Harris Kupperman

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.

Ticker Put/Call Company Name Industry Value Shares Weighting % Share Change Change in Share % Market Cap
SII - SPROTT INC Financials 53.86M 550,000 26.10% 0 - 3,189M
JOE - ST JOE CO Real Estate 39.18M 660,000 18.99% 0 - 4,083M
MRX - MAREX GROUP PLC Financials 19.18M 500,000 9.29% 100,000 25.00% 3,098M
XP - XP INC Financials 16.37M 1,000,000 7.93% 0 - 10,366M
MPC - MARATHON PETE CORP Energy 13.82M 85,000 6.70% 15,000 21.43% 59,960M
JBS - JBS N.V. Consumer Staples 10.82M 750,000 5.24% 750,000 New Buy 17,756M
VLO - VALERO ENERGY CORP Energy 10.58M 65,000 5.13% 0 - 61,730M
RTAC - RENATUS TACTICAL ACQUIS Financials 10.51M 985,000 5.09% 65,000 7.07% 401M
LRN - STRIDE INC Health Care 8.44M 130,000 4.09% 130,000 New Buy 3,687M
SNWV - SANUWAVE HEALTH INC Health Care 7.91M 265,000 3.83% 247,750 1,436.23% 207M
PBF - PBF ENERGY INC Energy 6.78M 250,000 3.29% 0 - 3,884M
NWAX.U - NEW AMER ACQUISITION I CORP - 3.75M 360,000 1.82% 360,000 New Buy -
DOLE - DOLE PLC Consumer Staples 2.60M 173,500 1.26% -326,500 -65.30% 1,520M
TVA - TEXAS VENTURES ACQUISITION I Financials 2.08M 195,000 1.01% 195,000 New Buy 321M
HSAI - HESAI GROUP Consumer Discretionary 0.26M 11,490 0.12% 11,490 New Buy 4,399M
VAL.WS - VALARIS LTD - 0.24M 135,000 0.12% -342,598 -71.73% -