LL Funds is an SEC-registered investment adviser based in Philadelphia, PA that reports managing 4 hedge funds on Form ADV. It reports $2.6 billion in regulatory assets under management. Its private funds, of all types, hold $2.7 billion in gross assets. Over a longer period they returned an estimated -8.1% from Q3 2024 to Q3 2024, compared with +5.4% for the S&P 500, based on 13F filings.
- Regulatory assets under management
- $2.6 billionForm ADV Item 5.F
- Gross assets of private funds
- $2.7 billionAll private fund types, Form ADV
- Hedge funds managed
- 420 private funds in total
- Employees
- 28Form ADV Item 5.A
- Registration
- SEC-registered adviserCRD 161552
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: none reported
Estimated 13F portfolio performance
| Quarter | Est. 13F return | S&P 500 |
|---|---|---|
| Q3 2024 | -8.1% | +5.4% |
Estimate of the firm's disclosed long U.S. stock portfolio from its quarterly 13F filings, holding each quarter-end portfolio to the next quarter-end at prices implied by all 13F filers. It is a price return before dividends and fees, ignores shorts, options, bonds, cash and trading within the quarter, and is not the return of any fund. Disclosures
Largest disclosed holdings
- Offerpad Solutions Inc$27.1 million
As of 2024-09-30, from 13F filing by LL Funds, LLC.
Private investment funds filing Form D (2)
Matched to this firm by the fund names and related persons in each Form D. The list may be incomplete.
Private funds reported on Form ADV (16)
As reported in the adviser's Form ADV filed Oct 25, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (1)
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures