# Ellington Financial Management LLC

> Ellington Financial Management LLC is an SEC-registered investment advisory firm in Old Greenwich, CT, registered since 2009, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 150510
- Filed as: ELLINGTON FINANCIAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Old Greenwich, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/150510
- AdvisorCensus page: https://advisorcensus.com/firm/ellington-financial-management-llc-old-greenwich-ct-150510

## Quick answers

**How is Ellington Financial Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Ellington Financial Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Ellington Financial Management LLC charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1.5% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Ellington Financial Management LLC located?**
Ellington Financial Management LLC's principal office is in Old Greenwich, CT, according to its Form ADV.

**Is Ellington Financial Management LLC registered with the SEC or a state?**
Ellington Financial Management LLC is an SEC-registered investment advisory firm, registered since 2009. Status as filed: Approved. CRD 150510.

**How much does Ellington Financial Management LLC manage?**
Ellington Financial Management LLC reports $19,352,910,000 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Ellington Financial Management LLC's assets and staff changed since 2021?**
In the Form ADV data for Ellington Financial Management LLC: Regulatory assets under management: $3,413,863,000 in the October 2021 data and $19,352,910,000 in the October 2026 data, up 467%. Total employees: 142 in October 2021 and 164 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ellington Financial Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Ellington Financial Management LLC 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/150510

**What changed in Ellington Financial Management LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $16,317,028,000 to $19,352,910,000 (+19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 1.5% of assets a year

> Ellington is compensated for providing services to EFC pursuant to a management agreement under which Ellington receives a base management fee quarterly in arrears in an amount equal to 1.50% per annum of the stockholders equity of EFC’s operating partnership

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $19,352,910,000
- Discretionary: $19,352,910,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $19,352,910,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2009 (16 years)
- Employees: 164 total, 68 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CT
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [ellington.com](https://ellington.com)
- [ellingtonfinancial.com](https://ellingtonfinancial.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,413,863,000 | 142 | May 26, 2021 |
| October 2022 | $5,177,419,000 | 173 | March 29, 2022 |
| October 2023 | $14,085,886,000 | 162 | March 30, 2023 |
| October 2024 | $15,315,930,000 | 162 | March 27, 2024 |
| October 2025 | $16,317,028,000 | 160 | March 31, 2025 |
| October 2026 | $19,352,910,000 | 164 | March 30, 2026 |

Regulatory assets under management: $3,413,863,000 in the October 2021 data and $19,352,910,000 in the October 2026 data, up 467%.
Total employees: 142 in October 2021 and 164 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $16,317,028,000 to $19,352,910,000 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ellington Financial Management LLC (CRD 150510): Form ADV filing data as of October 2026.