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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
(-21%)
Cap. Flow
-$45.8M
Cap. Flow
% of AUM
-35.57%
Top 10 Holdings %
Top 10 Hldgs %
61%
Holding
84
New
15
Increased
7
Reduced
11
Closed
30
Top Buys
| 1 |
Alphabet (Google) Class C
GOOG
|
+$2.79M |
| 2 |
Lesaka Technologies
LSAK
|
+$1.83M |
| 3 |
Eagle Materials
EXP
|
+$1.43M |
| 4 |
IES Holdings
IESC
|
+$1.4M |
| 5 |
MODN
MODEL N, INC.
MODN
|
+$1.3M |
Top Sells
| 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
| 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 | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$82.6B
| $19.2M | 14.94% |
737,600
| – | – |
|
|
GLUU
2
DELISTED
Glu Mobile Inc.
GLUU
| $11.3M | 8.76% |
3,000,000
-1,139,000
| -28% | -$3.58M |
|
3
Tower Semiconductor
TSEM
$26.5B
| $11M | 8.58% |
359,122
-10,878
| -3% | -$297K |
|
|
4
Alphabet (Google) Class C
GOOG
$4.22T
| $7.83M | 6.08% |
163,200
+60,000
| +58% | +$2.79M |
|
|
5
CALL
Lesaka Technologies
LSAK
$409M
| $6.09M | 4.73% |
625,000
+125,000
| +25% | +$1.21M |
|
6
Upland Software
UPLD
$15.8M
| $5.85M | 4.54% |
27,640
-230
| -0.8% | -$52.8K |
|
7
Grand Canyon Education
LOPE
$3.72B
| $5.16M | 4.01% |
56,800
| – | – |
|
8
Amazon
AMZN
$2.66T
| $4.81M | 3.73% |
100,000
| – | – |
|
9
ServiceNow
NOW
$106B
| $3.88M | 3.01% |
165,000
+33,500
| +25% | +$745K |
|
10
Microsoft
MSFT
$2.93T
| $3.35M | 2.6% |
45,000
| – | – |
|
|
11
Lesaka Technologies
LSAK
$409M
| $2.83M | 2.19% |
290,000
+189,900
| +190% | +$1.83M |
|
12
Primoris Services
PRIM
$4.66B
| $2.59M | 2.01% |
88,000
| – | – |
|
13
Euronet Worldwide
EEFT
$3.1B
| $2.56M | 1.99% |
27,000
| – | – |
|
14
Apple
AAPL
$4.9T
| $2.45M | 1.9% |
63,600
| – | – |
|
|
CAMP
15
DELISTED
CalAmp Corp.
CAMP
| $2.09M | 1.63% |
3,913
+1,217
| +45% | +$537K |
|
|
BFYT
16
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $1.92M | 1.49% |
132,500
-169,500
| -56% | -$4.68M |
|
|
GLUU
17
CALL
DELISTED
Glu Mobile Inc.
GLUU
| $1.88M | 1.46% |
+500,000
| New | +$1.57M |
|
18
Tyler Technologies
TYL
$13.1B
| $1.74M | 1.35% |
10,000
| – | – |
|
19
Asure Software
ASUR
$233M
| $1.61M | 1.25% |
130,000
+55,000
| +73% | +$682K |
|
|
20
Eagle Materials
EXP
$6.36B
| $1.6M | 1.24% |
+15,000
| New | +$1.43M |
|
21
Axcelis
ACLS
$4.19B
| $1.53M | 1.19% |
56,000
| – | – |
|
|
22
IES Holdings
IESC
$12.2B
| $1.45M | 1.13% |
+84,000
| New | +$1.4M |
|
|
MODN
23
DELISTED
MODEL N, INC.
MODN
| $1.45M | 1.13% |
+97,000
| New | +$1.3M |
|
24
Century Communities
CCS
$1.89B
| $1.41M | 1.09% |
57,000
| – | – |
|
|
GTT
25
DELISTED
GTT Communications, Inc.
GTT
| $1.39M | 1.08% |
44,000
+25,000
| +132% | +$764K |
|
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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.