Cunning Capital Partners, LP
Cunning Capital Partners, LP is a hedge fund based in Morrisville, North Carolina. According to its most recent Form D, filed Dec 18, 2025, the fund has sold $114,235,600 of interests to 13 investors since its first sale in Feb 2013. The minimum investment it accepts from an outside investor is $500,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Cunning Capital, LLC; David Cunningham; Elizabeth Foreman.
Performance
No verified returns have been reported for this fund. As a rough guide, Cunning Capital, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +5.2% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q4 2024 to Q2 2026, the estimate is +27.1% (S&P 500: +23.5%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $114,235,600Cumulative sales reported on Form D
- Investors
- 13
- First sale
- Feb 13, 2013
- Minimum investment
- $500,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Cunning Capital, LLC; David Cunningham; Elizabeth Foreman
- Latest Form D
- Dec 18, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Cunning Capital Partners, LP
What is the minimum investment for Cunning Capital Partners, LP?
According to its latest Form D, filed Dec 18, 2025, the minimum investment Cunning Capital Partners, LP accepts from an outside investor is $500,000.
Who can invest in Cunning Capital Partners, LP?
Cunning Capital Partners, LP is generally open only to accredited investors, and it may have no more than 100 beneficial owners because it relies on Section 3(c)(1). It uses Rule 506(b), which does not allow general advertising.
How much has Cunning Capital Partners, LP raised?
Cunning Capital Partners, LP reports $114,235,600 sold from 13 investors on its Form D filed Dec 18, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Cunning Capital Partners, LP based?
Cunning Capital Partners, LP is based in Morrisville, North Carolina and is managed by Cunning Capital, LLC.
When did Cunning Capital Partners, LP launch?
Cunning Capital Partners, LP reports its first sale in Feb 2013.
Size compared with every hedge fund
Raised more than 83% of the 75 hedge funds based in North Carolina, and more than 60% of all 10,308 that report sales.