{
  "crd_number": 323280,
  "slug": "praetorian-pr-llc-rincon-pr-323280",
  "primary_business_name": "PRAETORIAN PR LLC",
  "legal_name": "PRAETORIAN PR LLC",
  "dbas": [],
  "city": "Rincon",
  "state": "PR",
  "country": "United States",
  "cbsa_code": "10380",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2022-11-14",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 471328732.0,
  "raum_discretionary": 471328732.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "pooled_investment_vehicles": {
      "raum": 471328732.0,
      "count": 2
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "PR"
  ],
  "websites": [
    "https://pracap.com",
    "https://x.com/kuppyskorner",
    "https://x.com/praetoriancap"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/323280",
  "city_as_filed": "RINCON",
  "url": "https://advisorcensus.com/firm/praetorian-pr-llc-rincon-pr-323280",
  "display_name": "Praetorian PR LLC",
  "summary": "Praetorian PR LLC is an SEC-registered investment advisory firm in Rincon, PR, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Praetorian PR LLC (CRD 323280): 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 pooled investment vehicles (other than investment companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Praetorian PR LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Praetorian PR LLC reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Praetorian PR LLC located?",
      "a": "Praetorian PR LLC's principal office is in Rincon, PR, according to its Form ADV."
    },
    {
      "q": "Is Praetorian PR LLC registered with the SEC or a state?",
      "a": "Praetorian PR LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323280."
    },
    {
      "q": "How much does Praetorian PR LLC manage?",
      "a": "Praetorian PR LLC reports $471,328,732 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Praetorian PR LLC's assets and staff changed since 2023?",
      "a": "In the Form ADV data for Praetorian PR LLC: Regulatory assets under management: $214,125,140 in the October 2023 data and $471,328,732 in the October 2026 data, up 120%. Total employees: 8 in October 2023 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Praetorian PR LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Does Praetorian PR LLC 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/323280"
    },
    {
      "q": "What changed in Praetorian PR LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 5 to 2. Regulatory assets under management went from $335,579,324 to $471,328,732 (+40%)."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 214125140.0,
      "total_employees": 8,
      "filing_date": "2023-05-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 347589981.0,
      "total_employees": 8,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 335579324.0,
      "total_employees": 8,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 471328732.0,
      "total_employees": 4,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 5 to 2.",
        "Regulatory assets under management went from $335,579,324 to $471,328,732 (+40%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/praetorian-pr-llc-rincon-pr-323280.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 471328732.0
    }
  ],
  "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/323280",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}