STEAMBOAT CAPITAL PARTNERS, LLC

other names
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Adviser Profile
As of Date 05/24/2024
Adviser Type - Large advisory firm
Number of Employees 3 -40.00%
of those in investment advisory functions 3 -40.00%
Registration SEC, Approved, 7/6/2016
Other registrations (1)
AUM* 371,270,857 -7.54%
of that, discretionary 371,270,857 -7.54%
Private Fund GAV* 280,066,974 -46.38%
Avg Account Size 53,038,694 -7.54%
SMA’s No
Private Funds 4
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
654M 560M 467M 373M 280M 187M 93M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count4 GAV$280,066,974

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
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Stck Ticker02079K107 Stock NameALPHABET INC CAP STK $ Position$20,153,273 % Position7.00% $ Change6.00% # Change-12.00%
Stck Ticker00108J109 Stock NameACM RESH INC $ Position$16,123,736 % Position6.00% $ Change-21.00% # Change0.00%
Stck Ticker30303M102 Stock NameMETA PLATFORMS INC $ Position$16,671,530 % Position6.00% $ Change-1.00% # Change-5.00%
Stck Ticker03769M106 Stock NameAPOLLO GLOBAL MGMT INC $ Position$14,996,189 % Position6.00% $ Change8.00% # Change3.00%
Stck Ticker11135F101 Stock NameBROADCOM INC $ Position$14,449,772 % Position5.00% $ Change-12.00% # Change-27.00%
Stck Ticker20459V105 Stock NameCOMPOSECURE INC $ Position$10,188,365 % Position4.00% $ Change1.00% # Change7.00%
Stck Ticker24703L202 Stock NameDELL TECHNOLOGIES INC $ Position$11,032,800 % Position4.00% $ Change-3.00% # Change-20.00%
Stck Ticker88033G407 Stock NameTENET HEALTHCARE CORP $ Position$11,972,700 % Position4.00% $ Change14.00% # Change-10.00%
Stck Ticker87724P106 Stock NameTAYLOR MORRISON HOME CORP $ Position$8,541,973 % Position3.00% $ Change-8.00% # Change3.00%

Brochure Summary

Overview

Steamboat Capital Partners, LLC (which we sometimes refer to as “Steamboat”) is a Delaware limited liability company formed in 2012. Our principal owner is Steamboat Capital Partners Trust, a trust formed for estate planning purposes by Parsa Kiai, our managing member and portfolio manager. In this document, the words “we” and “our” refer to Steamboat. We employ a fundamental, value-oriented investment strategy with a principal focus on listed equity and debt securities we believe are mispriced relative to their intrinsic values. We invest opportunistically across sectors and market capitalizations. The investment objective is to achieve superior, long-term compounded annual returns on capital while minimizing the risk of permanent loss. We believe concentrating on our best ideas leads to the best outcomes and therefore may take relatively concentrated positions. Selling securities short is a significant part of our investment strategy. We provide investment advice to (i) Steamboat Capital Partners Master Fund, LP (the “Master Fund”); (ii) Steamboat Capital Partners Fund, LP and Steamboat Capital Partners Offshore Fund, Ltd. (which invest through the Master Fund); (iii) Steamboat Capital Partners II, LP (a fund for certain non- qualified purchasers, which to the extent
legally possible generally invests pari passu with the Master Fund); and (iv) three separately managed accounts for pooled investment vehicles using strategies similar to that of the Master Fund. We also provide investment advice to another investment adviser (the “IA Client”) for whom we do not have any regulatory assets under management and for which we do not manage any investments. We refer to Steamboat Capital Partners Fund, LP and Steamboat Capital Partners Offshore Fund, Ltd. as the “Feeder Funds” and Steamboat Capital Partners Master Fund, LP as the “Master Fund”. We refer to Steamboat Capital Partners II, LP as the 3(c)(1) Fund. The Feeder Funds, the 3(c)(1) Fund and the Master Fund are referred to collectively as the “Funds”. The other accounts we manage are referred to as the “SMA”. We generally do not tailor our advisory services to the individual needs of clients, but certain of the SMA have negotiated restrictions on investing in certain securities or types of securites or other restrictions on positions or the overall portfolio. As of February 28, 2024, our assets under management (calculated in accord with the method for computing regulatory assets under management) were approximately $371.3 million on a discretionary basis on behalf of 7 clients.