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Caption Management Portfolio holdings
AUM
$21.5B
1-Year Est. Return
81.81%
This Fund
S&P 500
This Quarter
Est. Return
+17.45%
1 Year Est. Return
+81.81%
3 Year Est. Return
+226.72%
5 Year Est. Return
+294.21%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.37B
(-13%)
Cap. Flow
-$1.22B
Cap. Flow
% of AUM
-13.56%
Top 10 Holdings %
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 |
Regeneron Pharmaceuticals
REGN
|
+$17.4M |
| 3 |
Insmed
INSM
|
+$16.1M |
| 4 |
Gilead Sciences
GILD
|
+$15.8M |
| 5 |
K
Kellanova
K
|
+$15.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$394M |
| 2 |
Amazon
AMZN
|
+$314M |
| 3 |
NVIDIA
NVDA
|
+$255M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$121M |
| 5 |
Advanced Micro Devices
AMD
|
+$61.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 88.58% |
| 2 | Healthcare | 3.09% |
| 3 | Consumer Discretionary | 2.5% |
| 4 | Technology | 1.62% |
| 5 | Financials | 1.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PMT
726
PUT
PennyMac Mortgage Investment
PMT
$784M
| $1.93M | 0.02% |
+150,000
| New | +$1.91M |
|
727
PUT
McEwen Inc
MUX
$1.15B
| $1.92M | 0.02% |
200,000
| – | – |
|
728
PUT
KBR
KBR
$4.62B
| $1.91M | 0.02% |
39,900
| – | – |
|
729
National Vision
EYE
$1.31B
| $1.91M | 0.02% |
83,000
-14,099
| -15% | -$240K |
|
730
CALL
Gogo Inc
GOGO
$344M
| $1.91M | 0.02% |
130,000
-103,800
| -44% | -$1.06M |
|
731
CAE Inc
CAE
$7.8B
| $1.9M | 0.02% |
+65,000
| New | +$1.64M |
|
732
CALL
Nutanix
NTNX
$18.9B
| $1.9M | 0.02% |
+24,800
| New | +$1.79M |
|
733
CALL
Sempra
SRE
$53.5B
| $1.89M | 0.02% |
25,000
| – | – |
|
734
PUT
Prologis
PLD
$128B
| $1.89M | 0.02% |
18,000
-12,000
| -40% | -$1.26M |
|
735
Compass Therapeutics
CMPX
$340M
| $1.89M | 0.02% |
+725,510
| New | +$1.5M |
|
736
CALL
Nuvation Bio
NUVB
$2.14B
| $1.88M | 0.02% |
+965,400
| New | +$2.01M |
|
737
Aaon
AAON
$6.35B
| $1.87M | 0.02% |
+25,396
| New | +$2.23M |
|
738
CALL
Primoris Services
PRIM
$4.09B
| $1.87M | 0.02% |
+24,000
| New | +$1.63M |
|
739
PUT
Community Health Systems
CYH
$409M
| $1.87M | 0.02% |
550,000
| – | – |
|
740
PUT
GE HealthCare
GEHC
$28.8B
| $1.85M | 0.02% |
25,000
| – | – |
|
|
WBS
741
CALL
DELISTED
Webster Financial
WBS
| $1.85M | 0.02% |
33,800
| – | – |
|
742
PUT
Doximity
DOCS
$4.66B
| $1.84M | 0.02% |
30,000
-30,000
| -50% | -$1.67M |
|
743
CALL
APA Corp
APA
$15.8B
| $1.83M | 0.02% |
+100,000
| New | +$1.73M |
|
|
HTZWW
744
Hertz Global Holdings Warrants
HTZWW
$77.3M
| $1.82M | 0.02% |
+499,998
| New | +$1.69M |
|
745
Abercrombie & Fitch
ANF
$5.98B
| $1.82M | 0.02% |
+22,000
| New | +$1.67M |
|
|
GES
746
PUT
DELISTED
Guess Inc
GES
| $1.81M | 0.02% |
+150,000
| New | +$1.68M |
|
747
CALL
Performance Food Group
PFGC
$14.3B
| $1.8M | 0.02% |
20,600
+10,300
| +100% | +$858K |
|
748
CALL
Pacira BioSciences
PCRX
$995M
| $1.79M | 0.02% |
+75,000
| New | +$1.89M |
|
|
EH
749
CALL
EHang Holdings
EH
$353M
| $1.79M | 0.02% |
+103,200
| New | +$1.75M |
|
750
PUT
Xponential Fitness
XPOF
$162M
| $1.79M | 0.02% |
238,800
-30,000
| -11% | -$249K |
|
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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 $1.22B 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 Miscellaneous at 89% of assets, up from 79% a quarter earlier, followed by Healthcare and Consumer Discretionary.
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.