SEC 13F Intelligence

Managers / Q4 2019 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$208M
Q4 2019
Positions
64
Filings on Record
20
2019–present window
Filed
Feb 14, 2020
original filing

Summary

Precept Management LLC reported $208M in U.S.-listed holdings across 64 positions for Q4 2019.

Its largest position, EPD, represents 10.0% of the portfolio.

Compared with Q3 2019, the fund opened 30 new positions and exited 15.

Portfolio Metrics

Turnover
+27.0%
vs prior filed quarter
Top-10 Concentration
+42.6%
share of reported value
Largest Position
+10.0%
Enterprise Prods Partners L
New / Exited
30 / 15
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: 85.2%MLP: 10.4%Other: 2.7%ETP: 0.8%Ltd Part: 0.6%REIT: 0.3%
  • Common Stock · 85.2% · $177M
  • MLP · 10.4% · $22M
  • Other · 2.7% · $6M
  • ETP · 0.8% · $2M
  • Ltd Part · 0.6% · $1M
  • REIT · 0.3% · $558,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AMDADVANCED MICRO DEVICES INCNEW+120.0K120.0K+$6M$6M
STESTERIS PLCNEW+33.0K33.0K+$5M$5M
DOVDOVER CORPNEW+35.2K35.2K+$4M$4M
ONON SEMICONDUCTOR CORPNEW+150.0K150.0K+$4M$4M
REATA PHARMACEUTICALS INCNEW+16.0K16.0K+$3M$3M
METAFACEBOOK INCNEW+13.6K13.6K+$3M$3M
CUE BIOPHARMA INCNEW+170.0K170.0K+$3M$3M
APTOSE BIOSCIENCES INCNEW+450.0K450.0K+$3M$3M

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

Holdings — Q4 2019

55 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPDENTERPRISE PRODS PARTNERS Lhistory →COM10.01%$21M737.6K
2TYLTYLER TECHNOLOGIES INChistory →COM5.06%$11M35.0K
3AMZNAMAZON COM INChistory →COM4.45%$9M5.0K
4MSFTMICROSOFT CORPhistory →COM4.03%$8M53.0K
5MAMASTERCARD INChistory →CL A3.74%$8M26.0K
6NOWSERVICENOW INChistory →COM3.67%$8M27.0K
7UPLAND SOFTWARE INCCOM3.44%$7M200.0K
8VVISA INChistory →COM CL A2.90%$6M32.0K
9FISFIDELITY NATL INFORMATION SVhistory →COM2.68%$6M40.0K
10AMDADVANCED MICRO DEVICES INChistory →COM2.65%$6M120.0K
11STESTERIS PLChistory →SHS USD2.42%$5M33.0K
12CHARLES RIV LABS INTL INCCOM2.22%$5M30.1K
13DOVDOVER CORPhistory →COM1.95%$4M35.2K
14LOPEGRAND CANYON ED INChistory →COM1.89%$4M41.0K
15ONON SEMICONDUCTOR CORPhistory →COM1.76%$4M150.0K
16CXWCORECIVIC INChistory →COM1.44%$3M172.0K
17BOOTBOOT BARN HLDGS INChistory →COM1.35%$3M63.0K
18METAFACEBOOK INChistory →CL A1.34%$3M13.6K
19CUE BIOPHARMA INCCOM1.30%$3M170.0K
20APTOSE BIOSCIENCES INCCOM NEW1.23%$3M450.0K
21CYRXCRYOPORT INChistory →COM PAR $0.0011.19%$2M150.0K
22INFINERA CORPORATIONCOM1.15%$2M300.0K
23FISVFISERV INChistory →COM1.11%$2M20.0K
24GLUUGLU MOBILE INChistory →COM1.03%$2M353.4K
25QUREUNIQURE NVSHS0.86%$2M25.0K
26STNGSCORPIO TANKERS INCSHS0.85%$2M45.0K
27INSWINTERNATIONAL SEAWAYS INCCOM0.79%$2M55.0K
28REATA PHARMACEUTICALS INCCL A0.79%$2M8.0K
29EURONAV NV ANTWERPENSHS0.79%$2M130.0K
30NATNORDIC AMERICAN TANKERS LIMICOM0.78%$2M330.0K
31SPWHSPORTSMANS WHSE HLDGS INCCOM0.77%$2M200.0K
32WDWALKER & DUNLOP INCCOM0.75%$2M24.0K
33RAYTHEON COCOM NEW0.74%$2M7.0K
34THGHANOVER INS GROUP INCCOM0.70%$1M10.7K
35PURPLE INNOVATION INCCOM0.69%$1M165.0K
36EEFTEURONET WORLDWIDE INCCOM0.68%$1M9.0K
37NVDANVIDIA CORPCOM0.68%$1M6.0K
38CARDTRONICS PLCSHS CL A0.65%$1M30.0K
39PAYCPAYCOM SOFTWARE INCCOM0.64%$1M5.0K
40SFLSFL CORPORATION LTDSHS0.62%$1M88.0K
41OKTAOKTA INCCL A0.61%$1M11.0K
42VERSO CORPCL A0.60%$1M69.0K
43GDGENERAL DYNAMICS CORPCOM0.59%$1M7.0K
44NOCNORTHROP GRUMMAN CORPCOM0.58%$1M3.5K
45SYKSTRYKER CORPCOM0.48%$999,0004.8K
46TCMDTACTILE SYS TECHNOLOGY INCCOM0.38%$783,00011.6K
47TFF PHARMACEUTICALS INCCOM0.38%$783,000146.3K
48RILYB RILEY FINL INCCOM0.36%$755,00030.0K
49MDTMEDTRONIC PLCSHS0.30%$624,0005.5K
50NXRTNEXPOINT RESIDENTIAL TR INCCOM0.27%$558,00012.4K
51DHTDHT HOLDINGS INCSHS NEW0.24%$497,00060.0K
52BKNGBOOKING HLDGS INCCOM0.20%$411,000200
53QNSTQUINSTREET INCCOM0.18%$367,00024.0K
54AKTSQAKOUSTIS TECHNOLOGIES INCCOM0.08%$160,00020.0K
55SICSELECT INTERIOR CONCEPTS INCCL A0.07%$135,00015.0K

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 ↗.