SEC 13F Intelligence

Managers / Q1 2022 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$95M
Q1 2022
Positions
46
Filings on Record
20
2019–present window
Filed
May 16, 2022
original filing

Summary

Precept Management LLC reported $95M in U.S.-listed holdings across 46 positions for Q1 2022.

Its largest position, AMZN, represents 6.6% of the portfolio.

Compared with Q4 2021, the fund opened 27 new positions and exited 27.

Portfolio Metrics

Turnover
+28.6%
vs prior filed quarter
Top-10 Concentration
+40.9%
share of reported value
Largest Position
+6.6%
Amazon Com
New / Exited
27 / 27
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: 69.5%ETP: 26.1%REIT: 3.0%Other: 1.5%Equity WRT: 0.0%
  • Common Stock · 69.5% · $66M
  • ETP · 26.1% · $25M
  • REIT · 3.0% · $3M
  • Other · 1.5% · $1M
  • Equity WRT · 0.0% · $15,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XOPSPDR SER TRNEW+150.0K150.0K+$20M$20M
WFRDWEATHERFORD INTL PLCNEW+84.0K84.0K+$3M$3M
IWOISHARES TRNEW+10.0K10.0K+$3M$3M
NTRNUTRIEN LTDNEW+20.0K20.0K+$2M$2M
NBRNABORS INDUSTRIES LTDNEW+10.0K10.0K+$2M$2M
AGCOAGCO CORPNEW+10.0K10.0K+$1M$1M
ORLYOREILLY AUTOMOTIVE INCNEW+2.0K2.0K+$1M$1M
WTTRSELECT ENERGY SVCS INCNEW+157.5K157.5K+$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 2022

36 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AMZNAMAZON COM INChistory →COM6.56%$6M1.9K
2WDWALKER & DUNLOP INChistory →COM6.27%$6M46.0K
3MSFTMICROSOFT CORPhistory →COM5.88%$6M18.1K
4AMDADVANCED MICRO DEVICES INChistory →COM5.76%$5M50.0K
5STRSSTRATUS PPTYS INChistory →COM NEW3.81%$4M84.0K
6PANWPALO ALTO NETWORKS INChistory →COM3.41%$3M5.2K
7WFRDWEATHERFORD INTL PLChistory →ORD SHS2.95%$3M84.0K
8POOLPOOL CORPhistory →COM2.23%$2M5.0K
9NTRNUTRIEN LTDhistory →COM2.19%$2M20.0K
10BPOPPOPULAR INChistory →COM NEW1.80%$2M20.9K
11FBPFIRST BANCORP P Rhistory →COM NEW1.70%$2M123.1K
12NBRNABORS INDUSTRIES LTDhistory →SHS1.61%$2M10.0K
13AGMFEDERAL AGRIC MTG CORPhistory →CL C1.60%$2M14.0K
14AEAEALTENERGY ACQUISITION CORPCOM CL A · *W EXP 10/29/2021.58%$2M225.0K
15AGCOAGCO CORPhistory →COM1.54%$1M10.0K
16ORLYOREILLY AUTOMOTIVE INChistory →COM1.44%$1M2.0K
17WTTRSELECT ENERGY SVCS INChistory →CL A COM1.42%$1M157.5K
18BERRY CORPCOM1.39%$1M127.5K
19EGYVAALCO ENERGY INChistory →COM NEW1.38%$1M200.0K
20TWITITAN INTL INC ILLhistory →COM1.24%$1M80.0K
21PHX MINERALS INCCL A0.89%$842,000275.0K
22CENTENNIAL RESOURCE DEV INCCL A0.85%$807,000100.0K
23QRHCQUEST RESOURCE HLDG CORPCOM NEW0.85%$805,000130.9K
24LAREDO PETROLEUM INCCOM0.83%$791,00010.0K
25SYNCHRONOSS TECHNOLOGIES INCCOM0.78%$744,00035.0K
26KOSKOSMOS ENERGY LTDCOM0.76%$719,000100.0K
27DATTO HLDG CORPCOM0.68%$641,00024.0K
28KEYARCH ACQUISITION CORPORD SHS CL A · RIGHT 01/24/2027 · *W EXP 01/24/2020.37%$350,00087.5K
29ACNACCENTURE PLC IRELANDSHS CLASS A0.36%$337,0001.0K
30RESRPC INCCOM0.33%$311,00029.1K
31APTOSE BIOSCIENCES INCCOM NEW0.33%$309,000227.0K
32PFSWEB INCCOM NEW0.31%$297,00026.0K
33NXDTNEXPOINT DIVERSIFIED REL ETCOM NEW0.31%$295,00018.7K
34APPSDIGITAL TURBINE INCCOM NEW0.23%$219,0005.0K
35ROC ENERGY ACQUISITION CORPCOMMON STOCK · RIGHT 11/30/20280.11%$101,00020.0K
36INODINNODATA INCCOM NEW0.07%$70,00010.0K

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 ↗.