Levin Capital Strategies, L.P.

Levin Capital Strategies provides discretionary and non-discretionary investment management to a range of clients, including high‑net‑worth individuals, pensions, corporations, foundations, trusts and other institutional investors. The firm manages separately managed accounts, offers a model portfolio to another registered adviser, and acts as investment manager and managing general partner for a privately offered Delaware pooled investment fund.

The firm follows a primarily bottom‑up, large‑cap value investment approach for its long‑only strategies while also operating a short/long alternative strategy; separately managed accounts are generally “long‑only,” and the Private Fund routinely uses options, futures and swap contracts and may employ leverage or hedging and participate in initial public offerings, SPAC PIPEs and secondary offerings. Levin’s trading and allocation processes include daily trading rotation groups and the firm discloses that certain fund strategies can be more concentrated and may differ materially from taxable account implementations.

Several operational and structural features distinguish Levin from many peers: it manages a pooled private fund subject to performance‑based compensation and side‑letter arrangements, and it has claimed CFTC exemptions relevant to commodity pool/operator and trading advisor activities rather than registering as a CPO/CTA. The firm also discloses affiliations and service arrangements — including a services agreement and a December 2025 asset transfer involving another registered adviser that added approximately $450 million to its assets under management — and maintains related entities (an affiliated registered adviser and a tax preparation affiliate) and a third‑party research facility relationship that compensates analysts for ranked research.