Precept Management 13F annual report

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.

$11.2 billion Assets Under Management (AUM)

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.

Careers at Precept Management

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.

Recent trades

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.

One of the smaller hedge funds

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.

Nick Roossien investment strategy

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.

The complete list of Precept Management trades based on 13F SEC filings

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