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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
+13.7%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$334M
AUM Growth
+$93.5M
(+39%)
Cap. Flow
+$74.8M
Cap. Flow
% of AUM
22.41%
Top 10 Holdings %
Top 10 Hldgs %
50.32%
Holding
101
New
32
Increased
16
Reduced
14
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Align Technology
ALGN
|
+$5.97M |
| 2 |
QTNA
Quantenna Communications, Inc. Common Stock
QTNA
|
+$4.48M |
| 3 |
GLUU
Glu Mobile Inc.
GLUU
|
+$3.49M |
| 4 |
Apple
AAPL
|
+$3.28M |
| 5 |
Monolithic Power Systems
MPWR
|
+$2.75M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WIRE
Encore Wire Corp
WIRE
|
+$3.4M |
| 2 |
Upland Software
UPLD
|
+$2.98M |
| 3 |
Barrett Business Services
BBSI
|
+$2.5M |
| 4 |
Match Group
MTCH
|
+$2.22M |
| 5 |
AQ
Aquantia Corp. Common Stock
AQ
|
+$2.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.18% |
| 2 | Energy | 7.02% |
| 3 | Communication Services | 4.92% |
| 4 | Healthcare | 4.72% |
| 5 | Consumer Discretionary | 4.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$466B
| $34.3M | 10.29% |
200,000
-50,000
| -20% | -$8.38M |
|
2
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $25.5M | 7.65% |
+300,000
| New | +$25.7M |
|
3
CALL
iShares 7-10 Year Treasury Bond ETF
IEF
$47.1B
| $20.5M | 6.14% |
+200,000
| New | +$20.4M |
|
4
Enterprise Products Partners
EPD
$82.6B
| $20.4M | 6.11% |
737,600
| – | – |
|
|
5
Align Technology
ALGN
$12.7B
| $13.7M | 4.1% |
40,000
+20,000
| +100% | +$5.97M |
|
|
GLUU
6
DELISTED
Glu Mobile Inc.
GLUU
| $12.6M | 3.79% |
1,971,143
+671,143
| +52% | +$3.49M |
|
|
7
PUT
Align Technology
ALGN
$12.7B
| $12M | 3.59% |
35,000
+15,000
| +75% | +$4.47M |
|
8
Amazon
AMZN
$2.66T
| $11M | 3.31% |
130,000
+30,000
| +30% | +$2.38M |
|
|
BFYT
9
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $9.71M | 2.91% |
300,000
+47,300
| +19% | +$1.44M |
|
|
10
PUT
Amazon
AMZN
$2.66T
| $8.16M | 2.44% |
96,000
-4,000
| -4% | -$317K |
|
11
Tyler Technologies
TYL
$13.1B
| $6.66M | 2% |
30,000
-3,300
| -10% | -$742K |
|
|
12
Apple
AAPL
$4.9T
| $6.29M | 1.89% |
136,000
+72,400
| +114% | +$3.28M |
|
|
13
PUT
Apple
AAPL
$4.9T
| $6.29M | 1.89% |
136,000
+76,000
| +127% | +$3.45M |
|
14
Netflix
NFLX
$290B
| $5.87M | 1.76% |
150,000
-10,000
| -6% | -$341K |
|
15
ServiceNow
NOW
$106B
| $5.86M | 1.76% |
170,000
| – | – |
|
|
16
PUT
ServiceNow
NOW
$106B
| $5.86M | 1.76% |
170,000
+20,000
| +13% | +$693K |
|
17
Alphabet (Google) Class C
GOOG
$4.22T
| $5.58M | 1.67% |
100,000
+40,000
| +67% | +$2.16M |
|
|
18
PUT
Alphabet (Google) Class C
GOOG
$4.22T
| $5.58M | 1.67% |
100,000
+60,000
| +150% | +$3.24M |
|
19
Adobe
ADBE
$94.3B
| $4.88M | 1.46% |
20,000
+900
| +5% | +$213K |
|
|
20
PUT
Adobe
ADBE
$94.3B
| $4.88M | 1.46% |
+20,000
| New | +$4.73M |
|
|
QTNA
21
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $4.66M | 1.4% |
+300,000
| New | +$4.48M |
|
|
22
PUT
Tyler Technologies
TYL
$13.1B
| $4.44M | 1.33% |
+20,000
| New | +$4.5M |
|
23
Microsoft
MSFT
$2.93T
| $4.44M | 1.33% |
45,000
| – | – |
|
24
Lesaka Technologies
LSAK
$409M
| $4.36M | 1.31% |
480,000
-70,000
| -13% | -$647K |
|
25
ON Semiconductor
ON
$34B
| $3.78M | 1.13% |
170,000
-50,000
| -23% | -$1.21M |
|
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Precept Management's Q2 2018 Portfolio in Review
As of Q2 2018, Precept Management held 101 positions worth $334M, up 39% from $240M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Precept Management deployed $74.8M of net new capital in Q2 2018, opening 32 new positions and adding to 16 existing holdings. Its largest new stake was Quantenna Communications, Inc. Common Stock: 300,000 shares worth $4.66M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 27% a quarter earlier, followed by Energy and Communication Services.
On the sell side, the largest reduction was Upland Software, an estimated $2.98M trimmed.
- Precept Management's largest Q2 2018 buy was Quantenna Communications, Inc. Common Stock: 300,000 shares worth $4.66M.
- Precept Management added most to Align Technology in Q2 2018, an estimated $5.97M increase.
- Precept Management's biggest Q2 2018 reduction was Upland Software, cutting an estimated $2.98M.
- Precept Management fully exited Encore Wire Corp in Q2 2018, selling an estimated $3.4M.
- Precept Management's ten largest holdings make up 50% of its $334M portfolio in Q2 2018.
- Precept Management opened 32 new positions and closed 24 in Q2 2018.
- Precept Management's portfolio value rose 39% quarter-over-quarter to $334M.
Based on Precept Management's 13F filing for Q2 2018, filed 14 Aug 2018.