Southpoint Capital Advisors LP (“Southpoint”) is a Delaware limited partnership that has been in
the investment management business since March 2004 and provides discretionary investment
advice to private investment funds. The general partner of Southpoint is Southpoint Capital
Advisors LLC, a Delaware limited liability company. John S. Clark II is the principal owner of
Southpoint and is the managing member and sole owner of Southpoint Capital Advisors LLC.
Southpoint has an investment management agreement with Southpoint Qualified Fund, LP, a
Delaware limited partnership (the “Domestic Feeder Fund”), Southpoint Qualified Offshore Fund,
Ltd., an exempted company incorporated under the laws of the Cayman Islands (the “Offshore
Feeder Fund”, and together with the Domestic Feeder Fund, the “Feeder Funds”), and Southpoint
Master Fund, LP, an exempted limited partnership organized under the laws of the Cayman Islands
(the “Master Fund,” and together with the Feeder Funds, the “Funds”). The Feeder Funds invest
all of their investable assets in, and conduct all of their trading activities through, the Master Fund.
Southpoint makes all investment decisions on behalf of the Funds, including identifying, reviewing
and selecting investment opportunities for the Funds. Additionally, Southpoint GP, LP (the
“General Partner”), an affiliate of Southpoint, serves as the general partner of the Domestic Feeder
Fund. Southpoint GP, LLC serves as the general partner of the General Partner. The
General
Partner and Southpoint GP, LLC serve as the general partners of the Master Fund, and each is an
adviser registered with the SEC under the Investment Advisers Act of 1940, as amended (the
“Advisers Act”). John S. Clark II is the principal owner of the General Partner, and is the managing
member and sole owner of Southpoint GP, LLC.
The primary investment objective of the Funds is to seek high absolute investment returns, while
minimizing the risk of capital loss, by purchasing securities and other financial instruments with
trading values substantially below their intrinsic value and selling short securities and other
financial instruments with trading values substantially above their intrinsic value. The investment
strategy of the Funds is broadly defined as value-oriented long/short.
Southpoint provides investment advisory services to the Funds in accordance with the provisions
in their respective offering memoranda and pursuant to an investment management agreement.
Southpoint does not provide investment advisory services to clients other than the Funds, although
it, or one or more affiliates, may do so in the future. As of December 31, 2023, Southpoint had
approximately $6,896,936,872 in gross regulatory assets under management, all managed on a
discretionary basis.
Please see Item 8 (Methods of Analysis, Investment Strategies and Risk of Loss), Item 10 (Other
Financial Industry Activities and Affiliations) and Item 14 (Client Referrals and Other
Compensation).