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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
-27.56%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$1.77B
AUM Growth
-$1.21B
Cap. Flow
-$436M
Cap. Flow %
-24.67%
Top 10 Hldgs %
12.3%
Holding
1,254
New
453
Increased
136
Reduced
157
Closed
433

Top Buys

Rank Stock Value
1
W icon
Wayfair
W
+$10.9M
2
GE icon
GE Aerospace
GE
+$8.43M
3
BC icon
Brunswick
BC
+$8.36M
4
MLCO icon
Melco Resorts & Entertainment
MLCO
+$6.96M
5
ALXN
Alexion Pharmaceuticals
ALXN
+$5.92M

Top Sells

Rank Stock Value
1
MDCO
Medicines Co
MDCO
+$28.3M
2
TW icon
Tradeweb Markets
TW
+$11.9M
3
QURE icon
uniQure
QURE
+$10.5M
4
ON icon
ON Semiconductor
ON
+$7.63M
5
INST
Instructure, Inc.
INST
+$7.04M

Sector Composition

Rank Sector Weight
1 Healthcare 4.85%
2 Consumer Discretionary 4.41%
3 Technology 1.8%
4 Industrials 1.5%
5 Energy 0.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TPB icon
1076
Turning Point Brands
TPB
$1.45B
– –
-65,500
Closed -$1.53M
TPB icon
1077
PUT
Turning Point Brands
TPB
$1.45B
– –
-65,500
Closed -$1.87M
TPR icon
1078
Tapestry
TPR
$30.8B
– –
-46,400
Closed -$1.25M
TPR icon
1079
PUT
Tapestry
TPR
$30.8B
– –
-64,000
Closed -$1.73M
TRGP icon
1080
CALL
Targa Resources
TRGP
$58B
– –
-268,000
Closed -$10.9M
TV icon
1081
CALL
Televisa
TV
$1.48B
– –
-50,000
Closed -$586K
TW icon
1082
Tradeweb Markets
TW
$21.4B
– –
-256,000
Closed -$11.9M
TW icon
1083
PUT
Tradeweb Markets
TW
$21.4B
– –
-261,000
Closed -$12.1M
TXMD icon
1084
TherapeuticsMD
TXMD
$23.5M
– –
-266
Closed -$26.4K
UNIT
1085
Uniti Group
UNIT
$2.36B
– –
-2,500
Closed -$19.6K
UNIT
1086
PUT
Uniti Group
UNIT
$2.36B
– –
-835,200
Closed -$6.86M
UNP icon
1087
CALL
Union Pacific
UNP
$174B
– –
-100,000
Closed -$18.1M
UNP icon
1088
Union Pacific
UNP
$174B
– –
-7,700
Closed -$1.39M
UPBD icon
1089
CALL
Upbound Group
UPBD
$1.13B
– –
-200
Closed -$6K
UPLD icon
1090
CALL
Upland Software
UPLD
$12.8M
– –
-10,000
Closed -$3.57M
URBN icon
1091
CALL
Urban Outfitters
URBN
$6.35B
– –
-30,000
Closed -$833K
URI icon
1092
CALL
United Rentals
URI
$67.2B
– –
-88,000
Closed -$14.7M
URI icon
1093
PUT
United Rentals
URI
$67.2B
– –
-40,000
Closed -$6.67M
USFD icon
1094
PUT
US Foods
USFD
$22.2B
– –
-30,000
Closed -$1.26M
USNA icon
1095
Usana Health Sciences
USNA
$408M
– –
-400
Closed -$31K
VALE icon
1096
CALL
Vale
VALE
$64.1B
– –
-400,000
Closed -$5.28M
VTRS icon
1097
CALL
Viatris
VTRS
$20.4B
– –
-150,000
Closed -$3.01M
VTRS icon
1098
Viatris
VTRS
$20.4B
– –
-142,700
Closed -$2.87M
VTRS icon
1099
PUT
Viatris
VTRS
$20.4B
– –
-205,300
Closed -$4.13M
VYX icon
1100
CALL
NCR Voyix
VYX
$1.14B
– –
-18,745
Closed -$404K
42 43
44
45 46

Similar funds

ASRS
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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 Q1 2020 Portfolio in Review

As of Q1 2020, Caption Management held 1,254 positions worth $1.77B, down 41% from $2.98B the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Caption Management withdrew a net $436M in Q1 2020, closing 433 positions and reducing 157 holdings. Its most notable exit was Medicines Co, an estimated $28.3M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 4.9% of assets, down from 5.7% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Caption Management opened a new position in Wayfair worth $7.62M.

  • Caption Management's largest Q1 2020 buy was Wayfair: 142,544 shares worth $7.62M.
  • Caption Management added most to GE Aerospace in Q1 2020, an estimated $8.43M increase.
  • Caption Management's biggest Q1 2020 reduction was uniQure, cutting an estimated $10.5M.
  • Caption Management fully exited Medicines Co in Q1 2020, selling an estimated $28.3M.
  • Caption Management's ten largest holdings make up 12% of its $1.77B portfolio in Q1 2020.
  • Caption Management opened 453 new positions and closed 433 in Q1 2020.
  • Caption Management's portfolio value fell 41% quarter-over-quarter to $1.77B.

Based on Caption Management's 13F filing for Q1 2020, filed 15 May 2020.