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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
-1.42%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$166M
AUM Growth
-$153M
(-48%)
Cap. Flow
-$147M
Cap. Flow
% of AUM
-88.25%
Top 10 Holdings %
Top 10 Hldgs %
52.51%
Holding
88
New
18
Increased
5
Reduced
11
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$3.48M |
| 2 |
Visa
V
|
+$3.38M |
| 3 |
Invesco QQQ Trust
QQQ
|
+$3.03M |
| 4 |
CoreCivic
CXW
|
+$3.02M |
| 5 |
Abbott
ABT
|
+$1.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
USA Compression Partners
USAC
|
+$7.16M |
| 2 |
Zscaler
ZS
|
+$4.72M |
| 3 |
Advanced Micro Devices
AMD
|
+$4.59M |
| 4 |
Diamondback Energy
FANG
|
+$4.14M |
| 5 |
Adobe
ADBE
|
+$4.13M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.08% |
| 2 | Energy | 14.02% |
| 3 | Consumer Discretionary | 8.9% |
| 4 | Financials | 8.65% |
| 5 | Industrials | 5.35% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Enterprise Products Partners
EPD
$82.6B
| $21.1M | 12.67% |
737,600
| – | – |
|
2
PUT
ServiceNow
NOW
$106B
| $8.88M | 5.34% |
+175,000
| New | +$9.52M |
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.9B
| $8.72M | 5.24% |
100,000
-500,000
| -83% | -$43.4M |
|
4
Amazon
AMZN
$2.66T
| $8.68M | 5.22% |
100,000
| – | – |
|
5
Tyler Technologies
TYL
$13.1B
| $7.88M | 4.73% |
30,000
| – | – |
|
|
6
ServiceNow
NOW
$106B
| $7.57M | 4.55% |
149,000
-1,000
| -0.7% | -$54.4K |
|
7
Microsoft
MSFT
$2.93T
| $7.37M | 4.43% |
53,000
| – | – |
|
8
PUT
Fidelity National Information Services
FIS
$21.7B
| $6.37M | 3.83% |
48,000
| – | – |
|
|
9
Visa
V
$682B
| $5.5M | 3.31% |
32,000
+19,000
| +146% | +$3.38M |
|
|
10
Fidelity National Information Services
FIS
$21.7B
| $5.31M | 3.19% |
40,000
| – | – |
|
11
Upland Software
UPLD
$15.8M
| $4.95M | 2.98% |
14,200
| – | – |
|
|
12
CALL
Upland Software
UPLD
$15.8M
| $3.49M | 2.1% |
10,000
| – | – |
|
|
13
CALL
Microsoft
MSFT
$2.93T
| $3.48M | 2.09% |
+25,000
| New | +$3.44M |
|
|
14
State Street Energy Select Sector SPDR ETF
XLE
$38.2B
| $3.4M | 2.05% |
+115,000
| New | +$3.48M |
|
|
FISV
15
PUT
Fiserv Inc
FISV
$27B
| $3.11M | 1.87% |
+30,000
| New | +$3.06M |
|
|
16
Invesco QQQ Trust
QQQ
$466B
| $3.02M | 1.82% |
+16,000
| New | +$3.03M |
|
17
Charles River Laboratories
CRL
$10.8B
| $2.98M | 1.79% |
22,500
| – | – |
|
|
18
CoreCivic
CXW
$3.03B
| $2.97M | 1.79% |
+172,000
| New | +$3.02M |
|
19
Goldman Sachs
GS
$314B
| $2.69M | 1.62% |
13,000
| – | – |
|
|
FISV
20
Fiserv Inc
FISV
$27B
| $2.59M | 1.56% |
25,000
| – | – |
|
21
Mastercard
MA
$480B
| $2.58M | 1.55% |
9,500
+3,500
| +58% | +$965K |
|
|
GLUU
22
DELISTED
Glu Mobile Inc.
GLUU
| $2.54M | 1.53% |
509,000
-289,774
| -36% | -$1.66M |
|
23
PUT
Grand Canyon Education
LOPE
$3.72B
| $2.46M | 1.48% |
25,000
+9,000
| +56% | +$1.07M |
|
24
Darden Restaurants
DRI
$22.7B
| $2.36M | 1.42% |
20,000
| – | – |
|
25
Kosmos Energy
KOS
$1.33B
| $2.25M | 1.35% |
360,000
-40,000
| -10% | -$246K |
|
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Precept Management's Q3 2019 Portfolio in Review
As of Q3 2019, Precept Management held 88 positions worth $166M, down 48% from $319M the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Precept Management withdrew a net $147M in Q3 2019, closing 34 positions and reducing 11 holdings. Its most notable exit was USA Compression Partners, an estimated $7.16M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, Precept Management opened a new position in State Street Energy Select Sector SPDR ETF worth $3.4M.
- Precept Management's largest Q3 2019 buy was State Street Energy Select Sector SPDR ETF: 115,000 shares worth $3.4M.
- Precept Management added most to Visa in Q3 2019, an estimated $3.38M increase.
- Precept Management's biggest Q3 2019 reduction was Glu Mobile Inc., cutting an estimated $1.66M.
- Precept Management fully exited USA Compression Partners in Q3 2019, selling an estimated $7.16M.
- Precept Management's ten largest holdings make up 53% of its $166M portfolio in Q3 2019.
- Precept Management opened 18 new positions and closed 34 in Q3 2019.
- Precept Management's portfolio value fell 48% quarter-over-quarter to $166M.
Based on Precept Management's 13F filing for Q3 2019, filed 14 Nov 2019.