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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
-14.95%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$256M
AUM Growth
-$96M
(-27%)
Cap. Flow
-$48M
Cap. Flow
% of AUM
-18.74%
Top 10 Holdings %
Top 10 Hldgs %
78.28%
Holding
82
New
13
Increased
5
Reduced
10
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dropbox
DBX
|
+$5.81M |
| 2 |
QTNA
Quantenna Communications, Inc. Common Stock
QTNA
|
+$2.54M |
| 3 |
USA Compression Partners
USAC
|
+$2.41M |
| 4 |
Zscaler
ZS
|
+$2.27M |
| 5 |
WWE
World Wrestling Entertainment
WWE
|
+$1.91M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Align Technology
ALGN
|
+$11.9M |
| 2 |
Adobe
ADBE
|
+$10.8M |
| 3 |
Netflix
NFLX
|
+$6.73M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$5.97M |
| 5 |
Amazon
AMZN
|
+$5.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.09% |
| 2 | Energy | 8.34% |
| 3 | Consumer Discretionary | 3.39% |
| 4 | Financials | 2.49% |
| 5 | Consumer Staples | 1.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $48.7M | 18.99% |
600,000
+250,000
| +71% | +$20.9M |
|
2
CALL
Invesco QQQ Trust
QQQ
$466B
| $38.6M | 15.05% |
+250,000
| New | +$41.8M |
|
|
3
PUT
Invesco QQQ Trust
QQQ
$466B
| $38.6M | 15.05% |
250,000
+150,000
| +150% | +$25.1M |
|
4
Enterprise Products Partners
EPD
$82.6B
| $18.1M | 7.08% |
737,600
| – | – |
|
5
PUT
ServiceNow
NOW
$106B
| $14.2M | 5.56% |
400,000
+325,000
| +433% | +$11.5M |
|
|
GLUU
6
DELISTED
Glu Mobile Inc.
GLUU
| $14.1M | 5.52% |
1,752,000
-148,900
| -8% | -$1.06M |
|
|
7
Amazon
AMZN
$2.66T
| $7.51M | 2.93% |
100,000
-70,000
| -41% | -$5.82M |
|
|
8
PUT
Amazon
AMZN
$2.66T
| $7.51M | 2.93% |
100,000
-82,000
| -45% | -$6.82M |
|
|
BFYT
9
PUT
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $6.68M | 2.61% |
250,000
+80,000
| +47% | +$3.21M |
|
10
Microsoft
MSFT
$2.93T
| $6.6M | 2.58% |
65,000
| – | – |
|
|
11
ServiceNow
NOW
$106B
| $6.41M | 2.5% |
180,000
| – | – |
|
12
Tyler Technologies
TYL
$13.1B
| $5.58M | 2.18% |
30,000
| – | – |
|
13
Upland Software
UPLD
$15.8M
| $5.16M | 2.02% |
19,000
| – | – |
|
|
14
Dropbox
DBX
$7.14B
| $5.15M | 2.01% |
+252,000
| New | +$5.81M |
|
|
BFYT
15
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $5.13M | 2% |
192,000
-58,000
| -23% | -$2.33M |
|
|
16
USA Compression Partners
USAC
$3.78B
| $3.25M | 1.27% |
250,000
+162,000
| +184% | +$2.41M |
|
17
CALL
Lesaka Technologies
LSAK
$409M
| $2.67M | 1.04% |
570,000
-400,000
| -41% | -$2.35M |
|
|
18
Zscaler
ZS
$24.2B
| $2.35M | 0.92% |
+60,000
| New | +$2.27M |
|
|
QTNA
19
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $2.3M | 0.9% |
+160,000
| New | +$2.54M |
|
20
Grand Canyon Education
LOPE
$3.72B
| $2.02M | 0.79% |
21,000
| – | – |
|
|
WWE
21
DELISTED
World Wrestling Entertainment
WWE
| $1.9M | 0.74% |
+25,400
| New | +$1.91M |
|
|
22
PUT
Grand Canyon Education
LOPE
$3.72B
| $1.44M | 0.56% |
+15,000
| New | +$1.74M |
|
|
23
CALL
Upland Software
UPLD
$15.8M
| $1.36M | 0.53% |
5,000
| – | – |
|
24
Hanover Insurance
THG
$7.46B
| $1.25M | 0.49% |
+10,700
| New | +$1.2M |
|
|
FISV
25
Fiserv Inc
FISV
$27B
| $1.22M | 0.48% |
+16,600
| New | +$1.28M |
|
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Precept Management's Q4 2018 Portfolio in Review
As of Q4 2018, Precept Management held 82 positions worth $256M, down 27% from $352M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Precept Management withdrew a net $48M in Q4 2018, closing 45 positions and reducing 10 holdings. Its most notable exit was Align Technology, an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, down from 24% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Precept Management opened a new position in Dropbox worth $5.15M.
- Precept Management's largest Q4 2018 buy was Dropbox: 252,000 shares worth $5.15M.
- Precept Management added most to USA Compression Partners in Q4 2018, an estimated $2.41M increase.
- Precept Management's biggest Q4 2018 reduction was Amazon, cutting an estimated $5.82M.
- Precept Management fully exited Align Technology in Q4 2018, selling an estimated $11.9M.
- Precept Management's ten largest holdings make up 78% of its $256M portfolio in Q4 2018.
- Precept Management opened 13 new positions and closed 45 in Q4 2018.
- Precept Management's portfolio value fell 27% quarter-over-quarter to $256M.
Based on Precept Management's 13F filing for Q4 2018, filed 14 Feb 2019.