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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
CSGP icon
551
CALL
CoStar Group
CSGP
$11.3B
$4.54M 0.03%
67,500
– –
BHVN icon
552
PUT
Biohaven
BHVN
$2.16B
$4.52M 0.03%
400,000
-453,600
-53% -$5.62M
BTDR icon
553
PUT
Bitdeer Technologies
BTDR
$2.81B
$4.48M 0.03%
400,000
-30,000
-7% -$483K
GXO icon
554
CALL
GXO Logistics
GXO
$6.06B
$4.47M 0.03%
85,000
-27,500
-24% -$1.45M
AAP icon
555
CALL
Advance Auto Parts
AAP
$3.37B
$4.46M 0.03%
+113,600
New +$5.69M
MCHP icon
556
Microchip Technology
MCHP
$42.8B
$4.46M 0.03%
70,000
-19,100
-21% -$1.18M
BG icon
557
CALL
Bunge Global
BG
$23.6B
$4.45M 0.03%
50,000
– –
RGTI icon
558
PUT
Rigetti Computing
RGTI
$4.7B
$4.43M 0.03%
200,000
– –
RIO icon
559
PUT
Rio Tinto
RIO
$148B
$4.43M 0.03%
55,300
– –
JBS
560
CALL
JBS N.V.
JBS
$40.4B
$4.4M 0.03%
305,200
-20,000
-6% -$275K
AGM icon
561
PUT
Federal Agricultural Mortgage
AGM
$2.27B
$4.39M 0.03%
+25,000
New +$4.2M
PSKY
562
PUT
Paramount Skydance Corp
PSKY
$9.19B
$4.31M 0.03%
321,600
-128,400
-29% -$2M
PG icon
563
CALL
Procter & Gamble
PG
$343B
$4.3M 0.03%
30,000
+9,000
+43% +$1.33M
FSK icon
564
CALL
FS KKR Capital
FSK
$2.98B
$4.29M 0.03%
+290,000
New +$4.4M
CEG icon
565
Constellation Energy
CEG
$98B
$4.29M 0.03%
+12,150
New +$4.42M
SGML icon
566
CALL
Sigma Lithium
SGML
$1.08B
$4.29M 0.03%
325,100
+325,000
+325,000% +$2.8M
LRCX icon
567
CALL
Lam Research
LRCX
$382B
$4.28M 0.03%
+25,000
New +$3.89M
PZZA icon
568
Papa John's
PZZA
$999M
$4.28M 0.03%
111,116
+96,616
+666% +$4.27M
BYD icon
569
CALL
Boyd Gaming
BYD
$6.47B
$4.26M 0.03%
+50,000
New +$4.12M
KBE icon
570
State Street SPDR S&P Bank ETF
KBE
$1.64B
$4.25M 0.03%
+70,000
New +$4.12M
QURE icon
571
uniQure
QURE
$2.68B
$4.24M 0.03%
177,277
-281,023
-61% -$10.8M
RLAY icon
572
CALL
Relay Therapeutics
RLAY
$4.02B
$4.23M 0.03%
+500,100
New +$3.57M
SMMT icon
573
CALL
Summit Therapeutics
SMMT
$10.9B
$4.2M 0.03%
240,000
+34,500
+17% +$649K
AU icon
574
AngloGold Ashanti
AU
$40.3B
$4.17M 0.03%
+48,900
New +$3.81M
ETSY icon
575
PUT
Etsy
ETSY
$7.65B
$4.16M 0.03%
75,000
– –
21 22
23
24 25

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.