{
  "crd_number": 136045,
  "slug": "magnetar-financial-llc-evanston-il-136045",
  "primary_business_name": "MAGNETAR FINANCIAL LLC",
  "legal_name": "MAGNETAR FINANCIAL LLC",
  "dbas": [],
  "city": "Evanston",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-08-30",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-08-05",
  "carried_forward": false,
  "raum_total": 31989742362.0,
  "raum_discretionary": 30746557248.0,
  "raum_non_discretionary": 1243185114.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 209,
  "advisory_employees": 64,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "banking_thrift": {
      "raum": 75000000.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 361500000.0,
      "count": null,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 806685114.0,
      "count": 8
    },
    "pooled_investment_vehicles": {
      "raum": 30746557248.0,
      "count": 59
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/magnetar-capital",
    "https://magnetar.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136045",
  "city_as_filed": "EVANSTON",
  "url": "https://advisorcensus.com/firm/magnetar-financial-llc-evanston-il-136045",
  "display_name": "Magnetar Financial LLC",
  "summary": "Magnetar Financial LLC is an SEC-registered investment advisory firm in Evanston, IL, registered since 2005, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 5, 2026.",
  "citation": "AdvisorCensus. Magnetar Financial LLC (CRD 136045): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Magnetar Financial LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Magnetar Financial LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other."
    },
    {
      "q": "Where is Magnetar Financial LLC located?",
      "a": "Magnetar Financial LLC's principal office is in Evanston, IL, according to its Form ADV; the September 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Magnetar Financial LLC registered with the SEC or a state?",
      "a": "Magnetar Financial LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136045."
    },
    {
      "q": "How much does Magnetar Financial LLC manage?",
      "a": "Magnetar Financial LLC reports $31,989,742,362 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (96% discretionary)."
    },
    {
      "q": "How have Magnetar Financial LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Magnetar Financial LLC: Regulatory assets under management: $25,961,351,683 in the October 2021 data and $31,989,742,362 in the October 2026 data, up 23%. Total employees: 177 in October 2021 and 209 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Magnetar Financial LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (59); other investment advisers (8)."
    },
    {
      "q": "Does Magnetar Financial LLC report any disciplinary disclosures?",
      "a": "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/136045"
    },
    {
      "q": "Does Magnetar Financial LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 5, 2026 says: \"The minimum initial investment in the Funds is generally $5 million, subject to change or waiver at the discretion of Magnetar and/or the Fund’s Board of Directors.\""
    },
    {
      "q": "What changed in Magnetar Financial LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $26,230,760,410 to $31,989,742,362 (+22%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 25961351683.0,
      "total_employees": 177,
      "filing_date": "2021-08-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 29448103760.0,
      "total_employees": 182,
      "filing_date": "2022-07-20"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 24747384065.0,
      "total_employees": 190,
      "filing_date": "2023-07-26"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 23106396704.0,
      "total_employees": 175,
      "filing_date": "2024-08-08"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 26230760410.0,
      "total_employees": 198,
      "filing_date": "2025-06-05"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 31989742362.0,
      "total_employees": 209,
      "filing_date": "2026-08-05"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $26,230,760,410 to $31,989,742,362 (+22%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Added an office in Austin, TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 5, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$5,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The minimum initial investment in the Funds is generally $5 million, subject to change or waiver at the discretion of Magnetar and/or the Fund’s Board of Directors."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 5000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The minimum initial investment in the Funds is generally $5 million, subject to change or waiver at the discretion of Magnetar and/or the Fund’s Board of Directors."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/magnetar-financial-llc-evanston-il-136045.md",
  "clients": [
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 75000000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 59,
      "fewer_than_5": false,
      "raum": 30746557248.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 8,
      "fewer_than_5": false,
      "raum": 806685114.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": null,
      "fewer_than_5": true,
      "raum": 361500000.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/136045",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}