ADVISORY BUSINESS
A. General Description of Advisory Firm.
Junto Capital Management LP (the "Investment Manager", “we” and “us”) is a Delaware
limited partnership that was formed in 2013 and began advising outside capital in January 2014.
Our primary office is in New York City, though we also have a back-up office in Remsenburg,
New York. We currently provide investment advisory services to private investment vehicles in a
single master-feeder structure (the “Funds”). We are controlled by our principal owner, James
Parsons (the "Principal Owner"), who acts as the managing member of the Investment Manager’s
general partner, Junto GP LLC, a Delaware limited liability company. The Principal Owner is
also a limited partner of the Investment Manager.
B. Description of Advisory Services.
This Brochure generally includes information about us and our relationships with our
clients. While much of this Brochure applies to all such clients, certain information included
herein applies to specific clients only.
We serve as the investment adviser, with discretionary trading authority, to the following
Funds:
(1) Junto Capital Partners LP, a Delaware limited partnership (the "Domestic Fund");
(2) Junto Offshore Fund Ltd., a Cayman Islands exempted company (the "Offshore Fund");
(3) Junto Intermediate Fund Ltd., a Cayman Islands exempted company (the "Intermediate
Fund");
(4) Junto Offshore Fund II Ltd., a Cayman Islands exempted company (the "Offshore Fund
II", and together with the Domestic Fund and the Offshore Fund, the "Feeder Funds");
and
(5) Junto Master Fund Ltd.,
a Cayman Islands exempted company (the "Master Fund").
From time to time the Feeder Funds offer their securities on a private placement basis to
certain eligible investors. The Domestic Fund, the Offshore Fund (through its investment in the
Intermediate Fund) and the Offshore Fund II invest substantially all of their assets through the
Master Fund.
Junto Capital Partners GP LLC (the "Fund General Partner") serves as the general partner
of the Domestic Fund and as the manager of the Intermediate Fund.
The Investment Manager employs an investment process grounded in fundamental analysis
and valuation assessment to identify an attractive opportunity set within a universe of companies,
and to build a portfolio of investments for the Funds comprised of the long and short ideas that the
Investment Manager believes offer the most attractive risk/reward. Please see Item 8 “Methods of
Analysis, Investment Strategies and Risk of Loss” for a detailed description of the investment
strategies that the Investment Manager employs in managing the Funds.
C. Availability of Customized Services for Individual Clients.
Our investment decisions and advice with respect to each Fund will be subject to each
Fund's investment objectives and guidelines, as set forth in its respective offering documents.
D. Wrap Fee Programs.
We do not currently participate in any Wrap Fee Programs.
E. Assets Under Management.
As of December 31, 2023, we managed approximately $8,821,371,747 of Regulatory
Assets Under Management on a discretionary basis. We do not manage any assets on a non-
discretionary basis.