9AT: COVEY CAPITAL ADVISORS, LLC

COVEY CAPITAL ADVISORS, LLC

other names

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Adviser Profile

As of Date	06/17/2024
Adviser Type - Large advisory firm
Number of Employees	2 -33.33%
of those in investment advisory functions	2 -33.33%
Registration	SEC, Approved, 08/16/2010

AUM^*	167,157,461 13.37%
of that, discretionary	167,157,461 13.37%
Private Fund GAV^*	0 -100.00%
Avg Account Size	4,517,769 -54.04%
% High Net Worth	91.89% 31.27%
SMA’s	Yes
Private Funds	0 1
Contact Info	404 xxxxxxx

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Charitable organizations
- Other investment advisers

Advisory Activities

- Portfolio management for individuals and/or small businesses

Compensation Arrangments

- A percentage of assets under your management

Reported AUM

Discretionary

Non-discretionary

347M 297M 248M 198M 149M 99M 50M

2016 2017 2018 2019 2020 2021 2022 2023

Private Funds

GAV Count

Employees

Brochure Summary

Overview

General Information Covey Capital Advisors, LLC (“Covey Capital”) was formed in 2007 and provides investment advisory services on a discretionary basis to our clients, primarily individuals (including high net worth individuals) family offices and foundations. Separately Managed Accounts Covey Capital provides investment advisory services on a discretionary basis to clients in Separately Managed Accounts. As a discretionary investment adviser, Covey Capital will have the authority to supervise and direct the portfolio without prior consultation with the client. Investment guidelines, terms, conditions and fees are set forth in an investment management agreement between Covey Capital and the client. Upon the inception of a client relationship, the adviser and the client will agree upon an investment objective and strategy, which may, but is not required to be, similar to the investment objective and strategy of a Fund managed by the adviser. Clients with separately managed accounts have the right to impose certain restrictions

on Covey Capital, such as prohibiting the inclusion of certain types of stocks in a portfolio or prohibiting the sale of certain stocks held in the account at the commencement of the relationship. Such restrictions and guidelines imposed by clients affect the composition and performance of portfolios. For these and other reasons, performance of portfolios within the same investment objective may differ and clients should not expect that the performance of their portfolios would be identical with either the average client of Covey Capital or of the Covey Funds. Principal Owners J. Christopher Lanigan and Robert Scott Mayo are the owners of Covey Capital. Please see Appendix A, Brochure Supplement, for more information on these owners and other individuals who formulate investment advice and have direct contact with clients or have discretionary authority over client accounts. Type and Value of Assets Currently Managed As of December 31, 2023, Covey Capital had $167,157,461 in Regulatory AUM, all on a discretionary basis.