Wallace Capital Management, Inc.
- Regulatory AUM
- $1.5B
- Discretionary
- $1.5B
- Clients
- 487
- Avg AUM / client
- $3.1M
- Accounts
- 491
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Investments (13F portfolio — 75 positions, $870,837,984)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | White Mtns Ins Group Ltd | COM | $173,109,162 | 78,795 | 19.9% | 11.6% |
| 2 | Graham Hldgs Co | COM CL B | $163,950,104 | 155,071 | 18.8% | 11.0% |
| 3 | Berkshire Hathaway Inc Del | CL B NEW | $115,914,690 | 241,892 | 13.3% | 7.79% |
| 4 | Iac Inc | COM NEW | $44,804,698 | 1,119,278 | 5.15% | 3.01% |
| 5 | Seaboard Corp Del | COM | $41,817,929 | 7,396 | 4.8% | 2.81% |
| 6 | Johnson & Johnson | COM | $28,934,323 | 118,370 | 3.32% | 1.94% |
| 7 | Loews Corp | COM | $27,467,009 | 257,326 | 3.15% | 1.84% |
| 8 | U Haul Holding Company | COM SER N | $24,206,226 | 541,890 | 2.78% | 1.63% |
| 9 | Mohawk Inds Inc | COM | $21,047,302 | 213,765 | 2.42% | 1.41% |
| 10 | Molson Coors Beverage Co | CL B | $19,653,601 | 456,424 | 2.26% | 1.32% |
| 11 | Gci Liberty Inc | COM SER C | $19,311,953 | 518,999 | 2.22% | 1.3% |
| 12 | Republic Svcs Inc | COM | $17,549,919 | 80,129 | 2.02% | 1.18% |
| 13 | Affiliated Managers Group | COM | $17,397,356 | 62,874 | 2.0% | 1.17% |
| 14 | Ingles Mkts Inc | CL A | $17,286,432 | 192,307 | 1.99% | 1.16% |
| 15 | Cnx Res Corp | COM | $16,328,701 | 423,572 | 1.88% | 1.1% |
| 16 | Liberty Global Ltd | COM CL A | $15,562,647 | 1,287,233 | 1.79% | 1.05% |
| 17 | Post Hldgs Inc | COM | $11,682,088 | 118,168 | 1.34% | 0.78% |
| 18 | Johnson Outdoors Inc | CL A | $11,573,654 | 248,842 | 1.33% | 0.78% |
| 19 | Unilever Plc | SPON ADR NEW | $10,343,302 | 181,557 | 1.19% | 0.69% |
| 20 | Heartland Express Inc | COM | $10,099,099 | 971,067 | 1.16% | 0.68% |
| 21 | Berkshire Hathaway Inc Del | CL A | $10,053,960 | 14 | 1.15% | 0.68% |
| 22 | Liberty Global Ltd | COM CL C | $3,941,280 | 336,000 | 0.45% | 0.26% |
| 23 | Procter & Gamble Co | COM | $3,547,668 | 24,562 | 0.41% | 0.24% |
| 24 | Apple Inc | COM | $3,133,038 | 12,345 | 0.36% | 0.21% |
| 25 | Liberty Broadband Corp | COM SER C | $3,079,014 | 61,213 | 0.35% | 0.21% |
Top 25 of 75 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) | 153 | $67.0M | 4.5% |
| High net worth individuals | 262 | $912M | 61.3% |
| Pooled investment vehicles (non-investment companies) | 1 | $143M | 9.58% |
| Charitable organizations | 6 | $41.4M | 2.78% |
| Corporations and other businesses | 65 | $326M | 21.9% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $135M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Wallace Capital Management Fund, L.P. | Hedge Fund | Texas | $120M | 64 |
| Avalon Wallace Investment Fund, L.P. | Hedge Fund | Delaware | $15.3M | 20 |
People (6)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Crenshaw, Jonathon, Casey Hopkins | Shareholder | Jan 2002 (25y) | 5% – 10% | |
| Scott Trevor Wallace | President/Secretary | Jan 2002 (25y) | 50% – 75% | |
| Christopher Lee Thomason | Vice President | Jul 2004 (22y) | 10% – 25% | |
| Rosenthal, William, E. | Shareholder | Feb 2007 (20y) | 5% – 10% | |
| Estess, Blake, Henry | Chief Compliance Officer | Jan 2010 (17y) | Less than 5% | |
| Elizabeth Schulze Robison | Registered representative | CFA | Mar 2021 (5y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Estate Of Thomas D. Barrow | Shareholder | Jun 2019 | A | 10% – 25% |
Undisclosed: 0% – 20% 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.
Private funds (2, $135M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Wallace Capital Management Fund, L.P. | Hedge Fund | $120M | $1.0M | 64 |
| Avalon Wallace Investment Fund, L.P. | Hedge Fund | $15.3M | $200K | 20 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.18 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
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- Fidelity Brokerage Services $1.4B (91% of AUM) Mar 2026
- Charles Schwab & Co. $128M (9% of AUM) Mar 2026
- Northern Trust $7.6M (1% of AUM) Mar 2019
- Merrill Lynch $5.2M (0% of AUM) Mar 2026
- UBS $2.4M (0% of AUM) Feb 2021
- Texas Bank And Trust Co. $1.1M (0% of AUM) Apr 2021
- J.P. Morgan $243K (0% of AUM) Mar 2023
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: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗