Birnam Wood Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Birnam Wood Capital reports 51 clients. They include 51 high-net-worth individuals. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $106M across 54 accounts are not. A wrap fee program the firm both sponsors and manages holds $106M.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 100% | 67% |
| Charitable organizations | Fewer than 5 | 30% |
| Corporations and other businesses | Fewer than 5 | 3% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 51 | $71.3M | 67.2% | $1.4M |
| Charitable organizations | Fewer than 5 | $32M | 30.1% | — |
| Corporations and other businesses | Fewer than 5 | $2.86M | 2.7% | — |
| Total | 51 | $106M | 100% | — |
- Clients
- 51
- Regulatory AUM
- $71.3M
- AUM share
- 67.2%
- Avg. per client
- $1.4M
- Clients
- Fewer than 5
- Regulatory AUM
- $32M
- AUM share
- 30.1%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $2.86M
- AUM share
- 2.7%
- Avg. per client
- —
Total
- Clients
- 51
- Regulatory AUM
- $106M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Birnam Wood Capital charges up to 1.25% a year for its Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.
Fee details and sources
Charles Durham owns 75% or more of Birnam Wood Capital. Charles Durham is CEO. It has 2 employees, 1 of them in advisory roles.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Birnam Wood Capital, LLC
Charles Durham
Control person · since June 2015
Birnam Wood Capital’s regulatory assets fell from $122M (February 2021) to $106M (September 2026); clients rose from 46 to 51 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $106M | 51 | 2 | 1 |
| Feb 2025February 2025 | $108M | 53 | 2 | 1 |
| Mar 2024March 2024 | $106M | 54 | 2 | 1 |
| Mar 2023March 2023 | $108M | 46 | 3 | 1 |
| Feb 2022February 2022 | $145M | 48 | 2 | 1 |
| Feb 2021February 2021 | $122M | 46 | 2 | 1 |
Besides its headquarters, Birnam Wood Capital has 0 offices, with 1 listed address in 1 state.
Texas · 1 listed address
- 3963 Maple Avenue, Suite 300, DallasHQ
Contact and registration details
- Legal name
- Birnam Wood Capital, LLC
- Headquarters
- 3963 Maple Avenue, Suite 300, Dallas, TX 75219
- Website
- birnamwood-capital.com
- Phone
- 214-935-3707
- SEC file
- 801-118151
- Structure
- Texas LLC
- Fiscal year end
- December
Birnam Wood Capital’s named custodians for separately managed accounts are Charles Schwab ($31.9M, 100%) and Inspira Financial ($158K, 0%). Birnam Wood Capital has custody of $9.69M for 16 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $31.9M100%
- Inspira FinancialInspira Financial · Oak Brook, IL · $158K0%
At year end, Birnam Wood Capital’s separately managed accounts were mostly in funds (74%) and stocks (24%).
What the accounts hold
- Stocks24%
- Funds74%
- Pooled vehicles70%
- Registered funds4%
- Bonds3%
- State and local bonds2%
- U.S. government and agency bonds1%
- Cash1%
How many clients does Birnam Wood Capital have?
Birnam Wood Capital has 51 clients and manages $106 million for them, as of September 2026. They include 51 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026
What services does Birnam Wood Capital offer?
Birnam Wood Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Birnam Wood Capital charge?
Birnam Wood Capital charges up to 1.25% a year for its Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.
Which custodians does Birnam Wood Capital use?
Birnam Wood Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $31.9M and Inspira Financial (Oak Brook, IL), with $158K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 September 2026
How many financial advisors does Birnam Wood Capital have?
Birnam Wood Capital has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Birnam Wood Capital invest in?
At the end of its last fiscal year, Birnam Wood Capital’s separately managed accounts held 70% pooled vehicles (private funds and similar), 24% exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs), 2% state and local bonds, 1% U.S. government and agency bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Birnam Wood Capital?
Birnam Wood Capital’s direct owner is Charles Durham (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 23 September 2026
How does Birnam Wood Capital get paid?
Birnam Wood 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
How do I contact Birnam Wood Capital?
Birnam Wood Capital’s main office is at 3963 Maple Avenue, Suite 300, Dallas, TX 75219. Its phone number is 214-935-3707. Its website is birnamwood-capital.com.