Form D · Hedge Fund

WM Alternatives TOPS Long/Short Equity Fund Ltd

Grand Cayman, E9 · CIK 0001752317

Offering snapshot reported Jun 1, 2026 · SEC filing

Reported sold: $42.5M
Investors reported: 45
Minimum accepted: $250K
First sale: Sep 4, 2018

Fundraising history

Reported sold

Dates 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$40,482,200 → $42,482,200
Reported investors43 → 45

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Jun 1, 2026	Amendment	$42,482,200	$2,000,000vs Jun 9, 2025	45	SEC filing
Jun 9, 2025	Amendment	$40,482,200	$5,905,000vs May 16, 2024	43	SEC filing
May 16, 2024	Amendment	$34,577,200	$0vs Jun 28, 2023	38	SEC filing
Jun 28, 2023	Amendment	$34,577,200	$200,000vs Jun 28, 2022	38	SEC filing
Jun 28, 2022	Amendment	$34,377,200	$645,000vs Jun 30, 2021	37	SEC filing
Jun 30, 2021	Amendment	$33,732,200	No comparison	Not reported	SEC filing
Jul 21, 2020	Amendment	$33,732,200	$3,425,000vs Sep 17, 2019	37	SEC filing
Sep 17, 2019	Amendment	$30,307,200	$20,347,200vs Sep 17, 2018	34	SEC filing
Sep 17, 2018	Initial	$9,960,000	No comparison	15	SEC filing

Offering details

Securities: Pooled investment fund, Other
Exemptions: 06b, 3C, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-321502

Private Fund Equity Interests

Source: Form D, filed Jun 1, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

Each card uses that adviser's latest imported filing. Filing dates can differ; these disclosures do not confirm a current relationship.

Matched by reported Form D file number

WM ALTERNATIVES TOPS LONG/SHORT EQUITY FUND LIMITED

Investment adviser: WILSHIRE ADVISORS LLC

Gross asset value: $41.1M
Beneficial owners: 36
ADV minimum commitment: $100K

Reported in Form ADV on Jul 1, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands Other funds reporting this name →

Custodian U.S. BANK, N.A. MILWAUKEE, Wisconsin, United States Related to adviser: No Other funds reporting this name →

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LTD.
PCAOB 1655

U.S. BANK, N.A.
LEI 6BYL5QZYBDK8S7L73M02

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2024	$34,782,348	35	Mar 31, 2025
2025	$41,061,000	36	Apr 30, 2026

Filing source

Form ADV 2117025 · Jul 1, 2026 · Schedule D 7.B.(1), fund 805-2709207055

Reported by WILSHIRE ADVISORS LLC (CRD 6210).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Matched by reported Form D file number

WM ALTERNATIVES TOPS LONG/SHORT EQUITY MASTER FUND LIMITED

Investment adviser: LYXOR ASSET MANAGEMENT LLC

Gross asset value: $218M
Beneficial owners: 149
ADV minimum commitment: $250K

Reported in Form ADV on Feb 26, 2024. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C FUND SERVICES (CAYMAN) LTD. CAMANA BAY, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No Other funds reporting this name →

Auditor ERNST & YOUNG LTD. CAMANA BAY, Cayman Islands Other funds reporting this name →

Custodian CITIGROUP GLOBAL MARKETS LIMITED LONDON, United Kingdom Related to adviser: No Other funds reporting this name →

Custodian CREDIT SUISSE AG, DUBLIN BRANCH DUBLIN, Ireland Related to adviser: No Other funds reporting this name →

Custodian CREDIT SUISSE SECURITIES (EUROPE) LIMITED LONDON, United Kingdom Related to adviser: No Other funds reporting this name →

Custodian DEUTSCHE BANK SECURITIES INC. NEW YORK, New York, United States Related to adviser: No Other funds reporting this name →

See filing for more → Showing the first 6 providers by role and name. IAPD may show a newer filing.

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LTD.
PCAOB 1655

CITIGROUP GLOBAL MARKETS LIMITED
LEI XKZZ2JZF41MRHTR1V493

CREDIT SUISSE AG, DUBLIN BRANCH
LEI ANGGYXNX0JLX3X63JN86

CREDIT SUISSE SECURITIES (EUROPE) LIMITED
LEI DL6FFRRLF74S01HE2M14

DEUTSCHE BANK SECURITIES INC.
SEC 8-17822

Fund asset history · 2 annual observations

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Fiscal year	Gross assets	Beneficial owners	ADV filed
2021	$197,957,247	149	Mar 31, 2022
2022	$217,791,682	149	Mar 31, 2023

Filing source

Form ADV 1832508 · Feb 26, 2024 · Schedule D 7.B.(1), fund 805-3743449939

Reported by LYXOR ASSET MANAGEMENT LLC (CRD 121552).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

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.

People and organizations reported in Form D filings
Name	Reported role
Andrew Dabinett	Director
Jason Hubschman	Director
N/A Lyxor Asset Management Inc.	Executive
. Lyxor Asset Management Inc.	Executive
N/A Marshall Wace Llp	Executive
. Marshall Wace Llp	Executive
Jean Francois Tormo	Director
. Wilshire Advisors Llc	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

Co Services Cayman Ltd Willow House, Cricket Square
Grand Cayman, E9, KY1-1001
Phone: (212) 205-4100