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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
Cap. Flow
-$2.48B
Cap. Flow %
-27.43%
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
REGN icon
Regeneron Pharmaceuticals
REGN
+$17.4M
3
INSM icon
Insmed
INSM
+$16.1M
4
GILD icon
Gilead Sciences
GILD
+$15.8M
5
K
Kellanova
K
+$15.3M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$394M
2
AMZN icon
Amazon
AMZN
+$314M
3
NVDA icon
NVIDIA
NVDA
+$255M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$121M
5
AMD icon
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
VAL.WS icon
1376
Valaris Ltd Warrants
VAL.WS
$684M
$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
AA icon
1380
CALL
Alcoa
AA
$11.9B
– –
-60,000
Closed -$1.83M
AA icon
1381
Alcoa
AA
$11.9B
– –
-51,500
Closed -$1.39M
AAP icon
1382
Advance Auto Parts
AAP
$3.35B
– –
-39,502
Closed -$1.55M
AAP icon
1383
PUT
Advance Auto Parts
AAP
$3.35B
– –
-25,000
Closed -$980K
ABBV icon
1384
PUT
AbbVie
ABBV
$443B
– –
-59,000
Closed -$12.4M
ABNB icon
1385
Airbnb
ABNB
$89.9B
– –
-26,000
Closed -$3.29M
ABNB icon
1386
PUT
Airbnb
ABNB
$89.9B
– –
-55,000
Closed -$6.57M
ABT icon
1387
Abbott
ABT
$183B
– –
-14,100
Closed -$1.86M
ABT icon
1388
PUT
Abbott
ABT
$183B
– –
-40,000
Closed -$5.31M
ABUS icon
1389
CALL
Arbutus Biopharma
ABUS
$857M
– –
-75,000
Closed -$262K
ABUS icon
1390
PUT
Arbutus Biopharma
ABUS
$857M
– –
-75,000
Closed -$262K
ACHC icon
1391
CALL
Acadia Healthcare
ACHC
$2.76B
– –
-20,000
Closed -$606K
ACVA icon
1392
ACV Auctions
ACVA
$1.31B
– –
-40,000
Closed -$622K
ADUS icon
1393
CALL
Addus HomeCare
ADUS
$2.16B
– –
-10,000
Closed -$989K
AES icon
1394
CALL
AES
AES
$10.5B
– –
-703,700
Closed -$8.74M
AKAM icon
1395
CALL
Akamai
AKAM
$16.7B
– –
-128,800
Closed -$10.4M
AKAM icon
1396
PUT
Akamai
AKAM
$16.7B
– –
-50,000
Closed -$4.03M
ALC icon
1397
CALL
Alcon
ALC
$33.6B
– –
-63,000
Closed -$5.98M
ALC icon
1398
Alcon
ALC
$33.6B
– –
-5,000
Closed -$475K
ALDX icon
1399
PUT
Aldeyra Therapeutics
ALDX
$92.9M
– –
-300,800
Closed -$1.73M
ALGN icon
1400
Align Technology
ALGN
$12.1B
– –
-800
Closed -$127K
54 55
56
57 58

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 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.