{
  "crd_number": 283147,
  "slug": "pabrai-wagons-advisors-west-lake-hills-tx-283147",
  "primary_business_name": "PABRAI WAGONS ADVISORS",
  "legal_name": "DHANDHO FUNDS LLC",
  "dbas": [],
  "city": "West Lake Hills",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "12420",
  "metro": {
    "cbsa_code": "12420",
    "common_name": "Austin",
    "msa_name": "Austin-Round Rock-San Marcos, TX",
    "path": "/advisors/tx/austin"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-09-28",
  "years_registered": 4,
  "period": "2026-10-01",
  "filing_date": "2026-08-27",
  "carried_forward": false,
  "raum_total": 104034265.0,
  "raum_discretionary": 104034265.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 104034265.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "TX"
  ],
  "websites": [
    "https://chaiwithpabrai.com",
    "https://dhandhofunds.com",
    "https://facebook.com/mohnish.pabrai",
    "https://facebook.com/people/Pabrai-Wagons-Advisors/61583834352643",
    "https://facebook.com/wagonsetf",
    "https://instagram.com/chaiwithpabrai",
    "https://linkedin.com/company/dhandho-funds-llc",
    "https://linkedin.com/company/wagonsetf",
    "https://linkedin.com/in/mohnish-pabrai",
    "https://tiktok.com/@mpabrai",
    "https://tiktok.com/@wagons_advisors",
    "https://wagonsetf.com",
    "https://x.com/WagonsAdvisors",
    "https://x.com/mohnishpabrai",
    "https://x.com/wagonsetf",
    "https://youtube.com/@PabraiWagonsAdvisors",
    "https://youtube.com/@PabraiWagonsETF",
    "https://youtube.com/user/mohnishpabrai"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/283147",
  "city_as_filed": "WEST LAKE HILLS",
  "url": "https://advisorcensus.com/firm/pabrai-wagons-advisors-west-lake-hills-tx-283147",
  "display_name": "Pabrai Wagons Advisors",
  "summary": "Pabrai Wagons Advisors is an SEC-registered investment advisory firm in West Lake Hills, TX, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 27, 2026.",
  "citation": "AdvisorCensus. Pabrai Wagons Advisors (CRD 283147): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Pabrai Wagons Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pabrai Wagons Advisors reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Pabrai Wagons Advisors located?",
      "a": "Pabrai Wagons Advisors' principal office is in West Lake Hills, TX, according to its Form ADV."
    },
    {
      "q": "Is Pabrai Wagons Advisors registered with the SEC or a state?",
      "a": "Pabrai Wagons Advisors is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 283147."
    },
    {
      "q": "How much does Pabrai Wagons Advisors manage?",
      "a": "Pabrai Wagons Advisors reports $104,034,265 in regulatory assets under management in its Form ADV filing dated August 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Pabrai Wagons Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Pabrai Wagons Advisors: Regulatory assets under management: $87,668,141 in the October 2022 data and $104,034,265 in the October 2026 data, up 19%. Total employees: 3 in October 2022 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Pabrai Wagons Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Pabrai Wagons Advisors report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/283147"
    },
    {
      "q": "Does Pabrai Wagons Advisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated August 27, 2026 says: \"The ETF does not have a minimum initial investment requirement.\""
    },
    {
      "q": "What changed in Pabrai Wagons Advisors' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $46,535,631 to $104,034,265 (+124%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": null,
      "total_employees": null,
      "filing_date": "2021-09-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 87668141.0,
      "total_employees": 3,
      "filing_date": "2022-08-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 85933703.0,
      "total_employees": 3,
      "filing_date": "2023-05-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 116270544.0,
      "total_employees": 4,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 46535631.0,
      "total_employees": 6,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 104034265.0,
      "total_employees": 5,
      "filing_date": "2026-08-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $46,535,631 to $104,034,265 (+124%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "The ETF does not have a minimum initial investment requirement."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The ETF does not have a minimum initial investment requirement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/pabrai-wagons-advisors-west-lake-hills-tx-283147.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 104034265.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/283147",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}