KHALL LLC

**KHALL LLC** manages $87M in assets, exhibiting a highly concentrated investment profile. The fund's current portfolio is anchored by a single, dominant holding in GAP, representing $86.8M of its total assets. This structure suggests a deep, conviction-based thesis on the retailer, allocating nearly 100% of its capital to this name. Investors should note the extreme single-stock concentration risk inherent in the current mandate.

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