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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
SCHW
2001
PUT
Charles Schwab
SCHW
$177B
– –
-125,000
Closed -$11.4M
SE icon
2002
CALL
Sea Limited
SE
$61.2B
– –
-137,500
Closed -$22M
SEDG icon
2003
SolarEdge
SEDG
$2.59B
– –
-82,925
Closed -$1.69M
SEDG icon
2004
PUT
SolarEdge
SEDG
$2.59B
– –
-52,500
Closed -$1.07M
SHCO
2005
CALL
DELISTED
Soho House & Co
SHCO
– –
-294,400
Closed -$2.16M
SHLS icon
2006
Shoals Technologies Group
SHLS
$1.58B
– –
-299,153
Closed -$1.27M
SIBN icon
2007
SI-BONE Inc
SIBN
$737M
– –
-1,500
Closed -$28.2K
SIG icon
2008
Signet Jewelers
SIG
$3.55B
– –
-17,445
Closed -$1.39M
SII
2009
Sprott
SII
$2.65B
– –
-54,114
Closed -$3.77M
SILJ icon
2010
Amplify Junior Silver Miners ETF
SILJ
$3.27B
– –
-12,500
Closed -$185K
SKX
2011
DELISTED
Skechers
SKX
– –
-317,932
Closed -$20.1M
SLV icon
2012
iShares Silver Trust
SLV
$28.1B
– –
-31,000
Closed -$1.11M
SMLR
2013
CALL
DELISTED
Semler Scientific
SMLR
– –
-20,000
Closed -$775K
SMLR
2014
DELISTED
Semler Scientific
SMLR
– –
-4,000
Closed -$155K
SN icon
2015
SharkNinja
SN
$21B
– –
-28,800
Closed -$2.85M
SN icon
2016
PUT
SharkNinja
SN
$21B
– –
-90,000
Closed -$8.91M
SNDX icon
2017
Syndax Pharmaceuticals
SNDX
$1.84B
– –
-504,471
Closed -$6.6M
SNPS icon
2018
Synopsys
SNPS
$71.5B
– –
-2,825
Closed -$1.6M
SPHR icon
2019
CALL
Sphere Entertainment
SPHR
$4.88B
– –
-62,000
Closed -$2.59M
SPOK icon
2020
Spok Holdings
SPOK
$221M
– –
-2,532
Closed -$44.8K
SPOK icon
2021
PUT
Spok Holdings
SPOK
$221M
– –
-50,000
Closed -$884K
SRDX
2022
DELISTED
Surmodics
SRDX
– –
-800
Closed -$26.7K
STT icon
2023
CALL
State Street
STT
$50.9B
– –
-25,000
Closed -$2.66M
SUN icon
2024
PUT
Sunoco
SUN
$14.2B
– –
-28,000
Closed -$1.5M
SWTX
2025
CALL
DELISTED
SpringWorks Therapeutics
SWTX
– –
-297,500
Closed -$14M
79 80
81
82 83

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.