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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
-1.42%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$153M
(-48%)
Cap. Flow
-$147M
Cap. Flow
% of AUM
-88.25%
Top 10 Holdings %
Top 10 Hldgs %
52.51%
Holding
88
New
18
Increased
5
Reduced
11
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$3.48M |
| 2 |
Visa
V
|
+$3.38M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$3.03M |
| 4 |
CoreCivic
CXW
|
+$3.02M |
| 5 |
Abbott
ABT
|
+$1.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
USA Compression Partners
USAC
|
+$7.16M |
| 2 |
Zscaler
ZS
|
+$4.72M |
| 3 |
Advanced Micro Devices
AMD
|
+$4.59M |
| 4 |
Diamondback Energy
FANG
|
+$4.14M |
| 5 |
Adobe
ADBE
|
+$4.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.08% |
| 2 | Energy | 14.02% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Financials | 8.65% |
| 5 | Industrials | 5.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Boot Barn
BOOT
$4.63B
| $2.2M | 1.32% |
63,000
+17,000
| +37% | +$566K |
|
27
Grand Canyon Education
LOPE
$3.72B
| $2.06M | 1.24% |
21,000
| – | – |
|
28
Okta
OKTA
$26B
| $1.48M | 0.89% |
15,000
| – | – |
|
|
29
PUT
Okta
OKTA
$26B
| $1.48M | 0.89% |
15,000
-3,000
| -17% | -$375K |
|
30
PUT
Euronet Worldwide
EEFT
$3.1B
| $1.46M | 0.88% |
10,000
-15,000
| -60% | -$2.32M |
|
31
Hanover Insurance
THG
$7.46B
| $1.45M | 0.87% |
10,700
| – | – |
|
|
RTN
32
DELISTED
Raytheon Company
RTN
| $1.37M | 0.83% |
7,000
-4,000
| -36% | -$741K |
|
33
FIVE9
FIVN
$1.96B
| $1.34M | 0.81% |
25,000
| – | – |
|
|
34
PUT
FIVE9
FIVN
$1.96B
| $1.34M | 0.81% |
+25,000
| New | +$1.41M |
|
35
Walker & Dunlop
WD
$1.72B
| $1.34M | 0.81% |
+24,000
| New | +$1.35M |
|
|
36
Abbott
ABT
$175B
| $1.34M | 0.8% |
+16,000
| New | +$1.36M |
|
|
MIK
37
DELISTED
Michaels Stores, Inc
MIK
| $1.32M | 0.79% |
+135,000
| New | +$1.01M |
|
|
38
Euronet Worldwide
EEFT
$3.1B
| $1.32M | 0.79% |
9,000
| – | – |
|
39
Northrop Grumman
NOC
$74.1B
| $1.31M | 0.79% |
3,500
-2,500
| -42% | -$885K |
|
40
General Dynamics
GD
$99.7B
| $1.28M | 0.77% |
7,000
-4,000
| -36% | -$743K |
|
|
BIG
41
DELISTED
Big Lots, Inc.
BIG
| $1.25M | 0.75% |
+51,000
| New | +$1.21M |
|
|
BDN
42
Brandywine Realty Trust
BDN
$545M
| $1.24M | 0.75% |
+82,000
| New | +$1.2M |
|
43
QuinStreet
QNST
$964M
| $1.21M | 0.73% |
+96,000
| New | +$1.31M |
|
44
Medtronic
MDT
$106B
| $1.2M | 0.72% |
+11,000
| New | +$1.15M |
|
45
CryoPort
CYRX
$832M
| $1.06M | 0.64% |
65,000
-75,000
| -54% | -$1.5M |
|
46
Paycom
PAYC
$6.9B
| $1.05M | 0.63% |
5,000
-5,000
| -50% | -$1.17M |
|
47
Stryker
SYK
$123B
| $1.03M | 0.62% |
+4,760
| New | +$1.02M |
|
|
CATM
48
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $907K | 0.55% |
30,000
+10,000
| +50% | +$296K |
|
49
Amerant Bancorp
AMTB
$1.03B
| $818K | 0.49% |
+39,000
| New | +$715K |
|
|
DCP
50
PUT
DELISTED
DCP Midstream, LP
DCP
| $786K | 0.47% |
+30,000
| New | +$817K |
|
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Precept Management's Q3 2019 Portfolio in Review
As of Q3 2019, Precept Management held 88 positions worth $166M, down 48% from $319M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Precept Management withdrew a net $147M in Q3 2019, closing 34 positions and reducing 11 holdings. Its most notable exit was USA Compression Partners, an estimated $7.16M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Precept Management opened a new position in State Street Energy Select Sector SPDR ETF worth $3.4M.
- Precept Management's largest Q3 2019 buy was State Street Energy Select Sector SPDR ETF: 115,000 shares worth $3.4M.
- Precept Management added most to Visa in Q3 2019, an estimated $3.38M increase.
- Precept Management's biggest Q3 2019 reduction was Glu Mobile Inc., cutting an estimated $1.66M.
- Precept Management fully exited USA Compression Partners in Q3 2019, selling an estimated $7.16M.
- Precept Management's ten largest holdings make up 53% of its $166M portfolio in Q3 2019.
- Precept Management opened 18 new positions and closed 34 in Q3 2019.
- Precept Management's portfolio value fell 48% quarter-over-quarter to $166M.
Based on Precept Management's 13F filing for Q3 2019, filed 14 Nov 2019.