Overview
A. Stokes Asset Management, LLC (the “Adviser,” “we,” “us,” or “our”) is an investment adviser
founded in 2022, registered with the U.S. Securities and Exchange Commission (“SEC”), and
principally owned by Douglas Stokes, Gregory Stokes, and David Stokes.
Adviser’s current business activity is limited to providing discretionary investment advisory to one
pooled investment vehicle that is structured as a Delaware limited partnership. The pooled
investment vehicle is Stokes Opportunity Fund I, LP (the “Fund”), and the Fund’s general partner
is Stokes Opportunity Fund I GP, LLC (the “General Partner”). The General Partner is under
common control with the Adviser.
B. The Adviser provides discretionary investment advisory services to the Fund based on the
investment objectives of the Fund. Adviser does not provide tailored investment advice to the
Limited Partners in the Fund. The Fund’s investment objective is to systematically take advantage
of a market crisis event (the “Trigger Event”) by investing in stocks that are believed to increase in
value when liquidity returns to the equity and debt markets and the economy rebounds. The Fund
will seek capital appreciation principally by being a liquidity provider during a market dislocation
through the purchase of what we believe to be undervalued equity positions. Before such time as
a Trigger Event occurs,
the assets of the Fund will remain uninvested in cash.
Discretionary investment management services to the Fund have been delegated by the General
Partner to an investment sub-adviser (the “Sub-Adviser”), which as of the date of this brochure is
O’Shaughnessy Asset Management, LLC.
C. This document is not an offer to sell or a solicitation of an offer to buy interests in the Fund. Such
an investment may be made by a potential investor (each, an “Investor”) only after receipt and
review of the Fund’s Confidential Private Placement Memorandum (the “Memorandum”) and
execution of certain agreements. The Memorandum contains important information concerning
the risk factors and other material aspects of the Fund and it must be ready carefully before
making an investment decision. The information in this document is qualified in its entirety by, and
should be ready in conjunction with, the information contained in the Memorandum. A copy of the
Memorandum is available upon request to Investors meeting the definitions of both ‘accredited
investor’ and ‘qualified client’ as such terms are defined under U.S. federal securities laws.
D. The Adviser does not participate in any wrap fee programs.
E. Since this brochure was filed as part of Adviser’s initial registration, Adviser does not yet manage
any discretionary or non-discretionary client assets.