Aldebaran Capital, LLC

Aldebaran Capital, LLC is an SEC-registered, fee-only investment adviser that manages separate, custodial stock portfolios for individuals, high-net-worth clients, pension and profit-sharing plans, trusts, not-for-profits, and corporate accounts. The firm delivers primarily discretionary portfolio management while maintaining some non-discretionary accounts separately and does not participate in wrap fee programs.

The firm employs a fundamental, value-oriented investment process that emphasizes margin of safety and long-term holding periods, implementing portfolios composed largely of individual equity positions across small, mid, and large capitalizations. Investment decisions are driven by in-house research paid for by the firm, low turnover, and client-directed constraints established at onboarding; the firm also handles proxy voting for client holdings unless clients elect to vote themselves.

Compared with many peers, Aldebaran emphasizes direct stock selection rather than pooled vehicles or model-driven strategies and produces a detailed annual report for clients that includes holdings, performance, transactions, and a letter discussing the firm’s market views. The firm remains compact and founder-led, maintains independence from custodial research or product sales, and focuses on a concentrated, research-driven value mandate that may differ from more product-centric or higher-turnover advisory practices.