{
  "crd_number": 281689,
  "slug": "main-management-fund-advisors-llc-san-francisco-ca-281689",
  "primary_business_name": "MAIN MANAGEMENT FUND ADVISORS, LLC",
  "legal_name": "MAIN MANAGEMENT FUND ADVISORS, LLC",
  "dbas": [],
  "city": "San Francisco",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2015-10-13",
  "years_registered": 10,
  "period": "2026-10-01",
  "filing_date": "2026-09-04",
  "carried_forward": false,
  "raum_total": 1011255965.0,
  "raum_discretionary": 1011255965.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 27,
  "advisory_employees": 25,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 1011255965.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://mainmgtetfs.com/buyw"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/281689",
  "city_as_filed": "SAN FRANCISCO",
  "url": "https://advisorcensus.com/firm/main-management-fund-advisors-llc-san-francisco-ca-281689",
  "display_name": "Main Management Fund Advisors, LLC",
  "summary": "Main Management Fund Advisors, LLC is an SEC-registered investment advisory firm in San Francisco, CA, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 4, 2026.",
  "citation": "AdvisorCensus. Main Management Fund Advisors, LLC (CRD 281689): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Main Management Fund Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Main Management Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Main Management Fund Advisors, LLC located?",
      "a": "Main Management Fund Advisors, LLC's principal office is in San Francisco, CA, according to its Form ADV."
    },
    {
      "q": "Is Main Management Fund Advisors, LLC registered with the SEC or a state?",
      "a": "Main Management Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281689."
    },
    {
      "q": "How much does Main Management Fund Advisors, LLC manage?",
      "a": "Main Management Fund Advisors, LLC reports $1,011,255,965 in regulatory assets under management in its Form ADV filing dated September 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have Main Management Fund Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Main Management Fund Advisors, LLC: Regulatory assets under management: $60,303,012 in the October 2021 data and $1,011,255,965 in the October 2026 data, up 1577%. Total employees: 15 in October 2021 and 27 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Main Management Fund Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Main Management Fund Advisors, 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/281689"
    },
    {
      "q": "What changed in Main Management Fund Advisors, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 60303012.0,
      "total_employees": 15,
      "filing_date": "2021-03-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 135015222.0,
      "total_employees": 18,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 161964799.0,
      "total_employees": 18,
      "filing_date": "2023-03-30"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 370451185.0,
      "total_employees": 19,
      "filing_date": "2024-09-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 582146050.0,
      "total_employees": 22,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1011255965.0,
      "total_employees": 27,
      "filing_date": "2026-09-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 20 to 25.",
        "Regulatory assets under management went from $582,146,050 to $1,011,255,965 (+74%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/main-management-fund-advisors-llc-san-francisco-ca-281689.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1011255965.0
    }
  ],
  "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/281689",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}