DOSSIER · 13F-HR · Q4 2025

Praetorian PR LLC

$206M in tracked AUM across 16 positions as of Q4 2025.

PP
CIK 0001949877 · last filed Dec 31, 2025
Total AUM
$206M
as of Q4 2025
Holdings
16
positions
Whale Score
65
65
tracked
Activity
no data
changes this Q
AI Analysis · Q4 2025

Based on the SEC 13F filing data provided for Praetorian PR LLC as of September 30, 2025, here is a comprehensive analysis of the portfolio's composition, activity, and strategic orientation.

1. Portfolio Overview

Praetorian PR LLC manages a concentrated portfolio totaling approximately $87.61 million across 11 holdings. The firm demonstrates a high-conviction investment strategy characterized by low turnover in terms of the number of positions but significant rotational activity between qu...

The portfolio is highly concentrated, with the top four holdings—XP Inc, Marathon Petroleum, Marex Group, and Valero Energy—accounting for nearly 65% of the total assets. This suggests the manager prefers specific, high-conviction bets over broad diversification. The average holding size is roughly $8.0 million, indicating a relatively even distribution of capital among the selected names, excluding the largest positions.

2. Key Holdings

The portfolio is currently anchored by a mix of financial services, energy, and special purpose acquisition entities:

Quarter at a glance — Q4 2025

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q4 2025.

#HoldingValueSharesWeight
01
SII
SPROTT INC
$54M550K26.1%
02
JOE
ST JOE CO
$39M660K19.0%
03
G5S37H101
MAREX GROUP PLC
$19M500K9.3%
04
G98239109
XP INC
$16M1.0M7.9%
05
MPC
MARATHON PETE CORP
$14M85K6.7%
06
N4732M103
JBS N.V.
$11M750K5.2%
07
VLO
VALERO ENERGY CORP
$11M65K5.1%
08
G7490F101
RENATUS TACTICAL ACQUIS
$11M985K5.1%
09
LRN
STRIDE INC
$8M130K4.1%
10
SNWV
SANUWAVE HEALTH INC
$8M265K3.8%

Filing history

2025Q4Dec 31
$206M 135.5%
16 positionsView →
2025Q3Sep 30
$88M 19.0%
11 positionsView →
2025Q2Jun 30
$108M 32.1%
10 positionsLocked
2025Q1Mar 31
$159M 36.3%
18 positionsLocked
2024Q4Dec 31
$250M 2.8%
24 positionsLocked
2024Q3Sep 30
$257M 5.6%
14 positionsLocked
2024Q2Jun 30
$272M 14.1%
17 positionsLocked
2024Q1Mar 31
$317M 56.9%
23 positionsLocked
2023Q4Dec 31
$202M 0.3%
13 positionsLocked
2023Q3Sep 30
$202M 21.4%
28 positionsLocked
2023Q2Jun 30
$166M 21.2%
29 positionsLocked
2023Q1Mar 31
$137M
21 positionsLocked