We are live on ! Find out more
CM

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
PARA
1951
PUT
DELISTED
Paramount Global Class B
PARA
– –
-260,000
Closed -$3.35M
PAY icon
1952
Paymentus
PAY
$3.91B
– –
-600
Closed -$19.6K
PAYX icon
1953
CALL
Paychex
PAYX
$41.5B
– –
-30,000
Closed -$4.36M
PCOR icon
1954
Procore
PCOR
$7.03B
– –
-3,000
Closed -$205K
PCRX icon
1955
CALL
Pacira BioSciences
PCRX
$1.04B
– –
-75,000
Closed -$1.79M
PEG icon
1956
Public Service Enterprise Group
PEG
$39.3B
– –
-20,100
Closed -$1.69M
PEGA icon
1957
CALL
Pegasystems
PEGA
$4.85B
– –
-565,100
Closed -$30.6M
PENN icon
1958
PENN Entertainment
PENN
$2.83B
– –
-38,271
Closed -$718K
PENN icon
1959
PUT
PENN Entertainment
PENN
$2.83B
– –
-285,000
Closed -$5.09M
PETS icon
1960
PetMed Express
PETS
$41.9M
– –
-19,616
Closed -$65.1K
PHAT icon
1961
PUT
Phathom Pharmaceuticals
PHAT
$955M
– –
-435,000
Closed -$4.17M
PL icon
1962
Planet Labs
PL
$7.33B
– –
-205,010
Closed -$1.58M
PLD icon
1963
CALL
Prologis
PLD
$136B
– –
-50,000
Closed -$5.26M
PLD icon
1964
Prologis
PLD
$136B
– –
-3,700
Closed -$389K
PLD icon
1965
PUT
Prologis
PLD
$136B
– –
-18,000
Closed -$1.89M
PLNT icon
1966
CALL
Planet Fitness
PLNT
$4.29B
– –
-100,000
Closed -$10.9M
PLNT icon
1967
Planet Fitness
PLNT
$4.29B
– –
-32,000
Closed -$3.49M
PR
1968
CALL
Permian Resources
PR
$17.2B
– –
-25,000
Closed -$341K
PRA
1969
DELISTED
ProAssurance
PRA
– –
-11,000
Closed -$251K
PTGX icon
1970
PUT
Protagonist Therapeutics
PTGX
$8.77B
– –
-143,000
Closed -$7.9M
PWR icon
1971
CALL
Quanta Services
PWR
$92B
– –
-45,000
Closed -$17M
QGEN icon
1972
CALL
Qiagen
QGEN
$8.5B
– –
-62,000
Closed -$2.98M
QRVO icon
1973
CALL
Qorvo
QRVO
$7.85B
– –
-75,000
Closed -$6.37M
QRVO icon
1974
Qorvo
QRVO
$7.85B
– –
-38,500
Closed -$3.27M
RCKT icon
1975
CALL
Rocket Pharmaceuticals
RCKT
$359M
– –
-10,200
Closed -$25K
77 78
79
80 81

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.