9AT: CAPITAL COUNSEL LLC

other names

CAPITAL COUNSEL LLC

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 10/06/1999
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	2,874,453,202 24%
of that, discretionary	2,863,252,858 23%
Private Fund GAV^*	404,281,068 13%
Avg Account Size	3,661,724 7%
% High Net Worth	87.28% 2%
SMA’s	Yes
Private Funds	3

Adviser Type

- Large advisory firm

Number of Employees 13 -7%

of those in investment advisory functions 6 -50%

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Publication of periodicals or newsletters

Compensation Arrangments

- A percentage of assets under your management

SEC Fund Type	Count	GAV
Fund TypeOther Private Fund	Count3	GAV$404,281,068

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser FRONTIER INVESTMENT MANAGEMENT PARTNERS LTD.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund355.6m	Total Private Fund GAV355.6m	AUM2.5b	#Funds2
Adviser CAPE ANN ASSET MANAGEMENT	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.8b	Total Private Fund GAV1.8b	AUM2.3b	#Funds4
Adviser CORDIANT CAPITAL INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund61.9m	Total Private Fund GAV61.9m	AUM61.9m	#Funds2
Adviser SMITH GROUP ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM2.2b	#Funds-
Adviser WINCORAM ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund12.4m	Total Private Fund GAV12.4m	AUM8.2b	#Funds2
Adviser HUDSON EDGE INVESTMENT PARTNERS, INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.7b	Total Private Fund GAV1.7b	AUM2.9b	#Funds1
Adviser S & CO., INC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund821.2m	Total Private Fund GAV821.2m	AUM2.5b	#Funds6
Adviser SAWGRASS ASSET MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund8.4m	Total Private Fund GAV8.4m	AUM2.0b	#Funds1
Adviser TA REALTY LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund1.5b	Total Private Fund GAV1.5b	AUM1.5b	#Funds17
Adviser WINDSOR ADVISORY GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund270.7m	Total Private Fund GAV270.7m	AUM2.9b	#Funds5

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker02079K107	Stock NameALPHABET INC CL C	$ Position$297,219,111	% Position13.00%	$ Change-15.00%	# Change-7.00%
Stck Ticker040413205	Stock NameARISTA NETWORKS, INC.	$ Position$242,714,696	% Position10.00%	$ Change-8.00%	# Change-1.00%
Stck Ticker12572q105	Stock NameCME GROUP INC COM	$ Position$235,598,346	% Position10.00%	$ Change7.00%	# Change-1.00%
Stck Ticker22160K105	Stock NameCOSTCO WHSL CORP NEW COM	$ Position$237,602,719	% Position10.00%	$ Change14.00%	# Change-1.00%
Stck Ticker45168d104	Stock NameIDEXX LABS INC COM	$ Position$236,103,369	% Position10.00%	$ Change-18.00%	# Change-2.00%
Stck Ticker92826c839	Stock NameVISA INC COM CL A	$ Position$222,613,965	% Position9.00%	$ Change-14.00%	# Change-1.00%
Stck Ticker594918104	Stock NameMICROSOFT CORP COM	$ Position$181,977,053	% Position8.00%	$ Change-22.00%	# Change2.00%
Stck Ticker592688105	Stock NameMETTLER TOLEDO INTERNATIONAL C	$ Position$175,791,101	% Position7.00%	$ Change-11.00%	# Change-1.00%
Stck Ticker053015103	Stock NameAUTOMATIC DATA PROCESSING INC	$ Position$137,280,192	% Position6.00%	$ Change-23.00%	# Change-3.00%
Stck Ticker437076102	Stock NameHOME DEPOT INC COM	$ Position$93,094,617	% Position4.00%	$ Change-7.00%	# Change-2.00%

Brochure Summary

Overview

Firm Description Capital Counsel LLC (“Capital Counsel”), established in 1999, is an SEC-registered investment adviser under the Investment Advisers Act of 1940. Principal Owners Capital Counsel was founded in 1999 by F Randall Smith, Terence S. Greene, James I. Magid and Lauren Blum. It remains majority-owned by its employees. Types of Advisory Services Capital Counsel provides asset management services by implementing one investment strategy focused on disciplined valuation-based fundamental analysis and patient execution. Capital Counsel’s investment expertise lies in evaluating individual businesses to determine their ability to generate free cash flow that company management can reinvest in the business to generate sustained profit growth. Belle Meade Associates, Belle Meade Associates NT, and Belle Meade Associates NY are Limited Partnerships for which Capital Counsel serves as the general partner. For more details see Other Financial Industry Activities and Affiliations section and Methods of Analysis, Investment Strategies and Risk of Loss section. Capital Counsel offers discretionary asset management services to employee benefit plans covered under the Employee Retirement Income Securities Act (“ERISA”). The services provided and compensation

policies are described in this Form ADV Part 2A and in client engagement letters. As it relates to ERISA accounts, Capital Counsel does not expect to receive any direct or indirect compensation outside of what is specifically described in this document. Upon request, Capital Counsel offers financial planning services including advice on retirement, tax, and estate planning, charitable giving, budgeting, and liquidity. Capital Counsel can recommend competent tax, accounting, and legal professionals to its clients. We are neither attorneys nor accountants. Tailored Relationships Clients retain Capital Counsel on a discretionary basis to determine and direct execution of portfolio transactions without consultation on a transaction-by- transaction basis. Most clients leave to Capital Counsel the selection of broker- dealers who are to execute portfolio transactions. Under certain circumstances Capital Counsel may allow clients to adjust their portfolio holdings based upon individual wishes. Assets Under Management As of December 31, 2023, Capital Counsel managed approximately $2,319.2 million on a discretionary basis primarily for individuals, families, foundations, and endowments. It also managed approximately $7.3 million on a non-discretionary basis.

CAPITAL COUNSEL LLC

Adviser Profile

Details

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Client Types

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Compensation Arrangments

Reported AUM

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