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Precept Management Portfolio holdings

AUM $126M
1-Year Est. Return 36.77%
This Fund
S&P 500
This Quarter Est. Return
+18.03%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$101M
AUM Growth
-$33.8M
Cap. Flow
-$44.7M
Cap. Flow %
-44.28%
Top 10 Hldgs %
56.36%
Holding
63
New
14
Increased
8
Reduced
14
Closed
18

Top Buys

Rank Stock Value
1
GLUU
Glu Mobile Inc.
GLUU
+$4.38M
2
NOW icon
ServiceNow
NOW
+$2.29M
3
EEFT icon
Euronet Worldwide
EEFT
+$2.12M
4
TRUE
TrueCar
TRUE
+$2.08M
5
LOPE icon
Grand Canyon Education
LOPE
+$2.05M

Top Sells

Rank Stock Value
1
MTDR icon
Matador Resources
MTDR
+$5.15M
2
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
+$4.76M
3
LSAK icon
Lesaka Technologies
LSAK
+$3.63M
4
LGIH icon
LGI Homes
LGIH
+$3.44M
5
PR
Permian Resources
PR
+$3.32M

Sector Composition

Rank Sector Weight
1 Technology 54.38%
2 Industrials 7.94%
3 Healthcare 7.46%
4 Communication Services 4.77%
5 Consumer Discretionary 3.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
26
PUT
Invesco QQQ Trust
QQQ
$466B
$1.32M 1.31%
10,000
-30,000
-75% -$3.83M
ORM
27
DELISTED
Owens Realty Mortgage, Inc.
ORM
$1.21M 1.2%
68,000
– –
MSFT icon
28
Microsoft
MSFT
$2.93T
$1.17M 1.16%
17,800
-3,600
-17% -$231K
NXRT
29
NexPoint Residential Trust
NXRT
$678M
$1.14M 1.13%
+47,000
New +$1.1M
SNC
30
DELISTED
State National Companies, Inc.
SNC
$1.08M 1.07%
+75,000
New +$1.04M
XYZ
31
Block Inc
XYZ
$47.6B
$864K 0.86%
50,000
– –
PDFS icon
32
PDF Solutions
PDFS
$2.14B
$837K 0.83%
37,000
-23,000
-38% -$512K
PRMW
33
DELISTED
Primo Water Corporation
PRMW
$828K 0.82%
61,000
+33,734
+124% +$464K
AKTS
34
DELISTED
Akoustis Technologies Inc
AKTS
$770K 0.76%
+60,000
New +$597K
LGIH icon
35
LGI Homes
LGIH
$1.36B
$576K 0.57%
17,000
-113,000
-87% -$3.44M
ALGN icon
36
Align Technology
ALGN
$12.7B
$574K 0.57%
+5,000
New +$505K
MGI
37
DELISTED
MoneyGram International, Inc. New
MGI
$555K 0.55%
+33,000
New +$444K
BFYT
38
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$528K 0.52%
+33,000
New +$588K
USAC icon
39
USA Compression Partners
USAC
$3.78B
$507K 0.5%
30,000
– –
SHSP
40
DELISTED
SharpSpring, Inc.
SHSP
$461K 0.46%
100,000
-92,000
-48% -$469K
VXX
41
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
$395K 0.39%
6,250
-6,250
-50% -$463K
GIMO
42
DELISTED
Gigamon Inc.
GIMO
$356K 0.35%
10,000
-70,000
-88% -$2.5M
EVOK
43
DELISTED
Evoke Pharma
EVOK
$295K 0.29%
+660
New +$270K
OOMA icon
44
Ooma
OOMA
$568M
$249K 0.25%
+25,000
New +$241K
SVVC
45
DELISTED
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
$199K 0.2%
25,000
– –
AAOI icon
46
Applied Optoelectronics
AAOI
$8.22B
– –
-44,000
Closed -$1.03M
ATEN icon
47
A10 Networks
ATEN
$2.59B
– –
-250,000
Closed -$2.08M
CCI icon
48
Crown Castle
CCI
$34.6B
– –
-14,300
Closed -$1.24M
HCKT icon
49
CALL
Hackett Group
HCKT
$260M
– –
-75,000
Closed -$1.32M
HCKT icon
50
Hackett Group
HCKT
$260M
– –
-100,000
Closed -$1.77M
1
2
3

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Precept Management's Q1 2017 Portfolio in Review

As of Q1 2017, Precept Management held 63 positions worth $101M, down 25% from $135M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Precept Management withdrew a net $44.7M in Q1 2017, closing 18 positions and reducing 14 holdings. Its most notable exit was Matador Resources, an estimated $5.15M position sold in full.

By sector, the portfolio is most concentrated in Technology at 54% of assets, up from 42% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Precept Management opened a new position in ServiceNow worth $2.3M.

  • Precept Management's largest Q1 2017 buy was ServiceNow: 131,500 shares worth $2.3M.
  • Precept Management added most to Glu Mobile Inc. in Q1 2017, an estimated $4.38M increase.
  • Precept Management's biggest Q1 2017 reduction was LGI Homes, cutting an estimated $3.44M.
  • Precept Management fully exited Matador Resources in Q1 2017, selling an estimated $5.15M.
  • Precept Management's ten largest holdings make up 56% of its $101M portfolio in Q1 2017.
  • Precept Management opened 14 new positions and closed 18 in Q1 2017.
  • Precept Management's portfolio value fell 25% quarter-over-quarter to $101M.

Based on Precept Management's 13F filing for Q1 2017, filed 15 May 2017.