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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
EQT icon
76
PUT
EQT Corp
EQT
$33.1B
$18.5M 0.29%
547,500
-356,200
-39% -$14.3M
BMRN icon
77
PUT
BioMarin Pharmaceuticals
BMRN
$11.5B
$18.4M 0.29%
178,000
+78,000
+78% +$7.32M
PMT
78
PUT
PennyMac Mortgage Investment
PMT
$799M
$18.4M 0.29%
+1,485,000
New +$20.2M
FDX icon
79
CALL
FedEx
FDX
$73.1B
$18.2M 0.28%
105,000
– –
TEVA icon
80
PUT
Teva Pharmaceuticals
TEVA
$40.8B
$18M 0.28%
1,976,000
– –
PMT
81
PennyMac Mortgage Investment
PMT
$799M
$17.9M 0.28%
+1,448,050
New +$19.7M
EFX icon
82
PUT
Equifax
EFX
$20.6B
$17.8M 0.28%
+91,500
New +$16.7M
HUBS icon
83
PUT
HubSpot
HUBS
$11.9B
$17.7M 0.28%
+61,100
New +$17.3M
JNJ icon
84
PUT
Johnson & Johnson
JNJ
$614B
$17.7M 0.28%
100,000
-200,000
-67% -$34.5M
LVS icon
85
PUT
Las Vegas Sands
LVS
$32.1B
$17.6M 0.28%
367,100
-55,000
-13% -$2.33M
AR icon
86
Antero Resources
AR
$11B
$17.5M 0.27%
565,079
-67,717
-11% -$2.34M
RH icon
87
CALL
RH
RH
$3.12B
$17.4M 0.27%
65,000
– –
MCHP icon
88
PUT
Microchip Technology
MCHP
$40.7B
$17.2M 0.27%
245,000
+213,000
+666% +$14.7M
TECK icon
89
Teck Resources
TECK
$30.1B
$17.2M 0.27%
454,200
+68,900
+18% +$2.39M
TECK icon
90
PUT
Teck Resources
TECK
$30.1B
$17.2M 0.27%
454,200
– –
BKI
91
CALL
DELISTED
Black Knight, Inc. Common Stock
BKI
$17M 0.27%
+276,000
New +$16.8M
ATVI
92
PUT
DELISTED
Activision Blizzard
ATVI
$16.9M 0.26%
+220,200
New +$16.4M
RXDX
93
CALL
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
$16.5M 0.26%
150,200
+136,200
+973% +$8.83M
BMY icon
94
Bristol-Myers Squibb
BMY
$131B
$16.2M 0.25%
+225,850
New +$17M
VEEV icon
95
PUT
Veeva Systems
VEEV
$33.2B
$16.1M 0.25%
+100,000
New +$17.1M
TGTX icon
96
CALL
TG Therapeutics
TGTX
$8.1B
$16M 0.25%
1,356,000
+1,214,300
+857% +$8.81M
SABR icon
97
PUT
Sabre
SABR
$743M
$16M 0.25%
2,584,100
+251,600
+11% +$1.4M
META icon
98
CALL
Meta Platforms (Facebook)
META
$1.39T
$15.8M 0.25%
131,300
+116,300
+775% +$13.7M
TTWO icon
99
CALL
Take-Two Interactive
TTWO
$45.7B
$15.6M 0.24%
150,000
– –
RVNC
100
CALL
DELISTED
Revance Therapeutics, Inc.
RVNC
$15.6M 0.24%
845,800
-315,400
-27% -$7.21M
2 3
4
5 6

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.