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Praetorian Capital’s Q1 2026 Investor Letter

Praetorian Capital, an investment management company, released its first-quarter 2026 investor letter. In the first quarter of 2026, the Praetorian Capital Fund LLC (the “Fund”) experienced a net increase of 16.44% after fees. Due to the Fund's concentrated portfolio approach and emphasis on asymmetric opportunities, the firm expects notable volatility from quarter to quarter. The firm was strategically positioned before the war began, resulting in solid gains from core portfolio holdings, while the Event-Driven segment recorded a modest profit. In such an unpredictable landscape, the...