In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Praetorian PR LLC reported 15 stock positions worth $262.2 million . Its top holding was Valaris (VAL) at 22.7% of the portfolio, followed by St Joe (JOE, 17.3% ) and Gold.com (GOLD, 16.7% ). Compared with Q1 2024, it opened 8 new positions, sold out of 12, added to 1 and reduced 3. The biggest buy was a new position in Sprott (SII) and the biggest sale an exit from Vaneck Junior Gold Miners (GDXJ).
Location RINCON, PR
CIK 0001949877
Portfolio Value $262.2M (Q2 2024) Holdings 15 stocks · $262.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 VAL Valaris Ltd. 800,000 $59.6M No change JOE The St Joe Co. 830,000 $45.4M No change GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 1,350,000 $43.7M Add +9.9% TDW Tidewater Inc. 350,000 $33.3M Reduce -18.6% SII Sprott Inc. 569,500 $23.6M New RELY Remitly Global Inc. 1,150,000 $13.9M New KWEB Kranesh Csi China Internet 425,000 $11.5M New TITN Titan Machinery Inc. 640,000 $10.2M New HDSN Hudson Technologies Inc. 700,000 $6.2M New INMB Inmune Bio Inc. 485,000 $4.3M New LEE Lee Enterprises 353,721 $3.9M No change GENK Gen Restaurant Group Inc. 248,670 $2.3M Reduce -34.6% NMR Nomura Holdings Inc.-Spon ADR 375,000 $2.1M New CSV Carriage Services Inc. 69,422 $1.9M New USAP Universal Stainless & Alloy 15,500 $424K Reduce -94.8%
Options reported separately and not counted above: KRANESHARES TRUST calls ($325K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $9.8M (not counted above) Security Class Shares / Principal Value Change VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 750,000 $9.8M Add +1.4%
Total filed on the 13F, all lines: $272.1M.
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ GDXJ Vaneck Junior Gold Miners Sold out 0.00% −10.23 GDX Vaneck Gold Miners ETF Sold out 0.00% −8.35 ATRO Astronics Corp. Sold out 0.00% −3.33 SSRM SSR Mining Inc. Sold out 0.00% −2.94 FNV Franco-Nevada Corp. Sold out 0.00% −2.56 USAP Universal Stainless & Alloy Reduce -94.8% 0.16% −2.06 UEC Uranium Energy Corp. Sold out 0.00% −1.95 TGI Triumph Group Inc. Sold out 0.00% −1.86 SILJ Amplify Junior Silver Miners Sold out 0.00% −0.82 RGLD Royal Gold Inc. Sold out 0.00% −0.80 GENK Gen Restaurant Group Inc. Reduce -34.6% 0.86% −0.61 TDW Tidewater Inc. Reduce -18.6% 12.71% −0.35 ZIM Zim Integrated Shipping Serv Sold out 0.00% −0.27 PAAS Pan American Silver Corp. Sold out 0.00% −0.25 LSF Laird Superfood Inc. Sold out 0.00% −0.17
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ SII Sprott Inc. New 8.99% +8.99 RELY Remitly Global Inc. New 5.31% +5.31 KWEB Kranesh Csi China Internet New 4.38% +4.38 GOLD Gold.com Inc. Add +9.9% 16.66% +4.23 TITN Titan Machinery Inc. New 3.88% +3.88 HDSN Hudson Technologies Inc. New 2.35% +2.35 INMB Inmune Bio Inc. New 1.63% +1.63 NMR Nomura Holdings Inc.-Spon ADR New 0.82% +0.82 CSV Carriage Services Inc. New 0.71% +0.71
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ VANECK ETF TRUST call Sold out 5,250 $3.6Mbefore exit ISHARES SILVER TR call Sold out 15,000 $743Kbefore exit KRANESHARES TRUST call New 3,400 $325K HANESBRANDS INC call Sold out 525 $9Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 Add +1.4% 750,000 $9.8M
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 14 $313.8M SII, UTI, JOE, MPC, MRX Q1 2026 12 $274.9M SII, JOE, UTI, MPC, MRX Q4 2025 15 $206.1M SII, JOE, MRX, XP, MPC Q3 2025 11 $163.6M SII, JOE, XP, MPC, MRX Q2 2025 8 $105.4M SII, JOE, XP, GOLD, VAL Q1 2025 17 $215.5M VAL, JOE, SII, TDW, XP Q4 2024 17 $239.5M VAL, JOE, GOLD, TDW, SII Q3 2024 12 $248.2M GOLD, VAL, JOE, SII, TDW Q2 2024 15 $262.2M VAL, JOE, GOLD, TDW, SII Q1 2024 19 $303.1M VAL, JOE, TDW, GOLD, GDXJ