# 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.

- CRD: 313120
- Filed as: TROLUCE CAPITAL ADVISORS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dorado, PR
- Filing period: October 2026
- Form ADV filing dated: May 4, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/313120
- AdvisorCensus page: https://advisorcensus.com/firm/troluce-capital-advisors-llc-dorado-pr-313120

## Quick answers

**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.

**How much does Troluce Capital Advisors LLC charge?**
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

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

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

> The management fee generally ranges from 1.00% - 1.75%.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Jefferies LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,242,396,280
- Discretionary: $2,242,396,280
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | Fewer than 5 | $148,862,922 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $2,093,533,358 |

### 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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY, PR
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- troluce.com
- LinkedIn @troluce-capital-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $179,668,317 | 1 | June 9, 2021 |
| October 2022 | $285,369,810 | 1 | March 29, 2022 |
| October 2023 | $238,167,391 | 4 | August 4, 2023 |
| October 2024 | $449,380,753 | 5 | July 16, 2024 |
| October 2025 | $1,482,034,650 | 5 | July 8, 2025 |
| October 2026 | $2,242,396,280 | 5 | May 4, 2026 |

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.

## Changes in the filing (last 12 months)

### 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Troluce Capital Advisors LLC (CRD 313120): Form ADV filing data as of October 2026.