SEC 13F Intelligence

Managers / Q1 2019 · view latest →

PRECEPT MANAGEMENT LLC

CIK 0001135631 · 200 CRESCENT COURT, SUITE 1450, DALLAS, TX, 75201 · 214-880-7444

Reported Value
$222M
Q1 2019
Positions
52
Filings on Record
20
2019–present window
Filed
May 15, 2019
original filing

Summary

Precept Management LLC reported $222M in U.S.-listed holdings across 52 positions for Q1 2019.

Its largest position, EPD, represents 9.7% of the portfolio.

Compared with Q4 2018, the fund opened 18 new positions and exited 6.

Portfolio Metrics

Turnover
+38.6%
vs prior filed quarter
Top-10 Concentration
+45.9%
share of reported value
Largest Position
+9.7%
Enterprise Prods Partners L
New / Exited
18 / 6
positions this quarter

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

13F Reported Value
Q4 ’18: $256MQ4 ’18Q1 ’19: $222MQ2 ’19: $319MQ3 ’19: $166MQ3 ’19Q4 ’19: $208MQ1 ’20: $807MQ2 ’20: $523MQ2 ’20Q3 ’20: $408MQ4 ’20: $247MQ1 ’21: $147MQ1 ’21Q2 ’21: $238MQ3 ’21: $214MQ4 ’21: $254MQ4 ’21Q1 ’22: $95MQ2 ’22: $45MQ3 ’22: $14MQ3 ’22Q4 ’22: $34MQ1 ’23: $82MQ2 ’23: $74MQ2 ’23Q3 ’23: $126Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.3%MLP: 12.5%ETP: 9.7%Other: 5.4%
  • Common Stock · 72.3% · $161M
  • MLP · 12.5% · $28M
  • ETP · 9.7% · $22M
  • Other · 5.4% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
IWMISHARES TRNEW+43.0K43.0K+$7M$7M
CHARLES RIV LABS INTL INCNEW+40.0K40.0K+$6M$6M
DRIDARDEN RESTAURANTS INCNEW+40.0K40.0K+$5M$5M
PAYCPAYCOM SOFTWARE INCNEW+20.0K20.0K+$4M$4M
GSGOLDMAN SACHS GROUP INCNEW+13.0K13.0K+$2M$2M
VVISA INCNEW+13.0K13.0K+$2M$2M
CYRXCRYOPORT INCNEW+121.8K121.8K+$2M$2M
MAMASTERCARD INCNEW+6.0K6.0K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

38 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPDENTERPRISE PRODS PARTNERS Lhistory →COM9.67%$21M737.6K
2GLUUGLU MOBILE INChistory →COM7.40%$16M1.50M
3NOWSERVICENOW INChistory →COM6.44%$14M58.0K
4AMZNAMAZON COM INChistory →COM4.01%$9M5.0K
5ZSZSCALER INChistory →COM3.54%$8M110.6K
6UPLAND SOFTWARE INCCOM3.34%$7M175.0K
7IWMISHARES TRhistory →RUSSELL 2000 ETF2.97%$7M43.0K
8QQQINVESCO QQQ TRhistory →UNIT SER 12.84%$6M35.0K
9USACUSA COMPRESSION PARTNERS LPhistory →COMUNIT LTDPAR2.84%$6M403.0K
10MSFTMICROSOFT CORPhistory →COM2.82%$6M53.0K
11TYLTYLER TECHNOLOGIES INChistory →COM2.76%$6M30.0K
12FISFIDELITY NATL INFORMATION SVhistory →COM2.04%$5M40.0K
13HEALTH INS INNOVATIONS INCCOM CL A1.90%$4M157.0K
14DBXDROPBOX INChistory →CL A1.67%$4M170.0K
15ULTAULTA BEAUTY INChistory →COM1.41%$3M9.0K
16CHARLES RIV LABS INTL INCCOM1.31%$3M20.0K
17GSGOLDMAN SACHS GROUP INChistory →COM1.13%$2M13.0K
18DRIDARDEN RESTAURANTS INChistory →COM1.09%$2M20.0K
19LOPEGRAND CANYON ED INChistory →COM1.08%$2M21.0K
20TPBTURNING PT BRANDS INChistory →COM1.08%$2M52.0K
21VVISA INCCOM CL A0.92%$2M13.0K
22PAYCPAYCOM SOFTWARE INCCOM0.85%$2M10.0K
23FISVFISERV INCCOM0.85%$2M21.3K
24CYRXCRYOPORT INCCOM PAR $0.0010.71%$2M121.8K
25MAMASTERCARD INCCL A0.64%$1M6.0K
26GDOTGREEN DOT CORPCL A0.63%$1M23.0K
27AMDADVANCED MICRO DEVICES INCCOM0.62%$1M54.0K
28ADBEADOBE INCCOM0.60%$1M5.0K
29EEFTEURONET WORLDWIDE INCCOM0.58%$1M9.0K
30PCMIPCM INCCOM0.58%$1M35.0K
31OKTAOKTA INCCL A0.56%$1M15.0K
32THGHANOVER INS GROUP INCCOM0.55%$1M10.7K
33BARCLAYS BK PLCIPATH B SHRT TRM0.53%$1M40.0K
34RUMBLEON INCCL B0.51%$1M230.4K
35STANDARD DIVERSIFIED INCCOM CL A0.45%$997,00052.0K
36CARDTRONICS PLCSHS CL A0.32%$712,00020.0K
37VCELVERICEL CORPCOM0.29%$637,00036.4K
38MIMECAST LTDORD SHS0.28%$616,00013.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2023$126M28Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$74M27Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$82M26May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$34M14Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$14M22Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$45M24Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$95M46May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$254M55Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$214M82Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$238M72Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$147M48May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$247M52Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$408M66Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$523M89Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$807M125May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$208M64Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$166M54Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$319M70Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$222M52May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$256M37Feb 14, 201913F-HRchanges · 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 ↗.