Clients
Rafferty Asset Management serves 133 clients, 132 of them investment companies. The average client has about $415 million with the firm.
- Investment companies132 clients100%
- Pooled investment vehicles1 clients0%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 132 | $55,205,998,661 | 99.9% | $418.2M |
| Pooled investment vehicles | 1 | $35,779,061 | 0.1% | $35.8M |
| Total | 133 | $55,241,777,722 | 100% | $415.4M |
- Clients
- 132
- Regulatory AUM
- $55,205,998,661
- Share
- 99.9%
- Avg. per client
- $418.2M
- Clients
- 1
- Regulatory AUM
- $35,779,061
- Share
- 0.1%
- Avg. per client
- $35.8M
Total
- Clients
- 133
- Regulatory AUM
- $55,241,777,722
- Share
- 100%
- Avg. per client
- $415.4M
What it does
Rafferty Asset Management provides portfolio management for investment companies and portfolio management for pooled vehicles. It is paid through a percentage of assets.
Rafferty Asset Management provided financial planning to 0 clients last fiscal year and advises no private funds.
100.0% of assets ($55.24B across 133 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
Custodians
Rafferty Asset Management does not have custody of client assets.
- All other custodians$55.24B100%
Ownership and leadership
Rafferty Holdings LLC owns 25% to 50% of Rafferty Asset Management, and Douglas Yones is its CEO.
- Owns 25% to 50% of Rafferty Asset Management, LLC
Rafferty Holdings LLC
Control person · since January 1999
- Owns 25% to 50% of Rafferty Holdings LLC
Michael Rafferty
Control person · since January 1999
- Owns 25% to 50% of Rafferty Holdings LLC
Kathleen Hay
Control person · since November 2000
Rafferty Servicing, Inc.
Non-member manager · Control person · since January 2019
Joseph Cipolla
Officer · Control person · since January 2019
- Owns 25% to 50% of Rafferty Asset Management, LLC
Minakian Partners, LLC
since May 2009
- Owns 75% or more of Minakian Partners, LLC
Daniel O'Neill
Control person · since May 2009
- Owns 5% to 10% of Rafferty Asset Management, LLC
GST Fbo Kathleen Rafferty Hay & Heirs
since January 2019
- Owns 5% to 10% of Rafferty Asset Management, LLC
GST Fbo Michael Rafferty & Heirs
since January 2019
Leadership
- Douglas YonesChief Executive Officer
- Patrick RudnickChief Financial Officer
- Angela BricklChief Operating Officer, General Counsel
- Steven StelmachowskiChief Compliance Officer
- Daniel O'NeillMember
Staff
- 45 employees
- 13 in advisory functions
- 17 state-registered reps
- 3 broker-dealer reps
Reported holdings
Rafferty Asset Management’s reported 13F holdings total $43.92B across 1,133 positions, and the ten largest make up 41.0% of it.
- $43.92B
- Reported 13F value
- 1,133
- Positions
- 41.0%
- In the 10 largest
- +78.3%
- Value vs. prior quarter
- Micron Technology Inc.8.1%
- Nvidia Corporation5.8%
- Advanced Micro Devices Inc.4.6%
- Broadcom Inc.3.9%
- Intel Corp.3.5%
- iShares TR · 20 YR TR BD ETF3.4%
- Applied Matls Inc.3.2%
- KLA Corp.3.0%
- Marvell Technology Inc.2.8%
- Lam Research Corp.2.7%
Together, the ten largest are 41.0% of reported value.
A 13F covers only exchange-traded long positions the firm holds with discretion, so this $43.92B is not its $55.24B in regulatory assets and does not represent any individual client's portfolio.
Fees
Rafferty Asset Management is paid through a percentage of assets under management.
Rafferty 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, Rafferty Asset Management has 2 offices, with 3 listed addresses across 2 states.
New York · 2 listed addresses
- 535 Madison Ave, 37th Floor, New YorkHQ
- 1 Liberty ST, New York
Massachusetts · 1 listed address
- 155 Seaport BLVD, Boston
Registration details
- Legal name
- Rafferty Asset Management, LLC
- Headquarters
- 535 Madison Ave, 37th Floor, New York, NY 10022
- Phone
- 646-572-3390
- Website
- Not reported
- SEC file
- 801-54679
- Structure
- New York 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 Rafferty Asset Management have?
Rafferty Asset Management has 133 clients and manages $55.2 billion for them, as of March 2026. They include 132 investment companies and 1 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 March 2026
What services does Rafferty Asset Management offer?
Rafferty Asset Management provides portfolio management for investment companies and 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 Rafferty Asset Management have?
Rafferty Asset Management has 17 investment adviser representatives registered with state securities authorities, out of 45 employees, and 13 perform investment advisory functions. 3 are registered representatives of a broker-dealer and 0 are 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 Rafferty Asset Management?
Rafferty Asset Management is owned through holding companies by Michael Rafferty, Kathleen Hay and Daniel O'Neill. Its direct owners are Rafferty Holdings LLC, Minakian Partners, LLC, GST Fbo Kathleen Rafferty Hay & Heirs and GST Fbo Michael Rafferty & Heirs, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 3 March 2026
How does Rafferty Asset Management get paid?
Rafferty Asset Management 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