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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
BBIO icon
201
PUT
BridgeBio Pharma
BBIO
$15.7B
$10.3M 0.1%
296,500
+186,500
+170% +$6.29M
FBRT
202
CALL
Franklin BSP Realty Trust
FBRT
$630M
$10.2M 0.1%
800,000
+220,000
+38% +$2.84M
TEVA icon
203
PUT
Teva Pharmaceuticals
TEVA
$40.8B
$10.2M 0.1%
662,300
+117,100
+21% +$2.09M
XBI icon
204
CALL
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$10.1M 0.1%
+125,000
New +$11.2M
XBI icon
205
PUT
State Street SPDR S&P Biotech ETF
XBI
$9.95B
$10.1M 0.1%
+125,000
New +$11.2M
BXP icon
206
Boston Properties
BXP
$11.2B
$10.1M 0.1%
+150,474
New +$10.6M
EXEL icon
207
CALL
Exelixis
EXEL
$13.3B
$10M 0.1%
271,400
+161,400
+147% +$5.75M
ALNY icon
208
CALL
Alnylam Pharmaceuticals
ALNY
$27.5B
$9.99M 0.1%
37,000
+17,000
+85% +$4.37M
VST icon
209
PUT
Vistra
VST
$50B
$9.98M 0.1%
85,000
-121,800
-59% -$18.2M
ZS icon
210
CALL
Zscaler
ZS
$24.5B
$9.92M 0.1%
50,000
– –
CPNG icon
211
CALL
Coupang
CPNG
$29.3B
$9.87M 0.09%
450,000
+196,400
+77% +$4.56M
CPRI icon
212
CALL
Capri Holdings
CPRI
$1.83B
$9.85M 0.09%
499,300
-1,672,100
-77% -$37M
OKE icon
213
CALL
Oneok
OKE
$57.2B
$9.77M 0.09%
+98,500
New +$9.78M
MSM icon
214
PUT
MSC Industrial Direct
MSM
$6.89B
$9.71M 0.09%
+125,000
New +$10M
CAH icon
215
CALL
Cardinal Health
CAH
$53.9B
$9.51M 0.09%
+69,000
New +$8.8M
SIG icon
216
CALL
Signet Jewelers
SIG
$3.61B
$9.5M 0.09%
+163,700
New +$9.37M
WSC icon
217
CALL
WillScot Mobile Mini Holdings
WSC
$4.39B
$9.45M 0.09%
340,000
-211,000
-38% -$7.17M
GEO icon
218
CALL
The GEO Group
GEO
$4.13B
$9.43M 0.09%
323,000
+164,200
+103% +$4.71M
DOCN icon
219
PUT
DigitalOcean
DOCN
$13.7B
$9.43M 0.09%
+282,500
New +$11M
MRK icon
220
CALL
Merck
MRK
$322B
$9.42M 0.09%
+105,000
New +$9.8M
PTGX icon
221
PUT
Protagonist Therapeutics
PTGX
$8.79B
$9.38M 0.09%
193,900
+104,700
+117% +$4.39M
XLP icon
222
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.2B
$9.33M 0.09%
114,200
-5,800
-5% -$463K
GRPN icon
223
Groupon
GRPN
$1.05B
$9.3M 0.09%
495,240
+245,853
+99% +$3.11M
GPC icon
224
CALL
Genuine Parts
GPC
$17.1B
$9.28M 0.09%
+77,900
New +$9.37M
GOOGL icon
225
CALL
Alphabet (Google) Class A
GOOGL
$4.36T
$9.28M 0.09%
+60,000
New +$10.9M
7 8
9
10 11

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.