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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
-14.95%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$256M
AUM Growth
-$96M
(-27%)
Cap. Flow
-$78.3M
Cap. Flow
% of AUM
-30.56%
Top 10 Holdings %
Top 10 Hldgs %
78.28%
Holding
82
New
13
Increased
5
Reduced
10
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dropbox
DBX
|
+$5.81M |
| 2 |
QTNA
Quantenna Communications, Inc. Common Stock
QTNA
|
+$2.54M |
| 3 |
USA Compression Partners
USAC
|
+$2.41M |
| 4 |
Zscaler
ZS
|
+$2.27M |
| 5 |
WWE
World Wrestling Entertainment
WWE
|
+$1.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Align Technology
ALGN
|
+$11.9M |
| 2 |
Adobe
ADBE
|
+$10.8M |
| 3 |
Netflix
NFLX
|
+$6.73M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$5.97M |
| 5 |
Amazon
AMZN
|
+$5.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 62.78% |
| 2 | Technology | 20.09% |
| 3 | Energy | 8.34% |
| 4 | Consumer Discretionary | 3.39% |
| 5 | Financials | 2.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vericel Corp
VCEL
$2.06B
| $1.22M | 0.48% |
+70,000
| New | +$1.05M |
|
27
Turning Point Brands
TPB
$1.51B
| $1.2M | 0.47% |
+44,000
| New | +$1.55M |
|
28
Tower Semiconductor
TSEM
$25.1B
| $1.18M | 0.46% |
79,900
-135,600
| -63% | -$2.26M |
|
29
Ulta Beauty
ULTA
$24.1B
| $1.18M | 0.46% |
4,800
-700
| -13% | -$193K |
|
30
Fidelity National Information Services
FIS
$21.6B
| $1.16M | 0.45% |
+11,300
| New | +$1.18M |
|
|
31
PUT
Tower Semiconductor
TSEM
$25.1B
| $1.11M | 0.43% |
+75,000
| New | +$1.25M |
|
|
CATM
32
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $520K | 0.2% |
20,000
-24,000
| -55% | -$727K |
|
33
Constellation Brands
STZ
$21.9B
| $322K | 0.13% |
2,000
-8,000
| -80% | -$1.59M |
|
|
SVVC
34
DELISTED
Firsthand Technology Value Fund, Inc. Common Stock
SVVC
| $280K | 0.11% |
25,000
| – | – |
|
35
Lesaka Technologies
LSAK
$388M
| $234K | 0.09% |
49,900
-200,000
| -80% | -$1.17M |
|
|
JCP
36
PUT
DELISTED
J.C. Penney Company, Inc.
JCP
| $73K | 0.03% |
70,000
| – | – |
|
37
Invesco QQQ Trust
QQQ
$489B
| $15K | 0.01% |
+100
| New | +$16.7K |
|
38
Apple
AAPL
$4.67T
| – | – |
-96,000
| Closed | -$5.42M |
|
|
39
Adobe
ADBE
$106B
| – | – |
-40,000
| Closed | -$10.8M |
|
|
40
PUT
Adobe
ADBE
$106B
| – | – |
-60,000
| Closed | -$16.2M |
|
41
Adtran
ADTN
$579M
| – | – |
-153,000
| Closed | -$2.7M |
|
|
42
Align Technology
ALGN
$11.3B
| – | – |
-30,400
| Closed | -$11.9M |
|
|
43
PUT
Align Technology
ALGN
$11.3B
| – | – |
-10,000
| Closed | -$3.91M |
|
44
Arista Networks
ANET
$244B
| – | – |
-108,800
| Closed | -$1.81M |
|
45
Box
BOX
$4.83B
| – | – |
-58,000
| Closed | -$1.39M |
|
46
Century Communities
CCS
$1.83B
| – | – |
-31,000
| Closed | -$814K |
|
47
CareDx
CDNA
$2.63B
| – | – |
-50,000
| Closed | -$1.44M |
|
48
Ezcorp Inc
EZPW
$2.05B
| – | – |
-107,000
| Closed | -$1.15M |
|
49
Forestar Group
FOR
$1.42B
| – | – |
-53,055
| Closed | -$1.13M |
|
50
GoDaddy
GDDY
$12.8B
| – | – |
-19,600
| Closed | -$1.63M |
|
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Precept Management's Q4 2018 Portfolio in Review
As of Q4 2018, Precept Management held 82 positions worth $256M, down 27% from $352M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Precept Management withdrew a net $78.3M in Q4 2018, closing 45 positions and reducing 10 holdings. Its most notable exit was Align Technology, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 63% of assets, up from 45% a quarter earlier, followed by Technology and Energy.
Against the trend, Precept Management opened a new position in Dropbox worth $5.15M.
- Precept Management's largest Q4 2018 buy was Dropbox: 252,000 shares worth $5.15M.
- Precept Management added most to USA Compression Partners in Q4 2018, an estimated $2.41M increase.
- Precept Management's biggest Q4 2018 reduction was Amazon, cutting an estimated $5.82M.
- Precept Management fully exited Align Technology in Q4 2018, selling an estimated $11.9M.
- Precept Management's ten largest holdings make up 78% of its $256M portfolio in Q4 2018.
- Precept Management opened 13 new positions and closed 45 in Q4 2018.
- Precept Management's portfolio value fell 27% quarter-over-quarter to $256M.
Based on Precept Management's 13F filing for Q4 2018, filed 14 Feb 2019.