Sign in

You're signed outSign in or to get full access.

Praetorian PR LLC

CIK:0001949877
Hedge Fund
$348M AUM
10 holdings
Rincon, PR, United States
Founded:2022
8 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

Praetorian PR LLC filed their most recent 13F report on Jun 30, 2025 disclosing 6 equity positions with a total 13F market value of $108M. The fund increased holdings in Sprott Inc., XP Inc., Lee Enterprises Inc. among other positions. Praetorian PR LLC reduced exposure to Valaris LTD, Tidewater Inc. New, Draftkings Inc. New among others.

Top Buys
V
VALVALARIS LTD
-$52.6M
S
SIISPROTT INC
+$13.3M
J
JOEST JOE CO
-$7.7M
X
XPXP INC
+$3.7M
A
AMRKA-MARK PRECIOUS METALS INC
-$1.8M
Top Sells
V
VALVALARIS LTD
-$52.6M
T
TDWTIDEWATER INC NEW
-$19.2M
D
DKNGDRAFTKINGS INC NEW
-$16.4M
N
NENOBLE CORP PLC
-$11.8M
J
JOEST JOE CO
-$7.7M

Top Holdings

S
SIISPROTT INC
+35.1%$38.0M
J
JOEST JOE CO
+29.1%$31.5M
X
XPXP INC
+18.7%$20.2M
A
AMRKA-MARK PRECIOUS METALS INC
+11.3%$12.2M
V
VALVALARIS LTD
+1.3%$1.4M

Equity Positions (6)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
SPROTT INC35.15%$38.0M550,000$40.97$69.09+$13.3M
ST JOE CO29.12%$31.5M660,000$41.82$47.70-$7.7M
XP INC18.68%$20.2M1,000,000$12.17$20.20+$3.7M
A-MARK PRECIOUS METALS INC11.28%$12.2M550,000$31.65$22.18-$1.8M
VALARIS LTD1.27%$1.4M32,500$59.43$42.11-$52.6M

Industry Allocation

FINANCE SERVICES
+27.5%
LAND SUBDIVIDERS & DEVELOPERS (NO CEMETERIES)
+19.6%
PETROLEUM REFINING
+19.3%
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
+11.3%
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
+8.1%