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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
LI icon
1701
CALL
Li Auto
LI
$13.4B
– –
-50,000
Closed -$1.26M
LHX icon
1702
L3Harris
LHX
$51.6B
– –
-35,869
Closed -$7.51M
LHX icon
1703
PUT
L3Harris
LHX
$51.6B
– –
-96,200
Closed -$20.1M
LKQ icon
1704
LKQ Corp
LKQ
$5.72B
– –
-50,000
Closed -$2.13M
LPRO
1705
Open Lending Corp
LPRO
– –
-310,000
Closed -$856K
LRCX icon
1706
CALL
Lam Research
LRCX
$367B
– –
-85,000
Closed -$6.18M
LRCX icon
1707
PUT
Lam Research
LRCX
$367B
– –
-30,000
Closed -$2.18M
LUNR icon
1708
CALL
Intuitive Machines
LUNR
$1.98B
– –
-135,000
Closed -$1.01M
LVS icon
1709
Las Vegas Sands
LVS
$31.7B
– –
-102,000
Closed -$3.97M
LZ icon
1710
CALL
LegalZoom.com
LZ
$1.35B
– –
-80,000
Closed -$689K
MAA icon
1711
CALL
Mid-America Apartment Communities
MAA
$15.4B
– –
-14,000
Closed -$2.35M
MAN icon
1712
ManpowerGroup
MAN
$2.44B
– –
-2,118
Closed -$123K
MCD icon
1713
McDonald's
MCD
$192B
– –
-16,000
Closed -$4.93M
MCD icon
1714
PUT
McDonald's
MCD
$192B
– –
-150,000
Closed -$46.9M
MCHP icon
1715
PUT
Microchip Technology
MCHP
$40.3B
– –
-105,000
Closed -$5.08M
MCK icon
1716
McKesson
MCK
$100B
– –
-400
Closed -$269K
METC icon
1717
CALL
Ramaco Resources Class A
METC
$599M
– –
-25,231
Closed -$206K
MIST icon
1718
CALL
Milestone Pharmaceuticals
MIST
$138M
– –
-140,000
Closed -$112K
MLYS icon
1719
CALL
Mineralys Therapeutics
MLYS
$2.25B
– –
-247,700
Closed -$3.93M
CALY
1720
CALL
Callaway Golf Company
CALY
$3.32B
– –
-100,000
Closed -$659K
CALY
1721
Callaway Golf Company
CALY
$3.32B
– –
-64,700
Closed -$426K
CALY
1722
PUT
Callaway Golf Company
CALY
$3.32B
– –
-100,000
Closed -$659K
MPLX icon
1723
CALL
MPLX
MPLX
$59.3B
– –
-30,000
Closed -$1.61M
MRVI icon
1724
Maravai LifeSciences
MRVI
$969M
– –
-272,486
Closed -$602K
MRVI icon
1725
PUT
Maravai LifeSciences
MRVI
$969M
– –
-500,000
Closed -$1.1M
67 68
69
70 71

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.