We are live on ! Find out more
CM

Caption Management Portfolio holdings

AUM $17.1B
1-Year Est. Return 70.99%
This Fund
S&P 500
This Quarter Est. Return
+35.35%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$12.8B
AUM Growth
+$3.79B
Cap. Flow
+$2.28B
Cap. Flow %
17.8%
Top 10 Hldgs %
15.6%
Holding
2,120
New
741
Increased
362
Reduced
312
Closed
513

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$130M
2
NVDA icon
NVIDIA
NVDA
+$87.2M
3
SOC icon
Sable Offshore Corp
SOC
+$34.9M
4
CORZW icon
Core Scientific Inc Tranche 1 Warrants
CORZW
+$23.1M
5
VSAT icon
Viasat
VSAT
+$21.1M

Top Sells

Rank Stock Value
1
INSM icon
Insmed
INSM
+$25.8M
2
SKX
Skechers
SKX
+$20.1M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$17.6M
4
CDTX
Cidara Therapeutics
CDTX
+$15.2M
5
K
Kellanova
K
+$15M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.1%
2 Technology 2.68%
3 Healthcare 2.33%
4 Communication Services 1.06%
5 Financials 0.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXT icon
226
CALL
Nextpower Inc
NXT
$15.2B
$12.6M 0.1%
+169,700
New +$10.9M
SBSW icon
227
CALL
Sibanye-Stillwater
SBSW
$5.92B
$12.3M 0.1%
+1,094,500
New +$9.56M
EXEL icon
228
PUT
Exelixis
EXEL
$13.9B
$12.2M 0.1%
296,200
-70,000
-19% -$2.81M
METC icon
229
PUT
Ramaco Resources Class A
METC
$676M
$12.2M 0.1%
367,600
-152,500
-29% -$3.54M
IMNM icon
230
Immunome
IMNM
$2.52B
$12.2M 0.1%
+1,040,700
New +$10.4M
MLYS icon
231
PUT
Mineralys Therapeutics
MLYS
$2.35B
$12.1M 0.09%
320,000
+270,000
+540% +$5.84M
IMNM icon
232
PUT
Immunome
IMNM
$2.52B
$12.1M 0.09%
+1,035,700
New +$10.3M
WAT icon
233
PUT
Waters Corp
WAT
$36.8B
$11.9M 0.09%
+39,600
New +$11.9M
PHAT icon
234
CALL
Phathom Pharmaceuticals
PHAT
$912M
$11.8M 0.09%
1,000,000
+619,900
+163% +$6.4M
STOK icon
235
CALL
Stoke Therapeutics
STOK
$1.82B
$11.8M 0.09%
+500,000
New +$8.57M
ALKS icon
236
CALL
Alkermes
ALKS
$8.82B
$11.7M 0.09%
+390,700
New +$11M
RNAM
237
CALL
DELISTED
Avidity Biosciences
RNAM
$11.6M 0.09%
266,300
+104,300
+64% +$4.22M
DQ
238
CALL
Daqo New Energy
DQ
$790M
$11.6M 0.09%
+412,300
New +$9.66M
ZETA icon
239
CALL
Zeta Global
ZETA
$4.77B
$11.6M 0.09%
583,600
+483,600
+484% +$8.69M
WDC icon
240
Western Digital
WDC
$179B
$11.5M 0.09%
+96,200
New +$7.86M
BHVN icon
241
CALL
Biohaven
BHVN
$2.16B
$11.5M 0.09%
768,800
-171,300
-18% -$2.49M
CNTA
242
PUT
DELISTED
Centessa Pharmaceuticals
CNTA
$11.5M 0.09%
+473,000
New +$8.41M
NNDM
243
PUT
Nano Dimension
NNDM
$309M
$11.4M 0.09%
+7,247,200
New +$10.6M
ORCL icon
244
CALL
Oracle
ORCL
$331B
$11.4M 0.09%
40,400
-96,100
-70% -$24.5M
JPM icon
245
CALL
JPMorgan Chase
JPM
$939B
$11.4M 0.09%
+36,000
New +$10.7M
PM icon
246
PUT
Philip Morris
PM
$301B
$11.4M 0.09%
+70,000
New +$11.8M
FCX icon
247
CALL
Freeport-McMoran
FCX
$90B
$11.3M 0.09%
289,000
+243,300
+532% +$10.6M
IBB icon
248
iShares Biotechnology ETF
IBB
$9.31B
$11.3M 0.09%
+78,500
New +$10.7M
CSCO icon
249
CALL
Cisco
CSCO
$450B
$11.3M 0.09%
165,000
+85,000
+106% +$5.79M
TGT icon
250
CALL
Target
TGT
$62.1B
$11.2M 0.09%
125,000
– –
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 Q3 2025 Portfolio in Review

As of Q3 2025, Caption Management held 2,120 positions worth $12.8B, up 42% from $9.03B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Caption Management deployed $2.28B of net new capital in Q3 2025, opening 741 new positions and adding to 362 existing holdings. Its largest new stake was Amazon: 575,000 shares worth $126M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.1% of assets, up from 2.5% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Insmed, an estimated $25.8M trimmed.

  • Caption Management's largest Q3 2025 buy was Amazon: 575,000 shares worth $126M.
  • Caption Management added most to Sable Offshore Corp in Q3 2025, an estimated $34.9M increase.
  • Caption Management's biggest Q3 2025 reduction was Insmed, cutting an estimated $25.8M.
  • Caption Management fully exited Skechers in Q3 2025, selling an estimated $20.1M.
  • Caption Management's ten largest holdings make up 16% of its $12.8B portfolio in Q3 2025.
  • Caption Management opened 741 new positions and closed 513 in Q3 2025.
  • Caption Management's portfolio value rose 42% quarter-over-quarter to $12.8B.

Based on Caption Management's 13F filing for Q3 2025, filed 14 Nov 2025.