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
LITE icon
51
CALL
Lumentum
LITE
$59.4B
$59M 0.4%
160,000
+57,500
+56% +$14.8M
PRAX icon
52
PUT
Praxis Precision Medicines
PRAX
$9.07B
$58.9M 0.4%
200,000
+56,500
+39% +$10.5M
RVMD icon
53
CALL
Revolution Medicines
RVMD
$40.2B
$58.6M 0.4%
736,100
+220,100
+43% +$14.4M
NVO
54
PUT
Novo Nordisk
NVO
$216B
$57.7M 0.4%
1,135,000
+685,000
+152% +$35M
CCJ icon
55
PUT
Cameco
CCJ
$38.3B
$56.4M 0.39%
616,500
+289,100
+88% +$26M
OKE icon
56
CALL
Oneok
OKE
$58.7B
$55.3M 0.38%
752,200
+632,100
+526% +$44.8M
IREN icon
57
CALL
Iris Energy
IREN
$13.2B
$55.2M 0.38%
1,462,200
+527,400
+56% +$27.2M
XLI icon
58
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.9B
$54.7M 0.38%
+352,500
New +$54.2M
CELC icon
59
CALL
Celcuity
CELC
$4.03B
$51.5M 0.35%
516,800
+189,100
+58% +$15.5M
XBI icon
60
PUT
State Street SPDR S&P Biotech ETF
XBI
$10.1B
$51.2M 0.35%
420,000
+116,600
+38% +$13.4M
MSFT icon
61
Microsoft
MSFT
$2.84T
$50.4M 0.35%
+104,200
New +$52.2M
LW icon
62
PUT
Lamb Weston
LW
$6.82B
$50.3M 0.34%
+1,200,000
New +$70.6M
LLY icon
63
CALL
Eli Lilly
LLY
$1.07T
$49.8M 0.34%
+46,300
New +$44.3M
ASND icon
64
CALL
Ascendis Pharma A/S
ASND
$16.7B
$49M 0.34%
230,000
+124,400
+118% +$25.7M
MSFT icon
65
PUT
Microsoft
MSFT
$2.84T
$48.4M 0.33%
+100,000
New +$50.1M
IREN icon
66
PUT
Iris Energy
IREN
$13.2B
$48M 0.33%
1,270,700
-94,300
-7% -$4.86M
GD icon
67
PUT
General Dynamics
GD
$105B
$46.5M 0.32%
138,200
– –
CM icon
68
PUT
Canadian Imperial Bank of Commerce
CM
$107B
$45M 0.31%
496,400
-3,000
-0.6% -$257K
MSTR icon
69
CALL
Strategy Inc
MSTR
$33.5B
$44.8M 0.31%
+295,000
New +$67.9M
MSTR icon
70
PUT
Strategy Inc
MSTR
$33.5B
$44.8M 0.31%
295,000
+275,000
+1,375% +$63.3M
MLYS icon
71
CALL
Mineralys Therapeutics
MLYS
$2.35B
$44.5M 0.31%
+1,227,400
New +$49.2M
MLYS icon
72
PUT
Mineralys Therapeutics
MLYS
$2.35B
$44.3M 0.3%
1,221,800
+901,800
+282% +$36.2M
SMCI icon
73
CALL
Super Micro Computer
SMCI
$19.5B
$42.6M 0.29%
1,455,000
+300,000
+26% +$12.4M
WULF icon
74
PUT
TeraWulf
WULF
$9.15B
$42.2M 0.29%
3,672,500
+1,945,500
+113% +$26.1M
XOM icon
75
CALL
ExxonMobil
XOM
$651B
$41.6M 0.29%
346,100
+24,000
+7% +$2.78M
1 2
3
4 5

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.