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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
+21.19%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$408M
AUM Growth
-$115M
(-22%)
Cap. Flow
-$163M
Cap. Flow
% of AUM
-40.08%
Top 10 Holdings %
Top 10 Hldgs %
49.22%
Holding
106
New
17
Increased
12
Reduced
14
Closed
40
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$21.9M |
| 2 |
STMP
Stamps.com, Inc.
STMP
|
+$4.53M |
| 3 |
Generac Holdings
GNRC
|
+$3.95M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$3.88M |
| 5 |
Upland Software
UPLD
|
+$1.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$14.6M |
| 2 |
Paycom
PAYC
|
+$3.1M |
| 3 |
FIVE9
FIVN
|
+$2.65M |
| 4 |
Smith & Wesson
SWBI
|
+$2.51M |
| 5 |
Dropbox
DBX
|
+$1.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.45% |
| 2 | Healthcare | 7.28% |
| 3 | Consumer Discretionary | 6.17% |
| 4 | Industrials | 3.73% |
| 5 | Energy | 3.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
LGI Homes
LGIH
$1.35B
| $1.16M | 0.29% |
+10,000
| New | +$1.11M |
|
52
uniQure
QURE
$2.86B
| $1.1M | 0.27% |
30,000
-15,000
| -33% | -$615K |
|
53
Northrop Grumman
NOC
$74.9B
| $1.1M | 0.27% |
3,500
| – | – |
|
|
LHCG
54
DELISTED
LHC Group LLC
LHCG
| $999K | 0.25% |
+4,700
| New | +$927K |
|
|
NREF
55
NexPoint Real Estate Finance
NREF
$321M
| $881K | 0.22% |
60,000
| – | – |
|
56
Fathom Holdings
FTHM
$28.8M
| $787K | 0.19% |
+50,000
| New | +$745K |
|
57
PennyMac Financial
PFSI
$4.39B
| $639K | 0.16% |
+11,000
| New | +$545K |
|
|
58
Smith & Wesson
SWBI
$668M
| $621K | 0.15% |
40,000
-142,140
| -78% | -$2.51M |
|
59
Walker & Dunlop
WD
$1.7B
| $504K | 0.12% |
9,500
+8,500
| +850% | +$446K |
|
60
BRC Group Holdings
RILY
$275M
| $501K | 0.12% |
20,000
| – | – |
|
61
Harrow
HROW
$1.73B
| $471K | 0.12% |
+84,264
| New | +$506K |
|
62
USA Compression Partners
USAC
$3.87B
| $370K | 0.09% |
37,000
| – | – |
|
63
Stryker
SYK
$122B
| $208K | 0.05% |
+1,000
| New | +$194K |
|
|
AKTS
64
DELISTED
Akoustis Technologies Inc
AKTS
| $163K | 0.04% |
20,000
| – | – |
|
|
SCPL
65
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $16K | ﹤0.01% |
1,000
-6,000
| -86% | -$87.4K |
|
66
Bank of America
BAC
$429B
| $2K | ﹤0.01% |
100
| – | – |
|
67
CALL
Apple
AAPL
$4.85T
| – | – |
-200,000
| Closed | -$18.2M |
|
|
68
Apple
AAPL
$4.85T
| – | – |
-8,000
| Closed | -$730K |
|
69
Caesars Entertainment
CZR
$6.1B
| – | – |
-20,100
| Closed | -$805K |
|
|
70
PUT
Caesars Entertainment
CZR
$6.1B
| – | – |
-20,000
| Closed | -$801K |
|
|
71
Dropbox
DBX
$7.12B
| – | – |
-70,000
| Closed | -$1.52M |
|
|
FISV
72
CALL
Fiserv Inc
FISV
$26.8B
| – | – |
-50,000
| Closed | -$4.88M |
|
|
73
PUT
FIVE9
FIVN
$1.96B
| – | – |
-75,000
| Closed | -$8.3M |
|
74
CALL
General Dynamics
GD
$100B
| – | – |
-50,000
| Closed | -$7.47M |
|
|
75
General Dynamics
GD
$100B
| – | – |
-7,000
| Closed | -$1.05M |
|
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Precept Management's Q3 2020 Portfolio in Review
As of Q3 2020, Precept Management held 106 positions worth $408M, down 22% from $523M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Precept Management withdrew a net $163M in Q3 2020, closing 40 positions and reducing 14 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Precept Management opened a new position in Generac Holdings worth $4.65M.
- Precept Management's largest Q3 2020 buy was Generac Holdings: 24,000 shares worth $4.65M.
- Precept Management added most to Salesforce in Q3 2020, an estimated $21.9M increase.
- Precept Management's biggest Q3 2020 reduction was FIVE9, cutting an estimated $2.65M.
- Precept Management fully exited iShares Russell 2000 ETF in Q3 2020, selling an estimated $14.6M.
- Precept Management's ten largest holdings make up 49% of its $408M portfolio in Q3 2020.
- Precept Management opened 17 new positions and closed 40 in Q3 2020.
- Precept Management's portfolio value fell 22% quarter-over-quarter to $408M.
Based on Precept Management's 13F filing for Q3 2020, filed 16 Nov 2020.