Rahlfs Capital, Llc

SEC-registered Wealth Manager · Small ($100M–$1B) CRD 127425 · SEC file 801-62163 · · WWW.RAHLFSCAPITAL.COM

☆ Save with Pro ADV data as of Mar 11, 2026

Regulatory AUM: $272M
Discretionary: $236M
Clients: 15
Avg AUM / client: $18.1M
Accounts: 37
Employees: 2

AUM over time

$176M $272M

Dec 2011 Dec 2025

Annual snapshots from Form ADV filings · as of Mar 11, 2026

Investments (13F portfolio — 86 positions, $136,105,016)

13F period Mar 31, 2026

#	Issuer	Class	Value	Shares	% of 13F	% of AUM
1	J P Morgan Exchange Traded F	ULTRA SHRT ETF	$12,750,177	251,930	9.37%	4.7%
2	Apple Inc	COM	$9,369,927	36,920	6.88%	3.45%
3	Berkshire Hathaway Inc Del	CL B NEW	$7,184,166	14,992	5.28%	2.65%
4	Exxon Mobil Corp	COM	$6,129,137	36,126	4.5%	2.26%
5	Walmart Inc	COM	$5,843,024	47,015	4.29%	2.15%
6	Alphabet Inc	CAP STK CL A	$5,304,044	18,445	3.9%	1.95%
7	Microsoft Corp	COM	$5,169,424	13,965	3.8%	1.9%
8	Vaneck Etf Trust	GOLD MINERS ETF	$4,061,281	44,255	2.98%	1.5%
9	Mcdonalds Corp	COM	$2,846,836	9,160	2.09%	1.05%
10	Southern Co	COM	$2,692,425	27,895	1.98%	0.99%
11	Janus Detroit Str Tr	HENDRSN SHRT ETF	$2,687,300	55,000	1.97%	0.99%
12	J P Morgan Exchange Traded F	EQUITY PREMIUM	$2,618,446	46,197	1.92%	0.96%
13	Verizon Communications Inc	COM	$2,554,979	50,896	1.88%	0.94%
14	Newmont Corp	COM	$2,553,076	23,585	1.88%	0.94%
15	Apa Corporation	COM	$2,491,228	58,700	1.83%	0.92%
16	Texas Instrs Inc	COM	$2,322,497	11,963	1.71%	0.86%
17	Johnson & Johnson	COM	$2,102,184	8,600	1.54%	0.77%
18	Amazon Com Inc	COM	$1,991,061	9,560	1.46%	0.73%
19	Nvidia Corporation	COM	$1,965,488	11,270	1.44%	0.72%
20	Tko Group Holdings Inc	CL A	$1,965,079	9,745	1.44%	0.72%
21	Duke Energy Corp New	COM NEW	$1,962,267	14,986	1.44%	0.72%
22	Ishares Tr	S&P 100 ETF	$1,940,227	6,100	1.43%	0.71%
23	Eog Res Inc	COM	$1,775,320	12,280	1.3%	0.65%
24	Chevron Corporation	COM	$1,669,476	8,069	1.23%	0.61%
25	Pepsico Inc	COM	$1,656,168	10,665	1.22%	0.61%

Top 25 of 86 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)	Fewer than 5 clients	$922K	0.34%
High net worth individuals	15	$152M	55.9%
Charitable organizations	Fewer than 5 clients	$563K	0.21%
Other investment advisers	Fewer than 5 clients	$118M	43.6%

People (1)

roster as of Jul 20, 2026

Name	Role / title	Credentials	With firm since	Ownership
Brian William Rahlfs	Chief Compliance Officer	CFA	Mar 2003 (23y)	75% or more

Undisclosed: 0% – 25% 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.

Documents (1 archived)

Form	Period	Size
Form ADV (full filing)	03/11/2026	901 KB	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

• Portfolio management for individuals/small businesses
• Portfolio management for businesses/institutional clients
• Publication of periodicals or newsletters
• Other services

Custody

Reported custodians

Bok Financial Corp Et Al Sec Cik 0000875357 $149M (55% of AUM) Mar 2026
Charles Schwab & Co. $118M (44% of AUM) Mar 2026
Texas Capital Bank, N.A. Sec Cik 0001077428 $53.6M (24% of AUM) Jul 2021

Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).

Firm reports it does not have 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 11, 2026.

View current Form ADV (SEC/IAPD) ↗