9AT: OLD WEST INVESTMENT MANAGEMENT, LLC

other names

OLD WEST INVESTMENT MANAGEMENT, LLC

Adviser Profile

As of Date	03/31/2025
ADV Location	LOS ANGELES, CA, United States
Adviser Type - Large advisory firm
Number of Employees	7 17%
of those in investment advisory functions	7 17%
Registration	SEC, Approved, 10/15/2008

AUM^*	476,543,531 19%
of that, discretionary	466,480,390 49%
Private Fund GAV^*	246,306,039
Avg Account Size	860,187 -28%
% High Net Worth	81.00% 15%
SMA’s	Yes
Private Funds	3
Contact Info	(21 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pooled investment vehicles
- Charitable organizations
- State or municipal government entities
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeHedge Fund	Count3	GAV$246,306,039

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 INDIA CAPITAL LLC	Hedge Fund348.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV348.9m	AUM348.9m	#Funds1
Adviser CLEARFIELD CAPITAL MANAGEMENT LP	Hedge Fund280.5m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV280.5m	AUM280.5m	#Funds4
Adviser EDENBROOK CAPITAL, LLC	Hedge Fund242.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV242.0m	AUM242.0m	#Funds2
Adviser PALO DURO INVESTMENT PARTNERS, LP	Hedge Fund320.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV320.8m	AUM425.7m	#Funds3
Adviser SAMJO MANAGEMENT, LLC	Hedge Fund131.0m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV131.0m	AUM347.1m	#Funds2
Adviser ROTHSCHILD CAPITAL PARTNERS	Hedge Fund181.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV181.6m	AUM467.8m	#Funds2
Adviser TAMARACK ADVISERS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM317.0m	#Funds-
Adviser CLADRIUS PARTNERS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM211.2m	#Funds-
Adviser MONEDA USA, INC.	Hedge Fund254.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV254.3m	AUM635.8m	#Funds3
Adviser SG CAPITAL MANAGEMENT LLC	Hedge Fund314.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV314.6m	AUM957.4m	#Funds3

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker89621C105	Stock NameTRILOGY METALS INC NEW	$ Position$25,547,659	% Position6.00%	$ Change71.00%	# Change10.00%
Stck Ticker65340P106	Stock NameNEXGEN ENERGY LTD	$ Position$23,715,459	% Position5.00%	$ Change35.00%	# Change5.00%
Stck Ticker011532108	Stock NameALAMOS GOLD INC NEW	$ Position$16,418,966	% Position4.00%	$ Change20.00%	# Change-8.00%
Stck Ticker008474108	Stock NameAGNICO EAGLE MINES LTD	$ Position$17,366,607	% Position4.00%	$ Change49.00%	# Change5.00%
Stck TickerH11356104	Stock NameBUNGE GLOBAL SA	$ Position$15,262,935	% Position4.00%	$ Change12.00%	# Change11.00%
Stck Ticker116794108	Stock NameBRUKER CORP	$ Position$18,631,784	% Position4.00%	$ Change93.00%	# Change144.00%
Stck Ticker539830109	Stock NameLOCKHEED MARTIN CORP	$ Position$19,371,393	% Position4.00%	$ Change47.00%	# Change36.00%
Stck Ticker136385101	Stock NameCANADIAN NAT RES LTD	$ Position$16,254,586	% Position4.00%	$ Change47.00%	# Change44.00%
Stck Ticker13321L108	Stock NameCAMECO CORP	$ Position$17,478,772	% Position4.00%	$ Change6.00%	# Change-6.00%
Stck Ticker128246105	Stock NameCALAVO GROWERS INC	$ Position$11,196,024	% Position3.00%	$ Change-1.00%	# Change2.00%

Brochure Summary

Overview

Firm Description Old West Investment Management, LLC (“Old West” or the “Firm”) is an independent investment management firm established in 2008. The Firm manages a variety of equity, fixed income and alternative assets for individuals and institutions. Principal Owners The Firm is privately owned by employees and outside shareholders. As of report date, Employees collectively own approximately 69% of the Firm and outside shareholders own the remaining 31%. Old West’s Chairman, Joseph Boskovich, Sr. is the principal owner of the Firm with over 25% of the Firm’s outstanding shares. Types of Advisory Services Old West provides investment management services to individuals and institutional investors through separately managed accounts and limited partnerships. Old West primarily provides those services through seven separate strategies, namely Large Cap, Small/Mid Cap, All Cap Opportunity, Focused, Income, Absolute Return, and Opportunity. In addition to those primary strategies, Old West also manages a limited number of custom accounts and escrow accounts that are not collectively managed to a specific strategy. Please see the Types of Clients section of this brochure for more information on our clients and the Methods of Analysis, Investment Strategies and Risk of Loss section of this brochure for more

information on our strategies. Tailored Relationships Old West primarily manages client portfolios through a model portfolio approach. In the model approach, portfolios in a particular strategy (e.g., Large Cap, Small/Mid Cap, etc.) are grouped together and traded according to its respective model. When the Portfolio Manager changes the model, all portfolios in the strategy are typically changed as well. Clients may impose reasonable restrictions on investing in certain securities or types of securities held in separately managed accounts; however, no restrictions may be made with respect to investments in the limited partnerships. Client imposed restrictions must be submitted in writing. Wrap Fee Programs Old West currently participates and provides investment advisory services to the following wrap fee programs listed below: Platform: Sponsor: Lockwood Sponsored Program Lockwood Advisers, Inc. There are no differences between how we manage wrap fee accounts and how we manage other accounts not obtained through a wrap program. Old West receives a portion of the wrap fee, which is paid to the Sponsor by the client, for providing investment advisory services to the wrap program. Client Assets As of December 31, 2023, Old West managed $394,091,930 on a discretionary basis and $7,763,204 on a non-discretionary basis.

OLD WEST INVESTMENT MANAGEMENT, LLC

Adviser Profile

Details

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Compensation Arrangments

Reported AUM

Private Funds

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