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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
ZURA icon
1126
Zura Bio
ZURA
$511M
$817K 0.01%
+155,936
New +$617K
CRVS icon
1127
PUT
Corvus Pharmaceuticals
CRVS
$1.09B
$815K 0.01%
+105,900
New +$835K
WTI icon
1128
PUT
W&T Offshore
WTI
$492M
$815K 0.01%
500,000
+150,000
+43% +$288K
SHAK icon
1129
PUT
Shake Shack
SHAK
$2.48B
$812K 0.01%
10,000
– –
LUNR icon
1130
Intuitive Machines
LUNR
$2.14B
$812K 0.01%
50,000
-60,000
-55% -$695K
RZLT icon
1131
CALL
Rezolute
RZLT
$476M
$810K 0.01%
343,400
-91,900
-21% -$720K
GGAL icon
1132
PUT
Galicia Financial Group
GGAL
$8.03B
$809K 0.01%
15,000
– –
MARA icon
1133
CALL
Marathon Digital Holdings
MARA
$4.49B
$804K 0.01%
89,500
-210,500
-70% -$3.11M
ZBIO
1134
PUT
Zenas BioPharma
ZBIO
$2.07B
$799K 0.01%
+22,000
New +$724K
TDAY
1135
PUT
USA Today Co
TDAY
$1.22B
$798K 0.01%
155,000
-25,000
-14% -$117K
POWL icon
1136
Powell Industries
POWL
$7.99B
$797K 0.01%
+7,500
New +$842K
GD icon
1137
General Dynamics
GD
$105B
$796K 0.01%
2,365
-1,300
-35% -$443K
CLMT icon
1138
CALL
Calumet Specialty Products
CLMT
$3.6B
$795K 0.01%
40,000
-120,000
-75% -$2.31M
MBX
1139
CALL
MBX Biosciences
MBX
$2.92B
$792K 0.01%
25,100
-49,900
-67% -$1.21M
BTG icon
1140
CALL
B2Gold
BTG
$5.16B
$789K 0.01%
+175,000
New +$816K
JHX icon
1141
James Hardie Industries
JHX
$15.5B
$789K 0.01%
+38,000
New +$762K
UUUU icon
1142
Energy Fuels
UUUU
$2.93B
$779K 0.01%
53,550
-198,650
-79% -$3.37M
OPENZ
1143
Opendoor Technologies Inc Series Z Warrants
OPENZ
$5.53M
$775K 0.01%
+1,941,413
New +$1.18M
PVH icon
1144
PVH
PVH
$3.87B
$773K 0.01%
11,533
– –
VSTM icon
1145
CALL
Verastem
VSTM
$534M
$772K 0.01%
+100,000
New +$891K
NNE
1146
PUT
Nano Nuclear Energy
NNE
$875M
$768K 0.01%
32,000
+4,500
+16% +$172K
NAK
1147
Northern Dynasty Minerals
NAK
$857M
$768K 0.01%
390,000
+340,000
+680% +$656K
ARHS icon
1148
PUT
Arhaus
ARHS
$1.12B
$762K 0.01%
68,000
– –
TTD icon
1149
PUT
Trade Desk
TTD
$8.41B
$759K 0.01%
20,000
-430,000
-96% -$19.1M
ELV icon
1150
Elevance Health
ELV
$82.1B
$754K 0.01%
2,150
-1,000
-32% -$338K
44 45
46
47 48

Similar funds

ASRS
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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.