Lone Spruce, L.P.
Lone Spruce, L.P. is a hedge fund based in Greenwich, Connecticut. According to its most recent Form D, filed Mar 6, 2026, the fund has sold $243,659,549 of interests to 158 investors since its first sale in Jan 1998. The filing does not set a minimum investment. 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 Lone Pine Associates LLC; Lone Pine Managing Member LLC; Lone Pine Capital LLC.
Performance
No verified returns have been reported for this fund. As a rough guide, Lone Pine Capital LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +14.9% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +65.4% (S&P 500: +37.2%).
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
- $243,659,549Cumulative sales reported on Form D
- Investors
- 158
- First sale
- Jan 1, 1998
- Minimum investment
- None set
- 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
- Lone Pine Associates LLC; Lone Pine Managing Member LLC; Lone Pine Capital LLC
- Latest Form D
- Mar 6, 2026
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 Lone Spruce, L.P.
What is the minimum investment for Lone Spruce, L.P.?
Lone Spruce, L.P.'s latest Form D, filed Mar 6, 2026, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Lone Spruce, L.P.?
Lone Spruce, L.P. 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 Lone Spruce, L.P. raised?
Lone Spruce, L.P. reports $243,659,549 sold from 158 investors on its Form D filed Mar 6, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Lone Spruce, L.P. based?
Lone Spruce, L.P. is based in Greenwich, Connecticut and is managed by Lone Pine Capital LLC.
When did Lone Spruce, L.P. launch?
Lone Spruce, L.P. reports its first sale in Jan 1998.
Size compared with every hedge fund
Raised more than 81% of the 862 hedge funds based in Connecticut, and more than 72% of all 10,308 that report sales.