Investment adviser · CRD 128117

BRISTLECONE VALUE PARTNERS, LLC

Investment adviser filing (IA)

LOS ANGELES, CA, United States · Form ADV filed Feb 20, 2026

Regulatory AUM: $188M
Client accounts: 323
Employees: 3
Advisory professionals: 3

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
High-net-worth individuals	62	$175,400,000	93.1%
Individuals	28	$6,100,000	3.2%
Pooled investment vehicles	1	$5,200,000	2.8%
Charities	Fewer than 5	$1,500,000	0.8%
Corporations & businesses	Fewer than 5	$200,000	0.1%

Filing source

Form ADV 2053019 · Feb 20, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

1 Private fund

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

BRISTLECONE MICROCAP FUND, LPHedge Fund · Last reported Feb 20, 2026$5.2MGross asset value

Form D fundraising filings

Bristlecone Microcap Fund, LP

Fund administrator FORMIDIUM CORP. DOWNERS GROVE, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor CHERRY BEKAERT LLP GREENWOOD VILLAGE, Colorado, United States

Custodian INTERACTIVE BROKERS LLC GREENWICH, Connecticut, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CHERRY BEKAERT LLP
PCAOB 349

INTERACTIVE BROKERS LLC
SEC 8-47257

Fund details & source

Fund ID: 805-1243408582
Reported beneficial owners: 19
Minimum commitment: $250K
Form D file number: 021-234219

Form ADV 2053019 · Feb 20, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Feb 20, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Selection of other advisers

Compensation

Percentage of assets · Performance-based

Principal office

12301 WILSHIRE BOULEVARD, SUITE 320
LOS ANGELES, CA, 90025, United States

CRD 128117

Filing source

Form ADV 2053019 · Feb 20, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.