{"url":"https://nivawealth.com/firms/gladstone-capital-management-167646","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/167646","regulatoryAum":1552188628,"crd":"167646","history":[{"filedOn":"2021-02-25","regulatoryAum":2639162568,"clients":6,"employees":16,"offices":1},{"filedOn":"2022-02-23","regulatoryAum":2670017488,"clients":4,"employees":16,"offices":1},{"filedOn":"2023-02-28","regulatoryAum":1937216220,"clients":4,"employees":20,"offices":1},{"filedOn":"2024-05-31","regulatoryAum":1790237100,"clients":4,"employees":20,"offices":1},{"filedOn":"2025-06-11","regulatoryAum":1868076322,"clients":4,"employees":19,"offices":1},{"filedOn":"2026-08-14","regulatoryAum":1552188628,"clients":4,"employees":17,"offices":2}],"secFileNumber":"801-81061","legalName":"Gladstone Capital Management LLP","displayName":"Gladstone Capital Management","slug":"gladstone-capital-management-167646","website":"https://gladstone-management.com/","classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/gladstone-capital-management-llp","founded":null,"organization":"limited liability partnership organized in United Kingdom","fiscalYearEnd":"November","headquarters":{"street":"6 Grosvenor Street, 1st Floor","city":"London","state":"","stateName":"","country":"United Kingdom","postalCode":"W1K 4PZ"},"tradeNames":[],"registration":{"secApproved":"10 March 2015","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":17,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1552188628,"discretionary":1552188628,"discretionaryAccounts":4,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":1118666090},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":433522538}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Goldman Sachs & Co. LLC","shortName":"Goldman Sachs & Co.","location":"New York, NY","smaAssets":228068256},{"name":"Morgan Stanley & Co. LLC","shortName":"Morgan Stanley","location":"New York, NY","smaAssets":111493431},{"name":"JP Morgan Securities LLC","shortName":"J.P. Morgan","location":"New York, NY","smaAssets":9064438},{"name":"UBS Ag","shortName":"UBS Ag","location":"New York, NY","smaAssets":84896413}],"custodyNote":"Gladstone Capital Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Justine Ayling-Kenrick","title":"Chief Compliance Officer","crd":"6854232"},{"name":"George Boutros","title":"Research Team Manager","crd":"2815684"},{"name":"Francesco Masoni","title":"Head of Risk and Trading","crd":"6197043"},{"name":"George Michelakis","title":"Chief Investment Officer","crd":"5066303"}],"ownership":[{"label":"George Michelakis","detail":"Chief investment officer in the 75% or more ownership band and a control person, since November 2005."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"442074084771","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":26},{"label":"Investment grade corporate bonds","percent":5},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Cash and cash equivalents","percent":67}],"privateFunds":1},"sources":{"adv1FilingDate":"14 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/167646/PDF/167646.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Gladstone Capital Management have?","answer":"Gladstone Capital Management has 4 clients and manages $1.55 billion for them, as of August 2026. They include 3 pooled investment vehicles and 1 pension or profit-sharing plan.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 14 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Gladstone Capital Management offer?","answer":"Gladstone Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Gladstone Capital Management use?","answer":"Gladstone Capital Management’s separately managed account assets are held at Goldman Sachs & Co. LLC (New York, NY), with $228M, Morgan Stanley & Co. LLC (New York, NY), with $111M, UBS Ag (New York, NY), with $84.9M and JP Morgan Securities LLC (New York, NY), with $9.06M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 14 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Gladstone Capital Management have?","answer":"Gladstone Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 17 employees, and 7 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Gladstone Capital Management invest in?","answer":"At the end of its last fiscal year, Gladstone Capital Management’s separately managed accounts held 67% cash and equivalents, 26% exchange-traded equities, 5% investment grade corporate bonds and 2% high-yield corporate bonds. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Gladstone Capital Management?","answer":"Gladstone Capital Management’s direct owner is George Michelakis (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 14 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Gladstone Capital Management get paid?","answer":"Gladstone Capital Management 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Gladstone Capital Management?","answer":"Gladstone Capital Management’s main office is at 6 Grosvenor Street, 1st Floor, London, United Kingdom W1K 4PZ. Its phone number is 442074084771. Its website is gladstone-management.com.","source":"Form ADV Part 1A, Item 1.F, filed 14 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/gladstone-capital-management-167646/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1353394/000135339426000008/0001353394-26-000008-index.html","totalValue":1010783119,"positionCount":40,"top10Share":0.8864508875914459,"top10":[{"issuer":"ALPHABET INC","titleOfClass":"CAP STK CL A","cusip":"02079K305","value":179797493,"shares":503113,"shareType":"SH","priorValue":179662599,"priorShares":624783},{"issuer":"QUANTA SVCS INC","titleOfClass":"COM","cusip":"74762E102","value":129782890,"shares":180244,"shareType":"SH","priorValue":125328639,"priorShares":228277},{"issuer":"VISA INC","titleOfClass":"COM CL 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}