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

T•••••• I••••••••• I•••

Asset manager (funds and pooled vehicles)Northbrook, IllinoisCRD 155200SEC 801-72437websiteIAPD
Latest filing Mar 27, 2026
First filing on the tape Mar 15, 2012 · 22 filings
SEC status approved since Jun 22, 2011
RAUM
$533M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
3.1%
$16.5M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
2
reported on Schedule D
History
22 filings and snapshots on the tape
RAUM$533M as of Mar 27, 2026
Mar 15, 2012$216M then
HNW client RAUM$16.5M as of Mar 27, 2026
Mar 20, 2018$20.4M then
State-registered IARs (5.B.3)0 as of Mar 27, 2026
Mar 15, 20120 then
Employees (5.A)9 as of Mar 27, 2026
Mar 22, 20137 then
Private funds2 as of Mar 27, 2026
Mar 15, 20122 then
RAUM -44% over the last fiscal year-22% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 27, 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
$38.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived3 offices incl. principal (1.F.5)
RAUM growth, one year
-44%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 individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$533M, 2 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)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$472M96%
  • High-net-worth individuals$16.5M3.4%
  • Pension and profit-sharing plans$759,6230.2%
Individual clients
0reported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
14reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$533M for 2 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.03 fund_share=0.89 institutional_share=0.0 related_bd=false related_bank=false 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
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•••••• I••••••••• L••• I•Hedge Fund$346M150Mar 15, 2012
      T•••••• I••••••••• L•••Hedge Fund$298M100Mar 15, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • G•••••• D••••••• T••• · Director/Presidentcontrol
        since 06/1992 · owns 50% to 75%
      • M•••••••• S•••••• R••• · Vice Presidentcontrol
        since 12/2011 · owns less than 5%
      • O••••••• L•••••••• A•••• · Director/Executive Vice Presidentcontrol
        since 06/1993 · owns 25% to 50%
      • S••••• B••••••• F••••••• · Chief Compliance Officercontrol
        since 09/2007 · owns less than 5%
      • S••••• S•••••• G•••• · Director/Vice Presidentcontrol
        since 01/2003 · owns 10% to 25%
      • G•••••• D••••••• T••• · Trusteecontrol
        since 07/1999 · owns F of D•••••• G••••• R•••••••• T•••• U•••• D•••• J••• 2•• 1•••
      • O••••••• L•••••••• A•••• · Trusteecontrol
        since 08/2000 · owns F of L••••••• O•••••• R•••••••• T•••• U•••• D•••• A••••• 8• 2•••
      • S••••• B••••••• F••••••• · Trusteecontrol
        since 06/2021 · owns F of B•••••• F• S•••• R•••••••• T••••
      • S••••• S•••••• G•••• · Trusteecontrol
        since 10/2007 · owns F of S•••• S•••• R•••••••• T•••• U•••• O•••••• 1•• 2•••
      Entity owners
      • B•••••• F• S•••• R•••••••• T•••• · Shareholder
        direct · owns less than 5%
      • D•••••• G••••• R•••••••• T•••• U•••• D•••• J••• 2•• 1••• · Shareholder
        direct · owns 50% to 75%
      • L••••••• O•••••• R•••••••• T•••• U•••• D•••• A••••• 8• 2••• · Shareholder
        direct · owns 25% to 50%
      • S•••• S•••• R•••••••• T•••• U•••• O•••••• 1•• 2••• · Shareholder
        direct · owns 10% to 25%
      • T•• S••••• G••• T•••• · Shareholder
        direct · owns less than 5%
      • M•••••••• S•••••• R••• · Trustee
        indirect · owns F of T•• S••••• G••• T••••
      Related persons
      Schedule D 7.A
      • T•••••• H••••••• L••
        pooled vehicle sponsorn
      Offices
      Schedule D 1.F, the 25 largest
      • Boulder, CO3 employees
      • , 1 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • RAUM down 25 %Change between filings · filing Mar 27, 2026
        RAUM (Item 5.F) moved from $954,720,913 to $533,193,505 (-44.0%) between the annual amendments of 2025-03-27 and 2026-03-27; the peer median change was +8.0% (673 comparable advisers, 2.0th percentile of changes)
        peers: asset managers, $500M to $1B (673) · 1.9% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 15 to 14
        Mar 27, 2025 to Mar 27, 2026
      • Assets in custody · $570M to $533M
        Mar 27, 2025 to Mar 27, 2026
      • Discretionary RAUM · $955M to $533M
        Mar 27, 2025 to Mar 27, 2026
      • HNW RAUM · $16.7M to $16.5M
        Mar 27, 2025 to Mar 27, 2026
      • Pension RAUM · $30.2M to $759,623
        Mar 27, 2025 to Mar 27, 2026
      • Pooled vehicle RAUM · $570M to $472M
        Mar 27, 2025 to Mar 27, 2026
      • RAUM · $955M to $533M
        Mar 27, 2025 to Mar 27, 2026
      • Accounts · 17 to 15
        Apr 17, 2024 to Mar 27, 2025
      • Advisory employees · 8 to 7
        Apr 17, 2024 to Mar 27, 2025
      • Assets in custody · $644M to $570M
        Apr 17, 2024 to Mar 27, 2025
      • Employees · 10 to 9
        Apr 17, 2024 to Mar 27, 2025
      • Financial planning clients · unset to
        Apr 17, 2024 to Mar 27, 2025
      • Discretionary RAUM · $1.1B to $955M
        Apr 17, 2024 to Mar 27, 2025
      • HNW RAUM · $19.4M to $16.7M
        Apr 17, 2024 to Mar 27, 2025
      • Pension RAUM · $92.9M to $30.2M
        Apr 17, 2024 to Mar 27, 2025
      • Pooled vehicle RAUM · $644M to $570M
        Apr 17, 2024 to Mar 27, 2025
      • RAUM · $1.1B to $955M
        Apr 17, 2024 to Mar 27, 2025
      • Assets in custody · $655M to $644M
        Apr 12, 2023 to Mar 27, 2024
      • Discretionary RAUM · $1.1B to $1.1B
        Apr 12, 2023 to Mar 27, 2024
      • HNW RAUM · $24.7M to $19.4M
        Apr 12, 2023 to Mar 27, 2024
      • Pension RAUM · $83.4M to $92.9M
        Apr 12, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $655M to $644M
        Apr 12, 2023 to Mar 27, 2024
      • RAUM · $1.1B to $1.1B
        Apr 12, 2023 to Mar 27, 2024
      • Advisory employees · 7 to 8
        Mar 24, 2022 to Mar 28, 2023
      • Assets in custody · $754M to $655M
        Mar 24, 2022 to Mar 28, 2023
      • Discretionary RAUM · $1.2B to $1.1B
        Mar 24, 2022 to Mar 28, 2023
      • HNW RAUM · $31.5M to $24.7M
        Mar 24, 2022 to Mar 28, 2023
      • Pension RAUM · $73.1M to $83.4M
        Mar 24, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $754M to $655M
        Mar 24, 2022 to Mar 28, 2023
      • RAUM · $1.2B to $1.1B
        Mar 24, 2022 to Mar 28, 2023
      • Advisory employees · 6 to 7
        Mar 29, 2021 to Mar 24, 2022
      • Assets in custody · $595M to $754M
        Mar 29, 2021 to Mar 24, 2022
      • Employees · 8 to 10
        Mar 29, 2021 to Mar 24, 2022
      • Discretionary RAUM · $916M to $1.2B
        Mar 29, 2021 to Mar 24, 2022
      • HNW RAUM · $26.4M to $31.5M
        Mar 29, 2021 to Mar 24, 2022
      • Pension RAUM · $50.3M to $73.1M
        Mar 29, 2021 to Mar 24, 2022
      • Pooled vehicle RAUM · $595M to $754M
        Mar 29, 2021 to Mar 24, 2022
      • RAUM · $916M to $1.2B
        Mar 29, 2021 to Mar 24, 2022
      • Accounts · 16 to 17
        Jun 19, 2020 to Mar 29, 2021
      • Assets in custody · $505M to $595M
        Jun 19, 2020 to Mar 29, 2021
      Signals
      2 dated events
      • T•••••• I••••••••• I••• reported RAUM $533.2M, down 44% from $954.7M (2025-03-27 to 2026-03-27)
        Mar 27, 2026 · RAUM change · derived
      • T•••••• I••••••••• I••• reported RAUM $1.2B, up 30% from $915.5M (2021-03-29 to 2022-03-24)
        Mar 24, 2022 · RAUM change · derived
      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/trigran-investments-increportedpublic record, Form ADV, Sep 18, 2026
      Website
      trigraninc.com (landing page only)reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      847-656-1640reportedpublic record, Form ADV, Mar 27, 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