{
  "crd_number": 313927,
  "slug": "two-bear-capital-operations-llc-whitefish-mt-313927",
  "primary_business_name": "TWO BEAR CAPITAL OPERATIONS, LLC",
  "legal_name": "TWO BEAR CAPITAL OPERATIONS, LLC",
  "dbas": [],
  "city": "Whitefish",
  "state": "MT",
  "country": "United States",
  "cbsa_code": "28060",
  "metro": null,
  "registration_type": "exempt",
  "registration_status": "State ERA - ACTIVE",
  "registration_date": "2026-09-01",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-03-18",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/company/twobearcapital",
    "https://twitter.com/twobearcapital",
    "https://twobearcapital.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313927",
  "city_as_filed": "WHITEFISH",
  "url": "https://advisorcensus.com/firm/two-bear-capital-operations-llc-whitefish-mt-313927",
  "display_name": "Two Bear Capital Operations, LLC",
  "summary": "Two Bear Capital Operations, LLC is an exempt reporting adviser in Whitefish, MT, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Two Bear Capital Operations, LLC (CRD 313927): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Two Bear Capital Operations, LLC located?",
      "a": "Two Bear Capital Operations, LLC's principal office is in Whitefish, MT, according to its Form ADV."
    },
    {
      "q": "How does Two Bear Capital Operations, LLC report to regulators?",
      "a": "Two Bear Capital Operations, LLC is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: State ERA - ACTIVE. CRD 313927."
    },
    {
      "q": "Does Two Bear Capital Operations, 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/313927"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/two-bear-capital-operations-llc-whitefish-mt-313927.md",
  "clients": [],
  "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/313927",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}