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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
+6.75%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$5.18B
AUM Growth
-$1.23B
Cap. Flow
-$1.43B
Cap. Flow %
-27.54%
Top 10 Hldgs %
16.5%
Holding
1,730
New
499
Increased
190
Reduced
247
Closed
699

Top Buys

Rank Stock Value
1
MDGL icon
Madrigal Pharmaceuticals
MDGL
+$12.3M
2
KWEB icon
KraneShares CSI China Internet ETF
KWEB
+$11.1M
3
WWE
World Wrestling Entertainment
WWE
+$10.5M
4
DIS icon
Walt Disney
DIS
+$10.3M
5
UBS icon
UBS Group
UBS
+$10M

Top Sells

Rank Stock Value
1
PMT
PennyMac Mortgage Investment
PMT
+$17.9M
2
AR icon
Antero Resources
AR
+$17.5M
3
TECK icon
Teck Resources
TECK
+$17.2M
4
ONC
BeOne Medicines Ltd
ONC
+$16.4M
5
EQT icon
EQT Corp
EQT
+$14.5M

Sector Composition

Rank Sector Weight
1 Healthcare 1.97%
2 Technology 1.38%
3 Consumer Discretionary 0.99%
4 Communication Services 0.82%
5 Financials 0.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLB icon
1501
CALL
SLB Ltd
SLB
$73.6B
– –
-202,000
Closed -$10.8M
SLB icon
1502
PUT
SLB Ltd
SLB
$73.6B
– –
-94,000
Closed -$5.03M
SLG icon
1503
CALL
SL Green Realty
SLG
$3.76B
– –
-25,000
Closed -$843K
SLI
1504
CALL
Standard Lithium
SLI
$502M
– –
-105,000
Closed -$310K
SMH icon
1505
CALL
VanEck Semiconductor ETF
SMH
$65.2B
– –
-50,000
Closed -$5.07M
SMH icon
1506
PUT
VanEck Semiconductor ETF
SMH
$65.2B
– –
-95,000
Closed -$9.64M
SNAP icon
1507
Snap
SNAP
$7.89B
– –
-10,748
Closed -$96.2K
SNN icon
1508
Smith & Nephew
SNN
$13.3B
– –
-6,000
Closed -$161K
SPGI icon
1509
S&P Global
SPGI
$121B
– –
-2,100
Closed -$703K
SPTN
1510
CALL
DELISTED
SpartanNash
SPTN
– –
-5,200
Closed -$157K
SPTN
1511
DELISTED
SpartanNash
SPTN
– –
-3,000
Closed -$90.7K
SPWH icon
1512
Sportsman's Warehouse
SPWH
$44.5M
– –
-7,741
Closed -$72.8K
SRG
1513
CALL
Seritage Growth Properties
SRG
$136M
– –
-77,800
Closed -$920K
SRG
1514
Seritage Growth Properties
SRG
$136M
– –
-18,100
Closed -$214K
SRG
1515
PUT
Seritage Growth Properties
SRG
$136M
– –
-100,000
Closed -$1.18M
SSL icon
1516
Sasol
SSL
$7.5B
– –
-11,900
Closed -$187K
SSL icon
1517
PUT
Sasol
SSL
$7.5B
– –
-11,900
Closed -$187K
STKL
1518
CALL
DELISTED
SunOpta
STKL
– –
-1,087,700
Closed -$9.18M
STKL
1519
DELISTED
SunOpta
STKL
– –
-50,000
Closed -$422K
STKL
1520
PUT
DELISTED
SunOpta
STKL
– –
-842,300
Closed -$7.11M
STLD icon
1521
Steel Dynamics
STLD
$36B
– –
-3,800
Closed -$371K
STLD icon
1522
PUT
Steel Dynamics
STLD
$36B
– –
-50,000
Closed -$4.88M
STNE icon
1523
CALL
StoneCo
STNE
$2.77B
– –
-183,600
Closed -$1.73M
STX icon
1524
CALL
Seagate
STX
$194B
– –
-80,800
Closed -$4.25M
STX icon
1525
Seagate
STX
$194B
– –
-4,697
Closed -$247K
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 Q1 2023 Portfolio in Review

As of Q1 2023, Caption Management held 1,730 positions worth $5.18B, down 19% from $6.41B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Caption Management withdrew a net $1.43B in Q1 2023, closing 699 positions and reducing 247 holdings. Its most notable exit was PennyMac Mortgage Investment, an estimated $17.9M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 2% of assets, down from 2.5% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Caption Management opened a new position in World Wrestling Entertainment worth $11.2M.

  • Caption Management's largest Q1 2023 buy was World Wrestling Entertainment: 123,000 shares worth $11.2M.
  • Caption Management added most to Madrigal Pharmaceuticals in Q1 2023, an estimated $12.3M increase.
  • Caption Management's biggest Q1 2023 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $13.3M.
  • Caption Management fully exited PennyMac Mortgage Investment in Q1 2023, selling an estimated $17.9M.
  • Caption Management's ten largest holdings make up 16% of its $5.18B portfolio in Q1 2023.
  • Caption Management opened 499 new positions and closed 699 in Q1 2023.
  • Caption Management's portfolio value fell 19% quarter-over-quarter to $5.18B.

Based on Caption Management's 13F filing for Q1 2023, filed 15 May 2023.