SEC 13F Intelligence

Managers / Q1 2020 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$807M
Q1 2020
Positions
125
Filings on Record
20
2019–present window
Filed
May 15, 2020
original filing

Summary

Precept Management LLC reported $807M in U.S.-listed holdings across 125 positions for Q1 2020.

Its largest position, EPD, represents 1.3% of the portfolio.

Compared with Q4 2019, the fund opened 52 new positions and exited 19.

Portfolio Metrics

Turnover
+18.0%
vs prior filed quarter
Top-10 Concentration
+8.2%
share of reported value
Largest Position
+1.3%
Enterprise Prods Partners L
New / Exited
52 / 19
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
ETP: 56.5%Common Stock: 31.3%Other: 10.1%MLP: 1.4%REIT: 0.7%
  • ETP · 56.5% · $456M
  • Common Stock · 31.3% · $253M
  • Other · 10.1% · $81M
  • MLP · 1.4% · $12M
  • REIT · 0.7% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPYSPDR S&P 500 ETF TRNEW+800.0K800.0K+$206M$206M
QQQINVESCO QQQ TRNEW+900.0K900.0K+$171M$171M
UNITED STATES OIL FUND LPNEW+2.00M2.00M+$67M$67M
IWMISHARES TRNEW+300.0K300.0K+$34M$34M
ISHARES TRNEW+400.0K400.0K+$31M$31M
SMHVANECK VECTORS ETF TRNEW+100.0K100.0K+$12M$12M
CSLCARLISLE COS INCNEW+80.0K80.0K+$10M$10M
LHC GROUP INCNEW+51.0K51.0K+$7M$7M

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

Holdings — Q1 2020

76 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.31%$11M737.6K
2AMZNAMAZON COM INChistory →COM1.21%$10M5.0K
3MSFTMICROSOFT CORPhistory →COM1.04%$8M53.0K
4NOWSERVICENOW INCCOM0.96%$8M27.0K
5AMDADVANCED MICRO DEVICES INCCOM0.85%$7M150.0K
6TYLTYLER TECHNOLOGIES INCCOM0.72%$6M19.5K
7APTOSE BIOSCIENCES INCCOM NEW0.57%$5M776.2K
8UPLAND SOFTWARE INCCOM0.57%$5M170.3K
9LOPEGRAND CANYON ED INCCOM0.53%$4M56.0K
10LIMELIGHT NETWORKS INCCOM0.46%$4M650.0K
11OKTAOKTA INCCL A0.45%$4M30.0K
12NFLXNETFLIX INCCOM0.37%$3M8.0K
13CUE BIOPHARMA INCCOM0.37%$3M210.0K
14QUREUNIQURE NVSHS0.32%$3M55.0K
15FISFIDELITY NATL INFORMATION SVCOM0.30%$2M20.0K
16FRONTLINE LTDSHS NEW0.29%$2M240.0K
17GLUUGLU MOBILE INCCOM0.28%$2M359.4K
18EURONAV NV ANTWERPENSHS0.27%$2M190.0K
19NXRTNEXPOINT RESIDENTIAL TR INCCOM0.26%$2M84.0K
20CLWCLEARWATER PAPER CORPCOM0.26%$2M96.0K
21EHTHEHEALTH INCCOM0.24%$2M14.0K
22CNXNPC CONNECTION INCCOM0.22%$2M42.5K
23WDWALKER & DUNLOP INCCOM0.20%$2M40.0K
24REATA PHARMACEUTICALS INCCL A0.18%$1M10.0K
25BJBJS WHSL CLUB HLDGS INCCOM0.18%$1M56.0K
26BKNGBOOKING HLDGS INCCOM0.18%$1M1.1K
27IOVAIOVANCE BIOTHERAPEUTICS INCCOM0.17%$1M45.0K
28AMTAMERICAN TOWER CORP NEWCOM0.16%$1M6.0K
29CCICROWN CASTLE INTL CORP NEWCOM0.16%$1M9.0K
30AAPLAPPLE INCCOM0.16%$1M5.1K
31ULTAULTA BEAUTY INCCOM0.15%$1M7.0K
32NOCNORTHROP GRUMMAN CORPCOM0.13%$1M3.5K
33CCLCARNIVAL CORPUNIT 99/99/99990.13%$1M78.1K
34RENEWABLE ENERGY GROUP INCCOM NEW0.13%$1M50.0K
35PAYCPAYCOM SOFTWARE INCCOM0.13%$1M5.0K
36JPMORGAN CHASE & COALERIAN ML ETN0.12%$993,000110.0K
37AMERICAN OUTDOOR BRANDS CORPCOM0.12%$988,000119.0K
38THGHANOVER INS GROUP INCCOM0.12%$969,00010.7K
39VCELVERICEL CORPCOM0.11%$918,000100.1K
40FIVNFIVE9 INCCOM0.11%$918,00012.0K
41ATEXANTERIX INCCOM0.11%$913,00020.0K
42NATNORDIC AMERICAN TANKERS LIMICOM0.10%$815,000180.0K
43RILYB. RILEY FINANCIAL INCCOM0.09%$737,00040.0K
44TEEKAY TANKERS LTDCL A0.09%$734,00033.0K
45CALLON PETE CO DELCOM0.09%$712,0001.30M
46IDNINTELLICHECK INCCOM NEW0.08%$678,000200.0K
47CARDTRONICS PLCSHS CL A0.08%$628,00030.0K
48INFINERA CORPCOM0.08%$615,000116.0K
49RPAYREPAY HLDGS CORPCOM CL A0.07%$603,00042.0K
50TFF PHARMACEUTICALS INCCOM0.07%$562,000146.3K
51NREFNEXPOINT REAL ESTATE FIN INCCOM0.07%$531,00055.0K
52CYRXCRYOPORT INCCOM PAR $0.0010.06%$521,00030.5K
53RGNXREGENXBIO INCCOM0.06%$453,00014.0K
54GNMKGENMARK DIAGNOSTICS INCCOM0.05%$387,00094.0K
55VONAGE HLDGS CORPCOM0.04%$362,00050.0K
56CTRACABOT OIL & GAS CORPCOM0.04%$361,00021.0K
57XOPSPDR SER TRS&P OILGAS EXP0.04%$354,00010.8K
58VVISA INCCOM CL A0.04%$322,0002.0K
59SPWHSPORTSMANS WHSE HLDGS INCCOM0.04%$308,00050.0K
60TDYTELEDYNE TECHNOLOGIES INCCOM0.04%$297,0001.0K
61CHARLES RIV LABS INTL INCCOM0.04%$290,0002.3K
62CRMSALESFORCE COM INCCOM0.04%$288,0002.0K
63GDGENERAL DYNAMICS CORPCOM0.03%$265,0002.0K
64MAMASTERCARD INCCL A0.03%$242,0001.0K
65METAFACEBOOK INCCL A0.02%$167,0001.0K
66SYKSTRYKER CORPCOM0.02%$166,0001.0K
67LHC GROUP INCCOM0.02%$140,0001.0K
68AKTSQAKOUSTIS TECHNOLOGIES INCCOM0.01%$107,00020.0K
69FISVFISERV INCCOM0.01%$95,0001.0K
70EEFTEURONET WORLDWIDE INCCOM0.01%$86,0001.0K
71HEIHEICO CORP NEWCOM0.01%$75,0001.0K
72XIFRNEXTERA ENERGY PARTNERS LPCOM UNIT PART IN0.01%$43,0001.0K
73STESTERIS PLCSHS USD0.00%$14,000100
74ONON SEMICONDUCTOR CORPCOM0.00%$12,0001.0K
75UNITED STATES OIL FUND LPUNITS0.00%$3,000100
76ELDORADO RESORTS INCCOM0.00%$1,000100

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 ↗.