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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
TTD icon
126
PUT
Trade Desk
TTD
$8.13B
$22.1M 0.17%
450,000
+412,500
+1,100% +$26.2M
LQDA icon
127
CALL
Liquidia Corp
LQDA
$7.67B
$21.9M 0.17%
962,000
+803,500
+507% +$17.4M
BMNR
128
CALL
BitMine Immersion Technologies
BMNR
$9.52B
$21.8M 0.17%
+419,000
New +$21.2M
MDB icon
129
PUT
MongoDB
MDB
$24B
$21.7M 0.17%
70,000
– –
CZR icon
130
CALL
Caesars Entertainment
CZR
$6.1B
$21.6M 0.17%
800,000
– –
TRGP icon
131
CALL
Targa Resources
TRGP
$60.4B
$21.6M 0.17%
+128,700
New +$21.4M
TMO icon
132
CALL
Thermo Fisher Scientific
TMO
$211B
$21.4M 0.17%
+44,100
New +$20.5M
TLN
133
CALL
Talen Energy Corp
TLN
$17.2B
$21.3M 0.17%
50,000
– –
RIOT icon
134
CALL
Riot Platforms
RIOT
$8.52B
$21.2M 0.17%
+1,115,000
New +$15.4M
TXRH icon
135
PUT
Texas Roadhouse
TXRH
$12.7B
$21.2M 0.17%
+127,300
New +$22.4M
ASND icon
136
CALL
Ascendis Pharma A/S
ASND
$16.7B
$21M 0.16%
105,600
+50,600
+92% +$9.44M
ABT icon
137
CALL
Abbott
ABT
$180B
$20.9M 0.16%
156,000
+133,300
+587% +$17.5M
EOSE icon
138
PUT
Eos Energy Enterprises
EOSE
$1.23B
$20.9M 0.16%
1,833,100
+333,000
+22% +$2.28M
MRK icon
139
CALL
Merck
MRK
$324B
$20.7M 0.16%
247,000
-152,000
-38% -$12.5M
IREN icon
140
Iris Energy
IREN
$13.2B
$20.6M 0.16%
437,909
+383,809
+709% +$9.32M
URGN icon
141
CALL
UroGen Pharma
URGN
$2B
$19.9M 0.16%
1,000,000
+950,000
+1,900% +$17.1M
SOFI icon
142
CALL
SoFi Technologies
SOFI
$21.1B
$19.8M 0.15%
750,000
– –
PYPL icon
143
CALL
PayPal
PYPL
$49.5B
$19.8M 0.15%
295,000
+257,000
+676% +$18.1M
WULF icon
144
PUT
TeraWulf
WULF
$9.15B
$19.7M 0.15%
1,727,000
+827,000
+92% +$6.32M
HWM icon
145
PUT
Howmet Aerospace
HWM
$116B
$19.6M 0.15%
+100,000
New +$18.2M
TRTX
146
CALL
TPG RE Finance Trust
TRTX
$666M
$19.6M 0.15%
2,290,000
+1,290,000
+129% +$11.4M
KNSA icon
147
CALL
Kiniksa Pharmaceuticals
KNSA
$4.83B
$19.5M 0.15%
502,600
+272,600
+119% +$8.86M
APD icon
148
CALL
Air Products & Chemicals
APD
$66.3B
$19.5M 0.15%
+71,500
New +$20.7M
ZS icon
149
CALL
Zscaler
ZS
$23B
$19.5M 0.15%
+65,000
New +$18.5M
RH icon
150
PUT
RH
RH
$3.3B
$19.5M 0.15%
95,800
– –
4 5
6
7 8

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.