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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
+3.18%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$703M
AUM Growth
-$261M
(-27%)
Cap. Flow
-$241M
Cap. Flow
% of AUM
-34.3%
Top 10 Holdings %
Top 10 Hldgs %
22.92%
Holding
394
New
163
Increased
20
Reduced
13
Closed
181
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$22.3M |
| 2 |
Constellation Brands
STZ
|
+$8.21M |
| 3 |
Tucows
TCX
|
+$6.22M |
| 4 |
AB InBev
BUD
|
+$4.88M |
| 5 |
Seagate
STX
|
+$4.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PF
Pinnacle Foods, Inc.
PF
|
+$4.76M |
| 2 |
Phillips 66
PSX
|
+$4.69M |
| 3 |
Waste Management
WM
|
+$4.29M |
| 4 |
Norfolk Southern
NSC
|
+$4.2M |
| 5 |
Nucor
NUE
|
+$4.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.35% |
| 2 | Consumer Discretionary | 4.29% |
| 3 | Consumer Staples | 2.37% |
| 4 | Communication Services | 1.64% |
| 5 | Energy | 1.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$988B
| $24.2M | 3.45% |
+465,000
| New | +$22.3M |
|
|
2
PUT
Micron Technology
MU
$988B
| $23.1M | 3.29% |
+443,300
| New | +$21.2M |
|
3
PUT
Northrop Grumman
NOC
$76B
| $20.1M | 2.86% |
+57,600
| New | +$19.3M |
|
4
CALL
NetApp
NTAP
$34.1B
| $15.6M | 2.21% |
+252,100
| New | +$15.4M |
|
5
PUT
McKesson
MCK
$101B
| $14.1M | 2% |
+100,000
| New | +$15.6M |
|
6
PUT
Incyte
INCY
$24.9B
| $13.6M | 1.93% |
+163,200
| New | +$14.7M |
|
7
CALL
Citigroup
C
$222B
| $13.5M | 1.92% |
200,000
| – | – |
|
|
8
PUT
NetApp
NTAP
$34.1B
| $12.5M | 1.77% |
+202,100
| New | +$12.3M |
|
9
CALL
Lowe's Companies
LOW
$118B
| $12.3M | 1.75% |
+140,000
| New | +$13.3M |
|
10
CALL
Equity Residential
EQR
$25.2B
| $12.3M | 1.74% |
198,900
-71,100
| -26% | -$4.22M |
|
11
CALL
MGM Resorts International
MGM
$11.7B
| $11.9M | 1.69% |
+340,000
| New | +$11.9M |
|
|
12
PUT
Seagate
STX
$193B
| $11.7M | 1.66% |
+200,000
| New | +$10.6M |
|
|
13
CALL
Constellation Brands
STZ
$22.3B
| $11.4M | 1.62% |
50,000
| – | – |
|
|
14
PUT
Constellation Brands
STZ
$22.3B
| $11.4M | 1.62% |
+50,000
| New | +$11M |
|
|
BERY
15
PUT
DELISTED
Berry Global Group, Inc.
BERY
| $10.4M | 1.48% |
+206,910
| New | +$10.8M |
|
16
CALL
CRA International
CRAI
$1.19B
| $10.3M | 1.47% |
+197,500
| New | +$9.53M |
|
|
VMW
17
CALL
DELISTED
VMware, Inc
VMW
| $10.2M | 1.45% |
84,300
+14,200
| +20% | +$1.79M |
|
18
PUT
IQVIA
IQV
$39.1B
| $9.81M | 1.39% |
+100,000
| New | +$10.1M |
|
19
PUT
Bath & Body Works
BBWI
$4.02B
| $9.55M | 1.36% |
309,250
+83,497
| +37% | +$3.16M |
|
|
20
CALL
Waste Management
WM
$90.5B
| $9.46M | 1.35% |
+112,500
| New | +$9.65M |
|
|
ILG
21
CALL
DELISTED
ILG, Inc Common Stock
ILG
| $9.33M | 1.33% |
+300,000
| New | +$9.39M |
|
|
SNCR
22
PUT
DELISTED
Synchronoss Technologies
SNCR
| $9.21M | 1.31% |
+97,011
| New | +$7.96M |
|
23
CALL
Hilton Worldwide
HLT
$72.5B
| $8.66M | 1.23% |
+110,000
| New | +$9.03M |
|
|
24
Constellation Brands
STZ
$22.3B
| $8.5M | 1.21% |
+37,300
| New | +$8.21M |
|
25
CALL
Viatris
VTRS
$20.7B
| $8.23M | 1.17% |
+200,000
| New | +$8.53M |
|
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Caption Management's Q1 2018 Portfolio in Review
As of Q1 2018, Caption Management held 394 positions worth $703M, down 27% from $964M the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Caption Management withdrew a net $241M in Q1 2018, closing 181 positions and reducing 13 holdings. Its most notable exit was Pinnacle Foods, Inc., an estimated $4.76M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.4% of assets, up from 2.5% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
Against the trend, Caption Management opened a new position in Micron Technology worth $24.2M.
- Caption Management's largest Q1 2018 buy was Micron Technology: 465,000 shares worth $24.2M.
- Caption Management added most to Magnite in Q1 2018, an estimated $1.41M increase.
- Caption Management's biggest Q1 2018 reduction was Lowe's Companies, cutting an estimated $2.7M.
- Caption Management fully exited Pinnacle Foods, Inc. in Q1 2018, selling an estimated $4.76M.
- Caption Management's ten largest holdings make up 23% of its $703M portfolio in Q1 2018.
- Caption Management opened 163 new positions and closed 181 in Q1 2018.
- Caption Management's portfolio value fell 27% quarter-over-quarter to $703M.
Based on Caption Management's 13F filing for Q1 2018, filed 15 May 2018.