9AT: SOUTH STREET ADVISORS, LLC

SOUTH STREET ADVISORS, LLC

SOUTH STREET ADVISORS, LLC

Adviser Profile

As of Date	03/31/2026
Registration	SEC, Approved, 04/02/1998
ADV Location	NEW YORK, NY, United States
Contact Info	212 xxxxxxx
Websites

AUM^*	906,054,959 31%
of that, discretionary	906,054,959 31%
Number of Employees	7
of those in investment advisory functions	5
Private Fund GAV^*	0
Avg Account Size	6,565,616 13%
% High Net Worth	< 0.01% -100%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- Pension and profit sharing plans
- Corporations or other businesses not listed above
- Other

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

906M 777M 647M 518M 388M 259M 129M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION	$ Position$66,784,039	% Position9.00%	$ Change13.00%	# Change-1.00%
Stck Ticker032095101	Stock NameAMPHENOL CORP	$ Position$46,336,367	% Position6.00%	$ Change37.00%	# Change-2.00%
Stck Ticker74762E102	Stock NameQUANTA SVCS INC	$ Position$37,375,116	% Position5.00%	$ Change15.00%	# Change-12.00%
Stck Ticker02079K305	Stock NameALPHABET INC	$ Position$40,108,707	% Position5.00%	$ Change22.00%	# Change-2.00%
Stck Ticker532457108	Stock NameELI LILLY & CO	$ Position$32,577,718	% Position4.00%	$ Change27.00%	# Change-3.00%
Stck Ticker912008109	Stock NameUS FOODS HLDG CORP	$ Position$27,314,554	% Position4.00%	$ Change10.00%	# Change-1.00%
Stck Ticker037833100	Stock NameAPPLE INC	$ Position$34,580,256	% Position4.00%	$ Change9.00%	# Change-4.00%
Stck Ticker683344105	Stock NameONTO INNOVATION INC	$ Position$33,651,774	% Position4.00%	$ Change80.00%	# Change-3.00%
Stck Ticker595112103	Stock NameMICRON TECHNOLOGY INC	$ Position$32,410,155	% Position4.00%	$ Change	# Change
Stck Ticker443201108	Stock NameHOWMET AEROSPACE INC	$ Position$29,888,091	% Position4.00%	$ Change9.00%	# Change-6.00%

Brochure Summary

Overview

South Street Advisors, LLC (“SSA”, “We,” the “Firm” or the “Adviser”) is based in New York City and was formed in 1998 after the dissolution of a predecessor company, Carver Cross & Carhart. Our founding principal, Thomas Carhart, owned 50% of Carver Cross & Carhart, which was formed in 1996. South Street Advisors was established to provide investment services tailored to the specific financial requirements of not-for-profit organizations and high net-worth individuals. Our only business is asset management. We do not participate in any wrap- fee programs. In 2009, Stephen Owen joined South Street Advisors as a Principal. Mr. Owen was previously employed for 23 years as a senior portfolio manager and a Managing Director at Brown Brothers Harriman & Co. In 2024, Michael Butts joined South Street Advisors as a Principal. Mr. Butts was previously employed for 18 years as a Partner and Portfolio Manager at Tocqueville Asset Management, L.P. Mr. Carhart owns 58% of South Street Advisors, while Mr. Owen owns 42%. As of the date of this Brochure, Mr. Butts has no ownership. South Street provides financial advice to its clients, which includes setting an investment objective and related asset-allocation mixture that reflects the short-term, mid-term, and long-term return expectations and the risk profile of the client. In addition to financial advice, we offer clients discretionary management

of:
• U.S. portfolios of medium and large capitalization equity issues;
• U.S. balanced portfolios of common stocks and intermediate-term fixed-income securities;
• U.S. balanced portfolios with international equity exposure;
• MSCI Equity Portfolios;
• U.S. intermediate term fixed-income portfolios; and
• Short-term fixed-income portfolios. In some instances, such as commodities, emerging-market equities and/or MSCI Benchmark mandates, we use exchange-traded funds to meet our investment targets. Otherwise, all of our portfolios are managed on a separate account basis, holding individual securities. We tailor our advisory services to the individual needs of our clients. At the beginning of a client relationship, we agree upon an investment objective for the client that reflects his or her return expectations and risk tolerance. We then set a target asset mixture based on the investment objective. Working with each client, we align target levels with a range of upper and lower percentage limits for the permitted asset category. Our clients may impose individual restrictions on our advisory services, such as prohibiting investments in commercial banks or industrial polluters. All of our assets are managed on a discretionary basis. As of December 31, 2023, the Adviser had approximately $692,732,009 in regulatory assets under management.