- S&P 500 7,659.44 −1.09%
- Dow Jones 52,002.41 −0.34%
- Nasdaq 26,713.03 +0.08%
- VIX 19.99 +21.45%
- 10-year Treasury 5.09% −0.01
- Dollar index 121.40 −0.14%
- WTI crude $101.91 +1.04%
Lightstone Ventures: investment adviser
LSV Capital Management, LLC, doing business as Lightstone Ventures, is an investment adviser registered with the SEC (file 802-78212, CRD 168121). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- –
- Discretionary
- –
- Accounts
- –
- Employees
- –
- In advisory roles
- –
- Disclosures
- 0
SEC adviser record · Full Form ADV (PDF)
The firm reports no custody of client cash or securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Michael A. Carusi and Mary C. Carusi, As 19, 2016 | Company (U.S.) | Member of LSV | C 25% to 50% | Jun 2021 | ||
| Jean M. George | Person | Member/director of | B 10% to 25% | Jan 2016 | Yes | |
| Henry A. Plain, Jr. and Lisa M. Plain, Trustees | Company (U.S.) | Member of lightstone | B 10% to 25% | Jan 2016 | ||
| Henry A. Plain, Jr. and Lisa M. Plain, Trustees September 7, 1994 | Company (U.S.) | Member of LSV | B 10% to 25% | Jun 2017 | ||
| Michael A. Carusi and Mary C. Carusi, As | Company (U.S.) | Member of lightstone | B 10% to 25% | Jul 2016 | ||
| The Noonan/Ramirez Revocable Living Trust | Company (U.S.) | Member of lightstone | B 10% to 25% | Apr 2019 | ||
| Gabu Investment Holdings Limited | Company (outside the U.S.) | Member of LSV associates III, LLC | A 5% to 10% | Oct 2021 | ||
| Hanson S. Gifford III and Alexandra Stitt Dated July 21, 2006 | Company (U.S.) | Member of LSV | A 5% to 10% | Oct 2021 | ||
| Christina Kaldany Isacson | Person | Member of LSV | A 5% to 10% | Jun 2021 | ||
| Jason W Lettmann | Person | Member of lightstone Singapore associates, LLC | A 5% to 10% | Jun 2023 | ||
| Jaclyn Lettmann | Person | Member of lightstone Singapore associates, LLC | A 5% to 10% | Jun 2023 | ||
| Marital Trust Under the Will of Ralph E | Company (U.S.) | Member of LSV | A 5% to 10% | Sep 2025 |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Michael A. Carusi | The Carusi Family Trust Dated July 19, 2016 Family Trust Dated July | Person | F General partner, trustee or managing member | Yes | |
| Mary Catherine Carusi | The Carusi Family Trust Dated July 19, 2016 Family Trust Dated July | Person | F General partner, trustee or managing member | Yes | |
| Kirk A Christoffersen | Marital Trust Under the Will of Ralph E Chistoffersen Under the Will of Ralph E Ralph E Chistoffersen Under the Will of Ralph E | Person | F General partner, trustee or managing member | Yes | |
| Hanson S Gifford III | Hanson S. Gifford III and Alexandra Stitt Gifford, Trustees Family Trust Dated July of the Gifford Family Trust Dated 21, 2006 July 21, 2006 | Person | F General partner, trustee or managing member | Yes | |
| Alexandra Gifford | Hanson S. Gifford III and of the Gifford Family Trust Dated 21, 2006 July 21, 2006 | Person | F General partner, trustee or managing member | Yes | |
| Kenneth Noonan | The Noonan/Ramirez Revocable 2018 Revocable Living Trust | Person | F General partner, trustee or managing member | Yes | |
| Henry Albert Plain | The Plain Family Trust U/D/T Dated September 7, 1994 Family Trust U/D/T Dated | Person | F General partner, trustee or managing member | Yes | |
| Lisa Plain | The Plain Family Trust U/D/T Dated September 7, 1994 Family Trust U/D/T Dated | Person | F General partner, trustee or managing member | Yes | |
| Tammy Ramirez | The Noonan/Ramirez Revocable Living Trust Dated December 14, Noonan/Ramirez 2018 Revocable Living Trust | Person | F General partner, trustee or managing member | Yes | |
| Alan Celsus Butler | Gabu Investment Holdings Limited | Person | E 75% or more | Yes | |
| Caroline Butler | Gabu Investment Holdings Limited | Person | E 75% or more | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
The firm answered No to every disciplinary question on Form ADV (Item 11).
The brochure
No brochure text was read for this firm.
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.