Identify your principal owner(s). Founded on September 8, 2011, Lodge Hill Capital, LLC (“Lodge Hill”) is a Delaware limited liability company that is primarily owned and controlled by Clint Murray. As of the date of this Brochure, Lodge Hill provides discretionary investment advisory services to pooled investment vehicles organized as private investment funds as follows: - Lodge Hill Fund, L.P., a Delaware limited partnership (the “Domestic Fund”) that commenced operations on April 2, 2012; and - Lodge Hill Fund, Ltd., a Cayman Islands exempted limited company (the “Offshore Fund”) that commenced operations on April 1, 2013; and - Lodge Hill Master Fund, L.P., a Cayman Islands exempted limited partnership (the “Master Fund” and together with the Domestic Fund and Offshore Fund, the “Funds”) that commenced operations on April 2, 2012. The Domestic and Offshore Funds currently conduct all of their investment and trading activities through the Master Fund. Lodge Hill may invest some or all of the Domestic and Offshore Fund’s assets directly, rather than in the Master Fund. An affiliate of Lodge Hill, Lodge Hill GP, LLC, a Delaware limited company (the “General Partner”), serves as general partner to the Domestic and Master Funds. The General Partner has sole and complete discretionary authority to manage the Domestic and Master Funds’ respective activities. The General Partner has delegated investment authority over the assets of the Domestic Fund and Master Fund to Lodge Hill. Clint Murray serves as manager to the General Partner and Lodge Hill and in that capacity, will direct its investment activities. Clint Murray is the principal owner of Lodge Hill. Lodge Hill does provide investment advisory services to separately managed accounts, including those organized as private investment funds (the “Managed Accounts” and together with the Funds, the “Clients” and each individually, a “Client”). specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Lodge Hill provides discretionary investment advisory services to the Clients. Lodge Hill’s investment objective is to seek to achieve consistent, absolute returns by pursuing a long/short equity strategy with low to moderate market exposure. Lodge Hill will invest the Client’s assets primarily in equity securities trading in the U.S. and developed markets. Lodge Hill expects to employ the use of options and ETF’s on a limited basis, although it may seek opportunities in securities or instruments listed on or traded in other markets,

including, but not limited to, non- US equities, warrants, rights, options, swaps and other derivative instruments, non-U.S. currencies, money market instruments, cash and cash equivalents. It should be noted that Lodge Hill has broad and flexible investment authority to invest in securities of any type. As noted above, the Domestic and Offshore Funds will pursue their investment objectives utilizing a master-feeder structure as described in Item 4.A, whereby the Domestic and Offshore Funds will invest substantially all of their assets in the Master Fund. The Funds’ structure, investment objective and strategy is set forth in a confidential private offering memorandum provided to each investor in the Funds (each an “Investor”). To the extent Lodge Hill has entered and may enter into agreements to provide investment advisory services to Managed Accounts, such investment objectives and the types of investments have been, and may in the future continue to be, individually negotiated and established between Lodge Hill and the relevant Managed Account. individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Generally, Lodge Hill, with respect to the Funds, does not tailor its advisory services to the individual needs of Investors nor does it accept Investor-imposed investment restrictions. It should be noted that Lodge Hill or the General Partner may enter into agreements (“Side Letters”) with one or more Investors and provide such Investors with additional or different rights than those disclosed in the governing documents of the Funds. In addition, Lodge Hill may establish Managed Accounts, including Managed Accounts that are organized as commingled private investment funds, that may be subject to different investment objectives, restrictions, terms and/or fees than those of the Funds. Such investment objectives, fee arrangements and terms would be individually negotiated, and it should be noted that any such Managed Account relationships would generally be subject to significant account minimums. services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Lodge Hill does not participate in wrap fee programs. If you manage client assets, disclose the amount of client assets you manage on a discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. As of December 31 2022, Lodge Hill manages $242,300,309 of assets on a discretionary basis. Lodge Hill does not currently manage any assets on a non- discretionary basis.