Praetorian PR LLC Hedge Fund

Location: Rincon, Puerto Rico

CIK: 0001949877 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $206M (100.0% shares, 0.0% debt)

Holdings (16)

SII SPROTT INC 26.1%

Value $53.86M Shares 550,000 Est. Cost $40.79 Unrealized +117.4%

JOE ST JOE CO 19.0%

Value $39.18M Shares 660,000 Est. Cost $42.84 Unrealized +30.7%

MRX MAREX GROUP PLC 9.3%

Value $19.18M Shares 500,000 Est. Cost $35.48 Unrealized -4.3%

Value $16.37M Shares 1,000,000 Est. Cost $15.41 Unrealized +14.2%

MPC MARATHON PETE CORP 6.7%

Value $13.82M Shares 85,000 Est. Cost $176.57 Unrealized +5.6%

JBS JBS N.V. 5.2%

Value $10.81M Shares 750,000 Est. Cost $13.74 Unrealized 0.0%

VLO VALERO ENERGY CORP 5.1%

Value $10.58M Shares 65,000 Est. Cost $147.81 Unrealized +14.2%

RTAC RENATUS TACTICAL ACQUIS 5.1%

Value $10.51M Shares 985,000 Est. Cost $11.23 Unrealized -2.8%

LRN STRIDE INC 4.1%

Value $8.441M Shares 130,000 Est. Cost $90.80 Unrealized 0.0%

SNWV SANUWAVE HEALTH INC 3.8%

Value $7.908M Shares 265,000 Est. Cost $32.40 Unrealized -1.0%

PBF PBF ENERGY INC 3.3%

Value $6.78M Shares 250,000 Est. Cost $26.14 Unrealized +22.5%

NWAX/U NEW AMER ACQUISITION I CORP 1.8%

Value $3.748M Shares 360,000 Est. Cost $10.41 Unrealized —

DOLE DOLE PLC 1.3%

Value $2.601M Shares 173,500 Est. Cost $14.03 Unrealized -0.7%

TVA TEXAS VENTURES ACQUISITION I 1.0%

Value $2.077M Shares 195,000 Est. Cost $10.86 Unrealized 0.0%

HSAI HESAI GROUP 0.1%

Value $257K Shares 11,490 Est. Cost $22.40 Unrealized —

VAL/WS VALARIS LTD 0.1%

Value $238K Shares 135,000 Est. Cost $11.97 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SII	SPROTT INC	550,000	$53.86M	26.1%	$40.79	+117.4%	COM NEW	852066208
JOE	ST JOE CO	660,000	$39.18M	19.0%	$42.84	+30.7%	COM	790148100
MRX	MAREX GROUP PLC	500,000	$19.18M	9.3%	$35.48	-4.3%	ORD	G5S37H101
XP	XP INC	1,000,000	$16.37M	7.9%	$15.41	+14.2%	CL A	G98239109
MPC	MARATHON PETE CORP	85,000	$13.82M	6.7%	$176.57	+5.6%	COM	56585A102
JBS	JBS N.V.	750,000	$10.81M	5.2%	$13.74	0.0%	CL A SHS	N4732M103
VLO	VALERO ENERGY CORP	65,000	$10.58M	5.1%	$147.81	+14.2%	COM	91913Y100
RTAC	RENATUS TACTICAL ACQUIS	985,000	$10.51M	5.1%	$11.23	-2.8%	SHS CL A	G7490F101
LRN	STRIDE INC	130,000	$8.441M	4.1%	$90.80	0.0%	COM	86333M108
SNWV	SANUWAVE HEALTH INC	265,000	$7.908M	3.8%	$32.40	-1.0%	COM	80303D305
PBF	PBF ENERGY INC	250,000	$6.78M	3.3%	$26.14	+22.5%	CL A	69318G106
NWAX/U	NEW AMER ACQUISITION I CORP	360,000	$3.748M	1.8%	$10.41	—	UNIT 99/99/9999	023634207
DOLE	DOLE PLC	173,500	$2.601M	1.3%	$14.03	-0.7%	ORD SHS	G27907107
TVA	TEXAS VENTURES ACQUISITION I	195,000	$2.077M	1.0%	$10.86	0.0%	USD CL A ORD SHS	G8772L105
HSAI	HESAI GROUP	11,490	$257K	0.1%	$22.40	—	SPONSORED ADS	428050108
VAL/WS	VALARIS LTD	135,000	$238K	0.1%	$11.97	—	*W EXP 04/29/202	G9460G119