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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
NEE icon
776
CALL
NextEra Energy
NEE
$187B
$2.41M 0.02%
30,000
-170,000
-85% -$14.1M
OII icon
777
PUT
Oceaneering
OII
$5.25B
$2.4M 0.02%
100,000
– –
FHN icon
778
PUT
First Horizon
FHN
$12.1B
$2.39M 0.02%
100,000
+80,000
+400% +$1.78M
BKD icon
779
CALL
Brookdale Senior Living
BKD
$3.62B
$2.37M 0.02%
220,000
– –
CM icon
780
Canadian Imperial Bank of Commerce
CM
$107B
$2.36M 0.02%
+26,000
New +$2.23M
DIS icon
781
CALL
Walt Disney
DIS
$165B
$2.36M 0.02%
20,700
– –
YOU icon
782
PUT
Clear Secure
YOU
$5.26B
$2.34M 0.02%
+66,600
New +$2.27M
PSA icon
783
CALL
Public Storage
PSA
$60.2B
$2.34M 0.02%
+9,000
New +$2.52M
APPF icon
784
PUT
AppFolio
APPF
$5.85B
$2.33M 0.02%
+10,000
New +$2.38M
LUV icon
785
Southwest Airlines
LUV
$22.1B
$2.33M 0.02%
56,275
-73,900
-57% -$2.58M
OII icon
786
CALL
Oceaneering
OII
$5.25B
$2.32M 0.02%
96,600
-153,400
-61% -$3.71M
PFGC icon
787
CALL
Performance Food Group
PFGC
$17.5B
$2.32M 0.02%
25,800
– –
SLNO
788
CALL
DELISTED
Soleno Therapeutics
SLNO
$2.31M 0.02%
50,000
– –
MUX icon
789
CALL
McEwen Inc
MUX
$1.03B
$2.31M 0.02%
125,000
+100,000
+400% +$1.86M
PAYO icon
790
Payoneer
PAYO
$2.41B
$2.3M 0.02%
410,000
-90,000
-18% -$520K
DV icon
791
PUT
DoubleVerify
DV
$1.62B
$2.29M 0.02%
200,000
-150,000
-43% -$1.65M
CELH icon
792
PUT
Celsius Holdings
CELH
$6.93B
$2.29M 0.02%
50,000
– –
LEGN icon
793
CALL
Legend Biotech
LEGN
$4.3B
$2.28M 0.02%
+105,000
New +$3.01M
AAOI icon
794
CALL
Applied Optoelectronics
AAOI
$8.04B
$2.27M 0.02%
65,000
+24,700
+61% +$737K
ACVA icon
795
CALL
ACV Auctions
ACVA
$1.35B
$2.24M 0.02%
279,800
+129,800
+87% +$1.05M
ROCK icon
796
PUT
Gibraltar Industries
ROCK
$1.34B
$2.23M 0.02%
45,200
+44,200
+4,420% +$2.53M
REPL icon
797
Replimune Group
REPL
$814M
$2.22M 0.02%
228,570
+58,570
+34% +$498K
TBCH
798
Turtle Beach Corp
TBCH
$239M
$2.21M 0.02%
157,566
-125,731
-44% -$1.87M
GT icon
799
CALL
Goodyear
GT
$2.07B
$2.19M 0.02%
250,000
+50,000
+25% +$394K
GLW icon
800
CALL
Corning
GLW
$126B
$2.19M 0.02%
25,000
-297,000
-92% -$25.6M
30 31
32
33 34

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.