The Lyme Timber provides portfolio management for pooled vehicles and portfolio management for institutions.
The Lyme Timber reports 11 clients. They include 11 pooled investment vehicles. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $774M across 13 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 87% |
| Charitable organizations | Fewer than 5 | 5% |
| Insurance companies | Fewer than 5 | 8% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 11 | $675M | 87.2% | $61.3M |
| Charitable organizations | Fewer than 5 | $35.4M | 4.6% | — |
| Insurance companies | Fewer than 5 | $63.7M | 8.2% | — |
| Total | 11 | $774M | 100% | — |
- Clients
- 11
- Regulatory AUM
- $675M
- AUM share
- 87.2%
- Avg. per client
- $61.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $35.4M
- AUM share
- 4.6%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $63.7M
- AUM share
- 8.2%
- Avg. per client
- —
Total
- Clients
- 11
- Regulatory AUM
- $774M
- 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
- 0
The Lyme Timber is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees), performance-based fees and other compensation; its fees and minimums are set out in its brochures on the SEC website.
James Hourdequin owns 25% to 50% of The Lyme Timber. The leadership team of The Lyme Timber includes President David Hoffer and Chief Compliance Officer Jesse Phelps. It has 18 employees, 10 of them in advisory roles.
Leadership
- David HofferPresident, Managing Director, General Counsel
- Jesse PhelpsChief Compliance Officer
- James HourdequinCEO, Managing Director
- Sarah KitzManaging Director
- Thomas MorrowManaging Director
- Sean RossManaging Director
- Peter SteinManaging Director
Staff
- 18 employees
- 10 in advisory functions
- Owns 25% to 50% of The Lyme Timber Company LLC
James Hourdequin
Control person · since May 2009
- Owns 10% to 25% of The Lyme Timber Company LLC
David Hoffer
Control person · since July 2014
- Owns 10% to 25% of The Lyme Timber Company LLC
Thomas Morrow
Control person · since May 2009
- Owns 10% to 25% of The Lyme Timber Company LLC
Sean Ross
Control person · since January 2018
- Owns 10% to 25% of The Lyme Timber Company LLC
Sarah Kitz
Control person · since January 2023
- Owns 5% to 10% of The Lyme Timber Company LLC
Peter Stein
Control person · since May 2009
The Lyme Timber’s regulatory assets went from $768M (March 2021) to $774M (March 2026); clients rose from 10 to 11 and employees fell from 19 to 18.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $774M | 11 | 18 | 1 |
| March 2025 | $745M | 10 | 19 | 1 |
| March 2024 | $739M | 10 | 18 | 1 |
| March 2023 | $750M | 10 | 17 | 1 |
| April 2022 | $953M | 10 | 15 | 1 |
| March 2021 | $768M | 10 | 19 | 1 |
Besides its headquarters, The Lyme Timber has 0 offices, with 1 listed address in New Hampshire.
New Hampshire · 1 listed address
- 23 South Main Street, Suite 3a, HanoverHQ
Contact and registration details
- Legal name
- The Lyme Timber Company LLC
- Headquarters
- 23 South Main Street, Suite 3a, Hanover, NH 03755
- Website
- lymetimber.com
- Phone
- 603-643-3300
- @the-lyme-timber-company
- SEC file
- 801-80140
- Structure
- Delaware LLC
- Fiscal year end
- December
The Lyme Timber has custody of $675M in client assets for 11 clients.
What the accounts hold
- Other100%
- Real estate holding company100%
How many clients does The Lyme Timber have?
The Lyme Timber has 11 clients and manages $774 million for them, as of March 2026. They include 11 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026
What services does The Lyme Timber offer?
The Lyme Timber 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
How many financial advisors does The Lyme Timber have?
The Lyme Timber has 0 investment adviser representatives registered with state securities authorities, out of 18 employees, and 10 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 The Lyme Timber invest in?
At the end of its last fiscal year, The Lyme Timber’s separately managed accounts held 100% other. The 100% other category is described as: Real Estate Holding Company.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Lyme Timber?
The Lyme Timber’s direct owners are David Hoffer, James Hourdequin, Thomas Morrow, Peter Stein, Sean Ross and Sarah Kitz, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026
How does The Lyme Timber get paid?
The Lyme Timber is paid through a percentage of assets under management, hourly charges, fixed fees, performance-based fees and other compensation. 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
Is The Lyme Timber registered with the SEC?
Yes, The Lyme Timber has been registered with the SEC as an investment adviser since 20 August 2014. Its CRD number is 171953 and its SEC file number is 801-80140.
Source: Form ADV Part 1A, Item 1, filed 23 March 2026; IAPD firm record
How do I contact The Lyme Timber?
The Lyme Timber’s main office is at 23 South Main Street, Suite 3a, Hanover, NH 03755. Its phone number is 603-643-3300. Its website is lymetimber.com.