SEC 13F Intelligence

Managers / Q2 2022 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$45M
Q2 2022
Positions
24
Filings on Record
20
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Precept Management LLC reported $45M in U.S.-listed holdings across 24 positions for Q2 2022.

Its largest position, MSFT, represents 10.4% of the portfolio.

Compared with Q1 2022, the fund opened 4 new positions and exited 26.

Portfolio Metrics

Turnover
+8.2%
vs prior filed quarter
Top-10 Concentration
+44.5%
share of reported value
Largest Position
+10.4%
Microsoft
New / Exited
4 / 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: 51.2%ETP: 38.8%REIT: 5.5%Other: 4.4%Equity WRT: 0.0%
  • Common Stock · 51.2% · $23M
  • ETP · 38.8% · $17M
  • REIT · 5.5% · $2M
  • Other · 4.4% · $2M
  • Equity WRT · 0.0% · $13,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TWITTER INCNEW+40.0K40.0K+$1M$1M
WINGSTOP INCNEW+20.0K20.0K+$1M$1M
CALLON PETE CO DELNEW+7.5K7.5K+$294,000$294,000
PDSPRECISION DRILLING CORPNEW+3.8K3.8K+$240,000$240,000
AMZNAMAZON COM INCADDED+30.1K32.0K−$3M$3M
NXDTNEXPOINT DIVERSIFIED REL ETADDED+131.3K150.0K+$2M$2M
STRSSTRATUS PPTYS INCSOLD OUT−84.0K0−$4M$0
PANWPALO ALTO NETWORKS INCSOLD OUT−5.2K0−$3M$0

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

Holdings — Q2 2022

15 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM10.42%$5M18.1K
2AMDADVANCED MICRO DEVICES INChistory →COM8.57%$4M50.0K
3AMZNAMAZON COM INChistory →COM7.62%$3M32.0K
4NXDTNEXPOINT DIVERSIFIED REL EThistory →COM NEW5.55%$2M150.0K
5WDWALKER & DUNLOP INChistory →COM4.21%$2M19.5K
6AEAEALTENERGY ACQUISITION CORPCOM CL A · *W EXP 10/29/2023.38%$2M225.0K
7POOLPOOL CORPhistory →COM1.57%$702,0002.0K
8BERRY CORPCOM1.28%$572,00075.0K
9EGYVAALCO ENERGY INChistory →COM NEW1.14%$507,00073.1K
10KEYARCH ACQUISITION CORPORD SHS CL A · RIGHT 01/24/2027 · *W EXP 01/24/2020.79%$353,00087.5K
11CALLON PETE CO DELCOM0.66%$294,0007.5K
12NBRNABORS INDUSTRIES LTDSHS0.60%$268,0002.0K
13PDSPRECISION DRILLING CORPCOM NEW0.54%$240,0003.8K
14ROC ENERGY ACQUISITION CORPCOMMON STOCK · RIGHT 11/30/20280.23%$102,00020.0K
15INODINNODATA INCCOM NEW0.11%$48,00010.0K

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 ↗.