{"url":"https://nivawealth.com/firms/pugh-capital-management-111765","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/111765","regulatoryAum":12821941180,"crd":"111765","secFileNumber":"801-39138","legalName":"Pugh Capital Management, Inc.","displayName":"Pugh Capital Management","website":"https://www.pughcapital.com","linkedinUrl":"https://www.linkedin.com/company/pugh-capital-management-inc/","founded":null,"organization":"Washington corporation","fiscalYearEnd":"December","headquarters":{"street":"1700 7th Avenue, Suite 1510","city":"Seattle","state":"WA","stateName":"Washington","country":"United States","postalCode":"98101"},"tradeNames":[],"registration":{"secApproved":"27 June 1991","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":39,"advisory":22,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":12808143615,"discretionaryAccounts":79,"nonDiscretionary":13797565,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":2,"nonAumClients":1},"clientTypes":[{"label":"Pooled investment vehicles","clients":2,"regulatoryAum":277129194},{"label":"Pension and profit-sharing plans","clients":13,"regulatoryAum":2508816889},{"label":"Charitable organizations","clients":11,"regulatoryAum":900264749},{"label":"State or municipal government entities","clients":17,"regulatoryAum":4776023524},{"label":"Other investment advisers","clients":2,"regulatoryAum":307407585},{"label":"Insurance companies","clients":2,"regulatoryAum":1890108828},{"label":"Corporations and other businesses","clients":3,"regulatoryAum":696816791},{"label":"Other","clients":2,"regulatoryAum":1465373620}],"fees":[],"feeNotes":[],"custodians":[{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":5013580261},{"name":"The Bank of New York Mellon","shortName":"The Bank of New York Mellon","location":"New York, NY","smaAssets":4937613027},{"name":"The Northern Trust Company","shortName":"The Northern Trust","location":"Chicago, IL","smaAssets":2270948602}],"custodyNote":"Pugh Capital Management has custody of $33.2M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Jean-David Larson","title":"President","crd":"7087467"},{"name":"Gregory Moye","title":"Chief Compliance Officer","crd":"2951446"},{"name":"Deanna Hobson","title":"CEO","crd":"2846838"},{"name":"Mary Pugh","title":"Chair","crd":"2138699"},{"name":"Ryan Cook","title":"Shareholder","crd":"6385198"},{"name":"Yuyan Lou","title":"Shareholder","crd":"5626065"}],"ownership":[{"label":"Mary Pugh","detail":"Chair in the 25% to 50% ownership band and a control person, since July 1991."},{"label":"Ryan Cook","detail":"Shareholder in the 5% to 10% ownership band, since April 2017."},{"label":"Yuyan Lou","detail":"Shareholder in the 5% to 10% ownership band, since April 2017."},{"label":"Deanna Hobson","detail":"Ceo in the 5% to 10% ownership band and a control person, since January 2026."},{"label":"Jean-David Larson","detail":"President in the 5% to 10% ownership band and a control person, since February 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"1700 7th Avenue, Suite 1510","city":"Seattle","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"206-322-4985","stateRegisteredReps":4,"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":"U.S. government/agency bonds","percent":31},{"label":"Investment grade corporate bonds","percent":29},{"label":"Non-investment grade corporate bonds","percent":14},{"label":"Other","percent":24,"detail":"All of the Following Are Investment Grade: Agency Mortgage-Backed Securities (MBS), Asset-Backed Securities (abs), Commercial Mortgage-Backed Securities (CMBS), Agency CMBS, Non-Agency Collateralized Mortgage Obligations (cmo)."}],"privateFunds":1},"sources":{"adv1FilingDate":"24 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/111765/PDF/111765.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pugh Capital Management have?","answer":"Pugh Capital Management has 52 clients and manages $12.8 billion for them, as of March 2026. They include 17 state or municipal government entities, 13 pension and profit-sharing plans and 11 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pugh Capital Management offer?","answer":"Pugh 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 Pugh Capital Management use?","answer":"Pugh Capital Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $5,013,580,261, The Bank of New York Mellon (New York, NY), with $4,937,613,027 and The Northern Trust Company (Chicago, IL), with $2,270,948,602. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pugh Capital Management have?","answer":"Pugh Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 39 employees, and 22 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 Pugh Capital Management invest in?","answer":"At the end of its last fiscal year, Pugh Capital Management’s separately managed accounts held 31% U.S. government and agency bonds, 29% investment grade corporate bonds, 24% all of the following are investment grade: agency mortgage-backed securities (mbs), asset-backed securities (abs), commercial mortgage-backed securities (cmbs), agency cmbs, non-agency collateralized mortgage obligations (cmo). and 14% high-yield corporate bonds. It advises 1 private funds.","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 Pugh Capital Management?","answer":"Pugh Capital Management’s direct owners are Mary Pugh, Ryan Cook, Yuyan Lou, Deanna Hobson and Jean-David Larson, each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 24 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pugh Capital Management get paid?","answer":"Pugh 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"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth 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."}