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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
TER icon
1701
PUT
Teradyne
TER
$59.1B
– –
-125,000
Closed -$9.39M
TGT icon
1702
CALL
Target
TGT
$65.4B
– –
-14,000
Closed -$2.08M
TGT icon
1703
Target
TGT
$65.4B
– –
-500
Closed -$73K
TGT icon
1704
PUT
Target
TGT
$65.4B
– –
-50,000
Closed -$7.42M
TGTX icon
1705
TG Therapeutics
TGTX
$8.01B
– –
-425,000
Closed -$3.08M
TIMB icon
1706
TIM SA
TIMB
$9.12B
– –
-40,000
Closed -$447K
TJX icon
1707
TJX Companies
TJX
$174B
– –
-13,600
Closed -$844K
TJX icon
1708
PUT
TJX Companies
TJX
$174B
– –
-80,000
Closed -$4.97M
TMDX icon
1709
CALL
Transmedics
TMDX
$2.61B
– –
-27,900
Closed -$1.16M
TMDX icon
1710
PUT
Transmedics
TMDX
$2.61B
– –
-4,500
Closed -$187K
TME icon
1711
Tencent Music
TME
$15.4B
– –
-50,000
Closed -$281K
TMHC
1712
DELISTED
Taylor Morrison
TMHC
– –
-6,000
Closed -$140K
TMUS icon
1713
T-Mobile US
TMUS
$183B
– –
-6,000
Closed -$862K
TPG icon
1714
PUT
TPG
TPG
$6.98B
– –
-30,000
Closed -$835K
TREE icon
1715
CALL
LendingTree
TREE
$450M
– –
-145,600
Closed -$3.47M
TREE icon
1716
LendingTree
TREE
$450M
– –
-15,145
Closed -$362K
TRGP icon
1717
CALL
Targa Resources
TRGP
$57.4B
– –
-27,600
Closed -$1.67M
TRGP icon
1718
Targa Resources
TRGP
$57.4B
– –
-27,400
Closed -$1.65M
TRGP icon
1719
PUT
Targa Resources
TRGP
$57.4B
– –
-3,600
Closed -$216K
TRIP icon
1720
TripAdvisor
TRIP
$1.65B
– –
-300
Closed -$7K
TRIP icon
1721
PUT
TripAdvisor
TRIP
$1.65B
– –
-26,000
Closed -$574K
TVTX icon
1722
CALL
Travere Therapeutics
TVTX
$5.21B
– –
-125,000
Closed -$3.08M
TVTX icon
1723
Travere Therapeutics
TVTX
$5.21B
– –
-10,200
Closed -$251K
TVTX icon
1724
PUT
Travere Therapeutics
TVTX
$5.21B
– –
-50,000
Closed -$1.23M
TXN icon
1725
CALL
Texas Instruments
TXN
$252B
– –
-200,000
Closed -$31M
67 68
69
70 71

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.