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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
IONS icon
426
CALL
Ionis Pharmaceuticals
IONS
$9.35B
$6.72M 0.05%
85,000
+15,000
+21% +$1.13M
GSAT icon
427
PUT
Globalstar
GSAT
$10.2B
$6.71M 0.05%
110,000
+95,000
+633% +$5.25M
VRT icon
428
Vertiv
VRT
$112B
$6.67M 0.05%
+41,200
New +$7.15M
KDP icon
429
CALL
Keurig Dr Pepper
KDP
$40.4B
$6.67M 0.05%
238,000
+79,500
+50% +$2.18M
DXCM icon
430
CALL
DexCom
DXCM
$27.6B
$6.64M 0.05%
100,000
-15,000
-13% -$970K
RMNI icon
431
PUT
Rimini Street
RMNI
$408M
$6.63M 0.05%
1,710,000
-374,500
-18% -$1.55M
DAY
432
DELISTED
Dayforce
DAY
$6.62M 0.05%
95,740
+71,640
+297% +$4.93M
EWU icon
433
PUT
iShares MSCI United Kingdom ETF
EWU
$4.04B
$6.57M 0.05%
149,400
– –
NXE icon
434
CALL
NexGen Energy
NXE
$6.05B
$6.56M 0.05%
712,700
+56,100
+9% +$495K
LQDA icon
435
PUT
Liquidia Corp
LQDA
$7.67B
$6.55M 0.04%
189,800
-988,700
-84% -$28.1M
AGI icon
436
CALL
Alamos Gold
AGI
$12.4B
$6.5M 0.04%
168,600
+2,200
+1% +$76.6K
Q
437
Qnity Electronics Inc
Q
$28.3B
$6.48M 0.04%
+79,326
New +$6.74M
CAPR icon
438
PUT
Capricor Therapeutics
CAPR
$1.14B
$6.46M 0.04%
223,800
-223,700
-50% -$2.92M
GDX icon
439
VanEck Gold Miners ETF
GDX
$23B
$6.42M 0.04%
74,800
+73,880
+8,030% +$5.84M
MP icon
440
MP Materials
MP
$7.35B
$6.41M 0.04%
+126,900
New +$8.05M
APLS
441
DELISTED
Apellis Pharmaceuticals
APLS
$6.39M 0.04%
254,563
-50,437
-17% -$1.18M
EMN icon
442
CALL
Eastman Chemical
EMN
$7.8B
$6.38M 0.04%
+100,000
New +$6.16M
INSP icon
443
PUT
Inspire Medical Systems
INSP
$1.42B
$6.36M 0.04%
+69,000
New +$6.6M
NXT icon
444
PUT
Nextpower Inc
NXT
$15.2B
$6.32M 0.04%
72,500
+34,700
+92% +$3.15M
DELL icon
445
CALL
Dell
DELL
$283B
$6.29M 0.04%
+50,000
New +$7.04M
Z icon
446
PUT
Zillow
Z
$7.04B
$6.28M 0.04%
+92,000
New +$6.66M
GOOGL icon
447
CALL
Alphabet (Google) Class A
GOOGL
$3.91T
$6.26M 0.04%
20,000
– –
DDOG icon
448
Datadog
DDOG
$87.9B
$6.14M 0.04%
45,163
-3,837
-8% -$606K
APLD icon
449
Applied Digital
APLD
$7.77B
$6.13M 0.04%
250,000
+79,700
+47% +$2.3M
BROS icon
450
CALL
Dutch Bros
BROS
$8.78B
$6.12M 0.04%
100,000
– –
16 17
18
19 20

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ASRS
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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.