SEC 13F Intelligence

Managers / Q3 2019 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$166M
Q3 2019
Positions
54
Filings on Record
20
2019–present window
Filed
Nov 14, 2019
original filing

Summary

Precept Management LLC reported $166M in U.S.-listed holdings across 54 positions for Q3 2019.

Its largest position, EPD, represents 12.7% of the portfolio.

Compared with Q2 2019, the fund opened 13 new positions and exited 26.

Portfolio Metrics

Turnover
+16.7%
vs prior filed quarter
Top-10 Concentration
+44.9%
share of reported value
Largest Position
+12.7%
Enterprise Prods Partners L
New / Exited
13 / 26
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: 76.5%MLP: 13.1%ETP: 9.1%REIT: 0.7%Other: 0.5%
  • Common Stock · 76.5% · $127M
  • MLP · 13.1% · $22M
  • ETP · 9.1% · $15M
  • REIT · 0.7% · $1M
  • Other · 0.5% · $907,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLESELECT SECTOR SPDR TRNEW+57.5K57.5K+$3M$3M
CXWCORECIVIC INCNEW+172.0K172.0K+$3M$3M
WDWALKER & DUNLOP INCNEW+24.0K24.0K+$1M$1M
ABTABBOTT LABSNEW+16.0K16.0K+$1M$1M
MICHAELS COS INCNEW+135.0K135.0K+$1M$1M
BIGGQBIG LOTS INCNEW+51.0K51.0K+$1M$1M
BDNBRANDYWINE RLTY TRNEW+82.0K82.0K+$1M$1M
QNSTQUINSTREET INCNEW+96.0K96.0K+$1M$1M

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

Holdings — Q3 2019

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPDENTERPRISE PRODS PARTNERS Lhistory →COM12.67%$21M737.6K
2AMZNAMAZON COM INChistory →COM5.22%$9M5.0K
3TYLTYLER TECHNOLOGIES INChistory →COM4.73%$8M30.0K
4NOWSERVICENOW INChistory →COM4.55%$8M29.8K
5MSFTMICROSOFT CORPhistory →COM4.43%$7M53.0K
6VVISA INChistory →COM CL A3.31%$6M32.0K
7FISFIDELITY NATL INFORMATION SVhistory →COM3.19%$5M40.0K
8UPLAND SOFTWARE INCCOM2.98%$5M142.0K
9XLESELECT SECTOR SPDR TRhistory →ENERGY2.05%$3M57.5K
10QQQINVESCO QQQ TRhistory →UNIT SER 11.82%$3M16.0K
11CHARLES RIV LABS INTL INCCOM1.79%$3M22.5K
12CXWCORECIVIC INChistory →COM1.79%$3M172.0K
13GSGOLDMAN SACHS GROUP INChistory →COM1.62%$3M13.0K
14FISVFISERV INChistory →COM1.56%$3M25.0K
15MAMASTERCARD INChistory →CL A1.55%$3M9.5K
16GLUUGLU MOBILE INChistory →COM1.53%$3M509.0K
17DRIDARDEN RESTAURANTS INChistory →COM1.42%$2M20.0K
18KOSKOSMOS ENERGY LTDhistory →COM1.35%$2M360.0K
19BOOTBOOT BARN HLDGS INChistory →COM1.32%$2M63.0K
20LOPEGRAND CANYON ED INChistory →COM1.24%$2M21.0K
21OKTAOKTA INCCL A0.89%$1M15.0K
22THGHANOVER INS GROUP INCCOM0.87%$1M10.7K
23RAYTHEON COCOM NEW0.83%$1M7.0K
24FIVNFIVE9 INCCOM0.81%$1M25.0K
25WDWALKER & DUNLOP INCCOM0.81%$1M24.0K
26ABTABBOTT LABSCOM0.80%$1M16.0K
27MICHAELS COS INCCOM0.79%$1M135.0K
28EEFTEURONET WORLDWIDE INCCOM0.79%$1M9.0K
29NOCNORTHROP GRUMMAN CORPCOM0.79%$1M3.5K
30GDGENERAL DYNAMICS CORPCOM0.77%$1M7.0K
31BIGGQBIG LOTS INCCOM0.75%$1M51.0K
32BDNBRANDYWINE RLTY TRSH BEN INT NEW0.75%$1M82.0K
33QNSTQUINSTREET INCCOM0.73%$1M96.0K
34MDTMEDTRONIC PLCSHS0.72%$1M11.0K
35CYRXCRYOPORT INCCOM PAR $0.0010.64%$1M65.0K
36PAYCPAYCOM SOFTWARE INCCOM0.63%$1M5.0K
37SYKSTRYKER CORPCOM0.62%$1M4.8K
38CARDTRONICS PLCSHS CL A0.55%$907,00030.0K
39AMTBAMERANT BANCORP INCCL A0.49%$818,00039.0K
40FORTERRA INCCOM0.22%$362,00050.0K
41DPZDOMINOS PIZZA INCCOM0.15%$245,0001.0K

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 ↗.