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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001164272-11-000001.txt : 20110225
<SEC-HEADER>0001164272-11-000001.hdr.sgml : 20110225
<ACCEPTANCE-DATETIME>20110225102113
ACCESSION NUMBER:		0001164272-11-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20110225
DATE AS OF CHANGE:		20110225
EFFECTIVENESS DATE:		20110225

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIGHTHOUSE DIVERSIFIED FUND QP II LP
		CENTRAL INDEX KEY:			0001164272
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-42685
		FILM NUMBER:		11638803

	BUSINESS ADDRESS:	
		STREET 1:		3801 PGA BLVD.
		STREET 2:		SUITE 500
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410
		BUSINESS PHONE:		561-741-0820

	MAIL ADDRESS:	
		STREET 1:		3801 PGA BLVD.
		STREET 2:		SUITE 500
		CITY:			PALM BEACH GARDENS
		STATE:			FL
		ZIP:			33410
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001164272</cik>
        <entityName>LIGHTHOUSE DIVERSIFIED FUND QP II LP</entityName>
        <issuerAddress>
            <street1>3801 PGA BLVD.</street1>
            <street2>SUITE 500</street2>
            <city>PALM BEACH GARDENS</city>
            <stateOrCountry>FL</stateOrCountry>
            <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
            <zipCode>33410</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>561-741-0820</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>Lighthouse Investment Partners LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>The General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sean</firstName>
                <middleName>G.</middleName>
                <lastName>McGould</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Robert</firstName>
                <middleName>P.</middleName>
                <lastName>Swan, III</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kevin</firstName>
                <middleName>R.</middleName>
                <lastName>Lakin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>J.</firstName>
                <middleName>Scott</middleName>
                <lastName>Perkins</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kenneth</firstName>
                <lastName>DesPlaines</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Kelly</firstName>
                <middleName>R.</middleName>
                <lastName>Perkins</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>3801 PGA Blvd.</street1>
                <street2>Suite 500</street2>
                <city>Palm Beach Gardens</city>
                <stateOrCountry>FL</stateOrCountry>
                <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                <zipCode>33410</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Of the General Partner</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001164272-10-000004</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2001-10-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Ascendant Wealth Management, LLC</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>3301 Bonita Beach Road</street1>
                    <street2>Suite 212</street2>
                    <city>Bonita Springs</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>34134</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Smith Barney/Citigroup</recipientName>
                <recipientCRDNumber>7059</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>399 Park Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10043</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>AL</state>
                    <description>ALABAMA</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>NH</state>
                    <description>NEW HAMPSHIRE</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>CO</state>
                    <description>COLORADO</description>
                    <state>OH</state>
                    <description>OHIO</description>
                    <state>AR</state>
                    <description>ARKANSAS</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>MI</state>
                    <description>MICHIGAN</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>WA</state>
                    <description>WASHINGTON</description>
                    <state>AZ</state>
                    <description>ARIZONA</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>MO</state>
                    <description>MISSOURI</description>
                    <state>NM</state>
                    <description>NEW MEXICO</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Elm Street Partners</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>121 Park Street</street1>
                    <city>New Canaan</city>
                    <stateOrCountry>CT</stateOrCountry>
                    <stateOrCountryDescription>CONNECTICUT</stateOrCountryDescription>
                    <zipCode>06840</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>JP Morgan Securities, Inc.</recipientName>
                <recipientCRDNumber>79</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>383 Madison Avenue</street1>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10179</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>NY</state>
                    <description>NEW YORK</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>PRS International Consulting</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>801 Brickell Avenue</street1>
                    <street2>16th Floor</street2>
                    <city>Miami</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33131</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>FL</state>
                    <description>FLORIDA</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Raymond James</recipientName>
                <recipientCRDNumber>6694</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>880 Carillon Parkway</street1>
                    <city>St. Petersburg</city>
                    <stateOrCountry>FL</stateOrCountry>
                    <stateOrCountryDescription>FLORIDA</stateOrCountryDescription>
                    <zipCode>33716</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>UT</state>
                    <description>UTAH</description>
                    <state>LA</state>
                    <description>LOUISIANA</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>IN</state>
                    <description>INDIANA</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>SunTrust Banks, Inc.</recipientName>
                <recipientCRDNumber>17499</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>303 Peachtree Street NE</street1>
                    <city>Atlanta</city>
                    <stateOrCountry>GA</stateOrCountry>
                    <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
                    <zipCode>30303</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>SC</state>
                    <description>SOUTH CAROLINA</description>
                    <state>DE</state>
                    <description>DELAWARE</description>
                    <state>VA</state>
                    <description>VIRGINIA</description>
                    <state>NC</state>
                    <description>NORTH CAROLINA</description>
                    <state>NY</state>
                    <description>NEW YORK</description>
                    <state>CA</state>
                    <description>CALIFORNIA</description>
                    <state>GA</state>
                    <description>GEORGIA</description>
                    <state>PA</state>
                    <description>PENNSYLVANIA</description>
                    <state>DC</state>
                    <description>DISTRICT OF COLUMBIA</description>
                    <state>FL</state>
                    <description>FLORIDA</description>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                    <state>KS</state>
                    <description>KANSAS</description>
                    <state>NV</state>
                    <description>NEVADA</description>
                    <state>MN</state>
                    <description>MINNESOTA</description>
                    <state>MD</state>
                    <description>MARYLAND</description>
                    <state>TX</state>
                    <description>TEXAS</description>
                    <state>KY</state>
                    <description>KENTUCKY</description>
                    <state>IL</state>
                    <description>ILLINOIS</description>
                    <state>TN</state>
                    <description>TENNESSEE</description>
                    <state>MA</state>
                    <description>MASSACHUSETTS</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
            <recipient>
                <recipientName>Thomas Weisel Partners, LLC</recipientName>
                <recipientCRDNumber>46237</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>390 Park Avenue</street1>
                    <street2>2nd Floor</street2>
                    <city>New York</city>
                    <stateOrCountry>NY</stateOrCountry>
                    <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                    <zipCode>10022</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>CT</state>
                    <description>CONNECTICUT</description>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>639858488</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Unable to determine without unreasonable time and effort, based on amount of redemptions, reinvestments and period of fund's existence. Total represents estimated net account value as of 2/11.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>242</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>Placement agents may receive commissions based on amount invested in fund from their clients. In addition, the fund's general partner may pay a portion of its management fees to certain finders.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The fund will pay the general partner an annual management fee of 1.5% of the total capital in the fund. In addition, the fund may pay management fees and performance allocations to sub-advisors.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>LIGHTHOUSE DIVERSIFIED FUND QP II LP</issuerName>
                <signatureName>J. Scott Perkins</signatureName>
                <nameOfSigner>J. Scott Perkins</nameOfSigner>
                <signatureTitle>EMD, Lighthouse Investment Partners LLC, General Partner</signatureTitle>
                <signatureDate>2011-02-25</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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