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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
TSEM icon
2051
Tower Semiconductor
TSEM
$26.4B
– –
-5,500
Closed -$238K
TTEK icon
2052
Tetra Tech
TTEK
$8.23B
– –
-25,279
Closed -$919K
TXN icon
2053
Texas Instruments
TXN
$255B
– –
-8,512
Closed -$1.66M
UHS icon
2054
PUT
Universal Health Services
UHS
$9.43B
– –
-50,000
Closed -$9.06M
UNFI icon
2055
United Natural Foods
UNFI
$3.01B
– –
-7,400
Closed -$172K
UNFI icon
2056
PUT
United Natural Foods
UNFI
$3.01B
– –
-20,000
Closed -$466K
URBN icon
2057
Urban Outfitters
URBN
$5.99B
– –
-31,300
Closed -$2.27M
UTZ icon
2058
Utz Brands
UTZ
$1.25B
– –
-12,300
Closed -$154K
UTZ icon
2059
PUT
Utz Brands
UTZ
$1.25B
– –
-39,900
Closed -$501K
VERA icon
2060
CALL
Vera Therapeutics
VERA
$2.54B
– –
-778,000
Closed -$18.3M
VIPS icon
2061
CALL
Vipshop
VIPS
$6.84B
– –
-30,000
Closed -$452K
VIR icon
2062
Vir Biotechnology
VIR
$1.47B
– –
-12,600
Closed -$64.4K
VIR icon
2063
PUT
Vir Biotechnology
VIR
$1.47B
– –
-40,000
Closed -$202K
VLO icon
2064
CALL
Valero Energy
VLO
$89.8B
– –
-51,100
Closed -$6.87M
VLO icon
2065
Valero Energy
VLO
$89.8B
– –
-23,000
Closed -$3.43M
VNDA icon
2066
PUT
Vanda Pharmaceuticals
VNDA
$312M
– –
-700,000
Closed -$3.3M
VNO icon
2067
PUT
Vornado Realty Trust
VNO
$7.47B
– –
-330,000
Closed -$12.6M
VRDN icon
2068
CALL
Viridian Therapeutics
VRDN
$2.13B
– –
-40,000
Closed -$559K
VRNA
2069
DELISTED
Verona Pharma
VRNA
– –
-5,351
Closed -$506K
VRNA
2070
PUT
DELISTED
Verona Pharma
VRNA
– –
-110,000
Closed -$10.4M
VRNS icon
2071
PUT
Varonis Systems
VRNS
$5.25B
– –
-30,000
Closed -$1.52M
VRT icon
2072
Vertiv
VRT
$112B
– –
-24,150
Closed -$3.22M
VRTX icon
2073
CALL
Vertex Pharmaceuticals
VRTX
$121B
– –
-25,000
Closed -$11.1M
VRTX icon
2074
PUT
Vertex Pharmaceuticals
VRTX
$121B
– –
-10,300
Closed -$4.59M
VSXY
2075
Victoria's Secret
VSXY
$6.64B
– –
-18,000
Closed -$333K
81 82
83
84 85

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.