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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
+27.33%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$222M
AUM Growth
-$34.4M
(-13%)
Cap. Flow
-$71.7M
Cap. Flow
% of AUM
-32.31%
Top 10 Holdings %
Top 10 Hldgs %
50.78%
Holding
63
New
26
Increased
9
Reduced
11
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$6.46M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$5.93M |
| 3 |
ServiceNow
NOW
|
+$4.84M |
| 4 |
Fidelity National Information Services
FIS
|
+$3.06M |
| 5 |
Zscaler
ZS
|
+$2.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GLUU
Glu Mobile Inc.
GLUU
|
+$2.36M |
| 2 |
QTNA
Quantenna Communications, Inc. Common Stock
QTNA
|
+$2.3M |
| 3 |
Dropbox
DBX
|
+$1.91M |
| 4 |
WWE
World Wrestling Entertainment
WWE
|
+$1.9M |
| 5 |
Microsoft
MSFT
|
+$1.31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.35% |
| 2 | Energy | 12.51% |
| 3 | Consumer Discretionary | 7.61% |
| 4 | Financials | 5.75% |
| 5 | Consumer Staples | 2.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$82.6B
| $21.5M | 9.67% |
737,600
| – | – |
|
|
GLUU
2
DELISTED
Glu Mobile Inc.
GLUU
| $16.4M | 7.4% |
1,501,000
-251,000
| -14% | -$2.36M |
|
|
3
PUT
ServiceNow
NOW
$106B
| $14.8M | 6.67% |
300,000
-100,000
| -25% | -$4.4M |
|
|
4
ServiceNow
NOW
$106B
| $14.3M | 6.44% |
290,000
+110,000
| +61% | +$4.84M |
|
5
Amazon
AMZN
$2.66T
| $8.9M | 4.01% |
100,000
| – | – |
|
6
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $8.65M | 3.9% |
100,000
-500,000
| -83% | -$42.5M |
|
|
7
Zscaler
ZS
$24.2B
| $7.84M | 3.54% |
110,600
+50,600
| +84% | +$2.69M |
|
8
Upland Software
UPLD
$15.8M
| $7.41M | 3.34% |
17,500
-1,500
| -8% | -$510K |
|
|
9
iShares Russell 2000 ETF
IWM
$82.2B
| $6.58M | 2.97% |
+43,000
| New | +$6.46M |
|
|
10
Invesco QQQ Trust
QQQ
$466B
| $6.3M | 2.84% |
35,050
+34,950
| +34,950% | +$5.93M |
|
11
USA Compression Partners
USAC
$3.78B
| $6.29M | 2.84% |
403,000
+153,000
| +61% | +$2.33M |
|
|
12
Microsoft
MSFT
$2.93T
| $6.25M | 2.82% |
53,000
-12,000
| -18% | -$1.31M |
|
13
Tyler Technologies
TYL
$13.1B
| $6.13M | 2.76% |
30,000
| – | – |
|
|
14
PUT
Tyler Technologies
TYL
$13.1B
| $6.13M | 2.76% |
+30,000
| New | +$5.94M |
|
|
15
PUT
Zscaler
ZS
$24.2B
| $5.67M | 2.56% |
+80,000
| New | +$4.25M |
|
|
BFYT
16
PUT
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $5.36M | 2.42% |
200,000
-50,000
| -20% | -$1.77M |
|
|
17
Fidelity National Information Services
FIS
$21.7B
| $4.52M | 2.04% |
40,000
+28,700
| +254% | +$3.06M |
|
|
BFYT
18
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $4.21M | 1.9% |
157,000
-35,000
| -18% | -$1.24M |
|
|
19
Dropbox
DBX
$7.14B
| $3.71M | 1.67% |
170,000
-82,000
| -33% | -$1.91M |
|
|
20
PUT
Dropbox
DBX
$7.14B
| $3.27M | 1.47% |
+150,000
| New | +$3.49M |
|
21
Ulta Beauty
ULTA
$20.6B
| $3.14M | 1.41% |
9,000
+4,200
| +88% | +$1.27M |
|
|
22
PUT
Ulta Beauty
ULTA
$20.6B
| $3.14M | 1.41% |
+9,000
| New | +$2.72M |
|
23
PUT
Grand Canyon Education
LOPE
$3.72B
| $2.98M | 1.34% |
26,000
+11,000
| +73% | +$1.13M |
|
24
Charles River Laboratories
CRL
$10.8B
| $2.9M | 1.31% |
+20,000
| New | +$2.63M |
|
|
25
PUT
Charles River Laboratories
CRL
$10.8B
| $2.9M | 1.31% |
+20,000
| New | +$2.63M |
|
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Precept Management's Q1 2019 Portfolio in Review
As of Q1 2019, Precept Management held 63 positions worth $222M, down 13% from $256M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Precept Management withdrew a net $71.7M in Q1 2019, closing 11 positions and reducing 11 holdings. Its most notable exit was Quantenna Communications, Inc. Common Stock, an estimated $2.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 20% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Precept Management opened a new position in iShares Russell 2000 ETF worth $6.58M.
- Precept Management's largest Q1 2019 buy was iShares Russell 2000 ETF: 43,000 shares worth $6.58M.
- Precept Management added most to Invesco QQQ Trust in Q1 2019, an estimated $5.93M increase.
- Precept Management's biggest Q1 2019 reduction was Glu Mobile Inc., cutting an estimated $2.36M.
- Precept Management fully exited Quantenna Communications, Inc. Common Stock in Q1 2019, selling an estimated $2.3M.
- Precept Management's ten largest holdings make up 51% of its $222M portfolio in Q1 2019.
- Precept Management opened 26 new positions and closed 11 in Q1 2019.
- Precept Management's portfolio value fell 13% quarter-over-quarter to $222M.
Based on Precept Management's 13F filing for Q1 2019, filed 15 May 2019.