# Praetorian PR LLC

> 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.

- CRD: 323280
- Filed as: PRAETORIAN PR LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rincon, PR
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/323280
- AdvisorCensus page: https://advisorcensus.com/firm/praetorian-pr-llc-rincon-pr-323280

## Quick answers

**How is Praetorian PR LLC compensated?**
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.

**Where is Praetorian PR LLC located?**
Praetorian PR LLC's principal office is in Rincon, PR, according to its Form ADV.

**Is Praetorian PR LLC registered with the SEC or a state?**
Praetorian PR LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 323280.

**How much does Praetorian PR LLC manage?**
Praetorian PR LLC reports $471,328,732 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary).

**How have Praetorian PR LLC's assets and staff changed since 2023?**
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.

**What types of clients does Praetorian PR LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Praetorian PR LLC report any disciplinary disclosures?**
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

**What changed in Praetorian PR LLC's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Regulatory assets under management (Item 5.F)
- Total: $471,328,732
- Discretionary: $471,328,732
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $471,328,732 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2022 (3 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: PR
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- pracap.com
- X @kuppyskorner
- X @praetoriancap

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $214,125,140 | 8 | May 4, 2023 |
| October 2024 | $347,589,981 | 8 | March 27, 2024 |
| October 2025 | $335,579,324 | 8 | March 28, 2025 |
| October 2026 | $471,328,732 | 4 | March 25, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 5 to 2.
- Regulatory assets under management went from $335,579,324 to $471,328,732 (+40%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Praetorian PR LLC (CRD 323280): Form ADV filing data as of October 2026.