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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
+8.37%
1 Year Est. Return
+70.99%
3 Year Est. Return
+176.06%
5 Year Est. Return
+263.89%
10 Year Est. Return
–
AUM
$14.6B
AUM Growth
+$1.76B
Cap. Flow
+$1.61B
Cap. Flow %
11.04%
Top 10 Hldgs %
12.14%
Holding
2,182
New
575
Increased
392
Reduced
342
Closed
670

Top Buys

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$126M
2
NVDA icon
NVIDIA
NVDA
+$123M
3
NFLX icon
Netflix
NFLX
+$81.9M
4
MSFT icon
Microsoft
MSFT
+$52.2M
5
GOOG icon
Alphabet (Google) Class C
GOOG
+$51M

Top Sells

Rank Stock Value
1
ECHO
EchoStar
ECHO
+$34.1M
2
XLB icon
State Street Materials Select Sector SPDR ETF
XLB
+$24M
3
HPE icon
Hewlett Packard
HPE
+$22.9M
4
TSLA icon
Tesla
TSLA
+$22.2M
5
RVMD icon
Revolution Medicines
RVMD
+$20.6M

Sector Composition

Rank Sector Weight
1 Technology 4.6%
2 Consumer Discretionary 2.55%
3 Healthcare 2.5%
4 Communication Services 1.71%
5 Financials 1.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SLNO
226
PUT
DELISTED
Soleno Therapeutics
SLNO
$15.9M 0.11%
342,500
-673,600
-66% -$36.9M
BKD icon
227
PUT
Brookdale Senior Living
BKD
$3.62B
$15.9M 0.11%
1,469,500
+569,500
+63% +$5.6M
ANIP icon
228
PUT
ANI Pharmaceuticals
ANIP
$1.77B
$15.8M 0.11%
+200,000
New +$17.3M
APO icon
229
CALL
Apollo Global Management
APO
$70.7B
$15.6M 0.11%
108,000
+105,000
+3,500% +$13.9M
IDYA icon
230
CALL
IDEAYA Biosciences
IDYA
$3.41B
$15.6M 0.11%
+450,000
New +$14.3M
OSCR icon
231
CALL
Oscar Health
OSCR
$8.5B
$15.5M 0.11%
1,079,100
-280,300
-21% -$4.85M
BBIO icon
232
PUT
BridgeBio Pharma
BBIO
$16.5B
$15.3M 0.1%
200,000
+50,000
+33% +$3.28M
RKT icon
233
CALL
Rocket Companies
RKT
$36.9B
$15.3M 0.1%
788,900
+432,400
+121% +$7.73M
PTGX icon
234
CALL
Protagonist Therapeutics
PTGX
$8.75B
$15.3M 0.1%
174,800
+156,800
+871% +$12.8M
QURE icon
235
CALL
uniQure
QURE
$2.68B
$15.2M 0.1%
635,000
+254,000
+67% +$9.8M
APLS
236
CALL
DELISTED
Apellis Pharmaceuticals
APLS
$15.1M 0.1%
602,700
+2,300
+0.4% +$54K
U icon
237
PUT
Unity
U
$12.5B
$15M 0.1%
+340,000
New +$13.9M
LUNR icon
238
CALL
Intuitive Machines
LUNR
$2.07B
$15M 0.1%
923,000
+123,000
+15% +$1.42M
OKE icon
239
PUT
Oneok
OKE
$58.7B
$15M 0.1%
203,500
+84,700
+71% +$6M
AU icon
240
PUT
AngloGold Ashanti
AU
$40.3B
$14.9M 0.1%
175,000
+104,800
+149% +$8.17M
NXT icon
241
CALL
Nextpower Inc
NXT
$15.2B
$14.8M 0.1%
169,700
– –
BEAM icon
242
CALL
Beam Therapeutics
BEAM
$2.58B
$14.8M 0.1%
532,500
+440,000
+476% +$11.2M
BHVN icon
243
CALL
Biohaven
BHVN
$2.16B
$14.7M 0.1%
1,301,000
+532,200
+69% +$6.59M
ZS icon
244
CALL
Zscaler
ZS
$23B
$14.6M 0.1%
65,000
– –
KRE icon
245
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.86B
$14.3M 0.1%
220,000
+20,000
+10% +$1.26M
BTU icon
246
CALL
Peabody Energy
BTU
$2.78B
$14.3M 0.1%
480,000
-37,000
-7% -$1.09M
AVGO icon
247
PUT
Broadcom
AVGO
$1.82T
$14M 0.1%
+40,500
New +$14.5M
CLS icon
248
PUT
Celestica
CLS
$35.1B
$13.9M 0.1%
46,900
+26,900
+135% +$8.11M
CAT icon
249
PUT
Caterpillar
CAT
$409B
$13.9M 0.1%
+24,200
New +$13.5M
RSP icon
250
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$96.1B
$13.8M 0.09%
+72,000
New +$13.7M
8 9
10
11 12

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 Q4 2025 Portfolio in Review

As of Q4 2025, Caption Management held 2,182 positions worth $14.6B, up 14% from $12.8B the previous quarter. Its ten largest holdings account for 12% of the portfolio.

Caption Management deployed $1.61B of net new capital in Q4 2025, opening 575 new positions and adding to 392 existing holdings. Its largest new stake was Apple: 470,000 shares worth $128M.

By sector, the portfolio is most concentrated in Technology at 4.6% of assets, up from 2.7% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Tesla, an estimated $22.2M trimmed.

  • Caption Management's largest Q4 2025 buy was Apple: 470,000 shares worth $128M.
  • Caption Management added most to NVIDIA in Q4 2025, an estimated $123M increase.
  • Caption Management's biggest Q4 2025 reduction was Tesla, cutting an estimated $22.2M.
  • Caption Management fully exited EchoStar in Q4 2025, selling an estimated $34.1M.
  • Caption Management's ten largest holdings make up 12% of its $14.6B portfolio in Q4 2025.
  • Caption Management opened 575 new positions and closed 670 in Q4 2025.
  • Caption Management's portfolio value rose 14% quarter-over-quarter to $14.6B.

Based on Caption Management's 13F filing for Q4 2025, filed 17 Feb 2026.