Praetorian Capital, an investment management company, released its second-quarter 2026 investor letter. A copy of the letter can be downloaded here. A copy of the letter can be downloaded here. In the quarter of 2026, the Praetorian Capital Fund LLC (the "Fund") depreciated by 4.39% net of fees. The firm anticipates significant volatility from quarter to quarter due to the Fund's concentrated portfolio approach and emphasis on asymmetric opportunities. Both the Event-Driven book and the fund's core portfolio declined moderately in the quarter. The letter highlighted the market's complexity and noted a setback in the portfolio this quarter despite strong first-quarter earnings. Conversely, the letter also noted that the AI buildout represented a substantial capital misallocation. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Praetorian Capital highlighted Lincoln Educational Services Corporation (NASDAQ:LINC). Lincoln Educational Services Corporation (NASDAQ:LINC) is a US based career-oriented postsecondary education services provider to high school graduates and working adults. On July 17, 2026, Lincoln Educational Services Corporation (NASDAQ:LINC) closed at $42.95 per share. One-month return of Lincoln Educational Services Corporation (NASDAQ:LINC) was -11.90%, and its shares gained 90.53% over the past 52 weeks. Lincoln Educational Services Corporation (NASDAQ:LINC) has a market capitalization of $1.38 billion.
Praetorian Capital stated the following regarding Lincoln Educational Services Corporation (NASDAQ:LINC) in its Q2 2026 investor update:
"Technical Colleges; Educational Services Corporation (NASDAQ:LINC) and Universal Technical Institute (UTI – USA): These two technical colleges are helping to train the next generation of skilled tradespeople and medical workers. As AI reduces the demand for office workers, many millions of existing workers must be reskilled, while high school graduates will naturally seek out better job opportunities that offer higher wages, with less career risk.
LINC and UTI are the two largest technical colleges in the US. I expect them to continue opening new campuses and growing student counts. Based on management guidance, they're both quite cheap looking out a few years, net of startup costs for new campuses. I think they'll dramatically overshoot guidance in terms of new student starts, utilization and recruitment costs, leading to substantial margin growth on relatively fixed-cost structures."
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
