Managers / Q3 2025 · 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 $166M in U.S.-listed holdings across 15 positions for Q3 2025.
The portfolio is heavily concentrated: SII alone accounts for 27.5% of reported value.
Compared with Q2 2025, the fund opened 10 new positions and exited 5.
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 · 92.3% · $154M
- Other · 7.7% · $13M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MPCMARATHON PETE CORP | NEW | +70.0K | 70.0K | +$13M | $13M |
| MRXMAREX GROUP PLC | NEW | +400.0K | 400.0K | +$13M | $13M |
| VLOVALERO ENERGY CORP | NEW | +65.0K | 65.0K | +$11M | $11M |
| PBFPBF ENERGY INC | NEW | +250.0K | 250.0K | +$8M | $8M |
| DOLEDOLE PLC | NEW | +500.0K | 500.0K | +$7M | $7M |
| OPCHOPTION CARE HEALTH INC | NEW | +125.0K | 125.0K | +$3M | $3M |
| SPDR S&P 500 ETF TR | NEW | +4.3K | 4.3K | +$1M | $1M |
| SNWVSANUWAVE HEALTH INC | NEW | +17.3K | 17.3K | +$646,530 | $646,530 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SIISPROTT INChistory → | COM NEW | 27.50% | $46M | 550.0K |
| 2 | JOEST JOE COhistory → | COM | 19.63% | $33M | 660.0K |
| 3 | XPXP INChistory → | CL A | 11.29% | $19M | 1.00M |
| 4 | MPCMARATHON PETE CORPhistory → | COM | 8.11% | $13M | 70.0K |
| 5 | MRXMAREX GROUP PLChistory → | ORD | 8.08% | $13M | 400.0K |
| 6 | VLOVALERO ENERGY CORPhistory → | COM | 6.65% | $11M | 65.0K |
| 7 | RENATUS TACTICAL ACQUIS | SHS CL A | 6.03% | $10M | 920.0K |
| 8 | PBFPBF ENERGY INChistory → | CL A | 4.53% | $8M | 250.0K |
| 9 | DOLEDOLE PLChistory → | ORD SHS | 4.04% | $7M | 500.0K |
| 10 | OPCHOPTION CARE HEALTH INChistory → | COM NEW | 2.09% | $3M | 125.0K |
| 11 | VALARIS LTD | *W EXP 04/29/202 | 0.80% | $1M | 477.6K |
| 12 | SNWVSANUWAVE HEALTH INC | COM | 0.39% | $646,530 | 17.3K |
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 ↗.