Praetorian PR LLC Hedge Fund

Location: RINCON, PR

CIK: 0001949877 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $275M (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (5)

UTI UNIVERSAL TECHNICAL INST INC 13.1%

Value $36.1M Shares 1,000,000 Est. Cost — Unrealized —

FUTU FUTU HLDGS LTD 2.2%

Value $6.154M Shares 45,000 Est. Cost — Unrealized —

LINC LINCOLN EDL SVCS CORP 2.1%

Value $5.736M Shares 141,000 Est. Cost — Unrealized —

RKT ROCKET COS INC 1.0%

Value $2.85M Shares 200,000 Est. Cost — Unrealized —

— VERIZON COMMUNICATIONS INC 0.0%

Value $100K Shares 500 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UTI	UNIVERSAL TECHNICAL INST INC	1,000,000	$36.1M	13.1%	—	—	COM	913915104
FUTU	FUTU HLDGS LTD	45,000	$6.154M	2.2%	—	—	SPON ADS CL A	36118L106
LINC	LINCOLN EDL SVCS CORP	141,000	$5.736M	2.1%	—	—	COM	533535100
RKT	ROCKET COS INC	200,000	$2.85M	1.0%	—	—	COM CL A	77311W101
—	VERIZON COMMUNICATIONS INC	500	$100K	0.0%	—	—	CALL	92343V904

Increased Positions (4)

MPC MARATHON PETE CORP 8.4%

Value $23.2M (+67.8%) Shares 95,000 (+11.8%) Est. Cost — Unrealized —

LRN STRIDE INC 6.4%

Value $17.63M (+108.9%) Shares 200,000 (+53.8%) Est. Cost — Unrealized —

JOE ST JOE CO 15.4%

Value $42.39M (+8.2%) Shares 675,000 (+2.3%) Est. Cost — Unrealized —

SNWV SANUWAVE HEALTH INC 2.2%

Value $6.051M (-23.5%) Shares 350,000 (+32.1%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MPC	MARATHON PETE CORP	95,000 (+11.8%)	$23.2M (+67.8%)	8.4%	—	—	COM	56585A102
LRN	STRIDE INC	200,000 (+53.8%)	$17.63M (+108.9%)	6.4%	—	—	COM	86333M108
JOE	ST JOE CO	675,000 (+2.3%)	$42.39M (+8.2%)	15.4%	—	—	COM	790148100
SNWV	SANUWAVE HEALTH INC	350,000 (+32.1%)	$6.051M (-23.5%)	2.2%	—	—	COM	80303D305

Exited Positions (8)

JBS JBS N.V. 3.9%

Value $10.81M Shares 750,000 Est. Cost — Unrealized —

RTAC RENATUS TACTICAL ACQUIS 3.8%

Value $10.51M Shares 985,000 Est. Cost — Unrealized —

PBF PBF ENERGY INC 2.5%

Value $6.78M Shares 250,000 Est. Cost — Unrealized —

NWAX/U NEW AMER ACQUISITION I CORP 1.4%

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

DOLE DOLE PLC 0.9%

Value $2.601M Shares 173,500 Est. Cost — Unrealized —

TVA TEXAS VENTURES ACQUISITION I 0.8%

Value $2.077M Shares 195,000 Est. Cost — Unrealized —

HSAI HESAI GROUP 0.1%

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

VAL/WS VALARIS LTD 0.1%

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

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
JBS	JBS N.V.	750,000	$10.81M	3.9%	—	—	—	N4732M103
RTAC	RENATUS TACTICAL ACQUIS	985,000	$10.51M	3.8%	—	—	—	G7490F101
PBF	PBF ENERGY INC	250,000	$6.78M	2.5%	—	—	—	69318G106
NWAX/U	NEW AMER ACQUISITION I CORP	360,000	$3.748M	1.4%	—	—	—	023634207
DOLE	DOLE PLC	173,500	$2.601M	0.9%	—	—	—	G27907107
TVA	TEXAS VENTURES ACQUISITION I	195,000	$2.077M	0.8%	—	—	—	G8772L105
HSAI	HESAI GROUP	11,490	$257K	0.1%	—	—	—	428050108
VAL/WS	VALARIS LTD	135,000	$238K	0.1%	—	—	—	G9460G119

Decreased Positions (1)

VLO VALERO ENERGY CORP 5.4%

Value $14.82M (+40.1%) Shares 60,000 (-7.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VLO	VALERO ENERGY CORP	60,000 (-7.7%)	$14.82M (+40.1%)	5.4%	—	—	COM	91913Y100

Unchanged Positions (3)

SII SPROTT INC 28.6%

Value $78.59M Shares 550,000 Est. Cost — Unrealized —

MRX MAREX GROUP PLC 8.1%

Value $22.29M Shares 500,000 Est. Cost — Unrealized —

Value $19.04M Shares 1,000,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SII	SPROTT INC	550,000	$78.59M	28.6%	—	—	COM NEW	852066208
MRX	MAREX GROUP PLC	500,000	$22.29M	8.1%	—	—	ORD	G5S37H101
XP	XP INC	1,000,000	$19.04M	6.9%	—	—	CL A	G98239109