<SEC-DOCUMENT>0001307091-17-000001.txt : 20170308
<SEC-HEADER>0001307091-17-000001.hdr.sgml : 20170308
<ACCEPTANCE-DATETIME>20170308122547
ACCESSION NUMBER:		0001307091-17-000001
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		<ITEMS>06b
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20170308
DATE AS OF CHANGE:		20170308
EFFECTIVENESS DATE:		20170308

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MARGIN OF SAFETY FUND II LP
		CENTRAL INDEX KEY:			0001307091
		IRS NUMBER:				810651487
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-192854
		FILM NUMBER:		17674481

	BUSINESS ADDRESS:	
		STREET 1:		49 EAST 96TH STREET
		STREET 2:		UNIT 17B
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10128
		BUSINESS PHONE:		212-426-2115

	MAIL ADDRESS:	
		STREET 1:		49 EAST 96TH STREET
		STREET 2:		UNIT 17B
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10128
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0707</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001307091</cik>
        <entityName>MARGIN OF SAFETY FUND II LP</entityName>
        <issuerAddress>
            <street1>49 EAST 96TH STREET</street1>
            <street2>UNIT 17B</street2>
            <city>NEW YORK</city>
            <stateOrCountry>NY</stateOrCountry>
            <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
            <zipCode>10128</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>212-426-2115</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>Brett</firstName>
                <middleName>Duval</middleName>
                <lastName>Fromson</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>49 E. 96th Street</street1>
                <street2>Unit 17B</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Brett Duval Fromson is the Managing Member of Value Associates, LLC, which is the General Partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>-</firstName>
                <middleName>-</middleName>
                <lastName>Value Associates, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>49 E. 96th Street</street1>
                <street2>Unit 17B</street2>
                <city>New York</city>
                <stateOrCountry>NY</stateOrCountry>
                <stateOrCountryDescription>NEW YORK</stateOrCountryDescription>
                <zipCode>10128</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>General Partner of the Issuer.</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>06b</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001307091-16-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2004-10-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>33767744</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Minimum Investment in Item 11 may be reduced at the discretion of the General Partner. The amount sold and the number of investors on this Form D does not take redemptions and/or withdrawals into consideration.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>55</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>The persons named in Item 3 or affiliates thereof may receive management fees and/or incentive allocations based on the capital accounts of the limited partners in the Issuer. The amount of such fees may vary and cannot be estimated at this time.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>MARGIN OF SAFETY FUND II LP</issuerName>
                <signatureName>/Brett Duval Fromson/</signatureName>
                <nameOfSigner>Brett Duval Fromson</nameOfSigner>
                <signatureTitle>Managing Member of General Partner</signatureTitle>
                <signatureDate>2017-03-08</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>