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RIA / WealthRegistered adviserformer SEC adviserleft the SEC rosterRAUM 1b 10b

HEARTHSTONE INC., A CALIFORNIA CORPORATION

CRD 112226

CALABASAS, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:d61d36f7-850f-9bb3-6f71-b01b0e2cf9db

Data as of Mar 27, 2025 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 2:50 AM UTC and rebuilt at most every 15 minutes.

Relationships: 45
Dated events: 4
On other graphs: 2
Observed: Mar 22, 2012 to Mar 27, 2025
15 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Private Creditidentity

HEARTHSTONE INC., A CALIFORNIA CORPORATION

Private credit manager · shared crd

Real Estate Fundsidentity

Hearthstone Inc., a California Corporation

Real estate fund manager · shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $2.4BItem 5.F on the latest filing (2025-03-27); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $0
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 24
Advisory employees: 8
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 15
Individual clients: 0
High net worth clients: 0
Private funds: 15Schedule D 7.B(1)
Custody, client assets: $35.5M
SEC number: 801-55793
CRD: 112226
Filings on the tape: 15
First filed: Mar 22, 2012
Latest filed: Mar 27, 2025
Organised: Corporation, CA
Website: hearthstone.com

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31; showing 25 of 43

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
CAL HEARTHSTONE PUBLIC BUILDER LOT OPTION, LLC	Real Estate Fund	$574M	Mar 28, 2024	2	Mar 29, 2021	reported	n/a
HEARTHSTONE HOUSING PARTNERS III, LLC	Real Estate Fund	$459M	Mar 28, 2024	2	Mar 22, 2012	reported	n/a
R-HEARTHSTONE PUBLIC BUILDER LOT OPTION JV LLC	Real Estate Fund	$309M	Mar 28, 2024	2	Mar 30, 2022	reported	n/a
OCS-HS LOT OPTION JOINT VENTURE II, LLC	Real Estate Fund	$160M	Mar 28, 2024	2	Mar 30, 2022	reported	n/a
BP-HS ASTER, LLC	Real Estate Fund	$117M	Mar 28, 2024	3	Mar 30, 2023	reported	n/a
KW-HS LOP OPTION POOL 01, LLC	Real Estate Fund	$73.9M	Mar 28, 2024	1	Mar 28, 2024	reported	n/a
NP-HS LOT OPTION JOINT VENTURE V, LLC	Real Estate Fund	$63.1M	Mar 30, 2022	2	Mar 31, 2020	dropped	n/a
FP-HS LOT OPTION JOINT VENTURE-GREAT PARK, LLC	Real Estate Fund	$51.1M	Jun 5, 2023	3	Mar 30, 2022	reported	n/a
FP-HS LOT OPTION JOINT VENTURE-VALENCIA, LLC	Real Estate Fund	$42.7M	Mar 28, 2024	3	Mar 29, 2021	reported	n/a
NP-HS LOT OPTION JOINT VENTURE VII, LLC	Real Estate Fund	$41.6M	Mar 28, 2024	2	Mar 30, 2022	reported	n/a
BP-HS RSI LAND VENTURE, LLC	Real Estate Fund	$26.9M	Mar 29, 2021	11	Mar 28, 2019	dropped	n/a
NP-HS LOT OPTION JOINT VENTURE I, LLC	Real Estate Fund	$25.8M	Mar 31, 2020	5	Mar 28, 2019	dropped	n/a
NP-HS LOT OPTION JOINT VENTURE VI, LLC	Real Estate Fund	$19.3M	Mar 30, 2022	2	Mar 29, 2021	dropped	n/a
HEARTHSTONE HOUSING PARTNERS II, LLC	Real Estate Fund	$16.2M	Mar 28, 2024	2	Mar 22, 2012	reported	n/a
EL-HS LOT OPTION JOINT VENTURE, LLC	Real Estate Fund	$13.2M	Mar 30, 2022	2	Mar 31, 2020	dropped	n/a
EL-HS LOT OPTION JOINT VENTURE II, LLC	Real Estate Fund	$10.7M	Mar 30, 2022	2	Mar 31, 2020	dropped	n/a
HEARTHSTONE HOUSING PARTNERS XX, LLC	Hedge Fund	$9.1M	Jun 5, 2023	2	Mar 27, 2015	reported	n/a
OCS-HS LOT OPTION JOINT VENTURE, LLC	Real Estate Fund	$7.0M	Mar 28, 2024	2	Mar 29, 2021	reported	n/a
NP-HS LOT OPTION JOINT VENTURE IV, LLC	Real Estate Fund	$6.9M	Mar 30, 2022	2	Mar 31, 2020	dropped	n/a
RESIDENTIAL CREDIT OPPORTUNITIES IV, LLC	Real Estate Fund	$6.7M	Mar 31, 2020	9	Mar 30, 2017	dropped	n/a
BP-HS LAND VENTURE III, LLC	Real Estate Fund	$6.6M	Mar 29, 2021	10	Mar 28, 2019	dropped	n/a
NP-HS LOT OPTION JOINT VENTURE VIII, LLC	Real Estate Fund	$6.1M	Mar 28, 2024	2	Mar 30, 2022	reported	n/a
HS-JC FINANCE COMPANY, LLC	Real Estate Fund	$5.9M	Jun 5, 2023	2	Mar 29, 2021	reported	n/a
NP-HS LOT OPTION JOINT VENTURE III, LLC	Real Estate Fund	$5.6M	Jun 5, 2023	2	Mar 28, 2019	reported	n/a
HEARTHSTONE HOUSING PARTNERS XV, LLC	Real Estate Fund	$5.5M	Mar 29, 2016	1	Mar 22, 2013	dropped	n/a

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
PORATH, MARK, ALLAN	Ceo	E	yes	12/2022	Mar 22, 2012	Mar 28, 2024
PORATH, STEVEN	CHIEF COMPLIANCE OFFICER	Na	no	01/2023	Mar 28, 2024	Mar 28, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
HEARTHSTONE PROFESSIONALS - SH, LP	n/a	n/a	n/a	Y	yes	n/a
HEARTHSTONE PROFESSIONALS XI, LP	n/a	n/a	n/a	Y	yes	n/a
HEARTHSTONE PROFESSIONALS XIII, LP	n/a	n/a	n/a	Y	yes	n/a
HEARTHSTONE PROFESSIONALS-CS, L.P.	n/a	n/a	n/a	Y	yes	n/a
HEARTHSTONE PROFESSIONALS-PI, LP	n/a	n/a	n/a	Y	yes	n/a
HEARTHSTONE RESIDENTIAL PROFESSIONALS III, LP	n/a	n/a	n/a	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
MISSION VIEJO	CA	United States	6	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2024	Mar 27, 2025	$2.4B	$0	24	8	1	15	n/a
2023	Mar 28, 2024	$1.8B	$0	23	10	1	12	$1.8B
2022	Mar 30, 2023	$2.0B	$0	22	10	1	17	$2.0B
2021	Mar 30, 2022	$1.6B	$0	23	10	1	22	$1.6B
2020	Mar 29, 2021	$884M	$0	17	10	1	23	$884M
2019	Mar 31, 2020	$862M	$0	18	10	1	22	$862M
2018	Mar 28, 2019	$704M	$0	17	10	1	18	$704M
2017	Mar 29, 2018	$567M	$0	20	10	1	15	$567M
2016	Mar 30, 2017	$520M	$0	20	10	n/a	14	$520M
2015	Mar 29, 2016	$393M	$0	20	10	n/a	15	$394M
2014	Mar 27, 2015	$300M	$0	20	10	n/a	17	$228M
2013	Mar 21, 2014	$550M	$550M	22	10	n/a	15	$470M
2012	Mar 22, 2013	$600M	$600M	22	10	n/a	15	$604M
2011	Mar 22, 2012	$575M	$575M	n/a	n/a	n/a	14	$581M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2024	$2.4B	$1.8B	36.0%	$1.6B	15.2%	24	23	1	1

Relationships

Advises (43)

→ BP-HS ASTER, LLCPrivate fundReal Estate Fund, IA
Mar 30, 2023 to presentfactForm ADV
→ OCS-HS LOT OPTION JOINT VENTURE, LLCPrivate fundReal Estate Fund, IA
Mar 29, 2021 to presentfactForm ADV
→ KW-HS LOP OPTION POOL 01, LLCPrivate fundReal Estate Fund, IA
Mar 28, 2024 to presentfactForm ADV
→ HEARTHSTONE HOUSING PARTNERS II, LLCPrivate fundReal Estate Fund, IA
Mar 22, 2012 to presentfactForm ADV
→ OCS-HS LOT OPTION JOINT VENTURE II, LLCPrivate fundReal Estate Fund, IA
Mar 30, 2022 to presentfactForm ADV
→ NP-HS LOT OPTION JOINT VENTURE VIII, LLCPrivate fundReal Estate Fund, IA
Mar 30, 2022 to presentfactForm ADV
→ NP-HS LOT OPTION JOINT VENTURE VII, LLCPrivate fundReal Estate Fund, IA
Mar 30, 2022 to presentfactForm ADV
→ FP-HS LOT OPTION JOINT VENTURE-VALENCIA, LLCPrivate fundReal Estate Fund, IA
Mar 29, 2021 to presentfactForm ADV
→ R-HEARTHSTONE PUBLIC BUILDER LOT OPTION JV LLCPrivate fundReal Estate Fund, IA
Mar 30, 2022 to presentfactForm ADV
→ CAL HEARTHSTONE PUBLIC BUILDER LOT OPTION, LLCPrivate fundReal Estate Fund, IA
Mar 29, 2021 to presentfactForm ADV
→ HEARTHSTONE MULTI-STATE RESIDENTIAL VALUE-ADDED FUND III, LLCPrivate fundReal Estate Fund, IA
Mar 22, 2012 to presentfactForm ADV
→ HEARTHSTONE HOUSING PARTNERS III, LLCPrivate fundReal Estate Fund, IA
Mar 22, 2012 to presentfactForm ADV
→ HEARTHSTONE HOUSING PARTNERS XX, LLCPrivate fundHedge Fund, IA
Mar 27, 2015 to presentfactForm ADV
→ FP-HS LOT OPTION JOINT VENTURE-GREAT PARK, LLCPrivate fundReal Estate Fund, IA
Mar 30, 2022 to presentfactForm ADV
→ HS-JC FINANCE COMPANY, LLCPrivate fundReal Estate Fund, IA
Mar 29, 2021 to presentfactForm ADV
→ NP-HS LOT OPTION JOINT VENTURE III, LLCPrivate fundReal Estate Fund, IA
Mar 28, 2019 to presentfactForm ADV
→ LARKSPUR LAND, LLCPrivate fundReal Estate Fund, IA
Mar 27, 2015 to presentfactForm ADV
→ HEARTHSTONE - SEPII HOMEBUILDING INVESTORS, LLC (SERIES 2)Private fundReal Estate Fund, IA
Mar 22, 2012 to presentfactForm ADV
→ NP-HS LOT OPTION JOINT VENTURE IV, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2020 to Mar 30, 2022factForm ADV
→ NP-HS LOT OPTION JOINT VENTURE II, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 28, 2019 to Mar 30, 2022factForm ADV
→ NP-HS LOT OPTION JOINT VENTURE V, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2020 to Mar 30, 2022factForm ADV
→ EL-HS LOT OPTION JOINT VENTURE II, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2020 to Mar 30, 2022factForm ADV
→ NP-HS LOT OPTION JOINT VENTURE VI, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 29, 2021 to Mar 30, 2022factForm ADV
→ EL-HS LOT OPTION JOINT VENTURE, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 31, 2020 to Mar 30, 2022factForm ADV
→ HEARTHSTONE - MSII HOMEBUILDING INVESTORS, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 22, 2012 to Mar 29, 2021factForm ADV
→ HEARTHSTONE - SEPII HOMEBUILDING INVESTORS, LLC (SERIES 1)Private fundReal Estate Fund, IA, no longer reported
Mar 22, 2012 to Mar 29, 2021factForm ADV
→ BP-HS RSI LAND VENTURE, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 28, 2019 to Mar 29, 2021factForm ADV
→ HS/AT HOUSING PARTNERS, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 30, 2017 to Mar 29, 2021factForm ADV
→ BP-HS LAND VENTURE II, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 29, 2018 to Mar 29, 2021factForm ADV
→ BP-HS LAND VENTURE III, LLCPrivate fundReal Estate Fund, IA, no longer reported
Mar 28, 2019 to Mar 29, 2021factForm ADV
and 13 more

Controls (1)

← PORATH, MARK, ALLANOwnerCEO, ownership code E, individual
Mar 22, 2012 to Mar 28, 2024factForm ADV

Owns (1)

← PORATH, STEVENOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Mar 28, 2024 to Mar 28, 2024factForm ADV

Dated events

1 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Mar 27, 2025
Regulatory AUM changed
Hearthstone Inc., A California Corporation reported RAUM $2.4B, up 36% from $1.8B (2024-03-28 to 2025-03-27)
Form ADVobserved 4 days ago
$645M
Occurred
Mar 30, 2023
Regulatory AUM changed
Hearthstone Inc., A California Corporation reported RAUM $2.0B, up 26% from $1.6B (2022-03-30 to 2023-03-30)
Form ADVobserved 4 days ago
$412M
Occurred
Mar 30, 2022
Regulatory AUM changed
Hearthstone Inc., A California Corporation reported RAUM $1.6B, up 80% from $884.2M (2021-03-29 to 2022-03-30)
Form ADVobserved 4 days ago
$711M

Show 1 bookkeeping events

Occurred
Feb 2, 2026
Hearthstone Inc., A California Corporation no longer on the SEC adviser roster (last listed 2026-01-02, RAUM $2.4B)

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:d61d36f7-850f-9bb3-6f71-b01b0e2cf9db
First observed: Mar 22, 2012
Last observed: Mar 27, 2025 18 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

HEARTHSTONE INC., A CALIFORNIA CORPORATION

CRD 112226

CALABASAS, CA

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:d61d36f7-850f-9bb3-6f71-b01b0e2cf9db

Data as of Mar 27, 2025 (this record's last observation) from federal regulator filings. Page built Sep 19, 2026, 2:50 AM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

CAL HEARTHSTONE PUBLIC BUILDER LOT OPTION, LLC

Real Estate Fund

$574M

Mar 28, 2024

Mar 29, 2021

reported

n/a

HEARTHSTONE HOUSING PARTNERS III, LLC

Real Estate Fund

$459M

Mar 28, 2024

Mar 22, 2012

reported

n/a

R-HEARTHSTONE PUBLIC BUILDER LOT OPTION JV LLC

Real Estate Fund

$309M

Mar 28, 2024

Mar 30, 2022

reported

n/a

OCS-HS LOT OPTION JOINT VENTURE II, LLC

Real Estate Fund

$160M

Mar 28, 2024

Mar 30, 2022

reported

n/a

BP-HS ASTER, LLC

Real Estate Fund

$117M

Mar 28, 2024

Mar 30, 2023

reported

n/a

KW-HS LOP OPTION POOL 01, LLC

Real Estate Fund

$73.9M

Mar 28, 2024

reported

n/a

NP-HS LOT OPTION JOINT VENTURE V, LLC

Real Estate Fund

$63.1M

Mar 30, 2022

Mar 31, 2020

dropped

n/a

FP-HS LOT OPTION JOINT VENTURE-GREAT PARK, LLC

Real Estate Fund

$51.1M

Jun 5, 2023

Mar 30, 2022

reported

n/a

FP-HS LOT OPTION JOINT VENTURE-VALENCIA, LLC

Real Estate Fund

$42.7M

Mar 28, 2024

Mar 29, 2021

reported

n/a

NP-HS LOT OPTION JOINT VENTURE VII, LLC

Real Estate Fund

$41.6M

Mar 28, 2024

Mar 30, 2022

reported

n/a

BP-HS RSI LAND VENTURE, LLC

Real Estate Fund

$26.9M

Mar 29, 2021

Mar 28, 2019

dropped

n/a

NP-HS LOT OPTION JOINT VENTURE I, LLC

Real Estate Fund

$25.8M

Mar 31, 2020

Mar 28, 2019

dropped

n/a

NP-HS LOT OPTION JOINT VENTURE VI, LLC

Real Estate Fund

$19.3M

Mar 30, 2022

Mar 29, 2021

dropped

n/a

HEARTHSTONE HOUSING PARTNERS II, LLC

Real Estate Fund

$16.2M

Mar 28, 2024

Mar 22, 2012

reported

n/a

EL-HS LOT OPTION JOINT VENTURE, LLC

Real Estate Fund

$13.2M

Mar 30, 2022

Mar 31, 2020

dropped

n/a

EL-HS LOT OPTION JOINT VENTURE II, LLC

Real Estate Fund

$10.7M

Mar 30, 2022

Mar 31, 2020

dropped

n/a

HEARTHSTONE HOUSING PARTNERS XX, LLC

Hedge Fund

$9.1M

Jun 5, 2023

Mar 27, 2015

reported

n/a

OCS-HS LOT OPTION JOINT VENTURE, LLC

Real Estate Fund

$7.0M

Mar 28, 2024

Mar 29, 2021

reported

n/a

NP-HS LOT OPTION JOINT VENTURE IV, LLC

Real Estate Fund

$6.9M

Mar 30, 2022

Mar 31, 2020

dropped

n/a

RESIDENTIAL CREDIT OPPORTUNITIES IV, LLC

Real Estate Fund

$6.7M

Mar 31, 2020

Mar 30, 2017

dropped

n/a

BP-HS LAND VENTURE III, LLC

Real Estate Fund

$6.6M

Mar 29, 2021

Mar 28, 2019

dropped

n/a

NP-HS LOT OPTION JOINT VENTURE VIII, LLC

Real Estate Fund

$6.1M

Mar 28, 2024

Mar 30, 2022

reported

n/a

HS-JC FINANCE COMPANY, LLC

Real Estate Fund

$5.9M

Jun 5, 2023

Mar 29, 2021

reported

n/a

NP-HS LOT OPTION JOINT VENTURE III, LLC

Real Estate Fund

$5.6M

Jun 5, 2023

Mar 28, 2019

reported

n/a

HEARTHSTONE HOUSING PARTNERS XV, LLC

Real Estate Fund

$5.5M

Mar 29, 2016

Mar 22, 2013

dropped

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

PORATH, MARK, ALLAN

Ceo

yes

12/2022

Mar 22, 2012

Mar 28, 2024

PORATH, STEVEN

CHIEF COMPLIANCE OFFICER

01/2023

Mar 28, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

HEARTHSTONE PROFESSIONALS - SH, LP

n/a

yes

n/a

HEARTHSTONE PROFESSIONALS XI, LP

n/a

yes

n/a

HEARTHSTONE PROFESSIONALS XIII, LP

n/a

yes

n/a

HEARTHSTONE PROFESSIONALS-CS, L.P.

n/a

yes

n/a

HEARTHSTONE PROFESSIONALS-PI, LP

n/a

yes

n/a

HEARTHSTONE RESIDENTIAL PROFESSIONALS III, LP

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

MISSION VIEJO

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2024

Mar 27, 2025

$2.4B

n/a

2023

Mar 28, 2024

$1.8B

2022

Mar 30, 2023

$2.0B

2021

Mar 30, 2022

$1.6B

2020

Mar 29, 2021

$884M

2019

Mar 31, 2020

$862M

2018

Mar 28, 2019

$704M

2017

Mar 29, 2018

$567M

2016

Mar 30, 2017

$520M

n/a

$520M

2015

Mar 29, 2016

$393M

n/a

$394M

2014

Mar 27, 2015

$300M

n/a

$228M

2013

Mar 21, 2014

$550M

n/a

$470M

2012

Mar 22, 2013

$600M

n/a

$604M

2011

Mar 22, 2012

$575M

n/a

$581M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2024

$2.4B

$1.8B

36.0%

$1.6B

15.2%