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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

SABBY MANAGEMENT, LLC

CRD 162659

SPICEWOOD, TX

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Search this name across graphsid dfx:ria:5fc79dff-39e9-9a53-69b1-d319d801d482

Data as of Oct 27, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 11:57 PM UTC and rebuilt at most every 15 minutes.

Relationships: 5
Dated events: 5
On other graphs: 2
Observed: Jun 27, 2013 to Oct 27, 2023
27 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Equityidentity

Sabby Management, LLC

Private equity manager · shared crd

Venture Capitalidentity

Sabby Management, LLC

Venture manager · shared crd

Facts

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

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $223MItem 5.F on the latest filing (2023-10-27); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $223M
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: 5
Advisory employees: 2
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 2
Private funds: 2Schedule D 7.B(1)
Private fund GAV: $197Mgross asset value as reported per fund; never fund size
Custody, client assets: $0
SEC number: 801-78289
CRD: 162659
Filings on the tape: 27
First filed: Jun 27, 2013
Latest filed: Oct 27, 2023
Organised: Limited Liability Company, Delaware

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
SABBY VOLATILITY WARRANT MASTER FUND, LTD.	Private Equity Fund	$117M	Mar 27, 2024	73	Apr 11, 2012	reported	021-198996
BAM OPPORTUNITY FUND SPV, LLC	Hedge Fund	$14.3M	Apr 11, 2012	90	Apr 11, 2012	dropped	021-142897
SABBY HEALTHCARE MASTER FUND, LTD.	Hedge Fund	$10.1M	Mar 27, 2024	28	Apr 11, 2012	reported	021-198991

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
GRUNDSTEIN, ROBERT, ALAN	PRINCIPAL, MEMBER, CHIEF OPERATING OFFICER AND GENERAL COUNSEL OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC	C	yes	06/2011	Jun 27, 2013	Oct 27, 2023
MINTZ, HAL, DAVID	PRINCIPAL AND MANAGING MEMBER OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC	D	yes	06/2011	Jun 27, 2013	Oct 27, 2023

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
SABBY CAPITAL, 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
n/a	n/a	n/a	1	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

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2022	Mar 14, 2023	$223M	$223M	5	2	1	2	$197M
2021	Mar 7, 2022	$506M	$506M	6	2	2	2	$377M
2020	Mar 18, 2021	$340M	$340M	4	2	2	2	$296M
2019	Mar 17, 2020	$206M	$206M	4	2	1	2	$140M
2018	Mar 20, 2019	$222M	$222M	5	3	1	2	$222M
2017	Mar 19, 2018	$615M	$615M	6	4	0	2	$615M
2016	Mar 13, 2017	$717M	$717M	8	6	n/a	2	$717M
2015	Mar 22, 2016	$700M	$700M	7	5	n/a	2	$700M
2014	Mar 10, 2015	$839M	$839M	6	4	n/a	2	$839M
2013	Mar 11, 2014	$836M	$836M	6	4	n/a	2	$836M

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
2022	$223M	$506M	-55.8%	$206M	2.8%	5	6	1	2

Relationships

Advises (3)

→ SABBY VOLATILITY WARRANT MASTER FUND, LTD.Private fundPrivate Equity Fund, ERA
Apr 11, 2012 to presentfactForm ADV
→ SABBY HEALTHCARE MASTER FUND, LTD.Private fundHedge Fund, ERA
Apr 11, 2012 to presentfactForm ADV
→ BAM OPPORTUNITY FUND SPV, LLCPrivate fundHedge Fund, ERA, no longer reported
Apr 11, 2012 to Apr 11, 2012factForm ADV

Controls (2)

← MINTZ, HAL, DAVIDOwnerPRINCIPAL AND MANAGING MEMBER OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC, ownership code D, individual
Jun 27, 2013 to presentfactForm ADV
← GRUNDSTEIN, ROBERT, ALANOwnerPRINCIPAL, MEMBER, CHIEF OPERATING OFFICER AND GENERAL COUNSEL OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC, ownership code C, individual
Jun 27, 2013 to presentfactForm ADV

Dated events

Occurred
Mar 14, 2023
Regulatory AUM changed
Sabby Management, Llc reported RAUM $223.5M, down 56% from $506.1M (2022-11-14 to 2023-03-14)
Form ADVobserved 4 days ago
$-283M
Occurred
Mar 7, 2022
Regulatory AUM changed
Sabby Management, Llc reported RAUM $506.1M, up 49% from $340.2M (2021-04-28 to 2022-03-07)
Form ADVobserved 4 days ago
$166M
Occurred
Mar 18, 2021
Regulatory AUM changed
Sabby Management, Llc reported RAUM $340.2M, up 65% from $205.9M (2020-10-07 to 2021-03-18)
Form ADVobserved 4 days ago
$134M
Occurred
Mar 20, 2019
Regulatory AUM changed
Sabby Management, Llc reported RAUM $222.0M, down 64% from $614.9M (2018-04-27 to 2019-03-20)
Form ADVobserved 4 days ago
$-393M
Occurred
Jun 27, 2013
First Form ADV filing
Sabby Management, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 4 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:5fc79dff-39e9-9a53-69b1-d319d801d482
First observed: Jun 27, 2013
Last observed: Oct 27, 2023 35 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.

SABBY MANAGEMENT, LLC

CRD 162659

SPICEWOOD, TX

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:5fc79dff-39e9-9a53-69b1-d319d801d482

Data as of Oct 27, 2023 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 11:57 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

SABBY VOLATILITY WARRANT MASTER FUND, LTD.

Private Equity Fund

$117M

Mar 27, 2024

Apr 11, 2012

reported

021-198996

BAM OPPORTUNITY FUND SPV, LLC

Hedge Fund

$14.3M

Apr 11, 2012

dropped

021-142897

SABBY HEALTHCARE MASTER FUND, LTD.

Hedge Fund

$10.1M

Mar 27, 2024

Apr 11, 2012

reported

021-198991

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

GRUNDSTEIN, ROBERT, ALAN

PRINCIPAL, MEMBER, CHIEF OPERATING OFFICER AND GENERAL COUNSEL OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC

yes

06/2011

Jun 27, 2013

Oct 27, 2023

MINTZ, HAL, DAVID

PRINCIPAL AND MANAGING MEMBER OF SABBY MANAGEMENT, LLC AND SABBY CAPITAL, LLC

yes

06/2011

Jun 27, 2013

Oct 27, 2023

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

SABBY CAPITAL, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2022

Mar 14, 2023

$223M

$197M

2021

Mar 7, 2022

$506M

$377M

2020

Mar 18, 2021

$340M

$296M

2019

Mar 17, 2020

$206M

$140M

2018

Mar 20, 2019

$222M

2017

Mar 19, 2018

$615M

2016

Mar 13, 2017

$717M

n/a

$717M

2015

Mar 22, 2016

$700M

n/a

$700M

2014

Mar 10, 2015

$839M

n/a

$839M

2013

Mar 11, 2014

$836M

n/a

$836M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2022

$223M

$506M

-55.8%

$206M

2.8%