Harris Kupperman
Praetorian Capital
Value
206.4M
Stocks
16 Stocks (5 new)
Turnover
15.33%
CIK
1949877
Top Holdings
SII(26.10%) JOE(18.99%) MRX(9.29%) XP(7.93%) MPC(6.70%)
About Investor
Harris Kupperman is the founder and Chief Investment Officer of Praetorian Capital, a hedge fund focused on identifying asymmetric investment opportunities. He is also the Chairman and CEO of Mongolia Growth Group, a publicly traded real estate and investment company operating in Mongolia. Widely known as “Kuppy” in the investment world, he shares macroeconomic insights and contrarian ideas through his blog Adventures in Capitalism and frequently appears on financial media platforms.
Investor Philosophy
Kupperman's investment philosophy centers on finding deeply mispriced assets with high upside potential and limited downside risk. He takes a contrarian, event-driven approach, often targeting underfollowed sectors and companies poised for transformational change. His portfolio typically reflects concentrated bets in themes others overlook, emphasizing capital preservation and long-term compounding through asymmetric risk-reward opportunities.
Harris Kupperman Top Holdings
| Ticker | Put/Call | Company Name | Industry | Value (M) | Shares | Weight % | Shares Purchased/Sold (M) | Change in Share % | Market Cap (M) |
|---|---|---|---|---|---|---|---|---|---|
| SII | - | SPROTT INC | Financials | 53.9M | 550.0K | 26.1% | 0 | No Change | 3,189.0M |
| JOE | - | ST JOE CO | Real Estate | 39.2M | 660.0K | 19.0% | 0 | No Change | 4,082.8M |
| MRX | - | MAREX GROUP PLC | Financials | 19.2M | 500.0K | 9.3% | 100,000 | 25.0% | 3,098.2M |
| XP | - | XP INC | Financials | 16.4M | 1.0M | 7.9% | 0 | No Change | 10,366.3M |
| MPC | - | MARATHON PETE CORP | Energy | 13.8M | 85.0K | 6.7% | 15,000 | 21.4% | 59,959.7M |
| JBS | - | JBS N.V. | Consumer Staples | 10.8M | 750.0K | 5.2% | 750,000 | New Buy | 17,756.0M |
| VLO | - | VALERO ENERGY CORP | Energy | 10.6M | 65.0K | 5.1% | 0 | No Change | 61,729.6M |
| RTAC | - | RENATUS TACTICAL ACQUIS | Financials | 10.5M | 985.0K | 5.1% | 65,000 | 7.1% | 401.2M |
| LRN | - | STRIDE INC | Health Care | 8.4M | 130.0K | 4.1% | 130,000 | New Buy | 3,687.2M |
| SNWV | - | SANUWAVE HEALTH INC | Health Care | 7.9M | 265.0K | 3.8% | 247,750 | 1,436.2% | 207.0M |
Recent Buys (13F)
| Ticker | Put/Call | Amount Bought | Shares Bought | % Change | Weight % | Status |
|---|---|---|---|---|---|---|
|
JBS
Jbs N.v.
|
- | $10.8M | 750K | - | 5.24% | New |
|
LRN
Stride Inc
|
- | $8.4M | 130K | - | 4.09% | New |
|
NWAX.U
New Amer Acquis...
|
- | $3.7M | 360K | - | 1.82% | New |
|
MRX
Marex Group Plc
|
- | $3.5M | 100K | 25.0% | 9.29% | Increased |
|
MPC
Marathon Pete C...
|
- | $2.2M | 15K | 21.4% | 6.70% | Increased |
Recent Sells (13F)
| Ticker | Put/Call | Amount Sold | Shares Sold | % Change | Weight % | Status |
|---|---|---|---|---|---|---|
| No top buys data available | ||||||
13F Sector Summary
| Industry | Prev Quarter % | Current Quarter % | Change |
|---|---|---|---|
| Financials | 65.9% | 50.4% | -15.5% |
| Energy | 1.3% | 15.4% | +14.1% |
| Real Estate | 29.5% | 19.4% | -10.1% |
| Health Care | 0.0% | 8.1% | +8.1% |
| Consumer Staples | 0.0% | 6.6% | +6.6% |
| Other | 2.6% | 0.0% | -2.6% |
| Communication Services | 0.8% | 0.0% | -0.8% |
