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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
MSFT icon
1
Microsoft
MSFT
$3.45T
$394M 3.79%
+1,050,000
New +$428M
MSFT icon
2
PUT
Microsoft
MSFT
$3.45T
$394M 3.79%
+1,050,000
New +$428M
AMZN icon
3
Amazon
AMZN
$2.92T
$314M 3.02%
1,650,000
+1,100,000
+200% +$239M
AMZN icon
4
PUT
Amazon
AMZN
$2.92T
$314M 3.02%
1,650,000
+1,100,000
+200% +$239M
NVDA icon
5
NVIDIA
NVDA
$4.86T
$255M 2.45%
2,350,000
-1,710,000
-42% -$217M
NVDA icon
6
PUT
NVIDIA
NVDA
$4.86T
$255M 2.45%
2,350,000
-1,710,000
-42% -$217M
INTU icon
7
PUT
Intuit
INTU
$86.5B
$167M 1.6%
+271,200
New +$163M
GOOGL icon
8
PUT
Alphabet (Google) Class A
GOOGL
$4.36T
$145M 1.4%
940,000
+190,000
+25% +$34.5M
INTU icon
9
CALL
Intuit
INTU
$86.5B
$141M 1.36%
+230,000
New +$138M
GOOG icon
10
PUT
Alphabet (Google) Class C
GOOG
$4.36T
$137M 1.32%
878,700
-35,000
-4% -$6.41M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$4.36T
$116M 1.12%
751,650
+1,650
+0.2% +$299K
ET icon
12
CALL
Energy Transfer Partners
ET
$70.1B
$102M 0.98%
5,499,300
+4,960,000
+920% +$96.6M
X
13
CALL
DELISTED
US Steel
X
$100M 0.96%
2,366,300
-632,400
-21% -$23.9M
APP icon
14
CALL
Applovin
APP
$133B
$90.1M 0.87%
340,000
-76,200
-18% -$26.3M
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.36T
$83.3M 0.8%
533,425
-384,875
-42% -$70.5M
TSLA icon
16
PUT
Tesla
TSLA
$1.23T
$77.7M 0.75%
300,000
-700,000
-70% -$233M
TSLA icon
17
Tesla
TSLA
$1.23T
$76.7M 0.74%
296,000
-704,000
-70% -$235M
INTC icon
18
CALL
Intel
INTC
$455B
$76.2M 0.73%
3,354,900
+2,454,900
+273% +$53.7M
RCL icon
19
CALL
Royal Caribbean
RCL
$85.1B
$73.3M 0.71%
357,000
– –
CORT icon
20
PUT
Corcept Therapeutics
CORT
$12.4B
$70.1M 0.67%
613,300
+508,300
+484% +$30.9M
BKNG icon
21
PUT
Booking.com
BKNG
$149B
$69.1M 0.66%
+375,000
New +$71.7M
RDDT icon
22
CALL
Reddit
RDDT
$27.1B
$68.4M 0.66%
652,200
-36,500
-5% -$6.03M
JNPR
23
PUT
DELISTED
Juniper Networks
JNPR
$68M 0.65%
1,879,200
+1,529,200
+437% +$56M
ARGX icon
24
CALL
argenx
ARGX
$53.4B
$66.9M 0.64%
113,100
+9,500
+9% +$6M
BABA icon
25
CALL
Alibaba
BABA
$293B
$66.1M 0.64%
499,900
+259,900
+108% +$30M
1
2 3 4 5

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PP
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VMPIC
Varma Mutual Pension Insurance Co Helsinki, Finland $17B AUM 24.09% 1-Year Est. Return
BCIM
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BBA
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Macquarie Group
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FCM
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AIMCA
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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.