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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
HAFN icon
1401
PUT
Hafnia
HAFN
$3.77B
$311K ﹤0.01%
52,000
+2,000
+4% +$11.4K
CLNE icon
1402
Clean Energy Fuels
CLNE
$421M
$311K ﹤0.01%
120,704
– –
WLACW
1403
DELISTED
Willow Lane Acquisition Corp Warrants
WLACW
$311K ﹤0.01%
+111,000
New +$116K
PRKS icon
1404
United Parks & Resorts
PRKS
$2.21B
$310K ﹤0.01%
+6,000
New +$302K
CRNT icon
1405
Ceragon Networks
CRNT
$195M
$308K ﹤0.01%
132,383
– –
CHGG icon
1406
CALL
Chegg
CHGG
$121M
$302K ﹤0.01%
200,000
+100,000
+100% +$141K
SPRY icon
1407
ARS Pharmaceuticals
SPRY
$563M
$300K ﹤0.01%
+29,812
New +$428K
BZAIW
1408
Blaize Holdings Warrants
BZAIW
$5.93M
$298K ﹤0.01%
+478,991
New +$259K
RGNX icon
1409
CALL
Regenxbio
RGNX
$615M
$290K ﹤0.01%
30,000
– –
RGNX icon
1410
PUT
Regenxbio
RGNX
$615M
$290K ﹤0.01%
30,000
– –
JELD icon
1411
JELD-WEN Holding
JELD
$98.2M
$286K ﹤0.01%
+58,164
New +$311K
BRZE icon
1412
CALL
Braze
BRZE
$2.83B
$284K ﹤0.01%
+10,000
New +$284K
BRZE icon
1413
PUT
Braze
BRZE
$2.83B
$284K ﹤0.01%
10,000
– –
INVZ icon
1414
CALL
Innoviz Technologies
INVZ
$99.5M
$284K ﹤0.01%
139,300
+89,300
+179% +$152K
DAKT icon
1415
Daktronics
DAKT
$953M
$282K ﹤0.01%
13,500
-7
-0.1% -$126
RSKD icon
1416
Riskified
RSKD
$720M
$281K ﹤0.01%
+59,940
New +$295K
AQST icon
1417
CALL
Aquestive Therapeutics
AQST
$472M
$280K ﹤0.01%
+50,000
New +$216K
MBI icon
1418
MBIA
MBI
$278M
$279K ﹤0.01%
37,500
-57,107
-60% -$362K
CRON
1419
CALL
Cronos Group
CRON
$1.06B
$278K ﹤0.01%
100,000
– –
ANET icon
1420
Arista Networks
ANET
$214B
$277K ﹤0.01%
1,900
-13,200
-87% -$1.7M
HPP
1421
PUT
Hudson Pacific Properties
HPP
$765M
$276K ﹤0.01%
+14,286
New +$269K
AGNC icon
1422
AGNC Investment
AGNC
$12.9B
$274K ﹤0.01%
+28,000
New +$271K
WW
1423
CALL
WW International
WW
$138M
$274K ﹤0.01%
+10,000
New +$344K
EVH icon
1424
PUT
Evolent Health
EVH
$421M
$271K ﹤0.01%
32,000
– –
AUR icon
1425
PUT
Aurora
AUR
$12.2B
$270K ﹤0.01%
+50,000
New +$293K
55 56
57
58 59

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.