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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 | |
|---|---|---|---|---|---|---|
126
PUT
NovoCure
NVCR
$1.77B
| $12.6M | 0.2% |
171,300
+36,000
| +27% | +$2.71M |
|
127
CALL
Geron
GERN
$828M
| $12.5M | 0.2% |
5,173,900
+1,895,500
| +58% | +$4.25M |
|
128
CALL
Norwegian Cruise Line
NCLH
$8.45B
| $12.4M | 0.19% |
1,015,000
+5,000
| +0.5% | +$75.3K |
|
129
Range Resources
RRC
$9.31B
| $12.4M | 0.19% |
493,749
-94,451
| -16% | -$2.59M |
|
130
PUT
Iron Mountain
IRM
$36.7B
| $12.3M | 0.19% |
247,500
+152,500
| +161% | +$7.7M |
|
131
CALL
Spectrum Brands
SPB
$2.04B
| $12.2M | 0.19% |
+201,000
| New | +$10.1M |
|
132
PUT
Western Alliance Bancorporation
WAL
$8.83B
| $12.2M | 0.19% |
+204,500
| New | +$13.2M |
|
|
EXAS
133
CALL
DELISTED
Exact Sciences
EXAS
| $12M | 0.19% |
+243,200
| New | +$9.94M |
|
|
SGI
134
CALL
Somnigroup International
SGI
$14B
| $12M | 0.19% |
350,000
| – | – |
|
135
CALL
ChargePoint
CHPT
$139M
| $12M | 0.19% |
63,000
-12,500
| -17% | -$3.04M |
|
|
COOP
136
PUT
DELISTED
Mr. Cooper
COOP
| $11.9M | 0.19% |
+297,000
| New | +$12.5M |
|
137
CALL
Palo Alto Networks
PANW
$266B
| $11.9M | 0.19% |
170,800
-31,200
| -15% | -$2.51M |
|
|
MRO
138
PUT
DELISTED
Marathon Oil Corporation
MRO
| $11.8M | 0.18% |
434,900
| – | – |
|
|
MPT
139
PUT
Medical Properties Trust
MPT
$2.75B
| $11.7M | 0.18% |
1,049,000
+42,000
| +4% | +$488K |
|
140
CALL
SentinelOne
S
$6.39B
| $11.7M | 0.18% |
800,000
+350,000
| +78% | +$6.48M |
|
141
PUT
ServiceNow
NOW
$114B
| $11.6M | 0.18% |
+150,000
| New | +$11.7M |
|
|
DISH
142
PUT
DELISTED
DISH Network Corp.
DISH
| $11.5M | 0.18% |
818,000
-50,000
| -6% | -$738K |
|
143
PUT
Vistra
VST
$49.8B
| $11.5M | 0.18% |
495,000
-2,500
| -0.5% | -$57.9K |
|
|
144
PUT
APA Corp
APA
$12.9B
| $11.4M | 0.18% |
243,900
-60,000
| -20% | -$2.68M |
|
|
145
APA Corp
APA
$12.9B
| $11.3M | 0.18% |
242,900
+167,900
| +224% | +$7.51M |
|
146
CALL
Kymera Therapeutics
KYMR
$8.55B
| $11.1M | 0.17% |
+445,600
| New | +$11.9M |
|
147
CALL
Warner Bros
WBD
$64.2B
| $11.1M | 0.17% |
1,171,600
+21,600
| +2% | +$244K |
|
|
ESPR
148
CALL
DELISTED
Esperion Therapeutics
ESPR
| $11M | 0.17% |
1,763,500
+819,600
| +87% | +$5.86M |
|
149
PUT
Abbott
ABT
$182B
| $11M | 0.17% |
+100,000
| New | +$10.4M |
|
150
CALL
IBM
IBM
$207B
| $10.9M | 0.17% |
+77,500
| New | +$10.7M |
|
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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.