Praetorian Capital’s Q4 2022 Investor Letter

Praetorian Capital, an investment management company, released its fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund was up by 15.26% net of fees and its year-to-date returns were up by 11.95%. Many of the core portfolio positions of the fund appreciated moderately in the fourth quarter while Event-Driven book also delivered a positive return. For more information on the fund’s top picks in 2022, please check its top five holdings.