Pinyon Pine Capital LLC
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About
Pinyon Pine Capital LLC provides discretionary equity portfolio management to individuals, trusts, family offices and institutional investors, operating several separately managed strategies — long-only, a hedged overlay, a highly concentrated long-only product, and a concentrated dividend strategy. The firm manages a small client base with AUM in the tens of millions and generally requires clients to establish custody at specified broker-dealers for account management.
The firm’s investment process is a fundamental, research-driven approach that screens for companies with high free cash flow yields and the ability to reinvest cash flow at attractive returns; portfolios are typically concentrated and managed with multi‑year holding horizons to emphasize tax efficiency in selected strategies. For clients who choose the hedged strategy, managers overlay short ETF exposure to reduce market risk, use block trades, and employ tax‑loss harvesting techniques on the short side to manage after‑tax outcomes.
Compared with many peers, the firm uses performance‑based compensation arrangements and includes detailed performance calculation disclosures and examples (including high‑water mark and benchmark‑relative treatments) in its brochure materials, and it also makes performance information available publicly. The adviser is affiliated with another investment adviser that manages a pooled vehicle and shares personnel and administrative resources, and its client and fee policies indicate it does not typically serve retail, non–high‑net‑worth individuals.
Client services
Expertise
Fee options
Long-Only and HCLO Strategies: 20% of net excess return over Russell 3000 Value Index; Hedged Strategy: 10% of net return after management fee.
Account minimum: $1,000,000
Main office
191 East Sun Valley Road, Suite 204
Ketchum ID 83340
Advisors at this office
2
Most active in
California · Idaho
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
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