Managers / Q2 2023 · view latest →
PRECEPT MANAGEMENT LLC
CIK 0001135631 · 200 CRESCENT COURT, SUITE 1450, DALLAS, TX, 75201 · 214-880-7444
Summary
Precept Management LLC reported $74M in U.S.-listed holdings across 27 positions for Q2 2023.
Its largest position, QQQ, represents 14.5% of the portfolio.
Compared with Q1 2023, the fund opened 11 new positions and exited 10.
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 · 61.7% · $46M
- ETP · 38.0% · $28M
- Other · 0.2% · $182,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| FRANCHISE GROUP INC | NEW | +100.0K | 100.0K | +$2M | $2M |
| NVDANVIDIA CORPORATION | NEW | +3.0K | 3.0K | +$1M | $1M |
| PROPROS HOLDINGS INC | NEW | +20.0K | 20.0K | +$616,000 | $616,000 |
| VOXRVOX ROYALTY CORP | NEW | +205.0K | 205.0K | +$496,100 | $496,100 |
| INDIINDIE SEMICONDUCTOR INC | NEW | +50.0K | 50.0K | +$470,000 | $470,000 |
| BEEMBEAM GLOBAL | NEW | +40.0K | 40.0K | +$414,000 | $414,000 |
| SGMLSIGMA LITHIUM CORPORATION | NEW | +10.0K | 10.0K | +$403,000 | $403,000 |
| APLDAPPLIED DIGITAL CORP | NEW | +20.0K | 20.0K | +$187,000 | $187,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 14.53% | $11M | 29.0K |
| 2 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 12.02% | $9M | 20.0K |
| 3 | IWMISHARES TRhistory → | RUSSELL 2000 ETF | 11.45% | $8M | 45.1K |
| 4 | AMZNAMAZON COM INChistory → | COM | 5.66% | $4M | 32.0K |
| 5 | MSFTMICROSOFT CORPhistory → | COM | 4.34% | $3M | 40.0K |
| 6 | FRANCHISE GROUP INC | COM | 3.34% | $2M | 100.0K |
| 7 | AMDADVANCED MICRO DEVICES INChistory → | COM | 3.09% | $2M | 20.0K |
| 8 | NVDANVIDIA CORPORATIONhistory → | COM | 1.72% | $1M | 3.0K |
| 9 | RAMPLIVERAMP HLDGS INC | COM | 0.97% | $714,000 | 25.0K |
| 10 | PROPROS HOLDINGS INC | COM | 0.84% | $616,000 | 20.0K |
| 11 | VOXRVOX ROYALTY CORP | COM | 0.67% | $496,100 | 205.0K |
| 12 | INDIINDIE SEMICONDUCTOR INC | CLASS A COM | 0.64% | $470,000 | 50.0K |
| 13 | BMEABIOMEA FUSION INC | COM | 0.60% | $439,000 | 20.0K |
| 14 | BEEMBEAM GLOBAL | COM | 0.56% | $414,000 | 40.0K |
| 15 | SGMLSIGMA LITHIUM CORPORATION | COM | 0.55% | $403,000 | 10.0K |
| 16 | ACMRACM RESH INC | COM CL A | 0.53% | $392,400 | 30.0K |
| 17 | NVGSNAVIGATOR HLDGS LTD | SHS | 0.53% | $390,300 | 30.0K |
| 18 | BTMDBIOTE CORP | CLASS A COM | 0.46% | $338,000 | 50.0K |
| 19 | APLDAPPLIED DIGITAL CORP | COM NEW | 0.25% | $187,000 | 20.0K |
| 20 | GDYNGRID DYNAMICS HLDGS INC | CL A | 0.25% | $186,850 | 20.2K |
| 21 | AZITRA INC | COM | 0.25% | $182,000 | 50.0K |
| 22 | EVLVEVOLV TECHNOLOGIES HLDNGS IN | COM CL A | 0.20% | $150,000 | 25.0K |
| 23 | SBIGSPRINGBIG HOLDINGS INC | COMMON STOCK | 0.09% | $69,371 | 157.4K |
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 ↗.