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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
ET icon
526
PUT
Energy Transfer Partners
ET
$70.1B
$3.44M 0.04%
190,000
-1,508,900
-89% -$26.3M
AR icon
527
CALL
Antero Resources
AR
$11.1B
$3.42M 0.04%
85,000
– –
GEL icon
528
CALL
Genesis Energy
GEL
$1.87B
$3.4M 0.04%
197,500
-80,000
-29% -$1.21M
EG icon
529
Everest Group
EG
$14.5B
$3.4M 0.04%
+10,000
New +$3.45M
LUV icon
530
Southwest Airlines
LUV
$22B
$3.38M 0.04%
104,200
+70,200
+206% +$2.11M
DPZ icon
531
Domino's
DPZ
$11.5B
$3.38M 0.04%
+7,500
New +$3.52M
COGT icon
532
PUT
Cogent Biosciences
COGT
$6.65B
$3.38M 0.04%
+470,300
New +$2.61M
ECHO
533
PUT
EchoStar
ECHO
$24.4B
$3.37M 0.04%
121,500
+91,500
+305% +$2.01M
PARA
534
PUT
DELISTED
Paramount Global Class B
PARA
$3.35M 0.04%
+260,000
New +$3.04M
SAND
535
CALL
DELISTED
Sandstorm Gold
SAND
$3.34M 0.04%
+354,800
New +$3.04M
VNDA icon
536
PUT
Vanda Pharmaceuticals
VNDA
$307M
$3.3M 0.04%
700,000
+400,000
+133% +$1.75M
SOC icon
537
PUT
Sable Offshore Corp
SOC
$1.01B
$3.3M 0.04%
150,000
-196,300
-57% -$4.57M
QRVO icon
538
Qorvo
QRVO
$7.99B
$3.27M 0.04%
+38,500
New +$2.78M
APO icon
539
CALL
Apollo Global Management
APO
$72.4B
$3.26M 0.04%
23,000
-15,000
-39% -$1.99M
TREX icon
540
CALL
Trex
TREX
$4.51B
$3.26M 0.04%
+60,000
New +$3.4M
AMCR icon
541
Amcor
AMCR
$20.8B
$3.26M 0.04%
71,000
+60,649
+586% +$2.8M
ALNY icon
542
CALL
Alnylam Pharmaceuticals
ALNY
$27.5B
$3.26M 0.04%
10,000
-27,000
-73% -$7.47M
SHCO
543
PUT
DELISTED
Soho House & Co
SHCO
$3.26M 0.04%
+443,600
New +$2.75M
CNC icon
544
PUT
Centene
CNC
$30.7B
$3.26M 0.04%
60,000
-200,000
-77% -$11.7M
LH icon
545
PUT
Labcorp
LH
$25B
$3.26M 0.04%
+12,400
New +$3.02M
RRC icon
546
CALL
Range Resources
RRC
$9.38B
$3.25M 0.04%
80,000
+56,200
+236% +$2.12M
RRC icon
547
PUT
Range Resources
RRC
$9.38B
$3.25M 0.04%
+80,000
New +$3.02M
UAL icon
548
United Airlines
UAL
$39.4B
$3.24M 0.04%
+40,700
New +$3M
IMVT icon
549
PUT
Immunovant
IMVT
$7.93B
$3.24M 0.04%
202,500
-24,500
-11% -$370K
YUMC icon
550
CALL
Yum China
YUMC
$16.5B
$3.24M 0.04%
+72,400
New +$3.24M
20 21
22
23 24

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.