Precept Management is an investment fund managing more than $11.2 billion ran by Nick Roossien. There are currently 7 companies in Mr. Roossien’s portfolio. The largest investments include Microsoft and Amazon.com, together worth $6.53 billion.
As of 7th February 2023, Precept Management’s top holding is 16,000 shares of Microsoft currently worth over $3.84 billion and making up 34.4% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Precept Management owns more than approximately 0.1% of the company.
In addition, the fund holds 32,000 shares of Amazon.com worth $2.69 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Service Corp Intl worth $1.94 billion and the next is Advanced Micro Devices worth $1.3 billion, with 20,000 shares owned.
Currently, Precept Management's portfolio is worth at least $11.2 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Precept Management office and employees reside in Dallas, Texas. According to the last 13-F report filed with the SEC, Nick Roossien serves as the Chief Financial Officer at Precept Management.
In the most recent 13F filing, Precept Management revealed that it had opened a new position in
Service Corp Intl and bought 28,000 shares worth $1.94 billion.
The investment fund also strengthened its position in Microsoft by buying
6,600 additional shares.
This makes their stake in Microsoft total 16,000 shares worth $3.84 billion.
Microsoft dropped 8.0% in the past year.
On the other hand, there are companies that Precept Management is getting rid of from its portfolio.
Precept Management closed its position in Altenergy Acquisition Corp on 14th February 2023.
It sold the previously owned 150,000 shares for $1.51 million.
The two most similar investment funds to Precept Management are Apollo Management L.P. and Advent International Corp/ma. They manage $11.1 billion and $11.2 billion respectively.
Precept Management’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 46.0% of
the total portfolio value.
The fund focuses on investments in the United States as
42.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
43% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $665 billion.
These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
70.21%
16,000
|
$3,837,120,000 | 34.37% |
| Amazon.com Inc. |
No change
32,000
|
$2,688,000,000 | 24.08% |
| Service Corp Intl |
Opened
28,000
|
$1,935,920,000 | 17.34% |
| Advanced Micro Devices Inc. |
No change
20,000
|
$1,295,400,000 | 11.60% |
| Select Energy Svcs Inc |
29.09%
71,000
|
$656,040,000 | 5.88% |
| Profrac Hldg Corp |
Opened
24,950
|
$628,740,000 | 5.63% |
| Roc Energy Acquisition Corp |
20.00%
12,000
|
$122,940,000 | 1.10% |
| Altenergy Acquisition Corp |
Closed
150,000
|
$1,505,000 | |
| Nexpoint Diversified Rel Et |
Closed
94,500
|
$1,186,000 | |
| Walker & Dunlop Inc |
Closed
10,200
|
$854,000 | |
| Synchronoss Technologies Inc |
Closed
35,000
|
$769,000 | |
| Berry Corp |
Closed
57,500
|
$431,000 | |
| Keyarch Acquisition Corp |
Closed
35,000
|
$349,000 | |
| Altisource Portfolio Solns S |
Closed
22,000
|
$288,000 | |
| W & T Offshore Inc |
Closed
47,500
|
$278,000 | |
| In8bio Inc |
Closed
50,000
|
$101,000 | |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||