WestCap Management, LLC

WestCap Management, LLC is an investment manager that files Form 13F with the SEC under CIK #0001838470. WestCap is broadly recognized as a growth-oriented investment firm associated with technology-enabled businesses, with activity spanning private growth investments and (to the extent disclosed via Form 13F) public equity positions. The firm is based in New York, NY. As with any 13F reporting manager, the public record primarily evidences quarter-end positions in U.S. “Section 13(f)” reportable securities. That disclosure set is inherently partial: it is a snapshot of certain long U.S.-listed holdings (and certain listed options, when applicable), not a complete picture of private positions, potential short exposures, derivatives outside the 13F list, cash, or intra-quarter trading. Platform lens (secondary): the platform’s 13F History tools are best used as an organized view of WestCap’s quarter-end disclosures, including identifying amendments and building a time series of disclosed positioning for research workflows.

WestCap is typically characterized as a long-horizon growth investor focused on durable, scalable, technology-enabled business models. In practice, that orientation often translates into a bias toward companies where value creation is driven by structural adoption curves (digital transformation, payments/fintech infrastructure, software/data, marketplaces, and related services), with an emphasis on compounding fundamentals rather than short-term mean reversion. For allocators analyzing WestCap through a 13F lens, two strategy layers are important to keep distinct: 1) FUNDAMENTAL GROWTH UNDERWRITING (PRIMARY LENS) WestCap’s public positioning is most coherently interpreted as an extension of a fundamental growth framework—i.e., ownership of businesses where management execution, unit economics, and market structure can sustain multi-year value creation. 2) DISCLOSED PUBLIC-BOOK EXPRESSION (13F LENS) The 13F record can be used to study how that growth orientation is expressed in listed securities at quarter-end—whether via a concentrated set of higher-conviction positions or a broader set of thematic exposures. Platform lens (secondary): a Portfolio Simulator can be used to run holdings-based historical replication of the disclosed 13F book and visualize a Simulated Growth Chart from quarter-end snapshots, while keeping front-and-center that this is not a full-firm reconstruction.

WestCap Management, LLC (CIK #0001838470) is a New York-based growth-oriented investment manager whose publicly visible 13F filings provide a window into its quarter-end, reportable U.S. listed positions. Key allocator-relevant takeaways that are generally testable from the 13F record: - Whether the disclosed book is structurally concentrated or broadly distributed, and how that changes through time. - The persistence of sector and theme exposures (technology-enabled businesses) and whether positioning tightens or diversifies across market regimes. - The degree to which quarter-to-quarter changes indicate patient underwriting versus more active rebalancing. Platform lens (secondary): the most useful follow-on diagnostics typically include Sector Allocation History to evaluate exposure drift and crowding risk, alongside replication-based stress observations from Performance Backtests Online—always interpreted as the disclosed long-equity sleeve, not the full strategy. Diagnostic regime question: during sharp rate shocks or risk-off liquidity regimes, does WestCap’s disclosed 13F posture maintain consistent growth-factor exposure, or does it rotate materially (by sector/factor) in ways that change drawdown behavior and recovery dynamics?

WestCap’s strategy orientation implies a risk profile that is typically aligned with growth equity characteristics: - DURATION / MULTIPLE SENSITIVITY: Growth-oriented equities can exhibit higher sensitivity to discount-rate changes and shifts in investor preference between long-duration growth and nearer-term cash-flow profiles. - CONCENTRATION RISK: If the disclosed public book is concentrated, outcomes can be dominated by a limited number of issuers and idiosyncratic events (earnings resets, regulatory developments, competitive disruption). - SECTOR / THEME CROWDING: Technology-enabled sectors can experience correlated drawdowns when risk appetite compresses, making cross-holding correlations a key consideration. From a 13F-only perspective, the most defensible risk work is to quantify the disclosed long book’s downside behavior rather than assume firmwide hedging or offsetting exposures. Platform lens (secondary): using disclosed holdings, the backtesting layer can estimate Max Drawdown Depth and risk-adjusted outcomes such as the Sharpe Ratio for the replicated 13F series, explicitly labeled as “13F-replicated” rather than total-fund risk.