Managers / Q4 2023 · view latest →
Praetorian PR LLC
CIK 0001949877 · CARR 429, KM 4.1, BO BARRERO, RINCON, PR, 00677 · 786-396-1281
Summary
Praetorian Pr LLC reported $202M in U.S.-listed holdings across 13 positions for Q4 2023.
The portfolio is heavily concentrated: JOE alone accounts for 24.7% of reported value.
Compared with Q3 2023, the fund opened 1 new position and exited 15.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 85.4% · $173M
- ETP · 8.2% · $17M
- Other · 6.4% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VALARIS LTD | NEW | +566.4K | 566.4K | +$7M | $7M |
| YPFYPF SOCIEDAD ANONIMA | SOLD OUT | −590.0K | 0 | −$7M | $0 |
| SPROTT FDS TR | SOLD OUT | −3.5K | 0 | −$3M | $0 |
| GLOBAL X FDS | SOLD OUT | −8.8K | 0 | −$2M | $0 |
| SURGSURGEPAYS INC | SOLD OUT | −450.0K | 0 | −$2M | $0 |
| CRESYCRESUD S A C I F Y A | SOLD OUT | −300.0K | 0 | −$2M | $0 |
| LOMALOMA NEGRA C I A S A MTN 14 | SOLD OUT | −305.0K | 0 | −$2M | $0 |
| TSQTOWNSQUARE MEDIA INC | SOLD OUT | −165.0K | 0 | −$1M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | JOEST JOE COhistory → | COM | 24.68% | $50M | 829.1K |
| 2 | VALVALARIS LTD | CL A · *W EXP 04/29/202 | 19.50% | $39M | 1.04M |
| 3 | GOLDA-MARK PRECIOUS METALS INChistory → | COM | 15.19% | $31M | 1.01M |
| 4 | TDWTIDEWATER INC NEWhistory → | COM | 14.62% | $30M | 410.0K |
| 5 | URAGLOBAL X FDShistory → | GLOBAL X URANIUM | 8.22% | $17M | 600.0K |
| 6 | ATROASTRONICS CORPhistory → | COM | 4.44% | $9M | 515.5K |
| 7 | NXENEXGEN ENERGY LTDhistory → | COM | 3.22% | $7M | 930.0K |
| 8 | TRIUMPH GROUP INC NEW | COM | 3.08% | $6M | 375.0K |
| 9 | UNIVERSAL STAINLESS & ALLOY | COM | 2.98% | $6M | 300.0K |
| 10 | UECURANIUM ENERGY CORPhistory → | COM | 2.69% | $5M | 850.0K |
| 11 | LEELEE ENTERPRISES INChistory → | COM | 1.38% | $3M | 353.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $275M | 13 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $206M | 16 | Feb 17, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $166M | 15 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $108M | 10 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $231M | 25 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $250M | 24 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $257M | 14 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $272M | 17 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $317M | 23 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $202M | 13 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $195M | 27 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $163M | 28 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $137M | 21 | May 8, 2023 | 13F-HR | changes · 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 ↗.