Praetorian PR LLC
Long book
$274.9M
Q1 2026
Positions
12
Top-10 weight
97%
concentration
Last quarter
+1.5%
SPY +14.8%
Turnover
60%
of book per quarter
Strategy in plain words
auto-generated from filingsPraetorian PR LLC is a concentrated fundamental stock-picker, running a $274.9M US long book across 12 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: SPROTT INC, ST JOE CO/THE, UNIVERSAL TECHNICAL INSTITUT, MARATHON PETROLEUM CORP, MAREX GROUP PLC.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.9%
Q2 2024
-0.8%
Q3 2024
-15.6%
Q4 2024
-4.4%
Q1 2025
+13.6%
Q2 2025
+9.3%
Q3 2025
+7.5%
Q4 2025
+26.1%
Q1 2026
+1.5%
Sector allocation
Financials 46%
Services media 22%
Real estate 16%
Energy 14%
Healthcare 2%
Long book by quarter
What does Praetorian PR own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| SII SPROTT INC | Financials | 550.0K | $78.6M | 28.6% | Held |
| JOE ST JOE CO/THE | Real estate | 675.0K | $42.4M | 15.4% | +2.3% |
| UTI UNIVERSAL TECHNICAL INSTITUT | Services media | 1.0M | $36.1M | 13.1% | New |
| MPC MARATHON PETROLEUM CORP | Energy | 95.0K | $23.2M | 8.4% | +11.8% |
| MRX MAREX GROUP PLC | Financials | 500.0K | $22.3M | 8.1% | Held |
| XP XP INC - CLASS A | Financials | 1.0M | $19.0M | 6.9% | Held |
| LRN STRIDE INC | Services media | 200.0K | $17.6M | 6.4% | +53.8% |
| VLO VALERO ENERGY CORP | Energy | 60.0K | $14.8M | 5.4% | -7.7% |
| SNWV SANUWAVE HEALTH INC | Healthcare | 350.0K | $6.1M | 2.2% | +32.1% |
| LINC LINCOLN EDUCATIONAL SERVICES | Services media | 141.0K | $5.7M | 2.1% | New |
| RKT ROCKET COS INC-CLASS A | Financials | 200.0K | $2.9M | 1.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 13 | $275.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 16 | $206.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 15 | $166.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 10 | $108.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 25 | $231.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 24 | $249.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 14 | $257.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 17 | $272.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 23 | $317.3M | canonical | SEC ↗ |
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