Praetorian Capital Management LLC
CIK
1337851
Location
CORAL GABLES, FL
Portfolio Value
Small
$118,388,114
Diversification
Moderately concentrated
Filing Date
Dec 31, 2022
Global Rank
#4,007
/ 6,949
· as of Dec 2022
Top Industry
Real Estate - Diversified
41.6%
3Y Alpha vs SPY
-12.3%
Period ended 3 years ago
Filed Feb 14, 2023 · 3y
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+26.1%
SPY
+76.5%
Annualised alpha
-12.8%
Max drawdown
−40.0%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
8 positions · as of Dec 31, 2022Top Position
29.4%
of portfolio value
Top 5
94.4%
of portfolio value
Top 10
100.0%
of portfolio value
HHI
2,272
Moderately concentrated
Sector Breakdown
As of Dec 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 30.2% | $35,713,927 |
| Real Estate | 29.4% | $34,848,927 |
| Unclassified | 29.2% | $34,573,996 |
| Communication Services | 10.8% | $12,814,932 |
| Healthcare | 0.4% | $436,332 |
8 positions ·
$118,388,114 total
· as of Dec 31, 2022
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| JOE |
ST JOE Co
Real Estate
|
First | 901,654 | $34,848,927 | 29.44% | |
| BNO |
United States Brent Oil Fund, LP
|
First | 1,222,560 | $34,573,996 | 29.20% | |
| VAL |
Valaris Ltd
Energy
|
First | 353,770 | $23,921,927 | 20.21% | |
| TDW |
Tidewater Inc
Energy
|
First | 320,000 | $11,792,000 | 9.96% | |
| LEE |
LEE ENTERPRISES, Inc
Communication Services
|
First | 353,721 | $6,565,061 | 5.55% | |
| SURG |
SurgePays, Inc.
Communication Services
|
First | 590,000 | $3,870,400 | 3.27% | |
| TSQ |
Townsquare Media, Inc.
Communication Services
|
First | 328,203 | $2,379,471 | 2.01% | |
| ANEB |
Anebulo Pharmaceuticals, Inc.
Healthcare
|
First | 180,005 | $436,332 | 0.37% |