Right here’s Why Praetorian Capital Favors St. Joe (JOE)

Praetorian Capital, an funding administration firm, launched its fourth-quarter 2025 investor letter. A replica of the letter might be downloaded right here. The Fund appreciated by 0.21% internet of charges within the fourth quarter, bringing its 2025 returns to 12.39% internet of charges. The Fund has compounded capital at an annualized internet fee of 37.12% since its inception on January 01, 2019. As a result of Fund’s concentrated portfolio building and give attention to uneven alternatives, it is going to be unstable from quarter to quarter. In This autumn, its core portfolio generated modest returns; nevertheless, the Occasion-Pushed e-book detracted from efficiency. Whereas the core portfolio positions appreciated in 2025, the Occasion-Pushed e-book posted modestly optimistic returns. The agency primarily invests in actual property outdoors tech investments and believes that policymakers ignore actual financial development. Within the altering panorama, the portfolio selected to capitalize on segments like brokers, exchanges, and different market intermediaries. Please assessment the Technique’s prime 5 holdings to achieve insights into their key alternatives for 2025.

In its fourth-quarter 2025 investor letter, Praetorian Capital highlighted shares like The St. Joe Firm (NYSE:JOE). The St. Joe Firm (NYSE:JOE) is an actual property growth, asset administration, and working firm. On February 13, 2026, The St. Joe Firm (NYSE:JOE) inventory closed at $70.18 per share. One-month return of The St. Joe Firm (NYSE:JOE) was 7.33%, and its shares are up 46.79% over the previous twelve months. The St. Joe Firm (NYSE:JOE) has a market capitalization of $4.06 billion.

Praetorian Capital said the next relating to The St. Joe Firm (NYSE:JOE) in its fourth quarter 2025 investor letter:

“The St. Joe Firm (NYSE:JOE) owns roughly 167,000 acres within the Florida Panhandle. It has been broadly recognized that JOE traded for a tiny fraction of its liquidation worth for years, however with no catalyst, it was all the time perceived to be “useless cash.”

The St. Joe Firm (NYSE:JOE) shouldn’t be on our listing of 30 Most Well-liked Shares Amongst Hedge Funds. In keeping with our database, 28 hedge fund portfolios held The St. Joe Firm (NYSE:JOE) on the finish of the third quarter, up from 26 within the earlier quarter. Whereas we acknowledge the potential of The St. Joe Firm (NYSE:JOE) as an funding, we consider sure AI shares supply higher upside potential and carry much less draw back threat. In the event you’re in search of a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring development, see our free report on the greatest short-term AI inventory.

In one other article, we coated The St. Joe Firm (NYSE:JOE) and shared a bullish thesis on the corporate. In its Q3 2025, investor letter, Praetorian Capital shared a optimistic outlook on The St. Joe Firm (NYSE:JOE). As well as, please take a look at our hedge fund investor letters This autumn 2025 web page for extra investor letters from hedge funds and different main traders.

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Disclosure: None. This text is initially revealed at Insider Monkey.