Summit Street Capital Management, LLC (New York)

Name: Summit Street Capital Management, LLC
Address: 509 Madison Avenue, New York, NY, 10022 5578
Telephone: 212-750-7036

Summit Street Capital Management, LLC is a large advisory firm based in New York. It manages $125.6 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Summit Street Capital Management provides portfolio management for individuals and small businesses and 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.

Summit Street Capital Management: assets under management

The assets under management (AUM) of Summit Street Capital Management, LLC is $125.6 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 109% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $125.6 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.8 million each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Summit Street Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Summit Street Capital Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Summit Street Capital Management is pooled investment vehicles with 1 clients and $107.97 million of assets under management. Among the 9 most similar advisory firms, Summit Street Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $125.6 million for 2 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Summit Street Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Summit Street Capital Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Arthur T. Williams	Managing member - cco	1 Jun 2009	50% - 75%	6026740
Jennifer A. Wallace	Managing member	1 Jun 2009	Other	6026744
Judd Lewis Kahn	Managing member	1 Jun 2009	Other	1871912

Based in New York

The principal office where Summit Street Capital Management, LLC performs its advisory services is located at 509 Madison Avenue, New York, NY 10022 5578, 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 212-750-7036 or by fax 212-537-0276. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at ssvfunds.com.