DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

V••••••• C•••••• M••••••••• L•••

Asset manager (funds and pooled vehicles)San Francisco, CaliforniaCRD 154249SEC 801-71658websiteIAPD
Latest filing Mar 30, 2026
First filing on the tape Mar 30, 2012 · 30 filings
SEC status approved since Aug 2, 2010
RAUM
$11B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
31
12 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
6
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$11B as of Mar 30, 2026
Mar 30, 2012$6.6B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 30, 20120 then
Employees (5.A)31 as of Mar 30, 2026
Mar 20, 201326 then
Private funds6 as of Mar 30, 2026
Mar 30, 20121 then
RAUM -0.7% over the last fiscal year-2.0% a year over threeIARs 0 to 0offices 2 to 1
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$627MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-0.7%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$11B, 18 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$11B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
18reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$11B for 18 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=true bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      7 reported on Schedule D 7.B.(1)
      Owners and control persons
      Schedule A and B, latest filing
      • A••••• C••••••••• S•••• · Chief Financial Officercontrol
        since 07/2017 · owns less than 5%
      • B•••••••• J••••• B••••••• · General Counselcontrol
        since 11/2018 · owns less than 5%
      • H•••• D••••• R••••• · Co-Chief Executive Officercontrol
        since 08/2023 · owns less than 5%
      • M•••••• G•••••••• M•••• · Co-Chief Executive Officer/Chief Investment Officercontrol
        since 11/2007 · owns less than 5%
      • M••••••••• S••••• M• · Chief Compliance Officercontrol
        since 01/2024 · owns less than 5%
      • Z•••••• B•••••• J••• · Vice Presidentcontrol
        since 11/2007 · owns less than 5%
      • H•••• D••••• R••••• · Member Of The Management Boardcontrol
        since 08/2023 · owns F of V••••••• H••••••• G•• L••
      • M•••••• G•••••••• M•••• · Member Of The Management Boardcontrol
        since 11/2007 · owns F of V••••••• H••••••• G•• L••
      • Z•••••• B•••••• J••• · Member Of The Management Boardcontrol
        since 01/2022 · owns F of V••••••• H••••••• G•• L••
      Entity owners
      • V••••••• C•••••• M••••••••• L•• · General Partner
        direct · owns less than 5%
      • V••••••• H••••••• I•• L••• · Limited Partner
        direct · owns 75% or more
      • V••••••• H••••••• G•• L•• · General Partner
        indirect · owns F of V••••••• Holdings, LP
      • V••••••• H••••••• I•• L••• · Managing Member
        indirect · owns 75% or more of V••••••• C•••••• M••••••••• L••
      • V••••••• P••••••••• G•• L•• · General Partner
        indirect · owns F of V••••••• P••••••••• I•• L•••
      • V••••••• P••••••••• I•• L••• · Limited Partner
        indirect · owns 75% or more of V••••••• H••••••• I•• L•••
      Related persons
      Schedule D 7.A
      • V• P••••••• I• L••
        bankpooled vehicle sponsorn
      • V• P••••••• I••• L••
        bankpooled vehicle sponsorn
      • V• P••••••• J••••• L••
        bankpooled vehicle sponsorn
      • V• P••••••• S•••••••• I•• L••
        bankpooled vehicle sponsorn
      Advisers that list V••••••• C•••••• M••••••••• L••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Santa Barbara, CA1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • private fund count surgeChange between filings · filing Mar 30, 2026
        private funds (Schedule D 7.B.1) moved from 4.0 to 6.0 (+50.0%) between the annual amendments of 2025-03-21 and 2026-03-30; the peer median change was +3.0% (487 comparable advisers, 94.0th percentile of changes)
        peers: asset managers, $5B to $20B (487) · 94% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 17 to 18
        Mar 21, 2025 to Mar 30, 2026
      • Advisory employees · 11 to 12
        Mar 21, 2025 to Mar 30, 2026
      • Pooled vehicle clients · 16 to 18
        Mar 21, 2025 to Mar 30, 2026
      • Assets in custody · $11B to $11B
        Mar 21, 2025 to Mar 30, 2026
      • Employees · 30 to 31
        Mar 21, 2025 to Mar 30, 2026
      • Other offices · 2 to 1
        Mar 21, 2025 to Mar 30, 2026
      • Private funds · 4 to 6
        Mar 21, 2025 to Mar 30, 2026
      • Discretionary RAUM · $11B to $11B
        Mar 21, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $11B to $11B
        Mar 21, 2025 to Mar 30, 2026
      • RAUM · $11B to $11B
        Mar 21, 2025 to Mar 30, 2026
      • Assets in custody · $0 to $11B
        Mar 28, 2024 to Mar 21, 2025
      • Employees · 27 to 30
        Mar 28, 2024 to Mar 21, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Mar 21, 2025
      • Other offices · 1 to 2
        Mar 28, 2024 to Mar 21, 2025
      • Discretionary RAUM · $9.8B to $11B
        Mar 28, 2024 to Mar 21, 2025
      • Pooled vehicle RAUM · $9.8B to $11B
        Mar 28, 2024 to Mar 21, 2025
      • RAUM · $9.8B to $11B
        Mar 28, 2024 to Mar 21, 2025
      • Accounts · 16 to 17
        Jan 30, 2024 to Mar 28, 2024
      • Advisory employees · 17 to 11
        Jan 30, 2024 to Mar 28, 2024
      • Pooled vehicle clients · 15 to 16
        Jan 30, 2024 to Mar 28, 2024
      • Employees · 42 to 27
        Jan 30, 2024 to Mar 28, 2024
      • Private funds · 3 to 4
        Jan 30, 2024 to Mar 28, 2024
      • Discretionary RAUM · $12B to $9.8B
        Jan 30, 2024 to Mar 28, 2024
      • Pooled vehicle RAUM · $12B to $9.8B
        Jan 30, 2024 to Mar 28, 2024
      • RAUM · $12B to $9.8B
        Jan 30, 2024 to Mar 28, 2024
      • Accounts · 11 to 16
        Nov 2, 2022 to Mar 29, 2023
      • Advisory employees · 15 to 17
        Nov 2, 2022 to Mar 29, 2023
      • Pooled vehicle clients · 10 to 15
        Nov 2, 2022 to Mar 29, 2023
      • Employees · 39 to 42
        Nov 2, 2022 to Mar 29, 2023
      • Private funds · 2 to 3
        Nov 2, 2022 to Mar 29, 2023
      • Discretionary RAUM · $13B to $12B
        Nov 2, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $13B to $12B
        Nov 2, 2022 to Mar 29, 2023
      • RAUM · $13B to $12B
        Nov 2, 2022 to Mar 29, 2023
      • Accounts · 13 to 11
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle clients · 12 to 10
        Mar 30, 2021 to Mar 30, 2022
      • Other offices · 0 to 1
        Mar 30, 2021 to Mar 30, 2022
      • Private funds · 3 to 2
        Mar 30, 2021 to Mar 30, 2022
      • Discretionary RAUM · $14B to $13B
        Mar 30, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $13B to $13B
        Mar 30, 2021 to Mar 30, 2022
      • RAUM · $14B to $13B
        Mar 30, 2021 to Mar 30, 2022
      Signals
      9 dated events
      • Bridges Brandon Boze (President) no longer on Schedule A of V••••••• C•••••• M••••••••• L••• (listed 2024-01-30, absent 2024-03-28)
        Mar 28, 2024 · Control person left · inference
      • Walsh Dorothea Kennedy (Chief Compliance Officer) no longer on Schedule A of V••••••• C•••••• M••••••••• L••• (listed 2023-10-09, absent 2024-01-30)
        Jan 30, 2024 · Control person left · inference
      • M Sonia Muscatine (Chief Compliance Officer) appeared on Schedule A of V••••••• C•••••• M••••••••• L•••
        Jan 30, 2024 · Control person joined · fact
      • Robert David Hale (Co-Chief Executive Officer) appeared on Schedule A of V••••••• C•••••• M••••••••• L•••
        Jan 30, 2024 · Control person joined · fact
      • Jane Briana Zelaya (Vice President) appeared on Schedule A of V••••••• C•••••• M••••••••• L•••
        Mar 30, 2022 · Control person joined · fact
      • Eric Bradley Singer (Chief Operating Officer) no longer on Schedule A of V••••••• C•••••• M••••••••• L••• (listed 2021-03-30, absent 2022-03-30)
        Mar 30, 2022 · Control person left · inference
      • Williams Jeffrey Ubben (Chairman) no longer on Schedule A of V••••••• C•••••• M••••••••• L••• (listed 2020-03-27, absent 2020-11-03)
        Nov 3, 2020 · Control person left · inference
      • Benjamin Jason Breeding (General Counsel) appeared on Schedule A of V••••••• C•••••• M••••••••• L•••
        Mar 28, 2019 · Control person joined · fact
      • Ascher Allison Bennington (Chief Legal Officer) no longer on Schedule A of V••••••• C•••••• M••••••••• L••• (listed 2018-08-17, absent 2019-03-28)
        Mar 28, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/valueact-capitalreportedpublic record, Form ADV, Sep 18, 2026
      Website
      V•••••••.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      415-362-3700reportedpublic record, Form ADV, Mar 30, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026