Managers / Q3 2023
PRECEPT MANAGEMENT LLC
CIK 0001135631 · 200 CRESCENT COURT, SUITE 1450, DALLAS, TX, 75201 · 214-880-7444
Summary
Precept Management LLC reported $126M in U.S.-listed holdings across 28 positions for Q3 2023.
Its largest position, QQQ, represents 8.3% of the portfolio.
Compared with Q2 2023, the fund opened 6 new positions and exited 8.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 74.8% · $94M
- Common Stock · 25.1% · $32M
- Other · 0.1% · $146,330
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| KRANESHARES TR | NEW | +200.0K | 200.0K | +$5M | $5M |
| MSOSADVISORSHARES TR | NEW | +300.0K | 300.0K | +$2M | $2M |
| SYNCHRONOSS TECHNOLOGIES INC | NEW | +35.0K | 35.0K | +$644,000 | $644,000 |
| CTGOCONTANGO ORE INC | NEW | +25.0K | 25.0K | +$453,500 | $453,500 |
| RILYB. RILEY FINANCIAL INC | NEW | +5.0K | 5.0K | +$204,950 | $204,950 |
| LILIUM N V | NEW | +100.0K | 100.0K | +$71,330 | $71,330 |
| SPYSPDR S&P 500 ETF TR | ADDED | +80.0K | 100.0K | +$34M | $43M |
| APLDAPPLIED DIGITAL CORP | ADDED | +80.0K | 100.0K | +$437,000 | $624,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 8.27% | $10M | 29.0K |
| 2 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 6.80% | $9M | 20.0K |
| 3 | IWMISHARES TRhistory → | RUSSELL 2000 ETF | 6.34% | $8M | 45.1K |
| 4 | AMZNAMAZON COM INChistory → | COM | 3.24% | $4M | 32.0K |
| 5 | MSFTMICROSOFT CORPhistory → | COM | 2.36% | $3M | 9.4K |
| 6 | AMDADVANCED MICRO DEVICES INChistory → | COM | 1.64% | $2M | 20.0K |
| 7 | NVDANVIDIA CORPORATIONhistory → | COM | 1.04% | $1M | 3.0K |
| 8 | RAMPLIVERAMP HLDGS INC | COM | 0.57% | $721,000 | 25.0K |
| 9 | PROPROS HOLDINGS INC | COM | 0.55% | $692,400 | 20.0K |
| 10 | SYNCHRONOSS TECHNOLOGIES INC | COM | 0.51% | $644,000 | 35.0K |
| 11 | APLDAPPLIED DIGITAL CORP | COM NEW | 0.50% | $624,000 | 100.0K |
| 12 | ACMRACM RESH INC | COM CL A | 0.43% | $543,150 | 30.0K |
| 13 | CTGOCONTANGO ORE INC | COM | 0.36% | $453,500 | 25.0K |
| 14 | NVGSNAVIGATOR HLDGS LTD | SHS | 0.35% | $443,100 | 30.0K |
| 15 | VOXRVOX ROYALTY CORP | COM | 0.33% | $414,100 | 205.0K |
| 16 | SGMLSIGMA LITHIUM CORPORATION | COM | 0.26% | $324,400 | 10.0K |
| 17 | BTMDBIOTE CORP | CLASS A COM | 0.20% | $256,000 | 50.0K |
| 18 | GDYNGRID DYNAMICS HLDGS INC | CL A | 0.20% | $246,036 | 20.2K |
| 19 | RILYB. RILEY FINANCIAL INC | COM | 0.16% | $204,950 | 5.0K |
| 20 | EVLVEVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 0.10% | $121,500 | 25.0K |
| 21 | AZITRA INC | COM | 0.06% | $75,000 | 50.0K |
| 22 | LILIUM N V | CLASS A ORD SHS | 0.06% | $71,330 | 100.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2023 | $126M | 28 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $74M | 27 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $82M | 26 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $34M | 14 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $14M | 22 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $45M | 24 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $95M | 46 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $254M | 55 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $214M | 82 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $238M | 72 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $147M | 48 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $247M | 52 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $408M | 66 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $523M | 89 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $807M | 125 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $208M | 64 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $166M | 54 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $319M | 70 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $222M | 52 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $256M | 37 | Feb 14, 2019 | 13F-HR | changes · EDGAR ↗ |
Other Included Managers
This filing reports holdings on behalf of 1 additional manager.
- Precept Capital Management, L.P.028-17846
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.