In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Praetorian PR LLC reported 12 stock positions worth $248.2 million . Its top holding was Gold.com (GOLD) at 24.0% of the portfolio, followed by Valaris (VAL, 21.3% ) and St Joe (JOE, 19.5% ). Compared with Q2 2024, it sold out of 3, added to 5 and reduced 4. The biggest buy was Sprott (SII, shares +1% ) and the biggest sale an exit from Kranesh Csi China Internet (KWEB).
Location RINCON, PR
CIK 0001949877
Portfolio Value $248.2M (Q3 2024) Holdings 12 stocks · $248.2M 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 Q2 2024 GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC 1,350,000 $59.6M No change VAL Valaris Ltd. 950,000 $53.0M Add +18.8% JOE The St Joe Co. 830,000 $48.4M No change SII Sprott Inc. 575,000 $24.9M Add +1.0% TDW Tidewater Inc. 320,000 $23.0M Reduce -8.6% RELY Remitly Global Inc. 1,100,000 $14.7M Reduce -4.3% TITN Titan Machinery Inc. 605,000 $8.4M Reduce -5.5% INMB Inmune Bio Inc. 780,800 $4.2M Add +61.0% HDSN Hudson Technologies Inc. 401,057 $3.3M Reduce -42.7% LEE Lee Enterprises 353,721 $3.1M No change NMR Nomura Holdings Inc.-Spon ADR 575,000 $3.0M Add +53.3% CSV Carriage Services Inc. 80,000 $2.6M Add +15.2%
Options reported separately and not counted above: KRANESHARES TRUST calls ($2.0M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $6.8M (not counted above) Security Class Shares / Principal Value Change VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 812,596 $6.8M Add +8.3%
Total filed on the 13F, all lines: $255.1M.
Portfolio Sells Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▲ KWEB Kranesh Csi China Internet Sold out 0.00% −4.38 TDW Tidewater Inc. Reduce -8.6% 9.25% −3.45 HDSN Hudson Technologies Inc. Reduce -42.7% 1.35% −1.00 GENK Gen Restaurant Group Inc. Sold out 0.00% −0.86 TITN Titan Machinery Inc. Reduce -5.5% 3.39% −0.49 USAP Universal Stainless & Alloy Sold out 0.00% −0.16 RELY Remitly Global Inc. Reduce -4.3% 5.93% +0.62
Portfolio Buys Q2 2024 → Q3 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 Q2 2024 % Of Portfolio Change To Portfolio ▼ SII Sprott Inc. Add +1.0% 10.03% +1.04 NMR Nomura Holdings Inc.-Spon ADR Add +53.3% 1.20% +0.38 CSV Carriage Services Inc. Add +15.2% 1.06% +0.35 INMB Inmune Bio Inc. Add +61.0% 1.70% +0.06 VAL Valaris Ltd. Add +18.8% 21.33% −1.39
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ KRANESHARES TRUST call Add +25.0% 4,250 $2.0M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024 Security Class Change vs Q2 2024 Shares / Principal Value ▼ VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 Add +8.3% 812,596 $6.8M
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