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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 | |
|---|---|---|---|---|---|---|
76
PUT
Turning Point Brands
TPB
$1.6B
| – | – |
-15,000
| Closed | -$735K |
|
77
PUT
Tyler Technologies
TYL
$13.1B
| – | – |
-6,000
| Closed | -$1.3M |
|
78
Ulta Beauty
ULTA
$20.6B
| – | – |
-9,000
| Closed | -$3.12M |
|
|
79
USA Compression Partners
USAC
$3.78B
| – | – |
-403,000
| Closed | -$7.16M |
|
|
VBTX
80
DELISTED
Veritex Holdings
VBTX
| – | – |
-52,000
| Closed | -$1.35M |
|
|
81
Zscaler
ZS
$24.2B
| – | – |
-61,600
| Closed | -$4.72M |
|
|
CPE
82
DELISTED
Callon Petroleum Company
CPE
| – | – |
-7,800
| Closed | -$514K |
|
|
ZNGA
83
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-200,000
| Closed | -$1.23M |
|
|
MIME
84
DELISTED
Mimecast Limited
MIME
| – | – |
-6,000
| Closed | -$280K |
|
|
ZIXI
85
DELISTED
Zix Corporation
ZIXI
| – | – |
-142,000
| Closed | -$1.29M |
|
|
GLUU
86
PUT
DELISTED
Glu Mobile Inc.
GLUU
| – | – |
-250,000
| Closed | -$1.79M |
|
|
DZSI
87
DELISTED
DZS Inc. Common Stock
DZSI
| – | – |
-80,000
| Closed | -$1.04M |
|
|
BFYT
88
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| – | – |
-21,000
| Closed | -$544K |
|
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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.