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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
JBI icon
1851
CALL
Janus International
JBI
$732M
– –
-50,400
Closed -$410K
JD icon
1852
CALL
JD.com
JD
$41.8B
– –
-50,000
Closed -$1.63M
JHX icon
1853
James Hardie Industries
JHX
$15.5B
– –
-20,000
Closed -$538K
JNPR
1854
CALL
DELISTED
Juniper Networks
JNPR
– –
-578,800
Closed -$23.1M
JNPR
1855
PUT
DELISTED
Juniper Networks
JNPR
– –
-3,742,500
Closed -$149M
K
1856
DELISTED
Kellanova
K
– –
-188,281
Closed -$15M
KBH icon
1857
KB Home
KBH
$3.53B
– –
-10,750
Closed -$569K
KBH icon
1858
PUT
KB Home
KBH
$3.53B
– –
-25,000
Closed -$1.32M
KBR icon
1859
KBR
KBR
$4.67B
– –
-14,600
Closed -$700K
KBR icon
1860
PUT
KBR
KBR
$4.67B
– –
-39,900
Closed -$1.91M
KHC icon
1861
Kraft Heinz
KHC
$31.1B
– –
-42,100
Closed -$1.09M
KODK icon
1862
PUT
Kodak
KODK
$788M
– –
-200,000
Closed -$1.13M
KRC icon
1863
Kilroy Realty
KRC
$4.58B
– –
-14,443
Closed -$570K
KURA icon
1864
CALL
Kura Oncology
KURA
$901M
– –
-10,000
Closed -$57.7K
KYMR icon
1865
Kymera Therapeutics
KYMR
$9.05B
– –
-21,600
Closed -$974K
KYMR icon
1866
PUT
Kymera Therapeutics
KYMR
$9.05B
– –
-14,500
Closed -$633K
LAD icon
1867
Lithia Motors
LAD
$7.88B
– –
-1,300
Closed -$439K
LDOS icon
1868
Leidos
LDOS
$14.5B
– –
-10,129
Closed -$1.76M
LEGN icon
1869
CALL
Legend Biotech
LEGN
$3.73B
– –
-36,600
Closed -$1.3M
LEVI icon
1870
Levi Strauss
LEVI
$9.83B
– –
-51,200
Closed -$947K
LEVI icon
1871
PUT
Levi Strauss
LEVI
$9.83B
– –
-1,000,000
Closed -$18.5M
LH icon
1872
PUT
Labcorp
LH
$24.7B
– –
-12,400
Closed -$3.26M
LINC icon
1873
CALL
Lincoln Educational Services
LINC
$1.29B
– –
-37,300
Closed -$860K
LITE icon
1874
Lumentum
LITE
$55.4B
– –
-8,517
Closed -$1.06M
LLY icon
1875
Eli Lilly
LLY
$1.07T
– –
-5,300
Closed -$4.13M
73 74
75
76 77

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.