QST Capital LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$2,591,000
Clients
14
Advisors
2
of 3 employees
About
QST Capital LLC provides discretionary portfolio management and advisory services to a mix of individual clients (including high‑net‑worth and non‑HNW investors), retirement accounts, other investment advisers, and institutional clients. The firm also acts as investment adviser to two private limited partnerships and offers both separately managed accounts and pooled investment vehicles.
Its investment approach is quantitatively driven, combining systematic models with discretionary decision‑making to implement tactical equity exposure adjustments and cross‑asset hedging. Strategies may deploy leveraged and inverse ETFs, fixed‑income and credit instruments, and derivatives such as options and futures across both pooled funds and separately managed accounts.
QST is distinctive among peers in that it operates as a private fund adviser and manages pooled vehicles while also offering performance‑based fee arrangements and publishing predecessor and hypothetical performance results — practices that are uncommon for firms of its size. The firm’s principals serve as general partner to the funds, the adviser at times uses derivatives in separately managed accounts, and it maintains a relatively small client base and asset level, which can make access to certain strategies selective.
Client services
Expertise
Fee options
$0+: 2.50% annually (standard clients, negotiable) $1,400,000+: 1.50% annually (Qualified Clients, reduced fee)
For Qualified Clients: Up to 20.0% of net profits quarterly, with 1.50% annual management fee. For Partnerships: General Partner receives 20% performance allocation on profits above hurdle.
Account minimum: $250,000
Main office
315 Montgomery Street, Suite 900
San Francisco CA 94104
Advisors at this office
2
Most active in
California · Minnesota
Also doing business as
Qst · Qst Capital · Qst Capital LLC · Qst Capital, Lp
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
Quick links
Advisors at this firm
Kyle S
Series 66
San Francisco, CA
QST Capital LLC
Kyle Shealer is a financial advisor at QST Capital LLC with 18 years of industry experience. He holds a Series 66 designation and has worked at QST Capital since 2017. Prior to that, he was associated with Sanctuary Wealth Advisors LLC and SANCTUARY SECURITIES, llc from 2012 to 2016. QST Capital LLC provides discretionary portfolio management and advisory services to individual clients, retirement accounts, other advisers, and institutional clients. The firm uses a quantitatively driven investment approach combining systematic models with discretionary decisions, managing both pooled funds and separately managed accounts with strategies that include leveraged and inverse ETFs, fixed income, credit instruments, and derivatives.
Luke C
Series 65
San Francisco, CA
QST Capital LLC
Luke Carlson is a financial advisor with QST Capital LLC who holds a Series 65 designation and has nine years of industry experience. His previous experience includes a one-year role at Ernst & Young. In addition to his advisory work, he serves as a treasury consultant, providing strategic guidance on treasury technology and internal programs to various corporate management teams. QST Capital LLC offers discretionary portfolio management and advisory services to individual clients, retirement accounts, other advisers, and institutional clients. The firm employs a quantitatively driven investment approach that combines systematic models with discretionary decisions, utilizing a range of instruments including leveraged ETFs and derivatives across both pooled funds and separately managed accounts.
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