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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
+16.73%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$247M
AUM Growth
-$161M
(-39%)
Cap. Flow
-$186M
Cap. Flow
% of AUM
-75.26%
Top 10 Holdings %
Top 10 Hldgs %
62.49%
Holding
84
New
18
Increased
8
Reduced
14
Closed
32
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tyler Technologies
TYL
|
+$4.33M |
| 2 |
Walker & Dunlop
WD
|
+$2.19M |
| 3 |
PayPal
PYPL
|
+$2.07M |
| 4 |
Jacobs Solutions
J
|
+$1.84M |
| 5 |
State Street SPDR S&P Regional Banking ETF
KRE
|
+$1.55M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$9.73M |
| 2 |
Microsoft
MSFT
|
+$7.53M |
| 3 |
NXRT
NexPoint Residential Trust
NXRT
|
+$3.73M |
| 4 |
BJs Wholesale Club
BJ
|
+$3.49M |
| 5 |
XIFR
XPLR Infrastructure LP
XIFR
|
+$3.06M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.71% |
| 2 | Healthcare | 11.03% |
| 3 | Consumer Discretionary | 8.07% |
| 4 | Energy | 6.26% |
| 5 | Industrials | 5.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Invesco QQQ Trust
QQQ
$463B
| – | – |
-65,000
| Closed | -$18.1M |
|
77
uniQure
QURE
$2.73B
| – | – |
-30,000
| Closed | -$1.1M |
|
78
Stryker
SYK
$122B
| – | – |
-1,000
| Closed | -$208K |
|
79
USA Compression Partners
USAC
$3.88B
| – | – |
-37,000
| Closed | -$370K |
|
|
XIFR
80
XPLR Infrastructure LP
XIFR
$1.14B
| – | – |
-51,000
| Closed | -$3.06M |
|
|
SCPL
81
CALL
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| – | – |
-500,000
| Closed | -$8.11M |
|
|
SCPL
82
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| – | – |
-1,000
| Closed | -$16K |
|
|
RETA
83
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| – | – |
-21,000
| Closed | -$2.05M |
|
|
GLUU
84
CALL
DELISTED
Glu Mobile Inc.
GLUU
| – | – |
-650,000
| Closed | -$4.99M |
|
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Precept Management's Q4 2020 Portfolio in Review
As of Q4 2020, Precept Management held 84 positions worth $247M, down 39% from $408M the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Precept Management withdrew a net $186M in Q4 2020, closing 32 positions and reducing 14 holdings. Its most notable exit was NexPoint Residential Trust, an estimated $3.73M position sold in full.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 23% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Precept Management opened a new position in PayPal worth $2.34M.
- Precept Management's largest Q4 2020 buy was PayPal: 10,000 shares worth $2.34M.
- Precept Management added most to Tyler Technologies in Q4 2020, an estimated $4.33M increase.
- Precept Management's biggest Q4 2020 reduction was Salesforce, cutting an estimated $9.73M.
- Precept Management fully exited NexPoint Residential Trust in Q4 2020, selling an estimated $3.73M.
- Precept Management's ten largest holdings make up 62% of its $247M portfolio in Q4 2020.
- Precept Management opened 18 new positions and closed 32 in Q4 2020.
- Precept Management's portfolio value fell 39% quarter-over-quarter to $247M.
Based on Precept Management's 13F filing for Q4 2020, filed 16 Feb 2021.