# Precept Management LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1135631. Source: https://holderbook.com/funds/1135631-precept-management-llc/

- Reported value: $125.7M
- Positions: 24
- Weight of the ten largest: 95.9%
- Filed: 2023-11-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $42.7M | 20,000 | 34.0% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $35.5M | 29,000 | 28.2% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $17.5M | 20,000 | 13.9% | 16 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $8.0M | 45,100 | 6.3% | 3 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $5.5M | 0 | 4.4% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.1M | 32,000 | 3.2% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $3.0M | 9,400 | 2.4% | 20 |
| ADVISORSHARES TR | [MSOS](https://holderbook.com/stocks/MSOS/) | $2.4M | 0 | 1.9% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 3,000 | 1.0% | 2 |
| LIVERAMP HLDGS INC | [RAMP](https://holderbook.com/stocks/RAMP/) | $721.0K | 25,000 | 0.6% | 3 |
| PROS HOLDINGS INC | [PRO](https://holderbook.com/stocks/PRO/) | $692.4K | 20,000 | 0.6% | 2 |
| SYNCHRONOSS TECHNOLOGIES INC | [SNCR](https://holderbook.com/stocks/SNCR/) | $644.0K | 35,000 | 0.5% | 1 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $624.0K | 100,000 | 0.5% | 2 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $543.1K | 30,000 | 0.4% | 3 |
| CONTANGO SILVER & GOLD INC | [CTGO](https://holderbook.com/stocks/CTGO/) | $453.5K | 25,000 | 0.4% | 1 |
| NAVIGATOR HLDGS LTD | [NVGS](https://holderbook.com/stocks/NVGS/) | $443.1K | 30,000 | 0.4% | 3 |
| VOX ROYALTY CORP | [VOXR](https://holderbook.com/stocks/VOXR/) | $414.1K | 205,000 | 0.3% | 2 |
| SIGMA LITHIUM CORPORATION | [SGML](https://holderbook.com/stocks/SGML/) | $324.4K | 10,000 | 0.3% | 2 |
| BIOTE CORP | [BTMD](https://holderbook.com/stocks/BTMD/) | $256.0K | 50,000 | 0.2% | 3 |
| GRID DYNAMICS HLDGS INC | [GDYN](https://holderbook.com/stocks/GDYN/) | $246.0K | 20,200 | 0.2% | 3 |
| BRC GROUP HOLDINGS INC | [RILY](https://holderbook.com/stocks/RILY/) | $204.9K | 5,000 | 0.2% | 1 |
| EVOLV TECHNOLOGIES HLDNGS IN | [EVLV](https://holderbook.com/stocks/EVLV/) | $121.5K | 25,000 | 0.1% | 2 |
| AZITRA INC | [AZTR](https://holderbook.com/stocks/AZTR/) | $75.0K | 50,000 | 0.1% | 2 |
| LILIUM N V | [LILMF](https://holderbook.com/stocks/LILMF/) | $71.3K | 100,000 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2023 | -5.2% | -3.6% | -1.6% | 85% |
| Q2 2023 | +12.0% | +8.3% | +3.7% | 100% |
| Q4 2022 | -7.2% | +7.1% | -14.3% | 100% |
| Q3 2022 | -10.2% | -5.3% | -4.9% | 93% |
| Q2 2022 | -20.9% | -16.5% | -4.5% | 92% |
| Q1 2022 | -13.5% | -4.9% | -8.6% | 66% |
| Q4 2021 | +8.1% | +10.7% | -2.6% | 66% |
| Q3 2021 | -0.1% | +0.3% | -0.3% | 63% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $125.7M | 24 |
| Q2 2023 | $73.7M | 26 |
| Q1 2023 | $81.7M | 25 |
| Q4 2022 | $33.6M | 11 |
| Q3 2022 | $14.0M | 22 |
| Q2 2022 | $44.6M | 23 |
| Q1 2022 | $94.9M | 45 |
| Q4 2021 | $254.0M | 45 |
| Q3 2021 | $214.3M | 59 |
| Q2 2021 | $238.1M | 57 |
| Q1 2021 | $146.7M | 42 |
| Q4 2020 | $246.7M | 46 |