Additionally, the "holders" available for certain ipad covers are horrendously poor in protecting the pencil when affixed to the case.

I like the holder for the cap.

Not only does it replace the original lost cap, it has a handy holder to ensure that this time it stays put.

Came with a snazzy rubber cap holder too (that has a logo).

Additionally, the "holders" available for certain ipad covers are horrendously poor in protecting the pencil when affixed to the case.

The holder is also very good holds the cap in place when closed or oen.