# Praetorian PR LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1949877. Source: https://holderbook.com/funds/1949877-praetorian-pr-llc/

- Reported value: $313.8M
- Positions: 14
- Weight of the ten largest: 97.2%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPROTT INC | [SII](https://holderbook.com/stocks/SII/) | $61.8M | 550,000 | 19.7% | 9 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $57.7M | 1,350,000 | 18.4% | 2 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $42.3M | 675,000 | 13.5% | 14 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $34.5M | 135,000 | 11.0% | 4 |
| MAREX GROUP PLC | [MRX](https://holderbook.com/stocks/MRX/) | $30.5M | 500,000 | 9.7% | 4 |
| XP INC | [XP](https://holderbook.com/stocks/XP/) | $24.8M | 1,525,000 | 7.9% | 7 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $19.5M | 75,000 | 6.2% | 4 |
| STRIDE INC | [LRN](https://holderbook.com/stocks/LRN/) | $17.2M | 200,000 | 5.5% | 3 |
| FUTU HLDGS LTD | [FUTU](https://holderbook.com/stocks/FUTU/) | $9.4M | 100,000 | 3.0% | 2 |
| LINCOLN EDL SVCS CORP | [LINC](https://holderbook.com/stocks/LINC/) | $7.1M | 142,500 | 2.3% | 2 |
| SANUWAVE HEALTH INC | [SNWV](https://holderbook.com/stocks/SNWV/) | $4.0M | 395,000 | 1.3% | 4 |
| EQUINOX GOLD CORP | [EQX](https://holderbook.com/stocks/EQX/) | $1.9M | 200,000 | 0.6% | 1 |
| CRESUD S A C I F Y A | [CRESY](https://holderbook.com/stocks/CRESY/) | $1.7M | 154,169 | 0.6% | 1 |
| IRSA INVERSIONES Y REP S A | [IRS](https://holderbook.com/stocks/IRS/) | $1.3M | 85,000 | 0.4% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -2.3% | +14.8% | -17.1% | 100% |
| Q1 2026 | +26.2% | -4.6% | +30.8% | 100% |
| Q4 2025 | +6.8% | +2.4% | +4.4% | 100% |
| Q3 2025 | +8.2% | +7.8% | +0.4% | 100% |
| Q2 2025 | +12.5% | +10.5% | +2.1% | 100% |
| Q1 2025 | -5.3% | -4.6% | -0.7% | 100% |
| Q4 2024 | -15.8% | +2.1% | -18.0% | 100% |
| Q3 2024 | -2.3% | +5.4% | -7.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $313.8M | 14 |
| Q1 2026 | $275.0M | 13 |
| Q4 2025 | $206.4M | 16 |
| Q3 2025 | $166.4M | 15 |
| Q2 2025 | $108.1M | 10 |
| Q1 2025 | $231.1M | 25 |
| Q4 2024 | $249.8M | 24 |
| Q3 2024 | $257.1M | 14 |
| Q2 2024 | $272.4M | 17 |
| Q1 2024 | $317.3M | 23 |
| Q4 2023 | $202.2M | 13 |
| Q3 2023 | $201.5M | 28 |