Precept Management LLC

CIK

1135631

Location

Dallas, TX

Portfolio Value

Micro $1,192,000

Diversification

Highly concentrated

Filing Date

Global Rank

#4,333 / 6,895 ▲ 853

Top Industry

Semiconductors 60.6%

3Y Alpha vs SPY

+8.8%

Period ended 2 years ago

Filed Nov 14, 2023 · 2y

15 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+119.9%

SPY

+78.1%

Annualised alpha

+8.8%

Max drawdown

−23.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

18 positions · as of Sep 30, 2023 · Δ vs Jun 30, 2023

Top Position

39.8%

+10.6 pts

Top 5

95.8%

+9.9 pts

Top 10

98.4%

+2.9 pts

HHI

2,970

Highly concentrated+1,176

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2023

Sector	% Portfolio	Value	Positions
Unclassified	72.9%	$78,216,730	2
Technology	21.2%	$22,712,133	7
Consumer Cyclical	3.8%	$4,067,840	1
Basic Materials	1.1%	$1,192,000	3
Energy	0.4%	$443,100	1
Healthcare	0.2%	$256,000	1
Financial Services	0.2%	$204,950	1
Industrials	0.2%	$192,830	2

Last Quarter's Activity

Export CSV

Sep 30, 2023 vs Jun 30, 2023

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	+80,000	100,000	$42,748,000
APLD	Applied Digital Corp.	+80,000	100,000	$624,000
QQQ	Invesco Qqq Trust, Series 1	+70,000	99,000	$35,468,730
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
MSFT	Microsoft Corp	−30,600	9,400	$2,968,050
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
CTGO	Contango Silver & Gold Inc.	25,000	$453,500
RILY	BRC Group Holdings, Inc.	5,000	$204,950
LILMF	Lilium N.V.	100,000	$71,330
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
PCRX	Pacira BioSciences, Inc.	60,000	$2,404,200
LITE	Lumentum Holdings Inc.	40,000	$2,269,200
INDI	indie Semiconductor, Inc.	50,000	$470,000
BMEA	Biomea Fusion, Inc.	20,000	$439,000
BEEM	Beam Global	40,000	$414,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

3 positions · $1,192,000 total · Basic Materials only · as of Sep 30, 2023

All sectors Basic Materials Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SGML	Sigma Lithium Corp Basic Materials	Held	10,000	0	$324,400	−19.5%	27.21%
VOXR	Vox Royalty Corp. Basic Materials	Held	205,000	0	$414,100	−16.2%	34.74%
CTGO	Contango Silver & Gold Inc. Basic Materials	NEW	25,000	NEW	$453,500	NEW	38.05%