Precept Management LLC

Dallas, TX · CIK 1135631 · 13F filing filed 2023-11-14

SEC-registered investment adviser since 2006 · limited liability company

Assets managed$5.4m
Staff3 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds3 (3 hedge) · $13.0m gross assets
Websitepreceptfund.com
Form ADV · 2026-07-01SEC adviser record

Legal entityPRECEPT MANAGEMENT, LLC (US)

Other 13F filers in this group: Precept Capital Management, L.P. files a notice

Kindhedge funds, futures
Others nearbyDallas, TX
FamilyPrecept Management LLC · 2 related pages

As an employer

Offices in1 country
Private fundshedge 3

$43.1m reported value -7.9% vs Q2 2023

22positions

91.2%in top 10

4 new 1 added 1 reduced 5 sold out vs Q2 2023

Options: 1 call positions ($1.2m notional), 5 put positions ($81.4m notional) – listed below, not included above.

This report includes the holdings of 1 other manager that shares the investment decisions:

Precept Capital Management, L.P. – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q3 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	29,000	$10.4m24.08%	24.08%	Unchanged
2	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	20,000	$8.5m19.82%	19.82%	Unchanged
3	ISHARES TR RUSSELL 2000 ETF IWM	IWM	45,100	$8.0m18.48%	18.48%	Unchanged
4	AMAZON COM INC COM AMZN	AMZN	32,000	$4.1m9.43%	9.43%	Unchanged
5	MICROSOFT CORP COM MSFT	MSFT	9,400	$3.0m6.88%	6.88%	Reduced -30.6k	-30,600 -76.5%
6	ADVANCED MICRO DEVICES INC COM AMD	AMD	20,000	$2.1m4.77%	4.77%	Unchanged
7	NVIDIA CORPORATION COM NVDA	NVDA	3,000	$1.3m3.02%	3.02%	Unchanged
8	LIVERAMP HLDGS INC COM RAMP	RAMP	25,000	$721.0k1.67%	1.67%	Unchanged
9	PROS HOLDINGS INC COM PRO	PRO	20,000	$692.4k1.60%	1.60%	Unchanged
10	SYNCHRONOSS TECHNOLOGIES INC COM SNCR	SNCR	35,000	$644.0k1.49%	1.49%	New
11	APPLIED DIGITAL CORP COM NEW APLD	APLD	100,000	$624.0k1.45%	1.45%	Added +80.0k	+80,000 400.0%
12	ACM RESH INC COM CL A ACMR	ACMR	30,000	$543.1k1.26%	1.26%	Unchanged
13	CONTANGO ORE INC COM CTGO	CTGO	25,000	$453.5k1.05%	1.05%	New
14	NAVIGATOR HLDGS LTD SHS NVGS	NVGS	30,000	$443.1k1.03%	1.03%	Unchanged
15	VOX ROYALTY CORP COM VOXR	VOXR	205,000	$414.1k0.96%	0.96%	Unchanged
16	SIGMA LITHIUM CORPORATION COM SGML	SGML	10,000	$324.4k0.75%	0.75%	Unchanged
17	BIOTE CORP CLASS A COM BTMD	BTMD	50,000	$256.0k0.59%	0.59%	Unchanged
18	GRID DYNAMICS HLDGS INC CL A GDYN	GDYN	20,200	$246.0k0.57%	0.57%	Unchanged
19	B. RILEY FINANCIAL INC COM RILY	RILY	5,000	$204.9k0.48%	0.48%	New
20	EVOLV TECHNOLOGIES HLDNGS IN COM CL A EVLV	EVLV	25,000	$121.5k0.28%	0.28%	Unchanged
21	AZITRA INC COM COM		50,000	$75.0k0.17%	0.17%	Unchanged
22	LILIUM N V CLASS A ORD SHS LILMF	LILMF	100,000	$71.3k0.17%	0.17%	New

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
FRANCHISE GROUP INC		100,000	$2.5m100.0k shares
INDIE SEMICONDUCTOR INC INDI	INDI	50,000	$470.0k50.0k shares
BIOMEA FUSION INC BMEA	BMEA	20,000	$439.0k20.0k shares
BEAM GLOBAL BEEM	BEEM	40,000	$414.0k40.0k shares
SPRINGBIG HOLDINGS INC SBIG	SBIG	157,410	$69.4k157.4k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SPDR S&P 500 ETF TR SPY · Put	SPY	Put	80,000	$34.2m80.0k shares	New
INVESCO QQQ TR QQQ · Put	QQQ	Put	70,000	$25.1m70.0k shares	New
ADVANCED MICRO DEVICES INC AMD · Put	AMD	Put	150,000	$15.4m150.0k shares	Unchanged
KRANESHARES TRUST KWEB · Put	KWEB	Put	200,000	$5.5m200.0k shares	New
ADVISORSHARES TR MSOS · Call	MSOS	Call	150,000	$1.2m150.0k shares	New
ADVISORSHARES TR MSOS · Put	MSOS	Put	150,000	$1.2m150.0k shares	New