FIRM DESCRIPTION Odin Capital Management LLC (hereinafter referred to as “Odin Capital,” “we,” “us,” or “our firm”) is a Connecticut limited liability company (“LLC”) with its principal office located in Palm Beach, Florida. Odin Capital Management LLC was founded in 2007 by Ulrik Trampe (Managing Member). In January 2021, Stroud Wealth Management LP became an equal partner of Odin Capital Mangagement LLC with Mr. Trampe. Mr. Ethan B. Stroud is the manager of Stroud Wealth Management LLC, the general partner of Stroud Wealth Management LP. Mr. Stroud owns 99% of Stroud Wealth Management LP and Stroud Wealth Management LLC owns the remaining 1%. Mr. Stroud currently serves as our firm’s Chief Compliance Officer. As a registered investment adviser, we are a fiduciary to you, our client, meaning we have a fundamental obligation to act and provide investment advice that is in your best interest. Should any material conflicts of interest exist that might affect the impartiality of our investment advice, they will be disclosed to you in this Brochure. We urge you to review this Brochure carefully and consider our qualifications, business practices, and the nature of our advisory services before becoming our client. As of December 31, 2023, Odin Capital manages approximately $249,893,221 on a discretionary basis. Odin Capital generally does not manage assets on a non-discretionary basis. Clients may contact Odin Capital for updated information on assets under management. ADVISORY PROGRAMS Odin Capital provides discretionary and non-discretionary investment management services and products to entity and individual investors. We currently provide discretionary investment management services to a pooled investment vehicle, Odin Raven Fund, L.P. (the “Fund”), and serve as the Fund’s general partner (the “General Partner”). Limited partnership interests in the Fund are not registered under the Securities Act of 1933, as amended (the “Securities Act”), and the Fund is not registered under the Investment Company Act of 1940, as amended (the “Act”). Interests in the Fund are privately offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements for private transactions within the U.S. In addition, we provide investment management services on a discretionary basis to separately managed accounts (“Separately Managed Accounts,” “SMAs,” “SMA Clients”). Our advisory services are offered through certain individuals who have registered with Odin Capital as its investment adviser representatives (each, a “portfolio manager”). Please refer to such portfolio manager’s Form ADV Part 2B (the “Brochure Supplement”) for more information about their qualifications. Odin Raven

Fund, L.P. (the “Fund”) The investment objective of the Fund is to achieve attractive returns while managing risk by investing globally in multiple types of assets using a variety of investment strategies. Odin Capital advises the Fund by formulating the Fund’s investment objectives and managing the investment and reinvestment of the Fund’s assets on a fully discretionary basis. The Fund’s assets are managed in accordance with the the terms set forth in the limited partnership agreement, private placement memorandum and other governing documents applicable to the Fund (the “Fund Documents”). The investment guidelines of the Fund are described in the Fund Documents. In general, investors in the Fund are not permitted to impose restrictions or limitations on the management of the Fund’s assets. Separately Managed Accounts (SMA) Odin Capital provides investment management services to our clients where client portfolios are managed according to the client’s stated investment goals and objectives. We provide investment management services in which clients grant our firm the ability to utilize discretion in managing their investment account(s). Specifically, the client grants our firm full power to direct, manage, and change the investment and reinvestment of the assets in the account, the proceeds and any additions. Our authority over the client’s investments includes discretionary authority to purchase and sell securities for the client’s account, to submit aggregated trade orders for the client and others in order to obtain best execution, and to give instructions concerning these transactions to the qualified custodian with which the client’s account(s) are held. We are not required to first consult with the client before placing any specific order or obtain specific authorization from the client for each specific transaction. For certain clients, we provide instructions to the account’s fiduciary to make a purchase or sale in the client’s accounts instead of placing the order ourselves. We receive discretionary authority from our clients through our investment management agreement (the “IMA”) at the outset of our advisory relationship. We generally do not manage accounts on a non-discretionary basis. We may, however, from time to time make an exception upon client request. Wrap Fee Programs. Odin Capital does not participate in any wrap fee programs. Important Note: It is the client’s responsibility to ensure that Odin Capital is promptly notified if there are ever any significant changes to their financial situation, goals, objectives or needs so we can review our previous recommendations and make any necessary adjustments.