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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
KOPN icon
1226
CALL
Kopin
KOPN
$649M
$683K 0.01%
280,900
+39,000
+16% +$79.6K
IMMR icon
1227
CALL
Immersion
IMMR
$255M
$675K 0.01%
+92,000
New +$667K
MRX
1228
CALL
Marex Group Limited Ordinary Shares
MRX
$4.59B
$672K 0.01%
+20,000
New +$722K
MRX
1229
PUT
Marex Group Limited Ordinary Shares
MRX
$4.59B
$672K 0.01%
+20,000
New +$722K
CVX icon
1230
Chevron
CVX
$375B
$668K 0.01%
+4,300
New +$666K
URA icon
1231
Global X Uranium ETF
URA
$5.41B
$667K 0.01%
+14,000
New +$577K
GIII icon
1232
G-III Apparel Group
GIII
$1.55B
$665K 0.01%
25,000
+18,180
+267% +$461K
KOPN icon
1233
Kopin
KOPN
$649M
$661K 0.01%
271,934
+193,717
+248% +$395K
AESI icon
1234
Atlas Energy Solutions
AESI
$1.38B
$659K 0.01%
58,000
– –
IRM icon
1235
Iron Mountain
IRM
$37.6B
$652K 0.01%
+6,400
New +$617K
LEGN icon
1236
PUT
Legend Biotech
LEGN
$3.69B
$652K 0.01%
+20,000
New +$738K
MLTX icon
1237
MoonLake Immunotherapeutics
MLTX
$1.6B
$651K 0.01%
90,800
+84,831
+1,421% +$4.42M
PTLO icon
1238
Portillo's
PTLO
$336M
$645K 0.01%
+100,000
New +$844K
UAA icon
1239
Under Armour
UAA
$3.07B
$644K 0.01%
129,000
+72,000
+126% +$419K
BSY icon
1240
Bentley Systems
BSY
$10.8B
$644K 0.01%
+12,500
New +$685K
TRVI icon
1241
PUT
Trevi Therapeutics
TRVI
$2.6B
$641K 0.01%
70,000
-80,000
-53% -$600K
OBDC icon
1242
PUT
Blue Owl Capital
OBDC
$5.47B
$639K 0.01%
+50,000
New +$712K
WTI icon
1243
PUT
W&T Offshore
WTI
$475M
$637K 0.01%
+350,000
New +$622K
MBI icon
1244
CALL
MBIA
MBI
$280M
$633K ﹤0.01%
+85,000
New +$539K
ACHV icon
1245
CALL
Achieve Life Sciences
ACHV
$628M
$630K ﹤0.01%
200,000
– –
LAZ icon
1246
Lazard
LAZ
$4.23B
$628K ﹤0.01%
+11,900
New +$642K
PCH
1247
DELISTED
PotlatchDeltic
PCH
$625K ﹤0.01%
15,339
+7,139
+87% +$296K
MTX icon
1248
CALL
Minerals Technologies
MTX
$2.36B
$621K ﹤0.01%
10,000
-230,000
-96% -$14M
EWZ icon
1249
iShares MSCI Brazil ETF
EWZ
$9.13B
$620K ﹤0.01%
20,000
– –
TGT icon
1250
Target
TGT
$65.2B
$619K ﹤0.01%
6,900
-23,400
-77% -$2.3M
48 49
50
51 52

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.