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Caption Management Portfolio holdings
AUM
$17.1B
1-Year Est. Return
70.99%
This Fund
S&P 500
This Quarter
Est. Return
-17.39%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$1.25B
AUM Growth
-$561M
(-31%)
Cap. Flow
-$331M
Cap. Flow
% of AUM
-26.44%
Top 10 Holdings %
Top 10 Hldgs %
16.94%
Holding
740
New
246
Increased
80
Reduced
74
Closed
288
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Caesars Entertainment
CZR
|
+$26M |
| 2 |
EXAS
Exact Sciences
EXAS
|
+$9.82M |
| 3 |
Five Below
FIVE
|
+$7.18M |
| 4 |
Cigna
CI
|
+$5.75M |
| 5 |
RTX Corp
RTX
|
+$5.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DaVita
DVA
|
+$14.1M |
| 2 |
News Corp Class A
NWSA
|
+$6.59M |
| 3 |
Charter Communications
CHTR
|
+$6.52M |
| 4 |
LiveRamp
RAMP
|
+$6.38M |
| 5 |
PARA
Paramount Global Class B
PARA
|
+$5.01M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 5.84% |
| 2 | Healthcare | 4.45% |
| 3 | Technology | 2.49% |
| 4 | Communication Services | 1.47% |
| 5 | Industrials | 1.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
501
PUT
DaVita
DVA
$15.4B
| – | – |
-709,600
| Closed | -$50.8M |
|
502
DXC Technology
DXC
$1.82B
| – | – |
-6,000
| Closed | -$562K |
|
|
503
PUT
DXC Technology
DXC
$1.82B
| – | – |
-45,000
| Closed | -$4.21M |
|
504
CALL
Enphase Energy
ENPH
$4.96B
| – | – |
-20,000
| Closed | -$97K |
|
|
505
Enphase Energy
ENPH
$4.96B
| – | – |
-7,000
| Closed | -$34K |
|
|
506
PUT
Enphase Energy
ENPH
$4.96B
| – | – |
-20,000
| Closed | -$97K |
|
507
CALL
EQT Corp
EQT
$33.3B
| – | – |
-459,250
| Closed | -$9.59M |
|
|
508
PUT
EQT Corp
EQT
$33.3B
| – | – |
-83,584
| Closed | -$1.75M |
|
509
CALL
Exelon
EXC
$47.2B
| – | – |
-140,200
| Closed | -$4.37M |
|
510
Expedia Group
EXPE
$35.4B
| – | – |
-4,500
| Closed | -$587K |
|
|
511
PUT
Expedia Group
EXPE
$35.4B
| – | – |
-12,000
| Closed | -$1.57M |
|
|
FL
512
PUT
DELISTED
Foot Locker
FL
| – | – |
-40,000
| Closed | -$2.04M |
|
513
Fluor
FLR
$7.01B
| – | – |
-40,000
| Closed | -$2.32M |
|
514
Freshpet
FRPT
$2.93B
| – | – |
-30,000
| Closed | -$1.1M |
|
515
CALL
Fortinet
FTNT
$119B
| – | – |
-125,000
| Closed | -$2.31M |
|
|
GDEN
516
CALL
DELISTED
Golden Entertainment
GDEN
| – | – |
-20,000
| Closed | -$480K |
|
517
GDS Holdings
GDS
$6.56B
| – | – |
-50,440
| Closed | -$1.77M |
|
518
PUT
Geron
GERN
$828M
| – | – |
-843,300
| Closed | -$1.49M |
|
519
PUT
Gilead Sciences
GILD
$162B
| – | – |
-250,000
| Closed | -$19.3M |
|
520
CALL
Gaming and Leisure Properties
GLPI
$12.7B
| – | – |
-24,300
| Closed | -$856K |
|
521
Granite Construction
GVA
$5.29B
| – | – |
-8,100
| Closed | -$370K |
|
522
Hain Celestial
HAIN
$45M
| – | – |
-93,000
| Closed | -$2.52M |
|
|
523
PUT
Hain Celestial
HAIN
$45M
| – | – |
-145,500
| Closed | -$3.95M |
|
524
PUT
Halozyme
HALO
$9.79B
| – | – |
-25,000
| Closed | -$454K |
|
525
Hasbro
HAS
$13.2B
| – | – |
-16,000
| Closed | -$1.49M |
|
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Caption Management's Q4 2018 Portfolio in Review
As of Q4 2018, Caption Management held 740 positions worth $1.25B, down 31% from $1.81B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Caption Management withdrew a net $331M in Q4 2018, closing 288 positions and reducing 74 holdings. Its most notable exit was News Corp Class A, an estimated $6.59M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 5.8% of assets, up from 2.8% a quarter earlier, followed by Healthcare and Technology.
Against the trend, Caption Management opened a new position in Caesars Entertainment worth $23.7M.
- Caption Management's largest Q4 2018 buy was Caesars Entertainment: 655,000 shares worth $23.7M.
- Caption Management added most to Kohl's in Q4 2018, an estimated $4.21M increase.
- Caption Management's biggest Q4 2018 reduction was DaVita, cutting an estimated $14.1M.
- Caption Management fully exited News Corp Class A in Q4 2018, selling an estimated $6.59M.
- Caption Management's ten largest holdings make up 17% of its $1.25B portfolio in Q4 2018.
- Caption Management opened 246 new positions and closed 288 in Q4 2018.
- Caption Management's portfolio value fell 31% quarter-over-quarter to $1.25B.
Based on Caption Management's 13F filing for Q4 2018, filed 30 Jan 2019.