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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
JNJ icon
76
CALL
Johnson & Johnson
JNJ
$635B
$41.4M 0.28%
200,000
+103,400
+107% +$20.4M
EXAS
77
CALL
DELISTED
Exact Sciences
EXAS
$40.9M 0.28%
403,200
+355,100
+738% +$28.5M
INSM icon
78
CALL
Insmed
INSM
$23.2B
$40.9M 0.28%
235,200
-142,300
-38% -$26M
INSM icon
79
PUT
Insmed
INSM
$23.2B
$40.8M 0.28%
234,200
-91,800
-28% -$16.8M
BMY icon
80
PUT
Bristol-Myers Squibb
BMY
$127B
$40.5M 0.28%
750,000
+655,000
+689% +$31.5M
C icon
81
CALL
Citigroup
C
$222B
$40.3M 0.28%
345,000
+215,000
+165% +$22.3M
BSX icon
82
PUT
Boston Scientific
BSX
$65.8B
$39.6M 0.27%
415,800
-62,900
-13% -$6.17M
CORT icon
83
PUT
Corcept Therapeutics
CORT
$10.2B
$39M 0.27%
+1,119,500
New +$87.9M
OWL icon
84
PUT
Blue Owl Capital
OWL
$6.39B
$38.5M 0.26%
2,578,100
+1,036,500
+67% +$16.2M
FSLR icon
85
PUT
First Solar
FSLR
$21.8B
$38.4M 0.26%
147,100
– –
CORZ icon
86
CALL
Core Scientific
CORZ
$7.23B
$36.8M 0.25%
2,529,000
-2,173,100
-46% -$37.9M
VST icon
87
PUT
Vistra
VST
$55.1B
$36.4M 0.25%
225,800
+180,800
+402% +$32.9M
LQDA icon
88
CALL
Liquidia Corp
LQDA
$7.67B
$36.4M 0.25%
1,054,000
+92,000
+10% +$2.62M
FLR icon
89
CALL
Fluor
FLR
$7.29B
$36.3M 0.25%
916,800
-1,000
-0.1% -$44.2K
XOM icon
90
PUT
ExxonMobil
XOM
$651B
$36.1M 0.25%
300,000
– –
VERA icon
91
CALL
Vera Therapeutics
VERA
$2.54B
$35.6M 0.24%
+702,200
New +$24.9M
DKS icon
92
PUT
Dick's Sporting Goods
DKS
$18.4B
$35.5M 0.24%
179,300
+129,200
+258% +$28.2M
ORCL icon
93
Oracle
ORCL
$331B
$35M 0.24%
179,620
+170,428
+1,854% +$40.6M
WDC icon
94
PUT
Western Digital
WDC
$179B
$34.5M 0.24%
200,000
– –
CRWV
95
PUT
CoreWeave
CRWV
$39.2B
$33.2M 0.23%
463,600
-1,268,400
-73% -$129M
UNH icon
96
PUT
UnitedHealth
UNH
$382B
$33M 0.23%
100,000
+25,000
+33% +$8.47M
BA icon
97
PUT
Boeing
BA
$165B
$32.6M 0.22%
150,000
+115,000
+329% +$23.7M
MU icon
98
CALL
Micron Technology
MU
$1.04T
$32.3M 0.22%
+113,000
New +$25.9M
AMD icon
99
Advanced Micro Devices
AMD
$851B
$32.1M 0.22%
+150,000
New +$33.7M
AMD icon
100
PUT
Advanced Micro Devices
AMD
$851B
$32.1M 0.22%
+150,000
New +$33.7M
2 3
4
5 6

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.