STELLIAM INVESTMENT MANAGEMENT, LP

Stelliam Investment Management, LP is a hedge fund sponsor based out of New York City. The company was established in 2006 by Ross Stewart Margolies, who continues to have an active role in the company as its Managing Partner. Stelliam Investment Management operates through a partnership structure and is employee owned with the controlling majority holding in the company owned by Ross S. Margolies, who alone holds approximately two thirds of the company ownership, with the remaining ownership split amongst the Margolies 2006 Trust for The Fbo Issue, Patricia Ann Margolies, Carbonado Capital Holdings LP, Gregg L. Kudisch, Andre D. Rossen, and other key executives. The firm has grown from its inception to now have 21 employees of which 9 are investment professionals. Stelliam Investment Management LP conducts its research internally, although it also utilizes external research to supplement its in house research. The company utilizes long and short strategies, investing in the public equity markets within the U.S. Stelliam Investment Management invests most heavily in the transports sector, which alone makes up over a fifth of its total asset allocations, and also invests in the consumer discretionary, materials, energy, health care, information technology, industrials, and finance sectors, among other sectors to a lesser degree, in order of decreasing allocation. The firm holds over $5.2 billion in total assets under management spread across 10 accounts, all of which are discretionary. Both of Stelliam Investment Management’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management growing significantly from approximately $1 billion back in 2012 to well over 5 times that amount today. The company currently caters exclusively to pooled investment vehicles and takes its advisory fees in the form of a percentage of assets and various performance based fees.