Investment adviser · CRD 138907

WOLVERINE ASSET MANAGEMENT, LLC

Investment adviser filing (IA)

CHICAGO, IL, United States · Form ADV filed Jun 12, 2026

Regulatory AUM: $14.8B
Client accounts: 3
Employees: 44
Advisory professionals: 20

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	3	$14,827,291,408	100.0%

Filing source

Form ADV 2113084 · Jun 12, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

3 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

WOLVERINE FLAGSHIP FUND TRADING LIMITEDHedge Fund · Last reported Jun 12, 2026$14.8BGross asset value

Feeder funds

WOLVERINE FLAGSHIP FUND, LLC
WOLVERINE FLAGSHIP FUND LIMITED

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE CHICAGO, Illinois, United States

Custodian BANK OF AMERICA N.A. NEW YORK, New York, United States Related to adviser: No

Custodian BANK OF MONTREAL TORONTO, ONTARIO, Canada Related to adviser: No

Custodian BARCLAYS BANK PLC NEW YORK, New York, United States Related to adviser: No

Custodian BNP PARIBAS SECURITIES CORP. LONDON, United Kingdom Related to adviser: No

Custodian CIBC WORLD MARKETS INC. TORONTO, ONTARIO, Canada Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC CHICAGO, Illinois, United States Related to adviser: No

Custodian GOLDMAN SACHS INTERNATIONAL NEW YORK, New York, United States Related to adviser: No

Custodian HSBC BANK PLC LONDON, ENGLAND, United Kingdom Related to adviser: No

Custodian JEFFERIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MERRILL LYNCH INTERNATIONAL NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. LLC NEW YORK, New York, United States Related to adviser: No

Custodian NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States Related to adviser: No

Custodian NOMURA INTERNATIONAL PLC LONDON, ENGLAND, United Kingdom Related to adviser: No

Custodian NORTHERN TRUST SECURITIES, INC. CHICAGO, Illinois, United States Related to adviser: No

Custodian SCOTIA CAPITAL (USA) INC. NEW YORK, New York, United States Related to adviser: No

Custodian SOCIETE GENERALE JERSEY CITY, New Jersey, United States Related to adviser: No

Custodian STATE STREET BANK AND TRUST COMPANY BOSTON, Massachusetts, United States Related to adviser: No

Custodian STONEX FINANCIAL INC. WINTER PARK, Florida, United States Related to adviser: No

Custodian TD SECURITIES (USA) LLC NEW YORK, New York, United States Related to adviser: No

Prime broker BNP PARIBAS SECURITIES CORP. NEW YORK, New York, United States

Prime broker CIBC WORLD MARKETS CORP. NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker JEFFERIES LLC NEW YORK, New York, United States

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker NATIONAL FINANCIAL SERVICES LLC BOSTON, Massachusetts, United States

Prime broker PERSHING LLC JERSEY CITY, New Jersey, United States

Prime broker SCOTIA CAPITAL (USA) INC. NEW YORK, New York, United States

Prime broker STATE STREET GLOBAL MARKETS, LLC BOSTON, Massachusetts, United States

Prime broker STONEX FINANCIAL INC. WINTER PARK, Florida, United States

Prime broker TD SECURITIES (USA) LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE
PCAOB 34

BANK OF AMERICA N.A.
LEI 9DJT3UXIJIZJI4WXO774

BANK OF MONTREAL
LEI NQQ6HPCNCCU6TUTQYE16

BARCLAYS BANK PLC
LEI G5GSEF7VJP5I7OUK5573

BNP PARIBAS SECURITIES CORP.
SEC 8-32682

CIBC WORLD MARKETS INC.
LEI 549300TDJKVQJ41VN031

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

GOLDMAN SACHS & CO. LLC
SEC 8-129

GOLDMAN SACHS INTERNATIONAL
LEI W22LROWP2IHZNBB6K528

HSBC BANK PLC
LEI MP6I5ZYZBEU3UXPYFY54

JEFFERIES LLC
SEC 8-15074

J.P. MORGAN SECURITIES LLC
SEC 8-35008

MERRILL LYNCH INTERNATIONAL
LEI GGDZP1UYGU9STUHRDP48

MORGAN STANLEY & CO. LLC
SEC 8-15869

NATIONAL FINANCIAL SERVICES LLC
SEC 8-26740

NOMURA INTERNATIONAL PLC
LEI DGQCSV2PHVF7I2743539

NORTHERN TRUST SECURITIES, INC.
SEC 8-23689

SCOTIA CAPITAL (USA) INC.
SEC 8-3716

SOCIETE GENERALE
LEI O2RNE8IBXP4R0TD8PU41

STATE STREET BANK AND TRUST COMPANY
LEI 571474TGEMMWANRLN572

STONEX FINANCIAL INC.
SEC 8-51269

TD SECURITIES (USA) LLC
SEC 8-36747

BNP PARIBAS SECURITIES CORP.
CRD 15794 · SEC 8-32682

CIBC WORLD MARKETS CORP.
CRD 630 · SEC 8-18333

CITIGROUP GLOBAL MARKETS INC.
CRD 7059 · SEC 8-8177

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

JEFFERIES LLC
CRD 2347 · SEC 8-15074

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

NATIONAL FINANCIAL SERVICES LLC
CRD 13041 · SEC 8-26740

PERSHING LLC
CRD 7560 · SEC 8-17574

SCOTIA CAPITAL (USA) INC.
CRD 2739 · SEC 8-3716

STATE STREET GLOBAL MARKETS, LLC
CRD 285852 · SEC 8-69862

STONEX FINANCIAL INC.
CRD 45993 · SEC 8-51269

TD SECURITIES (USA) LLC
CRD 18476 · SEC 8-36747

Fund details & source

Fund ID: 805-6026110521
Reported beneficial owners: 146
Minimum commitment: $5M
Form D file number: 021-157181
Form D file number: 021-157183

Form ADV 2113084 · Jun 12, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WOLVERINE INTRINSIC MASTER FUND LTD.Hedge Fund · Last reported Apr 9, 2020$699MGross asset value

Feeder funds

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE CHICAGO, Illinois, United States

Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS & CO. LLC CHICAGO, Illinois, United States Related to adviser: No

Custodian SCOTIA CAPITAL (USA) INC. NEW YORK, New York, United States Related to adviser: No

Prime broker DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States

Prime broker GOLDMAN SACHS & CO. LLC CHICAGO, Illinois, United States

Prime broker SCOTIA CAPITAL (USA) INC. NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

DELOITTE
PCAOB 34

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

GOLDMAN SACHS & CO. LLC
SEC 8-129

SCOTIA CAPITAL (USA) INC.
SEC 8-3716

DEUTSCHE BANK SECURITIES INC.
CRD 2525 · SEC 8-17822

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

SCOTIA CAPITAL (USA) INC.
CRD 2739 · SEC 8-3716

Fund details & source

Fund ID: 805-3774506215
Reported beneficial owners: 8
Minimum commitment: $2M
Form D file number: 021-314432
Form D file number: 021-314504

Form ADV 1408946 · Apr 9, 2020 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

WOLVERINE LIQUID OPPORTUNITY MASTER FUND SPC LIMITEDHedge Fund · Last reported Oct 21, 2015$61.8MGross asset value

Feeder funds

WOLVERINE LIQUID OPPORTUNITY FUND LIMITED
WOLVERINE LIQUID OPPORTUNITY FUND, LLC

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES, LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor DELOITTE CHICAGO, Illinois, United States

Custodian GOLDMAN SACHS EXECUTION & CLEARING, L.P. CHICAGO, Illinois, United States Related to adviser: No

Custodian JP MORGAN CHASE BANK N.A. NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS EXECUTION & CLEARING, L.P. CHICAGO, Illinois, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GOLDMAN SACHS EXECUTION & CLEARING, L.P.
SEC 8-526

GOLDMAN SACHS EXECUTION & CLEARING, L.P.
CRD 3466 · SEC 8-526

Fund details & source

Fund ID: 805-9026604302
Reported beneficial owners: 6
Minimum commitment: $1M
Form D file number: 021-1530809
Form D file number: 021-1530810

Form ADV 950788 · Oct 21, 2015 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jun 12, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

175 WEST JACKSON BLVD., SUITE 340
CHICAGO, IL, 60604, United States

CRD 138907

Filing source

Form ADV 2113084 · Jun 12, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.