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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
+37.67%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$523M
AUM Growth
-$284M
Cap. Flow
-$397M
Cap. Flow %
-75.92%
Top 10 Hldgs %
40.61%
Holding
150
New
25
Increased
18
Reduced
22
Closed
61

Top Buys

Rank Stock Value
1
IWM icon
iShares Russell 2000 ETF
IWM
+$12.7M
2
CRL icon
Charles River Laboratories
CRL
+$12M
3
HEI icon
HEICO Corp
HEI
+$6.46M
4
FIVN icon
FIVE9
FIVN
+$5.84M
5
NOW icon
ServiceNow
NOW
+$3.53M

Top Sells

Rank Stock Value
1
OKTA icon
Okta
OKTA
+$4.92M
2
EGIO
Edgio, Inc. Common Stock
EGIO
+$3.71M
3
AMD icon
Advanced Micro Devices
AMD
+$2.65M
4
FRO icon
Frontline
FRO
+$2.31M
5
CMBT
CMB.TECH NV
CMBT
+$2.14M

Sector Composition

Rank Sector Weight
1 Technology 12.98%
2 Healthcare 5.44%
3 Consumer Discretionary 3.75%
4 Energy 2.64%
5 Industrials 2.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSL icon
101
PUT
Carlisle Companies
CSL
$13.2B
– –
-40,000
Closed -$5.01M
CTRA
102
DELISTED
Coterra Energy
CTRA
– –
-21,000
Closed -$361K
CZR icon
103
CALL
Caesars Entertainment
CZR
$6.07B
– –
-50,000
Closed -$720K
EEFT icon
104
CALL
Euronet Worldwide
EEFT
$3.1B
– –
-20,000
Closed -$1.71M
EEFT icon
105
Euronet Worldwide
EEFT
$3.1B
– –
-1,000
Closed -$86K
EEFT icon
106
PUT
Euronet Worldwide
EEFT
$3.1B
– –
-20,000
Closed -$1.71M
EHTH icon
107
eHealth
EHTH
$45.1M
– –
-14,000
Closed -$1.97M
ET icon
108
CALL
Energy Transfer Partners
ET
$69.8B
– –
-240,000
Closed -$1.1M
FIVN icon
109
CALL
FIVE9
FIVN
$1.97B
– –
-50,000
Closed -$3.82M
FRO icon
110
Frontline
FRO
$8.22B
– –
-240,000
Closed -$2.31M
HEI icon
111
CALL
HEICO Corp
HEI
$47.6B
– –
-15,000
Closed -$1.12M
HYG icon
112
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.4B
– –
-400,000
Closed -$30.8M
KMI icon
113
PUT
Kinder Morgan
KMI
$72.5B
– –
-250,000
Closed -$3.48M
NAT icon
114
CALL
Nordic American Tanker
NAT
$1.3B
– –
-100,000
Closed -$453K
NAT icon
115
Nordic American Tanker
NAT
$1.3B
– –
-180,000
Closed -$815K
NFLX icon
116
CALL
Netflix
NFLX
$285B
– –
-100,000
Closed -$3.75M
OKTA icon
117
PUT
Okta
OKTA
$25.8B
– –
-38,000
Closed -$4.65M
ON icon
118
CALL
ON Semiconductor
ON
$33.7B
– –
-150,000
Closed -$1.87M
ON icon
119
ON Semiconductor
ON
$33.7B
– –
-1,000
Closed -$12K
OXY icon
120
PUT
Occidental Petroleum
OXY
$54.9B
– –
-32,000
Closed -$371K
SPY icon
121
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$781B
– –
-400,000
Closed -$103M
SPY icon
122
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
– –
-400,000
Closed -$103M
SYK icon
123
CALL
Stryker
SYK
$122B
– –
-40,000
Closed -$6.66M
SYK icon
124
Stryker
SYK
$122B
– –
-1,000
Closed -$166K
THG icon
125
Hanover Insurance
THG
$7.5B
– –
-10,700
Closed -$969K
2 3 4
5
6

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Precept Management's Q2 2020 Portfolio in Review

As of Q2 2020, Precept Management held 150 positions worth $523M, down 35% from $807M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Precept Management withdrew a net $397M in Q2 2020, closing 61 positions and reducing 22 holdings. Its most notable exit was Edgio, Inc. Common Stock, an estimated $3.71M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 6.1% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Precept Management opened a new position in iShares Russell 2000 ETF worth $13.9M.

  • Precept Management's largest Q2 2020 buy was iShares Russell 2000 ETF: 97,000 shares worth $13.9M.
  • Precept Management added most to Charles River Laboratories in Q2 2020, an estimated $12M increase.
  • Precept Management's biggest Q2 2020 reduction was Okta, cutting an estimated $4.92M.
  • Precept Management fully exited Edgio, Inc. Common Stock in Q2 2020, selling an estimated $3.71M.
  • Precept Management's ten largest holdings make up 41% of its $523M portfolio in Q2 2020.
  • Precept Management opened 25 new positions and closed 61 in Q2 2020.
  • Precept Management's portfolio value fell 35% quarter-over-quarter to $523M.

Based on Precept Management's 13F filing for Q2 2020, filed 14 Aug 2020.