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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
OWL icon
101
PUT
Blue Owl Capital
OWL
$6.39B
$26.1M 0.2%
1,541,600
+1,341,600
+671% +$25.5M
UNH icon
102
PUT
UnitedHealth
UNH
$382B
$25.9M 0.2%
75,000
+8,100
+12% +$2.45M
MP icon
103
CALL
MP Materials
MP
$7.35B
$25.9M 0.2%
386,000
-27,000
-7% -$1.7M
VSAT icon
104
Viasat
VSAT
$9.79B
$25.8M 0.2%
+881,123
New +$21.1M
OSCR icon
105
CALL
Oscar Health
OSCR
$8.5B
$25.7M 0.2%
1,359,400
+536,700
+65% +$8.84M
LNG icon
106
CALL
Cheniere Energy
LNG
$56.5B
$25.7M 0.2%
109,300
+84,300
+337% +$19.8M
NBIS
107
CALL
Nebius Group N.V.
NBIS
$47.7B
$25.6M 0.2%
227,800
-17,500
-7% -$1.22M
WIX icon
108
CALL
WIX.com
WIX
$2.15B
$25M 0.2%
+141,000
New +$21.2M
SLNO
109
DELISTED
Soleno Therapeutics
SLNO
$25M 0.2%
370,000
+106,713
+41% +$7.91M
NVO
110
PUT
Novo Nordisk
NVO
$216B
$25M 0.19%
+450,000
New +$26.3M
SOC icon
111
Sable Offshore Corp
SOC
$903M
$24.8M 0.19%
1,421,564
+1,362,569
+2,310% +$34.9M
ASTS icon
112
CALL
AST SpaceMobile
ASTS
$16.8B
$24.3M 0.19%
496,100
+116,900
+31% +$5.63M
RVMD icon
113
CALL
Revolution Medicines
RVMD
$40.2B
$24.1M 0.19%
516,000
+220,800
+75% +$8.65M
WDC icon
114
PUT
Western Digital
WDC
$179B
$24M 0.19%
200,000
+50,000
+33% +$4.09M
DAVE icon
115
CALL
Dave Inc
DAVE
$5.12B
$24M 0.19%
120,400
+7,500
+7% +$1.62M
XLB icon
116
State Street Materials Select Sector SPDR ETF
XLB
$8.51B
$24M 0.19%
535,504
+449,504
+523% +$20.3M
VKTX icon
117
CALL
Viking Therapeutics
VKTX
$4.04B
$24M 0.19%
911,900
+721,800
+380% +$21.5M
BCH icon
118
PUT
Banco de Chile
BCH
$20.6B
$23.8M 0.19%
+786,400
New +$22.9M
HPE icon
119
Hewlett Packard
HPE
$63.2B
$23.8M 0.19%
970,000
+829,700
+591% +$18.3M
BBWI icon
120
PUT
Bath & Body Works
BBWI
$4.01B
$23.4M 0.18%
909,000
-212,000
-19% -$6.28M
WBD icon
121
CALL
Warner Bros
WBD
$64.6B
$22.6M 0.18%
1,158,300
+632,700
+120% +$8.62M
XLE icon
122
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.5B
$22.3M 0.17%
+499,200
New +$21.9M
QURE icon
123
CALL
uniQure
QURE
$2.68B
$22.2M 0.17%
381,000
-1,114,100
-75% -$20.2M
ALGM icon
124
PUT
Allegro MicroSystems
ALGM
$8.58B
$22.2M 0.17%
761,200
+361,200
+90% +$11.7M
KRE icon
125
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$22.2M 0.17%
+350,000
New +$22.1M
3 4
5
6 7

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.