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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
(-25%)
Cap. Flow
-$44.7M
Cap. Flow
% of AUM
-44.28%
Top 10 Holdings %
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 |
ServiceNow
NOW
|
+$2.29M |
| 3 |
Euronet Worldwide
EEFT
|
+$2.12M |
| 4 |
TRUE
TrueCar
TRUE
|
+$2.08M |
| 5 |
Grand Canyon Education
LOPE
|
+$2.05M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Matador Resources
MTDR
|
+$5.15M |
| 2 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$4.76M |
| 3 |
Lesaka Technologies
LSAK
|
+$3.63M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
51
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| – | – |
-100,000
| Closed | -$13.5M |
|
|
52
CALL
Lesaka Technologies
LSAK
$409M
| – | – |
-250,000
| Closed | -$2.87M |
|
|
53
Lesaka Technologies
LSAK
$409M
| – | – |
-316,126
| Closed | -$3.63M |
|
|
54
Matador Resources
MTDR
$6.68B
| – | – |
-200,000
| Closed | -$5.15M |
|
55
MACOM Technology Solutions
MTSI
$20.4B
| – | – |
-25,000
| Closed | -$1.16M |
|
|
PR
56
Permian Resources
PR
$16.9B
| – | – |
-168,500
| Closed | -$3.32M |
|
|
SWN
57
DELISTED
Southwestern Energy Company
SWN
| – | – |
-200,000
| Closed | -$2.16M |
|
|
ZNGA
58
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-1,853,489
| Closed | -$4.76M |
|
|
GLUU
59
CALL
DELISTED
Glu Mobile Inc.
GLUU
| – | – |
-1,500,000
| Closed | -$2.91M |
|
|
QEP
60
DELISTED
QEP RESOURCES, INC.
QEP
| – | – |
-71,000
| Closed | -$1.31M |
|
|
AXAS
61
DELISTED
Abraxas Petroleum Corp
AXAS
| – | – |
-34,000
| Closed | -$1.75M |
|
|
AREX
62
DELISTED
Approach Resources Inc.
AREX
| – | – |
-190,000
| Closed | -$637K |
|
|
GTT
63
DELISTED
GTT Communications, Inc.
GTT
| – | – |
-50,000
| Closed | -$1.44M |
|
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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.