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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
ENPH icon
826
Enphase Energy
ENPH
$4.84B
$2.04M 0.01%
+63,700
New +$2.06M
CCJ icon
827
CALL
Cameco
CCJ
$38.3B
$2.04M 0.01%
22,300
-75,000
-77% -$6.75M
ALK icon
828
CALL
Alaska Air
ALK
$5.15B
$2.04M 0.01%
+40,500
New +$1.87M
TEVA icon
829
Teva Pharmaceuticals
TEVA
$35.9B
$2.03M 0.01%
+65,000
New +$1.6M
DCO icon
830
CALL
Ducommun
DCO
$2.68B
$2.03M 0.01%
+21,300
New +$1.98M
FIVN icon
831
CALL
FIVE9
FIVN
$1.77B
$2.03M 0.01%
101,000
+6,000
+6% +$127K
CLSK icon
832
PUT
CleanSpark
CLSK
$3.73B
$2.02M 0.01%
+200,000
New +$3M
CAI
833
PUT
Caris Life Sciences
CAI
$4.39B
$2.02M 0.01%
+75,000
New +$2.11M
FMX icon
834
Fomento Económico Mexicano
FMX
$43.3B
$2.02M 0.01%
+20,000
New +$1.94M
NVAX icon
835
CALL
Novavax
NVAX
$1.23B
$2.02M 0.01%
300,000
+250,000
+500% +$1.88M
UPWK icon
836
PUT
Upwork
UPWK
$1.09B
$2.01M 0.01%
+101,200
New +$1.86M
GAP
837
The Gap Inc
GAP
$6.84B
$2M 0.01%
78,000
+77,876
+62,803% +$1.89M
RGTI icon
838
CALL
Rigetti Computing
RGTI
$4.7B
$1.99M 0.01%
+90,000
New +$2.93M
OSG
839
PUT
Octave Specialty Group
OSG
$252M
$1.99M 0.01%
256,000
+208,000
+433% +$1.78M
IDYA icon
840
IDEAYA Biosciences
IDYA
$3.41B
$1.98M 0.01%
57,167
+37,667
+193% +$1.2M
PL icon
841
CALL
Planet Labs
PL
$7.3B
$1.97M 0.01%
100,000
-432,500
-81% -$6.2M
TROX icon
842
CALL
Tronox
TROX
$995M
$1.95M 0.01%
468,600
-171,400
-27% -$653K
CPB icon
843
CALL
Campbell Soup
CPB
$6.51B
$1.95M 0.01%
+70,000
New +$2.1M
SLNO
844
DELISTED
Soleno Therapeutics
SLNO
$1.95M 0.01%
42,100
-327,900
-89% -$18M
HOLX
845
DELISTED
Hologic
HOLX
$1.95M 0.01%
26,137
-73,674
-74% -$5.38M
RCUS icon
846
PUT
Arcus Biosciences
RCUS
$3.57B
$1.94M 0.01%
+81,400
New +$1.66M
ANDE icon
847
Andersons Inc
ANDE
$2.65B
$1.94M 0.01%
+36,400
New +$1.78M
BAC icon
848
PUT
Bank of America
BAC
$435B
$1.93M 0.01%
+35,000
New +$1.85M
EWTX icon
849
CALL
Edgewise Therapeutics
EWTX
$4.39B
$1.92M 0.01%
+77,500
New +$1.56M
HPE icon
850
PUT
Hewlett Packard
HPE
$63.2B
$1.92M 0.01%
80,000
+20,000
+33% +$471K
32 33
34
35 36

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.