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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
XYZ
1801
Block Inc
XYZ
$49.3B
– –
-30,280
Closed -$1.87M
CMRX
1802
CALL
DELISTED
Chimerix, Inc.
CMRX
– –
-21,200
Closed -$41K
CMRX
1803
DELISTED
Chimerix, Inc.
CMRX
– –
-11,000
Closed -$21K
ACCD
1804
DELISTED
Accolade Inc
ACCD
– –
-10,000
Closed -$95.5K
CUTR
1805
DELISTED
Cutera, Inc.
CUTR
– –
-62,230
Closed -$2.84M
CUTR
1806
PUT
DELISTED
Cutera, Inc.
CUTR
– –
-74,000
Closed -$3.38M
AZPN
1807
DELISTED
Aspen Technology Inc
AZPN
– –
-3,000
Closed -$713K
NARI
1808
CALL
DELISTED
Inari Medical, Inc. Common Stock
NARI
– –
-17,500
Closed -$1.27M
SMAR
1809
PUT
DELISTED
Smartsheet Inc.
SMAR
– –
-90,000
Closed -$3.09M
TFFP
1810
CALL
DELISTED
TFF Pharmaceuticals, Inc. Common Stock
TFFP
– –
-452
Closed -$46K
TFFP
1811
DELISTED
TFF Pharmaceuticals, Inc. Common Stock
TFFP
– –
-200
Closed -$21K
SAVE
1812
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-150,000
Closed -$2.82M
INST
1813
CALL
DELISTED
Instructure Holdings, Inc.
INST
– –
-63,800
Closed -$1.42M
INST
1814
DELISTED
Instructure Holdings, Inc.
INST
– –
-22,330
Closed -$498K
PRMW
1815
PUT
DELISTED
Primo Water Corporation
PRMW
– –
-100
Closed -$1K
SWN
1816
DELISTED
Southwestern Energy Company
SWN
– –
-26,500
Closed -$174K
LSXMK
1817
PUT
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
– –
-12,910
Closed -$377K
DO
1818
DELISTED
Diamond Offshore Drilling, Inc.
DO
– –
-117,981
Closed -$1.08M
DO
1819
PUT
DELISTED
Diamond Offshore Drilling, Inc.
DO
– –
-140,000
Closed -$928K
ASXC
1820
DELISTED
Asensus Surgical, Inc.
ASXC
– –
-201,243
Closed -$90K
ASXC
1821
PUT
DELISTED
Asensus Surgical, Inc.
ASXC
– –
-550,000
Closed -$247K
BHIL
1822
CALL
DELISTED
Benson Hill, Inc.
BHIL
– –
-3,429
Closed -$329K
SIX
1823
PUT
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-112,000
Closed -$1.98M
DOOR
1824
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
– –
-11,942
Closed -$851K
DOOR
1825
PUT
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
– –
-70,000
Closed -$4.99M
71 72
73
74 75

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.