DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

T•••••• H•••• C••••••• L••

Asset manager (funds and pooled vehicles)Bethesda, MarylandCRD 137616SEC 801-73293websiteIAPD
Latest filing Mar 23, 2026
First filing on the tape Feb 10, 2012 · 15 filings
SEC status approved since Mar 23, 2012
RAUM
$680M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
7 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$680M as of Mar 23, 2026
Mar 21, 2013$191M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 23, 2026
Mar 21, 20130 then
Employees (5.A)7 as of Mar 23, 2026
Mar 21, 20134 then
Private funds1 as of Mar 23, 2026
Mar 21, 20131 then
RAUM +26% over the last fiscal year+8.3% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 23, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$680MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$554M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$680M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$554M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      T•••••• H•••• G••••• V••••• L••Hedge Fund$551M75Feb 10, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • B••••• S••••••• R•••••• · Ceo & Managing Membercontrol
        since 03/2002 · owns 75% or more
      • F••••••••• P•••• E••••• · Co-Chief Operating Officer & Chief Compliance Officercontrol
        since 04/2005 · owns less than 5%
      • S••••••• T••••••• J•••• · Chief Financial Officer & Co-Chief Operating Officer (Starting 05/01/24)control
        since 05/2024 · owns less than 5%
      • W••••• C••••••••• H•••• · Co-Chief Operating Officercontrol
        since 01/2019 · owns less than 5%
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $449M to $554M
        Apr 2, 2025 to Mar 23, 2026
      • Discretionary RAUM · $541M to $680M
        Apr 2, 2025 to Mar 23, 2026
      • Pooled vehicle RAUM · $541M to $680M
        Apr 2, 2025 to Mar 23, 2026
      • RAUM · $541M to $680M
        Apr 2, 2025 to Mar 23, 2026
      • Assets in custody · $465M to $449M
        Mar 28, 2024 to Apr 2, 2025
      • Financial planning clients · unset to
        Mar 28, 2024 to Apr 2, 2025
      • Discretionary RAUM · $551M to $541M
        Mar 28, 2024 to Apr 2, 2025
      • Pooled vehicle RAUM · $551M to $541M
        Mar 28, 2024 to Apr 2, 2025
      • RAUM · $551M to $541M
        Mar 28, 2024 to Apr 2, 2025
      • Advisory employees · 5 to 7
        Mar 29, 2023 to Mar 28, 2024
      • Assets in custody · $436M to $465M
        Mar 29, 2023 to Mar 28, 2024
      • Employees · 5 to 7
        Mar 29, 2023 to Mar 28, 2024
      • Discretionary RAUM · $535M to $551M
        Mar 29, 2023 to Mar 28, 2024
      • Pooled vehicle RAUM · $535M to $551M
        Mar 29, 2023 to Mar 28, 2024
      • RAUM · $535M to $551M
        Mar 29, 2023 to Mar 28, 2024
      • Assets in custody · $363M to $436M
        Mar 29, 2022 to Mar 29, 2023
      • Discretionary RAUM · $476M to $535M
        Mar 29, 2022 to Mar 29, 2023
      • Pooled vehicle RAUM · $476M to $535M
        Mar 29, 2022 to Mar 29, 2023
      • RAUM · $476M to $535M
        Mar 29, 2022 to Mar 29, 2023
      • Assets in custody · $311M to $363M
        Mar 22, 2021 to Mar 29, 2022
      • Discretionary RAUM · $376M to $476M
        Mar 22, 2021 to Mar 29, 2022
      • Pooled vehicle RAUM · $376M to $476M
        Mar 22, 2021 to Mar 29, 2022
      • RAUM · $376M to $476M
        Mar 22, 2021 to Mar 29, 2022
      • Assets in custody · $237M to $311M
        Mar 30, 2020 to Mar 22, 2021
      • Discretionary RAUM · $270M to $376M
        Mar 30, 2020 to Mar 22, 2021
      • Pooled vehicle RAUM · $270M to $376M
        Mar 30, 2020 to Mar 22, 2021
      • RAUM · $270M to $376M
        Mar 30, 2020 to Mar 22, 2021
      • Assets in custody · $209M to $237M
        Mar 21, 2019 to Mar 30, 2020
      • Discretionary RAUM · $235M to $270M
        Mar 21, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $235M to $270M
        Mar 21, 2019 to Mar 30, 2020
      • RAUM · $235M to $270M
        Mar 21, 2019 to Mar 30, 2020
      • Advisory employees · 4 to 5
        Mar 29, 2018 to Mar 21, 2019
      • Assets in custody · $211M to $209M
        Mar 29, 2018 to Mar 21, 2019
      • Employees · 4 to 5
        Mar 29, 2018 to Mar 21, 2019
      • Discretionary RAUM · $268M to $235M
        Mar 29, 2018 to Mar 21, 2019
      • Pooled vehicle RAUM · $268M to $235M
        Mar 29, 2018 to Mar 21, 2019
      • RAUM · $268M to $235M
        Mar 29, 2018 to Mar 21, 2019
      • Pooled vehicle clients · unset to 1.0
        Mar 23, 2017 to Mar 29, 2018
      • Assets in custody · $186M to $211M
        Mar 23, 2017 to Mar 29, 2018
      • Other offices · unset to 0.0
        Mar 23, 2017 to Mar 29, 2018
      Signals
      4 dated events
      • T•••••• H•••• C••••••• L•• reported RAUM $680.0M, up 26% from $541.5M (2025-04-02 to 2026-03-23)
        Mar 23, 2026 · RAUM change · derived
      • James Timothy Stewart (Chief Financial Officer & Co-Chief Operating Officer (Starting 05/01/24)) appeared on Schedule A of T•••••• H•••• C••••••• L••
        Mar 28, 2024 · Control person joined · fact
      • T•••••• H•••• C••••••• L•• reported RAUM $376.1M, up 39% from $270.0M (2020-03-30 to 2021-03-22)
        Mar 22, 2021 · RAUM change · derived
      • H•••• C••••••••• W•••• (Co-Chief Operating Officer) appeared on Schedule A of T•••••• H•••• C••••••• L••
        Mar 21, 2019 · Control person joined · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      linkedin.com/company/truffle-hound-capitalreportedpublic record, Form ADV, Sep 19, 2026
      Website
      T••••••H••••.COMreportedpublic record, Form ADV, Sep 19, 2026
      Principal office phone
      301-789-2498reportedpublic record, Form ADV, Mar 23, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026