Private fund adviser · St. Louis, MO
Elmtree Funds, LLC
SEC-registered investment adviser · CRD 338940 · SEC 801-134683
At a glance
Elmtree Funds, LLC is an SEC-registered investment adviser based in St. Louis, Missouri, with $7.8 billion in regulatory assets under management as of its Form ADV filed March 31, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 726th of 4,686 private fund advisers and 1,600th of 17,210 SEC-registered advisers by assets.
Main office 314-828-4200elmtreefunds.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $7.8B
- Rank among private fund advisers
- #726 of 4,686
- Rank among all SEC RIAs
- #1,600 of 17,210
- Rank in Missouri
- #18 of 196
- Clients
- 16
- Accounts
- 16
- Discretionary
- 100% of AUM
- Employees
- 37
- Advisory staff
- 18
- Offices
- 4
Owners and executives on its Form ADV
- David H. LeavittManaging Director, Chief Compliance Officer
Custody and brokerage
Custodian
Elmtree Funds, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Elmtree Funds, LLC is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: HPS Securities, LLC.
- HPS Securities, LLC ↗CRD 319197
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 16 | $7.8B | 100% |
Private funds
Elmtree Funds, LLC reports 15 private funds with $7.7B in gross assets: real estate funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Elmtree Funds, LLC answers yes to 10 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗elmtreefunds.com ↗
AtlasMembers
The full record on Elmtree Funds, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 1 years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 1,102 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 1 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Elmtree Funds, LLC manage?
Elmtree Funds, LLC reports $7.8 billion in regulatory assets under management across 16 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
What kind of firm is Elmtree Funds, LLC?
Elmtree Funds, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Elmtree Funds, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($7.8 billion, 16 clients).
Does Elmtree Funds, LLC manage private funds?
Yes. It reports 15 private funds with $7.7 billion in gross assets, including real estate funds, other private funds.
Does Elmtree Funds, LLC have any disciplinary history?
Elmtree Funds, LLC answers yes to 10 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Elmtree Funds, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →