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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
+13.18%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$73.7M
AUM Growth
-$8.02M
Cap. Flow
-$5.78M
Cap. Flow %
-7.84%
Top 10 Hldgs %
87.81%
Holding
39
New
13
Increased
3
Reduced
2
Closed
12

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$9.59M
2
FRG
Franchise Group, Inc.
FRG
+$2.87M
3
NVDA icon
NVIDIA
NVDA
+$996K
4
RAMP icon
LiveRamp
RAMP
+$620K
5
VOXR
Vox Royalty Corp
VOXR
+$566K

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.1M
2
TSLA icon
Tesla
TSLA
+$3.53M
3
IWO icon
iShares Russell 2000 Growth ETF
IWO
+$454K
4
CTLP
Cantaloupe
CTLP
+$399K
5
DTI icon
Drilling Tools International
DTI
+$125K

Sector Composition

Rank Sector Weight
1 Technology 13.29%
2 Consumer Discretionary 5.66%
3 Industrials 3.55%
4 Healthcare 1.3%
5 Materials 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVLV icon
26
Evolv Technologies
EVLV
$1.02B
$150K 0.2%
+25,000
New +$118K
SBIG
27
DELISTED
SpringBig Holdings, Inc. Common Stock
SBIG
$69.4K 0.09%
+157,410
New +$85.9K
ARCC icon
28
PUT
Ares Capital
ARCC
$13.8B
– –
-150,000
Closed -$2.74M
CTLP
29
DELISTED
Cantaloupe
CTLP
– –
-70,000
Closed -$399K
DTI icon
30
Drilling Tools International
DTI
$80.1M
– –
-12,000
Closed -$125K
GDYN icon
31
CALL
Grid Dynamics Holdings
GDYN
$484M
– –
-10,100
Closed -$116K
IWO icon
32
iShares Russell 2000 Growth ETF
IWO
$14.7B
– –
-2,000
Closed -$454K
MRNA icon
33
PUT
Moderna
MRNA
$24.5B
– –
-30,000
Closed -$4.61M
RAMP icon
34
CALL
LiveRamp
RAMP
$2.3B
– –
-25,000
Closed -$548K
SCI icon
35
CALL
Service Corp International
SCI
$10.9B
– –
-25,000
Closed -$1.72M
TSLA icon
36
Tesla
TSLA
$1.43T
– –
-17,000
Closed -$3.53M
WTTR icon
37
CALL
Select Water Solutions
WTTR
$2.53B
– –
-150,000
Closed -$1.04M
XLF icon
38
CALL
State Street Financial Select Sector SPDR ETF
XLF
$54.8B
– –
-350,000
Closed -$11.3M
PXD
39
CALL
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-10,000
Closed -$2.04M
1
2

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Precept Management's Q2 2023 Portfolio in Review

As of Q2 2023, Precept Management held 39 positions worth $73.7M, down 9.8% from $81.7M the previous quarter. Its ten largest holdings account for 88% of the portfolio.

Precept Management withdrew a net $5.78M in Q2 2023, closing 12 positions and reducing 2 holdings. Its most notable exit was Tesla, an estimated $3.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 6.6% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Precept Management opened a new position in Franchise Group, Inc. worth $2.46M.

  • Precept Management's largest Q2 2023 buy was Franchise Group, Inc.: 100,000 shares worth $2.46M.
  • Precept Management added most to Microsoft in Q2 2023, an estimated $9.59M increase.
  • Precept Management's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $10.1M.
  • Precept Management fully exited Tesla in Q2 2023, selling an estimated $3.53M.
  • Precept Management's ten largest holdings make up 88% of its $73.7M portfolio in Q2 2023.
  • Precept Management opened 13 new positions and closed 12 in Q2 2023.
  • Precept Management's portfolio value fell 9.8% quarter-over-quarter to $73.7M.

Based on Precept Management's 13F filing for Q2 2023, filed 14 Aug 2023.