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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
BTSG icon
276
CALL
BrightSpring Health Services
BTSG
$14.3B
$12.7M 0.09%
+340,000
New +$11.4M
SBUX icon
277
PUT
Starbucks
SBUX
$118B
$12.6M 0.09%
150,000
– –
RRX icon
278
CALL
Regal Rexnord
RRX
$14.2B
$12.6M 0.09%
+90,000
New +$12.8M
ABT icon
279
CALL
Abbott
ABT
$180B
$12.5M 0.09%
100,000
-56,000
-36% -$7.13M
SNOW icon
280
PUT
Snowflake
SNOW
$92.9B
$12.5M 0.09%
+57,000
New +$13.9M
IBB icon
281
iShares Biotechnology ETF
IBB
$9.31B
$12.5M 0.09%
74,000
-4,500
-6% -$731K
SOC icon
282
CALL
Sable Offshore Corp
SOC
$903M
$12.4M 0.08%
1,370,000
-1,796,300
-57% -$17M
GILD icon
283
CALL
Gilead Sciences
GILD
$161B
$12.3M 0.08%
100,000
+70,000
+233% +$8.51M
AXTI icon
284
CALL
AXT Inc
AXTI
$3.09B
$12.3M 0.08%
+750,000
New +$7.24M
APLD icon
285
CALL
Applied Digital
APLD
$7.77B
$12.3M 0.08%
500,000
+460,000
+1,150% +$13.2M
CWAN
286
PUT
DELISTED
Clearwater Analytics
CWAN
$12.2M 0.08%
+504,000
New +$10.1M
XLY icon
287
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$21.4B
$12.1M 0.08%
+101,440
New +$12M
KMB icon
288
CALL
Kimberly-Clark
KMB
$36.4B
$12M 0.08%
+119,200
New +$13M
WYNN icon
289
CALL
Wynn Resorts
WYNN
$10.1B
$11.9M 0.08%
+98,600
New +$12.2M
DKNG icon
290
CALL
DraftKings
DKNG
$11.4B
$11.8M 0.08%
343,500
+193,500
+129% +$6.36M
SBSW icon
291
CALL
Sibanye-Stillwater
SBSW
$5.92B
$11.8M 0.08%
830,000
-264,500
-24% -$3.2M
CWAN
292
DELISTED
Clearwater Analytics
CWAN
$11.8M 0.08%
+489,635
New +$9.81M
OKE icon
293
Oneok
OKE
$58.7B
$11.8M 0.08%
160,000
+158,997
+15,852% +$11.3M
BABA icon
294
PUT
Alibaba
BABA
$269B
$11.7M 0.08%
+80,000
New +$13M
PLNT icon
295
PUT
Planet Fitness
PLNT
$4.23B
$11.7M 0.08%
+108,100
New +$11.1M
WGS icon
296
CALL
GeneDx Holdings
WGS
$1.75B
$11.6M 0.08%
89,500
+10,000
+13% +$1.37M
NU icon
297
CALL
Nu Holdings
NU
$68.1B
$11.6M 0.08%
694,200
+536,700
+341% +$8.63M
XOM icon
298
ExxonMobil
XOM
$651B
$11.6M 0.08%
+96,400
New +$11.2M
EQX icon
299
CALL
Equinox Gold
EQX
$7.32B
$11.6M 0.08%
824,000
+434,000
+111% +$5.48M
AVDL
300
DELISTED
Avadel Pharmaceuticals
AVDL
$11.6M 0.08%
536,838
+228,393
+74% +$4.43M
10 11
12
13 14

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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
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
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FCM
Farallon Capital Management San Francisco, California $17.5B AUM 50.95% 1-Year Est. Return
AIMCA
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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.