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RIA / WealthRegistered adviserasset managerSEC registeredRAUM 100m 1b

HFR INVESTMENTS, LLC

CRD 307372

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:68037bb3-c369-05bc-5670-e00613812b49

Data as of Feb 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 9:32 PM UTC and rebuilt at most every 15 minutes.

Relationships: 13
Dated events: 6
On other graphs: 0
Observed: Jan 30, 2020 to Feb 11, 2026
8 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=false related_bank=true bd_reps=0.0
Regulatory AUM: $326MItem 5.F on the latest filing (2026-02-11); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $326M
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: 2
Advisory employees: 1
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 2
Private funds: 2Schedule D 7.B(1)
SEC number: 801-118142
CRD: 307372
Filings on the tape: 8
First filed: Jan 30, 2020
Latest filed: Feb 11, 2026
Organised: Limited Liability Company, DE
Website: hfr-investments.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
HFREU PROXIMUS FUND	Hedge Fund	$2.5B	Mar 28, 2024	4	Nov 14, 2018	reported	021-212169
HFREU US EQUITY EX FINANCIAL BEAR FUND	Hedge Fund	$475M	Mar 28, 2024	1	Nov 27, 2015	reported	n/a
HFREU EURO EQUITY EX FINANCIAL BEAR FUND	Hedge Fund	$198M	Mar 28, 2024	1	Nov 27, 2015	reported	n/a
HFREU US EQUITY EX FINANCIAL BULL FUND	Hedge Fund	$6.5M	Mar 28, 2024	1	Nov 27, 2015	reported	n/a
HFREU EURO EQUITY EX FINANCIAL BULL FUND	Hedge Fund	$6.1M	Mar 28, 2024	1	Nov 27, 2015	reported	n/a

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
ARENIBAR, MICHAEL	PRESIDENT AND CHIEF COMPLIANCE OFFICER	D	yes	11/2019	Jan 30, 2020	Mar 28, 2024
ARENIBAR, MICHAEL	Member	D	yes	11/2019	Jan 30, 2020	Mar 28, 2024
ESG-MA, LLC	MANAGING MEMBER	D	yes	11/2019	Jan 30, 2020	Mar 28, 2024
HFR ASSET MANAGEMENT, L.L.C	Member	C	yes	11/2019	Jan 30, 2020	Mar 28, 2024
HFR GROUP, LLC	Member	C	yes	01/2001	Jan 30, 2020	Mar 28, 2024
NICHOLAS, JOSEPH, GEORGE	Member	C	yes	01/2001	Jan 30, 2020	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
HFR ASSET MANAGEMENT, L.L.C	n/a	Asset manager	$326M	Y	yes	n/a

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	Private funds	Fund GAV
2025	Feb 11, 2026	$326M	$326M	2	1	2	n/a
2024	Mar 31, 2025	$5.1B	$5.1B	3	1	3	n/a
2023	Mar 28, 2024	$3.2B	$0	3	1	5	$3.2B
2022	Mar 31, 2023	$2.5B	$0	3	1	5	$2.5B
2021	Mar 31, 2022	$8.5B	$8.5B	4	2	5	$8.5B
2020	Mar 16, 2021	$138M	$138M	3	2	7	$4.8B

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	$326M	$5.1B	-93.6%	$2.5B	-49.5%	2	3	0	0

Relationships

Affiliated with (2)

→ HFR ASSET MANAGEMENT, L.L.CRegistered adviserother investment adviser, bank, pooled vehicle sponsor, control, common control
factForm ADV
← HFR ASSET MANAGEMENT, L.L.CRegistered adviserother investment adviser, common control
factForm ADV

Advises (5)

→ HFREU US EQUITY EX FINANCIAL BEAR FUNDPrivate fundHedge Fund, IA
Nov 27, 2015 to presentfactForm ADV
→ HFREU EURO EQUITY EX FINANCIAL BULL FUNDPrivate fundHedge Fund, IA
Nov 27, 2015 to presentfactForm ADV
→ HFREU EURO EQUITY EX FINANCIAL BEAR FUNDPrivate fundHedge Fund, IA
Nov 27, 2015 to presentfactForm ADV
→ HFREU US EQUITY EX FINANCIAL BULL FUNDPrivate fundHedge Fund, IA
Nov 27, 2015 to presentfactForm ADV
→ HFREU PROXIMUS FUNDPrivate fundHedge Fund, IA
Nov 14, 2018 to presentfactForm ADV

Controls (5)

← HFR ASSET MANAGEMENT, L.L.COwnerMEMBER, ownership code C, domestic entity
Jan 30, 2020 to Mar 28, 2024factForm ADV
← NICHOLAS, JOSEPH, GEORGEOwnerMEMBER, ownership code C, individual
Jan 30, 2020 to Mar 28, 2024factForm ADV
← ARENIBAR, MICHAELOwnerPRESIDENT AND CHIEF COMPLIANCE OFFICER, ownership code D, individual
Jan 30, 2020 to Mar 28, 2024factForm ADV
← ESG-MA, LLCOwnerMANAGING MEMBER, ownership code D, domestic entity
Jan 30, 2020 to Mar 28, 2024factForm ADV
← HFR GROUP, LLCOwnerMEMBER, ownership code C, domestic entity
Jan 30, 2020 to Mar 28, 2024factForm ADV

Dated events

Occurred
Feb 11, 2026
Regulatory AUM changed
Hfr Investments, Llc reported RAUM $326.2M, down 94% from $5.1B (2025-03-31 to 2026-02-11)
Form ADVobserved 5 days ago
$-4.8B
Occurred
Mar 31, 2025
Regulatory AUM changed
Hfr Investments, Llc reported RAUM $5.1B, up 60% from $3.2B (2024-03-28 to 2025-03-31)
Form ADVobserved 5 days ago
$1.9B
Occurred
Mar 28, 2024
Regulatory AUM changed
Hfr Investments, Llc reported RAUM $3.2B, up 27% from $2.5B (2023-03-31 to 2024-03-28)
Form ADVobserved 5 days ago
$678M
Occurred
Mar 31, 2023
Regulatory AUM changed
Hfr Investments, Llc reported RAUM $2.5B, down 70% from $8.5B (2022-09-13 to 2023-03-31)
Form ADVobserved 5 days ago
$-6.0B
Occurred
Mar 31, 2022
Regulatory AUM changed
Hfr Investments, Llc reported RAUM $8.5B, up 6069% from $137.7M (2021-03-16 to 2022-03-31)
Form ADVobserved 5 days ago
$8.4B
Occurred
Jan 30, 2020
First Form ADV filing
Hfr Investments, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 5 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:68037bb3-c369-05bc-5670-e00613812b49
First observed: Jan 30, 2020
Last observed: Feb 11, 2026 7 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.

HFR INVESTMENTS, LLC

CRD 307372

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:68037bb3-c369-05bc-5670-e00613812b49

Data as of Feb 11, 2026 (this record's last observation) from federal regulator filings. Page built Sep 20, 2026, 9:32 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

HFREU PROXIMUS FUND

Hedge Fund

$2.5B

Mar 28, 2024

Nov 14, 2018

reported

021-212169

HFREU US EQUITY EX FINANCIAL BEAR FUND

Hedge Fund

$475M

Mar 28, 2024

Nov 27, 2015

reported

n/a

HFREU EURO EQUITY EX FINANCIAL BEAR FUND

Hedge Fund

$198M

Mar 28, 2024

Nov 27, 2015

reported

n/a

HFREU US EQUITY EX FINANCIAL BULL FUND

Hedge Fund

$6.5M

Mar 28, 2024

Nov 27, 2015

reported

n/a

HFREU EURO EQUITY EX FINANCIAL BULL FUND

Hedge Fund

$6.1M

Mar 28, 2024

Nov 27, 2015

reported

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

ARENIBAR, MICHAEL

PRESIDENT AND CHIEF COMPLIANCE OFFICER

yes

11/2019

Jan 30, 2020

Mar 28, 2024

ARENIBAR, MICHAEL

Member

yes

11/2019

Jan 30, 2020

Mar 28, 2024

ESG-MA, LLC

MANAGING MEMBER

yes

11/2019

Jan 30, 2020

Mar 28, 2024

HFR ASSET MANAGEMENT, L.L.C

Member

yes

11/2019

Jan 30, 2020

Mar 28, 2024

HFR GROUP, LLC

Member

yes

01/2001

Jan 30, 2020

Mar 28, 2024

NICHOLAS, JOSEPH, GEORGE

Member

yes

01/2001

Jan 30, 2020

Mar 28, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

HFR ASSET MANAGEMENT, L.L.C

n/a

Asset manager

$326M

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Feb 11, 2026

$326M

n/a

2024

Mar 31, 2025

$5.1B

n/a

2023

Mar 28, 2024

$3.2B

2022

Mar 31, 2023

$2.5B

2021

Mar 31, 2022

$8.5B

2020

Mar 16, 2021

$138M

$4.8B

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$326M

$5.1B

-93.6%

$2.5B

-49.5%