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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
-2%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$8.75B
AUM Growth
+$1.09B
(+14%)
Cap. Flow
+$1.62B
Cap. Flow
% of AUM
18.52%
Top 10 Holdings %
Top 10 Hldgs %
11.21%
Holding
1,949
New
703
Increased
293
Reduced
258
Closed
492
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Petrobras
PBR
|
+$43.8M |
| 2 |
Charter Communications
CHTR
|
+$30.5M |
| 3 |
X
US Steel
X
|
+$28.3M |
| 4 |
STMP
Stamps.com, Inc.
STMP
|
+$22.8M |
| 5 |
INOV
Inovalon Holdings, Inc. Class A Common Stock
INOV
|
+$19.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darden Restaurants
DRI
|
+$71.1M |
| 2 |
Wayfair
W
|
+$40.2M |
| 3 |
Horizon Kinetics Inflation Beneficiaries ETF
INFL
|
+$20.8M |
| 4 |
RAPT
RAPT Therapeutics
RAPT
|
+$13.9M |
| 5 |
NCR Voyix
VYX
|
+$10.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 3.49% |
| 2 | Consumer Discretionary | 2.52% |
| 3 | Materials | 1.97% |
| 4 | Energy | 1.87% |
| 5 | Technology | 1.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
CALL
Lam Research
LRCX
$376B
| $17.1M | 0.2% |
+300,000
| New | +$18.2M |
|
127
PUT
Caesars Entertainment
CZR
$6.03B
| $16.8M | 0.19% |
150,000
+85,000
| +131% | +$8.3M |
|
128
PUT
Cleveland-Cliffs
CLF
$6.72B
| $16.8M | 0.19% |
849,900
+649,900
| +325% | +$14.8M |
|
129
CALL
Clearwater Paper
CLW
$330M
| $16.8M | 0.19% |
437,700
+292,600
| +202% | +$9.3M |
|
|
CVAC
130
PUT
DELISTED
CureVac
CVAC
| $16.6M | 0.19% |
304,400
+143,000
| +89% | +$8.62M |
|
131
PUT
Alkermes
ALKS
$8.22B
| $16.6M | 0.19% |
538,100
-13,200
| -2% | -$373K |
|
|
SGI
132
PUT
Somnigroup International
SGI
$14.1B
| $16.2M | 0.19% |
+350,000
| New | +$15.3M |
|
|
INOV
133
PUT
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $16.1M | 0.18% |
+400,000
| New | +$15.1M |
|
|
134
PUT
Wayfair
W
$11.5B
| $16.1M | 0.18% |
63,000
+60,000
| +2,000% | +$16.9M |
|
135
PUT
NovoCure
NVCR
$1.79B
| $16M | 0.18% |
138,000
+88,000
| +176% | +$13.3M |
|
136
PUT
TJX Companies
TJX
$175B
| $16M | 0.18% |
+242,500
| New | +$16.9M |
|
137
CALL
Valero Energy
VLO
$92.5B
| $16M | 0.18% |
226,600
+193,600
| +587% | +$12.9M |
|
138
PUT
Sea Limited
SE
$64.9B
| $15.9M | 0.18% |
+50,000
| New | +$15.3M |
|
139
CALL
Delta Air Lines
DAL
$57.7B
| $15.8M | 0.18% |
370,000
+270,000
| +270% | +$11M |
|
140
PUT
Intellia Therapeutics
NTLA
$1.5B
| $15.8M | 0.18% |
117,500
-386,600
| -77% | -$58.5M |
|
141
CALL
Merck
MRK
$319B
| $15.7M | 0.18% |
209,500
+9,500
| +5% | +$723K |
|
142
PUT
Duke Energy
DUK
$97.6B
| $15.7M | 0.18% |
161,200
-49,200
| -23% | -$5.09M |
|
143
PUT
Incyte
INCY
$24.1B
| $15.5M | 0.18% |
225,000
-55,000
| -20% | -$4.18M |
|
144
CALL
Domo
DOMO
$174M
| $15.5M | 0.18% |
183,100
+37,900
| +26% | +$3.24M |
|
145
PUT
Ulta Beauty
ULTA
$22B
| $15.3M | 0.17% |
+42,300
| New | +$15.3M |
|
146
PUT
Nike
NKE
$62.2B
| $15.2M | 0.17% |
+105,000
| New | +$17.1M |
|
|
MRTX
147
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $15.2M | 0.17% |
85,911
+68,911
| +405% | +$11.1M |
|
148
CALL
InMode
INMD
$866M
| $15.1M | 0.17% |
380,000
+327,000
| +617% | +$20M |
|
149
CALL
Moderna
MRNA
$22.9B
| $15.1M | 0.17% |
39,300
-56,700
| -59% | -$20.9M |
|
150
Alcoa
AA
$11.9B
| $14.8M | 0.17% |
+303,400
| New | +$12.8M |
|
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Caption Management's Q3 2021 Portfolio in Review
As of Q3 2021, Caption Management held 1,949 positions worth $8.75B, up 14% from $7.66B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Caption Management deployed $1.62B of net new capital in Q3 2021, opening 703 new positions and adding to 293 existing holdings. Its largest new stake was Petrobras: 4,114,400 shares worth $42.5M.
By sector, the portfolio is most concentrated in Healthcare at 3.5% of assets, up from 3.5% a quarter earlier, followed by Consumer Discretionary and Materials.
On the sell side, the largest reduction was Wayfair, an estimated $40.2M trimmed.
- Caption Management's largest Q3 2021 buy was Petrobras: 4,114,400 shares worth $42.5M.
- Caption Management added most to Stamps.com, Inc. in Q3 2021, an estimated $22.8M increase.
- Caption Management's biggest Q3 2021 reduction was Wayfair, cutting an estimated $40.2M.
- Caption Management fully exited Darden Restaurants in Q3 2021, selling an estimated $71.1M.
- Caption Management's ten largest holdings make up 11% of its $8.75B portfolio in Q3 2021.
- Caption Management opened 703 new positions and closed 492 in Q3 2021.
- Caption Management's portfolio value rose 14% quarter-over-quarter to $8.75B.
Based on Caption Management's 13F filing for Q3 2021, filed 12 Nov 2021.