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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
+10.06%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$240M
AUM Growth
+$72.6M
(+43%)
Cap. Flow
+$25.5M
Cap. Flow
% of AUM
10.6%
Top 10 Holdings %
Top 10 Hldgs %
45.3%
Holding
96
New
36
Increased
11
Reduced
11
Closed
26
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Tower Semiconductor
TSEM
|
+$5.73M |
| 2 |
GLUU
Glu Mobile Inc.
GLUU
|
+$4.88M |
| 3 |
Tyler Technologies
TYL
|
+$4.66M |
| 4 |
ON Semiconductor
ON
|
+$4.58M |
| 5 |
Netflix
NFLX
|
+$4.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sinclair Inc
SBGI
|
+$4.28M |
| 2 |
OCLR
Oclaro Inc.
OCLR
|
+$3.03M |
| 3 |
Grand Canyon Education
LOPE
|
+$2.8M |
| 4 |
BFYT
Benefytt Technologies, Inc. Class A Common Stock
BFYT
|
+$2.61M |
| 5 |
Upland Software
UPLD
|
+$2.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 36.92% |
| 2 | Technology | 26.76% |
| 3 | Energy | 7.51% |
| 4 | Communication Services | 7.24% |
| 5 | Healthcare | 5.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$489B
| $40M | 16.66% |
+250,000
| New | +$41.3M |
|
2
Enterprise Products Partners
EPD
$84.1B
| $18.1M | 7.51% |
737,600
| – | – |
|
|
BFYT
3
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $7.3M | 3.04% |
252,700
-92,870
| -27% | -$2.61M |
|
4
Amazon
AMZN
$2.79T
| $7.24M | 3.01% |
100,000
| – | – |
|
|
5
PUT
Amazon
AMZN
$2.79T
| $7.24M | 3.01% |
+100,000
| New | +$7.15M |
|
|
6
Tyler Technologies
TYL
$14.9B
| $7.03M | 2.92% |
33,300
+23,300
| +233% | +$4.66M |
|
|
7
Upland Software
UPLD
$10.9M
| $5.76M | 2.4% |
20,000
-9,000
| -31% | -$2.22M |
|
8
ServiceNow
NOW
$146B
| $5.63M | 2.34% |
170,000
-20,000
| -11% | -$617K |
|
|
9
ON Semiconductor
ON
$29B
| $5.38M | 2.24% |
220,000
+190,000
| +633% | +$4.58M |
|
10
Lesaka Technologies
LSAK
$388M
| $5.2M | 2.17% |
550,000
-100,000
| -15% | -$1.09M |
|
|
GTT
11
DELISTED
GTT Communications, Inc.
GTT
| $5.1M | 2.12% |
90,000
+20,000
| +29% | +$987K |
|
12
Align Technology
ALGN
$11.3B
| $5.02M | 2.09% |
20,000
+10,000
| +100% | +$2.57M |
|
|
13
PUT
Align Technology
ALGN
$11.3B
| $5.02M | 2.09% |
+20,000
| New | +$5.14M |
|
|
14
PUT
ServiceNow
NOW
$146B
| $4.96M | 2.07% |
150,000
+50,000
| +50% | +$1.54M |
|
|
GLUU
15
DELISTED
Glu Mobile Inc.
GLUU
| $4.9M | 2.04% |
+1,300,000
| New | +$4.88M |
|
|
16
Tower Semiconductor
TSEM
$25.1B
| $4.84M | 2.02% |
+180,000
| New | +$5.73M |
|
|
17
Netflix
NFLX
$326B
| $4.73M | 1.97% |
+160,000
| New | +$4.36M |
|
18
Digital Turbine
APPS
$1.3B
| $4.16M | 1.73% |
2,070,107
+667,774
| +48% | +$1.45M |
|
|
SBBP
19
DELISTED
Strongbridge Biopharma plc.
SBBP
| $4.16M | 1.73% |
+470,000
| New | +$3.52M |
|
20
Adobe
ADBE
$106B
| $4.13M | 1.72% |
+19,100
| New | +$3.88M |
|
21
Microsoft
MSFT
$3.71T
| $4.11M | 1.71% |
45,000
| – | – |
|
22
PUT
Micron Technology
MU
$1.15T
| $3.91M | 1.63% |
+75,000
| New | +$3.59M |
|
|
WIRE
23
DELISTED
Encore Wire Corp
WIRE
| $3.4M | 1.42% |
60,000
+47,400
| +376% | +$2.46M |
|
|
GTT
24
PUT
DELISTED
GTT Communications, Inc.
GTT
| $3.4M | 1.42% |
+60,000
| New | +$2.96M |
|
25
Alphabet (Google) Class C
GOOG
$4.1T
| $3.1M | 1.29% |
60,000
| – | – |
|
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Precept Management's Q1 2018 Portfolio in Review
As of Q1 2018, Precept Management held 96 positions worth $240M, up 43% from $168M the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Precept Management deployed $25.5M of net new capital in Q1 2018, opening 36 new positions and adding to 11 existing holdings. Its largest new stake was Tower Semiconductor: 180,000 shares worth $4.84M.
By sector, the portfolio is most concentrated in Miscellaneous at 37% of assets, up from 28% a quarter earlier, followed by Technology and Energy.
On the sell side, the largest reduction was Grand Canyon Education, an estimated $2.8M trimmed.
- Precept Management's largest Q1 2018 buy was Tower Semiconductor: 180,000 shares worth $4.84M.
- Precept Management added most to Tyler Technologies in Q1 2018, an estimated $4.66M increase.
- Precept Management's biggest Q1 2018 reduction was Grand Canyon Education, cutting an estimated $2.8M.
- Precept Management fully exited Sinclair Inc in Q1 2018, selling an estimated $4.28M.
- Precept Management's ten largest holdings make up 45% of its $240M portfolio in Q1 2018.
- Precept Management opened 36 new positions and closed 26 in Q1 2018.
- Precept Management's portfolio value rose 43% quarter-over-quarter to $240M.
Based on Precept Management's 13F filing for Q1 2018, filed 15 May 2018.