Intrepid Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 26–50 clients last fiscal year. The firm advises 2 private funds.
Intrepid Capital Management reports 671 clients. They include 386 high-net-worth individuals, 265 individual clients, and 8 corporations and other businesses. Of its assets, 99.6% ($1.62B across 667 accounts) are managed with discretion; $6.41M across 6 accounts are not. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 1% |
| High-net-worth individuals | 58% | 16% |
| Investment companies | <1% | 82% |
| Pooled investment vehicles | <1% | <1% |
| Pension and profit-sharing plans | 1% | <1% |
| Other client typesCharitable organizations; Corporations and other businesses | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 265 | $23.4M | 1.4% | $88.3K |
| High-net-worth individuals | 386 | $253M | 15.6% | $656K |
| Investment companies | 2 | $1.32B | 81.5% | $662M |
| Pooled investment vehicles | 2 | $14.9M | 0.9% | $7.43M |
| Pension and profit-sharing plans | 7 | $4.61M | 0.3% | $659K |
| Charitable organizations | Fewer than 5 | $208K | 0.0% | $208K |
| Corporations and other businesses | 8 | $3.84M | 0.2% | $479K |
| Total | 671 | $1.62B | 100% | — |
- Clients
- 265
- Regulatory AUM
- $23.4M
- AUM share
- 1.4%
- Avg. per client
- $88.3K
- Clients
- 386
- Regulatory AUM
- $253M
- AUM share
- 15.6%
- Avg. per client
- $656K
- Clients
- 2
- Regulatory AUM
- $1.32B
- AUM share
- 81.5%
- Avg. per client
- $662M
- Clients
- 2
- Regulatory AUM
- $14.9M
- AUM share
- 0.9%
- Avg. per client
- $7.43M
- Clients
- 7
- Regulatory AUM
- $4.61M
- AUM share
- 0.3%
- Avg. per client
- $659K
- Clients
- Fewer than 5
- Regulatory AUM
- $208K
- AUM share
- 0.0%
- Avg. per client
- $208K
- Clients
- 8
- Regulatory AUM
- $3.84M
- AUM share
- 0.2%
- Avg. per client
- $479K
Total
- Clients
- 671
- Regulatory AUM
- $1.62B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 2
- Financial planning clients last fiscal year
- 26–50
Intrepid Capital Management is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Intrepid Capital Corporation owns 75% or more of Intrepid Capital Management and is in turn owned by Intrepid Capital Corporation Employee Stock Ownership Plan (25–50%). The leadership team of Intrepid Capital Management includes President Mark Travis, Chief Investment Officer Hunter Hayes and Chief Operating Officer Matthew Berquist. It has 16 employees, 9 of them in advisory roles.
Staff
- 16 employees
- 9 in advisory functions
- 2 state-registered reps
- 1 broker-dealer rep
- Owns 75% or more of Intrepid Capital Management Inc
Intrepid Capital Corporation
Control person · since December 1998
- Owns 25% to 50% of Intrepid Capital Corporation
Intrepid Capital Corporation Employee Stock Ownership Plan
since January 2005
- Owns 25% to 50% of Intrepid Capital Corporation Employee Stock Ownership Plan
Mark Travis
Control person · since January 2005
Intrepid Capital Management’s regulatory assets grew 3.8× from $428M (March 2021) to $1.62B (May 2026); clients rose from 105 to 671 and employees from 15 to 16.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $1.62B | 671 | 16 | 1 |
| Mar 2025March 2025 | $1.19B | 219 | 16 | 1 |
| Mar 2024March 2024 | $763M | 203 | 17 | 1 |
| Mar 2023March 2023 | $590M | 200 | 17 | 1 |
| Apr 2022April 2022 | $613M | 232 | 15 | 1 |
| Mar 2021March 2021 | $428M | 105 | 15 | 1 |
Besides its headquarters, Intrepid Capital Management has 0 offices, with 1 listed address in 1 state.
Florida · 1 listed address
- 1400 Marsh Landing Parkway Ste 106, Jacksonville BeachHQ
Other business names
Intrepid Capital Management has reported 1 other business name to the SEC.
- Intrepid Private Wealth
Contact and registration details
- Legal name
- Intrepid Capital Management Inc
- Headquarters
- 1400 Marsh Landing Parkway Ste 106, Jacksonville Beach, FL 32250
- Website
- intrepidcapitalfunds.com
- Phone
- 904-246-3433
- @intrepidcapital
- SEC file
- 801-47894
- Structure
- Florida corporation
- Fiscal year end
- December
Intrepid Capital Management’s named custodians for separately managed accounts include U S Bank, N.A., Trust ($1.32B, 82%), Charles Schwab ($277M, 17%) and Pershing ($13M, 1%). Intrepid Capital Management has custody of $294M for 175 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $277M17%
- U S Bank, N.A., TrustU S Bank, N.A., Trust · Milwaukee, WI · $1.32B82%
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $13M1%
- OtherWilmington Trust, Interactive Brokers0%
At year end, Intrepid Capital Management’s separately managed accounts were mostly in funds (72%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $282M across 109 positions; the largest are Dimensional ETF Trust (6.9%), Groupon Inc. (5.7%) and Cerence Inc. (5.4%).
What the accounts hold
- Stocks17%
- Exchange-traded equities16%
- Non-exchange-traded equities1%
- Funds72%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash9%
How many clients does Intrepid Capital Management have?
Intrepid Capital Management has 671 clients and manages $1.62 billion for them, as of May 2026. They include 386 high-net-worth individuals, 265 individual clients, and 8 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 7 May 2026
What services does Intrepid Capital Management offer?
Intrepid Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Intrepid Capital Management use?
Intrepid Capital Management’s separately managed account assets are held at U S Bank, N.A., Trust (Milwaukee, WI), with $1.32B, Charles Schwab & Co., Inc. (Westlake, TX), with $277M, Pershing Advisor Solutions LLC (Jersey City, NJ), with $13M, Wilmington Trust (Wilmington, DE), with $1.91M and Interactive Brokers LLC (Greenwich, CT), with $1.52M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 May 2026
How many financial advisors does Intrepid Capital Management have?
Intrepid Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 16 employees, and 9 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 0 employees are 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 Intrepid Capital Management invest in?
At the end of its last fiscal year, Intrepid Capital Management’s separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 16% exchange-traded equities, 9% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Intrepid Capital Management?
Intrepid Capital Management is owned through a chain of holding companies by Mark Travis. Its direct owner is Intrepid Capital Corporation (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 7 May 2026
How does Intrepid Capital Management get paid?
Intrepid Capital Management is paid through a percentage of assets under management, hourly charges, fixed fees 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 Intrepid Capital Management?
Intrepid Capital Management’s main office is at 1400 Marsh Landing Parkway Ste 106, Jacksonville Beach, FL 32250. Its phone number is 904-246-3433. Its website is intrepidcapitalfunds.com.