Saw Mill Capital provides portfolio management for pooled vehicles. The firm advises 10 private funds.
Saw Mill Capital reports 10 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($1.02B across 10 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 10 | $1.02B | 100.0% | $102M |
| Total | 10 | $1.02B | 100% | $102M |
- Clients
- 10
- Regulatory AUM
- $1.02B
- AUM share
- 100.0%
- Avg. per client
- $102M
Total
- Clients
- 10
- Regulatory AUM
- $1.02B
- AUM share
- 100%
- Avg. per client
- $102M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 10
Saw Mill Capital is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Saw Mill Capital Holdings, LP owns 75% or more of Saw Mill Capital and is in turn owned by Howard Unger (50–75%). The leadership team of Saw Mill Capital includes Chief Operating Officer Brian O'Reilly and Chief Compliance Officer William Gerstner. It has 25 employees, 18 of them in advisory roles.
Leadership
- Brian O'ReillyChief Financial Officer/Chief Operating Officer
- William GerstnerPartner, Chief Compliance Officer
Staff
- 25 employees
- 18 in advisory functions
- Owns 75% or more of Saw Mill Capital L.L.C.
Saw Mill Capital Holdings, LP
Control person · since January 2008
- Owns 50% to 75% of Saw Mill Capital Holdings, LP
Howard Unger
Control person · since November 2007
Saw Mill Capital Associates GP, LLC
General partner · since November 2007
Saw Mill Capital’s regulatory assets grew 2.2× from $471M (March 2021) to $1.02B (March 2026); clients rose from 4 to 10 and employees from 18 to 25.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.02B | 10 | 25 | 1 |
| March 2025 | $1.19B | 10 | 27 | 1 |
| March 2024 | $1.21B | 10 | 24 | 1 |
| March 2023 | $710M | 6 | 24 | 1 |
| March 2022 | $771M | 4 | 19 | 1 |
| March 2021 | $471M | 4 | 18 | 1 |
Besides its headquarters, Saw Mill Capital has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 555 Pleasantville RD, South BLDG #220, Briarcliff ManorHQ
Contact and registration details
- Legal name
- Saw Mill Capital L.L.C.
- Headquarters
- 555 Pleasantville RD, South BLDG #220, Briarcliff Manor, NY 10510
- Website
- sawmillcapital.com
- Phone
- 914-741-1300
- @70458
- SEC file
- 801-73432
- Structure
- Delaware LLC
- Fiscal year end
- December
Saw Mill Capital does not have custody of client assets.
How many clients does Saw Mill Capital have?
Saw Mill Capital has 10 clients and manages $1.02 billion for them, as of March 2026. They include 10 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Saw Mill Capital offer?
Saw Mill Capital provides portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Saw Mill Capital have?
Saw Mill Capital has 0 investment adviser representatives registered with state securities authorities, out of 25 employees, and 18 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
Who owns Saw Mill Capital?
Saw Mill Capital is owned through a holding company by Howard Unger. Its direct owner is Saw Mill Capital Holdings, LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Saw Mill Capital get paid?
Saw Mill 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 Saw Mill Capital?
Saw Mill Capital’s main office is at 555 Pleasantville RD, South BLDG #220, Briarcliff Manor, NY 10510. Its phone number is 914-741-1300. Its website is sawmillcapital.com.