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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
+11.63%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$129M
AUM Growth
-$34.3M
Cap. Flow
-$45.8M
Cap. Flow %
-35.57%
Top 10 Hldgs %
61%
Holding
84
New
15
Increased
7
Reduced
11
Closed
30

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$2.79M
2
LSAK icon
Lesaka Technologies
LSAK
+$1.83M
3
EXP icon
Eagle Materials
EXP
+$1.43M
4
IESC icon
IES Holdings
IESC
+$1.4M
5
MODN
MODEL N, INC.
MODN
+$1.3M

Top Sells

Rank Stock Value
1
STMP
Stamps.com, Inc.
STMP
+$5.5M
2
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
+$4.68M
3
GLUU
Glu Mobile Inc.
GLUU
+$3.58M
4
SNC
State National Companies, Inc.
SNC
+$3.47M
5
TRUE
TrueCar
TRUE
+$3.27M

Sector Composition

Rank Sector Weight
1 Technology 40.52%
2 Energy 14.94%
3 Communication Services 8.82%
4 Industrials 5.46%
5 Consumer Discretionary 5.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CARB
76
PUT
DELISTED
Carbonite Inc
CARB
– –
-60,000
Closed -$1.31M
ORM
77
DELISTED
Owens Realty Mortgage, Inc.
ORM
– –
-68,000
Closed -$1.15M
IDTI
78
DELISTED
Integrated Device Technology I
IDTI
– –
-99,000
Closed -$2.55M
OCLR
79
DELISTED
Oclaro Inc.
OCLR
– –
-300,000
Closed -$2.8M
ZOES
80
CALL
DELISTED
Zoe's Kitchen, Inc.
ZOES
– –
-20,000
Closed -$238K
EMKR
81
DELISTED
Emcore Corp
EMKR
– –
-10,000
Closed -$1.06M
SNC
82
DELISTED
State National Companies, Inc.
SNC
– –
-189,000
Closed -$3.47M
VG
83
DELISTED
Vonage Holdings Corporation
VG
– –
-89,000
Closed -$582K
VXX
84
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
– –
-25,000
Closed -$1.28M
1 2 3
4

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Precept Management's Q3 2017 Portfolio in Review

As of Q3 2017, Precept Management held 84 positions worth $129M, down 21% from $163M the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Precept Management withdrew a net $45.8M in Q3 2017, closing 30 positions and reducing 11 holdings. Its most notable exit was State National Companies, Inc., an estimated $3.47M position sold in full.

By sector, the portfolio is most concentrated in Technology at 41% of assets, up from 34% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Precept Management opened a new position in Eagle Materials worth $1.6M.

  • Precept Management's largest Q3 2017 buy was Eagle Materials: 15,000 shares worth $1.6M.
  • Precept Management added most to Alphabet (Google) Class C in Q3 2017, an estimated $2.79M increase.
  • Precept Management's biggest Q3 2017 reduction was Stamps.com, Inc., cutting an estimated $5.5M.
  • Precept Management fully exited State National Companies, Inc. in Q3 2017, selling an estimated $3.47M.
  • Precept Management's ten largest holdings make up 61% of its $129M portfolio in Q3 2017.
  • Precept Management opened 15 new positions and closed 30 in Q3 2017.
  • Precept Management's portfolio value fell 21% quarter-over-quarter to $129M.

Based on Precept Management's 13F filing for Q3 2017, filed 14 Nov 2017.