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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
KO icon
1501
PUT
Coca-Cola
KO
$377B
– –
-200,000
Closed -$11.2M
KOD icon
1502
Kodiak Sciences
KOD
$2.6B
– –
-41,200
Closed -$319K
KOS icon
1503
CALL
Kosmos Energy
KOS
$1.6B
– –
-2,870,000
Closed -$14.8M
KROS icon
1504
Keros Therapeutics
KROS
$199M
– –
-20,000
Closed -$753K
KSS icon
1505
CALL
Kohl's
KSS
$2.17B
– –
-83,000
Closed -$2.09M
KURA icon
1506
CALL
Kura Oncology
KURA
$800M
– –
-20,000
Closed -$274K
KZR
1507
CALL
DELISTED
Kezar Life Sciences
KZR
– –
-23,080
Closed -$1.99M
KZR
1508
DELISTED
Kezar Life Sciences
KZR
– –
-130
Closed -$11K
LEGN icon
1509
CALL
Legend Biotech
LEGN
$3.59B
– –
-48,000
Closed -$1.96M
LIVN icon
1510
CALL
LivaNova
LIVN
$4.4B
– –
-158,700
Closed -$8.05M
LIVN icon
1511
PUT
LivaNova
LIVN
$4.4B
– –
-73,400
Closed -$3.73M
LLY icon
1512
CALL
Eli Lilly
LLY
$1.02T
– –
-17,500
Closed -$5.66M
LLY icon
1513
Eli Lilly
LLY
$1.02T
– –
-237
Closed -$77K
LLY icon
1514
PUT
Eli Lilly
LLY
$1.02T
– –
-36,700
Closed -$11.9M
LNTH icon
1515
PUT
Lantheus
LNTH
$6.49B
– –
-22,000
Closed -$1.55M
LOVE
1516
CALL
DELISTED
LoveSac
LOVE
– –
-80,000
Closed -$1.63M
LOVE
1517
DELISTED
LoveSac
LOVE
– –
-42,000
Closed -$856K
LQDA icon
1518
CALL
Liquidia Corp
LQDA
$7.48B
– –
-93,800
Closed -$511K
LQDA icon
1519
Liquidia Corp
LQDA
$7.48B
– –
-55,536
Closed -$303K
LQDA icon
1520
PUT
Liquidia Corp
LQDA
$7.48B
– –
-117,500
Closed -$640K
LW icon
1521
Lamb Weston
LW
$7.22B
– –
-9,000
Closed -$695K
LW icon
1522
PUT
Lamb Weston
LW
$7.22B
– –
-50,000
Closed -$3.87M
LXU icon
1523
LSB Industries
LXU
$783M
– –
-18,750
Closed -$267K
LYB icon
1524
LyondellBasell Industries
LYB
$20B
– –
-34,000
Closed -$2.56M
LYB icon
1525
PUT
LyondellBasell Industries
LYB
$20B
– –
-55,000
Closed -$4.14M
59 60
61
62 63

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.