Elmwood Asset Management: AUM & Ownership

Clients

Elmwood Asset Management serves 52 clients. The average client has about $467 million with the firm.

Regulatory assets by client type

Pooled investment vehicles52 clients100%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Pooled investment vehicles	52	$24,285,364,415	100.0%	$467.0M
Total	52	$24,285,364,415	100%	$467.0M

Pooled investment vehicles

Clients: 52
Regulatory AUM: $24,285,364,415
Share: 100.0%
Avg. per client: $467.0M

Total

Clients: 52
Regulatory AUM: $24,285,364,415
Share: 100%
Avg. per client: $467.0M

What it does

Elmwood Asset Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Elmwood Asset Management advises 52 private funds.

100.0% of assets ($24.29B across 52 accounts) are managed with discretion. 100% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Elmwood Asset Management does not have custody of client assets.

Managed account assets by custodian

All other custodians$24.29B100%

Ownership and leadership

Clobber Investments LLC owns 50% to 75% of Elmwood Asset Management, and Brian McNamara is its CEO.

Who owns the firm

Elmwood Asset Management LLC· the adviser

Clobber Investments LLC
Control person · since September 2023
Owns 50% to 75% of Elmwood Asset Management LLC
- C4701 Holdings LLC
  Control person · since September 2023
  Owns 75% or more of Clobber Investments LLC
  - Elmwood Manager Holdings L.P.
    Control person · since September 2023
    Owns 75% or more of C4701 Holdings LLC
    - Devonian Fund I, A Sub-Fund of Devonian Icav
      Control person · since May 2025
      Owns 50% to 75% of Elmwood Manager Holdings L.P.
      - Elliott International, L.P.
        Control person · since March 2018
        Owns 75% or more of Devonian Fund I, A Sub-Fund of Devonian Icav
    - Elliott Associates, L.P.
      Control person · since May 2025
      Owns 25% to 50% of Elmwood Manager Holdings L.P.
Christopher Marshall
Control person · since September 2018
Owns 10% to 25% of Elmwood Asset Management LLC
Brian McNamara
Control person · since July 2018
Owns 10% to 25% of Elmwood Asset Management LLC

Leadership

Brian McNamara
Chief Executive Officer / President/ Chief Investment Officer
Ryan Brown
Chief Financial Officer
Michael Holland
General Counsel / Chief Compliance Officer
Katharine Dailey
Chief Operations Officer
Patrick Frayne
Manager
Christopher Marshall
Member

Staff

45 employees
21 in advisory functions

Fees

Elmwood Asset Management is paid through a percentage of assets under management and performance-based fees.

Elmwood Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Elmwood Asset Management has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

New York · 1 listed address

575 Fifth Avenue, 34th Floor, New YorkHQ

Registration details

Legal name: Elmwood Asset Management LLC
Headquarters: 575 Fifth Avenue, 34th Floor, New York, NY 10017
Phone: 646-876-2350
Website: www.ElmwoodAsset.com
SEC file: 801-114556
Structure: Delaware LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Elmwood Asset Management have?

Elmwood Asset Management has 52 clients and manages $24.3 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 March 2026

What services does Elmwood Asset Management offer?

Elmwood Asset Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Elmwood Asset Management have?

Elmwood Asset Management has 0 investment adviser representatives registered with state securities authorities, out of 45 employees, and 21 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Elmwood Asset Management?

Elmwood Asset Management is owned through a chain of holding companies by Elliott Associates, L.P. and Elliott International Limited. Its direct owners are Christopher Marshall (10% to 25%), Brian McNamara (10% to 25%) and Clobber Investments LLC (50% to 75%).

Source: Form ADV Part 1A, Schedules A and B, filed 4 March 2026

How does Elmwood Asset Management get paid?

Elmwood Asset Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file