Niva WealthLet’s talk

Tidal Investments

SEC-registered adviser since 2012Milwaukee, WICRD 164201

$45.8B
AUM
343
Clients
See fees
Fee
50
Advisory staff

From Form ADV filed 27 March 2026 · data retrieved 15 October 2026SEC record

Tidal Investments is an investment adviser headquartered in Milwaukee, Wisconsin, and registered with the SEC since 2012. Its clients include investment companies, pooled investment vehicles and charitable organizations. High-net-worth individuals account for 0% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, pension consulting, and selecting other managers. Fee arrangements include a percentage of assets under management and fixed fees. TFG Buyer Holdings, Inc. owns 75% or more of Tidal Investments, and Gavin Filmore is its CEO.

Clients

Tidal Investments serves 343 clients, 296 of them investment companies. The average client has about $134 million with the firm, and high-net-worth clients hold 0% of its $45.8 billion in assets.

Regulatory assets by client type
  • Investment companies296 clients98%
  • Pooled investment vehicles10 clients2%
  • OtherIndividuals, High-net-worth individuals, Pension and profit-sharing plans, Charitable organizations, Other investment advisers, Corporations and other businesses0%
Show client breakdown
Individuals (other than HNW)
Clients
8
Regulatory AUM
$3,283,021
Share
0.0%
Avg. per client
$410K
High-net-worth individuals
Clients
4
Regulatory AUM
$16,625,281
Share
0.0%
Avg. per client
$4.16M
Investment companies
Clients
296
Regulatory AUM
$44,740,385,205
Share
97.6%
Avg. per client
$151.1M
Pooled investment vehicles
Clients
10
Regulatory AUM
$958,433,447
Share
2.1%
Avg. per client
$95.8M
Pension and profit-sharing plans
Clients
12
Regulatory AUM
$32,091,044
Share
0.1%
Avg. per client
$2.67M
Charitable organizations
Clients
8
Regulatory AUM
$41,786,157
Share
0.1%
Avg. per client
$5.22M
Other investment advisers
Clients
1
Regulatory AUM
$28,942,400
Share
0.1%
Avg. per client
$28.9M
Corporations and other businesses
Clients
4
Regulatory AUM
$7,665,894
Share
0.0%
Avg. per client
$1.92M

Total

Clients
343
Regulatory AUM
$45,829,212,449
Share
100%
Avg. per client
$133.6M

What it does

Tidal Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, pension consulting, selecting other managers and other activities. It is paid through a percentage of assets and fixed fees.

Tidal Investments advises no private funds.

100.0% of assets ($45.83B across 491 accounts) are managed with discretion. 3% of clients are outside the U.S., and 6 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks51%
  • Funds48%
    • Registered funds47%
    • Pooled vehicles1%
  • Cash1%

Custodians

Tidal Investments’ client accounts are held mainly at Fidelity, with 0% of managed assets, and Charles Schwab, with 0%. Tidal Investments does not have custody of client assets.

Managed account assets by custodian
  • OtherCharles Schwab, Fidelity, Matrix Trust, All other custodians100%

Ownership and leadership

TFG Buyer Holdings, Inc. owns 75% or more of Tidal Investments, and Gavin Filmore is its CEO.

Who owns the firm
Tidal Investments LLC· the adviser

  • TFG Buyer Holdings, Inc.

    Control person · since August 2025

    Owns 75% or more of Tidal Investments LLC

Leadership

  • Gavin Filmore
    Chief Executive Officer / Director
  • Ronnie Riven
    Chief Financial Officer
  • Eric Falkeis
    Chief Operating Officer
  • William Woolverton
    Chief Compliance Officer
  • Anthony Broglio
    Director
  • Claire Du Plessis
    Chief Marketing Officer
  • Michael Pellegrino
    General Counsel
  • John Pestrichelli
    Chief Trading Officer
  • Douglas Rescho
    Director
  • Guillermo Trias
    Executive Chairman / Director
  • Michael Venuto
    Chief Investment Officer / Director

Staff

  • 207 employees
  • 50 in advisory functions
  • 1 state-registered rep
  • 7 broker-dealer reps

Reported holdings

Tidal Investments’ reported 13F holdings total $57.77B across 2,594 positions, and the ten largest make up 21.2% of it.

$57.77B
Reported 13F value
2,594
Positions
21.2%
In the 10 largest
+21.8%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Nvidia CorporationCall4.9%
  2. Tesla Inc.Call3.2%
  3. Nvidia Corporation2.2%
  4. Strategy Inc. · CL A NewCall2.1%
  5. Advanced Micro Devices Inc.Call1.8%
  6. Alphabet Inc. · Cap Stk CL A1.6%
  7. Microsoft Corp.1.5%
  8. Apple Inc.1.4%
  9. Amazon Com Inc.1.4%
  10. Advanced Micro Devices Inc.1.2%

Together, the ten largest are 21.2% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 13 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $57.77B is not its $45.83B in regulatory assets and does not represent any individual client's portfolio.

Fees

Tidal Investments is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Tidal Investments’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Tidal Investments has 4 offices, with 5 listed addresses across 5 states.

Listed office addresses by state

Wisconsin · 1 listed address

  • 234 West Florida Street, Suite 700, MilwaukeeHQ

Registration details

Legal name
Tidal Investments LLC
Headquarters
234 West Florida Street, Suite 700, Milwaukee, WI 53204
Phone
855-843-2534
Website
Not reported
SEC file
801-76857
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Tidal Investments have?

Tidal Investments has 343 clients and manages $45.8 billion for them, as of March 2026. They include 296 investment companies, 12 pension and profit-sharing plans and 10 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026

What services does Tidal Investments offer?

Tidal Investments provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, pension consulting, selecting other managers and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Tidal Investments use?

Tidal Investments’ separately managed account assets are held at Fidelity Clearing & Custody Solutions (Cincinnati, OH), with $54,131,813, Charles Schwab & Co., Inc. (San Francisco, CA), with $48,385,719 and Matrix Trust Company (Lake Success, NY), with $27,876,265. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 March 2026

How many financial advisors does Tidal Investments have?

Tidal Investments has 1 investment adviser representatives registered with state securities authorities, out of 207 employees, and 50 perform investment advisory functions. 7 are registered representatives of a broker-dealer and 0 are 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 Tidal Investments invest in?

At the end of its last fiscal year, Tidal Investments’ separately managed accounts held 51% exchange-traded equities, 47% registered funds (mutual funds, ETFs, BDCs), 1% pooled vehicles (private funds and similar) and 1% cash and equivalents. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Tidal Investments?

Tidal Investments’ direct owner is TFG Buyer Holdings, Inc. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026

How does Tidal Investments get paid?

Tidal 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

Sources

  1. Form ADV Part 1A, amendment filed 27 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 164201.
  3. Form 13F-HR, filed 13 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Tidal Investments LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.