SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Praetorian PR LLC

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

Reported Value
$231M
Q1 2025
Positions
25
Filings on Record
15
2019–present window
Filed
May 15, 2025
original filing

Summary

Praetorian Pr LLC reported $231M in U.S.-listed holdings across 25 positions for Q1 2025.

The portfolio is heavily concentrated: Valaris alone accounts for 23.4% of reported value.

Compared with Q4 2024, the fund opened 9 new positions and exited 8.

Portfolio Metrics

Turnover
+12.0%
vs prior filed quarter
Top-10 Concentration
+89.6%
share of reported value
Largest Position
+23.4%
Valaris
New / Exited
9 / 8
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. 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: 56.1%Other: 42.8%ETP: 1.2%
  • Common Stock · 56.1% · $130M
  • Other · 42.8% · $99M
  • ETP · 1.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
COURCOURSERA INCNEW+665.0K665.0K+$4M$4M
PHILIP MORRIS INTL INCNEW+800800+$2M$2M
NAKNORTHERN DYNASTY MINERALS LTNEW+1.70M1.70M+$2M$2M
TEEKAY TANKERS LTDNEW+47.5K47.5K+$2M$2M
PATRIA INVESTMENTS LIMITEDNEW+155.0K155.0K+$2M$2M
TMQTRILOGY METALS INC NEWNEW+420.0K420.0K+$650,896$650,896
ITRINTEGRA RES CORPNEW+100.0K100.0K+$124,000$124,000
IEIVANHOE ELECTRIC INCNEW+10.0K10.0K+$58,100$58,100

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

Holdings — Q1 2025

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VALARIS LTDCL A · *W EXP 04/29/20225.25%$58M2.23M
2JOEST JOE COhistory →COM16.96%$39M835.0K
3SIISPROTT INChistory →COM NEW10.68%$25M550.0K
4TDWTIDEWATER INC NEWhistory →COM8.32%$19M455.0K
5XP INCCL A7.14%$17M1.20M
6DKNGDRAFTKINGS INC NEWhistory →COM CL A7.11%$16M495.0K
7GOLDA-MARK PRECIOUS METALS INChistory →COM6.04%$14M550.0K
8NOBLE CORP PLCORD SHS A5.13%$12M500.0K
9INMBINMUNE BIO INChistory →COM2.92%$7M865.0K
10COURCOURSERA INChistory →COM1.92%$4M665.0K
11LEELEE ENTERPRISES INCCOM0.91%$2M202.0K
12NAKNORTHERN DYNASTY MINERALS LTCOM NEW0.85%$2M1.70M
13TEEKAY TANKERS LTDCL A0.79%$2M47.5K
14PATRIA INVESTMENTS LIMITEDCOM CL A0.76%$2M155.0K
15TMQTRILOGY METALS INC NEWCOM0.28%$650,896420.0K
16ITRINTEGRA RES CORPCOM0.05%$124,000100.0K
17IEIVANHOE ELECTRIC INCCOM0.03%$58,10010.0K

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 ↗.