Clients
Magnetar Financial serves 67 clients, 59 of them pooled investment vehicles. The average client has about $477 million with the firm.
- Pooled investment vehicles59 clients96%
- Other investment advisers8 clients3%
- OtherBanking or thrift institutions, Insurance companies1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Not reported | $75,000,000 | 0.2% | — |
| Pooled investment vehicles | 59 | $30,746,557,248 | 96.1% | $521.1M |
| Other investment advisers | 8 | $806,685,114 | 2.5% | $100.8M |
| Insurance companies | Not reported | $361,500,000 | 1.1% | — |
| Total | 67 | $31,989,742,362 | 100% | $477.5M |
- Clients
- Not reported
- Regulatory AUM
- $75,000,000
- Share
- 0.2%
- Avg. per client
- —
- Clients
- 59
- Regulatory AUM
- $30,746,557,248
- Share
- 96.1%
- Avg. per client
- $521.1M
- Clients
- 8
- Regulatory AUM
- $806,685,114
- Share
- 2.5%
- Avg. per client
- $100.8M
- Clients
- Not reported
- Regulatory AUM
- $361,500,000
- Share
- 1.1%
- Avg. per client
- —
Total
- Clients
- 67
- Regulatory AUM
- $31,989,742,362
- Share
- 100%
- Avg. per client
- $477.5M
What it does
Magnetar Financial provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, performance-based fees and other arrangements.
Magnetar Financial advises 58 private funds.
96.1% of assets ($30.75B across 59 accounts) are managed with discretion; $1.24B across 13 accounts are not. 36% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Other100%
- Private investments100%
Custodians
Magnetar Financial has custody of $30.72B for 58 clients.
- All other custodians$31.99B100%
Ownership and leadership
Magnetar Capital Partners LP owns 75% or more of Magnetar Financial, and David Snyderman is its CEO.
- Owns 75% or more of Magnetar Financial LLC
Magnetar Capital Partners LP
Control person · since April 2005
- Owns 25% to 50% of Magnetar Capital Partners LP
LL Nova Investments LLC
since April 2006
Supernova Management LLC
General partner · Control person · since April 2006
- Owns 25% to 50% of Supernova Management LLC
Alec Litowitz
since April 2006
- Owns 25% to 50% of Supernova Management LLC
Ross Laser
Control person · since April 2006
- Owns 25% to 50% of Supernova Management LLC
David Snyderman
Control person · since November 2022
Leadership
- David SnydermanChief Executive Officer
- Ross LaserPresident
- Lavonne HarrisCo-Chief Operating Officer & Chief Financial Officer, Funds
- Nathan RaschkeChief Financial Officer, Management Company
- Thomas SherwoodCo-Chief Operating Officer
- Hayley SteinChief Compliance Officer
- Karl WachterGeneral Counsel
Staff
- 209 employees
- 64 in advisory functions
- 9 soliciting firms
Reported holdings
Magnetar Financial’s reported 13F holdings total $10.96B across 1,134 positions, and the ten largest make up 54.3% of it.
- $10.96B
- Reported 13F value
- 1,134
- Positions
- 54.3%
- In the 10 largest
- +11.3%
- Value vs. prior quarter
- Coreweave Inc. · Com CL A47.3%
- Hewlett Packard Enterprise C · 7.625 Mand Conv0.8%
- Webster Finl Corp.0.8%
- Kenvue Inc.0.8%
- Chart Inds Inc.0.8%
- Norfolk Southn Corp.0.8%
- Jd.com Inc. · Note 0.250% 6/00.8%
- Dominion Energy Inc.0.8%
- Txnm Energy Inc.0.8%
- Penumbra Inc.0.7%
Together, the ten largest are 54.3% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $10.96B is not its $31.99B in regulatory assets and does not represent any individual client's portfolio.
Fees
Magnetar Financial is paid through a percentage of assets under management, performance-based fees and other.
Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Magnetar Financial has 3 offices, with 4 listed addresses across 4 states.
California · 1 listed address
- 1300 El Camino Real, Menlo Park
Illinois · 1 listed address
- 1603 Orrington Avenue, 13th Floor, EvanstonHQ
New York · 1 listed address
- 10 East 53rd Street, New York
Texas · 1 listed address
- 500 West 2nd Street, Austin
Registration details
- Legal name
- Magnetar Financial LLC
- Headquarters
- 1603 Orrington Avenue, 13th Floor, Evanston, IL 60201
- Phone
- 847-905-4400
- Website
- www.magnetar.com
- SEC file
- 801-64602
- 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 Magnetar Financial have?
Magnetar Financial has 67 clients and manages $32 billion for them, as of August 2026. They include 59 pooled investment vehicles and 8 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does Magnetar Financial offer?
Magnetar Financial provides portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Magnetar Financial have?
Magnetar Financial has 0 investment adviser representatives registered with state securities authorities, out of 209 employees, and 64 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
What does Magnetar Financial invest in?
At the end of its last fiscal year, Magnetar Financial’s separately managed accounts held 100% private investments. It advises 58 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Magnetar Financial?
Magnetar Financial is owned through a chain of holding companies by Alec Litowitz, Ross Laser, David Snyderman and LL Nova Investments LLC. Its direct owner is Magnetar Capital Partners LP (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does Magnetar Financial get paid?
Magnetar Financial is paid through a percentage of assets under management, performance-based fees and other arrangements. 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