# Lemley Yarling Management Co

Lemley Yarling Management Co is an Asset Manager based in Chicago, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** Chicago, IL, United States
- **Assets under management:** Undisclosed
- **Website:** lemleyyarling.com

## Regulatory record

- **CRD number:** 110792
- **SEC file number:** 801-22099
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-04-21T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/110792

## About

LEMLEY YARLING MANAGEMENT CO is an SEC-registered investment adviser with $12 million in regulatory assets under management. The firm has 1 employee and 1 investment adviser. It operates with a single investment adviser.

## Sectors

- Financial Services
- Real Estate

## People

- Kelly Lemley — Principal
- David Yarling — Principal

## Questions

### What is Lemley Yarling Management Co's investment strategy?

The firm pursues a concentrated, long-only equity strategy with a value orientation, emphasizing small- and mid-cap US financial services companies. Publicly reported holdings show low turnover and multi-year holding periods. The partnership prioritizes tangible book-value metrics, deposit-franchise durability, and companies where management's incentives align closely with outside shareholders.

### In which sectors does Lemley Yarling concentrate its equity book?

Quarterly 13F filings consistently show an overweight to financial services: community and regional banks, specialty lenders, and select insurance carriers. The portfolio also includes small allocations to real estate and consumer names, but financials represent the core thematic emphasis.

### Does Lemley Yarling report its total assets under management?

No. The firm does not publicly disclose total AUM, and it is not required to do so given its regulatory filing status. Estimates cannot be reliably constructed from 13F data alone, as those filings exclude non-US securities, private placements, and short positions.

## Related profiles

- [CMG Capital Management Group](https://altss.com/profile/cmg-capital-management-group-inc)
- [Integrated Financial Resources](https://altss.com/profile/integrated-financial-resources-inc)

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

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