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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
ADI icon
351
Analog Devices
ADI
$181B
$9.22M 0.06%
+34,000
New +$8.54M
ILMN icon
352
CALL
Illumina
ILMN
$29.4B
$9.22M 0.06%
70,300
+38,100
+118% +$4.47M
CCJ icon
353
Cameco
CCJ
$38.3B
$9.21M 0.06%
100,700
+3,800
+4% +$342K
LNG icon
354
PUT
Cheniere Energy
LNG
$56.5B
$9.14M 0.06%
+47,000
New +$9.87M
CBL
355
CBL Properties
CBL
$1.78B
$9.13M 0.06%
246,717
-47,850
-16% -$1.56M
KO icon
356
CALL
Coca-Cola
KO
$354B
$9.09M 0.06%
130,000
+47,500
+58% +$3.31M
AGNC icon
357
CALL
AGNC Investment
AGNC
$12.3B
$9.09M 0.06%
847,600
+750,000
+768% +$7.71M
ZTS icon
358
CALL
Zoetis
ZTS
$31.6B
$9.05M 0.06%
71,900
+6,100
+9% +$796K
YPF icon
359
CALL
YPF
YPF
$20.2B
$9.04M 0.06%
+250,000
New +$8.29M
SMH icon
360
CALL
VanEck Semiconductor ETF
SMH
$67.6B
$9M 0.06%
+25,000
New +$8.77M
CMCSA icon
361
CALL
Comcast
CMCSA
$79.1B
$8.97M 0.06%
300,000
+100,000
+50% +$2.85M
KTOS icon
362
CALL
Kratos Defense & Security Solutions
KTOS
$8.88B
$8.96M 0.06%
118,000
+5,000
+4% +$409K
IMTX icon
363
CALL
Immatics
IMTX
$1.24B
$8.93M 0.06%
+850,000
New +$8.58M
SNDX icon
364
CALL
Syndax Pharmaceuticals
SNDX
$1.84B
$8.92M 0.06%
424,500
-194,300
-31% -$3.39M
URA icon
365
CALL
Global X Uranium ETF
URA
$5.52B
$8.87M 0.06%
207,500
-57,500
-22% -$2.78M
CIFR icon
366
PUT
Cipher Digital
CIFR
$9.47B
$8.86M 0.06%
600,000
-90,000
-13% -$1.59M
WMB icon
367
CALL
Williams Companies
WMB
$90.5B
$8.84M 0.06%
+147,000
New +$8.89M
REPL icon
368
CALL
Replimune Group
REPL
$814M
$8.75M 0.06%
900,000
+47,800
+6% +$406K
BSX icon
369
Boston Scientific
BSX
$65.8B
$8.68M 0.06%
91,000
-9,800
-10% -$961K
V icon
370
Visa
V
$677B
$8.59M 0.06%
24,500
-4,000
-14% -$1.36M
HE icon
371
CALL
Hawaiian Electric Industries
HE
$2.33B
$8.58M 0.06%
697,200
– –
MKC icon
372
PUT
McCormick & Company Non-Voting
MKC
$13.4B
$8.51M 0.06%
+125,000
New +$8.3M
OSG
373
CALL
Octave Specialty Group
OSG
$252M
$8.48M 0.06%
1,090,200
+73,700
+7% +$630K
OSG
374
Octave Specialty Group
OSG
$252M
$8.33M 0.06%
1,071,094
-50,085
-4% -$428K
ATEC icon
375
CALL
Alphatec Holdings
ATEC
$1.27B
$8.29M 0.06%
394,000
-153,000
-28% -$2.83M
13 14
15
16 17

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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
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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.