# Magnetar Financial LLC

> 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.

- CRD: 136045
- Filed as: MAGNETAR FINANCIAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Evanston, IL
- Filing period: October 2026
- Form ADV filing dated: August 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/136045
- AdvisorCensus page: https://advisorcensus.com/firm/magnetar-financial-llc-evanston-il-136045

## Quick answers

**How is Magnetar Financial LLC compensated?**
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.

**Where is Magnetar Financial LLC located?**
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).

**Is Magnetar Financial LLC registered with the SEC or a state?**
Magnetar Financial LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 136045.

**How much does Magnetar Financial LLC manage?**
Magnetar Financial LLC reports $31,989,742,362 in regulatory assets under management in its Form ADV filing dated August 5, 2026 (96% discretionary).

**How have Magnetar Financial LLC's assets and staff changed since 2021?**
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.

**What types of clients does Magnetar Financial LLC serve?**
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).

**Does Magnetar Financial 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/136045

**Does Magnetar Financial LLC state an account minimum?**
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."

**What changed in Magnetar Financial LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $26,230,760,410 to $31,989,742,362 (+22%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 5, 2026)

- Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)

> 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.

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

### Regulatory assets under management (Item 5.F)
- Total: $31,989,742,362
- Discretionary: $30,746,557,248
- Non-discretionary: $1,243,185,114

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Banking or thrift institutions | Fewer than 5 | $75,000,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 59 | $30,746,557,248 |
| Other investment advisers | 8 | $806,685,114 |
| Insurance companies | Fewer than 5 | $361,500,000 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2005 (21 years)
- Employees: 209 total, 64 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Austin, TX
- Menlo Park, CA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- magnetar.com
- LinkedIn @magnetar-capital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $25,961,351,683 | 177 | August 27, 2021 |
| October 2022 | $29,448,103,760 | 182 | July 20, 2022 |
| October 2023 | $24,747,384,065 | 190 | July 26, 2023 |
| October 2024 | $23,106,396,704 | 175 | August 8, 2024 |
| October 2025 | $26,230,760,410 | 198 | June 5, 2025 |
| October 2026 | $31,989,742,362 | 209 | August 5, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $26,230,760,410 to $31,989,742,362 (+22%).

### February 2026
- Added an office in Austin, TX.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Magnetar Financial LLC (CRD 136045): Form ADV filing data as of October 2026.