-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 K058mwzrRtks+ocAOEsZCFXOl6UAOzrhoRD0OZux2vEnjjT4NEvoFlnqZ+xShtbp
 yhUYEYam+Z921QhrpxKO9g==

<SEC-DOCUMENT>0001095449-10-000048.txt : 20100325
<SEC-HEADER>0001095449-10-000048.hdr.sgml : 20100325
<ACCEPTANCE-DATETIME>20100325153750
ACCESSION NUMBER:		0001095449-10-000048
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20100325
DATE AS OF CHANGE:		20100325
EFFECTIVENESS DATE:		20100325

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Manzanita Fund, LLC
		CENTRAL INDEX KEY:			0001213766
		IRS NUMBER:				954610601
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-51700
		FILM NUMBER:		10704551

	BUSINESS ADDRESS:	
		STREET 1:		6345 BALBOA BOULEVARD, BUILDING 4
		STREET 2:		SUITE 375
		CITY:			ENCINO
		STATE:			CA
		ZIP:			91316
		BUSINESS PHONE:		(818) 774-1000

	MAIL ADDRESS:	
		STREET 1:		6345 BALBOA BOULEVARD, BUILDING 4
		STREET 2:		SUITE 375
		CITY:			ENCINO
		STATE:			CA
		ZIP:			91316

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SELECT INVESTMENTS LLC
		DATE OF NAME CHANGE:	20030110
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001213766</cik>
        <entityName>Manzanita Fund, LLC</entityName>
        <issuerAddress>
            <street1>6345 BALBOA BOULEVARD, BUILDING 4</street1>
            <street2>SUITE 375</street2>
            <city>ENCINO</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>91316</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>(818) 774-1000</issuerPhoneNumber>
        <jurisdictionOfInc>CALIFORNIA</jurisdictionOfInc>
        <edgarPreviousNameList>
            <previousName>SELECT INVESTMENTS LLC</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>N/A</firstName>
                <lastName>SB Capital Management, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6345 Balboa Blvd.,Building 4</street1>
                <street2>Suite 375</street2>
                <city>Encino</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>91316</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Matthew</firstName>
                <middleName>Allan</middleName>
                <lastName>Burke</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6345 Balboa Blvd.,Building 4</street1>
                <city>Encino</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>91316</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President of SB Capital Management, Inc., its Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Sandy</firstName>
                <middleName>Martin</middleName>
                <lastName>Singer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6345 Balboa Blvd.,Building 4</street1>
                <street2>Suite 375</street2>
                <city>Encino</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>91316</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Financial Officer of SB Capital Management, Inc., its Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>AAron</firstName>
                <middleName>Wolf</middleName>
                <lastName>Zimmer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6345 Balboa Blvd.,Building 4</street1>
                <street2>Suite 375</street2>
                <city>Encino</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>91316</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of SB Capital Management, Inc., its Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>S.</middleName>
                <lastName>Singer</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6345 Balboa Blvd.,Building 4</street1>
                <street2>Suite 375</street2>
                <city>Encino</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>91316</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Operations Officer of SB Capital Management, Inc., its Member</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.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1997-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>3912000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>true</hasNonAccreditedInvestors>
            <numberNonAccreditedInvestors>1</numberNonAccreditedInvestors>
            <totalNumberAlreadyInvested>23</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Manzanita Fund, LLC</issuerName>
                <signatureName>Richard Singer</signatureName>
                <nameOfSigner>Richard Singer</nameOfSigner>
                <signatureTitle>COO/Secretary of SB Capital Management, Inc., its Member</signatureTitle>
                <signatureDate>2010-03-17</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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