9AT: CANDLESTICK CAPITAL MANAGEMENT LP

Adviser Profile

As of Date	12/24/2025
Registration status	Terminated
ADV Location	GREENWICH, CT, United States
Contact Info	203 xxxxxxx
Websites

AUM^*	5,163,680,000 -15%
of that, discretionary	5,163,680,000 -15%
Number of Employees	40 -7%
of those in investment advisory functions	30 -9%
Private Fund GAV^*	0 -100%
Avg Account Size	1,032,736,000 -32%
SMA’s	No
Private Funds	0 4

Adviser Type

- Large advisory firm

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

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 ARMISTICE CAPITAL LLC	Hedge Fund4.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.7b	AUM4.7b	#Funds3
Adviser LEADENHALL CAPITAL PARTNERS	Hedge Fund2.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.6b	AUM5.7b	#Funds12
Adviser SOUTHEASTERN ASSET MANAGEMENT INC.	Hedge Fund8.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV8.7m	AUM3.7b	#Funds1
Adviser CINCTIVE CAPITAL MANAGEMENT LP	Hedge Fund3.1b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.1b	AUM3.1b	#Funds6
Adviser SPX CAPITAL MANAGEMENT LLC	Hedge Fund2.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.8b	AUM350.0m	#Funds11
Adviser MKP CAPITAL MANAGEMENT, L.L.C.	Hedge Fund2.9b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV2.9b	AUM12.9b	#Funds4
Adviser PROPRIETARY CAPITAL, LLC	Hedge Fund505.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV505.5m	AUM651.8m	#Funds19
Adviser EMPYREAN CAPITAL PARTNERS, LP	Hedge Fund5.0b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV5.0b	AUM5.0b	#Funds4
Adviser VR ADVISORY SERVICES LTD.	Hedge Fund9.6b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV9.6b	AUM9.8b	#Funds6
Adviser KIRKOSWALD CAPITAL MANAGEMENT LIMITED	Hedge Fund321.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund22.6m	Total Private Fund GAV344.4m	AUM5.0b	#Funds8

Brochure Summary

Overview

Candlestick Capital Management LP, a Delaware limited partnership (“Candlestick”), was founded in January 2019. Candlestick began operations as an investment adviser on October 1, 2019, and serves as the discretionary investment manager to its private fund Clients, as defined below. Candlestick was founded by John “Jack” Woodruff, who serves as its Chief Investment Officer. Mr. Woodruff (directly and through entities he controls) controls and is the majority owner of Candlestick and its affiliated management and general partner entities. Candlestick’s private fund Clients are Candlestick Master Fund LP, a Cayman Islands exempted limited partnership (the “Master Fund”), Candlestick Cayman Feeder Ltd, a Cayman Islands exempted company (the “Offshore Feeder”), Candlestick US Feeder LP, a Delaware limited partnership (the “US Feeder,” together with the Offshore Feeder, the “Feeder Funds”) and Candlestick US F&F Fund LP, a Delaware limited partnership (the “F&F Fund,” and together with the Master Fund, the “Trading Funds”; the Trading Funds and Feeder Funds together are the “Funds” or “Clients”). The Offshore Feeder and the US Feeder each invest substantially all of their assets in the Master Fund. In addition, one investor (the “Strategic Investor”) invested directly into a separate share

class of the Master Fund. The F&F Fund has the same investment objective as, and is managed generally pari passu with, the Master Fund. Candlestick Funds GP LLC (the “Candlestick GP”), an affiliate of Candlestick, acts as the general partner of the Master Fund, the US Feeder and the F&F Fund. Candlestick generally has broad investment authority with respect to its management of the Trading Funds’ assets, although the Funds invest primarily in equity securities and related financial instruments of U.S. and international companies. Candlestick does not tailor its advisory services to the individual needs of investors in the Funds (“Fund Investors”) and generally does not accept Fund Investor-imposed investment restrictions. However, Candlestick may advise separately managed accounts for particular clients, in which event such accounts will be subject to investment objectives, guidelines and restrictions, fee arrangements and other terms individually negotiated with each such separate account holder. Candlestick does not participate in wrap fee programs. As of December 31, 2023, Candlestick’s regulatory assets under management were approximately $6,086,161,000, all of which are managed on a discretionary basis. Candlestick does not manage assets on a non-discretionary basis.

CANDLESTICK CAPITAL MANAGEMENT LP

CANDLESTICK CAPITAL MANAGEMENT LP

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

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CANDLESTICK CAPITAL MANAGEMENT LP CANDLESTICK CAPITAL MANAGEMENT LP

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Similar advisers

Brochure Summary

Overview

CANDLESTICK CAPITAL MANAGEMENT LP

CANDLESTICK CAPITAL MANAGEMENT LP