9AT: BOOTHBAY FUND MANAGEMENT

other names

BOOTHBAY FUND MANAGEMENT
LEVEL 3 CAPITAL MANAGEMENT, LLC - RELYING ADVISER
LEVEL 3 CAPITAL GP, LLC - RELYING ADVISER
BOOTHBAY HYBRID GP, LLC - RELYING ADVISER
BOOTHBAY FUND MANAGEMENT, LLC

Adviser Profile

As of Date	08/27/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	43 54%
of those in investment advisory functions	16 60%
Registration	SEC, Approved, 07/02/2014
Other registrations (1)	SEC, ERA - Withdrawn, 06/26/2014

AUM^*	14,512,520,528 22%
of that, discretionary	14,512,520,528 22%
Private Fund GAV^*	14,334,222,778
Avg Account Size	2,073,217,218 22%
SMA’s	No
Private Funds	8 3
Contact Info	212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count8	GAV$14,334,222,778

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 T. ROWE PRICE AUSTRALIA LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM17.5b	#Funds-
Adviser SOROBAN CAPITAL PARTNERS LP	Hedge Fund18.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV18.3b	AUM9.6b	#Funds15
Adviser PLATINUM ASSET MANAGEMENT	Hedge Fund3.7b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV3.7b	AUM5.0b	#Funds6
Adviser ALLEN INVESTMENT MANAGEMENT, LLC	Hedge Fund668.0k	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV668.0k	AUM15.8b	#Funds1
Adviser JOHCM (USA) INC	Hedge Fund1.3b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund560.5m	Total Private Fund GAV1.9b	AUM9.0b	#Funds8
Adviser SRS INVESTMENT MANAGEMENT, LLC	Hedge Fund10.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV10.4b	AUM10.4b	#Funds7
Adviser LMR PARTNERS LLC	Hedge Fund218.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV218.8b	AUM77.2b	#Funds9
Adviser GAMCO ASSET MANAGEMENT INC.	Hedge Fund305.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV305.8m	AUM11.5b	#Funds1
Adviser WALLEYE CAPITAL LLC	Hedge Fund44.4b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV44.4b	AUM43.4b	#Funds15
Adviser LAURION CAPITAL MANAGEMENT LP	Hedge Fund13.8b	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV13.8b	AUM9.3b	#Funds3

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker78462F103	Stock NameSPDR S&P 500 ETF TR (PUT)	$ Position$737,794,350	% Position11.00%	$ Change256.00%	# Change230.00%
Stck Ticker78462F103	Stock NameSPDR S&P 500 ETF TR (CALL)	$ Position$120,778,434	% Position2.00%	$ Change27826.00%	# Change25800.00%
Stck Ticker67066G104	Stock NameNVIDIA CORPORATION (PUT)	$ Position$117,638,690	% Position2.00%	$ Change45.00%	# Change23.00%
Stck Ticker464287275	Stock NameISHARES TR (PUT)	$ Position$119,673,416	% Position2.00%	$ Change	# Change
Stck Ticker02079K305	Stock NameALPHABET INC (PUT)	$ Position$44,560,230	% Position1.00%	$ Change99.00%	# Change44.00%
Stck Ticker007903107	Stock NameADVANCED MICRO DEVICES INC (PUT)	$ Position$42,421,338	% Position1.00%	$ Change39.00%	# Change22.00%
Stck Ticker00370M103	Stock NameABIVAX SA	$ Position$50,764,342	% Position1.00%	$ Change662.00%	# Change-31.00%
Stck Ticker02079K107	Stock NameALPHABET INC (PUT)	$ Position$39,893,490	% Position1.00%	$ Change37.00%	# Change0.00%
Stck Ticker46138E198	Stock NameINVESCO EXCH TRADED FD TR II (CALL)	$ Position$48,161,718	% Position1.00%	$ Change	# Change
Stck Ticker69608A108	Stock NamePALANTIR TECHNOLOGIES INC (PUT)	$ Position$70,833,686	% Position1.00%	$ Change33.00%	# Change-1.00%

Brochure Summary

Overview

ADVISORY BUSINESS A. General Description of Advisory Firm Boothbay Fund Management, LLC is a Delaware limited liability company that commenced operations in April 2012. Boothbay offers investment advisory services to pooled investment vehicles that have been privately placed and that have not been registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (each, a “Fund” and collectively, the “Funds”). Ari Glass, the founder of the Firm who oversees all of the Firm’s activities (the “Principal”), is the principal owner of Boothbay. The Funds were formed to pool the capital contributions of various investors (each an “Investor” and together the “Investors”). Boothbay performs investment advisory services generally by allocating the Funds’ capital to a number of separate managers (such managers collectively referred to as “Portfolio Managers”), some of which involve “first-loss” arrangements. Portfolio Managers may be individuals or entities that are independent of Boothbay, or they may be employees or other personnel of Boothbay or one of its affiliates.

Additionally, Boothbay or its affiliates may have an economic interest in certain Portfolio Managers. Each Portfolio Manager actively manages the assets allocated to it by Boothbay in accordance with a written investment management agreement (with respect to a Portfolio Manager that is an individual or entity that is independent of Boothbay) or an employment agreement (with respect to a Portfolio Manager who is an employee of Boothbay or one of its affiliates) (each, a “Portfolio Manager Agreement”), and Boothbay provides top-level oversight of the Portfolio Managers. Portfolio Manager Agreements generally contain provisions and trading restrictions specific to the relevant Portfolio Manager. Boothbay’s oversight is generally focused on monitoring Portfolio Manager compliance with any applicable investment guidelines and parameters. Information about the Funds can be found in each respective set of offering documents. B. Assets Under Management As of December 31, 2023, Boothbay had regulatory assets under management in the Funds of $11,853,384,323, all of which were managed on a discretionary basis.

BOOTHBAY FUND MANAGEMENT

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