Investment adviser · CRD 313323

SHRUG, LLC

· Form ADV filed Apr 12, 2026

Adviser-level assets, account counts and staffing figures are unavailable in this filing. View the reported fund disclosures below →

Private funds & service providers

11 detailed fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

K FUND, A SERIES OF SHRUG OPPORTUNITIES, LPVenture Capital Fund$741KGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: No Other funds reporting this name →
Marketer AL ADVISORS MANAGEMENT, INC SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes
Fund details & source
Fund ID
805-3603957466
Reported beneficial owners
11
Minimum commitment
$1K
Form D file number
021-535060

Form ADV 2093494 · Apr 12, 2026 · Schedule D 7.B.(1)

Reported by SHRUG, LLC (CRD 313323).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

SHRUG OPPORTUNITIES I, LPVenture Capital Fund$579KGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-5838091703
Reported beneficial owners
8
Minimum commitment
$5K
Form D file number
021-487353

Form ADV 2093494 · Apr 12, 2026 · Schedule D 7.B.(1)

Reported by SHRUG, LLC (CRD 313323).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

SHRUG OPPORTUNITIES II, LPVenture Capital Fund$312KGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
No
Fund details & source
Fund ID
805-1454889111
Reported beneficial owners
10
Minimum commitment
$1K
Form D file number
021-485314

Form ADV 2093494 · Apr 12, 2026 · Schedule D 7.B.(1)

Reported by SHRUG, LLC (CRD 313323).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

W LABS, A SERIES OF SHRUG OPPORTUNITIES, LPVenture Capital Fund$250KGross asset value

Form D fundraising filings

View filings for the issuer linked by this fund’s reported Form D file numbers.

Fund administrator BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Investor statements: No (provided to no investors) Related to adviser: No Other funds reporting this name →
Custodian BELLTOWER FUND GROUP, LTD SEATTLE, Washington, United States Related to adviser: No Other funds reporting this name →
Marketer AL ADVISORS MANAGEMENT, INC SAN FRANCISCO, California, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
No
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
Yes
External marketing
Yes
Fund details & source
Fund ID
805-3086749986
Reported beneficial owners
9
Minimum commitment
$1K
Form D file number
021-510773

Form ADV 2093494 · Apr 12, 2026 · Schedule D 7.B.(1)

Reported by SHRUG, LLC (CRD 313323).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

Filing history · 5 annual filings

Adviser-level financial and staffing figures are unavailable in these annual filings. Select a filing to view its reported funds and providers.

Reported services

Not reported in these imported fields

Compensation

Not reported in these imported fields

Principal office

CRD 313323

Filing source

Form ADV 2093494 · Apr 12, 2026 · Items 1 & 5

Reported by SHRUG, LLC (CRD 313323).

Annual Updating Amendment ERA Report · fiscal year 2025.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.