Firm profile

Bridgeway Capital Management, LLC

HOUSTON, TXCRD 111441Registration Status: ApprovedEffective since August 2, 1993SEC # 801-44394Latest ADV September 16, 2026

Bridgeway Capital Management, LLC is an SEC registered investment adviser organized as a limited liability company with a primary office location in Houston, TX. Its latest Form ADV filing, dated September 16, 2026, reports $4.3B in regulatory assets under management, 23 employees, 1 office, and 23 accounts.

Assets Under Management
$4.3B
Employees
23
Offices
1 office
Total Clients
23

Associated firm names

2 names listed
  • BRIDGEWAY CAPITAL MANAGEMENT INC
  • BRIDGEWAY CAPITAL MANAGEMENT, LLC

Leadership

3 roles identified
CEOJohn N. R. Montgomery
CCOBrianne Darragh
COOLinda G. Giuffre

Advisory services offered

4 types reported
Portfolio management for businesses
Portfolio management for individuals and small businesses
Portfolio management for investment companies

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

HOUSTON, Texas, United States

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Texas

HOUSTONPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$4.3Bas of September 16, 2026
Discretionary100.0%
$4.3B
100% of total RAUM100.0%
Non-discretionary0.0%
$0
0% of total RAUM0.0%
All regulatory assets under management are discretionary.

Client Coverage Demographics

Top client segmentHNWI represent 43.5% of total clients.
Top client categories% of clientsClients
1
HNWI
43.5%
10
2
Investment Cos.
34.8%
8
3
PROPRIETARY ACCOUNTS
13.0%
3
4
Pooled Investment Vehicles
4.3%
1
5
Charitable
4.3%
1
Categories with <5 clients
Charitable Organizations<5 clients

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$4.3B
Total Accounts23
10Y AUM Change$-3.5B (-45.1%)

Private Funds

Private funds reported by Bridgeway Capital Management, LLC

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees23
Clients per Employee1:1
10Y Employee Change-6 (-20.7%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
BRIDGEWAY INVESTMENTS, INC.Direct owner · Schedule AInterest in BRIDGEWAY CAPITAL MANAGEMENT, LLC
75%+
JOHN NOLAND RYAN MONTGOMERYIndirect owner · Schedule BInterest in BRIDGEWAY INVESTMENTS, INC.
50% to < 75%

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Bridgeway Capital Management, LLC.

Reported ownership and control details

Form ADV · Filing date 2026-09-16 · Schedules A and B

18 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1BRIDGEWAY INVESTMENTS, INC.SOLE MEMBERDomestic entityBRIDGEWAY CAPITAL MANAGEMENT, LLC75% or moreCode EYesSOLE MEMBER12/2020Schedule APDF page 27
2JOHN NOLAND RYAN MONTGOMERYPRESIDENT, CHIEF EXECUTIVE OFFICER AND PORTFOLIO MANAGERIndividualBRIDGEWAY CAPITAL MANAGEMENT, LLCLess than 5%Code NAYesPRESIDENT, CHIEF EXECUTIVE OFFICER AND PORTFOLIO MANAGER07/1993Schedule APDF page 27
3LINDA GAIL GIUFFRECHIEF OPERATING OFFICERIndividualBRIDGEWAY CAPITAL MANAGEMENT, LLCLess than 5%Code NAYesCHIEF OPERATING OFFICER09/2020Schedule APDF page 27
4VON DEVANTHINI CELESTINEVICE-PRESIDENT, TREASURER AND SECRETARYIndividualBRIDGEWAY CAPITAL MANAGEMENT, LLCLess than 5%Code NAYesVICE-PRESIDENT, TREASURER AND SECRETARY12/2006Schedule APDF page 27
5BRIANNE DARRAGHVICE-PRESIDENT AND CHIEF COMPLIANCE OFFICERIndividualBRIDGEWAY CAPITAL MANAGEMENT, LLCLess than 5%Code NAYesVICE-PRESIDENT AND CHIEF COMPLIANCE OFFICER05/2025Schedule APDF page 27
6RYAN ALEXANDER BAILEYDIRECTOR AND CHAIR OF THE BOARDIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FNoDIRECTOR AND CHAIR OF THE BOARD02/2021Schedule BPDF page 28
7JOHN NOLAND RYAN MONTGOMERYPRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTORIndividualBRIDGEWAY INVESTMENTS, INC.50% to less than 75%Code DYesPRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR12/2020Schedule BPDF page 28
8ANN MCKEE MONTGOMERYDIRECTORIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FNoDIRECTOR12/2020Schedule BPDF page 28
9LINDA GAIL GIUFFRECHIEF OPERATING OFFICERIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FYesCHIEF OPERATING OFFICER09/2020Schedule BPDF page 28
10VON DEVANTHINI CELESTINEVICE PRESIDENT, TREASURER, SECRETARY AND DIRECTORIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FYesVICE PRESIDENT, TREASURER, SECRETARY AND DIRECTOR12/2020Schedule BPDF page 28
11ELENA KHOZIAEVADIRECTORIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FYesDIRECTOR12/2023Schedule BPDF page 28
12BRIDGEWAY CAPITAL MANAGEMENT, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTSHAREHOLDERDomestic entityBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FNoSHAREHOLDER12/2020Schedule BPDF page 28
13THE BRIDGEWAY SPECIAL PURPOSE TRUSTSHAREHOLDERDomestic entityBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FNoSHAREHOLDER12/2020Schedule BPDF page 28
14JOHN NOLAND RYAN MONTGOMERYTRUSTEEIndividualTHE BRIDGEWAY SPECIAL PURPOSE TRUSTPercentage not specifiedCode FNoTRUSTEE12/2020Schedule BPDF page 28
15ANN MCKEE MONTGOMERYTRUSTEEIndividualTHE BRIDGEWAY SPECIAL PURPOSE TRUSTPercentage not specifiedCode FNoTRUSTEE12/2020Schedule BPDF page 28
16SHANNON SEDGWICK DAVISTRUSTEEIndividualTHE BRIDGEWAY SPECIAL PURPOSE TRUSTPercentage not specifiedCode FNoTRUSTEE12/2020Schedule BPDF page 28
17MERRILLYN JEAN KOSIERDIRECTORIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FNoDIRECTOR12/2024Schedule BPDF page 28
18BRIANNE DARRAGHVICE PRESIDENT AND CHIEF COMPLIANCE OFFICERIndividualBRIDGEWAY INVESTMENTS, INC.Percentage not specifiedCode FYesVICE PRESIDENT AND CHIEF COMPLIANCE OFFICER05/2025Schedule BPDF page 28

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 9/16/2026 10:05:02 AM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.