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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
-11.25%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$10.4B
AUM Growth
-$181M
Cap. Flow
+$762M
Cap. Flow %
7.33%
Top 10 Hldgs %
24.19%
Holding
2,175
New
757
Increased
285
Reduced
305
Closed
736

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$428M
2
AMZN icon
Amazon
AMZN
+$239M
3
CSCO icon
Cisco
CSCO
+$61.6M
4
DELL icon
Dell
DELL
+$26.4M
5
DIS icon
Walt Disney
DIS
+$23.6M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$235M
2
NVDA icon
NVIDIA
NVDA
+$217M
3
C icon
Citigroup
C
+$113M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$70.5M
5
AAPL icon
Apple
AAPL
+$50.1M

Sector Composition

Rank Sector Weight
1 Technology 8.72%
2 Consumer Discretionary 4.74%
3 Communication Services 2.52%
4 Healthcare 1.51%
5 Financials 0.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BDX icon
226
Becton Dickinson
BDX
$45.6B
$9.18M 0.09%
+40,075
New +$9.3M
NN icon
227
CALL
NextNav
NN
$1.79B
$9.16M 0.09%
752,500
+485,000
+181% +$5.85M
NEM icon
228
PUT
Newmont
NEM
$98.7B
$9.12M 0.09%
189,000
+138,000
+271% +$6.06M
SOC icon
229
CALL
Sable Offshore Corp
SOC
$1.01B
$8.99M 0.09%
354,200
+74,200
+27% +$1.9M
GILD icon
230
PUT
Gilead Sciences
GILD
$162B
$8.96M 0.09%
+80,000
New +$8.25M
PFE icon
231
PUT
Pfizer
PFE
$143B
$8.87M 0.09%
+350,000
New +$9.16M
SOC icon
232
PUT
Sable Offshore Corp
SOC
$1.01B
$8.79M 0.08%
346,300
-120,000
-26% -$3.07M
PMT
233
CALL
PennyMac Mortgage Investment
PMT
$822M
$8.78M 0.08%
+599,200
New +$8.21M
AES icon
234
CALL
AES
AES
$10.5B
$8.74M 0.08%
703,700
– –
SOFI icon
235
CALL
SoFi Technologies
SOFI
$21B
$8.72M 0.08%
750,000
+603,500
+412% +$8.7M
ASTS icon
236
CALL
AST SpaceMobile
ASTS
$17.6B
$8.62M 0.08%
379,200
-800
-0.2% -$20.5K
XENE icon
237
CALL
Xenon Pharmaceuticals
XENE
$6.06B
$8.61M 0.08%
+256,700
New +$9.75M
PENN icon
238
PUT
PENN Entertainment
PENN
$2.75B
$8.56M 0.08%
+525,000
New +$10.3M
BBIO icon
239
CALL
BridgeBio Pharma
BBIO
$15.7B
$8.52M 0.08%
246,500
+106,500
+76% +$3.59M
T icon
240
CALL
AT&T
T
$159B
$8.48M 0.08%
+300,000
New +$7.54M
TTD icon
241
CALL
Trade Desk
TTD
$8.48B
$8.48M 0.08%
155,000
+125,000
+417% +$11.3M
IMMR icon
242
PUT
Immersion
IMMR
$251M
$8.43M 0.08%
1,112,500
-230,000
-17% -$1.89M
EXPE icon
243
CALL
Expedia Group
EXPE
$35.4B
$8.4M 0.08%
50,000
– –
GD icon
244
General Dynamics
GD
$104B
$8.34M 0.08%
30,602
-5,078
-14% -$1.32M
MAR icon
245
CALL
Marriott International
MAR
$98.3B
$8.34M 0.08%
+35,000
New +$9.51M
TRU icon
246
CALL
TransUnion
TRU
$15.1B
$8.3M 0.08%
+100,000
New +$9.13M
TKO icon
247
CALL
TKO Group
TKO
$13.6B
$8.3M 0.08%
54,300
-102,700
-65% -$15.7M
KR icon
248
CALL
Kroger
KR
$35.4B
$8.12M 0.08%
120,000
– –
NKE icon
249
CALL
Nike
NKE
$61.9B
$8.11M 0.08%
127,700
+77,700
+155% +$5.72M
EL icon
250
PUT
Estee Lauder
EL
$30.4B
$8.09M 0.08%
122,500
-27,500
-18% -$1.99M
8 9
10
11 12

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 Q1 2025 Portfolio in Review

As of Q1 2025, Caption Management held 2,175 positions worth $10.4B, down 1.7% from $10.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Caption Management deployed $762M of net new capital in Q1 2025, opening 757 new positions and adding to 285 existing holdings. Its largest new stake was Microsoft: 1,050,000 shares worth $394M.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Tesla, an estimated $235M trimmed.

  • Caption Management's largest Q1 2025 buy was Microsoft: 1,050,000 shares worth $394M.
  • Caption Management added most to Amazon in Q1 2025, an estimated $239M increase.
  • Caption Management's biggest Q1 2025 reduction was Tesla, cutting an estimated $235M.
  • Caption Management fully exited Citigroup in Q1 2025, selling an estimated $113M.
  • Caption Management's ten largest holdings make up 24% of its $10.4B portfolio in Q1 2025.
  • Caption Management opened 757 new positions and closed 736 in Q1 2025.
  • Caption Management's portfolio value fell 1.7% quarter-over-quarter to $10.4B.

Based on Caption Management's 13F filing for Q1 2025, filed 15 May 2025.