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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
-17.39%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$1.25B
AUM Growth
-$561M
Cap. Flow
-$331M
Cap. Flow %
-26.44%
Top 10 Hldgs %
16.94%
Holding
740
New
246
Increased
80
Reduced
74
Closed
288

Top Buys

Rank Stock Value
1
CZR icon
Caesars Entertainment
CZR
+$26M
2
EXAS
Exact Sciences
EXAS
+$9.82M
3
FIVE icon
Five Below
FIVE
+$7.18M
4
CI icon
Cigna
CI
+$5.75M
5
RTX icon
RTX Corp
RTX
+$5.61M

Top Sells

Rank Stock Value
1
DVA icon
DaVita
DVA
+$14.1M
2
NWSA icon
News Corp Class A
NWSA
+$6.59M
3
CHTR icon
Charter Communications
CHTR
+$6.52M
4
RAMP icon
LiveRamp
RAMP
+$6.38M
5
PARA
Paramount Global Class B
PARA
+$5.01M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 5.84%
2 Healthcare 4.45%
3 Technology 2.49%
4 Communication Services 1.47%
5 Industrials 1.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CI icon
1
PUT
Cigna
CI
$73.7B
$38.6M 3.08%
203,200
+28,200
+16% +$5.88M
CZR icon
2
Caesars Entertainment
CZR
$6.06B
$23.7M 1.89%
+655,000
New +$26M
TFCFA
3
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$22.9M 1.82%
475,200
-17,300
-4% -$820K
EXAS
4
PUT
DELISTED
Exact Sciences
EXAS
$22.6M 1.8%
+357,600
New +$24.5M
WW
5
CALL
DELISTED
WW International
WW
$21.3M 1.7%
553,000
+518,000
+1,480% +$28.4M
EIX icon
6
CALL
Edison International
EIX
$28.2B
$19.7M 1.57%
347,200
+117,400
+51% +$7.3M
CZR icon
7
PUT
Caesars Entertainment
CZR
$6.06B
$18.1M 1.45%
+500,100
New +$19.8M
SHPG
8
CALL
DELISTED
Shire pic
SHPG
$18M 1.44%
103,400
-53,600
-34% -$9.38M
SHPG
9
PUT
DELISTED
Shire pic
SHPG
$13.9M 1.11%
80,000
+50,000
+167% +$8.75M
NXST icon
10
PUT
Nexstar Media Group
NXST
$5.82B
$13.5M 1.08%
171,500
-4,000
-2% -$317K
KSS icon
11
PUT
Kohl's
KSS
$2.17B
$13.4M 1.07%
202,200
+2,200
+1% +$154K
FIVE icon
12
PUT
Five Below
FIVE
$12B
$12.6M 1.01%
+123,200
New +$13.6M
BIIB icon
13
CALL
Biogen
BIIB
$30B
$12M 0.96%
+40,000
New +$12.8M
SGI
14
CALL
Somnigroup International
SGI
$13.7B
$11.7M 0.93%
+1,128,000
New +$13.5M
MCD icon
15
CALL
McDonald's
MCD
$192B
$11.7M 0.93%
+65,700
New +$11.7M
KSU
16
CALL
DELISTED
Kansas City Southern
KSU
$11.6M 0.92%
121,400
+21,400
+21% +$2.17M
STLA icon
17
CALL
Stellantis
STLA
$21.7B
$11.6M 0.92%
+800,100
New +$12.9M
MDGL icon
18
CALL
Madrigal Pharmaceuticals
MDGL
$10.8B
$11.4M 0.91%
+100,800
New +$15.6M
XYZ
19
CALL
Block Inc
XYZ
$48.4B
$11.2M 0.9%
+200,000
New +$14.1M
ILMN icon
20
PUT
Illumina
ILMN
$31B
$11.1M 0.89%
+38,139
New +$11.8M
STZ icon
21
CALL
Constellation Brands
STZ
$22.2B
$10.6M 0.85%
66,000
+28,500
+76% +$5.66M
KSS icon
22
CALL
Kohl's
KSS
$2.17B
$10.6M 0.85%
+160,000
New +$11.2M
CCJ icon
23
PUT
Cameco
CCJ
$37.6B
$10.4M 0.83%
917,700
– –
C icon
24
CALL
Citigroup
C
$222B
$10.4M 0.83%
200,000
– –
XBI icon
25
PUT
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$10M 0.8%
+140,000
New +$11.3M
1
2 3 4 5

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 2018 Portfolio in Review

As of Q4 2018, Caption Management held 740 positions worth $1.25B, down 31% from $1.81B the previous quarter. Its ten largest holdings account for 17% of the portfolio.

Caption Management withdrew a net $331M in Q4 2018, closing 288 positions and reducing 74 holdings. Its most notable exit was News Corp Class A, an estimated $6.59M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 5.8% of assets, up from 2.8% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Caption Management opened a new position in Caesars Entertainment worth $23.7M.

  • Caption Management's largest Q4 2018 buy was Caesars Entertainment: 655,000 shares worth $23.7M.
  • Caption Management added most to Kohl's in Q4 2018, an estimated $4.21M increase.
  • Caption Management's biggest Q4 2018 reduction was DaVita, cutting an estimated $14.1M.
  • Caption Management fully exited News Corp Class A in Q4 2018, selling an estimated $6.59M.
  • Caption Management's ten largest holdings make up 17% of its $1.25B portfolio in Q4 2018.
  • Caption Management opened 246 new positions and closed 288 in Q4 2018.
  • Caption Management's portfolio value fell 31% quarter-over-quarter to $1.25B.

Based on Caption Management's 13F filing for Q4 2018, filed 30 Jan 2019.