We are live on ! Find out more
CM

Caption Management Portfolio holdings

AUM $17.1B
1-Year Est. Return 70.99%
This Fund
S&P 500
This Quarter Est. Return
+17.45%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$9.03B
AUM Growth
-$1.37B
Cap. Flow
-$2.48B
Cap. Flow %
-27.43%
Top 10 Hldgs %
18.31%
Holding
2,015
New
576
Increased
314
Reduced
307
Closed
636

Top Buys

Rank Stock Value
1
SKX
Skechers
SKX
+$18.3M
2
REGN icon
Regeneron Pharmaceuticals
REGN
+$17.4M
3
INSM icon
Insmed
INSM
+$16.1M
4
GILD icon
Gilead Sciences
GILD
+$15.8M
5
K
Kellanova
K
+$15.3M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$394M
2
AMZN icon
Amazon
AMZN
+$314M
3
NVDA icon
NVIDIA
NVDA
+$255M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$121M
5
AMD icon
Advanced Micro Devices
AMD
+$61.6M

Sector Composition

Rank Sector Weight
1 Healthcare 3.09%
2 Consumer Discretionary 2.5%
3 Technology 1.62%
4 Financials 1.05%
5 Communication Services 0.76%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVNA icon
1
PUT
Carvana
CVNA
$67.6B
$293M 3.24%
4,342,000
+3,992,000
+1,141% +$219M
CVNA icon
2
CALL
Carvana
CVNA
$67.6B
$214M 2.36%
3,170,000
+1,670,000
+111% +$91.6M
INTU icon
3
PUT
Intuit
INTU
$86.3B
$214M 2.36%
271,200
– –
FSLR icon
4
CALL
First Solar
FSLR
$22.1B
$184M 2.04%
1,112,100
+1,062,100
+2,124% +$157M
INTU icon
5
CALL
Intuit
INTU
$86.3B
$181M 2.01%
230,200
+200
+0.1% +$135K
JNPR
6
PUT
DELISTED
Juniper Networks
JNPR
$149M 1.65%
3,742,500
+1,863,300
+99% +$66.8M
APP icon
7
CALL
Applovin
APP
$136B
$117M 1.3%
335,000
-5,000
-1% -$1.62M
RCL icon
8
CALL
Royal Caribbean
RCL
$86.1B
$112M 1.24%
357,000
– –
TSLA icon
9
Tesla
TSLA
$1.22T
$95.3M 1.05%
300,000
+4,000
+1% +$1.21M
TSLA icon
10
PUT
Tesla
TSLA
$1.22T
$95.3M 1.05%
300,000
– –
CRWV
11
PUT
CoreWeave
CRWV
$40.3B
$83.5M 0.92%
+512,000
New +$47.2M
TSM icon
12
PUT
TSMC
TSM
$2.09T
$81.2M 0.9%
358,300
-36,700
-9% -$6.8M
RUN icon
13
CALL
Sunrun
RUN
$2.27B
$69.8M 0.77%
8,533,100
+6,577,100
+336% +$51.7M
VRSN icon
14
PUT
VeriSign
VRSN
$25.9B
$68.3M 0.76%
236,400
+9,800
+4% +$2.66M
ET icon
15
CALL
Energy Transfer Partners
ET
$69.6B
$67.7M 0.75%
3,733,800
-1,765,500
-32% -$30.8M
RDDT icon
16
CALL
Reddit
RDDT
$34.3B
$60.5M 0.67%
401,700
-250,500
-38% -$28.4M
HUM icon
17
PUT
Humana
HUM
$44B
$58.1M 0.64%
237,700
+180,500
+316% +$45M
ARGX icon
18
CALL
argenx
ARGX
$54.6B
$57.1M 0.63%
103,600
-9,500
-8% -$5.51M
NET icon
19
CALL
Cloudflare
NET
$101B
$55.4M 0.61%
+283,000
New +$41.1M
TKO icon
20
CALL
TKO Group
TKO
$13.8B
$54.6M 0.6%
300,000
+245,700
+452% +$39.5M
ABNB icon
21
CALL
Airbnb
ABNB
$90.3B
$53.2M 0.59%
402,000
+120,000
+43% +$15.2M
FSLR icon
22
PUT
First Solar
FSLR
$22.1B
$52.5M 0.58%
317,100
+120,000
+61% +$17.7M
COR icon
23
CALL
Cencora
COR
$60.7B
$50.7M 0.56%
169,000
-60,000
-26% -$17.3M
SMCI icon
24
CALL
Super Micro Computer
SMCI
$17.9B
$49M 0.54%
1,000,000
+970,000
+3,233% +$37.4M
FISV
25
CALL
Fiserv Inc
FISV
$28.8B
$47.6M 0.53%
276,000
+275,700
+91,900% +$50M
1
2 3 4 5

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 Q2 2025 Portfolio in Review

As of Q2 2025, Caption Management held 2,015 positions worth $9.03B, down 13% from $10.4B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Caption Management withdrew a net $2.48B in Q2 2025, closing 636 positions and reducing 307 holdings. Its most notable exit was Microsoft, an estimated $394M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 3.1% of assets, up from 1.5% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, Caption Management opened a new position in Skechers worth $20.1M.

  • Caption Management's largest Q2 2025 buy was Skechers: 317,932 shares worth $20.1M.
  • Caption Management added most to Kellanova in Q2 2025, an estimated $15.3M increase.
  • Caption Management's biggest Q2 2025 reduction was Alphabet (Google) Class A, cutting an estimated $121M.
  • Caption Management fully exited Microsoft in Q2 2025, selling an estimated $394M.
  • Caption Management's ten largest holdings make up 18% of its $9.03B portfolio in Q2 2025.
  • Caption Management opened 576 new positions and closed 636 in Q2 2025.
  • Caption Management's portfolio value fell 13% quarter-over-quarter to $9.03B.

Based on Caption Management's 13F filing for Q2 2025, filed 14 Aug 2025.