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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
TEAM icon
2026
CALL
Atlassian
TEAM
$25.6B
– –
-41,400
Closed -$10.1M
TECK icon
2027
CALL
Teck Resources
TECK
$29.6B
– –
-163,500
Closed -$6.63M
TENB icon
2028
Tenable Holdings
TENB
$3.6B
– –
-12,000
Closed -$473K
TH icon
2029
Target Hospitality
TH
$1.51B
– –
-185,329
Closed -$1.79M
TH icon
2030
PUT
Target Hospitality
TH
$1.51B
– –
-222,600
Closed -$2.15M
THC icon
2031
Tenet Healthcare
THC
$20.5B
– –
-48,000
Closed -$6.32M
TIPT icon
2032
Tiptree Inc
TIPT
$662M
– –
-8,168
Closed -$170K
TJX icon
2033
CALL
TJX Companies
TJX
$174B
– –
-80,000
Closed -$9.66M
TJX icon
2034
PUT
TJX Companies
TJX
$174B
– –
-32,900
Closed -$3.97M
TMC icon
2035
TMC The Metals Company
TMC
$1.54B
– –
-508,614
Closed -$570K
TMC icon
2036
PUT
TMC The Metals Company
TMC
$1.54B
– –
-999,800
Closed -$1.12M
TOST icon
2037
CALL
Toast
TOST
$18.7B
– –
-55,000
Closed -$2M
TRGP icon
2038
Targa Resources
TRGP
$58B
– –
-57,200
Closed -$10.2M
TRIP icon
2039
TripAdvisor
TRIP
$1.65B
– –
-38,500
Closed -$603K
TRP icon
2040
CALL
TC Energy
TRP
$70.2B
– –
-50,000
Closed -$2.33M
TRTX
2041
TPG RE Finance Trust
TRTX
$612M
– –
-60,874
Closed -$515K
TSAT icon
2042
CALL
Telesat
TSAT
$567M
– –
-162,100
Closed -$2.66M
TSM icon
2043
CALL
TSMC
TSM
$2.1T
– –
-200,000
Closed -$39.5M
TTD icon
2044
PUT
Trade Desk
TTD
$8.48B
– –
-30,000
Closed -$3.53M
TTEC icon
2045
CALL
TTEC Holdings
TTEC
$121M
– –
-200,000
Closed -$998K
TTEK icon
2046
Tetra Tech
TTEK
$8.49B
– –
-1,000
Closed -$39.8K
TTI icon
2047
TETRA Technologies
TTI
$1.14B
– –
-25,700
Closed -$92K
TW icon
2048
CALL
Tradeweb Markets
TW
$21.4B
– –
-31,500
Closed -$4.12M
TWLO icon
2049
CALL
Twilio
TWLO
$30B
– –
-83,800
Closed -$9.06M
TWLO icon
2050
PUT
Twilio
TWLO
$30B
– –
-73,100
Closed -$7.9M
80 81
82
83 84

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.