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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
LODE icon
1101
Comstock
LODE
$236M
$884K 0.01%
234,999
– –
INDI icon
1102
CALL
indie Semiconductor
INDI
$727M
$883K 0.01%
+250,000
New +$1.1M
SRPT icon
1103
Sarepta Therapeutics
SRPT
$1.68B
$880K 0.01%
40,890
+5,357
+15% +$113K
PLYM
1104
CALL
DELISTED
Plymouth Industrial REIT
PLYM
$880K 0.01%
40,200
+22,700
+130% +$499K
VOYG
1105
CALL
Voyager Technologies
VOYG
$1.56B
$876K 0.01%
+33,500
New +$909K
WRBY icon
1106
PUT
Warby Parker
WRBY
$3.05B
$869K 0.01%
+39,900
New +$868K
IMCR icon
1107
PUT
Immunocore
IMCR
$1.72B
$868K 0.01%
25,000
-1,527,500
-98% -$53.9M
DBRG icon
1108
DigitalBridge
DBRG
$2.93B
$866K 0.01%
56,442
+46,082
+445% +$554K
CLBT icon
1109
Cellebrite
CLBT
$3.65B
$865K 0.01%
+48,000
New +$862K
GOGO icon
1110
CALL
Gogo Inc
GOGO
$540M
$862K 0.01%
185,000
– –
XRT icon
1111
CALL
State Street SPDR S&P Retail ETF
XRT
$448M
$853K 0.01%
10,000
-40,000
-80% -$3.36M
CNTA
1112
PUT
DELISTED
Centessa Pharmaceuticals
CNTA
$853K 0.01%
34,100
-438,900
-93% -$11.1M
KDP icon
1113
Keurig Dr Pepper
KDP
$41B
$849K 0.01%
30,300
-90,700
-75% -$2.49M
NB
1114
CALL
NioCorp Developments
NB
$610M
$848K 0.01%
160,000
-194,900
-55% -$1.34M
HAL icon
1115
Halliburton
HAL
$26.8B
$848K 0.01%
30,000
-10,000
-25% -$264K
CIFR icon
1116
Cipher Digital
CIFR
$8.86B
$844K 0.01%
57,198
-310,502
-84% -$5.48M
KEEL
1117
Keel Infrastructure Corp
KEEL
$2.45B
$843K 0.01%
358,800
-110,982
-24% -$380K
XRX icon
1118
PUT
Xerox
XRX
$357M
$841K 0.01%
355,000
-100,000
-22% -$296K
NNE
1119
CALL
Nano Nuclear Energy
NNE
$875M
$840K 0.01%
35,000
-60,000
-63% -$2.3M
TWO
1120
CALL
Two Harbors Investment
TWO
$1.27B
$840K 0.01%
80,000
+9,400
+13% +$94K
SIG icon
1121
CALL
Signet Jewelers
SIG
$3.72B
$829K 0.01%
+10,000
New +$950K
CSGP icon
1122
PUT
CoStar Group
CSGP
$11.9B
$827K 0.01%
12,300
– –
REPL icon
1123
PUT
Replimune Group
REPL
$724M
$826K 0.01%
+85,000
New +$723K
VERX icon
1124
Vertex
VERX
$2.05B
$822K 0.01%
41,159
– –
DOW icon
1125
Dow Inc
DOW
$20.8B
$821K 0.01%
+35,128
New +$808K
43 44
45
46 47

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.