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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
PG icon
76
CALL
Procter & Gamble
PG
$335B
$22.8M 0.25%
143,200
+53,200
+59% +$8.68M
CZR icon
77
CALL
Caesars Entertainment
CZR
$6.03B
$22.7M 0.25%
800,000
+752,000
+1,567% +$20.4M
IRON icon
78
CALL
Disc Medicine
IRON
$3.03B
$22.6M 0.25%
426,300
+407,200
+2,132% +$19.1M
ROIV icon
79
CALL
Roivant Sciences
ROIV
$24.9B
$22.5M 0.25%
+2,000,000
New +$21.7M
WBA
80
CALL
DELISTED
Walgreens Boots Alliance
WBA
$22.4M 0.25%
1,950,900
+915,700
+88% +$10.2M
ONON icon
81
CALL
On Holding
ONON
$12.4B
$22.4M 0.25%
430,000
+21,100
+5% +$1.08M
SLNO
82
DELISTED
Soleno Therapeutics
SLNO
$22.1M 0.24%
263,287
-31,713
-11% -$2.37M
SE icon
83
CALL
Sea Limited
SE
$65.1B
$22M 0.24%
137,500
+112,500
+450% +$16.3M
ANF icon
84
PUT
Abercrombie & Fitch
ANF
$4.45B
$21.7M 0.24%
+262,500
New +$19.9M
IMCR icon
85
PUT
Immunocore
IMCR
$1.72B
$21.6M 0.24%
687,200
+659,700
+2,399% +$20.5M
XOM icon
86
PUT
ExxonMobil
XOM
$651B
$21.6M 0.24%
+200,000
New +$21.4M
INSM icon
87
Insmed
INSM
$22B
$21.2M 0.24%
+210,928
New +$16.1M
UNH icon
88
PUT
UnitedHealth
UNH
$383B
$20.9M 0.23%
+66,900
New +$25.6M
QURE icon
89
CALL
uniQure
QURE
$2.93B
$20.8M 0.23%
1,495,100
+1,332,500
+819% +$17.9M
NICE icon
90
CALL
Nice
NICE
$5.79B
$20.1M 0.22%
+119,200
New +$19.2M
NICE icon
91
PUT
Nice
NICE
$5.79B
$20.1M 0.22%
+119,200
New +$19.2M
SKX
92
DELISTED
Skechers
SKX
$20.1M 0.22%
+317,932
New +$18.3M
TKO icon
93
PUT
TKO Group
TKO
$13.8B
$19.9M 0.22%
109,600
-20,400
-16% -$3.28M
SHEL icon
94
CALL
Shell
SHEL
$250B
$19.4M 0.21%
275,700
+187,600
+213% +$12.6M
BE icon
95
CALL
Bloom Energy
BE
$61B
$19M 0.21%
794,700
-100
-0% -$1.94K
LEVI icon
96
PUT
Levi Strauss
LEVI
$9.45B
$18.5M 0.2%
+1,000,000
New +$16.6M
NYT icon
97
PUT
New York Times
NYT
$12.3B
$18.5M 0.2%
+330,000
New +$17.5M
VERA icon
98
CALL
Vera Therapeutics
VERA
$2.37B
$18.3M 0.2%
778,000
+676,800
+669% +$15.2M
UTHR icon
99
PUT
United Therapeutics
UTHR
$26.2B
$18.2M 0.2%
63,200
+19,400
+44% +$5.8M
RH icon
100
PUT
RH
RH
$3.15B
$18.1M 0.2%
95,800
+45,800
+92% +$8.51M
2 3
4
5 6

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ASRS
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PP
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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.