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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
PL.WS
401
DELISTED
Planet Labs PBC Warrants
PL.WS
$7.6M 0.05%
882,762
+682,169
+340% +$3.27M
PTCT icon
402
CALL
PTC Therapeutics
PTCT
$6.37B
$7.6M 0.05%
100,000
+40,000
+67% +$2.91M
GNW icon
403
CALL
Genworth Financial
GNW
$3.8B
$7.58M 0.05%
839,600
– –
SEZL
404
CALL
Sezzle
SEZL
$5.17B
$7.52M 0.05%
118,400
+98,500
+495% +$6.71M
KR icon
405
CALL
Kroger
KR
$34.8B
$7.5M 0.05%
120,000
– –
URA icon
406
PUT
Global X Uranium ETF
URA
$5.52B
$7.48M 0.05%
+175,100
New +$8.47M
OCUL icon
407
CALL
Ocular Therapeutix
OCUL
$1.86B
$7.47M 0.05%
615,100
+565,100
+1,130% +$6.86M
SMCI icon
408
Super Micro Computer
SMCI
$19.5B
$7.46M 0.05%
254,968
+115,768
+83% +$4.77M
WMB icon
409
PUT
Williams Companies
WMB
$90.5B
$7.44M 0.05%
+123,800
New +$7.48M
ERAS icon
410
CALL
Erasca
ERAS
$6.63B
$7.39M 0.05%
+1,987,400
New +$5.59M
AMT icon
411
PUT
American Tower
AMT
$77.7B
$7.3M 0.05%
+41,600
New +$7.57M
MDLZ icon
412
PUT
Mondelez International
MDLZ
$77.7B
$7.27M 0.05%
135,000
+120,000
+800% +$6.91M
PEP icon
413
CALL
PepsiCo
PEP
$186B
$7.18M 0.05%
50,000
– –
NBIS
414
Nebius Group N.V.
NBIS
$47.7B
$7.16M 0.05%
85,500
+41,716
+95% +$4.32M
DKNG icon
415
PUT
DraftKings
DKNG
$11.4B
$7.1M 0.05%
206,000
-144,000
-41% -$4.74M
UUUU icon
416
PUT
Energy Fuels
UUUU
$2.82B
$7.09M 0.05%
487,600
-25,000
-5% -$424K
TPB icon
417
Turning Point Brands
TPB
$1.47B
$7.04M 0.05%
64,952
-10,635
-14% -$1.04M
RKLB icon
418
CALL
Rocket Lab Corp
RKLB
$39.9B
$6.98M 0.05%
100,000
-2,400
-2% -$138K
TPB icon
419
CALL
Turning Point Brands
TPB
$1.47B
$6.97M 0.05%
64,300
-20,000
-24% -$1.96M
AMTM
420
CALL
Amentum Holdings
AMTM
$5.51B
$6.96M 0.05%
+240,100
New +$6.14M
JANX icon
421
PUT
Janux Therapeutics
JANX
$935M
$6.9M 0.05%
+500,000
New +$11.8M
LW icon
422
Lamb Weston
LW
$6.82B
$6.84M 0.05%
+163,271
New +$9.61M
IE icon
423
PUT
Ivanhoe Electric
IE
$1.43B
$6.77M 0.05%
423,600
+36,000
+9% +$515K
SMR icon
424
CALL
NuScale Power
SMR
$2.8B
$6.76M 0.05%
477,000
-499,800
-51% -$14.3M
ICLN icon
425
iShares Global Clean Energy ETF
ICLN
$2.38B
$6.73M 0.05%
409,800
+29,800
+8% +$497K
15 16
17
18 19

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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.