Form D · Hedge Fund
Advantage Advisers Xanthus Fund, L.L.C.
New York, NY · CIK 0001076673
Offering snapshot reported Feb 20, 2026 · SEC filing
- Reported sold
- $3.56B Indefinite offering
- Investors reported
- 86,186 Form D · investor count
- Minimum accepted
- $0 Reported outside-investor minimum
- First sale
- Sep 1, 1999 As reported in this filing
Fundraising history
Reported soldDates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.
What changed?
Latest filing versus its linked predecessor, where available.
- Reported sold$3,495,226,064 → $3,556,687,432
- Reported investors86,032 → 86,186
Filing history
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| Filed | Filing type | Reported sold | Change vs linked filing | Investors | Source |
|---|---|---|---|---|---|
| Feb 20, 2026 | Amendment | $3,556,687,432 | $61,461,368vs Feb 20, 2025 | 86,186 | SEC filing |
| Feb 20, 2025 | Amendment | $3,495,226,064 | $28,599,094vs Feb 20, 2024 | 86,032 | SEC filing |
| Feb 20, 2024 | Amendment | $3,466,626,970 | $15,011,287vs Feb 17, 2023 | 85,931 | SEC filing |
| Feb 17, 2023 | Amendment | $3,451,615,683 | $216,573,401vs Feb 18, 2022 | 85,894 | SEC filing |
| Feb 18, 2022 | Amendment | $3,235,042,282 | $224,116,440vs Feb 19, 2021 | 85,774 | SEC filing |
| Feb 19, 2021 | Amendment | $3,010,925,842 | $624,656,109vs Feb 19, 2020 | 85,058 | SEC filing |
| Feb 19, 2020 | Amendment | $2,386,269,733 | $152,850,094vs Feb 19, 2019 | 83,022 | SEC filing |
| Feb 19, 2019 | Amendment | $2,233,419,639 | $233,690,541vs Feb 16, 2018 | 82,562 | SEC filing |
| Feb 16, 2018 | Amendment | $1,999,729,098 | $133,206,886vs Mar 13, 2017 | 7,884 | SEC filing |
| Mar 13, 2017 | Amendment | $1,866,522,212 | $1,336,298,773vs Feb 24, 2010 | 7,507 | SEC filing |
| Feb 16, 2017 | Amendment | $1,859,890,948 | $1,329,667,509vs Feb 24, 2010 | 7,488 | SEC filing |
| Feb 16, 2016 | Amendment | $1,836,869,114 | $1,306,645,675vs Feb 24, 2010 | 7,613 | SEC filing |
| Feb 13, 2015 | Amendment | $1,780,779,640 | $1,250,556,201vs Feb 24, 2010 | 7,316 | SEC filing |
| Feb 13, 2014 | Amendment | $1,691,731,706 | $1,161,508,267vs Feb 24, 2010 | 8,811 | SEC filing |
| Feb 13, 2013 | Amendment | $1,560,357,389 | $1,030,133,950vs Feb 24, 2010 | 7,781 | SEC filing |
| Feb 13, 2012 | Amendment | $1,388,579,102 | $858,355,663vs Feb 24, 2010 | 6,677 | SEC filing |
| Feb 11, 2011 | Amendment | $1,200,685,858 | $670,462,419vs Feb 24, 2010 | 5,292 | SEC filing |
| Feb 24, 2010 | Initial | $530,223,439 | No comparison | 2,685 | SEC filing |
Offering details
- Securities
- Pooled investment fund
- Exemptions
- 06b
- Duration over one year
- Yes
- Business combination
- No
- Sales commissions
- $16.9M (estimated)
- Finders' fees
- $0 (estimated)
- Form D file number
- 021-139030
For period 1/1/03 (or since inception) through 12/31/25.
Sales compensation recipients
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| Recipient | CRD | Associated broker-dealer |
|---|---|---|
| Oppenheimer & Co. Inc. | 249 | |
| J.P. Morgan Securities LLC | 79 | |
| Raymond James & Associates, Inc. | 705 |
Source: Form D, filed Feb 20, 2026. Minimum accepted may differ from a standard advertised minimum.
Fund connections
No confirmed ADV fund connection is available for this issuer.
People & organizations
Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.
| Name | Reported role |
|---|---|
| Advantage Advisers Multi Manager, L.L.C. | Promoter |
| N/A Advantage Advisers Multi Manager, L.L.C. | Promoter |
| Jesse Ausubel | Director |
| Stephen Beach | Executive |
| Lawrence K. Becker | Director |
| James E. Buck | Director |
| Deborah Kaback | Executive |
| Bryan Mc Kigney | Executive |
| Todd Milbourn | Director |
| Michael J. Murphy | Director |
| Luis F. Rubio | Director |
| Janet L. Schinderman | Director |
Issuer details
Industry: Pooled Investment Fund (See others in industry)
Address:
85 Broad Street
New York, NY, 10004
New York, NY, 10004