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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
PCT icon
751
PUT
PureCycle Technologies
PCT
$1.17B
$2.58M 0.02%
+300,000
New +$3.19M
AWK icon
752
CALL
American Water Works
AWK
$26.3B
$2.57M 0.02%
+19,700
New +$2.63M
CAR icon
753
Avis
CAR
$5.63B
$2.57M 0.02%
+20,000
New +$2.79M
AGIO icon
754
Agios Pharmaceuticals
AGIO
$2.16B
$2.54M 0.02%
93,486
+75,992
+434% +$2.67M
ILMN icon
755
PUT
Illumina
ILMN
$29.4B
$2.53M 0.02%
+19,300
New +$2.27M
YPF icon
756
PUT
YPF
YPF
$20.2B
$2.53M 0.02%
70,000
– –
QS icon
757
QuantumScape Corp
QS
$3B
$2.52M 0.02%
242,100
+43,400
+22% +$598K
FISV
758
CALL
Fiserv Inc
FISV
$27.2B
$2.52M 0.02%
+37,500
New +$3.14M
HOLX
759
PUT
DELISTED
Hologic
HOLX
$2.52M 0.02%
+33,800
New +$2.47M
HUT
760
PUT
Hut 8
HUT
$12.4B
$2.5M 0.02%
54,500
-58,000
-52% -$2.56M
MUR icon
761
CALL
Murphy Oil
MUR
$5.58B
$2.5M 0.02%
80,000
– –
INBX icon
762
CALL
Inhibrx
INBX
$1.2B
$2.5M 0.02%
+31,600
New +$2.15M
ALAB icon
763
PUT
Astera Labs
ALAB
$50B
$2.5M 0.02%
15,000
– –
KNX icon
764
CALL
Knight Transportation
KNX
$11.8B
$2.49M 0.02%
+47,700
New +$2.24M
KVUE icon
765
Kenvue
KVUE
$37B
$2.48M 0.02%
144,000
+9,300
+7% +$152K
TROX icon
766
Tronox
TROX
$995M
$2.48M 0.02%
594,792
+114,571
+24% +$436K
DEA
767
CALL
Easterly Government Properties
DEA
$1.18B
$2.47M 0.02%
+116,800
New +$2.53M
TAN icon
768
PUT
Invesco Solar ETF
TAN
$1.47B
$2.46M 0.02%
50,000
– –
NTGR icon
769
PUT
NETGEAR
NTGR
$669M
$2.45M 0.02%
100,000
+11,400
+13% +$328K
GEV icon
770
GE Vernova
GEV
$270B
$2.45M 0.02%
+3,750
New +$2.28M
BCH icon
771
CALL
Banco de Chile
BCH
$20.6B
$2.44M 0.02%
64,200
+57,100
+804% +$2.03M
URI icon
772
United Rentals
URI
$71.1B
$2.43M 0.02%
+3,000
New +$2.6M
NN icon
773
PUT
NextNav
NN
$1.7B
$2.42M 0.02%
145,700
-156,500
-52% -$2.22M
FIVN icon
774
PUT
FIVE9
FIVN
$1.77B
$2.42M 0.02%
+120,800
New +$2.56M
WDC icon
775
CALL
Western Digital
WDC
$179B
$2.41M 0.02%
+14,000
New +$2.12M
29 30
31
32 33

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.