Precept Management’s iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 VXX Stock Holding History

Precept Management’s Portfolio VXX Stock Details VXX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-25,000	Closed	-$1.28M	–	84
2017 Q2	$1.28M	Buy	25,000 +18,750	+300%	+$1.08M	0.78%	38
2017 Q1	$395K	Sell	6,250 -6,250	-50%	-$463K	0.39%	41
2016 Q4	$1.28M	Buy	+12,500	New	+$1.5M	0.95%	39

Other funds holding VXX

Barclays London, United Kingdom $416B AUM 33.63% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Marshall Wace London, United Kingdom $100B AUM 35.1% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

Walleye Trading New York $60B AUM 42.19% 1-Year Est. Return

Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return

RCIM

Russell Clark Investment Management London, United Kingdom $100M AUM 55.58% 1-Year Est. Return

Wolverine Trading Chicago, Illinois $139B AUM 31.83% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $38.6B AUM 45.89% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Precept Management's VXX Position: Q3 2017 in Review

Precept Management sold out of iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 (VXX) in Q3 2017, closing a stake of 25,000 shares — an estimated $1.28M sold.

Precept Management first reported a position in VXX in Q4 2016 and held it in 3 quarters. The position peaked at $1.28M in Q2 2017. 121 funds tracked by Wall St. Rank hold VXX as of Q3 2017.

Precept Management reported no remaining iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position as of Q3 2017 after selling out during the quarter.
Precept Management sold 25,000 iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 shares in Q3 2017, an estimated $1.28M.
Precept Management first reported a position in iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 in Q4 2016 and held it in 3 quarters.
Precept Management's iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 position peaked at $1.28M in Q2 2017.
121 funds tracked by Wall St. Rank held iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019 as of Q3 2017.

Based on Precept Management's 13F filing for Q3 2017, filed 14 Nov 2017.