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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 | |
|---|---|---|---|---|---|---|
1401
PUT
Alight
ALIT
$314M
| – | – |
-1,125
| Closed | -$133K |
|
1402
Alaska Air
ALK
$4.43B
| – | – |
-18,125
| Closed | -$892K |
|
1403
CALL
Alkermes
ALKS
$7.73B
| – | – |
-30,500
| Closed | -$1.01M |
|
1404
Allogene Therapeutics
ALLO
$584M
| – | – |
-15,000
| Closed | -$21.9K |
|
1405
CALL
Applied Materials
AMAT
$330B
| – | – |
-35,000
| Closed | -$5.08M |
|
|
1406
Advanced Micro Devices
AMD
$837B
| – | – |
-600,000
| Closed | -$61.6M |
|
|
1407
PUT
Advanced Micro Devices
AMD
$837B
| – | – |
-600,000
| Closed | -$61.6M |
|
1408
Amgen
AMGN
$203B
| – | – |
-7,550
| Closed | -$2.14M |
|
|
1409
PUT
Amgen
AMGN
$203B
| – | – |
-22,500
| Closed | -$7.01M |
|
1410
AMN Healthcare
AMN
$1.35B
| – | – |
-2,500
| Closed | -$61.1K |
|
1411
Amplify Energy
AMPY
$189M
| – | – |
-7,410
| Closed | -$27.7K |
|
|
1412
CALL
Amazon
AMZN
$2.65T
| – | – |
-200,000
| Closed | -$38.1M |
|
|
1413
Amazon
AMZN
$2.65T
| – | – |
-1,650,000
| Closed | -$314M |
|
|
1414
PUT
Amazon
AMZN
$2.65T
| – | – |
-1,650,000
| Closed | -$314M |
|
1415
AnaptysBio
ANAB
$1.61B
| – | – |
-23,376
| Closed | -$435K |
|
1416
CALL
Arista Networks
ANET
$249B
| – | – |
-19,000
| Closed | -$1.47M |
|
1417
Angi Inc
ANGI
$215M
| – | – |
-17,150
| Closed | -$264K |
|
|
ANSS
1418
PUT
DELISTED
Ansys
ANSS
| – | – |
-9,600
| Closed | -$3.04M |
|
1419
PUT
Amphenol
APH
$191B
| – | – |
-197,200
| Closed | -$6.47M |
|
1420
CALL
Applied Digital
APLD
$6.93B
| – | – |
-100,000
| Closed | -$562K |
|
|
APLS
1421
PUT
DELISTED
Apellis Pharmaceuticals
APLS
| – | – |
-30,000
| Closed | -$656K |
|
1422
PUT
Apollo Global Management
APO
$73.5B
| – | – |
-22,000
| Closed | -$3.01M |
|
1423
PUT
Appian
APPN
$2.69B
| – | – |
-390,000
| Closed | -$11.2M |
|
1424
CALL
Aptiv
APTV
$9B
| – | – |
-30,000
| Closed | -$1.78M |
|
|
1425
PUT
Aptiv
APTV
$9B
| – | – |
-30,000
| Closed | -$1.78M |
|
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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.