Soapstone Capital L.P.
Soapstone Capital L.P. is a hedge fund based in Bethesda, Maryland. According to its most recent Form D, filed Jun 22, 2026, the fund has sold $306,797,000 of interests to 51 investors since its first sale in Sep 2005. The minimum investment it accepts from an outside investor is $1,000,000. 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 Jed Nussdorf; Soapstone Partners LLC; Soapstone Management L.P.
Performance
No verified returns have been reported for this fund. As a rough guide, Soapstone Management L.P., which manages it, disclosed U.S. stock holdings that returned an estimated +13.3% 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 +31.1% (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
- $306,797,000Cumulative sales reported on Form D
- Investors
- 51
- First sale
- Sep 29, 2005
- Minimum investment
- $1,000,000
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Jed Nussdorf; Soapstone Partners LLC; Soapstone Management L.P
- Latest Form D
- Jun 22, 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 Soapstone Capital L.P.
What is the minimum investment for Soapstone Capital L.P.?
According to its latest Form D, filed Jun 22, 2026, the minimum investment Soapstone Capital L.P. accepts from an outside investor is $1,000,000.
Who can invest in Soapstone Capital L.P.?
Soapstone Capital L.P. 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 Soapstone Capital L.P. raised?
Soapstone Capital L.P. reports $306,797,000 sold from 51 investors on its Form D filed Jun 22, 2026. This is cumulative sales since the offering began, not current assets or performance.
Where is Soapstone Capital L.P. based?
Soapstone Capital L.P. is based in Bethesda, Maryland and is managed by Soapstone Management L.P..
When did Soapstone Capital L.P. launch?
Soapstone Capital L.P. reports its first sale in Sep 2005.
Size compared with every hedge fund
Raised more than 82% of the 62 hedge funds based in Maryland, and more than 75% of all 10,308 that report sales.