Overview
Oakmont is a California corporation that was formed in August 1980. Oakmont considers itself a
family office that provides investment advice, financial planning and various administrative
services to members of a family and several individuals who have long-standing relationships with
one or more family members. These services are provided to the family members and other
individuals and to certain entities that they control or with which they are affiliated, including
trusts, foundations, corporations, limited liability companies and partnerships. Oakmont is also the
general partner or manager of pooled investment vehicles (each, a “Fund” and collectively the
“Funds”).
The Robert A. Day Trust dated March 22, 2000, as amended (the “Trust”), is the owner of
Oakmont. Peter Carlton and Ronald Spogli are the Co-Trustees the Trust. Sumo Gupta is the
portfolio manager of Oakmont as well as The Cypress Funds LLC (“Cypress”), which is also an
SEC registered investment adviser
to investment funds.
Oakmont shares office space with Cypress and certain Oakmont employees provide services to
Cypress.
Oakmont invests on a discretionary basis for its clients principally, but not solely, in equity and
equity-related securities. It also provides advice regarding debt securities, partnerships investing
in venture capital, private equity, real estate and leveraged buyout funds. Oakmont’s clients may
also invest directly in real estate and privately held companies.
Oakmont generally tailors its services to the individual needs of each client. Clients also generally
may impose restrictions on investing in certain securities or types of securities. Investors in some
of the Funds, however, have no opportunity to select or evaluate any Fund investments or strategies.
Oakmont selects those Funds’ investments and strategies.
As of December 31, 2023, Oakmont had total discretionary assets under management of
$2,201,228,288 and $73,543,585 of non-discretionary assets under management at year-end.