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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
-11.25%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$10.4B
AUM Growth
-$181M
Cap. Flow
+$762M
Cap. Flow %
7.33%
Top 10 Hldgs %
24.19%
Holding
2,175
New
757
Increased
285
Reduced
305
Closed
736

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$428M
2
AMZN icon
Amazon
AMZN
+$239M
3
CSCO icon
Cisco
CSCO
+$61.6M
4
DELL icon
Dell
DELL
+$26.4M
5
DIS icon
Walt Disney
DIS
+$23.6M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$235M
2
NVDA icon
NVIDIA
NVDA
+$217M
3
C icon
Citigroup
C
+$113M
4
GOOG icon
Alphabet (Google) Class C
GOOG
+$70.5M
5
AAPL icon
Apple
AAPL
+$50.1M

Sector Composition

Rank Sector Weight
1 Technology 8.72%
2 Consumer Discretionary 4.74%
3 Communication Services 2.52%
4 Healthcare 1.51%
5 Financials 0.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SANA icon
1976
CALL
Sana Biotechnology
SANA
$871M
– –
-225,000
Closed -$367K
SAND
1977
CALL
DELISTED
Sandstorm Gold
SAND
– –
-200,000
Closed -$1.12M
ECHO
1978
EchoStar
ECHO
$24.4B
– –
-10,100
Closed -$275K
SBAC icon
1979
CALL
SBA Communications
SBAC
$19.2B
– –
-10,600
Closed -$2.16M
SBGI icon
1980
Sinclair Inc
SBGI
$992M
– –
-82,679
Closed -$1.25M
SBRA icon
1981
Sabra Healthcare REIT
SBRA
$5.34B
– –
-20,000
Closed -$337K
SD icon
1982
CALL
SandRidge Energy
SD
$514M
– –
-75,000
Closed -$878K
SE icon
1983
PUT
Sea Limited
SE
$65.4B
– –
-200,000
Closed -$21.2M
SEAT icon
1984
CALL
Vivid Seats
SEAT
$84.6M
– –
-4,425
Closed -$410K
SEE
1985
DELISTED
Sealed Air
SEE
– –
-15,000
Closed -$507K
SEIC icon
1986
CALL
SEI Investments
SEIC
$12.4B
– –
-11,300
Closed -$932K
SGML icon
1987
PUT
Sigma Lithium
SGML
$1.11B
– –
-400,000
Closed -$4.49M
SGRY icon
1988
Surgery Partners
SGRY
$2.01B
– –
-208,033
Closed -$4.92M
SIRI icon
1989
CALL
SiriusXM
SIRI
$9.98B
– –
-117,100
Closed -$2.67M
SIRI icon
1990
PUT
SiriusXM
SIRI
$9.98B
– –
-435,300
Closed -$9.92M
SJM icon
1991
J.M. Smucker
SJM
$12.7B
– –
-31,900
Closed -$3.51M
SKY icon
1992
CALL
Champion Homes
SKY
$4.37B
– –
-37,800
Closed -$3.33M
SLG icon
1993
SL Green Realty
SLG
$3.76B
– –
-1,770
Closed -$112K
SLG icon
1994
PUT
SL Green Realty
SLG
$3.76B
– –
-25,000
Closed -$1.7M
SMCI icon
1995
PUT
Super Micro Computer
SMCI
$18.4B
– –
-659,800
Closed -$20.1M
SMR icon
1996
NuScale Power
SMR
$2.91B
– –
-27,000
Closed -$546K
SMR icon
1997
PUT
NuScale Power
SMR
$2.91B
– –
-135,200
Closed -$2.42M
SMTC icon
1998
Semtech
SMTC
$11B
– –
-7,000
Closed -$345K
SN icon
1999
SharkNinja
SN
$22.9B
– –
-14,711
Closed -$1.5M
SO icon
2000
CALL
Southern Company
SO
$109B
– –
-23,000
Closed -$1.89M
78 79
80
81 82

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 Q1 2025 Portfolio in Review

As of Q1 2025, Caption Management held 2,175 positions worth $10.4B, down 1.7% from $10.6B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Caption Management deployed $762M of net new capital in Q1 2025, opening 757 new positions and adding to 285 existing holdings. Its largest new stake was Microsoft: 1,050,000 shares worth $394M.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.4% a quarter earlier, followed by Consumer Discretionary and Communication Services.

On the sell side, the largest reduction was Tesla, an estimated $235M trimmed.

  • Caption Management's largest Q1 2025 buy was Microsoft: 1,050,000 shares worth $394M.
  • Caption Management added most to Amazon in Q1 2025, an estimated $239M increase.
  • Caption Management's biggest Q1 2025 reduction was Tesla, cutting an estimated $235M.
  • Caption Management fully exited Citigroup in Q1 2025, selling an estimated $113M.
  • Caption Management's ten largest holdings make up 24% of its $10.4B portfolio in Q1 2025.
  • Caption Management opened 757 new positions and closed 736 in Q1 2025.
  • Caption Management's portfolio value fell 1.7% quarter-over-quarter to $10.4B.

Based on Caption Management's 13F filing for Q1 2025, filed 15 May 2025.