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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
STX icon
1526
PUT
Seagate
STX
$194B
– –
-15,800
Closed -$831K
STWD icon
1527
CALL
Starwood Property Trust
STWD
$5.92B
– –
-118,000
Closed -$2.16M
STWD icon
1528
Starwood Property Trust
STWD
$5.92B
– –
-12,746
Closed -$234K
STWD icon
1529
PUT
Starwood Property Trust
STWD
$5.92B
– –
-136,400
Closed -$2.5M
SU icon
1530
PUT
Suncor Energy
SU
$79.4B
– –
-140,000
Closed -$4.44M
TBLA icon
1531
Taboola.com
TBLA
$1.37B
– –
-164,742
Closed -$507K
TBLA icon
1532
PUT
Taboola.com
TBLA
$1.37B
– –
-450,000
Closed -$1.39M
TBPH icon
1533
CALL
Theravance Biopharma
TBPH
$874M
– –
-200,000
Closed -$2.24M
TBPH icon
1534
Theravance Biopharma
TBPH
$874M
– –
-82,000
Closed -$920K
TBPH icon
1535
PUT
Theravance Biopharma
TBPH
$874M
– –
-50,000
Closed -$561K
TCOM icon
1536
CALL
Trip.com Group
TCOM
$29.6B
– –
-50,000
Closed -$1.72M
TD icon
1537
CALL
Toronto Dominion Bank
TD
$198B
– –
-50,000
Closed -$3.24M
TDS icon
1538
Telephone and Data Systems
TDS
$3.82B
– –
-25,500
Closed -$267K
TEAM icon
1539
Atlassian
TEAM
$25.6B
– –
-2,200
Closed -$283K
TECK icon
1540
Teck Resources
TECK
$29.6B
– –
-454,200
Closed -$17.2M
TECK icon
1541
PUT
Teck Resources
TECK
$29.6B
– –
-454,200
Closed -$17.2M
TEVA icon
1542
CALL
Teva Pharmaceuticals
TEVA
$40.8B
– –
-2,359,200
Closed -$21.5M
TEVA icon
1543
Teva Pharmaceuticals
TEVA
$40.8B
– –
-410,000
Closed -$3.74M
TEVA icon
1544
PUT
Teva Pharmaceuticals
TEVA
$40.8B
– –
-1,976,000
Closed -$18M
TH icon
1545
CALL
Target Hospitality
TH
$1.51B
– –
-50,000
Closed -$757K
THC icon
1546
Tenet Healthcare
THC
$20.5B
– –
-4,500
Closed -$250K
THC icon
1547
PUT
Tenet Healthcare
THC
$20.5B
– –
-50,000
Closed -$2.44M
TIGR
1548
CALL
UP Fintech Holding
TIGR
$876M
– –
-85,200
Closed -$291K
TLRY icon
1549
CALL
Tilray
TLRY
$618M
– –
-5,000
Closed -$135K
TME icon
1550
CALL
Tencent Music
TME
$15.5B
– –
-400,000
Closed -$3.31M
60 61
62
63 64

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.