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Precept Management Portfolio holdings
AUM
$126M
Turnover
47.22%
1-Year Est. Return
36.77%
This Fund
S&P 500
This Quarter Est. Return
-4.05%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$126M
AUM Growth
+$52M
(+70%)
Cap. Flow
-$12.5M
Cap. Flow % of AUM
Cap. Flow %
-9.96%
Top 10 Holdings %
Top 10 Hldgs %
92.43%
Holding
36
New
9
Increased
1
Reduced
1
Closed
8
Avg Time Held
Equity + Options
0.8
years
Top 10 Avg Time Held
Equity + Options
0.7
years
Top 20 Avg Time Held
Equity + Options
0.9
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
1.4
years
Top 20 Avg Time Held Equity only
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applied Digital
APLD
|
+$559K |
| 2 |
Contango Silver & Gold Inc
CTGO
|
+$499K |
| 3 |
BRC Group Holdings
RILY
|
+$246K |
| 4 |
Lilium N.V. Class A Ordinary Shares
LILM
|
+$117K |
| 5 |
Synchronoss Technologies
SNCR
|
+$34.6K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$10.1M |
| 2 |
FRG
Franchise Group, Inc.
FRG
|
+$2.46M |
| 3 |
indie Semiconductor
INDI
|
+$470K |
| 4 |
Biomea Fusion
BMEA
|
+$439K |
| 5 |
Beam Global
BEEM
|
+$414K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 87.09% |
| 2 | Technology | 7.8% |
| 3 | Consumer Discretionary | 3.24% |
| 4 | Materials | 0.95% |
| 5 | Energy | 0.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $34.2M | 27.21% |
+80,000
| New | +$35.6M |
2023 Q3
0 quarters
|
|
2
PUT
Invesco QQQ Trust
QQQ
$487B
| $25.1M | 19.95% |
+70,000
| New | +$26M |
2023 Q3
0 quarters
|
|
3
PUT
Advanced Micro Devices
AMD
$894B
| $15.4M | 12.27% |
150,000
| – | – |
2023 Q2
1 quarter
|
|
|
4
Invesco QQQ Trust
QQQ
$487B
| $10.4M | 8.27% |
29,000
| – | – |
2023 Q1
2 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| $8.55M | 6.8% |
20,000
| – | – |
2023 Q1
2 quarters
|
|
6
iShares Russell 2000 ETF
IWM
$77.9B
| $7.97M | 6.34% |
45,100
| – | – |
2023 Q1
2 quarters
|
|
7
PUT
KraneShares CSI China Internet ETF
KWEB
$4.51B
| $5.47M | 4.35% |
+200,000
| New | +$5.69M |
2023 Q3
0 quarters
|
|
8
Amazon
AMZN
$2.84T
| $4.07M | 3.24% |
32,000
| – | – |
2016 Q4
27 quarters
|
|
|
9
Microsoft
MSFT
$3.96T
| $2.97M | 2.36% |
9,400
-30,600
| -77% | -$10.1M |
2016 Q4
27 quarters
|
|
|
10
Advanced Micro Devices
AMD
$894B
| $2.06M | 1.64% |
20,000
| – | – |
2019 Q4
15 quarters
|
|
11
NVIDIA
NVDA
$5.27T
| $1.3M | 1.04% |
30,000
| – | – |
2023 Q2
1 quarter
|
|
12
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$736M
| $1.19M | 0.95% |
+150,000
| New | +$946K |
2023 Q3
0 quarters
|
|
|
13
PUT
AdvisorShares Pure US Cannabis ETF
MSOS
$736M
| $1.19M | 0.95% |
+150,000
| New | +$946K |
2023 Q3
0 quarters
|
|
14
LiveRamp
RAMP
$2.28B
| $721K | 0.57% |
25,000
| – | – |
2023 Q2
1 quarter
|
|
15
DELISTED
PROS Holdings
PRO
| $692K | 0.55% |
20,000
| – | – |
2023 Q2
1 quarter
|
|
|
16
DELISTED
Synchronoss Technologies
SNCR
| $644K | 0.51% |
+3,889
| New | +$34.6K |
2023 Q3
0 quarters
|
|
|
17
Applied Digital
APLD
$5.97B
| $624K | 0.5% |
100,000
+80,000
| +400% | +$559K |
2023 Q2
1 quarter
|
|
18
ACM Research
ACMR
$3.97B
| $543K | 0.43% |
30,000
| – | – |
2023 Q1
2 quarters
|
|
|
19
Contango Silver & Gold Inc
CTGO
$512M
| $454K | 0.36% |
+25,000
| New | +$499K |
2023 Q3
0 quarters
|
|
20
Navigator Holdings
NVGS
$1.27B
| $443K | 0.35% |
30,000
| – | – |
2023 Q1
2 quarters
|
|
21
Vox Royalty Corp
VOXR
$352M
| $414K | 0.33% |
205,000
| – | – |
2023 Q2
1 quarter
|
|
22
Sigma Lithium
SGML
$966M
| $324K | 0.26% |
10,000
| – | – |
2023 Q2
1 quarter
|
|
23
Biote Corp
BTMD
$30.4M
| $256K | 0.2% |
50,000
| – | – |
2023 Q1
2 quarters
|
|
24
Grid Dynamics Holdings
GDYN
$643M
| $246K | 0.2% |
20,200
| – | – |
2023 Q1
2 quarters
|
|
|
25
BRC Group Holdings
RILY
$189M
| $205K | 0.16% |
+5,000
| New | +$246K |
2023 Q3
0 quarters
|
|
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Precept Management's Q3 2023 Portfolio in Review
As of Q3 2023, Precept Management held 36 positions worth $126M, up 70% from $73.7M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Precept Management withdrew a net $12.5M in Q3 2023, closing 8 positions and reducing 1 holding. Its most notable exit was Franchise Group, Inc., an estimated $2.46M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, up from 74% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Precept Management opened a new position in Contango Silver & Gold Inc worth $454K.
- Precept Management's largest Q3 2023 buy was Contango Silver & Gold Inc: 25,000 shares worth $454K.
- Precept Management added most to Applied Digital in Q3 2023, an estimated $559K increase.
- Precept Management's biggest Q3 2023 reduction was Microsoft, cutting an estimated $10.1M.
- Precept Management fully exited Franchise Group, Inc. in Q3 2023, selling an estimated $2.46M.
- Precept Management's ten largest holdings make up 92% of its $126M portfolio in Q3 2023.
- Precept Management opened 9 new positions and closed 8 in Q3 2023.
- Precept Management's portfolio value rose 70% quarter-over-quarter to $126M.
Based on Precept Management's 13F filing for Q3 2023, filed 14 Nov 2023.