9AT: WOLVERINE ASSET MANAGEMENT, LLC

other names

WOLVERINE ASSET MANAGEMENT, LLC

Adviser Profile

As of Date	03/26/2026
Registration	SEC, Approved, 08/09/2011
ADV Location	CHICAGO, IL, United States
Contact Info	312 xxxxxxx
Websites

AUM^*	14,827,291,408 86%
of that, discretionary	14,827,291,408 86%
Private Fund GAV^*	14,827,291,408 32%
Avg Account Size	4,942,430,469 86%
SMA’s	No
Private Funds	3

Adviser Type

- Large advisory firm

Number of Employees 44 -2%

of those in investment advisory functions 20 -9%

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

SEC Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$14,827,291,408

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser TRUTINO CAPITAL MANAGEMENT, LLC	Hedge Fund2.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.9b	AUM6.7b	#Funds3
Adviser NEUBERGER BERMAN CANADA ULC	Hedge Fund358.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV358.4m	AUM12.4b	#Funds3
Adviser GREEN COURT CAPITAL MANAGEMENT LIMITED	Hedge Fund1.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.5b	AUM5.5b	#Funds10
Adviser SONA ASSET MANAGEMENT (US) LLC	Hedge Fund29.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund51.0m	Total Private Fund GAV29.4b	AUM33.5b	#Funds13
Adviser COMPASS ROSE ASSET MANAGEMENT	Hedge Fund27.5b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV27.5b	AUM16.5b	#Funds3
Adviser KIRKOSWALD ASSET MANAGEMENT LLC	Hedge Fund21.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund58.0m	Total Private Fund GAV21.8b	AUM27.2b	#Funds17
Adviser SYLEBRA CAPITAL LLC	Hedge Fund2.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.9b	AUM2.9b	#Funds6
Adviser ZACKS INVESTMENT MANAGEMENT, INC.	Hedge Fund12.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV12.2m	AUM12.4b	#Funds2
Adviser GERBER/TAYLOR MANAGEMENT LLC	Hedge Fund10.7b	Liquidity Fund-	Private Equity Fund400.0m	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV11.1b	AUM11.4b	#Funds41
Adviser PAAMCO PRISMA, LLC	Hedge Fund14.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV14.7b	AUM14.5b	#Funds18

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker55024U109	Stock NameLUMENTUM HLDGS INC (PUT)	$ Position$288,834,360	% Position3.00%	$ Change350.00%	# Change136.00%
Stck Ticker01609WBG6	Stock NameALIBABA GROUP HLDG LTD	$ Position$342,419,587	% Position3.00%	$ Change-11.00%	# Change0.00%
Stck TickerQ4982L109	Stock NameIREN LIMITED (PUT)	$ Position$158,411,308	% Position2.00%	$ Change-36.00%	# Change-30.00%
Stck Ticker594972408	Stock NameSTRATEGY INC (PUT)	$ Position$163,512,960	% Position2.00%	$ Change-4.00%	# Change17.00%
Stck TickerN97284108	Stock NameNEBIUS GROUP N.V. (PUT)	$ Position$72,455,608	% Position1.00%	$ Change38.00%	# Change12.00%
Stck Ticker62914V106	Stock NameNIO INC (PUT)	$ Position$100,064,232	% Position1.00%	$ Change-1.00%	# Change-16.00%
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION (PUT)	$ Position$69,463,520	% Position1.00%	$ Change-27.00%	# Change-22.00%
Stck Ticker30303M102	Stock NameMETA PLATFORMS INC (PUT)	$ Position$54,924,480	% Position1.00%	$ Change-30.00%	# Change-20.00%
Stck Ticker10806XAB8	Stock NameBRIDGEBIO PHARMA INC	$ Position$147,676,279	% Position1.00%	$ Change71.00%	# Change80.00%
Stck Ticker093712AM9	Stock NameBLOOM ENERGY CORP	$ Position$151,198,005	% Position1.00%	$ Change57.00%	# Change2.00%

Brochure Summary

Overview

i) Firm Description Wolverine Asset Management, LLC (“WAM” or “us” or “we”) was formed in 2001 to provide discretionary investment management services to institutional clients using structural arbitrage and relative value strategies. The indirect principal owners of WAM are Christopher Gust and Robert Bellick. ii) Types of Advisory Services WAM offers investment advisory services to institutional clients, including pooled investment vehicles (e.g., hedge funds). WAM serves as the discretionary investment manager to the funds listed below and may, in the future, serve as the discretionary investment manager to additional pooled investment vehicles, accounts, and other arrangements with institutional clients (collectively, the “WAM Funds”). The WAM Funds are offered only to sophisticated institutional investors and qualified purchasers. The “WAM Funds” include:
• Wolverine Flagship Fund, LLC (U.S.-domiciled feeder fund);
• Wolverine Flagship Fund Limited (Cayman-domiciled feeder fund); and
• Wolverine Flagship Fund Trading

Limited (a Cayman-domiciled master fund) (“WFFTL”). The objective of the WAM Funds is to seek returns on capital through arbitrage and relative value strategies. See Item 8 for a more detailed explanation of the specific strategies the WAM Funds implemented. All investment and trading activity takes place at the WFFTL level for the WAM Funds. The general purpose of the U.S.-domiciled feeder fund is to accept investments from U.S. taxable investors, and the general purpose of the Cayman-domiciled feeder fund is to accept investments from U.S. tax-exempt investors and non-U.S. investors. Transactions WAM entered on behalf of WFFTL are outlined in the confidential information memorandum or any other written agreement between WAM and the WAM Funds. Transactions WAM entered on behalf of the WAM Funds are not based on the individual needs of investors in the WAM Funds. iii) Management of Client Assets As of December 31, 2023, WAM managed approximately $3,937,184,721 in client assets on a discretionary basis on behalf of the WAM Funds.

WOLVERINE ASSET MANAGEMENT, LLC

Adviser Profile

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Overview