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Troluce Capital Advisors LLC

Dorado, PRSEC-registered investment adviserCRD 313120

Filed as TROLUCE CAPITAL ADVISORS LLC

Troluce Capital Advisors LLC is an SEC-registered investment advisory firm in Dorado, PR, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.

3 years
registered since 2023
$2,242,396,280
assets under management
2 arrangements
Percentage of assets, Performance-based
None
disclosure items (Item 11)

Quick answers

From the filing

How is Troluce Capital Advisors LLC compensated?

On its Form ADV (Item 5.E, October 2026), Troluce Capital Advisors LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

What does Troluce Capital Advisors LLC's brochure say about its fees?

Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

Where is Troluce Capital Advisors LLC located?

Troluce Capital Advisors LLC's principal office is in Dorado, PR, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

Is Troluce Capital Advisors LLC registered with the SEC or a state?

Troluce Capital Advisors LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 313120.

How much does Troluce Capital Advisors LLC manage?

Troluce Capital Advisors LLC reports $2,242,396,280 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary).

How have Troluce Capital Advisors LLC's assets and staff changed since 2021?

In the Form ADV data for Troluce Capital Advisors LLC: Regulatory assets under management: $179,668,317 in the October 2021 data and $2,242,396,280 in the October 2026 data, up 1148%. Total employees: 1 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Troluce Capital Advisors LLC serve?

By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

Which custodians does Troluce Capital Advisors LLC use?

Troluce Capital Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Jefferies LLC as a custodian holding 10% or more of its separately managed account assets.

Does Troluce Capital Advisors 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/313120

What changed in Troluce Capital Advisors LLC's recent Form ADV filings?

In the April 2026 filing data: Regulatory assets under management went from $1,482,034,650 to $2,242,396,280 (+51%). Changed its office addresses in New York, NY.

From the Form ADV filing

Every figure below is as the firm filed it with regulators, as of October 2026.

How the firm is compensated

Item 5.E
  • A percentage of assets under your management
  • Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

Fees and minimums

Form ADV Part 2A

Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it)

The brochure's wording
The management fee generally ranges from 1.00% - 1.75%.

As stated in the firm's Form ADV Part 2A brochure dated March 30, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site

Regulatory assets under management

Item 5.F
$2,242,396,280

$2,242,396,280 as of October 2026, filing dated May 4, 2026.

Discretionary: $2,242,396,280.Non-discretionary: $0.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

Who the firm serves

Item 5.D
High net worth individuals
Clients Fewer than 5 Assets $148,862,922 (7%)
Pooled investment vehicles (other than investment companies and business development companies)
Clients 7 Assets $2,093,533,358 (93%)

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

Advisory services

Item 5.G
  • Portfolio management for pooled investment vehicles (other than investment companies)
  • Portfolio management for businesses (other than small businesses) or institutional clients

Registration and firm details

Items 1, 2, 5
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2023 (3 years)
Employees
Total: 5. Performing investment advisory functions: 3.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)
1 other office, as of the June 2026 filing
New York, NY
States registered or notice-filed
2 states or jurisdictions
NYPR

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$180M 2021 $285M 2022 $238M 2023 $449M 2024 $1.48B 2025 $2.24B 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$2,242,396,2805May 4, 2026
October 2025$1,482,034,6505July 8, 2025
October 2024$449,380,7535July 16, 2024
October 2023$238,167,3914August 4, 2023
October 2022$285,369,8101March 29, 2022
October 2021$179,668,3171June 9, 2021

Regulatory assets under management: $179,668,317 in the October 2021 data and $2,242,396,280 in the October 2026 data, up 1148%.

Total employees: 1 in October 2021 and 5 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

Changes in the filing

Last 12 months
  1. April 2026
    • Regulatory assets under management went from $1,482,034,650 to $2,242,396,280 (+51%).
    • Changed its office addresses in New York, NY.

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.

Websites listed on Form ADV

Item 1.I
troluce.com

Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."

Cite this page

AdvisorCensus. Troluce Capital Advisors LLC (CRD 313120): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/troluce-capital-advisors-llc-dorado-pr-313120