Praetorian PR LLC
Praetorian PR LLC is an SEC-registered investment adviser and hedge fund manager headquartered in Rincon, Puerto Rico. The firm serves as investment adviser to the Praetorian Capital Fund LLC (Master Fund) and manages assets for a small set of clients, primarily pooled investment vehicles. Praetorian PR LLC is led by Harris 'Kuppy' Kupperman and focuses on generating asymmetric, non-correlated absolute returns. The firm has 8 employees and was founded in 2022.
Investment Strategy
Praetorian PR LLC manages the Praetorian Capital Fund with an actively managed hedge fund approach, targeting absolute returns that are uncorrelated with broader equity or bond markets. The firm seeks non-correlated, asymmetric returns by investing across global securities, using deep fundamental research to identify underappreciated opportunities. Portfolio management includes dynamic position sizing and opportunistic trading to capture mispricings and short- to medium-term dislocations.
Top Holdings
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SII | SPROTT INC | 35.15% | $38.0M | 550,000 | $40.97 | $69.09 | +$13.3M |
J JOE | ST JOE CO | 29.12% | $31.5M | 660,000 | $41.82 | $47.70 | -$7.7M |
X XP | XP INC | 18.68% | $20.2M | 1,000,000 | $12.17 | $20.20 | +$3.7M |
A AMRK | A-MARK PRECIOUS METALS INC | 11.28% | $12.2M | 550,000 | $31.65 | $22.18 | -$1.8M |
V VAL | VALARIS LTD | 1.27% | $1.4M | 32,500 | $59.43 | $42.11 | -$52.6M |