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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
+13.77%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$6.41B
AUM Growth
-$838M
Cap. Flow
-$1.23B
Cap. Flow %
-19.2%
Top 10 Hldgs %
13.63%
Holding
1,903
New
444
Increased
263
Reduced
318
Closed
672

Top Buys

Rank Stock Value
1
PMT
PennyMac Mortgage Investment
PMT
+$19.7M
2
BMY icon
Bristol-Myers Squibb
BMY
+$17M
3
XBI icon
State Street SPDR S&P Biotech ETF
XBI
+$13.6M
4
EVA
Enviva Inc.
EVA
+$8.45M
5
APA icon
APA Corp
APA
+$7.51M

Top Sells

Rank Stock Value
1
PBR icon
Petrobras
PBR
+$43.9M
2
UAN icon
CVR Partners
UAN
+$26M
3
ZM icon
Zoom
ZM
+$12.1M
4
EQT icon
EQT Corp
EQT
+$12M
5
PING
Ping Identity Holding Corp.
PING
+$6.13M

Sector Composition

Rank Sector Weight
1 Healthcare 2.55%
2 Energy 1.26%
3 Technology 1.15%
4 Consumer Discretionary 0.9%
5 Materials 0.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MDGL icon
51
PUT
Madrigal Pharmaceuticals
MDGL
$11.1B
$24.8M 0.39%
+85,300
New +$8.34M
FIVE icon
52
PUT
Five Below
FIVE
$11.9B
$24.4M 0.38%
+137,800
New +$21.7M
MCK icon
53
PUT
McKesson
MCK
$101B
$23.4M 0.37%
62,500
-1,500
-2% -$559K
VICI icon
54
PUT
VICI Properties
VICI
$29B
$23.3M 0.36%
717,600
– –
SIG icon
55
PUT
Signet Jewelers
SIG
$3.68B
$22.4M 0.35%
+329,100
New +$21M
M icon
56
CALL
Macy's
M
$6.46B
$21.7M 0.34%
1,050,600
+295,600
+39% +$6.05M
FSLR icon
57
PUT
First Solar
FSLR
$22.5B
$21.6M 0.34%
144,000
-45,000
-24% -$6.67M
TEVA icon
58
CALL
Teva Pharmaceuticals
TEVA
$40.8B
$21.5M 0.34%
2,359,200
+674,200
+40% +$5.88M
IWF icon
59
PUT
iShares Russell 1000 Growth ETF
IWF
$120B
$21.4M 0.33%
+399,600
New +$22M
WMT icon
60
PUT
Walmart Inc
WMT
$883B
$21.3M 0.33%
+450,000
New +$21.4M
XYZ
61
CALL
Block Inc
XYZ
$48.9B
$21.1M 0.33%
336,000
+64,000
+24% +$3.95M
UNP icon
62
CALL
Union Pacific
UNP
$172B
$20.7M 0.32%
100,000
+85,100
+571% +$17.5M
UNP icon
63
PUT
Union Pacific
UNP
$172B
$20.7M 0.32%
+100,000
New +$20.5M
DIS icon
64
CALL
Walt Disney
DIS
$167B
$20.6M 0.32%
237,500
+97,500
+70% +$9.33M
EXAS
65
PUT
DELISTED
Exact Sciences
EXAS
$20.6M 0.32%
415,600
+63,600
+18% +$2.6M
MRK icon
66
PUT
Merck
MRK
$320B
$20M 0.31%
180,000
+30,000
+20% +$3.07M
AZN icon
67
PUT
AstraZeneca
AZN
$263B
$19.7M 0.31%
145,000
– –
NEE icon
68
PUT
NextEra Energy
NEE
$183B
$19.6M 0.31%
235,000
+95,000
+68% +$7.67M
ASND icon
69
CALL
Ascendis Pharma A/S
ASND
$16.3B
$19.4M 0.3%
159,200
-488,800
-75% -$56.8M
KWEB icon
70
PUT
KraneShares CSI China Internet ETF
KWEB
$5.58B
$19.4M 0.3%
+643,800
New +$16.4M
INSP icon
71
CALL
Inspire Medical Systems
INSP
$1.42B
$19.3M 0.3%
76,800
+37,500
+95% +$8M
INSP icon
72
PUT
Inspire Medical Systems
INSP
$1.42B
$19.3M 0.3%
+76,800
New +$16.4M
AMT icon
73
CALL
American Tower
AMT
$80.7B
$18.7M 0.29%
+88,300
New +$18.4M
BBWI icon
74
CALL
Bath & Body Works
BBWI
$3.96B
$18.6M 0.29%
441,900
-19,300
-4% -$720K
SABR icon
75
CALL
Sabre
SABR
$743M
$18.6M 0.29%
3,010,000
-140,000
-4% -$782K
1 2
3
4 5

Similar funds

ASRS
Arizona State Retirement System Phoenix, Arizona $17.1B AUM 30.52% 1-Year Est. Return
PP
Prudential plc London, England, United Kingdom $17.1B AUM 15.7% 1-Year Est. Return
VMPIC
Varma Mutual Pension Insurance Co Helsinki, Finland $17B AUM 24.09% 1-Year Est. Return
BCIM
British Columbia Investment Management Victoria, British Columbia, Canada $17B AUM 31.69% 1-Year Est. Return
BBA
Baker Bros. Advisors New York $17.4B AUM 131.5% 1-Year Est. Return
Macquarie Group
Macquarie Group Sydney, NSW 2000, Australia $16.8B AUM 27.39% 1-Year Est. Return
FCM
Farallon Capital Management San Francisco, California $17.5B AUM 50.95% 1-Year Est. Return
AIMCA
Alberta Investment Management Corp (AIMCo) Edmonton, Alberta, Canada $16.7B AUM 23.27% 1-Year Est. Return

Caption Management's Q4 2022 Portfolio in Review

As of Q4 2022, Caption Management held 1,903 positions worth $6.41B, down 12% from $7.25B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Caption Management withdrew a net $1.23B in Q4 2022, closing 672 positions and reducing 318 holdings. Its most notable exit was Petrobras, an estimated $43.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 2.5% of assets, up from 1.5% a quarter earlier, followed by Energy and Technology.

Against the trend, Caption Management opened a new position in PennyMac Mortgage Investment worth $17.9M.

  • Caption Management's largest Q4 2022 buy was PennyMac Mortgage Investment: 1,448,050 shares worth $17.9M.
  • Caption Management added most to State Street SPDR S&P Biotech ETF in Q4 2022, an estimated $13.6M increase.
  • Caption Management's biggest Q4 2022 reduction was EQT Corp, cutting an estimated $12M.
  • Caption Management fully exited Petrobras in Q4 2022, selling an estimated $43.9M.
  • Caption Management's ten largest holdings make up 14% of its $6.41B portfolio in Q4 2022.
  • Caption Management opened 444 new positions and closed 672 in Q4 2022.
  • Caption Management's portfolio value fell 12% quarter-over-quarter to $6.41B.

Based on Caption Management's 13F filing for Q4 2022, filed 14 Feb 2023.