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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
RADI
1851
CALL
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
– –
-538,100
Closed -$5.07M
DICE
1852
CALL
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
– –
-222,400
Closed -$4.51M
PDCE
1853
DELISTED
PDC Energy, Inc.
PDCE
– –
-3,300
Closed -$191K
PDCE
1854
PUT
DELISTED
PDC Energy, Inc.
PDCE
– –
-3,300
Closed -$191K
VRAY
1855
PUT
DELISTED
ViewRay, Inc.
VRAY
– –
-400,000
Closed -$1.46M
ISEE
1856
PUT
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-212,100
Closed -$3.81M
STSA
1857
CALL
DELISTED
Satsuma Pharmaceuticals, Inc. Common Stock
STSA
– –
-200,000
Closed -$1.2M
STSA
1858
DELISTED
Satsuma Pharmaceuticals, Inc. Common Stock
STSA
– –
-90,000
Closed -$539K
MNTV
1859
CALL
DELISTED
Momentive Global Inc. Common Stock
MNTV
– –
-238,200
Closed -$1.39M
MNTV
1860
DELISTED
Momentive Global Inc. Common Stock
MNTV
– –
-69,208
Closed -$402K
TA
1861
DELISTED
TravelCenters of America LLC
TA
– –
-17,500
Closed -$944K
SUMO
1862
CALL
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
– –
-37,500
Closed -$282K
BBBY
1863
CALL
DELISTED
Bed Bath & Beyond Inc
BBBY
– –
-20,000
Closed -$122K
OSH
1864
CALL
DELISTED
Oak Street Health, Inc.
OSH
– –
-773,600
Closed -$19M
OSH
1865
DELISTED
Oak Street Health, Inc.
OSH
– –
-600
Closed -$15K
OSH
1866
PUT
DELISTED
Oak Street Health, Inc.
OSH
– –
-75,000
Closed -$1.84M
SGFY
1867
CALL
DELISTED
Signify Health, Inc.
SGFY
– –
-150,000
Closed -$4.37M
RFP
1868
PUT
DELISTED
Resolute Forest Products Inc.
RFP
– –
-100,000
Closed -$2M
ONEM
1869
CALL
DELISTED
1Life Healthcare
ONEM
– –
-66,000
Closed -$1.13M
ONEM
1870
DELISTED
1Life Healthcare
ONEM
– –
-284,100
Closed -$4.87M
BNFT
1871
DELISTED
Benefitfocus, Inc.
BNFT
– –
-9,322
Closed -$59K
TCDA
1872
PUT
DELISTED
Tricida, Inc. Common Stock
TCDA
– –
-266,900
Closed -$2.8M
LFG
1873
CALL
DELISTED
Archaea Energy Inc.
LFG
– –
-237,500
Closed -$4.28M
CLR
1874
CALL
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-125,000
Closed -$8.35M
CLR
1875
PUT
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-49,000
Closed -$3.27M
73 74
75
76 77

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ASRS
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PP
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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.