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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
+37.67%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$523M
AUM Growth
-$284M
(-35%)
Cap. Flow
-$397M
Cap. Flow
% of AUM
-75.92%
Top 10 Holdings %
Top 10 Hldgs %
40.61%
Holding
150
New
25
Increased
18
Reduced
22
Closed
61
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$12.7M |
| 2 |
Charles River Laboratories
CRL
|
+$12M |
| 3 |
HEICO Corp
HEI
|
+$6.46M |
| 4 |
FIVE9
FIVN
|
+$5.84M |
| 5 |
ServiceNow
NOW
|
+$3.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Okta
OKTA
|
+$4.92M |
| 2 |
EGIO
Edgio, Inc. Common Stock
EGIO
|
+$3.71M |
| 3 |
Advanced Micro Devices
AMD
|
+$2.65M |
| 4 |
Frontline
FRO
|
+$2.31M |
| 5 |
CMBT
CMB.TECH NV
CMBT
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 12.98% |
| 2 | Healthcare | 5.44% |
| 3 | Consumer Discretionary | 3.75% |
| 4 | Energy | 2.64% |
| 5 | Industrials | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Invesco QQQ Trust
QQQ
$466B
| $37.1M | 7.1% |
150,000
-100,000
| -40% | -$22.4M |
|
|
2
PUT
Invesco QQQ Trust
QQQ
$466B
| $37.1M | 7.1% |
150,000
-500,000
| -77% | -$112M |
|
|
3
CALL
iShares Russell 2000 ETF
IWM
$82.2B
| $21.5M | 4.11% |
+150,000
| New | +$19.7M |
|
|
4
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $21.5M | 4.11% |
150,000
-150,000
| -50% | -$19.7M |
|
5
CALL
JPMorgan Chase
JPM
$907B
| $18.8M | 3.6% |
+200,000
| New | +$19M |
|
6
CALL
Apple
AAPL
$4.9T
| $18.2M | 3.49% |
+200,000
| New | +$15.5M |
|
7
CALL
Steris
STE
$21.2B
| $15.3M | 2.93% |
100,000
+50,000
| +100% | +$7.62M |
|
|
8
ServiceNow
NOW
$106B
| $15M | 2.87% |
185,000
+50,000
| +37% | +$3.53M |
|
|
9
iShares Russell 2000 ETF
IWM
$82.2B
| $13.9M | 2.66% |
+97,000
| New | +$12.7M |
|
10
Amazon
AMZN
$2.66T
| $13.8M | 2.64% |
100,000
| – | – |
|
|
11
Charles River Laboratories
CRL
$10.8B
| $13.5M | 2.58% |
77,300
+75,000
| +3,261% | +$12M |
|
12
Enterprise Products Partners
EPD
$82.6B
| $13.4M | 2.56% |
737,600
| – | – |
|
|
13
PUT
Charles River Laboratories
CRL
$10.8B
| $13.1M | 2.5% |
+75,000
| New | +$12M |
|
14
CALL
Walker & Dunlop
WD
$1.72B
| $12.2M | 2.33% |
+240,000
| New | +$9.81M |
|
|
15
PUT
ServiceNow
NOW
$106B
| $12.2M | 2.32% |
+150,000
| New | +$10.6M |
|
16
Microsoft
MSFT
$2.93T
| $10.8M | 2.06% |
53,000
| – | – |
|
|
17
CALL
Advanced Micro Devices
AMD
$808B
| $10.5M | 2.01% |
200,000
-100,000
| -33% | -$5.3M |
|
|
18
CALL
Okta
OKTA
$26B
| $10M | 1.92% |
+50,000
| New | +$8.49M |
|
|
19
PUT
HEICO Corp
HEI
$47.9B
| $9.96M | 1.91% |
+100,000
| New | +$9.23M |
|
20
CALL
Salesforce
CRM
$140B
| $9.37M | 1.79% |
50,000
+5,000
| +11% | +$842K |
|
21
CALL
RTX Corp
RTX
$261B
| $9.24M | 1.77% |
150,000
+118,220
| +372% | +$7.38M |
|
22
CALL
Mastercard
MA
$480B
| $8.87M | 1.7% |
30,000
-20,000
| -40% | -$5.64M |
|
|
GLUU
23
CALL
DELISTED
Glu Mobile Inc.
GLUU
| $8.81M | 1.68% |
+950,000
| New | +$8.08M |
|
24
CALL
Bank of America
BAC
$430B
| $8.31M | 1.59% |
+350,000
| New | +$8.27M |
|
|
25
PUT
FIVE9
FIVN
$1.96B
| $8.3M | 1.59% |
+75,000
| New | +$7.3M |
|
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Precept Management's Q2 2020 Portfolio in Review
As of Q2 2020, Precept Management held 150 positions worth $523M, down 35% from $807M the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Precept Management withdrew a net $397M in Q2 2020, closing 61 positions and reducing 22 holdings. Its most notable exit was Edgio, Inc. Common Stock, an estimated $3.71M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 6.1% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Precept Management opened a new position in iShares Russell 2000 ETF worth $13.9M.
- Precept Management's largest Q2 2020 buy was iShares Russell 2000 ETF: 97,000 shares worth $13.9M.
- Precept Management added most to Charles River Laboratories in Q2 2020, an estimated $12M increase.
- Precept Management's biggest Q2 2020 reduction was Okta, cutting an estimated $4.92M.
- Precept Management fully exited Edgio, Inc. Common Stock in Q2 2020, selling an estimated $3.71M.
- Precept Management's ten largest holdings make up 41% of its $523M portfolio in Q2 2020.
- Precept Management opened 25 new positions and closed 61 in Q2 2020.
- Precept Management's portfolio value fell 35% quarter-over-quarter to $523M.
Based on Precept Management's 13F filing for Q2 2020, filed 14 Aug 2020.