SEC 13F Intelligence

Managers / Q1 2023 · view latest →

Praetorian PR LLC

CIK 0001949877 · CARR 429, KM 4.1, BO BARRERO, RINCON, PR, 00677 · 786-396-1281

Reported Value
$137M
Q1 2023
Positions
21
Filings on Record
15
2019–present window
Filed
May 8, 2023
original filing

Summary

Praetorian Pr LLC reported $137M in U.S.-listed holdings across 21 positions for Q1 2023.

The portfolio is heavily concentrated: JOE alone accounts for 24.6% of reported value.

Portfolio Metrics

Top-10 Concentration
+93.2%
share of reported value
Largest Position
+24.6%
St Joe

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’23: $137MQ1 ’23Q2 ’23: $163MQ3 ’23: $195MQ3 ’23Q4 ’23: $202MQ1 ’24: $317MQ1 ’24Q2 ’24: $272MQ3 ’24: $257MQ3 ’24Q4 ’24: $250MQ1 ’25: $231MQ1 ’25Q2 ’25: $108MQ3 ’25: $166MQ3 ’25Q4 ’25: $206MQ1 ’26: $275MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 52.0%ETP: 25.9%Other: 21.8%ADR: 0.4%
  • Common Stock · 52.0% · $71M
  • ETP · 25.9% · $35M
  • Other · 21.8% · $30M
  • ADR · 0.4% · $522,015

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
JOEST JOE CONEW+809.1K809.1K+$34M$34M
BNOUNITED STS BRENT OIL FD LPNEW+1.27M1.27M+$34M$34M
VALARIS LIMITEDNEW+353.8K353.8K+$23M$23M
TDWTIDEWATER INC NEWNEW+325.0K325.0K+$14M$14M
GOLDA-MARK PRECIOUS METALS INCNEW+228.0K228.0K+$8M$8M
LEELEE ENTERPRISES INCNEW+353.7K353.7K+$4M$4M
TSQTOWNSQUARE MEDIA INCNEW+420.0K420.0K+$3M$3M
FCFRANKLIN COVEY CONEW+67.2K67.2K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

16 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1JOEST JOE COhistory →COM24.58%$34M809.1K
2BNOUNITED STS BRENT OIL FD LPhistory →UNIT24.57%$34M1.27M
3VALARIS LIMITEDCL A16.81%$23M353.8K
4TDWTIDEWATER INC NEWhistory →COM10.46%$14M325.0K
5GOLDA-MARK PRECIOUS METALS INChistory →COM5.77%$8M228.0K
6LEELEE ENTERPRISES INChistory →COM3.22%$4M353.7K
7TSQTOWNSQUARE MEDIA INChistory →CL A2.45%$3M420.0K
8FCFRANKLIN COVEY COhistory →COM1.89%$3M67.2K
9POLISHED COM INCCOM1.87%$3M4.92M
10SURGSURGEPAYS INChistory →COM NEW1.57%$2M480.0K
11DKDELEK US HLDGS INC NEWhistory →COM1.44%$2M86.2K
12UNIVERSAL STAINLESS & ALLOYCOM1.37%$2M200.0K
13ASTRONICS CORPCOM1.25%$2M128.0K
14TG7TRIUMPH GROUP INC NEWCOM0.59%$811,30070.0K
15MARKETWISE INCCOM CL A0.50%$680,537367.9K
16ANEBULO PHARMACEUTICALS INCCOM0.38%$522,015180.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$275M13May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$206M16Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$166M15Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$108M10Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$231M25May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$250M24Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$257M14Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$272M17Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$317M23May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$202M13Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$195M27Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$163M28Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$137M21May 8, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.