13d Management LLC

13D Management LLC, established in 2011, is a New York-based investment adviser specializing in a non-diversified domestic, long-only equity strategy focused on shareholder activism. The firm manages the 13D Activist Fund, providing investment advisory services on a discretionary basis to investment vehicles. The investment strategy aims for capital appreciation by primarily investing in U.S. companies targeted for shareholder activism. Approximately 75% of the Fund's portfolio positions historically have a shareholder representative on the board advocating for corporate governance practices. The firm's founder and principal owner, Kenneth Squire, manages around $138.8 million in regulatory assets under management as of December 31, 2024. For fees, the 13D Activist Fund charges an annual management fee of 1.50% based on average daily net assets. The Private Funds are also charged annual management fees based on net asset value. The firm does not use soft dollars for research and does not have affiliated broker-dealers. The Adviser has custody of client assets and complies with the Custody Rule. 13D exercises investment discretion, votes client securities, and has a Code of Ethics to ensure ethical standards. The firm reviews accounts regularly, provides investor reporting, and may compensate third parties for referrals. 13D does not have any disciplinary events and maintains financial stability.