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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
INCY icon
1476
PUT
Incyte
INCY
$24.2B
– –
-30,000
Closed -$2M
INDI icon
1477
CALL
indie Semiconductor
INDI
$682M
– –
-10,000
Closed -$74K
INSM icon
1478
Insmed
INSM
$21.4B
– –
-7,000
Closed -$135K
INSP icon
1479
Inspire Medical Systems
INSP
$1.45B
– –
-1,700
Closed -$362K
INTC icon
1480
Intel
INTC
$455B
– –
-57,000
Closed -$1.58M
INTC icon
1481
PUT
Intel
INTC
$455B
– –
-125,000
Closed -$3.22M
IOVA icon
1482
CALL
Iovance Biotherapeutics
IOVA
$1.82B
– –
-90,000
Closed -$862K
IOVA icon
1483
Iovance Biotherapeutics
IOVA
$1.82B
– –
-5,397
Closed -$52K
IQV icon
1484
IQVIA
IQV
$38.7B
– –
-807
Closed -$147K
IQV icon
1485
PUT
IQVIA
IQV
$38.7B
– –
-11,600
Closed -$2.1M
IRTC icon
1486
iRhythm Holdings
IRTC
$3.85B
– –
-4,500
Closed -$563K
ITB icon
1487
PUT
iShares US Home Construction ETF
ITB
$2.26B
– –
-13,200
Closed -$686K
IYR icon
1488
CALL
iShares US Real Estate ETF
IYR
$4.66B
– –
-43,000
Closed -$3.5M
IYR icon
1489
iShares US Real Estate ETF
IYR
$4.66B
– –
-3,936
Closed -$320K
JBI icon
1490
CALL
Janus International
JBI
$700M
– –
-50,000
Closed -$446K
JELD icon
1491
JELD-WEN Holding
JELD
$122M
– –
-40,000
Closed -$349K
JELD icon
1492
PUT
JELD-WEN Holding
JELD
$122M
– –
-115,400
Closed -$1.01M
JPM icon
1493
CALL
JPMorgan Chase
JPM
$935B
– –
-50,000
Closed -$5.22M
KALV
1494
CALL
DELISTED
KalVista Pharmaceuticals
KALV
– –
-140,000
Closed -$2.03M
OPLN
1495
CALL
Openlane
OPLN
$4.21B
– –
-47,500
Closed -$531K
KBE icon
1496
CALL
State Street SPDR S&P Bank ETF
KBE
$1.64B
– –
-92,900
Closed -$4.11M
KD icon
1497
CALL
Kyndryl
KD
$2.99B
– –
-132,000
Closed -$1.09M
KKR icon
1498
PUT
KKR & Co
KKR
$91.1B
– –
-29,000
Closed -$1.25M
KO icon
1499
CALL
Coca-Cola
KO
$377B
– –
-80,000
Closed -$4.48M
KO icon
1500
Coca-Cola
KO
$377B
– –
-21,425
Closed -$1.2M
58 59
60
61 62

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.