Millington Securities provides portfolio management for investment companies and selecting other managers.
Millington Securities reports 1 investment company. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($141M across 1 account) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Investment companies | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 1 | $141M | 100.0% | $141M |
| Total | 1 | $141M | 100% | $141M |
- Clients
- 1
- Regulatory AUM
- $141M
- AUM share
- 100.0%
- Avg. per client
- $141M
Total
- Clients
- 1
- Regulatory AUM
- $141M
- AUM share
- 100%
- Avg. per client
- $141M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Millington Securities is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Wbi Tech Holdings, LLC owns 75% or more of Millington Securities and is in turn owned by Wbi Holdco, Inc. (75% or more). Donald Schreiber is CEO. It has 6 employees, 4 of them in advisory roles.
Leadership
- Donald SchreiberChief Executive Officer, CCO and Treasurer
Staff
- 6 employees
- 4 in advisory functions
- 2 state-registered reps
- 1 insurance agent
- Owns 75% or more of Millington Securities, LLC
Wbi Tech Holdings, LLC
Control person · since June 2023
- Owns 75% or more of Wbi Tech Holdings, LLC
Wbi Holdco, Inc.
Control person · since June 2023
- Owns 75% or more of Wbi Holdco, Inc.
Donald Schreiber
Control person · since June 2023
Millington Securities’ regulatory assets fell from $320M (June 2021) to $141M (March 2026); clients were 1 in both filings and employees fell from 21 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $141M | 1 | 6 | 1 |
| May 2025 | $169M | 1 | 6 | 1 |
| July 2024 | $188M | 1 | 8 | 1 |
| June 2023 | $233M | 1 | 8 | 1 |
| March 2022 | $282M | 1 | 9 | 1 |
| June 2021 | $320M | 1 | 21 | 1 |
Besides its headquarters, Millington Securities has 0 offices, with 1 listed address in New Jersey.
New Jersey · 1 listed address
- 331 Newman Springs Road, Suite 143, Red BankHQ
Contact and registration details
- Legal name
- Millington Securities, LLC
- Headquarters
- 331 Newman Springs Road, Suite 143, Red Bank, NJ 07701
- Website
- Not reported
- Phone
- 732-842-4920
- SEC file
- 801-71128
- Structure
- Delaware LLC
- Fiscal year end
- December
Millington Securities does not have custody of client assets.
Millington Securities’ reported 13F holdings for the quarter ended 31 March 2026 total $362M across 275 positions; the largest are Absolute Shs TR (8.2%), Absolute Shs TR (5.2%) and Absolute Shs TR (4.8%).
Reported 13F holdings
- $362M
- Reported 13F value
- 275
- Positions
- 30.5%
- In the 10 largest
- —
- Value vs. prior quarter
- Absolute Shs TR · Wbi Pwr Factor8.2%
- Absolute Shs TR · Wbi Bbr Qty 30005.2%
- Absolute Shs TR · Wbi Bbr Yld 30004.8%
- Absolute Shs TR · Wbi Bbr Val 30004.3%
- Franklin Templeton Holdings · Respbly Srcd Gld2.1%
- Schwab Strategic TR · US Brd Mkt ETF1.2%
- SPDR Series Trust · State Street Spd1.2%
- Global X Fds · Adaptive US Risk1.2%
- Altria Group Inc.1.1%
- Oneok Inc. New1.1%
Together, the ten largest are 30.5% of reported value.
How many clients does Millington Securities have?
Millington Securities has 1 client and manages $141 million for them, as of March 2026. They include 1 investment company.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Millington Securities offer?
Millington Securities provides portfolio management for investment companies 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 Millington Securities have?
Millington Securities has 2 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
Who owns Millington Securities?
Millington Securities is owned through a chain of holding companies by Donald Schreiber. Its direct owner is Wbi Tech Holdings, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Millington Securities get paid?
Millington Securities is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees 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 Millington Securities?
Millington Securities’ main office is at 331 Newman Springs Road, Suite 143, Red Bank, NJ 07701. Its phone number is 732-842-4920.