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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
+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
UNP icon
351
Union Pacific
UNP
$183B
$7.8M 0.06%
+33,000
New +$7.44M
BBIO icon
352
PUT
BridgeBio Pharma
BBIO
$16.5B
$7.79M 0.06%
150,000
+80,000
+114% +$3.9M
DXCM icon
353
CALL
DexCom
DXCM
$27.6B
$7.74M 0.06%
115,000
+15,000
+15% +$1.19M
SRRK icon
354
CALL
Scholar Rock
SRRK
$5.71B
$7.73M 0.06%
207,500
-160,200
-44% -$5.6M
HE icon
355
CALL
Hawaiian Electric Industries
HE
$2.33B
$7.7M 0.06%
697,200
-40,000
-5% -$456K
BKD icon
356
PUT
Brookdale Senior Living
BKD
$3.62B
$7.62M 0.06%
+900,000
New +$6.86M
PRAX icon
357
PUT
Praxis Precision Medicines
PRAX
$9.07B
$7.61M 0.06%
+143,500
New +$6.96M
BA icon
358
PUT
Boeing
BA
$165B
$7.55M 0.06%
+35,000
New +$7.89M
ABT icon
359
PUT
Abbott
ABT
$180B
$7.5M 0.06%
+56,000
New +$7.35M
TPB icon
360
Turning Point Brands
TPB
$1.47B
$7.47M 0.06%
75,587
+36,947
+96% +$3.34M
GNW icon
361
CALL
Genworth Financial
GNW
$3.8B
$7.47M 0.06%
+839,600
New +$6.93M
NBIX icon
362
PUT
Neurocrine Biosciences
NBIX
$17.7B
$7.44M 0.06%
53,000
+13,000
+33% +$1.76M
BTDR icon
363
PUT
Bitdeer Technologies
BTDR
$2.81B
$7.35M 0.06%
+430,000
New +$6.04M
PMT
364
CALL
PennyMac Mortgage Investment
PMT
$849M
$7.35M 0.06%
599,200
– –
EIX icon
365
CALL
Edison International
EIX
$30.7B
$7.33M 0.06%
132,600
-30,000
-18% -$1.62M
CRON
366
PUT
Cronos Group
CRON
$1.05B
$7.33M 0.06%
+2,635,000
New +$6.2M
NKE icon
367
CALL
Nike
NKE
$61.9B
$7.27M 0.06%
104,300
-40,700
-28% -$3.03M
WELL icon
368
CALL
Welltower
WELL
$178B
$7.25M 0.06%
40,700
-24,300
-37% -$3.99M
WELL icon
369
PUT
Welltower
WELL
$178B
$7.25M 0.06%
40,700
-24,300
-37% -$3.99M
GILD icon
370
PUT
Gilead Sciences
GILD
$161B
$7.21M 0.06%
65,000
-72,000
-53% -$8.18M
KRE icon
371
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$7.18M 0.06%
+113,500
New +$7.16M
INCY icon
372
PUT
Incyte
INCY
$23.5B
$7.17M 0.06%
+84,600
New +$6.69M
XLE icon
373
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$7.15M 0.06%
160,000
-440,000
-73% -$19.3M
CEG icon
374
PUT
Constellation Energy
CEG
$98B
$7.11M 0.06%
21,600
– –
AES icon
375
PUT
AES
AES
$10.6B
$7.11M 0.06%
540,000
– –
13 14
15
16 17

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.