South Street Advisors provides portfolio management for individuals and small businesses.
South Street Advisors reports 138 clients. They include 124 individuals, 6 pension and profit-sharing plans, and 6 other clients. Of its assets, 100.0% ($906M across 138 accounts) are managed with discretion. Of its clients, 49% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 85% |
| Pension and profit-sharing plans | 4% | <1% |
| Corporations and other businesses | 1% | <1% |
| Other | 4% | 14% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 124 | $770M | 85.0% | $6.21M |
| Pension and profit-sharing plans | 6 | $8.16M | 0.9% | $1.36M |
| Corporations and other businesses | Fewer than 5 | $2.4M | 0.3% | $1.2M |
| Other | 6 | $126M | 13.9% | $20.9M |
| Total | 138 | $906M | 100% | — |
- Clients
- 124
- Regulatory AUM
- $770M
- AUM share
- 85.0%
- Avg. per client
- $6.21M
- Clients
- 6
- Regulatory AUM
- $8.16M
- AUM share
- 0.9%
- Avg. per client
- $1.36M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.4M
- AUM share
- 0.3%
- Avg. per client
- $1.2M
- Clients
- 6
- Regulatory AUM
- $126M
- AUM share
- 13.9%
- Avg. per client
- $20.9M
Total
- Clients
- 138
- Regulatory AUM
- $906M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 49%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
South Street Advisors charges 0.50%–1.00% a year for its Advisory Fee on Assets Under Management. Each asset band is charged at its own rate. The fee is billed in advance or in arrears, is negotiable and requires an account of at least $1,000,000.
| Asset band | Annual rate |
|---|---|
| $0–$5M | 1.00% |
| $5M–$10M | 0.75% |
| $10M and above | 0.50% |
Fee details and sources
Thomas Carhart owns 50% to 75% of South Street Advisors. The leadership team of South Street Advisors includes Chief Compliance Officer Eric Kleinschmidt. It has 7 employees, 5 of them in advisory roles.
Leadership
- Eric KleinschmidtChief Compliance Officer
- Michael ButtsPrincipal
- Thomas CarhartPrincipal and Managing Member
- Stephen OwenPrincipal
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 2 soliciting firms
- Owns 50% to 75% of South Street Advisors, LLC
Thomas Carhart
Control person · since February 1998
- Owns 25% to 50% of South Street Advisors, LLC
Stephen Owen
Control person · since May 2009
South Street Advisors’ regulatory assets grew from $612M (June 2021) to $906M (March 2026); clients rose from 72 to 138 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $906M | 138 | 7 | 1 |
| March 2025 | $825M | 136 | 7 | 1 |
| March 2024 | $693M | 114 | 7 | 1 |
| March 2023 | $624M | 103 | 5 | 1 |
| June 2022 | $717M | 89 | 5 | 1 |
| June 2021 | $612M | 72 | 5 | 1 |
Besides its headquarters, South Street Advisors has 0 offices, with 1 listed address in New York.
New York · 1 listed address
- 623 Fifth Avenue, Suite 1602, New YorkHQ
Contact and registration details
- Legal name
- South Street Advisors, LLC
- Headquarters
- 623 Fifth Avenue, Suite 1602, New York, NY 10022-9130
- Website
- southstreetadv.com
- Phone
- 212-292-7803
- SEC file
- 801-55383
- Structure
- New York LLC
- Fiscal year end
- December
South Street Advisors uses Deutsche Bank Trust Company Americas ($316M, 35%), Charles Schwab ($286M, 32%) and Bank of America Private Bank ($88.7M, 10%), among others, as custodians for its separately managed accounts. South Street Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · New York, NY · $286M32%
- Deutsche Bank Trust Company AmericasDeutsche Bank Trust Company Americas · New York, NY · $316M35%
- J.P. MorganJ.P. Morgan Chase Bank N.A. · New York, NY · $76.5M8%
- BerenbergBerenberg · London · $18.7M2%
- Julius BaerJulius Baer · Geneva · $84M9%
- OtherCitibank N.A., LPL Financial, CIBC, Bank of America Private Bank14%
At year end, South Street Advisors’ separately managed accounts were mostly in stocks (81%) and bonds (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $769M across 84 positions; the largest are Nvidia Corporation (8.7%), Amphenol Corp. (6.0%) and Alphabet Inc. (5.2%).
What the accounts hold
- Stocks81%
- Exchange-traded equities80%
- Non-exchange-traded equities1%
- Bonds10%
- Investment grade corporate bonds8%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash9%
Reported 13F holdings
- $769M
- Reported 13F value
- 84
- Positions
- 49.6%
- In the 10 largest
- +228.3%
- Value vs. prior quarter
- Nvidia Corporation8.7%
- Amphenol Corp. · CL A6.0%
- Alphabet Inc. · Cap Stk CL A5.2%
- Quanta Svcs Inc.4.9%
- Apple Inc.4.5%
- Onto Innovation Inc.4.4%
- Eli Lilly & CO4.2%
- Micron Technology Inc.4.2%
- Howmet Aerospace Inc.3.9%
- US Foods Hldg Corp.3.6%
Together, the ten largest are 49.6% of reported value.
How many clients does South Street Advisors have?
South Street Advisors has 138 clients and manages $906 million for them, as of March 2026. They include 124 individuals, 6 pension and profit-sharing plans, and 6 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does South Street Advisors offer?
South Street Advisors provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does South Street Advisors charge?
South Street Advisors charges 0.50%–1.00% a year for its Advisory Fee on Assets Under Management. Each asset band is charged at its own rate. The fee is billed in advance or in arrears, is negotiable and requires an account of at least $1,000,000.
Source: SOUTH STREET ADVISORS: FORM ADV PART 2A DISCLOSURE BROCHURE, filed 31 March 2026
Which custodians does South Street Advisors use?
South Street Advisors’ separately managed account assets are held at Deutsche Bank Trust Company Americas (New York, NY), with $316M, Charles Schwab & Co., Inc. (New York, NY), with $286M, Bank of America Private Bank (New York, NY), with $88.7M, Julius Baer (Geneva), with $84M, J.P. Morgan Chase Bank N.A. (New York, NY), with $76.5M, LPL Financial LLC (Fort Mill, SC), with $25M, Berenberg (London), with $18.7M, Citibank N.A. (New York, NY), with $6.23M and CIBC (New York, NY), with $5.01M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does South Street Advisors have?
South Street Advisors has 0 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 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 South Street Advisors invest in?
At the end of its last fiscal year, South Street Advisors’ separately managed accounts held 80% exchange-traded equities, 9% cash and equivalents, 8% investment grade corporate bonds, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does South Street Advisors have a minimum investment?
Yes, South Street Advisors’ minimum account size for its Advisory Fee on Assets Under Management is $1M.
Source: SOUTH STREET ADVISORS: FORM ADV PART 2A DISCLOSURE BROCHURE, filed 31 March 2026
Who owns South Street Advisors?
South Street Advisors’ direct owners are Thomas Carhart (50% to 75%) and Stephen Owen (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does South Street Advisors get paid?
South Street Advisors is paid through a percentage of assets under management. 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 South Street Advisors?
South Street Advisors’ main office is at 623 Fifth Avenue, Suite 1602, New York, NY 10022-9130. Its phone number is 212-292-7803. Its website is southstreetadv.com.