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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
+21.19%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$408M
AUM Growth
-$115M
(-22%)
Cap. Flow
-$163M
Cap. Flow
% of AUM
-40.08%
Top 10 Holdings %
Top 10 Hldgs %
49.22%
Holding
106
New
17
Increased
12
Reduced
14
Closed
40
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Salesforce
CRM
|
+$21.9M |
| 2 |
STMP
Stamps.com, Inc.
STMP
|
+$4.53M |
| 3 |
Generac Holdings
GNRC
|
+$3.95M |
| 4 |
FISV
Fiserv Inc
FISV
|
+$3.88M |
| 5 |
Upland Software
UPLD
|
+$1.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Russell 2000 ETF
IWM
|
+$14.6M |
| 2 |
Paycom
PAYC
|
+$3.1M |
| 3 |
FIVE9
FIVN
|
+$2.65M |
| 4 |
Smith & Wesson
SWBI
|
+$2.51M |
| 5 |
Dropbox
DBX
|
+$1.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.45% |
| 2 | Healthcare | 7.28% |
| 3 | Consumer Discretionary | 6.17% |
| 4 | Industrials | 3.73% |
| 5 | Energy | 3.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Salesforce
CRM
$140B
| $25.4M | 6.23% |
101,000
+100,000
| +10,000% | +$21.9M |
|
|
2
CALL
Salesforce
CRM
$140B
| $25.1M | 6.17% |
100,000
+50,000
| +100% | +$10.9M |
|
3
CALL
Charles River Laboratories
CRL
$10.8B
| $22.6M | 5.56% |
+100,000
| New | +$20.8M |
|
|
4
PUT
Salesforce
CRM
$140B
| $22.6M | 5.55% |
+90,000
| New | +$19.7M |
|
|
5
Charles River Laboratories
CRL
$10.8B
| $19.2M | 4.72% |
85,000
+7,700
| +10% | +$1.6M |
|
6
PUT
Invesco QQQ Trust
QQQ
$466B
| $18.1M | 4.43% |
65,000
-85,000
| -57% | -$23.1M |
|
7
ServiceNow
NOW
$106B
| $17.9M | 4.4% |
185,000
| – | – |
|
|
8
PUT
ServiceNow
NOW
$106B
| $17.9M | 4.4% |
185,000
+35,000
| +23% | +$3.13M |
|
|
9
PUT
Charles River Laboratories
CRL
$10.8B
| $15.9M | 3.89% |
70,000
-5,000
| -7% | -$1.04M |
|
10
Amazon
AMZN
$2.66T
| $15.7M | 3.86% |
100,000
| – | – |
|
|
11
PUT
Amazon
AMZN
$2.66T
| $15.7M | 3.86% |
100,000
+50,000
| +100% | +$7.88M |
|
12
CALL
Advanced Micro Devices
AMD
$808B
| $12.3M | 3.02% |
150,000
-50,000
| -25% | -$3.71M |
|
13
Enterprise Products Partners
EPD
$82.6B
| $11.6M | 2.86% |
737,600
| – | – |
|
14
Microsoft
MSFT
$2.93T
| $11.1M | 2.74% |
53,000
| – | – |
|
|
15
PUT
iShares Russell 2000 ETF
IWM
$82.2B
| $10.5M | 2.57% |
70,000
-80,000
| -53% | -$12M |
|
|
16
Advanced Micro Devices
AMD
$808B
| $8.2M | 2.01% |
100,000
| – | – |
|
|
SCPL
17
CALL
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $8.11M | 1.99% |
500,000
+220,000
| +79% | +$3.2M |
|
|
18
Upland Software
UPLD
$15.8M
| $8.08M | 1.98% |
21,425
+5,000
| +30% | +$1.8M |
|
19
HEICO Corp
HEI
$47.9B
| $7.39M | 1.81% |
70,600
-400
| -0.6% | -$41.3K |
|
20
Tyler Technologies
TYL
$13.1B
| $6.8M | 1.67% |
19,500
| – | – |
|
|
21
FIVE9
FIVN
$1.96B
| $6.48M | 1.59% |
50,000
-22,000
| -31% | -$2.65M |
|
|
22
CALL
Microsoft
MSFT
$2.93T
| $6.31M | 1.55% |
+30,000
| New | +$6.3M |
|
|
23
PUT
Microsoft
MSFT
$2.93T
| $6.31M | 1.55% |
+30,000
| New | +$6.3M |
|
|
GLUU
24
CALL
DELISTED
Glu Mobile Inc.
GLUU
| $4.99M | 1.22% |
650,000
-300,000
| -32% | -$2.52M |
|
|
STMP
25
DELISTED
Stamps.com, Inc.
STMP
| $4.82M | 1.18% |
20,000
+19,000
| +1,900% | +$4.53M |
|
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Precept Management's Q3 2020 Portfolio in Review
As of Q3 2020, Precept Management held 106 positions worth $408M, down 22% from $523M the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Precept Management withdrew a net $163M in Q3 2020, closing 40 positions and reducing 14 holdings. Its most notable exit was iShares Russell 2000 ETF, an estimated $14.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 13% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Precept Management opened a new position in Generac Holdings worth $4.65M.
- Precept Management's largest Q3 2020 buy was Generac Holdings: 24,000 shares worth $4.65M.
- Precept Management added most to Salesforce in Q3 2020, an estimated $21.9M increase.
- Precept Management's biggest Q3 2020 reduction was FIVE9, cutting an estimated $2.65M.
- Precept Management fully exited iShares Russell 2000 ETF in Q3 2020, selling an estimated $14.6M.
- Precept Management's ten largest holdings make up 49% of its $408M portfolio in Q3 2020.
- Precept Management opened 17 new positions and closed 40 in Q3 2020.
- Precept Management's portfolio value fell 22% quarter-over-quarter to $408M.
Based on Precept Management's 13F filing for Q3 2020, filed 16 Nov 2020.