Summit Street Capital Achieves 85.43% AUM Growth, Reaching $487 M

Summit Street Capital Management, LLC is an investment management firm established in 2009. The managing members and principal owners of the firm are Arthur T. Williams, III and Jennifer A. Wallace.

Summit Street provides investment management services to a privately offered pooled investment vehicle exempt from registration under the Investment Company Act of 1940, as well as separately managed accounts and an investment company registered under the 1940 Act.

Key Changes from form ADV Filings

In the review of form ADV filings from March 2022 to July 2023, several key changes have been noted for Summit Street. The fund maintained its employee strength at 3. The number of accounts increased from 3 to 5.

The most significant highlight that occurred is in the total regulated assets under management (AUM), which leaped from $262.8M to $487.3M, marking a rise of 85.43%.

Private Fund

Here are the summarized changes for the Summit Street US Equity Value Fund LP:

• Gross Asset Value rose from $166.9M to $177.1M.
• Beneficial owners increased from 21 to 35.
• Beneficial ownership by related persons decreased from 21% to 15%.