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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
NNE
601
CALL
Nano Nuclear Energy
NNE
$875M
$3.66M 0.03%
95,000
+65,000
+217% +$2.31M
LITE icon
602
PUT
Lumentum
LITE
$55.4B
$3.66M 0.03%
22,500
– –
OTIS icon
603
CALL
Otis Worldwide
OTIS
$27.9B
$3.66M 0.03%
+40,000
New +$3.63M
HUN icon
604
Huntsman Corp
HUN
$2.06B
$3.65M 0.03%
406,517
+97,617
+32% +$1.03M
RIO icon
605
PUT
Rio Tinto
RIO
$150B
$3.65M 0.03%
55,300
-11,400
-17% -$705K
ANET icon
606
PUT
Arista Networks
ANET
$215B
$3.64M 0.03%
25,000
-60,000
-71% -$7.73M
DNTH icon
607
PUT
Dianthus Therapeutics
DNTH
$5.71B
$3.64M 0.03%
+92,500
New +$2.36M
UTI icon
608
CALL
Universal Technical Institute
UTI
$2.12B
$3.64M 0.03%
111,700
+29,900
+37% +$879K
HST icon
609
CALL
Host Hotels & Resorts
HST
$17.1B
$3.62M 0.03%
+212,600
New +$3.53M
HST icon
610
PUT
Host Hotels & Resorts
HST
$17.1B
$3.62M 0.03%
+212,600
New +$3.53M
RCAT icon
611
CALL
Red Cat Holdings
RCAT
$1.19B
$3.6M 0.03%
+348,300
New +$3.25M
TKO icon
612
TKO Group
TKO
$13.7B
$3.6M 0.03%
+17,805
New +$3.25M
REPL icon
613
CALL
Replimune Group
REPL
$724M
$3.57M 0.03%
852,200
+59,800
+8% +$382K
PDD icon
614
PUT
Pinduoduo
PDD
$121B
$3.57M 0.03%
27,000
+2,000
+8% +$237K
CVS icon
615
CVS Health
CVS
$137B
$3.54M 0.03%
47,000
-33,000
-41% -$2.26M
WSC icon
616
PUT
WillScot Mobile Mini Holdings
WSC
$4.85B
$3.54M 0.03%
167,500
+112,500
+205% +$2.9M
HOUS
617
DELISTED
Anywhere Real Estate
HOUS
$3.53M 0.03%
333,798
+148,798
+80% +$875K
BBWI icon
618
Bath & Body Works
BBWI
$4.13B
$3.53M 0.03%
137,022
+115,831
+547% +$3.43M
CMPX icon
619
CALL
Compass Therapeutics
CMPX
$375M
$3.5M 0.03%
+1,000,000
New +$3.16M
KNSA icon
620
PUT
Kiniksa Pharmaceuticals
KNSA
$4.89B
$3.49M 0.03%
90,000
-1,052,500
-92% -$34.2M
BAC icon
621
CALL
Bank of America
BAC
$436B
$3.48M 0.03%
+67,500
New +$3.29M
Z icon
622
Zillow
Z
$7.32B
$3.48M 0.03%
+45,163
New +$3.69M
FSLY icon
623
Fastly Inc
FSLY
$3.14B
$3.48M 0.03%
+406,551
New +$3.01M
NTLA icon
624
CALL
Intellia Therapeutics
NTLA
$1.49B
$3.45M 0.03%
199,800
+164,800
+471% +$2.03M
OTIS icon
625
PUT
Otis Worldwide
OTIS
$27.9B
$3.43M 0.03%
37,500
+16,900
+82% +$1.53M
23 24
25
26 27

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.