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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
CLBT icon
726
CALL
Cellebrite
CLBT
$3.55B
$2.7M 0.02%
+150,000
New +$2.69M
CLBT icon
727
PUT
Cellebrite
CLBT
$3.55B
$2.7M 0.02%
+150,000
New +$2.69M
QCOM icon
728
Qualcomm
QCOM
$176B
$2.7M 0.02%
+15,790
New +$2.71M
TSHA icon
729
CALL
Taysha Gene Therapies
TSHA
$1.59B
$2.7M 0.02%
+490,700
New +$2.38M
CC icon
730
CALL
Chemours
CC
$2.59B
$2.69M 0.02%
228,300
+192,000
+529% +$2.47M
HOG icon
731
PUT
Harley-Davidson
HOG
$2.68B
$2.69M 0.02%
131,200
+93,700
+250% +$2.3M
VLY icon
732
Valley National Bancorp
VLY
$7.93B
$2.69M 0.02%
230,000
-60,000
-21% -$666K
FWRD icon
733
Forward Air
FWRD
$482M
$2.67M 0.02%
+106,987
New +$2.41M
ACAD icon
734
CALL
Acadia Pharmaceuticals
ACAD
$4.25B
$2.67M 0.02%
100,000
-533,800
-84% -$12.8M
CRH icon
735
CRH
CRH
$66.7B
$2.67M 0.02%
+21,402
New +$2.55M
USB icon
736
PUT
US Bancorp
USB
$99.6B
$2.67M 0.02%
+50,000
New +$2.46M
EQX icon
737
PUT
Equinox Gold
EQX
$7.32B
$2.67M 0.02%
190,000
– –
INTU icon
738
Intuit
INTU
$81.1B
$2.65M 0.02%
+4,000
New +$2.64M
MGNI icon
739
PUT
Magnite
MGNI
$2.65B
$2.64M 0.02%
162,500
-237,500
-59% -$3.94M
NAMS icon
740
PUT
NewAmsterdam Pharma
NAMS
$3.47B
$2.63M 0.02%
75,000
-1,094,700
-94% -$39.8M
ELV icon
741
PUT
Elevance Health
ELV
$81.9B
$2.63M 0.02%
7,500
– –
SIBN icon
742
PUT
SI-BONE Inc
SIBN
$737M
$2.63M 0.02%
+133,300
New +$2.32M
TKO icon
743
CALL
TKO Group
TKO
$13.5B
$2.61M 0.02%
+12,500
New +$2.43M
TKO icon
744
PUT
TKO Group
TKO
$13.5B
$2.61M 0.02%
+12,500
New +$2.43M
PCT icon
745
CALL
PureCycle Technologies
PCT
$1.17B
$2.61M 0.02%
304,000
– –
MKSI icon
746
MKS Inc
MKSI
$22.2B
$2.61M 0.02%
16,328
– –
YUMC icon
747
Yum China
YUMC
$14.9B
$2.61M 0.02%
54,600
-12,000
-18% -$550K
HIMS icon
748
PUT
Hims & Hers Health
HIMS
$6.5B
$2.6M 0.02%
+80,000
New +$3.43M
PINS icon
749
CALL
Pinterest
PINS
$12.4B
$2.59M 0.02%
+100,000
New +$2.88M
OLED icon
750
CALL
Universal Display
OLED
$3.71B
$2.58M 0.02%
+22,100
New +$2.87M
28 29
30
31 32

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.