Managers / Q2 2020 · view latest →
PRECEPT MANAGEMENT LLC
CIK 0001135631 · 200 CRESCENT COURT, SUITE 1450, DALLAS, TX, 75201 · 214-880-7444
Summary
Precept Management LLC reported $523M in U.S.-listed holdings across 89 positions for Q2 2020.
Its largest position, NOW, represents 2.9% of the portfolio.
Compared with Q1 2020, the fund opened 12 new positions and exited 40.
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
- Common Stock · 68.6% · $359M
- ETP · 26.5% · $139M
- MLP · 2.6% · $14M
- REIT · 1.3% · $7M
- Other · 0.9% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| JPMJPMORGAN CHASE & CO | NEW | +200.0K | 200.0K | +$19M | $19M |
| RTXRAYTHEON TECHNOLOGIES CORP | NEW | +150.0K | 150.0K | +$9M | $9M |
| BACBK OF AMERICA CORP | NEW | +350.1K | 350.1K | +$8M | $8M |
| SCIPLAY CORP | NEW | +287.0K | 287.0K | +$4M | $4M |
| STMPSTAMPS COM INC | NEW | +21.0K | 21.0K | +$4M | $4M |
| SWBISMITH & WESSON BRANDS INC | NEW | +140.0K | 140.0K | +$3M | $3M |
| LGIHLGI HOMES INC | NEW | +30.0K | 30.0K | +$3M | $3M |
| DBXDROPBOX INC | NEW | +70.0K | 70.0K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
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 ↗.