# Rafferty Asset Management, LLC

> Rafferty Asset Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1997, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 3, 2026.

- CRD: 112526
- Filed as: RAFFERTY ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/112526
- AdvisorCensus page: https://advisorcensus.com/firm/rafferty-asset-management-llc-new-york-ny-112526

## Quick answers

**How is Rafferty Asset Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Rafferty Asset Management, 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.

**Where is Rafferty Asset Management, LLC located?**
Rafferty Asset Management, LLC's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Rafferty Asset Management, LLC registered with the SEC or a state?**
Rafferty Asset Management, LLC is an SEC-registered investment advisory firm, registered since 1997. Status as filed: Approved. CRD 112526.

**How much does Rafferty Asset Management, LLC manage?**
Rafferty Asset Management, LLC reports $55,241,777,722 in regulatory assets under management in its Form ADV filing dated March 3, 2026 (100% discretionary).

**How have Rafferty Asset Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Rafferty Asset Management, LLC: Regulatory assets under management: $19,553,693,174 in the October 2021 data and $55,241,777,722 in the October 2026 data, up 183%. Total employees: 30 in October 2021 and 45 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Rafferty Asset Management, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (132); pooled investment vehicles (other than investment companies and business development companies) (1).

**Does Rafferty Asset 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/112526

## From the Form ADV filing

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

### Regulatory assets under management (Item 5.F)
- Total: $55,241,777,722
- Discretionary: $55,241,777,722
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Investment companies | 132 | $55,205,998,661 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $35,779,061 |

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

### Firm details
- Registered since: 1997 (29 years)
- Employees: 45 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Boston, MA
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- direxion.com
- direxionfunds.com
- direxioninvestments.com
- direxionshares.com
- reddit.com/u/DirexionETFs
- Facebook @DIREXION
- Instagram @direxionetfs
- LinkedIn @27605698
- LinkedIn @990494
- LinkedIn @direxionfunds
- X @DIREXIONLETFS
- YouTube @UCZ3CAB0CS8D_IVAIA67BUHA
- YouTube @DirexionShares

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $19,553,693,174 | 30 | March 25, 2021 |
| October 2022 | $30,964,349,620 | 30 | March 10, 2022 |
| October 2023 | $28,523,137,694 | 35 | June 15, 2023 |
| October 2024 | $38,303,627,764 | 37 | February 27, 2024 |
| October 2025 | $54,755,868,665 | 43 | July 1, 2025 |
| October 2026 | $55,241,777,722 | 45 | March 3, 2026 |

Regulatory assets under management: $19,553,693,174 in the October 2021 data and $55,241,777,722 in the October 2026 data, up 183%.
Total employees: 30 in October 2021 and 45 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Rafferty Asset Management, LLC (CRD 112526): Form ADV filing data as of October 2026.