Latash Investments provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 3 private funds.
Latash Investments reports 7 clients. They include 3 high-net-worth individuals, 2 banking or thrift institutions and 2 charitable organizations. Of its assets, 75.3% ($1.31B across 5 accounts) are managed with discretion; $430M across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 43% | 16% |
| Banking or thrift institutions | 29% | 25% |
| Charitable organizations | 29% | 59% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | Fewer than 5 | $279M | 16.1% | $93.2M |
| Banking or thrift institutions | Fewer than 5 | $430M | 24.7% | $215M |
| Charitable organizations | Fewer than 5 | $1.03B | 59.2% | $514M |
| Total | 7 | $1.74B | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $279M
- AUM share
- 16.1%
- Avg. per client
- $93.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $430M
- AUM share
- 24.7%
- Avg. per client
- $215M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.03B
- AUM share
- 59.2%
- Avg. per client
- $514M
Total
- Clients
- 7
- Regulatory AUM
- $1.74B
- 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
- 3
- Financial planning clients last fiscal year
- 0
Latash Investments is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Latash, Inc. owns 75% or more of Latash Investments and is in turn owned by Gary Dalton (50–75%). Gary Dalton is CEO; the leadership team includes Chief Compliance Officer Adam Gibbons. It has 8 employees, 4 of them in advisory roles.
Leadership
- Gary DaltonChief Executive Officer, President
- Adam GibbonsChief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Gary Jay Dalton
- Adam Clark Gibbons
- Jack Michael Straub
Staff
- 8 employees
- 4 in advisory functions
- Owns 75% or more of Latash Investments, LLC
Latash, Inc.
Control person · since April 2005
- Owns 50% to 75% of Latash, Inc.
Gary Dalton
Control person · since April 2005
Latash Investments’ regulatory assets grew 1.6× from $1.1B (March 2021) to $1.74B (March 2026); clients rose from 5 to 7 and employees were 8 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.74B | 7 | 8 | 1 |
| March 2025 | $1.55B | 8 | 8 | 1 |
| March 2024 | $1.65B | 12 | 7 | 1 |
| March 2023 | $1.65B | 12 | 8 | 2 |
| March 2022 | $1.5B | 5 | 8 | 2 |
| March 2021 | $1.1B | 5 | 8 | 2 |
Besides its headquarters, Latash Investments has 0 offices, with 1 listed address in Alaska.
Alaska · 1 listed address
- 301 W. Northern Lights BLVD.,, Suite 412, AnchorageHQ
Contact and registration details
- Legal name
- Latash Investments, LLC
- Headquarters
- 301 W. Northern Lights BLVD.,, Suite 412, Anchorage, AK 99503
- Website
- Not reported
- Phone
- 907-868-7580
- SEC file
- 801-62261
- Structure
- Alaska LLC
- Fiscal year end
- December
Latash Investments uses Northern Trust ($1.17B, 74%) and FHLB Des Moines ($422M, 26%) as custodians for its separately managed accounts. Latash Investments has custody of $349M in client assets for 3 clients.
- Northern TrustNorthern Trust · Chicago, IL · $1.17B74%
- FHLB Des MoinesFHLB Des Moines · Anchorage, AK · $422M26%
At year end, Latash Investments’ separately managed accounts were mostly in funds (51%) and bonds (25%). Its reported 13F holdings for the quarter ended 30 June 2026 total $136M across 20 positions; the largest are Wells Fargo & CO (84.0%), Alphabet Inc. (3.3%) and Alphabet Inc. (3.2%).
What the accounts hold
- Stocks19%
- Funds51%
- Pooled vehicles48%
- Registered funds3%
- Bonds25%
- U.S. government and agency bonds22%
- Investment grade corporate bonds3%
- Cash5%
Reported 13F holdings
- $136M
- Reported 13F value
- 20
- Positions
- 97.3%
- In the 10 largest
- +6.0%
- Value vs. prior quarter
- Wells Fargo & CO84.0%
- Alphabet Inc. · Cap Stk CL A3.3%
- Alphabet Inc. · Cap Stk CL C3.2%
- Willis Lease Fin Corp.2.3%
- Microsoft Corp.1.3%
- United Airls Hldgs Inc.0.8%
- Aquestive Therapeutics Inc.0.7%
- Blackstone Inc.0.7%
- Illinois Tool Wks Inc.0.6%
- First TR Exchng Traded FD VI · FT Ener Inco ETF0.5%
Together, the ten largest are 97.3% of reported value.
How many clients does Latash Investments have?
Latash Investments has 7 clients and manages $1.74 billion for them, as of March 2026. They include 3 high-net-worth individuals, 2 banking or thrift institutions and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Latash Investments offer?
Latash Investments 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
Which custodians does Latash Investments use?
Latash Investments’ separately managed account assets are held at Northern Trust (Chicago, IL), with $1.17B and FHLB Des Moines (Anchorage, AK), with $422M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Latash Investments have?
Latash Investments has 0 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 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 Latash Investments invest in?
At the end of its last fiscal year, Latash Investments’ separately managed accounts held 48% pooled vehicles (private funds and similar), 22% U.S. government and agency bonds, 19% exchange-traded equities, 5% cash and equivalents, 3% investment grade corporate bonds and 3% registered funds (mutual funds, ETFs, BDCs). It advises 3 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 Latash Investments?
Latash Investments is owned through a holding company by Gary Dalton. Its direct owner is Latash, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Latash Investments get paid?
Latash Investments is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees 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 Latash Investments?
Latash Investments’ main office is at 301 W. Northern Lights BLVD.,, Suite 412, Anchorage, AK 99503. Its phone number is 907-868-7580.