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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
MSFT icon
1
PUT
Microsoft
MSFT
$3.35T
$132M 2.06%
550,000
– –
HZNP
2
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$128M 1.99%
1,121,000
+963,500
+612% +$80M
CAT icon
3
PUT
Caterpillar
CAT
$373B
$86.2M 1.35%
+360,000
New +$78.4M
PANW icon
4
PUT
Palo Alto Networks
PANW
$265B
$84M 1.31%
1,204,200
-661,000
-35% -$53.1M
KWEB icon
5
CALL
KraneShares CSI China Internet ETF
KWEB
$5.55B
$82.7M 1.29%
2,737,500
+2,637,500
+2,638% +$67.3M
NOC icon
6
CALL
Northrop Grumman
NOC
$76B
$80.5M 1.26%
+147,500
New +$76.9M
DVN icon
7
PUT
Devon Energy
DVN
$50.9B
$80.3M 1.25%
1,305,000
-521,200
-29% -$35.5M
XLI icon
8
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$32.5B
$67.2M 1.05%
+684,700
New +$65.2M
XBI icon
9
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.3B
$66.8M 1.04%
805,000
-130,000
-14% -$10.5M
ATVI
10
CALL
DELISTED
Activision Blizzard
ATVI
$66.7M 1.04%
871,500
+174,500
+25% +$13M
CZR icon
11
CALL
Caesars Entertainment
CZR
$6.03B
$64.1M 1%
1,540,900
+190,000
+14% +$8.46M
RXDX
12
PUT
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
$60.8M 0.95%
552,300
+490,500
+794% +$31.8M
BIIB icon
13
CALL
Biogen
BIIB
$30.7B
$57.3M 0.89%
206,800
-197,400
-49% -$55.8M
XOM icon
14
CALL
ExxonMobil
XOM
$651B
$54.5M 0.85%
494,300
-241,700
-33% -$25.9M
RUN icon
15
PUT
Sunrun
RUN
$2.27B
$49.3M 0.77%
2,053,000
+590,300
+40% +$15.8M
BIIB icon
16
PUT
Biogen
BIIB
$30.7B
$48.3M 0.75%
174,300
-75,500
-30% -$21.3M
CVX icon
17
CALL
Chevron
CVX
$383B
$46M 0.72%
256,500
-759,000
-75% -$132M
OXY icon
18
PUT
Occidental Petroleum
OXY
$55.6B
$45.9M 0.72%
728,000
-65,000
-8% -$4.43M
CHTR icon
19
PUT
Charter Communications
CHTR
$16.9B
$45.5M 0.71%
134,200
+14,200
+12% +$4.99M
CHTR icon
20
CALL
Charter Communications
CHTR
$16.9B
$43.3M 0.68%
127,700
+3,300
+3% +$1.16M
HUBS icon
21
CALL
HubSpot
HUBS
$11.9B
$41.1M 0.64%
+142,200
New +$40.3M
OXY icon
22
CALL
Occidental Petroleum
OXY
$55.6B
$40.5M 0.63%
642,500
+166,600
+35% +$11.3M
SRPT icon
23
PUT
Sarepta Therapeutics
SRPT
$1.64B
$40.1M 0.63%
309,300
+71,100
+30% +$8.24M
BMY icon
24
PUT
Bristol-Myers Squibb
BMY
$132B
$39.3M 0.61%
546,000
+348,500
+176% +$26.3M
BMY icon
25
CALL
Bristol-Myers Squibb
BMY
$132B
$39.1M 0.61%
543,500
+493,500
+987% +$37.2M
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 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.