Steadfast Capital Management LP (New York)

Name: Steadfast Capital Management LP
Address: 450 Park Avenue, New York, NY, 10022
Telephone: 212-415-4600

Steadfast Capital Management LP is a large advisory firm based in New York. It manages $9.06 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Steadfast Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Steadfast Capital Management: assets under management

The assets under management (AUM) of Steadfast Capital Management LP is $9.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 59% since the beginning of its operation, and $5.78 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.51 billion each.

Steadfast Capital Management has custody of $369.75 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Steadfast Capital Management LP for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steadfast Capital Management serves?

The only and largest group of clients of Steadfast Capital Management is pooled investment vehicles with 6 clients and $9.06 billion of assets under management. Among the 8 most similar advisory firms, Steadfast Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.06 billion for 6 clients. 56% of the firm’s clients are foreign persons or businesses.

Steadfast Capital Management also advises several private funds. Namely, three hedge funds and three other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Steadfast Capital Management LP

The company employs 43 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Stanley Pitts	Limited partner of steadfast capital management lp	1 Dec 1995	25% - 50%	6019224
Elizabeth Marie Pitts	Limited partner of steadfast financial lp	1 Dec 1995	Other	6019237
Elizabeth O'brien Pitts	Limited partner of steadfast financial lp	1 Dec 1995	Other	6019237
1999 Pitts Family Trust Dated November 4	Limited partner of steadfast capital management lp	1 Nov 1999	50% - 75%	30-6023916
Elizabeth Marie Pitts	Trustee of pitts family trust dated november 4, 1999, a limited partner of steadfast capital management lp	1 Nov 1999	50% - 75%	6019237
John Gothier Pitts	Trustee of pitts family trust dated november 4, 1999, a limited partner of steadfast capital management lp	1 Nov 1999	50% - 75%	6019250
Elizabeth O'brien Pitts	Trustee of pitts family trust dated november 4, 1999, a limited partner of steadfast capital management lp	1 Nov 1999	50% - 75%	6019237
Pitts Family Trust	Limited partner of steadfast capital management lp	1 Nov 1999	50% - 75%	30-6023916
Andrew Swift Foote	Limited partner of steadfast capital management lp	1 Jan 2001	Other	2377933
Joseph Matthew Carney	Chief operating officer	1 Dec 2001	Other	1570702
Steadfast Principals Llc	Limited partner of steadfast advisors lp	1 Mar 2006	Other	20-4552102
Sheena Koshy	Chief financial officer	1 Jan 2007	Other	6019268
Sheena Malik	Chief financial officer and chief compliance officer	1 Jan 2007	Other	6019268
Steadfast Gp Llc	General partner of steadfast capital management lp	1 Jan 2009	Other	26-4123682
Steadfast Gp Holdings Llc	General partner of steadfast advisors lp	1 Jan 2009	Other	26-4123602
2014 Pitts Family Trust Four Dated March 1	Limited partner of steadfast advisors lp	1 Mar 2014	Other	36-7642470
John Gothier Pitts	Trustee of pitts family trust four dated march 1, 2014	1 Mar 2014	Other	6019250
J.P. Morgan Trust Company Of Delaware	Trustee of pitts family trust four dated march 1, 2014	1 Mar 2014	Other	51-0354501
Zachary Bodmer	Chief compliance officer	1 Mar 2015	Other	6468926
Steadfast Gp Llc	General partner of steadfast long financial lp	1 Dec 2016	Other	26-4123682
Steadfast Gp Holdings Llc	General partner of steadfast long advisors lp	1 Dec 2016	Other	26-4123602
Robert Stanley Pitts	Limited partner of steadfast long financial lp	1 Dec 2016	75% - 100%	6019224
Steadfast Long Principals Llc	Limited partner of steadfast long advisors lp (class b limited partnership interests)	1 Dec 2016	Other	81-4503785
Sfp5 Trust	Limited partner of steadfast long advisors lp (class a limited partnership interests)	1 Dec 2016	25% - 50%	36-7692625
John Gothier Pitts	Trustee of sfp5 trust, a limited partner of steadfast long advisors lp	1 Dec 2016	25% - 50%	6019250
J.P. Morgan Trust Company Of Delaware	Trustee of sfp5 trust, a limited partner of steadfast long advisors lp	1 Dec 2016	25% - 50%	51-0354501
Thomas Francis Fortin	Chief operating officer	1 Oct 2017	Other	2186313

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Stanley Pitts	Managing member of steadfast principals llc	1 Mar 2006	Other	6019224
Joseph Matthew Carney	Member of steadfast principals llc	1 Mar 2006	25% - 50%	1570702
Robert Stanley Pitts	Managing member of steadfast gp llc	1 Jan 2009	75% - 100%	6019224
Peter Edward Treadway	Member of steadfast principals llc	1 Jan 2014	25% - 50%	3252871
Tarigh Yusufi	Member of steadfast principals llc	1 Jan 2015	25% - 50%	5760415

Based in New York

The principal office where Steadfast Capital Management LP performs its advisory services is located at 450 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-415-4600 or by fax 212-415-4651. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at steadfast.com.