Form D · Hedge Fund

Lionstone Fund, LP

New York, NY · CIK 0001320813

Offering snapshot reported Sep 23, 2026 · SEC filing

Reported sold
$447M
Indefinite offering
Investors reported
72
Form D · investor count
Minimum accepted
$1M
Reported outside-investor minimum
First sale
Oct 1, 2004
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$224M$447MMar 16, 2009: $260,771,524.00Mar 16, 2009Mar 3, 2010: $322,624,280.00Mar 3, 2011: $375,831,726.00Mar 2, 2012: $383,493,077.00Mar 1, 2013: $383,568,077.00Mar 3, 2014: $378,735,502.00Mar 3, 2015: $379,035,502.00Feb 25, 2016: $380,785,502.00Feb 24, 2017: $394,785,502.00Feb 23, 2018: $398,792,869.00Feb 22, 2019: $398,793,122.00Feb 21, 2020: $408,834,386.00Feb 22, 2021: $426,927,266.00Feb 22, 2022: $446,470,749.00Sep 22, 2022: $446,540,249.00Sep 22, 2023: $446,790,249.00Sep 23, 2024: $446,790,249.00Sep 23, 2025: $447,150,062.00Sep 23, 2026: $447,200,255.00Sep 23, 2026

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$447,150,062 → $447,200,255

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Sep 23, 2026Amendment$447,200,255$50,193vs Sep 23, 202572SEC filing
Sep 23, 2025Amendment$447,150,062$359,813vs Sep 23, 202472SEC filing
Sep 23, 2024Amendment$446,790,249$0vs Sep 22, 202372SEC filing
Sep 22, 2023Amendment$446,790,249$250,000vs Sep 22, 202272SEC filing
Sep 22, 2022Amendment$446,540,249$69,500vs Feb 22, 202271SEC filing
Feb 22, 2022Amendment$446,470,749$19,543,483vs Feb 22, 202169SEC filing
Feb 22, 2021Amendment$426,927,266$18,092,880vs Feb 21, 202067SEC filing
Feb 21, 2020Amendment$408,834,386$10,041,264vs Feb 22, 201967SEC filing
Feb 22, 2019Amendment$398,793,122$253vs Feb 23, 201866SEC filing
Feb 23, 2018Amendment$398,792,869$4,007,367vs Feb 24, 201766SEC filing
Feb 24, 2017Amendment$394,785,502$14,000,000vs Feb 25, 201666SEC filing
Feb 25, 2016Amendment$380,785,502$1,750,000vs Mar 3, 201563SEC filing
Mar 3, 2015Amendment$379,035,502$300,000vs Mar 3, 201459SEC filing
Mar 3, 2014Amendment$378,735,502-$4,832,575vs Mar 1, 201358SEC filing
Mar 1, 2013Amendment$383,568,077$75,000vs Mar 2, 201255SEC filing
Mar 2, 2012Amendment$383,493,077$7,661,351vs Mar 3, 201155SEC filing
Mar 3, 2011Amendment$375,831,726$53,207,446vs Mar 3, 201053SEC filing
Mar 3, 2010Amendment$322,624,280$61,852,756vs Mar 16, 200951SEC filing
Mar 16, 2009Amendment$260,771,524No comparisonNot reportedSEC filing
Mar 14, 2005PaperNot reportedNo comparisonNot reportedSEC filing

Offering details

Securities
Pooled investment fund
Exemptions
06b, 3C, 3C.1
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-74987
The minimum investment reflected in Item 11 is subject to waiver, reduction or change is the sole discretion of the General Partner.

Source: Form D, filed Sep 23, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

LIONSTONE FUND, LP

Investment adviser: LIONSTONE CAPITAL MANAGEMENT LLC

Gross asset value
$146M
Beneficial owners
24
ADV minimum commitment
$1M

Reported in Form ADV on Mar 31, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES, INC. NEW YORK, New York, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor ERNST & YOUNG LTD. HAMILTON, Bermuda
Custodian CITIBANK, N.A. NEW YORK, New York, United States Related to adviser: No
Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No

ERNST & YOUNG LTD.
PCAOB 1277

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

CITIGROUP GLOBAL MARKETS INC.
SEC 8-8177

Filing source

Form ADV 2086084 · Mar 31, 2026 · Schedule D 7.B.(1), fund 805-8856518028

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; 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
NameReported role
N/A N/A Lionstone Capital Management Llc Promoter
N/A N/A Lionstone Gp, Llc Promoter
Lee Lowenstein Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
Lionstone Gp, Llc 745 Fifth Avenue, 16 Th Floor
New York, NY, 10151