We are live on
!
Find out more
CM
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
(-13%)
Cap. Flow
-$2.48B
Cap. Flow
% of AUM
-27.43%
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 | 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 | |
|---|---|---|---|---|---|---|
|
NBIS
826
Nebius Group N.V.
NBIS
$48.3B
| $1.43M | 0.02% |
+25,800
| New | +$888K |
|
|
OSG
827
PUT
Octave Specialty Group
OSG
$243M
| $1.42M | 0.02% |
200,000
-265,000
| -57% | -$1.97M |
|
|
MFA
828
PUT
MFA Financial
MFA
$926M
| $1.42M | 0.02% |
150,000
| – | – |
|
829
CALL
Calumet Specialty Products
CLMT
$3.85B
| $1.42M | 0.02% |
90,000
-225,000
| -71% | -$2.86M |
|
|
ARI
830
PUT
Apollo Commercial Real Estate
ARI
$867M
| $1.41M | 0.02% |
145,800
-25,000
| -15% | -$236K |
|
831
PUT
Allot
ALLT
$372M
| $1.41M | 0.02% |
165,000
| – | – |
|
832
PUT
Shake Shack
SHAK
$2.53B
| $1.41M | 0.02% |
10,000
| – | – |
|
833
CALL
BioMarin Pharmaceuticals
BMRN
$11.6B
| $1.4M | 0.02% |
25,500
-18,000
| -41% | -$1.06M |
|
834
PUT
CBRE Group
CBRE
$42.5B
| $1.4M | 0.02% |
+10,000
| New | +$1.26M |
|
835
CALL
Modine Manufacturing
MOD
$10.7B
| $1.4M | 0.02% |
+14,200
| New | +$1.27M |
|
836
CALL
Assured Guaranty
AGO
$3.66B
| $1.39M | 0.02% |
16,000
| – | – |
|
837
PayPal
PYPL
$48.9B
| $1.39M | 0.02% |
18,700
| – | – |
|
838
PUT
Clear Secure
YOU
$5.57B
| $1.39M | 0.02% |
+50,000
| New | +$1.27M |
|
839
Signet Jewelers
SIG
$3.61B
| $1.39M | 0.02% |
17,445
-22,711
| -57% | -$1.51M |
|
840
CALL
Aaon
AAON
$7.3B
| $1.39M | 0.02% |
+18,800
| New | +$1.65M |
|
841
CALL
Cemex
CX
$17.1B
| $1.39M | 0.02% |
200,000
+150,000
| +300% | +$951K |
|
842
Aurinia Pharmaceuticals
AUPH
$1.91B
| $1.39M | 0.02% |
163,544
+25,392
| +18% | +$204K |
|
843
Biogen
BIIB
$30B
| $1.38M | 0.02% |
+11,000
| New | +$1.37M |
|
844
CME Group
CME
$96.3B
| $1.38M | 0.02% |
+5,000
| New | +$1.36M |
|
845
PUT
Nutanix
NTNX
$16B
| $1.38M | 0.02% |
+18,000
| New | +$1.3M |
|
846
CALL
Mama's Creations
MAMA
$857M
| $1.36M | 0.02% |
163,600
+60,000
| +58% | +$432K |
|
847
Applied Digital
APLD
$7.89B
| $1.36M | 0.02% |
134,800
-800
| -0.6% | -$5.9K |
|
848
PUT
Klaviyo
KVYO
$5.34B
| $1.34M | 0.01% |
+40,000
| New | +$1.27M |
|
849
PUT
Fluence Energy
FLNC
$1.85B
| $1.34M | 0.01% |
200,000
| – | – |
|
|
HBI
850
DELISTED
Hanesbrands
HBI
| $1.34M | 0.01% |
+292,576
| New | +$1.41M |
|
Similar funds
ASRS
PP
VMPIC
BCIM
BBA
FCM
AIMCA
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.