9AT: HESTIA CAPITAL MANAGEMENT, LLC

other names

HESTIA CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	10/02/2025
ADV Location	MARS, PA, United States
Adviser Type - Large advisory firm
Number of Employees	2 -50%
of those in investment advisory functions	1 -50%
Registration	SEC, Approved, 05/19/2023
Other registrations (1)	SEC, Terminated, 04/26/2022
Former registrations	HESTIA CAPITAL MANAGEMENT, LLC

AUM^*	131,913,354 -1%
of that, discretionary	131,913,354 -1%
Private Fund GAV^*	145,203,444 165%
Avg Account Size	43,971,118 -1%
SMA’s	No
Private Funds	3 2
Contact Info	(87 xxxxxxx
Websites

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$145,203,444

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 STEINBERG ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM176.6m	#Funds1
Adviser PHOENICIAN CAPITAL LLC	Hedge Fund135.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV135.2m	AUM139.9m	#Funds2
Adviser CASTLE RIDGE ASSET MANAGEMENT LIMITED	Hedge Fund16.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV16.7m	AUM193.0m	#Funds3
Adviser LIVE OAK WEALTH ADVISORY GROUP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM143.0m	#Funds-
Adviser CALLAWAY CAPITAL MANAGEMENT, LLC	Hedge Fund174.2m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV174.2m	AUM174.2m	#Funds4
Adviser BISHOP ROCK CAPITAL, L.P.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM135.0m	#Funds-
Adviser INTERACTIVE ADVISERS, INTERACTIVE ADVISORS	Hedge Fund34.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV34.8m	AUM168.5m	#Funds1
Adviser CRYSTAL ROCK CAPITAL MANAGEMENT, LLC.	Hedge Fund137.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV137.4m	AUM178.0m	#Funds1
Adviser BRS FINANCIAL LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM72.6m	#Funds-
Adviser NEW AGE ALPHA	Hedge Fund244.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV244.9m	AUM2.6b	#Funds3

Brochure Summary

Overview

Firm Description Hestia Capital Management, LLC (“Hestia”, the “Firm”, or “we”) is a Delaware Limited Liability Company investment adviser founded in January 2009 with its principal place of business in Mars, PA. Principal Owners The principal owner is Kurtis J. Wolf. Types of Advisory Services Hestia is a private investment management firm offering discretionary investment advisory services to private funds and separately managed accounts. Hestia has a specific investment process, as discussed in more detail in Item 8 - Methods of Analysis, Investment Strategies, and Risk of Loss. This process is discussed with the prospective client to determine if Hestia is a good fit for their investment objectives and risk tolerances. If a qualified client, investors will invest in a private fund managed by Hestia. A client may be managed as a separately managed account if they would like more visibility and individualization in their portfolio or if the client has a specific

unique opportunity they would like Hestia to manage. Hestia offers primarily deep value, long-short equity or long only equity strategies, typically holding stocks, ETFs and publicly traded options. U.S. Treasuries, Preferred Stocks, and other related investments may be held as an alternative to holding cash. Tailored Relationships The assets for the separately managed accounts will be managed in accordance with the client’s respective investment objectives and risk tolerances. Investors may be able to place restrictions on separately managed accounts. The private funds managed by Hestia are managed according to the Fund’s investment objectives; investors of the private funds cannot impose restrictions. Wrap Fee Programs Hestia does not place client assets into a wrap fee program. Investment management services are provided directly by Hestia. Client Assets As of January 31, 2023, Hestia managed approximately $134 million in discretionary assets. 5 | Page

HESTIA CAPITAL MANAGEMENT, LLC

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