SEC 13F Intelligence

Managers / Q4 2022 · view latest →

PRECEPT MANAGEMENT LLC

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

Reported Value
$34M
Q4 2022
Positions
14
Filings on Record
20
2019–present window
Filed
Feb 14, 2023
original filing

Summary

Precept Management LLC reported $34M in U.S.-listed holdings across 14 positions for Q4 2022.

Its largest position, MSFT, represents 11.4% of the portfolio.

Compared with Q3 2022, the fund opened 6 new positions and exited 17.

Portfolio Metrics

Turnover
+30.9%
vs prior filed quarter
Largest Position
+11.4%
Microsoft
New / Exited
6 / 17
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: 75.9%ETP: 23.8%Other: 0.4%
  • Common Stock · 75.9% · $26M
  • ETP · 23.8% · $8M
  • Other · 0.4% · $122,940

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
QQQINVESCO QQQ TRNEW+30.0K30.0K+$8M$8M
PGT INNOVATIONS INCNEW+200.0K200.0K+$4M$4M
TSLATESLA INCNEW+17.0K17.0K+$2M$2M
SCISERVICE CORP INTLNEW+28.0K28.0K+$2M$2M
ACDCPROFRAC HLDG CORPNEW+24.9K24.9K+$628,740$628,740
NTNXNUTANIX INCNEW+7.5K7.5K+$195,375$195,375
MSFTMICROSOFT CORPADDED+36.6K46.0K+$9M$11M
WTTRSELECT ENERGY SVCS INCADDED+166.0K221.0K+$2M$2M

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

Holdings — Q4 2022

7 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM11.42%$4M16.0K
2AMZNAMAZON COM INChistory →COM8.00%$3M32.0K
3SCISERVICE CORP INTLhistory →COM5.76%$2M28.0K
4AMDADVANCED MICRO DEVICES INChistory →COM3.85%$1M20.0K
5WTTRSELECT ENERGY SVCS INChistory →CL A COM1.95%$656,04071.0K
6ACDCPROFRAC HLDG CORPhistory →CLASS A COM1.87%$628,74024.9K
7ROC ENERGY ACQUISITION CORPCOMMON STOCK0.37%$122,94012.0K

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 ↗.