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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
+17.45%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.37B
Cap. Flow
-$2.48B
Cap. Flow %
-27.43%
Top 10 Hldgs %
18.31%
Holding
2,015
New
576
Increased
314
Reduced
307
Closed
636

Top Buys

Rank Stock Value
1
SKX
Skechers
SKX
+$18.3M
2
REGN icon
Regeneron Pharmaceuticals
REGN
+$17.4M
3
INSM icon
Insmed
INSM
+$16.1M
4
GILD icon
Gilead Sciences
GILD
+$15.8M
5
K
Kellanova
K
+$15.3M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$394M
2
AMZN icon
Amazon
AMZN
+$314M
3
NVDA icon
NVIDIA
NVDA
+$255M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$121M
5
AMD icon
Advanced Micro Devices
AMD
+$61.6M

Sector Composition

Rank Sector Weight
1 Healthcare 3.09%
2 Consumer Discretionary 2.5%
3 Technology 1.62%
4 Financials 1.05%
5 Communication Services 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PRGS icon
451
Progress Software
PRGS
$1.66B
$4.19M 0.05%
+65,653
New +$3.99M
PHAT icon
452
PUT
Phathom Pharmaceuticals
PHAT
$708M
$4.17M 0.05%
+435,000
New +$2.41M
BAH icon
453
PUT
Booz Allen Hamilton
BAH
$8.39B
$4.17M 0.05%
+40,000
New +$4.48M
REPL icon
454
PUT
Replimune Group
REPL
$941M
$4.14M 0.05%
+445,600
New +$3.89M
LLY icon
455
Eli Lilly
LLY
$1.02T
$4.13M 0.05%
+5,300
New +$4.12M
APGE icon
456
CALL
Apogee Therapeutics
APGE
$10.1B
$4.13M 0.05%
95,000
-56,300
-37% -$2.14M
WSM icon
457
CALL
Williams-Sonoma
WSM
$26.9B
$4.08M 0.05%
+25,000
New +$3.92M
XLU icon
458
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$4.08M 0.05%
100,000
– –
XLU icon
459
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.8B
$4.08M 0.05%
100,000
– –
CIM
460
PUT
Chimera Investment
CIM
$1.04B
$4.08M 0.05%
294,300
+94,300
+47% +$1.21M
NTGR icon
461
PUT
NETGEAR
NTGR
$648M
$4.07M 0.05%
140,000
-55,000
-28% -$1.48M
EXAS
462
CALL
DELISTED
Exact Sciences
EXAS
$4.07M 0.05%
+76,500
New +$3.89M
HTZ icon
463
PUT
Hertz
HTZ
$499M
$4.06M 0.04%
594,100
-50,000
-8% -$312K
LUV icon
464
CALL
Southwest Airlines
LUV
$22B
$4.05M 0.04%
+125,000
New +$3.77M
GDS icon
465
CALL
GDS Holdings
GDS
$6.56B
$4.05M 0.04%
132,500
+52,500
+66% +$1.33M
TECK icon
466
CALL
Teck Resources
TECK
$29.6B
$4.04M 0.04%
+100,000
New +$3.61M
BUR icon
467
PUT
Burford Capital
BUR
$903M
$4M 0.04%
+280,300
New +$3.66M
APLS
468
DELISTED
Apellis Pharmaceuticals
APLS
$4M 0.04%
230,888
+218,888
+1,824% +$4.05M
ALIT icon
469
CALL
Alight
ALIT
$447M
$3.96M 0.04%
35,000
-2,750
-7% -$294K
ECHO
470
EchoStar
ECHO
$24.4B
$3.96M 0.04%
+142,900
New +$3.14M
WULF icon
471
PUT
TeraWulf
WULF
$8.75B
$3.94M 0.04%
900,000
+661,600
+278% +$2.26M
YETI icon
472
CALL
Yeti Holdings
YETI
$3.71B
$3.94M 0.04%
+125,000
New +$3.75M
AZN icon
473
AstraZeneca
AZN
$263B
$3.91M 0.04%
+27,999
New +$3.92M
NTGR icon
474
NETGEAR
NTGR
$648M
$3.91M 0.04%
134,343
+102,152
+317% +$2.74M
SHOP icon
475
Shopify
SHOP
$152B
$3.9M 0.04%
+33,850
New +$3.39M
17 18
19
20 21

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 Q2 2025 Portfolio in Review

As of Q2 2025, Caption Management held 2,015 positions worth $9.03B, down 13% from $10.4B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Caption Management withdrew a net $2.48B in Q2 2025, closing 636 positions and reducing 307 holdings. Its most notable exit was Microsoft, an estimated $394M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, up from 1.5% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Caption Management opened a new position in Skechers worth $20.1M.

  • Caption Management's largest Q2 2025 buy was Skechers: 317,932 shares worth $20.1M.
  • Caption Management added most to Kellanova in Q2 2025, an estimated $15.3M increase.
  • Caption Management's biggest Q2 2025 reduction was Alphabet (Google) Class A, cutting an estimated $121M.
  • Caption Management fully exited Microsoft in Q2 2025, selling an estimated $394M.
  • Caption Management's ten largest holdings make up 18% of its $9.03B portfolio in Q2 2025.
  • Caption Management opened 576 new positions and closed 636 in Q2 2025.
  • Caption Management's portfolio value fell 13% quarter-over-quarter to $9.03B.

Based on Caption Management's 13F filing for Q2 2025, filed 14 Aug 2025.