# PRIME CAPITAL MARKETS, LLC X-17A-5 (2026-03-27) — Broker-dealer annual report - Company: PRIME CAPITAL MARKETS, LLC - Form: X-17A-5 - Filed: 2026-03-27 - Period: 2025-12-31 - Accession: 0001820777-26-000001 - CIK: 1820777 - File #: 8-70570 - Type: Broker-dealer - Material weakness: No - Auditor: RSM US LLP - Auditor location: Chicago, IL - Contact: Joe Balcarcel - Phone: 13129867418 - Email: doulvey@prime-trading.com - Website: prime-trading.com - Signed by: David Oulvey (CFO) Original filing: https://www.sec.gov/Archives/edgar/data/1820777/000182077726000001/a2025pcmconfidential.pdf --- {0}------------------------------------------------ Financial Report December 31, 2025 This report is deemed CONFIDENTIAL in accordance with Rule 17a-5(e)(3) under the Securities Exchange Act of 1934. A statement of financial condition bound separately has been filed with the Securities and Exchange Commission simultaneously herewith as a CONFIDENTIAL document {1}------------------------------------------------ **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMR APPROVAL 0MB Number: 3235-0123 Expires: Nov. 30, 2026 Estimated average burden hours per response: 12 > SEC FILE NUMBER 8-70570 ## **ANNUAL REPORTS FORM X-17A-5 PART Ill** **FACING PAGE** **Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934** | | FILING FOR THE PERIOD BEGINNING __ 01_/_0_1_/_2_02_5__AND ENDING _1_2_/3_1 /2_
MM/DD/YY | | _0_2_5 __ | | | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------|---------|--------------------------------------------|----------|---------------------------| | | | | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | | NAME oF FIRM: Prime Capital Markets LLC | | | | | | | TYPE OF REGISTRANT (check all applicable boxes):
0 Broker-dealer
O Security-based swap dealer
0 Major security-based swap participant
D Check here if respondent is also an OTC derivatives dealer | | | | | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | | | 425 S. Financial Place, Suite 3160 | | | | | | | (No. and Street) | | | | | | | Chicago | | IL | | | 60605 | | (City) | | (State) | | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | | | David Oulvey | 847 712 8870 | | | | doulvey@prime-trading.com | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | | B. | ACCOUNTANT IDENTIFICATION | | | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
RSM US LLP | | | | | | | | (Name - if individual, state last, first, and middle name) | | | | | | 30 S, Wacker Dr, Suite 3300 | | Chicago | | IL | 60606 | | (Address) | (City) | | | (State) | (Zip Code) | | 09/24/2003 | | | 49 | | | | (Date of Registration with PCAOB)(if applicable) | | | (PCAOB Registration Number, if applicable) | | | | | FOR OFFICIAL USE ONLY | | | | | • Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-S(e)(l)(ii), if applicable. Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMS control number. {2}------------------------------------------------ - - - - - - - - - - - - - - - - - - - - - - - - - - - {3}------------------------------------------------ #### **Contents** | Report of Independent Registered Public Accounting Firm | 1-2 | |---------------------------------------------------------|-----------| | Financial statements | | | Statement of financial condition | 3 | | Statement
of operations | 4 | | Statement of changes in member's
equity | 5 | | Statement
of cash flows | 6 | | Notes to
financial statements | 7 -
12 | | Supplemental
Information | | | I | Computation of Net Capital Under Rule 15c3-1 of the Securities and Exchange
Commission | 13 | |----|-------------------------------------------------------------------------------------------|----| | II | Computation for Determination of Reserve Requirements under SEC Rule 15c3-3 | 14 | | | III Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 | 14 | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Member of Prime Capital Markets, LLC #### **Opinion on the Financial Statements** We have audited the accompanying statement of financial condition of Prime Capital Markets, LLC (the Company) as of December 31, 2025, the related statements of operations, changes in member's equity, and cash flows for the year then ended, and the related notes to the financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025, and the results of its operations and its cash flows for the year then ended, in conformity with accounting principles generally accepted in the United States of America. #### **Basis for Opinion** These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion. 1 {5}------------------------------------------------ #### **Supplemental Information** The supplementary information contained in Schedules I, II and III (the Supplemental Information) has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statements. The Supplemental Information is the responsibility of the Company's management. Our audit procedures included determining whether the Supplemental Information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the Supplemental Information. In forming our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5. In our opinion, the supplementary information contained in Schedules I, II and III is fairly stated, in all material respects, in relation to the financial statements as a whole. We have served as the Company's auditor since 2021. Chicago, Illinois March 19, 2026 {6}------------------------------------------------ **Statement of Financial Condition December 31, 2025** #### **Assets** | Cash | \$
63,265 | |-----------------------------------------------------------|---------------| | Derivative financial instruments, at fair value | 216,092,776 | | Receivables from broker-dealers | 7,408,076 | | Furniture, equipment, software and leasehold improvements | | | (net of accumulated depreciation of \$12,768) | 44,687 | | Prepaids | 154,684 | | Other assets | 10,579 | | | | | Total Assets | \$223,774,067 | | | | | Liabilities and Member's Equity | | | Derivative financial instruments, at fair value | \$216,606,275 | | Accounts payable and accrued expenses | 121,865 | | Due to affiliate | 82,980 | | Total Liabilities | 216,811,120 | | | | | Member's Equity | 6,962,947 | | | | | Total Member's Equity | 6,962,947 | | | | | Total Liabilities and Member's Equity | \$223,774,067 | | | | See Notes to Financial Statements. ` {7}------------------------------------------------ #### **Statement of Operations Year Ended December 31, 2025** | Revenue | | |--------------------------------------------|----------------| | Trading gains and losses, net | \$
(64,086) | | Interest Income | 139,579 | | Net Revenue | 75,493 | | | | | Expenses | | | Traders' Compensation and participation | 516,806 | | Clearing, exchange and brokerage fees | 474,745 | | Information technology and market data | 291,577 | | Professional fees | 168,700 | | Employee compensation and related benefits | 50,400 | | Other expenses | 47,462 | | Interest Expense | 40,198 | | Rent and office expenses | 26,621 | | Depreciation Expense | 12,768 | | Total expenses | 1,629,277 | | | | | Net loss | \$ (1,553,784) | | | | See Notes to Financial Statements. {8}------------------------------------------------ #### **Statement of Changes in Member's Equity Year Ended December 31, 2025** | Balance, end of year | \$
6,962,947 | |----------------------------|--------------------------| | Contributions
Net loss | 4,000,000
(1,553,784) | | Balance, beginning of year | \$
4,516,731 | See Notes to Financial Statements. {9}------------------------------------------------ #### **Statement of Cash Flows Year Ended December 31, 2025** | Cash flow from operating activities: | | |-------------------------------------------------------------------|----------------| | Net loss | \$ (1,553,784) | | Adjustments to reconcile net loss to net cash used in operations: | | | Depreciation | 12,768 | | Changes in operating assets and liabilities: | | | Derivative financial instruments, net | 513,499 | | Receivable from broker-dealers | (5,218,166) | | Prepaids and other assets | (103,231) | | Accounts payable and accrued expenses | 94,020 | | Due to affiliate | 31,856 | | Net cash used in operating activities | (6,223,038) | | Cash flows for investing activities | | | Purchase of furniture, equipment and software | (57,455) | | Net cash used in investing activities | (57,455) | | Cash flows from financing activities | | | Contributions | 4,000,000 | | Net cash provided by financing activities | 4,000,000 | | Net decrease in cash | (2,280,493) | | | | | Cash | | | Beginning of year | 2,343,758 | | End of year | \$
63,265 | | | | See Notes to Financial Statements. {10}------------------------------------------------ #### **Notes to Statement of Financial Condition** ### **Note 1. Nature of Business and Significant Accounting Policies** Prime Capital Markets, LLC, an Illinois limited liability company, ("Prime") is a proprietary trading firm, buying, selling, and dealing as principal in fixed income securities, equity securities, government securities, and derivative financial instruments for its own accounts. The owner of Prime is Prime Group Holding, LLC, a Delaware limited liability company, ("PGH"). Prime is a broker-dealer registered under the Securities Exchange Act of 1934 and is approved as a member of the Financial Industry Regulatory Authority ("FINRA"). The company commenced trading operations in July 2025. The Company is a member firm of the Cboe Exchange ("CBOE"). A summary of the Company's significant accounting policies follows: **Accounting Policies:** The Company follows Generally Accepted Accounting Principles ("GAAP"), as established by the Financial Accounting Standards Board ("the FASB"), to ensure consistent reporting of financial condition, results of operations, and cash flows. **Use of estimates:** The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. **Securities owned and securities sold, not yet purchased**: Securities transactions and related revenues and expenses are recorded on a trade-date basis at fair value in accordance with GAAP. The resulting realized gains and losses and change in unrealized gains and losses are reflected in trading gains and losses, net in the statement of operations. Securities sold, not yet purchased represent obligations to deliver specified securities at predetermined prices. The Company is obligated to purchase the securities at a future date at then-prevailing prices that may differ from the market values reflected in the statement of financial condition. **Derivative financial instruments**: Derivative financial instruments include future options and futures and are recorded at fair value in accordance with GAAP. Unrealized gains or losses on futures are recorded in receivables from broker-dealers and clearing organizations or payables to broker-dealers and clearing organizations in the statement of financial condition, netted by broker-dealer. The remaining derivatives are classified as derivative financial instruments in the statement of financial condition. Derivative transactions and the related gains and losses are recorded on a trade-date basis and the change in unrealized gains and losses on derivative contracts are reflected in trading gains and losses in the statement of operations. **Offsetting of amounts related to certain contracts**: When the requirements are met, the Company offsets certain fair value amounts recognized for cash collateral receivables or payables against fair value amounts recognized for net derivative positions executed with the same counterparty under the same master netting arrangement. See Note 5 for additional details. **Receivables from broker-dealer:** Receivables and payables relating to trades pending settlement are netted by broker-dealer and included in receivables from broker-dealer in the statement of financial condition. The Company may obtain short-term financing from broker-dealers from whom it can borrow against its proprietary inventory positions, subject to collateral maintenance requirements. **Income taxes**: Prime is taxed collectively as a partnership under the provisions of the Internal Revenue Code and, accordingly, is not subject to federal and state income taxes. Instead, members are liable for federal and state income taxes on their respective share of the taxable income of the Company. {11}------------------------------------------------ #### **Notes to Statement of Financial Condition** ### **Note 1. Nature of Business and Significant Accounting Policies (Continued)** FASB guidance requires the evaluation of tax positions taken or expected to be taken while preparing the Company's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged" or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense and liability in the current year. For the year ended December 31, 2025, management has reviewed the Company's income tax positions for the open tax years and concluded that no provision for income tax is required in the Company's financial statements. **Cash and cash equivalents:** The Company considers highly liquid interests with a maturity of three months or less when acquired to be cash equivalents. As of December 31, 2025, the Company held no cash equivalents. The company maintains cash in bank accounts which at times may exceed federally insured limits of \$250,000. The Company has not experienced any losses on these accounts. At December 31, 2025 total cash in banks was \$63,265. **Current expected credit losses:** The Company accounts for estimated credit losses on financial assets measured at an amortized cost basis and certain off-balance sheet credit exposures in accordance with FASB Accounting Standards Codification ("ASC") 326-20, Financial Instruments – Credit Losses. Management has determined that there are no material estimated credit losses through the year ended December 31, 2025, that impact the Company's financial statements. **Interest:** The company earns interest on its cash deposits with financial institutions. The Company recognizes interest income and expense on an accrual basis. **Segment reporting**: The Company is engaged in a single line of business as a proprietary trading firm, buying, selling, and dealing as principal in fixed income securities, equity securities, government securities, and derivative financial instruments for its own accounts. The Company has identified its Chief Executive Officer, as the chief operating decision maker ("CODM"), who uses net income to evaluate the results of the business, predominantly in the forecasting process, to manage the Company. The CODM uses net income to assess overall performance and to make decisions on investment priorities and spending levels. These measures inform decisions regarding cost management actions, allocation of capital within the current trading group, and allocation of capital to support growth initiatives. Additionally, the CODM uses excess net capital (see Note 7), which is not a measure of profit and loss, to make operational decisions while maintaining capital adequacy. The Company's operations constitute a single operating segment and therefore, a single reportable segment, because the CODM manages the business activities using information of the Company as a whole. The accounting policies used to measure the profit and loss of the segment are the same as those described in the summary of significant accounting policies. The segment revenue and significant expenses for the year ended December 31, 2025 has been disclosed in the statement of operations. Other expenses include travel and entertainment, taxes and license fees, bank fees, postage expenses and other miscellaneous expenses. Since the Company operates as a single segment, there are no reconciling items between segment and the amounts reported in the statement of financial condition, including total assets and segment assets. There were no changes in segment determinations, measures reviewed by the CODM, or significant expense categories compared with prior periods {12}------------------------------------------------ #### **Notes to Statement of Financial Condition** #### **Note 2. Receivables from Broker-Dealers** Receivables from broker-dealers at December 31, 2025, consists of the following: | | Receivables | |------------------------------------------------|-------------| | Cash | \$7,784,076 | | Exchange traded futures -
open trade equity | (376,000) | | | \$7,408,076 | #### **Note 3. Fair Value of Financial Instruments** Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). Inputs are broadly defined as assumptions market participants would use in pricing an asset or liability. The three levels of the fair value hierarchy are described below: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2: Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly, and the fair value is determined through the use of models or other valuation methodologies. A significant adjustment to a Level 2 input could result in the Level 2 measurement becoming a Level 3 measurement. Level 3: Inputs are unobservable for the asset or liability and include situations where there is little, if any, market activity for the asset or liability. The inputs into the determination of fair value are based upon the best information in the circumstances and may require significant management judgment or estimation. | | | | | Fair Value
Measurements
Using | | | | |----------------------------------------------------------------------------------|----|-------------|------------------------------------------------------------------------------|------------------------------------------------------------|--|--|--| | | | | | Quoted Prices in
Active Markets for
Identical Assets | | | | | Description | | Total | | (Level 1) | | | | | Assets: | | | | | | | | | Future Options | \$ | 216,092,776 | \$ | 216,092,776 | | | | | | \$ | 216,092,776 | \$ | 216,092,777 | | | | | | | | | Fair Value
Measurements
Using | | | | | Description | | Total | Quoted Prices in
Active Markets for
Identical Liabilities
(Level 1) | | | | | | Liabilities:
Receivables from broker-dealers: | | | | | | | | | Exchange traded futures - open trade equity
Derivative Financial Instruments: | \$ | 376,000 | \$ | 376,000 | | | | | Future Options | | 216,606,275 | | 216,606,275 | | | | | | \$ | 216,982,275 | \$ | 216,982,275 | | | | {13}------------------------------------------------ #### **Notes to Statement of Financial Condition** ### **Note 3. Fair Value of Financial Instruments (Continued)** In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument. The Company assesses the levels of the financial instruments at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfer in accordance with the Company's accounting policy regarding the recognition of transfers between levels of the fair value hierarchy. For the year ended December 31, 2025, there were no transfers among levels. As a proprietary trading firm, the Company executes a high volume of transactions in futures and options on a daily basis. The Company provides liquidity in most major markets on which it trades. Financial instruments traded on a national securities exchange are stated at the last reported sales price on the day of valuation. Fair value of exchange-traded contracts is based upon exchange settlement prices. Substantially all of the Company's other assets and liabilities are considered financial instruments and are either already at fair value, or at carrying amounts that approximate fair value because of the short maturity of the instruments. #### **Note 4. Related Party Transactions** The Company receives administrative services and infrastructure services from affiliates under common control, under the terms of an agreement. For the year ended December 31, 2025, \$646,728 of total expense was allocated to the Company under this agreement which is included in multiple expense line times in the statement of operations. There was \$82,980 due to affiliates as of December 31, 2025, related to this expense sharing agreement. #### **Note 5. Offsetting** The following table provides disclosure regarding the potential effect of offsetting of recognized assets and liabilities presented in the statement of financial condition: {14}------------------------------------------------ #### **Notes to Statement of Financial Condition** #### **Note 5. Offsetting (Continued)** | | | | | | Condition | | |-----------------------------|-----------------------------|--------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------|---------|--------------------------|---------------| | | Gross Amounts
Recognized | Gross Amounts
Offset in the
Statement of
Financial
Condition | Net Amounts of
Assets/Liabilities
Presented in the
Statement of
Financial
Condition | | Financial
Instruments | Net Amount | | | | | | | | | | Assets | | | | | | | | Futures Open Trade Equity 1 | - | - | | - | - | - | | Total Assets | \$
- | \$
- | \$ | - | \$
- | \$
- | | | | | | | | | | Liabilities | | | | | | | | Futures Open Trade Equity 1 | 376,000 | - | | 376,000 | - | 376,000 | | Total Liabilities | \$
376,000 | \$
- | \$ | 376,000 | \$
- | \$
376,000 | **Gross Amounts Not Offset in the Statement of Financial** Reference to Statement of Financial Condition 1 - Receivable from broker-dealers and clearing organizations #### **Note 6. Guarantees and Indemnifications** In the normal course of business, the Company enters into contracts that contain a variety of representations and warranties that provide indemnifications under certain circumstances. The Company's maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. The Company believes that it is unlikely it will have to make material payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications. #### **Note 7. Member's Equity** Prime Capital Markets, LLC: Member's equity consists of two Classes of members, Class A and B. As of December 31, 2025, Class A member's equity totaled \$6,962,947. There are no active members in Class B. The Class A member has the right and full authority to manage, control, administer and operate the business and affairs of the Company. {15}------------------------------------------------ #### **Notes to Statement of Financial Condition** #### **Note 8. Regulatory Requirements** Prime is a broker-dealer subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1) and has elected to compute its net capital requirements under the basic method, as provided by the Rule, which requires that the Company maintain minimum net capital equal to the greater of \$100,000 or 6-2/3% of aggregate indebtedness, both as defined. Net capital changes from day to day, but at December 31, 2025, Prime had net capital of \$6,752,997 which was \$6,652,997 in excess of the required capital of \$100,000. #### **Note 9. Concentration of credit risk** The company carries \$7,408,076 at a single broker/dealer. The Company continually reviews the credit quality of its counterparties and have not experienced a default. As a result, the Company does not have an expectation of credit losses for this arrangement. Management of the company deems this risk acceptable. #### **Note 10. Subsequent Events** The Company has evaluated subsequent events for potential recognition and/or disclosure through the date the financial statements were issued. Subsequent to year-end, there were no significant events. {16}------------------------------------------------ | Prime Capital Markets, LLC
Computation of Net Capital Rule 15c3-1 of the Securities and
Exchange Commission
December 31, 2025 | Schedule I | | | | |----------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|----|----------------------|--| | Total member's equity | | \$ | 6,962,947 | | | Total capital | | | 6,962,947 | | | Less non allowable
assets:
Fixed assets
Prepaid expenses
Other assets
Net capital | 44,687
154,684
10,579 | | 209,950
6,752,997 | | | Minimum net capital required (6-2/3%) of aggregate indebtedness | | | 13,656 | | | Minimum dollar net capital requirement of reporting broker-dealer | | | 100,000 | | | Net capital requirement | | | 100,000 | | | Excess net capital | | \$ | 6,652,997 | | | Total aggregate indebtedness | | | 204,845 | | | Ratio of aggregate indebtedness to net capital | | | 0.00303 to 1 | | There are no material differences between the amounts presented in the computations of net capital set forth above and the amounts as reported in Prime's unaudited Part II-A of Form X-17 A-5 as of December 31, 2025. {17}------------------------------------------------ #### **Computation for Determination of Reserve Requirements Under SEC Rule 15c3-3 December 31, 2025 Schedule II** Although Prime is not exempt from Rule 15c3-3, it does not transact business in securities with, or for, other than members of a national securities exchange and does not carry margin accounts, credit balances or securities for any person defined as a "customer" pursuant to Rule 17a-5(c)(4). Accordingly, there are no amounts reportable under these sections. #### **Information Relating to Possession or Control Requirements Under SEC Rule 15c3-3 December 31, 2025 Schedule III** Although Prime is not exempt from Rule 15c3-3, it does not transact business in securities with, or for, other than members of a national securities exchange and does not carry margin accounts, credit balances or securities for any person defined as a "customer" pursuant to Rule 17a-5(c)(4). Accordingly, there are no amounts reportable under these sections. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.