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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
AD
1926
Array Digital Infrastructure
AD
$3B
– –
-30,359
Closed -$2.1M
UTI icon
1927
Universal Technical Institute
UTI
$2.2B
– –
-360
Closed -$11.3K
VERA icon
1928
Vera Therapeutics
VERA
$2.33B
– –
-44,052
Closed -$991K
VERA icon
1929
PUT
Vera Therapeutics
VERA
$2.33B
– –
-135,800
Closed -$3.26M
VICR icon
1930
Vicor
VICR
$9.95B
– –
-10,000
Closed -$468K
VITL icon
1931
PUT
Vital Farms
VITL
$537M
– –
-34,800
Closed -$1.06M
VKTX icon
1932
Viking Therapeutics
VKTX
$3.85B
– –
-25,000
Closed -$658K
VNET
1933
CALL
VNET Group
VNET
$2B
– –
-251,800
Closed -$2.06M
VNET
1934
PUT
VNET Group
VNET
$2B
– –
-2,500
Closed -$20.5K
VNOM icon
1935
CALL
Viper Energy
VNOM
$8.56B
– –
-75,000
Closed -$3.39M
VRNA
1936
CALL
DELISTED
Verona Pharma
VRNA
– –
-73,900
Closed -$4.69M
VSXY
1937
CALL
Victoria's Secret
VSXY
$6.99B
– –
-100,300
Closed -$1.86M
VSXY
1938
PUT
Victoria's Secret
VSXY
$6.99B
– –
-100,000
Closed -$1.86M
VTLE
1939
DELISTED
Vital Energy
VTLE
– –
-7,000
Closed -$149K
VVV icon
1940
Valvoline
VVV
$4.9B
– –
-600
Closed -$20.9K
VZ icon
1941
CALL
Verizon
VZ
$191B
– –
-24,600
Closed -$1.12M
WAL icon
1942
Western Alliance Bancorporation
WAL
$8.93B
– –
-76,364
Closed -$5.49M
WAL icon
1943
PUT
Western Alliance Bancorporation
WAL
$8.93B
– –
-297,600
Closed -$22.9M
WBA
1944
DELISTED
Walgreens Boots Alliance
WBA
– –
-272,541
Closed -$3.03M
WBD icon
1945
Warner Bros
WBD
$64.1B
– –
-9,501
Closed -$88.6K
WDC icon
1946
Western Digital
WDC
$194B
– –
-41,000
Closed -$1.95M
WHR icon
1947
Whirlpool
WHR
$2.48B
– –
-27,500
Closed -$2.48M
WHR icon
1948
PUT
Whirlpool
WHR
$2.48B
– –
-50,000
Closed -$4.51M
WLDN icon
1949
Willdan Group
WLDN
$1.11B
– –
-12,032
Closed -$490K
WMB icon
1950
Williams Companies
WMB
$87.2B
– –
-2,600
Closed -$155K
76 77
78
79 80

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.