Form D · Hedge Fund

WM Alternatives TOPS Long/Short Equity Fund LLC

Wilmington, E9 · CIK 0001752870

Offering snapshot reported Jun 1, 2026 · SEC filing

Reported sold
$119M
Indefinite offering
Investors reported
173
Form D · investor count
Minimum accepted
$250K
Reported outside-investor minimum
First sale
Sep 4, 2018
As reported in this filing

Fundraising history

Reported sold
Reported amount sold by Form D filing date$0$59.5M$119MJun 30, 2021: $90,899,999.00Jun 30, 2021Jun 29, 2022: $92,459,999.00Jun 29, 2022Jun 28, 2023: $111,974,999.00Jun 28, 2023May 16, 2024: $118,214,999.00May 16, 2024Jun 9, 2025: $118,864,999.00Jun 9, 2025Jun 1, 2026: $119,064,999.00Jun 1, 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$118,864,999 → $119,064,999
  • Reported investors170 → 173

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Jun 1, 2026Amendment$119,064,999$200,000vs Jun 9, 2025173SEC filing
Jun 9, 2025Amendment$118,864,999$650,000vs May 16, 2024170SEC filing
May 16, 2024Amendment$118,214,999$6,240,000vs Jun 28, 2023169SEC filing
Jun 28, 2023Amendment$111,974,999$19,515,000vs Jun 29, 2022162SEC filing
Jun 29, 2022Amendment$92,459,999$1,560,000vs Jun 30, 2021144SEC filing
Jun 30, 2021Amendment$90,899,999No comparisonNot reportedSEC filing
Jul 21, 2020Amendment$90,859,999$5,213,333vs Sep 17, 2019139SEC filing
Sep 17, 2019Amendment$85,646,666$32,966,666vs Sep 17, 2018133SEC filing
Sep 17, 2018Initial$52,680,000No comparison91SEC 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
021-321518
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 LLC

Investment adviser: WILSHIRE ADVISORS LLC

Gross asset value
$142M
Beneficial owners
125
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 Gross asset value by annual ADV filing$0$70.9M$142MFY 2024: $120,653,757.00FY 2024FY 2025: $141,768,000.00FY 2025

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Fiscal yearGross assetsBeneficial ownersADV filed
2024$120,653,757126Mar 31, 2025
2025$141,768,000125Apr 30, 2026
Filing source

Form ADV 2117025 · Jul 1, 2026 · Schedule D 7.B.(1), fund 805-9136968879

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.

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
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:
C/O The Corporation Trust Company 1209 Orange Street
Wilmington, E9, 19801
Phone: (212) 205-4100