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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 | |
|---|---|---|---|---|---|---|
76
PUT
HEICO Corp
HEI
$47.9B
| – | – |
-100,000
| Closed | -$9.96M |
|
77
Intellicheck
IDN
$75.5M
| – | – |
-55,000
| Closed | -$415K |
|
78
Immatics
IMTX
$1.31B
| – | – |
-50,000
| Closed | -$787K |
|
79
Iovance Biotherapeutics
IOVA
$2.23B
| – | – |
-45,000
| Closed | -$1.24M |
|
|
80
CALL
iShares Russell 2000 ETF
IWM
$82.2B
| – | – |
-150,000
| Closed | -$21.5M |
|
|
81
iShares Russell 2000 ETF
IWM
$82.2B
| – | – |
-97,000
| Closed | -$14.6M |
|
82
CALL
JPMorgan Chase
JPM
$907B
| – | – |
-200,000
| Closed | -$18.8M |
|
83
CALL
Mastercard
MA
$480B
| – | – |
-30,000
| Closed | -$8.87M |
|
|
84
Mastercard
MA
$480B
| – | – |
-1,000
| Closed | -$296K |
|
85
CALL
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-20,000
| Closed | -$4.54M |
|
|
86
Meta Platforms (Facebook)
META
$1.64T
| – | – |
-1,000
| Closed | -$227K |
|
87
CALL
Okta
OKTA
$26B
| – | – |
-50,000
| Closed | -$10M |
|
|
88
Okta
OKTA
$26B
| – | – |
-1,000
| Closed | -$200K |
|
|
89
Paycom
PAYC
$6.9B
| – | – |
-10,000
| Closed | -$3.1M |
|
|
90
PUT
Paycom
PAYC
$6.9B
| – | – |
-5,000
| Closed | -$1.55M |
|
91
CALL
Invesco QQQ Trust
QQQ
$466B
| – | – |
-150,000
| Closed | -$37.1M |
|
92
Regenxbio
RGNX
$511M
| – | – |
-14,000
| Closed | -$516K |
|
93
Repay Holdings
RPAY
$321M
| – | – |
-42,000
| Closed | -$1.03M |
|
94
CALL
RTX Corp
RTX
$261B
| – | – |
-150,000
| Closed | -$9.24M |
|
95
PUT
VanEck Semiconductor ETF
SMH
$67.5B
| – | – |
-100,000
| Closed | -$7.64M |
|
96
Sportsman's Warehouse
SPWH
$45.7M
| – | – |
-50,000
| Closed | -$713K |
|
97
CALL
Steris
STE
$21.2B
| – | – |
-100,000
| Closed | -$15.3M |
|
|
98
Steris
STE
$21.2B
| – | – |
-100
| Closed | -$15K |
|
99
CALL
Teledyne Technologies
TDY
$29.4B
| – | – |
-25,000
| Closed | -$7.77M |
|
|
100
Teledyne Technologies
TDY
$29.4B
| – | – |
-1,000
| Closed | -$311K |
|
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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.