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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 10b 100b

WOLVERINE ASSET MANAGEMENT, LLC

CRD 138907

CHICAGO, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:46d845ba-4ec7-b457-6ed3-e66943db267c

Data as of Jun 12, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:04 AM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 5
On other graphs: 0
Observed: Feb 6, 2012 to Jun 12, 2026
31 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: asset managerderivedprivate_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0
Regulatory AUM: $15BItem 5.F on the latest filing (2026-06-12); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $15B
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 44
Advisory employees: 20
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 3
Private funds: 1Schedule D 7.B(1)
Custody, client assets: $15B
SEC number: 801-72458
CIK: 1279891
CRD: 138907
Filings on the tape: 31
First filed: Feb 6, 2012
Latest filed: Jun 12, 2026
Organised: Limited Liability Company, IL
Website: wolve.com

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
WOLVERINE FLAGSHIP FUND TRADING LIMITED	Hedge Fund	$8.0B	Mar 28, 2024	128	Feb 6, 2012	reported	021-157183
WOLVERINE INTRINSIC MASTER FUND LTD.	Hedge Fund	$699M	Apr 9, 2020	8	Nov 13, 2018	dropped	021-314432
WOLVERINE LIQUID OPPORTUNITY MASTER FUND SPC LIMITED	Hedge Fund	$61.8M	Oct 21, 2015	6	Feb 6, 2012	dropped	021-1530810

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BELLICK, ROBERT, ROSS	LIMITED PARTNER	C	yes	06/1994	Feb 6, 2012	Mar 28, 2024
CAVICKE, DAVID	CHIEF COMPLIANCE OFFICER	Na	yes	10/2021	Nov 1, 2021	Mar 28, 2024
GUST, CHRISTOPHER, LAZARUS	LIMITED PARTNER	C	yes	06/1994	Feb 6, 2012	Mar 28, 2024
GUST, CHRISTOPHER, LAZARUS	CHIEF INVESTMENT OFFICER/CHIEF EXECUTIVE OFFICER	Na	yes	11/2001	Feb 6, 2012	Mar 28, 2024
KULA, JUDITH, MARIE	CHIEF FINANCIAL OFFICER	Na	yes	11/2001	Feb 6, 2012	Mar 28, 2024
NADEL, KENNETH, LYN	CHIEF OPERATING OFFICER	Na	yes	02/2008	Feb 6, 2012	Mar 28, 2024
SUJDAK, ANDREW, RICHARD	CHIEF RESEARCH OFFICER	Na	yes	11/2001	Feb 6, 2012	Mar 28, 2024
WOLVERINE HOLDINGS, L.P.	MANAGING MEMBER	E	yes	01/2012	Feb 6, 2012	Mar 28, 2024
WOLVERINE TRADING PARTNERS, INC.	GENERAL PARTNER	F	yes	06/1994	Feb 6, 2012	Mar 28, 2024
HENSCHEL, ERIC, JONATHAN	LIMITED PARTNER	F	no	01/2001	Feb 6, 2012	Mar 28, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
WOLVERINE EXECUTION SERVICES, LLC	n/a	n/a	n/a	N	yes	n/a
WOLVERINE TRADING UK, LIMITED	n/a	n/a	n/a	N	yes	n/a
WOLVERINE TRADING, LLC	n/a	n/a	n/a	N	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
NEW YORK	NY	United States	4	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 15 of 16

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 26, 2026	$15B	$15B	44	20	1	1	n/a
2024	Mar 28, 2025	$11B	$11B	47	23	1	1	n/a
2023	Mar 28, 2024	$8.0B	$8.0B	45	22	1	1	$8.0B
2022	Mar 29, 2023	$8.4B	$8.4B	46	22	1	1	$8.4B
2021	Mar 31, 2022	$11B	$11B	44	20	1	1	$11B
2020	Mar 30, 2021	$14B	$14B	44	25	1	1	$14B
2019	Apr 9, 2020	$6.9B	$6.9B	45	25	1	2	$6.1B
2018	Mar 29, 2019	$6.3B	$6.3B	45	27	2	2	$5.6B
2017	Mar 27, 2018	$5.7B	$5.7B	45	27	2	1	$5.7B
2016	Mar 29, 2017	$6.3B	$6.3B	42	25	n/a	1	$6.2B
2015	Mar 30, 2016	$6.1B	$6.1B	44	25	n/a	1	$6.1B
2014	Mar 27, 2015	$7.0B	$7.0B	45	25	n/a	2	$6.5B
2013	Mar 31, 2014	$6.6B	$6.6B	37	21	n/a	2	$6.5B
2012	Mar 27, 2013	$5.6B	$5.6B	34	20	n/a	2	$5.8B
2011	Feb 6, 2012	$6.0B	$6.0B	n/a	n/a	n/a	2	$5.8B

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$15B	$11B	32.0%	$8.4B	20.7%	44	47	1	1

Relationships

Advises (3)

→ WOLVERINE FLAGSHIP FUND TRADING LIMITEDPrivate fundHedge Fund, IA
Feb 6, 2012 to presentfactForm ADV
→ WOLVERINE INTRINSIC MASTER FUND LTD.Private fundHedge Fund, IA, no longer reported
Nov 13, 2018 to Apr 9, 2020factForm ADV
→ WOLVERINE LIQUID OPPORTUNITY MASTER FUND SPC LIMITEDPrivate fundHedge Fund, IA, no longer reported
Feb 6, 2012 to Oct 21, 2015factForm ADV

Controls (8)

← KULA, JUDITH, MARIEOwnerCHIEF FINANCIAL OFFICER, ownership code NA, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV
← BELLICK, ROBERT, ROSSOwnerLIMITED PARTNER, ownership code C, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV
← GUST, CHRISTOPHER, LAZARUSOwnerLIMITED PARTNER, ownership code C, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV
← NADEL, KENNETH, LYNOwnerCHIEF OPERATING OFFICER, ownership code NA, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV
← SUJDAK, ANDREW, RICHARDOwnerCHIEF RESEARCH OFFICER, ownership code NA, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV
← CAVICKE, DAVIDOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Nov 1, 2021 to Mar 28, 2024factForm ADV
← WOLVERINE HOLDINGS, L.P.OwnerMANAGING MEMBER, ownership code E, domestic entity
Feb 6, 2012 to Mar 28, 2024factForm ADV
← WOLVERINE TRADING PARTNERS, INC.OwnerGENERAL PARTNER, ownership code F, domestic entity
Feb 6, 2012 to Mar 28, 2024factForm ADV

Owns (1)

← HENSCHEL, ERIC, JONATHANOwnerLIMITED PARTNER, ownership code F, individual
Feb 6, 2012 to Mar 28, 2024factForm ADV

Dated events

Occurred
Mar 26, 2026
Regulatory AUM changed
Wolverine Asset Management, Llc reported RAUM $14.8B, up 32% from $11.2B (2026-01-21 to 2026-03-26)
Form ADVobserved 5 days ago
$3.6B
Occurred
Mar 28, 2025
Regulatory AUM changed
Wolverine Asset Management, Llc reported RAUM $11.2B, up 41% from $8.0B (2024-03-28 to 2025-03-28)
Form ADVobserved 5 days ago
$3.2B
Occurred
Nov 1, 2021
Control person joined
David Cavicke (Chief Compliance Officer) appeared on Schedule A of Wolverine Asset Management, Llc
Form ADVobserved 5 days ago
Occurred
Mar 30, 2021
Regulatory AUM changed
Wolverine Asset Management, Llc reported RAUM $14.1B, up 103% from $6.9B (2020-04-09 to 2021-03-30)
Form ADVobserved 5 days ago
$7.1B
Occurred
Jan 27, 2020
Control person left
Mahendra Niraj Patel (Chief Legal Officer And Chief Compliance Officer) no longer on Schedule A of Wolverine Asset Management, Llc (listed 2019-03-29, absent 2020-01-27)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:46d845ba-4ec7-b457-6ed3-e66943db267c
First observed: Feb 6, 2012
Last observed: Jun 12, 2026 3 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

WOLVERINE ASSET MANAGEMENT, LLC

CRD 138907

CHICAGO, IL

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:46d845ba-4ec7-b457-6ed3-e66943db267c

Data as of Jun 12, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 7:04 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

WOLVERINE FLAGSHIP FUND TRADING LIMITED

Hedge Fund

$8.0B

Mar 28, 2024

128

Feb 6, 2012

reported

021-157183

WOLVERINE INTRINSIC MASTER FUND LTD.

Hedge Fund

$699M

Apr 9, 2020

Nov 13, 2018

dropped

021-314432

WOLVERINE LIQUID OPPORTUNITY MASTER FUND SPC LIMITED

Hedge Fund

$61.8M

Oct 21, 2015

Feb 6, 2012

dropped

021-1530810

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BELLICK, ROBERT, ROSS

LIMITED PARTNER

yes

06/1994

Feb 6, 2012

Mar 28, 2024

CAVICKE, DAVID

CHIEF COMPLIANCE OFFICER

yes

10/2021

Nov 1, 2021

Mar 28, 2024

GUST, CHRISTOPHER, LAZARUS

LIMITED PARTNER

yes

06/1994

Feb 6, 2012

Mar 28, 2024

GUST, CHRISTOPHER, LAZARUS

CHIEF INVESTMENT OFFICER/CHIEF EXECUTIVE OFFICER

yes

11/2001

Feb 6, 2012

Mar 28, 2024

KULA, JUDITH, MARIE

CHIEF FINANCIAL OFFICER

yes

11/2001

Feb 6, 2012

Mar 28, 2024

NADEL, KENNETH, LYN

CHIEF OPERATING OFFICER

yes

02/2008

Feb 6, 2012

Mar 28, 2024

SUJDAK, ANDREW, RICHARD

CHIEF RESEARCH OFFICER

yes

11/2001

Feb 6, 2012

Mar 28, 2024

WOLVERINE HOLDINGS, L.P.

MANAGING MEMBER

yes

01/2012

Feb 6, 2012

Mar 28, 2024

WOLVERINE TRADING PARTNERS, INC.

GENERAL PARTNER

yes

06/1994

Feb 6, 2012

Mar 28, 2024

HENSCHEL, ERIC, JONATHAN

LIMITED PARTNER

01/2001

Feb 6, 2012

Mar 28, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

WOLVERINE EXECUTION SERVICES, LLC

n/a

yes

n/a

WOLVERINE TRADING UK, LIMITED

n/a

yes

n/a

WOLVERINE TRADING, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

NEW YORK

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 26, 2026

$15B

n/a

2024

Mar 28, 2025

$11B

n/a

2023

Mar 28, 2024

$8.0B

2022

Mar 29, 2023

$8.4B

2021

Mar 31, 2022

$11B

2020

Mar 30, 2021

$14B

2019

Apr 9, 2020

$6.9B

$6.1B

2018

Mar 29, 2019

$6.3B

$5.6B

2017

Mar 27, 2018

$5.7B

2016

Mar 29, 2017

$6.3B

n/a

$6.2B

2015

Mar 30, 2016

$6.1B

n/a

$6.1B

2014

Mar 27, 2015

$7.0B

n/a

$6.5B

2013

Mar 31, 2014

$6.6B

n/a

$6.5B

2012

Mar 27, 2013

$5.6B

n/a

$5.8B

2011

Feb 6, 2012

$6.0B

n/a

$5.8B

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$15B

$11B

32.0%

$8.4B

20.7%