9AT: PENBROOK MANAGEMENT LLC

other names

PENBROOK MANAGEMENT LLC

Adviser Profile

As of Date	02/11/2026
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	4
of those in investment advisory functions	4
Registration	SEC, Approved, 08/27/2004

AUM^*	175,390,001 0%
of that, discretionary	175,390,001 0%
Private Fund GAV^*	9,261,258 25%
Avg Account Size	1,043,988 8%
% High Net Worth	45.68% -3%
SMA’s	Yes
Private Funds	1
Contact Info	212 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Pension consulting services

Compensation Arrangments

- A percentage of assets under your management

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$9,261,258

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 AWH CAPITAL, L.P.	Hedge Fund126.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV126.1m	AUM126.1m	#Funds1
Adviser GATE CITY CAPITAL MANAGEMENT, LLC	Hedge Fund80.1m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV80.1m	AUM253.6m	#Funds1
Adviser KANAME CAPITAL, L.P.	Hedge Fund273.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV273.9m	AUM295.8m	#Funds1
Adviser SIERRA GLOBAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM145.4m	#Funds-
Adviser ANABRANCH CAPITAL MANAGEMENT, LP	Hedge Fund397.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV397.0m	AUM397.0m	#Funds4
Adviser HIDDENITE CAPITAL PARTNERS LP	Hedge Fund135.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV135.4m	AUM137.8m	#Funds3
Adviser DAVENTRY GROUP LP	Hedge Fund271.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV271.3m	AUM313.0m	#Funds4
Adviser CUNNING CAPITAL, LLC	Hedge Fund228.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV228.4m	AUM228.4m	#Funds1
Adviser METAURUS ADVISORS LLC	Hedge Fund7.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV7.4m	AUM953.7m	#Funds1
Adviser ALLY BRIDGE GROUP (NY) LLC	Hedge Fund256.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV256.5m	AUM167.9m	#Funds3

Brochure Summary

Overview

Penbrook Management LLC (“Penbrook”), a Delaware limited liability company, is an independent, SEC-registered investment adviser with its principal place of business located in New York. Robert S. Anderson and Barbara Burke DiCostanzo are principal owners and co- founded Penbrook with the late Ralph Kaplan in 2004. INVESTMENT ADVISORY INDIVIDUAL PORTFOLIO MANAGEMENT Penbrook provides Investment Advisory Services, defined as giving continuous advice to a client or making investments for a client based on the individual needs of the client. Through personal discussions with the client, Penbrook identifies goals and objectives of the client based on their particular circumstances and creates and manages a portfolio based on stated objectives. Penbrook provides this service to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, pooled investment vehicles, corporations and other business entities. Penbrook will manage advisory accounts on a discretionary and non- discretionary basis. Penbrook will create a portfolio consisting primarily of individual equities, and additionally we can invest in bonds, closed end funds, and other investment products. Clients will have the opportunity to place reasonable restrictions on the types of investments which will be made on the client’s behalf. Clients will retain individual ownership of all securities. Each Penbrook portfolio manager has his or her own investment philosophy and focus; consequently, portfolio construction

will vary based on which portfolio manager is the advisor of record for that client. Upon being assigned to a client, the portfolio manager will explain his or her own strategies to that client. Penbrook will take each client’s personal situation into account. However, Penbrook also will stress that, while each manager has her or his own style, all current managers invest mostly in common stocks with an objective of capital appreciation aligned to the individual client’s risk tolerance and overall objectives. . When appropriate to the needs of the client, Penbrook may recommend the use of margin transactions or option writing. Because these investment strategies involve certain additional degrees of risk, they will only be recommended when consistent with the client’s stated tolerance for risk. Penbrook also provides investment management services to AnKap Partners, L.P. (“AnKap Fund”), a private investment fund or hedge fund holding predominantly small and mid-cap stocks in which Penbrook’s clients may invest, subject to investment suitability requirements. Penbrook manages the AnKap Fund on a discretionary basis in accordance with the terms and conditions of the Fund’s offering and organizational documents. Penbrook does not participate in any wrap fee programs. AMOUNT OF MANAGED ASSETS As of 12/31/2022, Penbrook managed $146,364,580 of clients' assets on a discretionary basis. Penbrook Management does not manage any accounts on a non-discretionary basis at this time. 5 | P a g e

PENBROOK MANAGEMENT LLC

Adviser Profile

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