Five Stones Trading LP is a hedge fund based in Rochester, New York. According to its most recent Form D, filed Oct 21, 2026, the fund has sold $300,000 of interests to 2 investors since its first sale in Jul 2026. The minimum investment it accepts from an outside investor is $100,000. It relies on the Section 3(c)(1) exclusion, which limits it to 100 beneficial owners, typically accredited investors. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, HedgeMountain classifies it as an emerging manager. Related persons named in the filing include Walter McDonald; Jacob Fabry; Five Stones Capital Management LLC.
Performance
No verified returns have been reported for this fund. Hedge fund returns are not part of SEC filings; managers report them to HedgeMountain directly.
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- Total raised
- $300,000Cumulative sales reported on Form D
- Investors
- 2
- First sale
- Jul 29, 2026
- Minimum investment
- $100,000
- Who can invest
- Accredited investorsSection 3(c)(1): up to 100 beneficial owners
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Walter McDonald; Jacob Fabry; Five Stones Capital Management LLC
- Latest Form D
- Oct 21, 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 HedgeMountain 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
Size compared with every hedge fund
Raised more than 10% of the 2,544 hedge funds based in New York, and more than 2% of all 10,334 that report sales.