Here’s Why Praetorian Capital is Holding St. Joe (JOE)
Praetorian Capital, an investment management company, released its first-quarter 2024 investor letter. The fund was up by 9.25% net of fees in the first quarter.
Praetorian Capital, managed by Harris Kupperman, focuses on achieving non-correlated, asymmetric returns. The fund's strategy is actively managed, aiming for absolute returns by concentrating on investments with inflecting secular or cyclical tailwinds. Additionally, it includes allocations to Event-Driven special situations.
Harris "Kuppy" Kupperman founded Praetorian Capital Management LLC, an investment manager specializing in leveraging inflecting trends for stock selection and Event-Driven strategies. Mr. Kupperman also authors Praetorian Capital’s public blog, Kuppy’s Korner, where he shares insights into his investment approach and comments on trends within the hedge fund industry.
Praetorian Capital is a hedge fund managing assets totaling $347,589,981 for 2 clients as of their latest Form ADV dated March 2024. Their Q1 2024 13F filing disclosed holdings amounting to $317,272,679 in managed 13F securities, with a notable concentration of 87.77% in their top 10 holdings. Valaris Ltd stands as Praetorian Capital's largest holding, with 800,000 shares held.
