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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
ABEO icon
1151
PUT
Abeona Therapeutics
ABEO
$349M
$751K 0.01%
+142,500
New +$717K
BCAX
1152
PUT
Bicara Therapeutics
BCAX
$1.83B
$751K 0.01%
+44,600
New +$762K
AQST icon
1153
CALL
Aquestive Therapeutics
AQST
$468M
$749K 0.01%
115,900
+65,900
+132% +$411K
CPRI icon
1154
Capri Holdings
CPRI
$1.82B
$747K 0.01%
+30,599
New +$708K
UAA icon
1155
PUT
Under Armour
UAA
$3.02B
$746K 0.01%
150,000
– –
TGEN
1156
CALL
Tecogen Inc
TGEN
$99.9M
$741K 0.01%
+150,000
New +$1.13M
RGLD icon
1157
Royal Gold
RGLD
$17.1B
$734K 0.01%
+3,302
New +$655K
AGIO icon
1158
CALL
Agios Pharmaceuticals
AGIO
$2.2B
$732K 0.01%
26,900
-3,100
-10% -$109K
WOLF icon
1159
PUT
Wolfspeed
WOLF
$1.24B
$726K 0.01%
41,700
-970,900
-96% -$22.3M
OLED icon
1160
Universal Display
OLED
$3.81B
$724K 0.01%
+6,200
New +$804K
MTRN icon
1161
Materion
MTRN
$5.03B
$721K ﹤0.01%
5,800
– –
FUN icon
1162
PUT
Cedar Fair
FUN
$1.8B
$719K ﹤0.01%
+46,900
New +$848K
PRGS icon
1163
Progress Software
PRGS
$1.59B
$717K ﹤0.01%
16,700
-8,500
-34% -$370K
NTSK
1164
CALL
Netskope Inc
NTSK
$4.82B
$717K ﹤0.01%
+40,900
New +$853K
SE icon
1165
Sea Limited
SE
$63.9B
$714K ﹤0.01%
5,600
-12,600
-69% -$1.87M
XRX icon
1166
CALL
Xerox
XRX
$357M
$711K ﹤0.01%
+300,000
New +$888K
BRSP
1167
PUT
BrightSpire Capital
BRSP
$683M
$700K ﹤0.01%
125,000
+25,000
+25% +$138K
TDOC icon
1168
CALL
Teladoc Health
TDOC
$1.61B
$700K ﹤0.01%
+100,000
New +$783K
HLF icon
1169
CALL
Herbalife
HLF
$1.26B
$692K ﹤0.01%
+53,700
New +$569K
VG
1170
PUT
Venture Global Inc
VG
$31.8B
$682K ﹤0.01%
100,000
– –
PEB icon
1171
PUT
Pebblebrook Hotel Trust
PEB
$2.19B
$679K ﹤0.01%
60,000
– –
UPS icon
1172
United Parcel Service
UPS
$96B
$677K ﹤0.01%
6,825
-10,515
-61% -$984K
SLM icon
1173
PUT
SLM Corp
SLM
$4.78B
$677K ﹤0.01%
+25,000
New +$686K
HALO icon
1174
CALL
Halozyme
HALO
$9.66B
$673K ﹤0.01%
+10,000
New +$673K
HALO icon
1175
PUT
Halozyme
HALO
$9.66B
$673K ﹤0.01%
+10,000
New +$673K
45 46
47
48 49

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.