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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
(-12%)
Cap. Flow
-$1.23B
Cap. Flow
% of AUM
-19.2%
Top 10 Holdings %
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 |
Bristol-Myers Squibb
BMY
|
+$17M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$13.6M |
| 4 |
EVA
Enviva Inc.
EVA
|
+$8.45M |
| 5 |
APA Corp
APA
|
+$7.51M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Petrobras
PBR
|
+$43.9M |
| 2 |
CVR Partners
UAN
|
+$26M |
| 3 |
Zoom
ZM
|
+$12.1M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
751
CALL
American Outdoor Brands
AOUT
$161M
| $1M | 0.02% |
+100,000
| New | +$931K |
|
|
ME
752
PUT
DELISTED
23andMe Holding Co
ME
| $999K | 0.02% |
23,130
| – | – |
|
|
VNET
753
VNET Group
VNET
$2.04B
| $992K | 0.02% |
175,036
+125,036
| +250% | +$644K |
|
754
CALL
Establishment Labs
ESTA
$2.73B
| $985K | 0.02% |
+15,000
| New | +$906K |
|
|
DFS
755
PUT
DELISTED
Discover Financial Services
DFS
| $978K | 0.02% |
10,000
-23,000
| -70% | -$2.31M |
|
756
Ross Stores
ROST
$81.1B
| $969K | 0.02% |
+8,345
| New | +$851K |
|
757
Cheesecake Factory
CAKE
$5.21B
| $967K | 0.02% |
30,500
+10,500
| +53% | +$351K |
|
758
Wolfspeed
WOLF
$1.27B
| $967K | 0.02% |
+14,000
| New | +$1.24M |
|
|
COWN
759
PUT
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $966K | 0.02% |
25,000
| – | – |
|
760
Caterpillar
CAT
$382B
| $958K | 0.01% |
+4,000
| New | +$871K |
|
761
Regions Financial
RF
$26.9B
| $953K | 0.01% |
44,200
+35,000
| +380% | +$759K |
|
762
First Solar
FSLR
$25B
| $948K | 0.01% |
6,329
+5,717
| +934% | +$847K |
|
763
CALL
Delek US
DK
$4.05B
| $945K | 0.01% |
35,000
-164,700
| -82% | -$4.86M |
|
|
EXE
764
Expand Energy Corp
EXE
$21.9B
| $944K | 0.01% |
+10,000
| New | +$991K |
|
|
EXE
765
PUT
Expand Energy Corp
EXE
$21.9B
| $944K | 0.01% |
10,000
-121,200
| -92% | -$12M |
|
766
CALL
Darling Ingredients
DAR
$9.5B
| $939K | 0.01% |
15,000
-75,800
| -83% | -$5.35M |
|
767
PUT
LiveRamp
RAMP
$2.3B
| $938K | 0.01% |
+40,000
| New | +$808K |
|
768
CALL
Griffon
GFF
$4.1B
| $931K | 0.01% |
26,000
-94,000
| -78% | -$3.14M |
|
769
CALL
Ultragenyx Pharmaceutical
RARE
$2.46B
| $927K | 0.01% |
20,000
-102,900
| -84% | -$4.05M |
|
|
770
PUT
Ultragenyx Pharmaceutical
RARE
$2.46B
| $927K | 0.01% |
20,000
-62,400
| -76% | -$2.45M |
|
771
CALL
OR Royalties Inc
OR
$5.71B
| $926K | 0.01% |
+76,700
| New | +$888K |
|
772
CALL
Design Therapeutics
DSGN
$797M
| $923K | 0.01% |
+90,000
| New | +$1.22M |
|
|
SRG
773
CALL
Seritage Growth Properties
SRG
$137M
| $920K | 0.01% |
+77,800
| New | +$862K |
|
774
Theravance Biopharma
TBPH
$874M
| $920K | 0.01% |
82,000
+22,000
| +37% | +$231K |
|
775
CALL
BioCryst Pharmaceuticals
BCRX
$2.24B
| $918K | 0.01% |
80,000
+10,000
| +14% | +$125K |
|
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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.