Praetorian Capital’s Q3 2022 Investor Letter

Praetorian Capital, an investment management company, released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined by -0.30% net of fees. The fund delivered -2.87% net returns for the first three quarters of 2022. Many of the fund’s portfolio positions declined in the quarter. For more information on the fund’s top picks in 2022, please check its top five holdings.