Bireme Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and educational seminars. The firm advises 1 private fund.
Bireme Capital reports 65 clients. They include 47 high-net-worth individuals, 13 individual clients, and 4 corporations and other businesses. Of its assets, 100.0% ($197M across 75 accounts) are managed with discretion. Of its clients, 6% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 20% | 6% |
| High-net-worth individuals | 72% | 23% |
| Pooled investment vehicles | 2% | 17% |
| Corporations and other businesses | 6% | 54% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 13 | $12.5M | 6.4% | $965K |
| High-net-worth individuals | 47 | $44.5M | 22.6% | $947K |
| Pooled investment vehicles | 1 | $33.4M | 16.9% | $33.4M |
| Corporations and other businesses | Fewer than 5 | $107M | 54.1% | $26.6M |
| Total | 65 | $197M | 100% | — |
- Clients
- 13
- Regulatory AUM
- $12.5M
- AUM share
- 6.4%
- Avg. per client
- $965K
- Clients
- 47
- Regulatory AUM
- $44.5M
- AUM share
- 22.6%
- Avg. per client
- $947K
- Clients
- 1
- Regulatory AUM
- $33.4M
- AUM share
- 16.9%
- Avg. per client
- $33.4M
- Clients
- Fewer than 5
- Regulatory AUM
- $107M
- AUM share
- 54.1%
- Avg. per client
- $26.6M
Total
- Clients
- 65
- Regulatory AUM
- $197M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 6%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
Bireme Capital is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Navarchos LLC owns 25% to 50% of Bireme Capital and is in turn owned by Ryan Ballentine (75% or more). The leadership team of Bireme Capital includes President Ryan Ballentine and Chief Compliance Officer Evan Tindell. It has 2 employees.
Leadership
- Ryan BallentinePresident
- Evan TindellPresident and Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Ryan William Ballentine
- Lawrence Israel Silverstein
- Evan William Tindell
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Bireme Capital, LLC
Navarchos LLC
since August 2017
- Owns 75% or more of Navarchos LLC
Ryan Ballentine
Control person · since March 2017
- Owns 25% to 50% of Bireme Capital, LLC
Ayanz LLC
since August 2017
- Owns 75% or more of Ayanz LLC
Evan Tindell
Control person · since March 2017
- Owns 10% to 25% of Bireme Capital, LLC
Wakefield Partners, L.P.
since August 2017
- Owns 50% to 75% of Wakefield Partners, L.P.
Beth Ballentine Descendants' Trust
since March 2005
- Owns 75% or more of Beth Ballentine Descendants' Trust
Steven Ballentine
since November 1996
Jeffrey Molson
Trustee · since November 1996
Highland Wakefield LLC
General partner · since November 1996
Bireme Capital’s regulatory assets grew from $168M (July 2025) to $197M (March 2026); clients were 65 in both filings and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $197M | 65 | 2 | 2 |
| July 2025 | $168M | 65 | 2 | 2 |
Besides its headquarters, Bireme Capital has 1 office (1 private residence, listed without an address), with 1 listed address in Maryland.
Maryland · 1 listed address
- 1201 Seven Locks Road, Suite 360, RockvilleHQ
Contact and registration details
- Legal name
- Bireme Capital, LLC
- Headquarters
- 1201 Seven Locks Road, Suite 360, Rockville, MD 20854
- Website
- Not reported
- Phone
- 813-603-2615
- @bireme-capital
- SEC file
- 801-133983
- Structure
- Delaware LLC
- Fiscal year end
- December
Bireme Capital uses Interactive Brokers ($103M) as custodian for its separately managed accounts. Bireme Capital does not have custody of client assets.
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $103M100%
At year end, Bireme Capital’s separately managed accounts were mostly in stocks (85%) and cash (10%).
What the accounts hold
- Stocks85%
- Funds5%
- Cash10%
How many clients does Bireme Capital have?
Bireme Capital has 65 clients and manages $197 million for them, as of March 2026. They include 47 high-net-worth individuals, 13 individual clients, and 4 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does Bireme Capital offer?
Bireme Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Bireme Capital use?
Bireme Capital’s separately managed account assets are held at Interactive Brokers LLC (Greenwich, CT), with $103M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does Bireme Capital have?
Bireme Capital has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bireme Capital invest in?
At the end of its last fiscal year, Bireme Capital’s separately managed accounts held 85% exchange-traded equities, 10% cash and equivalents and 5% registered funds (mutual funds, ETFs, BDCs). It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bireme Capital?
Bireme Capital is owned through a chain of holding companies by Ryan Ballentine, Evan Tindell and Steven Ballentine. Its direct owners are Navarchos LLC, Ayanz LLC and Wakefield Partners, L.P., each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does Bireme Capital get paid?
Bireme Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Bireme Capital registered with the SEC?
Yes, Bireme Capital has been registered with the SEC as an investment adviser since 25 July 2025. Its CRD number is 283224 and its SEC file number is 801-133983.
Source: Form ADV Part 1A, Item 1, filed 19 March 2026; IAPD firm record
How do I contact Bireme Capital?
Bireme Capital’s main office is at 1201 Seven Locks Road, Suite 360, Rockville, MD 20854. Its phone number is 813-603-2615.