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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
+13.18%
1 Year Est. Return
+36.77%
3 Year Est. Return
+110.35%
5 Year Est. Return
+336.28%
10 Year Est. Return
–
AUM
$73.7M
AUM Growth
-$8.02M
(-9.8%)
Cap. Flow
+$2.63M
Cap. Flow
% of AUM
3.56%
Top 10 Holdings %
Top 10 Hldgs %
87.81%
Holding
39
New
13
Increased
3
Reduced
2
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$9.59M |
| 2 |
FRG
Franchise Group, Inc.
FRG
|
+$2.87M |
| 3 |
NVIDIA
NVDA
|
+$996K |
| 4 |
LiveRamp
RAMP
|
+$620K |
| 5 |
VOXR
Vox Royalty Corp
VOXR
|
+$566K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$10.1M |
| 2 |
Tesla
TSLA
|
+$3.53M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$454K |
| 4 |
CTLP
Cantaloupe
CTLP
|
+$399K |
| 5 |
Drilling Tools International
DTI
|
+$125K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 74.46% |
| 2 | Technology | 13.29% |
| 3 | Consumer Discretionary | 5.66% |
| 4 | Industrials | 3.55% |
| 5 | Healthcare | 1.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Advanced Micro Devices
AMD
$780B
| $17.1M | 23.17% |
+150,000
| New | +$15.6M |
|
2
Invesco QQQ Trust
QQQ
$489B
| $10.7M | 14.53% |
29,000
| – | – |
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $8.87M | 12.02% |
20,000
-24,000
| -55% | -$10.1M |
|
4
iShares Russell 2000 ETF
IWM
$81.2B
| $8.45M | 11.45% |
45,100
| – | – |
|
|
ISEE
5
CALL
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $5.11M | 6.94% |
130,000
+30,000
| +30% | +$1.06M |
|
6
Amazon
AMZN
$2.79T
| $4.17M | 5.66% |
32,000
| – | – |
|
|
7
Microsoft
MSFT
$3.71T
| $3.2M | 4.34% |
40,000
+30,600
| +326% | +$9.59M |
|
|
FRG
8
DELISTED
Franchise Group, Inc.
FRG
| $2.46M | 3.34% |
+100,000
| New | +$2.87M |
|
9
CALL
Pacira BioSciences
PCRX
$1.05B
| $2.4M | 3.26% |
60,000
| – | – |
|
|
10
Advanced Micro Devices
AMD
$780B
| $2.28M | 3.09% |
20,000
| – | – |
|
11
PUT
Lumentum
LITE
$79B
| $2.27M | 3.08% |
40,000
-20,000
| -33% | -$999K |
|
|
12
NVIDIA
NVDA
$5.56T
| $1.27M | 1.72% |
+30,000
| New | +$996K |
|
|
13
LiveRamp
RAMP
$2.3B
| $714K | 0.97% |
+25,000
| New | +$620K |
|
|
PRO
14
DELISTED
PROS Holdings
PRO
| $616K | 0.84% |
+20,000
| New | +$562K |
|
|
VOXR
15
Vox Royalty Corp
VOXR
$400M
| $496K | 0.67% |
+205,000
| New | +$566K |
|
16
indie Semiconductor
INDI
$761M
| $470K | 0.64% |
+50,000
| New | +$451K |
|
17
Biomea Fusion
BMEA
$147M
| $439K | 0.6% |
20,000
| – | – |
|
18
Beam Global
BEEM
$31.3M
| $414K | 0.56% |
+40,000
| New | +$438K |
|
19
Sigma Lithium
SGML
$1.44B
| $403K | 0.55% |
+10,000
| New | +$381K |
|
20
ACM Research
ACMR
$5.18B
| $392K | 0.53% |
30,000
| – | – |
|
21
Navigator Holdings
NVGS
$1.41B
| $390K | 0.53% |
30,000
| – | – |
|
22
Biote Corp
BTMD
$44.3M
| $338K | 0.46% |
50,000
| – | – |
|
23
Applied Digital
APLD
$7.5B
| $187K | 0.25% |
+20,000
| New | +$119K |
|
24
Grid Dynamics Holdings
GDYN
$653M
| $187K | 0.25% |
20,200
+19,500
| +2,786% | +$195K |
|
25
Azitra
AZTR
$10.9M
| $182K | 0.25% |
+250
| New | +$217K |
|
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Precept Management's Q2 2023 Portfolio in Review
As of Q2 2023, Precept Management held 39 positions worth $73.7M, down 9.8% from $81.7M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Precept Management deployed $2.63M of net new capital in Q2 2023, opening 13 new positions and adding to 3 existing holdings. Its largest new stake was Franchise Group, Inc.: 100,000 shares worth $2.46M.
By sector, the portfolio is most concentrated in Miscellaneous at 74% of assets, down from 83% a quarter earlier, followed by Technology and Consumer Discretionary.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $10.1M trimmed.
- Precept Management's largest Q2 2023 buy was Franchise Group, Inc.: 100,000 shares worth $2.46M.
- Precept Management added most to Microsoft in Q2 2023, an estimated $9.59M increase.
- Precept Management's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $10.1M.
- Precept Management fully exited Tesla in Q2 2023, selling an estimated $3.53M.
- Precept Management's ten largest holdings make up 88% of its $73.7M portfolio in Q2 2023.
- Precept Management opened 13 new positions and closed 12 in Q2 2023.
- Precept Management's portfolio value fell 9.8% quarter-over-quarter to $73.7M.
Based on Precept Management's 13F filing for Q2 2023, filed 14 Aug 2023.