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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
(-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 | |
|---|---|---|---|---|---|---|
1176
Blackstone Mortgage Trust
BXMT
$2.45B
| $385K | ﹤0.01% |
20,000
| – | – |
|
|
BTMWW
1177
DELISTED
Bitcoin Depot Inc Warrant
BTMWW
| $384K | ﹤0.01% |
+964,484
| New | +$200K |
|
1178
CALL
Beam Therapeutics
BEAM
$2.63B
| $383K | ﹤0.01% |
+22,500
| New | +$392K |
|
1179
CALL
Aurinia Pharmaceuticals
AUPH
$1.91B
| $381K | ﹤0.01% |
45,000
-75,000
| -63% | -$601K |
|
1180
Ezcorp Inc
EZPW
$1.83B
| $378K | ﹤0.01% |
27,242
-11,877
| -30% | -$172K |
|
1181
PUT
Arcturus Therapeutics
ARCT
$164M
| $376K | ﹤0.01% |
+28,900
| New | +$342K |
|
1182
CALL
Helix Energy Solutions
HLX
$1.4B
| $374K | ﹤0.01% |
+60,000
| New | +$397K |
|
|
CFLT
1183
CALL
DELISTED
Confluent
CFLT
| $374K | ﹤0.01% |
15,000
-203,400
| -93% | -$4.58M |
|
1184
CALL
Kopin
KOPN
$652M
| $370K | ﹤0.01% |
241,900
+99,700
| +70% | +$130K |
|
1185
Freshworks
FRSH
$3.14B
| $370K | ﹤0.01% |
+24,812
| New | +$357K |
|
1186
Liquidia Corp
LQDA
$7.48B
| $363K | ﹤0.01% |
+29,100
| New | +$431K |
|
1187
PUT
Evolent Health
EVH
$348M
| $360K | ﹤0.01% |
+32,000
| New | +$294K |
|
|
TDAY
1188
PUT
USA Today Co
TDAY
$1.27B
| $358K | ﹤0.01% |
+100,000
| New | +$335K |
|
1189
Velocity Financial
VEL
$689M
| $350K | ﹤0.01% |
+18,853
| New | +$330K |
|
|
PR
1190
CALL
Permian Resources
PR
$17.8B
| $341K | ﹤0.01% |
25,000
-155,000
| -86% | -$1.99M |
|
|
PR
1191
PUT
Permian Resources
PR
$17.8B
| $341K | ﹤0.01% |
+25,000
| New | +$322K |
|
1192
DraftKings
DKNG
$11.6B
| $337K | ﹤0.01% |
7,854
-46,146
| -85% | -$1.65M |
|
|
RDFN
1193
PUT
DELISTED
Redfin
RDFN
| $336K | ﹤0.01% |
30,000
| – | – |
|
|
VSXY
1194
Victoria's Secret
VSXY
$7.05B
| $333K | ﹤0.01% |
18,000
-76,646
| -81% | -$1.5M |
|
1195
CALL
Intellia Therapeutics
NTLA
$1.49B
| $328K | ﹤0.01% |
35,000
| – | – |
|
|
1196
PUT
Intellia Therapeutics
NTLA
$1.49B
| $328K | ﹤0.01% |
35,000
| – | – |
|
1197
Ceragon Networks
CRNT
$197M
| $326K | ﹤0.01% |
132,383
-8,227
| -6% | -$18.8K |
|
1198
Avantor
AVTR
$9.32B
| $323K | ﹤0.01% |
24,000
-60,500
| -72% | -$828K |
|
|
AIV
1199
Aimco
AIV
$387M
| $323K | ﹤0.01% |
+37,320
| New | +$302K |
|
1200
ArcelorMittal
MT
$52.9B
| $316K | ﹤0.01% |
10,000
| – | – |
|
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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 $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.