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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
ETNB
901
DELISTED
89bio
ETNB
$1.12M 0.01%
114,401
-66,199
-37% -$548K
ASND icon
902
Ascendis Pharma A/S
ASND
$16B
$1.12M 0.01%
6,499
-19,501
-75% -$3.18M
XBI icon
903
PUT
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$1.12M 0.01%
13,500
-111,500
-89% -$8.9M
TROX icon
904
Tronox
TROX
$932M
$1.12M 0.01%
220,000
+200,000
+1,000% +$1.09M
INDV icon
905
CALL
Indivior Pharmaceuticals
INDV
$4.73B
$1.11M 0.01%
+75,000
New +$873K
RVMD icon
906
PUT
Revolution Medicines
RVMD
$39.9B
$1.1M 0.01%
+30,000
New +$1.15M
MP icon
907
MP Materials
MP
$7.36B
$1.1M 0.01%
+33,000
New +$842K
AMTB icon
908
PUT
Amerant Bancorp
AMTB
$1.16B
$1.09M 0.01%
+60,000
New +$1.07M
EQX icon
909
PUT
Equinox Gold
EQX
$7.06B
$1.09M 0.01%
+190,000
New +$1.23M
U icon
910
Unity
U
$13.8B
$1.09M 0.01%
+45,000
New +$990K
CVE icon
911
Cenovus Energy
CVE
$55.7B
$1.09M 0.01%
+80,000
New +$1.04M
KHC icon
912
Kraft Heinz
KHC
$30.7B
$1.09M 0.01%
+42,100
New +$1.17M
WWW icon
913
Wolverine World Wide
WWW
$1.61B
$1.08M 0.01%
60,000
-15,692
-21% -$239K
EXEL icon
914
Exelixis
EXEL
$13.3B
$1.07M 0.01%
+24,340
New +$973K
SEDG icon
915
PUT
SolarEdge
SEDG
$2.51B
$1.07M 0.01%
+52,500
New +$868K
TDS icon
916
CALL
Telephone and Data Systems
TDS
$3.82B
$1.07M 0.01%
30,000
-17,500
-37% -$614K
CSX icon
917
CSX Corp
CSX
$93.4B
$1.06M 0.01%
32,600
+26,100
+402% +$785K
TOST icon
918
Toast
TOST
$18.7B
$1.06M 0.01%
+24,000
New +$943K
GLNG icon
919
Golar LNG
GLNG
$5B
$1.06M 0.01%
25,700
-14,300
-36% -$564K
ON icon
920
ON Semiconductor
ON
$31.8B
$1.05M 0.01%
20,100
-11,900
-37% -$517K
ACHC icon
921
Acadia Healthcare
ACHC
$2.76B
$1.05M 0.01%
+46,200
New +$1.09M
SYRE icon
922
CALL
Spyre Therapeutics
SYRE
$8.54B
$1.05M 0.01%
+70,000
New +$1.04M
ENVA icon
923
Enova International
ENVA
$6.33B
$1.05M 0.01%
9,387
– –
DCOM icon
924
PUT
Dime Commercial Bancshares
DCOM
$1.8B
$1.04M 0.01%
+38,600
New +$1.01M
NNE
925
CALL
Nano Nuclear Energy
NNE
$854M
$1.03M 0.01%
+30,000
New +$827K
35 36
37
38 39

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.