Wolverine Flagship Fund, LLC
Wolverine Flagship Fund, LLC is a hedge fund based in Chicago, Illinois. According to its most recent Form D, filed Nov 7, 2025, the fund has sold $2,123,307,120 of interests to 89 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 Andrew Sujdak; Kenneth Nadel; Robert Bellick.
Performance
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.
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- Total raised
- $2,123,307,120Cumulative sales reported on Form D
- Investors
- 89
- 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
- Andrew Sujdak; Kenneth Nadel; 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, LLC
What is the minimum investment for Wolverine Flagship Fund, LLC?
According to its latest Form D, filed Nov 7, 2025, the minimum investment Wolverine Flagship Fund, LLC accepts from an outside investor is $2,000,000.
Who can invest in Wolverine Flagship Fund, LLC?
Wolverine Flagship Fund, LLC 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, LLC raised?
Wolverine Flagship Fund, LLC reports $2,123,307,120 sold from 89 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, LLC based?
Wolverine Flagship Fund, LLC is based in Chicago, Illinois and is managed by Wolverine Asset Management, LLC.
When did Wolverine Flagship Fund, LLC launch?
Wolverine Flagship Fund, LLC reports its first sale in Oct 2002.
Size compared with every hedge fund
Raised more than 98% of the 323 hedge funds based in Illinois, and more than 95% of all 10,307 that report sales.