SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Praetorian PR LLC

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

Reported Value
$163M
Q2 2023
Positions
28
Filings on Record
15
2019–present window
Filed
Aug 14, 2023
original filing

Summary

Praetorian Pr LLC reported $163M in U.S.-listed holdings across 28 positions for Q2 2023.

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

Compared with Q1 2023, the fund opened 18 new positions and exited 10.

Portfolio Metrics

Turnover
+28.8%
vs prior filed quarter
Top-10 Concentration
+88.4%
share of reported value
Largest Position
+24.6%
St Joe
New / Exited
18 / 10
positions this quarter

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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 76.6%ETP: 10.9%ADR: 8.2%Other: 4.2%
  • Common Stock · 76.6% · $125M
  • ETP · 10.9% · $18M
  • ADR · 8.2% · $13M
  • Other · 4.2% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
URAGLOBAL X FDSNEW+820.0K820.0K+$18M$18M
YPFYPF SOCIEDAD ANONIMANEW+500.0K500.0K+$7M$7M
NXENEXGEN ENERGY LTDNEW+1.10M1.10M+$5M$5M
ATROASTRONICS CORPNEW+130.0K130.0K+$3M$3M
TGNATEGNA INCNEW+130.0K130.0K+$2M$2M
LOMALOMA NEGRA C I A S A MTN 14NEW+240.0K240.0K+$2M$2M
CRESYCRESUD S A C I F Y ANEW+200.0K200.0K+$2M$2M
PAMPAMPA ENERGIA S ANEW+25.0K25.0K+$1M$1M

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

Holdings — Q2 2023

24 positions
#IssuerClass% PortfolioValueShares
1JOEST JOE COhistory →COM24.55%$40M829.1K
2VALVALARIS LIMITEDhistory →CL A16.72%$27M433.8K
3TDWTIDEWATER INC NEWhistory →COM11.89%$19M350.0K
4URAGLOBAL X FDShistory →GLOBAL X URANIUM10.90%$18M820.0K
5GOLDA-MARK PRECIOUS METALS INChistory →COM8.03%$13M350.0K
6YPFYPF SOCIEDAD ANONIMAhistory →SPON ADR CL D4.56%$7M500.0K
7NXENEXGEN ENERGY LTDhistory →COM3.19%$5M1.10M
8TSQTOWNSQUARE MEDIA INChistory →CL A3.06%$5M420.0K
9LEELEE ENTERPRISES INChistory →COM2.89%$5M353.7K
10UNIVERSAL STAINLESS & ALLOYCOM2.56%$4M298.5K
11SURGSURGEPAYS INChistory →COM NEW2.16%$4M482.0K
12ATROASTRONICS CORPhistory →COM1.58%$3M130.0K
13POLISHED COM INCCOM1.39%$2M4.92M
14TGNATEGNA INChistory →COM1.29%$2M130.0K
15LOMALOMA NEGRA C I A S A MTN 14SPONSORED ADS1.00%$2M240.0K
16CRESYCRESUD S A C I F Y ASPONSORED ADR0.95%$2M200.0K
17PAMPAMPA ENERGIA S ASPONS ADR LVL I0.66%$1M25.0K
18TRIUMPH GROUP INC NEWCOM0.64%$1M85.0K
19CEPUCENTRAL PUERTO S ASPONSORED ADR0.47%$762,300110.0K
20HANHAWAIIAN HOLDINGS INCCOM0.36%$592,35055.0K
21BMABANCO MACRO SASPON ADR B0.27%$435,43516.5K
22GGALGRUPO FINANCIERO GALICIA S.ASPONSORED ADR0.26%$430,00025.0K
23ANEBANEBULO PHARMACEUTICALS INCCOM0.26%$423,012180.0K
24IRSA INVERSIONES Y REP S AGLOBL DEP RCPT0.06%$102,38512.6K

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 ↗.