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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
AQN icon
1426
Algonquin Power & Utilities
AQN
$4.49B
– –
-337,500
Closed -$1.85M
ARLP icon
1427
CALL
Alliance Resource Partners
ARLP
$3.34B
– –
-20,000
Closed -$546K
ARLP icon
1428
Alliance Resource Partners
ARLP
$3.34B
– –
-1,665
Closed -$45.4K
ARLP icon
1429
PUT
Alliance Resource Partners
ARLP
$3.34B
– –
-50,000
Closed -$1.36M
ARMK icon
1430
CALL
Aramark
ARMK
$15B
– –
-45,900
Closed -$1.58M
ARWR icon
1431
CALL
Arrowhead Research
ARWR
$11.9B
– –
-75,000
Closed -$956K
ASPN icon
1432
CALL
Aspen Aerogels
ASPN
$384M
– –
-452,200
Closed -$2.89M
ATMU icon
1433
Atmus Filtration Technologies
ATMU
$4.22B
– –
-6,400
Closed -$235K
ATS icon
1434
ATS Corp
ATS
$2.64B
– –
-17,607
Closed -$439K
AUR icon
1435
CALL
Aurora
AUR
$12.6B
– –
-830,000
Closed -$5.58M
AVTR icon
1436
PUT
Avantor
AVTR
$9.32B
– –
-120,000
Closed -$1.95M
BCYC
1437
Bicycle Therapeutics
BCYC
$269M
– –
-81,559
Closed -$692K
BDX icon
1438
Becton Dickinson
BDX
$45.6B
– –
-40,075
Closed -$7.35M
BEKE icon
1439
CALL
KE Holdings
BEKE
$18.7B
– –
-100,000
Closed -$2.01M
BEKE icon
1440
PUT
KE Holdings
BEKE
$18.7B
– –
-150,000
Closed -$3.01M
BF.B icon
1441
CALL
Brown-Forman Class B
BF.B
$13.2B
– –
-25,000
Closed -$849K
BHC icon
1442
Bausch Health
BHC
$2.58B
– –
-260,165
Closed -$1.34M
BHP icon
1443
CALL
BHP
BHP
$215B
– –
-158,500
Closed -$7.69M
BIDU icon
1444
CALL
Baidu
BIDU
$37.7B
– –
-143,400
Closed -$13.2M
BIDU icon
1445
Baidu
BIDU
$37.7B
– –
-64,000
Closed -$5.89M
BIDU icon
1446
PUT
Baidu
BIDU
$37.7B
– –
-250,000
Closed -$23M
BILL icon
1447
BILL Holdings
BILL
$4.49B
– –
-9,000
Closed -$413K
BKNG icon
1448
Booking.com
BKNG
$149B
– –
-42,500
Closed -$7.83M
BKNG icon
1449
PUT
Booking.com
BKNG
$149B
– –
-375,000
Closed -$69.1M
BL icon
1450
CALL
BlackLine
BL
$1.84B
– –
-20,000
Closed -$968K
56 57
58
59 60

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.