Oarsman Capital, Inc
- Regulatory AUM
- $1.2B
- Discretionary
- $1.1B
- Clients
- 676
- Avg AUM / client
- $1.7M
- Accounts
- 2,256
- Employees
- 21
AUM over time
Annual snapshots from Form ADV filings · as of May 22, 2026
Investments (13F portfolio — 235 positions, $805,532,165)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Core U.S. Aggregate Bond Etf | ETF | $90,882,983 | 915,513 | 11.3% | 7.79% |
| 2 | Schwab International Equity Etf | ETF | $69,462,218 | 2,806,554 | 8.62% | 5.95% |
| 3 | Vanguard Value Etf | ETF | $61,660,379 | 314,273 | 7.65% | 5.28% |
| 4 | State Street Spdr Portfolio S&P 500 Growth Etf | ETF | $53,166,085 | 543,010 | 6.6% | 4.56% |
| 5 | State Street Spdr Portfolio S&P 400 Mid Cap Etf | ETF | $34,959,242 | 590,328 | 4.34% | 3.0% |
| 6 | Invesco S&P 500 Equal Weight Etf | ETF | $32,205,642 | 167,808 | 4.0% | 2.76% |
| 7 | Ishares Intermediate Government/Credit Bond Etf | ETF | $30,588,621 | 286,732 | 3.8% | 2.62% |
| 8 | State Street Spdr Portfolio S&P 600 Small Cap Etf | ETF | $26,556,476 | 549,596 | 3.3% | 2.28% |
| 9 | Alphabet Inc Cap Stk Cl C | Stock | $18,978,262 | 66,159 | 2.36% | 1.63% |
| 10 | Ishares Core S&P 500 Etf | ETF | $15,567,442 | 23,832 | 1.93% | 1.33% |
| 11 | Cohen & Steers Short Duration Preferred And Income Active Etf | ETF | $14,294,059 | 571,991 | 1.77% | 1.22% |
| 12 | State Street Spdr Portfolio S&P 500 Etf | ETF | $13,358,826 | 174,534 | 1.66% | 1.14% |
| 13 | Apple Inc Com | Stock | $12,790,274 | 50,397 | 1.59% | 1.1% |
| 14 | Ishares Msci Emerging Markets Ex China Etf | ETF | $12,782,765 | 162,507 | 1.59% | 1.1% |
| 15 | Nvidia Corporation Com | Stock | $12,318,401 | 70,633 | 1.53% | 1.06% |
| 16 | Microsoft Corp Com | Stock | $11,362,655 | 30,696 | 1.41% | 0.97% |
| 17 | Wisdomtree True Emerging Markets Fund | ETF | $11,069,449 | 354,790 | 1.37% | 0.95% |
| 18 | Goldman Sachs Physical Gold Etf | ETF | $8,854,808 | 191,704 | 1.1% | 0.76% |
| 19 | Jpmorgan Ultra Short Income Etf | ETF | $7,957,832 | 157,238 | 0.99% | 0.68% |
| 20 | Broadcom Inc Com | Stock | $7,827,209 | 25,289 | 0.97% | 0.67% |
| 21 | Amazon Com Inc Com | Stock | $6,308,920 | 30,292 | 0.78% | 0.54% |
| 22 | Invesco Equal Weight Energy Etf | ETF | $6,131,216 | 56,008 | 0.76% | 0.53% |
| 23 | Alphabet Inc Cap Stk Cl A | Stock | $6,097,540 | 21,204 | 0.76% | 0.52% |
| 24 | Walmart Inc Com | Stock | $5,484,605 | 44,131 | 0.68% | 0.47% |
| 25 | Caterpillar Inc Com | Stock | $5,473,587 | 7,726 | 0.68% | 0.47% |
Top 25 of 235 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 314 | $121M | 10.3% |
| High net worth individuals | 356 | $1.0B | 89.1% |
| Pension and profit sharing plans | Fewer than 5 clients | $716K | 0.06% |
| Charitable organizations | 6 | $5.1M | 0.44% |
| Corporations and other businesses | Fewer than 5 clients | $451K | 0.04% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| United Airlines Pilot Retirement Account Plan United Airlines, Inc. | 2024 |
People (16)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Robert Wylie Phelps | President | Sep 2000 (26y) | 25% – 50% | |
| Benjamin Jerome Kebbekus | Vice President And Director Of Research | Mar 2005 (21y) | 10% – 25% | |
| Derek Joseph Pawlak | Vice President And Chief Compliance Officer | Sep 2022 (4y) | 10% – 25% | |
| Peter Francis Schumacher | Shareholder | Nov 2022 (4y) | 5% – 10% | |
| Charles Allard Allison | Chuck A. Allison, Trustee | CFP Chartered Financial Consultant | Jan 2023 (4y) | GP / trustee / elected manager of Allison Family Trust (indirect) |
| Jaclyn Ariella Gruber | Shareholder | Jan 2023 (4y) | 5% – 10% | |
| Cleary, Michael, Joseph | Michael J. Cleary, Trustee | Aug 2023 (3y) | GP / trustee / elected manager of Michael J. Cleary Living Trust (indirect) | |
| Warner, Robert, Leslie | Robert L. Warner, Trustee | Jul 2024 (2y) | GP / trustee / elected manager of Warner Living Trust (indirect) | |
| Brent Victor Schneider | Registered representative | Oct 2004 (22y) | ||
| Peter Scott Lautmann | Registered representative | Jul 2015 (11y) | ||
| Eric James Suttmiller | Registered representative | Aug 2021 (5y) | ||
| Kurt Mihelich | Registered representative | Jun 2024 (2y) | ||
| Joshua R Bruckert | Registered representative | Aug 2024 (2y) | ||
| Tyler Steven Skutnik | Registered representative | Aug 2024 (2y) | ||
| Jacob Robert Sheaf | Registered representative | Chartered Financial Consultant | Jan 2026 (1y) | |
| Carter Abbott | Registered representative | May 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Michael J. Cleary Living Trust | Shareholder | Aug 2023 | A | 5% – 10% |
| Grunau, Paul, William | Shareholder | Aug 2023 | A | 5% – 10% |
| Allison Family Trust | Shareholder | Apr 2024 | A | 5% – 10% |
| Warner Living Trust | Shareholder | Jul 2024 | A | 5% – 10% |
| Schumacher, Dana, Seal | Shareholder | Sep 2023 | A | 5% – 10% |
| Hartgrunau, Jeanie, Marie | Shareholder | Aug 2023 | A | 5% – 10% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| United Airlines Pilot Retirement Account Plan | United Airlines, Inc. | 17,444 | $16.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/22/2026 | 1.06 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $923M (79% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 22, 2026.
View current Form ADV (SEC/IAPD) ↗