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 | |
|---|---|---|---|---|---|---|
1101
PUT
Bumble
BMBL
$372M
| $521K | 0.01% |
+79,000
| New | +$399K |
|
1102
Alight
ALIT
$447M
| $517K | 0.01% |
4,570
+1,445
| +46% | +$155K |
|
1103
CALL
OR Royalties Inc
OR
$5.58B
| $514K | 0.01% |
20,000
| – | – |
|
1104
CALL
Applied Optoelectronics
AAOI
$7.57B
| $514K | 0.01% |
+20,000
| New | +$324K |
|
|
1105
PUT
Applied Optoelectronics
AAOI
$7.57B
| $514K | 0.01% |
20,000
+10,000
| +100% | +$162K |
|
1106
Immunovant
IMVT
$7.93B
| $513K | 0.01% |
+32,076
| New | +$485K |
|
1107
Allegro MicroSystems
ALGM
$7.73B
| $513K | 0.01% |
15,000
+11,900
| +384% | +$296K |
|
1108
Ardelyx
ARDX
$1.22B
| $512K | 0.01% |
+130,500
| New | +$538K |
|
|
VRNA
1109
DELISTED
Verona Pharma
VRNA
| $506K | 0.01% |
+5,351
| New | +$396K |
|
|
BRSP
1110
CALL
BrightSpire Capital
BRSP
$634M
| $505K | 0.01% |
+100,000
| New | +$505K |
|
1111
PUT
Utz Brands
UTZ
$1.25B
| $501K | 0.01% |
39,900
| – | – |
|
1112
PUT
Riskified
RSKD
$694M
| $499K | 0.01% |
100,000
| – | – |
|
1113
Kilroy Realty
KRC
$4.52B
| $496K | 0.01% |
14,443
-557
| -4% | -$18.2K |
|
|
NUVL
1114
DELISTED
Nuvalent
NUVL
| $491K | 0.01% |
+6,438
| New | +$471K |
|
1115
Snap
SNAP
$7.89B
| $491K | 0.01% |
+56,500
| New | +$469K |
|
1116
PUT
Finance of America Companies
FOA
$203M
| $490K | 0.01% |
+21,000
| New | +$442K |
|
1117
PUT
Alkermes
ALKS
$8.22B
| $486K | 0.01% |
17,000
-183,000
| -92% | -$5.45M |
|
1118
CALL
Pfizer
PFE
$143B
| $485K | 0.01% |
20,000
| – | – |
|
1119
Agilon Health
AGL
$1.53B
| $483K | 0.01% |
8,400
| – | – |
|
1120
PUT
Star Bulk Carriers
SBLK
$3.21B
| $483K | 0.01% |
28,000
| – | – |
|
1121
Keros Therapeutics
KROS
$199M
| $482K | 0.01% |
36,078
-70,903
| -66% | -$957K |
|
1122
Rhythm Pharmaceuticals
RYTM
$6.81B
| $476K | 0.01% |
+7,540
| New | +$462K |
|
|
OPFI.WS
1123
DELISTED
OppFi Inc Warrants
OPFI.WS
| $475K | 0.01% |
+111,000
| New | +$337K |
|
|
BRSL
1124
PUT
Brightstar Lottery PLC
BRSL
$1.84B
| $474K | 0.01% |
30,000
-145,800
| -83% | -$2.29M |
|
|
TGB
1125
CALL
Trekor Metals
TGB
$2.48B
| $472K | 0.01% |
+149,800
| New | +$350K |
|
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.