We are live on
!
Find out more
CM
Caption Management Portfolio holdings
AUM
$21.5B
1-Year Est. Return
81.81%
This Fund
S&P 500
This Quarter
Est. Return
+17.45%
1 Year Est. Return
+81.81%
3 Year Est. Return
+226.72%
5 Year Est. Return
+294.21%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.37B
(-13%)
Cap. Flow
-$1.22B
Cap. Flow
% of AUM
-13.56%
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 | Miscellaneous | 88.58% |
| 2 | Healthcare | 3.09% |
| 3 | Consumer Discretionary | 2.5% |
| 4 | Technology | 1.62% |
| 5 | Financials | 1.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Valaris Ltd Warrants
VAL.WS
$732M
| $255 | ﹤0.01% |
66
| – | – |
|
|
NOVA
1377
CALL
DELISTED
Sunnova Energy
NOVA
| $147 | ﹤0.01% |
244,400
| – | – |
|
|
NOVA
1378
PUT
DELISTED
Sunnova Energy
NOVA
| $108 | ﹤0.01% |
180,800
| – | – |
|
|
NOVA
1379
DELISTED
Sunnova Energy
NOVA
| $82 | ﹤0.01% |
137,000
+49,600
| +57% | +$11.2K |
|
1380
CALL
Alcoa
AA
$12.2B
| – | – |
-60,000
| Closed | -$1.83M |
|
|
1381
Alcoa
AA
$12.2B
| – | – |
-51,500
| Closed | -$1.39M |
|
1382
Advance Auto Parts
AAP
$2.53B
| – | – |
-39,502
| Closed | -$1.55M |
|
|
1383
PUT
Advance Auto Parts
AAP
$2.53B
| – | – |
-25,000
| Closed | -$980K |
|
1384
PUT
AbbVie
ABBV
$464B
| – | – |
-59,000
| Closed | -$12.4M |
|
1385
Airbnb
ABNB
$98.8B
| – | – |
-26,000
| Closed | -$3.29M |
|
|
1386
PUT
Airbnb
ABNB
$98.8B
| – | – |
-55,000
| Closed | -$6.57M |
|
1387
Abbott
ABT
$177B
| – | – |
-14,100
| Closed | -$1.86M |
|
|
1388
PUT
Abbott
ABT
$177B
| – | – |
-40,000
| Closed | -$5.31M |
|
1389
CALL
Arbutus Biopharma
ABUS
$1B
| – | – |
-75,000
| Closed | -$262K |
|
|
1390
PUT
Arbutus Biopharma
ABUS
$1B
| – | – |
-75,000
| Closed | -$262K |
|
1391
CALL
Acadia Healthcare
ACHC
$2.62B
| – | – |
-20,000
| Closed | -$606K |
|
1392
ACV Auctions
ACVA
$1.77B
| – | – |
-40,000
| Closed | -$622K |
|
1393
CALL
Addus HomeCare
ADUS
$2.21B
| – | – |
-10,000
| Closed | -$989K |
|
1394
CALL
AES
AES
$10.6B
| – | – |
-703,700
| Closed | -$8.74M |
|
1395
CALL
Akamai
AKAM
$15B
| – | – |
-128,800
| Closed | -$10.4M |
|
|
1396
PUT
Akamai
AKAM
$15B
| – | – |
-50,000
| Closed | -$4.03M |
|
1397
CALL
Alcon
ALC
$32B
| – | – |
-63,000
| Closed | -$5.98M |
|
|
1398
Alcon
ALC
$32B
| – | – |
-5,000
| Closed | -$475K |
|
1399
PUT
Aldeyra Therapeutics
ALDX
$82.6M
| – | – |
-300,800
| Closed | -$1.73M |
|
1400
Align Technology
ALGN
$10.7B
| – | – |
-800
| Closed | -$127K |
|
Similar funds
AWM
LCIP
BPA
SA
AA
RAM
FCM
BG
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 $1.22B 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 Miscellaneous at 89% of assets, up from 79% a quarter earlier, followed by Healthcare and Consumer Discretionary.
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.