Extract Advisors provides portfolio management for pooled vehicles. The firm advises 4 private funds.
Extract Advisors reports 5 pooled investment vehicles. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($914M across 7 accounts) are managed with discretion. Of its clients, 20% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Pooled investment vehicles | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Pooled investment vehicles | 5 | $914M | 100.0% | $183M |
| Total | 5 | $914M | 100% | $183M |
- Clients
- 5
- Regulatory AUM
- $914M
- AUM share
- 100.0%
- Avg. per client
- $183M
Total
- Clients
- 5
- Regulatory AUM
- $914M
- AUM share
- 100%
- Avg. per client
- $183M
- Clients outside the U.S.
- 20%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 4
Extract Advisors is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Darin Milmeister owns 75% or more of Extract Advisors. The leadership team of Extract Advisors includes President Darin Milmeister and Chief Compliance Officer Ethan Park. It has 9 employees.
Staff
- 9 employees
- 9 in advisory functions
- Owns 75% or more of Extract Advisors LLC
Darin Milmeister
Control person · since December 2011
Extract Advisors’ regulatory assets grew 2.1× from $426M (March 2021) to $914M (March 2026); clients rose from 3 to 5 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $914M | 5 | 9 | 2 |
| Mar 2025March 2025 | $652M | 5 | 10 | 2 |
| Jul 2024July 2024 | $670M | 5 | 11 | 2 |
| May 2023May 2023 | $591M | 5 | 10 | 2 |
| Apr 2022April 2022 | $555M | 4 | 8 | 1 |
| Mar 2021March 2021 | $426M | 3 | 7 | 1 |
Besides its headquarters, Extract Advisors has 1 office, with 2 listed addresses in the U.S. and abroad.
California · 1 listed address
- 4500 Park Granada Unit 202, CalabasasHQ
International offices
- C300-181 BAY ST, TORONTO, M5J2T3, Canada
Other business names
Extract Advisors has reported 1 other business name to the SEC.
- Extract Capital
Contact and registration details
- Legal name
- Extract Advisors LLC
- Headquarters
- 4500 Park Granada Unit 202, Calabasas, CA 91302
- Website
- Not reported
- Phone
- 212-255-0972
- @extract-capital
- SEC file
- 801-117058
- Structure
- Delaware LLC
- Fiscal year end
- December
Extract Advisors has custody of $139M for 1 clients.
Extract Advisors’ reported 13F holdings for the quarter ended 30 June 2026 total $358M across 31 positions; the largest are State Str SPDR S&P 500 ETF T (put option) (42.2%), Royal Gold Inc. (7.9%) and B2gold Corp. (put option) (6.3%).
How many clients does Extract Advisors have?
Extract Advisors has 5 clients and manages $914 million for them, as of March 2026. They include 5 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Extract Advisors offer?
Extract Advisors 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 Extract Advisors have?
Extract Advisors has 0 investment adviser representatives registered with state securities authorities, out of 9 employees, and 9 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 Extract Advisors?
Extract Advisors’ direct owner is Darin Milmeister (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Extract Advisors get paid?
Extract Advisors 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
How do I contact Extract Advisors?
Extract Advisors’ main office is at 4500 Park Granada Unit 202, Calabasas, CA 91302. Its phone number is 212-255-0972.