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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
ARI
1651
PUT
Apollo Commercial Real Estate
ARI
$883M
– –
-145,800
Closed -$1.41M
ARKK icon
1652
ARK Innovation ETF
ARKK
$5.61B
– –
-154,700
Closed -$11.8M
ARRY icon
1653
PUT
Array Technologies
ARRY
$786M
– –
-12,500
Closed -$73.8K
ARVN icon
1654
Arvinas
ARVN
$521M
– –
-1,343,029
Closed -$10.2M
ARVN icon
1655
PUT
Arvinas
ARVN
$521M
– –
-100,000
Closed -$736K
ARWR icon
1656
Arrowhead Research
ARWR
$11.7B
– –
-35,000
Closed -$553K
ARWR icon
1657
PUT
Arrowhead Research
ARWR
$11.7B
– –
-40,000
Closed -$632K
ASND icon
1658
Ascendis Pharma A/S
ASND
$16.3B
– –
-6,499
Closed -$1.21M
ASTL icon
1659
Algoma Steel
ASTL
$461M
– –
-188,663
Closed -$1M
AVGO icon
1660
CALL
Broadcom
AVGO
$1.79T
– –
-20,000
Closed -$5.51M
AZUL
1661
DELISTED
Azul
AZUL
– –
-53,653
Closed -$24.9K
BABA icon
1662
PUT
Alibaba
BABA
$278B
– –
-85,000
Closed -$9.64M
BAH icon
1663
Booz Allen Hamilton
BAH
$8.67B
– –
-35,400
Closed -$3.69M
BAH icon
1664
PUT
Booz Allen Hamilton
BAH
$8.67B
– –
-40,000
Closed -$4.17M
BASE
1665
DELISTED
Couchbase
BASE
– –
-38,000
Closed -$926K
BCRX icon
1666
PUT
BioCryst Pharmaceuticals
BCRX
$2.42B
– –
-20,000
Closed -$179K
BDX icon
1667
CALL
Becton Dickinson
BDX
$45.9B
– –
-36,000
Closed -$6.2M
BEAM icon
1668
Beam Therapeutics
BEAM
$2.56B
– –
-348,435
Closed -$6.93M
BF.B icon
1669
Brown-Forman Class B
BF.B
$13.4B
– –
-7,200
Closed -$194K
BF.B icon
1670
PUT
Brown-Forman Class B
BF.B
$13.4B
– –
-10,000
Closed -$269K
BFH icon
1671
PUT
Bread Financial
BFH
$4.25B
– –
-26,000
Closed -$1.49M
BGS icon
1672
B&G Foods
BGS
$303M
– –
-900
Closed -$3.81K
BGS icon
1673
PUT
B&G Foods
BGS
$303M
– –
-1,000
Closed -$4.23K
BKR icon
1674
CALL
Baker Hughes
BKR
$58.8B
– –
-40,300
Closed -$1.55M
BLCO icon
1675
CALL
Bausch + Lomb
BLCO
$5.87B
– –
-75,000
Closed -$976K
65 66
67
68 69

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.