# Millburn Ridgefield LLC

> Millburn Ridgefield LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 20, 2026.

- CRD: 148870
- Filed as: MILLBURN RIDGEFIELD LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: May 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/148870
- AdvisorCensus page: https://advisorcensus.com/firm/millburn-ridgefield-llc-new-york-ny-148870

## Quick answers

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

**How much does Millburn Ridgefield LLC charge?**
Its Form ADV Part 2A brochure dated March 26, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Millburn Ridgefield LLC located?**
Millburn Ridgefield LLC's principal office is in New York, NY, according to its Form ADV.

**Is Millburn Ridgefield LLC registered with the SEC or a state?**
Millburn Ridgefield LLC is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 148870.

**How much does Millburn Ridgefield LLC manage?**
Millburn Ridgefield LLC reports $8,668,285,225 in regulatory assets under management in its Form ADV filing dated May 20, 2026 (100% discretionary).

**How have Millburn Ridgefield LLC's assets and staff changed since 2021?**
In the Form ADV data for Millburn Ridgefield LLC: Regulatory assets under management: $2,877,555,610 in the October 2021 data and $8,668,285,225 in the October 2026 data, up 201%. Total employees: 54 in October 2021 and 59 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Millburn Ridgefield LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6); investment companies (3).

**Does Millburn Ridgefield 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/148870

**What changed in Millburn Ridgefield LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 23 to 25. Updated its list of owners and control persons (Schedule A).

## 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 26, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Generally, asset-based fees range from 0% up to 2% (per annum).

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

### Regulatory assets under management (Item 5.F)
- Total: $8,668,285,225
- Discretionary: $8,668,285,225
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | Fewer than 5 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 3 | $8,416,267,000 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $252,018,225 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2002 (24 years)
- Employees: 59 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- millburn.com
- millburncorp.com
- LinkedIn @millburnridgefieldllc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,877,555,610 | 54 | June 24, 2021 |
| October 2022 | $3,556,297,847 | 51 | April 28, 2022 |
| October 2023 | $6,189,167,608 | 55 | May 1, 2023 |
| October 2024 | $6,840,790,863 | 54 | September 9, 2024 |
| October 2025 | $8,966,474,162 | 56 | April 30, 2025 |
| October 2026 | $8,668,285,225 | 59 | May 20, 2026 |

Regulatory assets under management: $2,877,555,610 in the October 2021 data and $8,668,285,225 in the October 2026 data, up 201%.
Total employees: 54 in October 2021 and 59 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 23 to 25.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Millburn Ridgefield LLC (CRD 148870): Form ADV filing data as of October 2026.