STEADFAST CAPITAL MANAGEMENT LP

Steadfast Capital Management is a hedge fund sponsor owned by its employees. The company is based out of New York City and operates through a limited partnership structure with Robert Stanley Pitts, the President of the company, holdings the controlling majority ownership in the company. The company was founded in 1995 and has additional locations in Locust Valley, New York and Columbus, Ohio. Steadfast Capital Management currently has 35 employees with 20 of them being investment professionals. The company has a long term perspective and focuses on the minimization of risk and avoidance of large draw downs, primarily allocating its assets in the public traded securities market. Steadfast Capital Management utilizes a fundamental approach based on intensive internal research, highly diversifying its holdings to lower possible risk while increasing good performance on returns. Steadfast Capital Management invests most heavily in the information technology sector, which alone makes up almost a quarter of its total asset allocations, and the company also invests in the health care, energy, consumer discretionary, utilities and telecommunications, materials, and finance sectors, among others to a lesser degree, in order of decreasing allocation. Steadfast Capital Management currently holds over $10.6 billion in total assets under management spread across 4 accounts, all of which are discretionary. Steadfast Capital Management has its top holdings allocated in Actavis Plc, which alone makes up 10% of its total asset allocations, Cheniere Energy Inc., Williams Cos. Northstar, and Apple Inc. with its top 10 holdings alone making up almost half of its total asset allocations. Although its total number of accounts held has not changed in the most recent five years, its total assets under management has been increasing, growing from $5.7 billion back in 2012 to almost twice that amount today. All of Steadfast Capital Management’s clients are currently pooled investment vehicles.