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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
+6.75%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$5.18B
AUM Growth
-$1.23B
(-19%)
Cap. Flow
-$1.43B
Cap. Flow
% of AUM
-27.54%
Top 10 Holdings %
Top 10 Hldgs %
16.5%
Holding
1,730
New
499
Increased
190
Reduced
247
Closed
699
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Madrigal Pharmaceuticals
MDGL
|
+$12.3M |
| 2 |
KraneShares CSI China Internet ETF
KWEB
|
+$11.1M |
| 3 |
WWE
World Wrestling Entertainment
WWE
|
+$10.5M |
| 4 |
Walt Disney
DIS
|
+$10.3M |
| 5 |
UBS Group
UBS
|
+$10M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PMT
PennyMac Mortgage Investment
PMT
|
+$17.9M |
| 2 |
Antero Resources
AR
|
+$17.5M |
| 3 |
Teck Resources
TECK
|
+$17.2M |
| 4 |
ONC
BeOne Medicines Ltd
ONC
|
+$16.4M |
| 5 |
EQT Corp
EQT
|
+$14.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 1.97% |
| 2 | Technology | 1.38% |
| 3 | Consumer Discretionary | 0.99% |
| 4 | Communication Services | 0.82% |
| 5 | Financials | 0.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATVI
1
PUT
DELISTED
Activision Blizzard
ATVI
| $276M | 5.33% |
3,222,700
+3,002,500
| +1,364% | +$233M |
|
2
CALL
Occidental Petroleum
OXY
$55.6B
| $86.3M | 1.67% |
1,382,000
+739,500
| +115% | +$45.9M |
|
3
PUT
Palo Alto Networks
PANW
$265B
| $84.1M | 1.62% |
841,800
-362,400
| -30% | -$30.7M |
|
|
4
CALL
KraneShares CSI China Internet ETF
KWEB
$5.55B
| $79.4M | 1.53% |
2,546,700
-190,800
| -7% | -$6.1M |
|
|
WWE
5
CALL
DELISTED
World Wrestling Entertainment
WWE
| $61.4M | 1.19% |
+672,700
| New | +$57.5M |
|
6
PUT
First Solar
FSLR
$22.1B
| $57.3M | 1.11% |
263,600
+119,600
| +83% | +$21.8M |
|
7
PUT
iShares US Home Construction ETF
ITB
$2.29B
| $54.5M | 1.05% |
+775,000
| New | +$52.3M |
|
8
CALL
Starbucks
SBUX
$121B
| $53M | 1.02% |
+508,500
| New | +$52.9M |
|
9
CALL
Alphabet (Google) Class A
GOOGL
$4.08T
| $51.9M | 1% |
+500,000
| New | +$48M |
|
10
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.2B
| $50.3M | 0.97% |
1,214,000
+1,144,000
| +1,634% | +$48.9M |
|
11
CALL
Ascendis Pharma A/S
ASND
$16.5B
| $49.3M | 0.95% |
459,600
+300,400
| +189% | +$34.4M |
|
|
RETA
12
CALL
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $47.9M | 0.93% |
+527,200
| New | +$30.9M |
|
13
PUT
Walmart Inc
WMT
$884B
| $47.5M | 0.92% |
966,900
+516,900
| +115% | +$24.5M |
|
14
CALL
Charter Communications
CHTR
$16.9B
| $45.5M | 0.88% |
127,100
-600
| -0.5% | -$224K |
|
|
15
PUT
Alphabet (Google) Class C
GOOG
$4.08T
| $44.7M | 0.86% |
+430,000
| New | +$41.5M |
|
16
CALL
Sarepta Therapeutics
SRPT
$1.64B
| $43.6M | 0.84% |
316,400
+18,000
| +6% | +$2.33M |
|
|
17
CALL
First Solar
FSLR
$22.1B
| $43.5M | 0.84% |
200,000
-1,000
| -0.5% | -$183K |
|
|
HZNP
18
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $41.2M | 0.8% |
377,500
-743,500
| -66% | -$82.2M |
|
19
CALL
International Paper
IP
$22.8B
| $38.6M | 0.75% |
1,069,400
-8,800
| -0.8% | -$326K |
|
20
CALL
Texas Instruments
TXN
$255B
| $37.2M | 0.72% |
+200,000
| New | +$35.2M |
|
|
21
PUT
Sarepta Therapeutics
SRPT
$1.64B
| $36.9M | 0.71% |
267,600
-41,700
| -13% | -$5.41M |
|
22
CALL
Petrobras
PBR
$123B
| $36.3M | 0.7% |
3,484,600
-32,600
| -0.9% | -$355K |
|
|
KRTX
23
CALL
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $36.3M | 0.7% |
200,000
+190,000
| +1,900% | +$36.3M |
|
|
APLS
24
CALL
DELISTED
Apellis Pharmaceuticals
APLS
| $36.3M | 0.7% |
550,500
+515,500
| +1,473% | +$29.7M |
|
25
PUT
NextEra Energy
NEE
$183B
| $35M | 0.68% |
454,700
+219,700
| +93% | +$16.9M |
|
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Caption Management's Q1 2023 Portfolio in Review
As of Q1 2023, Caption Management held 1,730 positions worth $5.18B, down 19% from $6.41B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Caption Management withdrew a net $1.43B in Q1 2023, closing 699 positions and reducing 247 holdings. Its most notable exit was PennyMac Mortgage Investment, an estimated $17.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 2% of assets, down from 2.5% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Caption Management opened a new position in World Wrestling Entertainment worth $11.2M.
- Caption Management's largest Q1 2023 buy was World Wrestling Entertainment: 123,000 shares worth $11.2M.
- Caption Management added most to Madrigal Pharmaceuticals in Q1 2023, an estimated $12.3M increase.
- Caption Management's biggest Q1 2023 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $13.3M.
- Caption Management fully exited PennyMac Mortgage Investment in Q1 2023, selling an estimated $17.9M.
- Caption Management's ten largest holdings make up 16% of its $5.18B portfolio in Q1 2023.
- Caption Management opened 499 new positions and closed 699 in Q1 2023.
- Caption Management's portfolio value fell 19% quarter-over-quarter to $5.18B.
Based on Caption Management's 13F filing for Q1 2023, filed 15 May 2023.