9AT: UNION SQUARE PARK CAPITAL MANAGEMENT, LLC

Adviser Profile

As of Date	03/23/2026
Registration	SEC, Approved, 07/29/2021
Other registrations (1)	SEC, ERA - Withdrawn, 06/29/2021
Former registrations	UNION SQUARE PARK CAPITAL MANAGEMENT, LLC
ADV Location	NEW YORK, NY, United States
Contact Info	(34 xxxxxxx
Websites

AUM^*	154,489,088 -3%
of that, discretionary	154,489,088 -3%
Number of Employees	2 -33%
of those in investment advisory functions	2
Private Fund GAV^*	154,489,088 -3%
Avg Account Size	154,489,088 -3%
SMA’s	No
Private Funds	2 1

Adviser Type

- Large advisory firm

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

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

	Count	GAV
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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 UNIO CAPITAL LLC	Hedge Fund143.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV143.7m	AUM691.5m	#Funds2
Adviser LANSING MANAGEMENT, LP	Hedge Fund134.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV134.8m	AUM178.1m	#Funds3
Adviser KAH CAPITAL MANAGEMENT, LLC	Hedge Fund605.3m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV605.3m	AUM605.3m	#Funds6
Adviser WINEBRENNER CAPITAL MANAGEMENT LLC	Hedge Fund73.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV73.7m	AUM260.5m	#Funds4
Adviser NEO IVY CAPITAL MANAGEMENT, LLC	Hedge Fund45.8m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV45.8m	AUM1.2b	#Funds3
Adviser DELPHIA	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM187.1m	#Funds-
Adviser MACELLUM ADVISORS, LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM189.1m	#Funds-
Adviser BANCREEK CAPITAL MANAGEMENT, LP	Hedge Fund20.7m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV20.7m	AUM49.3m	#Funds1
Adviser CAMBRIAN ASSET MANAGEMENT, INC.	Hedge Fund134.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV134.4m	AUM121.8m	#Funds4
Adviser SONIC GP LLC	Hedge Fund109.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV109.9m	AUM109.9m	#Funds1

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker78462F103	Stock NameSTATE STR SPDR S&P 500 ETF T (PUT)	$ Position$65,342,375	% Position24.00%	$ Change187.00%	# Change150.00%
Stck Ticker007903107	Stock NameADVANCED MICRO DEVICES INC (CALL)	$ Position$15,975,025	% Position6.00%	$ Change	# Change
Stck Ticker464287655	Stock NameISHARES TR (PUT)	$ Position$18,027,000	% Position6.00%	$ Change62.00%	# Change33.00%
Stck TickerN07059210	Stock NameASML HLDG NV (CALL)	$ Position$12,931,360	% Position5.00%	$ Change	# Change
Stck Ticker74967X103	Stock NameRH	$ Position$11,531,100	% Position4.00%	$ Change27.00%	# Change8.00%
Stck Ticker70614W100	Stock NamePELOTON INTERACTIVE INC	$ Position$9,751,500	% Position4.00%	$ Change44.00%	# Change50.00%
Stck Ticker20464U100	Stock NameCOMPASS INC	$ Position$8,014,500	% Position3.00%	$ Change14.00%	# Change-3.00%
Stck Ticker512807306	Stock NameLAM RESEARCH CORP (CALL)	$ Position$8,666,600	% Position3.00%	$ Change	# Change
Stck Ticker610236101	Stock NameMONRO INC	$ Position$7,271,750	% Position3.00%	$ Change353.00%	# Change325.00%
Stck Ticker781386305	Stock NameRIDENOW GROUP INC	$ Position$8,253,585	% Position3.00%	$ Change-18.00%	# Change-14.00%

Brochure Summary

Overview

Union Square Park Capital Management, LLC (“we,” “us,” or “our”) is a Delaware limited liability company that was formed in November 2011 and began operations in April 2015. We are principally owned and controlled by Leon M. Zaltzman, who is our Founder and Managing Member (the “Managing Member”). We provide discretionary investment advice to a private fund, Union Square Park Partners, LP (the “Fund”). We expect to provide investment advice to separately managed accounts (“SMAs”) and additional private funds in the future. References throughout this document to “clients” refer to the Fund and any other private funds and SMAs that we may advise in the future. Client accounts are managed in accordance with their own investment and trading objectives, as described in their respective offering documents,

governing agreements or advisory agreements (collectively, the “Governing Documents”). We do not permit investors in the Fund to impose limitations on the investment activities described in the Fund’s Governing Documents. Under certain circumstances, we may contract with SMA clients to adhere to limited risk and/or operating guidelines imposed by such clients. We would negotiate such arrangements on a case-by-case basis. (See Item 16 - Investment Discretion.) Union Square Park GP, LLC (the “Union Square Park GP”) serves as the general partner to the Fund. We do not participate in wrap fee programs. As of December 31, 2023, we managed $158,616,879 of regulatory assets under management on a discretionary basis. We do not manage any assets on a non-discretionary basis.

UNION SQUARE PARK CAPITAL MANAGEMENT, LLC

UNION SQUARE PARK CAPITAL MANAGEMENT, LLC

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Adviser Type

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Advisory Activities

Compensation Arrangments

Reported AUM

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Employees

Private Funds Structure

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Brochure Summary

Overview

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UNION SQUARE PARK CAPITAL MANAGEMENT, LLC UNION SQUARE PARK CAPITAL MANAGEMENT, LLC

Related Companies

Adviser Profile

Details

Adviser Type

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Top Holdings

Brochure Summary

Overview

UNION SQUARE PARK CAPITAL MANAGEMENT, LLC

UNION SQUARE PARK CAPITAL MANAGEMENT, LLC