Praetorian Capital Management LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.
Closest benchmark: the Russell 2000 as of 2022-12-31, active share 99.7%; sector active share 72.5% against the combined 13F book's sector weights.
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
10 tracked positions · as of Dec 31, 2022Sector Breakdown
As of Dec 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 29.7% | $35,713,927 |
| Unclassified | 29.6% | $35,550,385 |
| Real Estate | 29.0% | $34,848,927 |
| Communication Services | 10.7% | $12,814,932 |
| Financial Services | 0.7% | $858,204 |
| Healthcare | 0.4% | $436,332 |
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| JOE |
ST JOE Co
Real Estate
|
First | 901,654 | $34,848,927 | 28.99% | |
| BNO |
United States Brent Oil Fund, LP
|
First | 1,222,560 | $34,573,996 | 28.76% | |
| VAL |
Valaris Ltd
Energy
|
First | 353,770 | $23,921,927 | 19.90% | |
| TDW |
Tidewater Inc
Energy
|
First | 320,000 | $11,792,000 | 9.81% | |
| LEE |
LEE ENTERPRISES, Inc
Communication Services
|
First | 353,721 | $6,565,061 | 5.46% | |
| SURG |
SurgePays, Inc.
Communication Services
|
First | 590,000 | $3,870,400 | 3.22% | |
| TSQ |
Townsquare Media, Inc.
Communication Services
|
First | 328,203 | $2,379,471 | 1.98% | |
|
|
First | 136,177 | $976,389 | 0.81% | ||
| MKTW |
Marketwise, Inc.
Financial Services
|
First | 510,836 | $858,204 | 0.71% | |
| ANEB |
Anebulo Pharmaceuticals, Inc.
Healthcare
|
First | 180,005 | $436,332 | 0.36% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.