Cobia Capital

Partners L.P.

Fund Investment Objectives

Cobia Capital is a long/short hedge fund focused on the small and mid-cap technology space. Cobia takes a value approach to investing, searching for longs with good balance sheets, inexpensive valuations, and defensible technologies that address large and growing markets. On the short side, Cobia looks for stocks that are priced for perfection and have deteriorating business fundamentals, such as increasing competition, slowing end market growth, and loss of key personnel. Fund AUM reflects Firm AUM.