# Dobson Asset Management

Dobson Asset Management is a Bank / Wealth / Trust based in Petaluma, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Petaluma, United States
- **Region:** North America
- **Address:** Petaluma, CA, United States
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** dobsonam.com
- **LinkedIn:** https://www.linkedin.com/company/dobson-asset-management

## Regulatory record

- **CRD number:** 112079
- **SEC file number:** 801-51693
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-30T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/112079

## About

Dobson Asset Management is an SEC-registered investment adviser in Petaluma, CA, registered since 1996. The firm manages $218 million in assets, with $216 million on a discretionary basis. It has 3 employees and 2 investment advisers.

## Questions

### What investment strategy does Dobson Asset Management employ?

The firm runs a concentrated, long-only equity value strategy. It selects 20 to 35 positions based on fundamental analysis, targeting companies with durable competitive advantages and strong free cash flow that are trading at a discount to estimated intrinsic value. The approach emphasizes long holding periods and low portfolio turnover.

### Who runs investment decisions at Dobson Asset Management?

The firm's investment decisions are made by its principal portfolio managers, who conduct the original research and construct client portfolios. Dobson maintains a flat organizational structure where the individuals analyzing securities are the same people making buy and sell decisions — a structure common among small, owner-operated investment boutiques.

### Where does Dobson Asset Management source its investment ideas?

The firm generates ideas through proprietary, bottom-up fundamental research. It screens for companies meeting specific financial criteria — consistent returns on capital, strong balance sheets, and shareholder-aligned management — before conducting deep-dive analysis on business models, industry dynamics, and valuation. No external research aggregators or quantitative models drive the process.

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Last updated: 2026-06-03T20:00:00.000Z

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