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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 | |
|---|---|---|---|---|---|---|
951
Protagonist Therapeutics
PTGX
$8.79B
| $436K | 0.01% |
40,000
| – | – |
|
952
Cenovus Energy
CVE
$55.7B
| $435K | 0.01% |
22,432
-42,000
| -65% | -$805K |
|
953
CALL
Regions Financial
RF
$26.4B
| $429K | 0.01% |
19,900
| – | – |
|
|
STKL
954
DELISTED
SunOpta
STKL
| $422K | 0.01% |
50,000
| – | – |
|
955
Bumble
BMBL
$372M
| $421K | 0.01% |
+20,000
| New | +$460K |
|
|
CVAC
956
CALL
DELISTED
CureVac
CVAC
| $416K | 0.01% |
69,000
| – | – |
|
|
MPT
957
Medical Properties Trust
MPT
$2.77B
| $416K | 0.01% |
37,327
-82,823
| -69% | -$963K |
|
958
PUT
Shake Shack
SHAK
$2.53B
| $415K | 0.01% |
+10,000
| New | +$487K |
|
959
EPR Properties
EPR
$4.76B
| $415K | 0.01% |
11,000
-5,000
| -31% | -$195K |
|
960
DigitalBridge
DBRG
$2.93B
| $415K | 0.01% |
37,898
+23,750
| +168% | +$309K |
|
|
NOVA
961
DELISTED
Sunnova Energy
NOVA
| $414K | 0.01% |
23,000
+22,103
| +2,464% | +$445K |
|
962
Cognizant
CTSH
$24.9B
| $414K | 0.01% |
+7,231
| New | +$424K |
|
|
MRNS
963
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $410K | 0.01% |
+103,022
| New | +$506K |
|
964
CALL
Kinross Gold
KGC
$27.4B
| $409K | 0.01% |
100,000
| – | – |
|
|
AGEN
965
Agenus
AGEN
$312M
| $408K | 0.01% |
+8,661
| New | +$440K |
|
966
PUT
Aehr Test Systems
AEHR
$2.61B
| $402K | 0.01% |
+20,000
| New | +$428K |
|
967
Johnson & Johnson
JNJ
$618B
| $401K | 0.01% |
2,268
-3,732
| -62% | -$644K |
|
|
HBI
968
PUT
DELISTED
Hanesbrands
HBI
| $398K | 0.01% |
62,500
-147,300
| -70% | -$1.01M |
|
|
AVDL
969
CALL
DELISTED
Avadel Pharmaceuticals
AVDL
| $394K | 0.01% |
+55,000
| New | +$386K |
|
970
LivaNova
LIVN
$4.4B
| $394K | 0.01% |
7,088
-73,912
| -91% | -$3.78M |
|
971
PubMatic
PUBM
$585M
| $387K | 0.01% |
+30,202
| New | +$473K |
|
972
CALL
Equinox Gold
EQX
$7.06B
| $385K | 0.01% |
117,500
| – | – |
|
|
SAFE
973
CALL
Safehold
SAFE
$1.16B
| $382K | 0.01% |
8,000
-12,544
| -61% | -$604K |
|
|
RFP
974
CALL
DELISTED
Resolute Forest Products Inc.
RFP
| $378K | 0.01% |
17,500
-112,500
| -87% | -$2.35M |
|
975
Steel Dynamics
STLD
$36B
| $371K | 0.01% |
3,800
-12,448
| -77% | -$1.2M |
|
Similar funds
ASRS
PP
VMPIC
BCIM
BBA
FCM
AIMCA
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.