Vault-13

Praetorian PR LLC

RINCON, PR · CIK 1949877 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2022 · limited liability company

As an employer

$313.8m reported value +14.2% vs Q1 2026
14positions
97.2%in top 10
3 new 7 added 0 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#SecurityTickerShares Value% of portfolioChangeShares change
1 SPROTT INC COM NEW SII SII 550,000 $61.8m19.69% 19.69% UnchangedShares held: Q3 2025 550.0k, Q4 2025 550.0k, Q1 2026 550.0k, Q2 2026 550.0k
2 UNIVERSAL TECHNICAL INST INC COM UTI UTI 1,350,000 $57.7m18.40% 18.40% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 1.0m, Q2 2026 1.4m +350.0k +350,000 35.0%
3 ST JOE CO COM JOE JOE 675,000 $42.3m13.47% 13.47% UnchangedShares held: Q3 2025 660.0k, Q4 2025 660.0k, Q1 2026 675.0k, Q2 2026 675.0k
4 MARATHON PETE CORP COM MPC MPC 135,000 $34.5m11.00% 11.00% AddedShares held: Q3 2025 70.0k, Q4 2025 85.0k, Q1 2026 95.0k, Q2 2026 135.0k +40.0k +40,000 42.1%
5 MAREX GROUP PLC ORD 96665EUR 96665EUR 500,000 $30.5m9.71% 9.71% UnchangedShares held: Q3 2025 400.0k, Q4 2025 500.0k, Q1 2026 500.0k, Q2 2026 500.0k
6 XP INC CL A XP XP 1,525,000 $24.8m7.90% 7.90% AddedShares held: Q3 2025 1.0m, Q4 2025 1.0m, Q1 2026 1.0m, Q2 2026 1.5m +525.0k +525,000 52.5%
7 VALERO ENERGY CORP COM VLO VLO 75,000 $19.5m6.22% 6.22% AddedShares held: Q3 2025 65.0k, Q4 2025 65.0k, Q1 2026 60.0k, Q2 2026 75.0k +15.0k +15,000 25.0%
8 STRIDE INC COM LRN LRN 200,000 $17.2m5.50% 5.50% UnchangedShares held: Q3 2025 0, Q4 2025 130.0k, Q1 2026 200.0k, Q2 2026 200.0k
9 FUTU HLDGS LTD SPON ADS CL A FUTU FUTU 100,000 $9.4m2.99% 2.99% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 45.0k, Q2 2026 100.0k +55.0k +55,000 122.2%
10 LINCOLN EDL SVCS CORP COM LINC LINC 142,500 $7.1m2.27% 2.27% AddedShares held: Q3 2025 0, Q4 2025 0, Q1 2026 141.0k, Q2 2026 142.5k +1.5k +1,500 1.1%
11 SANUWAVE HEALTH INC COM SNWV SNWV 395,000 $4.0m1.26% 1.26% AddedShares held: Q3 2025 17.2k, Q4 2025 265.0k, Q1 2026 350.0k, Q2 2026 395.0k +45.0k +45,000 12.9%
12 EQUINOX GOLD CORP COM EQX EQX 200,000 $1.9m0.62% 0.62% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 200.0k
13 CRESUD S A C I F Y A SPONSORED ADR CRESY CRESY 154,169 $1.7m0.55% 0.55% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 154.2k
14 IRSA INVERSIONES Y REP S A SPON GDS ECH 10 IRS IRS 85,000 $1.3m0.42% 0.42% NewShares held: Q3 2025 0, Q4 2025 0, Q1 2026 0, Q2 2026 85.0k

Sold out since Q1 2026

SecurityTickerShares held beforeValue then
ROCKET COS INC RKT RKT 200,000 $2.9m200.0k shares