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Aethon Energy Management
Filed as AETHON ENERGY MANAGEMENT · Legal name Aethon Energy Management LLC
Aethon Energy Management is an SEC-registered investment advisory firm in Dallas, TX, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 14, 2026.
Quick answers
From the filingHow is Aethon Energy Management compensated?
On its Form ADV (Item 5.E, October 2026), Aethon Energy Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Aethon Energy Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated August 14, 2026 states: Asset-based fee: 1.5% to 2% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Aethon Energy Management located?
Aethon Energy Management's principal office is in Dallas, TX, according to its Form ADV.
Is Aethon Energy Management registered with the SEC or a state?
Aethon Energy Management is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 173136.
How much does Aethon Energy Management manage?
Aethon Energy Management reports $700,131,864 in regulatory assets under management in its Form ADV filing dated August 14, 2026 (100% discretionary).
How have Aethon Energy Management's assets and staff changed since 2021?
In the Form ADV data for Aethon Energy Management: Regulatory assets under management: $694,119,465 in the October 2021 data and $700,131,864 in the October 2026 data, up 1%. Total employees: 11 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Aethon Energy Management serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).
Does Aethon Energy Management report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/173136
What changed in Aethon Energy Management's recent Form ADV filings?
In the September 2026 filing data: Employees performing advisory functions went from 14 to 7. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 1.5% to 2% a year (a range, as the brochure states it)
The brochure's wording
Aethon II-A is subject to a “Management Fee,” as defined in the Fund’s Governing Documents, which is initially charged as a percentage of a limited partner’s capital commitments, generally ranging from 1.5% to 2.0% depending on the size of the commitment.
As stated in the firm's Form ADV Part 2A brochure dated August 14, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$700,131,864 as of October 2026, filing dated August 14, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Aethon Energy Management LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2014 (11 years)
- Employees
- Total: 7. Performing investment advisory functions: 7.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $700,131,864 | 7 | August 14, 2026 |
| October 2025 | $610,938,465 | 184 | May 29, 2025 |
| October 2024 | $790,474,843 | 189 | March 30, 2024 |
| October 2023 | $579,276,403 | 12 | March 31, 2023 |
| October 2022 | $907,029,096 | 15 | July 7, 2022 |
| October 2021 | $694,119,465 | 11 | March 31, 2021 |
Regulatory assets under management: $694,119,465 in the October 2021 data and $700,131,864 in the October 2026 data, up 1%.
Total employees: 11 in October 2021 and 7 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- September 2026
- Employees performing advisory functions went from 14 to 7.
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 12 to 14.
- Regulatory assets under management went from $610,938,465 to $700,131,864 (+15%).
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Aethon Energy Management (CRD 173136): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/aethon-energy-management-dallas-tx-173136