AltMountain

Wolverine Flagship Fund Ltd

Camana Bay, Grand Cayman, Cayman Islands · CIK 1511429 · Managed by Wolverine Asset Management, LLC
Offshore

Wolverine Flagship Fund Ltd is a hedge fund based in Camana Bay, Grand Cayman, Cayman Islands. According to its most recent Form D, filed Nov 7, 2025, the fund has sold $2,390,445,653 of interests to 111 investors since its first sale in Oct 2002. The minimum investment it accepts from an outside investor is $2,000,000. 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 Kenneth Nadel; Kevin Phillip; Robert Bellick.

Performance

13F estimate · public data only

No verified returns have been reported for this fund. As a rough guide, Wolverine Asset Management, LLC, which manages it, disclosed U.S. stock holdings that returned an estimated +6.5% 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 +31.7% (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.

Is this your fund? Report your monthly returns · How performance works

Total raised
$2,390,445,653Cumulative sales reported on Form D
Investors
111
First sale
Oct 1, 2002
Minimum investment
$2,000,000
Who can invest
Qualified purchasersSection 3(c)(7): generally $5M+ in investments
Offering exemption
Rule 506(b)No general advertising
Key people and entities
Kenneth Nadel; Kevin Phillip; Robert Bellick
Latest Form D
Nov 7, 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 Wolverine Flagship Fund Ltd

What is the minimum investment for Wolverine Flagship Fund Ltd?

According to its latest Form D, filed Nov 7, 2025, the minimum investment Wolverine Flagship Fund Ltd accepts from an outside investor is $2,000,000.

Who can invest in Wolverine Flagship Fund Ltd?

Wolverine Flagship Fund Ltd 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 Wolverine Flagship Fund Ltd raised?

Wolverine Flagship Fund Ltd reports $2,390,445,653 sold from 111 investors on its Form D filed Nov 7, 2025. This is cumulative sales since the offering began, not current assets or performance.

Where is Wolverine Flagship Fund Ltd based?

Wolverine Flagship Fund Ltd is based in Camana Bay, Grand Cayman, Cayman Islands and is managed by Wolverine Asset Management, LLC.

When did Wolverine Flagship Fund Ltd launch?

Wolverine Flagship Fund Ltd reports its first sale in Oct 2002.

Size compared with every hedge fund

Raised more than 95% of the 2,363 hedge funds based in Cayman Islands, and more than 96% of all 10,308 that report sales.

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