{"url":"https://nivawealth.com/firms/extract-advisors-285535","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/285535","regulatoryAum":914421997,"crd":"285535","history":[{"filedOn":"2021-03-09","regulatoryAum":426200969,"clients":3,"employees":7,"offices":1},{"filedOn":"2022-04-29","regulatoryAum":555482595,"clients":4,"employees":8,"offices":1},{"filedOn":"2023-05-09","regulatoryAum":591196394,"clients":5,"employees":10,"offices":2},{"filedOn":"2024-07-03","regulatoryAum":669551821,"clients":5,"employees":11,"offices":2},{"filedOn":"2025-03-17","regulatoryAum":651610211,"clients":5,"employees":10,"offices":2},{"filedOn":"2026-03-20","regulatoryAum":914421997,"clients":5,"employees":9,"offices":2}],"secFileNumber":"801-117058","legalName":"Extract Advisors LLC","displayName":"Extract Advisors","slug":"extract-advisors-285535","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/extract-capital","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"4500 Park Granada Unit 202","city":"Calabasas","state":"CA","stateName":"California","country":"United States","postalCode":"91302"},"tradeNames":["Extract Capital"],"registration":{"secApproved":"29 July 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":9,"advisory":9,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":914421997,"discretionary":914421997,"discretionaryAccounts":7,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":20,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":5,"regulatoryAum":914421997}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Extract Advisors has custody of $139M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Darin Milmeister","title":"Managing Member, President","crd":"4284685"},{"name":"Ethan Park","title":"Chief Compliance Officer, Executive Vice President, Member","crd":"6713541"}],"ownership":[{"label":"Darin Milmeister","detail":"Managing member, president in the 75% or more ownership band and a control person, since December 2011."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[{"city":"TORONTO","country":"Canada","postalCode":"M5J2T3","street":"C300-181 BAY ST","display":{"city":"TORONTO","region":null,"postalCode":"M5J2T3","ruleVersion":"office-display-1"}}],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"4500 Park Granada Unit 202","city":"Calabasas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-255-0972","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Other"],"financialPlanningClients":null,"assetMix":[],"privateFunds":4},"sources":{"adv1FilingDate":"20 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/285535/PDF/285535.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Extract Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Extract Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Extract Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Extract Advisors?","answer":"Extract Advisors’ direct owner is Darin Milmeister (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Extract Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Extract Advisors?","answer":"Extract Advisors’ main office is at 4500 Park Granada Unit 202, Calabasas, CA 91302. Its phone number is 212-255-0972.","source":"Form ADV Part 1A, Item 1.F, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/extract-advisors-285535/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1703148/000170314826000020/0001703148-26-000020-index.html","totalValue":357921541,"positionCount":31,"top10Share":0.7949376732259879,"top10":[{"issuer":"STATE STR SPDR S&P 500 ETF T","titleOfClass":"TR UNIT","cusip":"78462F103","value":151220925,"shares":202500,"shareType":"SH","putCall":"Put","priorValue":26013600,"priorShares":40000},{"issuer":"ROYAL GOLD INC","titleOfClass":"COM","cusip":"780287108","value":28410891,"shares":142332,"shareType":"SH","priorValue":30623291,"priorShares":120332},{"issuer":"B2GOLD 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}