Adviser Profile

As of Date:

03/25/2024

Adviser Type:

- Large advisory firm

Number of Employees:

of those in investment advisory functions:

Registration:

SEC, Approved, 7/11/2016

Other registrations (1)

AUM:

534,034,830 9.58%

of that, discretionary:

534,034,830 9.58%

GAV:

534,034,830 9.58%

Avg Account Size:

534,034,830 9.58%

SMA’s:

Private Funds:

Contact Info

212 xxxxxxx

Websites :

Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary

Non-discretionary

577M 495M 412M 330M 247M 165M 82M

2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Pie Radar GAV Count

Private Funds Structure

Fund Type	Count	GAV
Hedge Fund	1	$534,034,830

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Private Funds

GAV Count

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
49177J102	KENVUE INC	$18,300,500	10.00%	53.00%	43.00%
525327102	LEIDOS HOLDINGS INC	$19,017,768	10.00%	17.00%	0.00%
498894104	KNIFE RIVER CORP	$15,681,814	9.00%	-26.00%	-46.00%
680665205	OLIN CORP	$16,454,750	9.00%	1.00%	-6.00%
F21107101	CONSTELLIUM SE	$15,968,000	9.00%	10.00%	0.00%
023135106	AMAZON COM INC	$13,864,525	8.00%	4.00%	-13.00%
21037T109	CONSTELLATION ENERGY CORP	$14,026,800	8.00%	-27.00%	-31.00%
29452E101	EQUITABLE HLDGS INC	$10,822,500	6.00%	-10.00%	-24.00%
81689T104	SENDAS DISTRIBUIDORA S A	$11,097,018	6.00%	13.00%	0.00%
29430C102	VESTIS CORPORATION	$10,041,500	5.00%

Brochure Summary

Overview

Advisory Services 4.A. Advisory Firm Description Soapstone was formed in September 2005. Jed Nussdorf is the principal owner of Soapstone. 4.B. Types of Advisory Services Soapstone provides investment advisory and management services on a discretionary basis to Soapstone Capital, L.P. (the “Fund”), a private pooled investment vehicle. The Fund is only open to qualified persons under Section 3(c)(7) of the 1940 Investment Company Act. The Fund principally invests in equity securities, including derivatives and equity-like instruments. 4.C. Client Investment Objectives/Restrictions Investments for the

Fund are managed in accordance with the Fund’s specific investment objectives, strategies and restrictions which are found in its Confidential Offering Memorandum. Investments are not tailored to the individualized needs of any particular investor in the Fund (each, an “Investor”). Investors may not impose restrictions on investing in certain securities or certain types of securities. 4.D. Wrap-Fee Programs Soapstone does not participate in any wrap fee programs. 4.E. Assets under Management As of December 31, 2022, Soapstone had $487,351,050 in regulatory assets under management. All assets are managed on a discretionary basis.