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Caption Management Portfolio holdings
AUM
$21.5B
1-Year Est. Return
81.81%
This Fund
S&P 500
This Quarter
Est. Return
+17.45%
1 Year Est. Return
+81.81%
3 Year Est. Return
+226.72%
5 Year Est. Return
+294.21%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.37B
(-13%)
Cap. Flow
-$1.22B
Cap. Flow
% of AUM
-13.56%
Top 10 Holdings %
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 |
Regeneron Pharmaceuticals
REGN
|
+$17.4M |
| 3 |
Insmed
INSM
|
+$16.1M |
| 4 |
Gilead Sciences
GILD
|
+$15.8M |
| 5 |
K
Kellanova
K
|
+$15.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$394M |
| 2 |
Amazon
AMZN
|
+$314M |
| 3 |
NVIDIA
NVDA
|
+$255M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$121M |
| 5 |
Advanced Micro Devices
AMD
|
+$61.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 88.58% |
| 2 | Healthcare | 3.09% |
| 3 | Consumer Discretionary | 2.5% |
| 4 | Technology | 1.62% |
| 5 | Financials | 1.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
Oscar Health
OSCR
$10B
| – | – |
-5,401
| Closed | -$80.3K |
|
1777
Ouster
OUST
$2.36B
| – | – |
-63,085
| Closed | -$767K |
|
1778
CALL
Ovintiv
OVV
$18.5B
| – | – |
-10,000
| Closed | -$428K |
|
1779
Oxford Industries
OXM
$444M
| – | – |
-12,000
| Closed | -$704K |
|
|
1780
PUT
Oxford Industries
OXM
$444M
| – | – |
-25,000
| Closed | -$1.47M |
|
1781
Phibro Animal Health
PAHC
$1.42B
| – | – |
-100
| Closed | -$2.14K |
|
|
1782
PUT
Phibro Animal Health
PAHC
$1.42B
| – | – |
-100
| Closed | -$2.14K |
|
1783
Palo Alto Networks
PANW
$307B
| – | – |
-1,800
| Closed | -$334K |
|
1784
UiPath
PATH
$7.42B
| – | – |
-10,800
| Closed | -$111K |
|
1785
PUT
PG&E
PCG
$29B
| – | – |
-1,250,000
| Closed | -$21.5M |
|
1786
PUT
PureCycle Technologies
PCT
$1.12B
| – | – |
-200,000
| Closed | -$1.38M |
|
1787
CALL
Vaxcyte
PCVX
$8.81B
| – | – |
-25,000
| Closed | -$944K |
|
|
1788
Vaxcyte
PCVX
$8.81B
| – | – |
-44,200
| Closed | -$1.67M |
|
|
1789
PUT
Vaxcyte
PCVX
$8.81B
| – | – |
-62,800
| Closed | -$2.37M |
|
1790
CALL
PagerDuty
PD
$1.14B
| – | – |
-30,000
| Closed | -$548K |
|
1791
CALL
PDS Biotechnology
PDSB
$32.8M
| – | – |
-45,500
| Closed | -$54.1K |
|
1792
CALL
Public Service Enterprise Group
PEG
$35.1B
| – | – |
-9,600
| Closed | -$790K |
|
1793
CALL
PepsiCo
PEP
$185B
| – | – |
-100,000
| Closed | -$15M |
|
1794
Perion Network
PERI
$356M
| – | – |
-7,360
| Closed | -$59.9K |
|
1795
Pfizer
PFE
$157B
| – | – |
-23,500
| Closed | -$548K |
|
|
1796
PUT
Pfizer
PFE
$157B
| – | – |
-350,000
| Closed | -$8.87M |
|
1797
Progyny
PGNY
$2.13B
| – | – |
-28,800
| Closed | -$643K |
|
1798
Phinia Inc
PHIN
$2.25B
| – | – |
-8,563
| Closed | -$363K |
|
|
1799
PUT
Phinia Inc
PHIN
$2.25B
| – | – |
-37,000
| Closed | -$1.57M |
|
1800
CALL
Phreesia
PHR
$642M
| – | – |
-8,000
| Closed | -$204K |
|
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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 $1.22B 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 Miscellaneous at 89% of assets, up from 79% a quarter earlier, followed by Healthcare and Consumer Discretionary.
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.