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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
+35.35%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$12.8B
AUM Growth
+$3.79B
Cap. Flow
+$2.28B
Cap. Flow %
17.8%
Top 10 Hldgs %
15.6%
Holding
2,120
New
741
Increased
362
Reduced
312
Closed
513

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$130M
2
NVDA icon
NVIDIA
NVDA
+$87.2M
3
SOC icon
Sable Offshore Corp
SOC
+$34.9M
4
CORZW icon
Core Scientific Inc Tranche 1 Warrants
CORZW
+$23.1M
5
VSAT icon
Viasat
VSAT
+$21.1M

Top Sells

Rank Stock Value
1
INSM icon
Insmed
INSM
+$25.8M
2
SKX
Skechers
SKX
+$20.1M
3
REGN icon
Regeneron Pharmaceuticals
REGN
+$17.6M
4
CDTX
Cidara Therapeutics
CDTX
+$15.2M
5
K
Kellanova
K
+$15M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 3.1%
2 Technology 2.68%
3 Healthcare 2.33%
4 Communication Services 1.06%
5 Financials 0.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CDZI icon
1201
Cadiz
CDZI
$253M
$741K 0.01%
+157,004
New +$548K
LBRT icon
1202
CALL
Liberty Energy
LBRT
$2.91B
$740K 0.01%
+60,000
New +$694K
HRMY icon
1203
PUT
Harmony Biosciences
HRMY
$2.08B
$730K 0.01%
+26,500
New +$913K
DK icon
1204
PUT
Delek US
DK
$3.85B
$726K 0.01%
+22,500
New +$588K
HMY icon
1205
CALL
Harmony Gold Mining
HMY
$9.83B
$726K 0.01%
40,000
-72,500
-64% -$1.09M
SSTI icon
1206
CALL
SoundThinking
SSTI
$109M
$724K 0.01%
60,000
– –
ARHS icon
1207
PUT
Arhaus
ARHS
$1.13B
$723K 0.01%
+68,000
New +$716K
XYZ
1208
CALL
Block Inc
XYZ
$49.3B
$723K 0.01%
10,000
– –
ODP
1209
CALL
DELISTED
ODP
ODP
$721K 0.01%
+25,900
New +$532K
ORIC icon
1210
PUT
Oric Pharmaceuticals
ORIC
$1.24B
$720K 0.01%
+60,000
New +$631K
NGD
1211
CALL
DELISTED
New Gold Inc
NGD
$718K 0.01%
100,000
-57,600
-37% -$312K
PL.WS
1212
DELISTED
Planet Labs PBC Warrants
PL.WS
$716K 0.01%
+200,593
New +$291K
REPL icon
1213
Replimune Group
REPL
$500M
$712K 0.01%
+170,000
New +$1.09M
GEN icon
1214
CALL
Gen Digital
GEN
$16.6B
$710K 0.01%
+25,000
New +$748K
AGIO icon
1215
Agios Pharmaceuticals
AGIO
$2.17B
$702K 0.01%
17,494
+494
+3% +$18.6K
MTRN icon
1216
Materion
MTRN
$4.47B
$701K 0.01%
+5,800
New +$609K
BIIB icon
1217
Biogen
BIIB
$29.9B
$700K 0.01%
5,000
-6,000
-55% -$811K
SGRY icon
1218
Surgery Partners
SGRY
$2.05B
$700K 0.01%
32,362
-103,315
-76% -$2.3M
PZZA icon
1219
Papa John's
PZZA
$1.02B
$698K 0.01%
+14,500
New +$671K
TWO
1220
CALL
Two Harbors Investment
TWO
$1.27B
$697K 0.01%
+70,600
New +$711K
VRNT
1221
DELISTED
Verint Systems
VRNT
$691K 0.01%
+34,118
New +$702K
LKFT
1222
CALL
Lakefront Biotherapeutics American Depositary Shares
LKFT
$1.84B
$689K 0.01%
19,900
-265,400
-93% -$8.49M
SRPT icon
1223
Sarepta Therapeutics
SRPT
$1.61B
$685K 0.01%
+35,533
New +$633K
PEB icon
1224
PUT
Pebblebrook Hotel Trust
PEB
$2.17B
$683K 0.01%
+60,000
New +$647K
BAX icon
1225
Baxter International
BAX
$12.6B
$683K 0.01%
30,000
-37,500
-56% -$951K
47 48
49
50 51

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 Q3 2025 Portfolio in Review

As of Q3 2025, Caption Management held 2,120 positions worth $12.8B, up 42% from $9.03B the previous quarter. Its ten largest holdings account for 16% of the portfolio.

Caption Management deployed $2.28B of net new capital in Q3 2025, opening 741 new positions and adding to 362 existing holdings. Its largest new stake was Amazon: 575,000 shares worth $126M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 3.1% of assets, up from 2.5% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was Insmed, an estimated $25.8M trimmed.

  • Caption Management's largest Q3 2025 buy was Amazon: 575,000 shares worth $126M.
  • Caption Management added most to Sable Offshore Corp in Q3 2025, an estimated $34.9M increase.
  • Caption Management's biggest Q3 2025 reduction was Insmed, cutting an estimated $25.8M.
  • Caption Management fully exited Skechers in Q3 2025, selling an estimated $20.1M.
  • Caption Management's ten largest holdings make up 16% of its $12.8B portfolio in Q3 2025.
  • Caption Management opened 741 new positions and closed 513 in Q3 2025.
  • Caption Management's portfolio value rose 42% quarter-over-quarter to $12.8B.

Based on Caption Management's 13F filing for Q3 2025, filed 14 Nov 2025.