Shearwater Fund, LP
Shearwater Fund, LP is a hedge fund based in Denver, Colorado. According to its most recent Form D, filed Aug 7, 2026, the fund has sold $82,550,000 of interests to 58 investors since its first sale in Jun 2017. The minimum investment it accepts from an outside investor is $250,000. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Sachem Hill LLC; Theodore Harris; Oana Bolton.
Performance
No verified returns have been reported for this fund. As a rough guide, Sachem Hill LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +11.1% 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 +32.5% (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
- $82,550,000Cumulative sales reported on Form D
- Investors
- 58
- First sale
- Jun 1, 2017
- Minimum investment
- $250,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sachem Hill LLC; Theodore Harris; Oana Bolton
- Latest Form D
- Aug 7, 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 Shearwater Fund, LP
What is the minimum investment for Shearwater Fund, LP?
According to its latest Form D, filed Aug 7, 2026, the minimum investment Shearwater Fund, LP accepts from an outside investor is $250,000.
Who can invest in Shearwater Fund, LP?
Shearwater Fund, LP is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Shearwater Fund, LP raised?
Shearwater Fund, LP reports $82,550,000 sold from 58 investors on its Form D filed Aug 7, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Shearwater Fund, LP based?
Shearwater Fund, LP is based in Denver, Colorado and is managed by Sachem Hill LLC.
When did Shearwater Fund, LP launch?
Shearwater Fund, LP reports its first sale in Jun 2017.
Size compared with every hedge fund
Raised more than 84% of the 114 hedge funds based in Colorado, and more than 54% of all 10,307 that report sales.