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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001495529-10-000003.txt : 20101109
<SEC-HEADER>0001495529-10-000003.hdr.sgml : 20101109
<ACCEPTANCE-DATETIME>20101109171822
ACCESSION NUMBER:		0001495529-10-000003
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:		20101109
DATE AS OF CHANGE:		20101109
EFFECTIVENESS DATE:		20101109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Price Flex Qualified-QP Fund, L.P.
		CENTRAL INDEX KEY:			0001495529
		IRS NUMBER:				272848547
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-147940
		FILM NUMBER:		101177220

	BUSINESS ADDRESS:	
		STREET 1:		106 VALERIE DRIVE
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70508-6008
		BUSINESS PHONE:		850.934.6300

	MAIL ADDRESS:	
		STREET 1:		106 VALERIE DRIVE
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70508-6008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Price Qualified-QP Fund, L.P.
		DATE OF NAME CHANGE:	20100629
</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>0001495529</cik>
        <entityName>Price Flex Qualified-QP Fund, L.P.</entityName>
        <issuerAddress>
            <street1>106 VALERIE DRIVE</street1>
            <city>LAFAYETTE</city>
            <stateOrCountry>LA</stateOrCountry>
            <stateOrCountryDescription>LOUISIANA</stateOrCountryDescription>
            <zipCode>70508-6008</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>850.934.6300</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>Price Qualified-QP Fund, L.P.</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Michael</firstName>
                <lastName>Price</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>2215 B Renaissance Drive</street1>
                <street2>Suite 5</street2>
                <city>Las Vegas</city>
                <stateOrCountry>NV</stateOrCountry>
                <stateOrCountryDescription>NEVADA</stateOrCountryDescription>
                <zipCode>89119</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Michael Price is the President of Price Asset Management, Inc., the general partner of the Issuer.  Michael Price is also the President of Price Capital Management, Inc., the investment manager 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>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001495529-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-09-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>500000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>63383376</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>46</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>The general partner is entitled to a preferred profit participation.  The terms of the preferred profit participation are discussed fully in the Issuer's confidential offering materials.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Price Flex Qualified-QP Fund, L.P.</issuerName>
                <signatureName>Michael Price</signatureName>
                <nameOfSigner>Michael Price</nameOfSigner>
                <signatureTitle>President of Price Asset Management, Inc.</signatureTitle>
                <signatureDate>2010-11-09</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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