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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
VEL icon
526
CALL
Velocity Financial
VEL
$683M
$4.54M 0.04%
250,000
– –
RARE icon
527
PUT
Ultragenyx Pharmaceutical
RARE
$2.65B
$4.51M 0.04%
149,800
-343,700
-70% -$10.3M
TBCH
528
Turtle Beach Corp
TBCH
$239M
$4.5M 0.04%
283,297
+99,628
+54% +$1.48M
VEL icon
529
PUT
Velocity Financial
VEL
$683M
$4.5M 0.04%
248,100
– –
GPCR icon
530
PUT
Structure Therapeutics
GPCR
$3.49B
$4.46M 0.03%
159,400
+97,500
+158% +$1.94M
TECH icon
531
Bio-Techne
TECH
$11.2B
$4.45M 0.03%
+80,000
New +$4.29M
UUUU icon
532
CALL
Energy Fuels
UUUU
$2.82B
$4.45M 0.03%
289,600
+59,600
+26% +$633K
VISN
533
Vistance Networks Inc
VISN
$2.66B
$4.44M 0.03%
287,006
+232,006
+422% +$3.01M
SM icon
534
PUT
SM Energy
SM
$7.96B
$4.43M 0.03%
177,500
– –
NKTR icon
535
PUT
Nektar Therapeutics
NKTR
$2.39B
$4.41M 0.03%
+77,500
New +$2.57M
HNRG icon
536
PUT
Hallador Energy
HNRG
$718M
$4.41M 0.03%
225,100
– –
IMVT icon
537
PUT
Immunovant
IMVT
$8.09B
$4.39M 0.03%
272,500
+70,000
+35% +$1.13M
APGE icon
538
CALL
Apogee Therapeutics
APGE
$10.2B
$4.39M 0.03%
110,500
+15,500
+16% +$592K
BTDR icon
539
Bitdeer Technologies
BTDR
$2.81B
$4.38M 0.03%
+256,419
New +$3.6M
EQX icon
540
CALL
Equinox Gold
EQX
$7.32B
$4.38M 0.03%
390,000
-66,000
-14% -$525K
PCG icon
541
PG&E
PCG
$47.8B
$4.37M 0.03%
289,624
+259,624
+865% +$3.79M
ADMA icon
542
CALL
ADMA Biologics
ADMA
$1.92B
$4.36M 0.03%
297,500
-50,100
-14% -$859K
FBRT
543
CALL
Franklin BSP Realty Trust
FBRT
$601M
$4.34M 0.03%
400,000
-420,000
-51% -$4.63M
CCI icon
544
Crown Castle
CCI
$32.7B
$4.34M 0.03%
+45,000
New +$4.55M
NN icon
545
PUT
NextNav
NN
$1.7B
$4.32M 0.03%
302,200
+172,200
+132% +$2.72M
MRNA icon
546
PUT
Moderna
MRNA
$21.5B
$4.31M 0.03%
+167,000
New +$4.66M
XRT icon
547
CALL
State Street SPDR S&P Retail ETF
XRT
$435M
$4.31M 0.03%
+50,000
New +$4.17M
CSX icon
548
PUT
CSX Corp
CSX
$98.6B
$4.29M 0.03%
120,800
+55,800
+86% +$1.91M
BMY icon
549
PUT
Bristol-Myers Squibb
BMY
$127B
$4.28M 0.03%
95,000
-125,000
-57% -$5.84M
UHS icon
550
CALL
Universal Health Services
UHS
$9.43B
$4.27M 0.03%
+20,900
New +$3.76M
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 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.