{"url":"https://nivawealth.com/firms/troluce-capital-advisors-313120","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/313120","regulatoryAum":2242396280,"crd":"313120","history":[{"filedOn":"2021-06-09","regulatoryAum":179668317,"clients":1,"employees":1,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":285369810,"clients":1,"employees":1,"offices":1},{"filedOn":"2023-08-04","regulatoryAum":238167391,"clients":3,"employees":4,"offices":2},{"filedOn":"2024-07-16","regulatoryAum":449380753,"clients":6,"employees":5,"offices":2},{"filedOn":"2025-07-08","regulatoryAum":1482034650,"clients":7,"employees":5,"offices":2},{"filedOn":"2026-05-04","regulatoryAum":2242396280,"clients":7,"employees":5,"offices":2}],"secFileNumber":"801-127613","legalName":"Troluce Capital Advisors LLC","displayName":"Troluce Capital Advisors","slug":"troluce-capital-advisors-313120","website":null,"classification":{"segment":"private_funds","segmentLabel":"Private funds","type":"private_fund_manager","typeLabel":null,"feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/troluce-capital-advisors/","founded":null,"organization":"Puerto Rico limited liability company","fiscalYearEnd":"December","headquarters":{"street":"Vista Plaza, Suite 204, Calle C, Lots 81-82","city":"Dorado","state":"PR","stateName":"Puerto Rico","country":"United States","postalCode":"00646"},"tradeNames":[],"registration":{"secApproved":"7 April 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":5,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":2242396280,"discretionary":2242396280,"discretionaryAccounts":8,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":50,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":null,"fewerThan5":true,"regulatoryAum":148862922},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":2093533358}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Jefferies LLC","shortName":"Jefferies","location":"New York, NY","smaAssets":148862922}],"custodyNote":"Troluce Capital Advisors has custody of $1.98B for 6 clients.","otherCustodians":[],"leadership":[{"name":"Michael Zecher","title":"Chief Operating Officer, Chief Financial Officer, and Chief Compliance Officer","crd":"5226312"},{"name":"Jared Dubin","title":"Managing Member and Chief Investment Officer","crd":"5592546"}],"ownership":[{"label":"Jared Dubin","detail":"Managing member and chief investment officer in the 75% or more ownership band and a control person, since January 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"155 East 44th Street","city":"New York"}]},{"state":"Puerto Rico","offices":1,"addresses":[{"street":"Vista Plaza, Suite 204, Calle C, Lots 81-82","city":"Dorado","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"646-347-8801","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":75},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":8},{"label":"Derivatives","percent":14},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":5},"sources":{"adv1FilingDate":"4 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/313120/PDF/313120.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Troluce Capital Advisors have?","answer":"Troluce Capital Advisors has 7 clients and manages $2.24 billion for them, as of May 2026. They include 7 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 4 May 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Troluce Capital Advisors offer?","answer":"Troluce Capital Advisors provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Troluce Capital Advisors use?","answer":"Troluce Capital Advisors’ separately managed account assets are held at Jefferies LLC (New York, NY), with $149M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 May 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Troluce Capital Advisors have?","answer":"Troluce Capital Advisors has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Troluce Capital Advisors invest in?","answer":"At the end of its last fiscal year, Troluce Capital Advisors’ separately managed accounts held 75% exchange-traded equities, 14% derivatives, 8% investment grade corporate bonds, 2% cash and equivalents and 1% U.S. government and agency bonds. It advises 5 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Troluce Capital Advisors?","answer":"Troluce Capital Advisors’ direct owner is Jared Dubin (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 4 May 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Troluce Capital Advisors get paid?","answer":"Troluce Capital Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Troluce Capital Advisors?","answer":"Troluce Capital Advisors’ main office is at Vista Plaza, Suite 204, Calle C, Lots 81-82, Dorado, PR 00646. Its phone number is 646-347-8801.","source":"Form ADV Part 1A, Item 1.F, filed 4 May 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/troluce-capital-advisors-313120/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-14","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1910321/000189268826000135/0001892688-26-000135-index.html","totalValue":970986133,"positionCount":26,"top10Share":0.8865932764047002,"top10":[{"issuer":"ISHARES TR","titleOfClass":"RUSSELL 2000 ETF","cusip":"464287655","value":300450000,"shares":1000000,"shareType":"SH","putCall":"Put"},{"issuer":"SPACE EXPLORATION TECHN CORP","titleOfClass":"CLASS A COM STK","cusip":"84615Q103","value":166588500,"shares":975000,"shareType":"SH","putCall":"Put"},{"issuer":"ECHOSTAR CORP","titleOfClass":"CL A","cusip":"278768106","value":86275000,"shares":850000,"shareType":"SH","putCall":"Call"},{"issuer":"AMENTUM HOLDINGS 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}