We are live on ! Find out more
CM

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
AM icon
651
CALL
Antero Midstream
AM
$10.8B
$3.28M 0.02%
184,500
+64,500
+54% +$1.16M
IMMR icon
652
Immersion
IMMR
$216M
$3.28M 0.02%
482,198
+141,578
+42% +$960K
IMCR icon
653
Immunocore
IMCR
$1.78B
$3.28M 0.02%
94,384
-369,278
-80% -$13M
ANET icon
654
PUT
Arista Networks
ANET
$219B
$3.28M 0.02%
25,000
– –
NVAX icon
655
PUT
Novavax
NVAX
$1.23B
$3.27M 0.02%
+486,800
New +$3.67M
ACLX
656
PUT
DELISTED
Arcellx
ACLX
$3.26M 0.02%
50,000
-10,000
-17% -$798K
GSBD icon
657
CALL
Goldman Sachs BDC
GSBD
$975M
$3.25M 0.02%
+350,000
New +$3.43M
SIBN icon
658
CALL
SI-BONE Inc
SIBN
$737M
$3.24M 0.02%
+164,200
New +$2.85M
SLV icon
659
CALL
iShares Silver Trust
SLV
$28.1B
$3.22M 0.02%
50,000
-250,000
-83% -$12.5M
SLV icon
660
PUT
iShares Silver Trust
SLV
$28.1B
$3.22M 0.02%
+50,000
New +$2.5M
SLB icon
661
SLB Ltd
SLB
$77.8B
$3.22M 0.02%
83,800
+31,571
+60% +$1.14M
AL
662
CALL
DELISTED
Air Lease Corp
AL
$3.21M 0.02%
50,000
-25,000
-33% -$1.6M
ENPH icon
663
PUT
Enphase Energy
ENPH
$4.84B
$3.21M 0.02%
+100,000
New +$3.24M
EXEL icon
664
CALL
Exelixis
EXEL
$13.9B
$3.2M 0.02%
73,000
-124,200
-63% -$5.14M
EXEL icon
665
PUT
Exelixis
EXEL
$13.9B
$3.2M 0.02%
73,000
-223,200
-75% -$9.23M
ONT
666
CALL
Onterris Inc
ONT
$710M
$3.19M 0.02%
128,500
+34,000
+36% +$898K
AA icon
667
PUT
Alcoa
AA
$11.7B
$3.19M 0.02%
60,000
-25,000
-29% -$1.02M
AEO icon
668
CALL
American Eagle Outfitters
AEO
$2.85B
$3.17M 0.02%
+120,400
New +$2.38M
PSKY
669
Paramount Skydance Corp
PSKY
$9.19B
$3.17M 0.02%
+236,659
New +$3.7M
NKTR icon
670
PUT
Nektar Therapeutics
NKTR
$2.39B
$3.17M 0.02%
75,000
-2,500
-3% -$140K
SWKS icon
671
CALL
Skyworks Solutions
SWKS
$9.06B
$3.17M 0.02%
+50,000
New +$3.49M
CART icon
672
Maplebear
CART
$9.92B
$3.16M 0.02%
70,203
+14,661
+26% +$600K
NBIS
673
PUT
Nebius Group N.V.
NBIS
$47.7B
$3.14M 0.02%
37,500
– –
OWL icon
674
CALL
Blue Owl Capital
OWL
$6.39B
$3.14M 0.02%
210,000
+10,000
+5% +$156K
WOLF icon
675
CALL
Wolfspeed
WOLF
$1.2B
$3.13M 0.02%
180,000
-100,000
-36% -$2.29M
25 26
27
28 29

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.