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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
IPI icon
1201
Intrepid Potash
IPI
$461M
$609K ﹤0.01%
21,956
-5,030
-19% -$135K
ROCK icon
1202
Gibraltar Industries
ROCK
$1.36B
$608K ﹤0.01%
+12,300
New +$705K
DD icon
1203
PUT
DuPont de Nemours
DD
$18.9B
$607K ﹤0.01%
5,033
-6,997
-58% -$787K
ARCC icon
1204
CALL
Ares Capital
ARCC
$13.6B
$607K ﹤0.01%
+30,000
New +$605K
ARCC icon
1205
PUT
Ares Capital
ARCC
$13.6B
$607K ﹤0.01%
+30,000
New +$605K
STM icon
1206
STMicroelectronics
STM
$47.7B
$604K ﹤0.01%
23,300
-25,000
-52% -$641K
DAL icon
1207
Delta Air Lines
DAL
$57B
$604K ﹤0.01%
8,700
-34,300
-80% -$2.14M
TMQ
1208
CALL
Trilogy Metals
TMQ
$536M
$603K ﹤0.01%
+140,000
New +$660K
KROS icon
1209
Keros Therapeutics
KROS
$202M
$601K ﹤0.01%
29,500
-6,578
-18% -$115K
ANNX icon
1210
Annexon
ANNX
$841M
$600K ﹤0.01%
+119,491
New +$457K
FUN icon
1211
Cedar Fair
FUN
$1.8B
$593K ﹤0.01%
+38,672
New +$699K
GTM
1212
ZoomInfo Technologies
GTM
$908M
$585K ﹤0.01%
57,484
-18,516
-24% -$191K
FIVN icon
1213
FIVE9
FIVN
$1.96B
$583K ﹤0.01%
29,074
-8,026
-22% -$170K
PRTA icon
1214
Prothena Corp
PRTA
$455M
$583K ﹤0.01%
61,009
– –
GGAL icon
1215
Galicia Financial Group
GGAL
$8.03B
$578K ﹤0.01%
+10,722
New +$502K
LAZ icon
1216
Lazard
LAZ
$4.23B
$578K ﹤0.01%
11,900
– –
HLF icon
1217
Herbalife
HLF
$1.26B
$576K ﹤0.01%
44,700
-20,300
-31% -$215K
CYRX icon
1218
CryoPort
CYRX
$764M
$576K ﹤0.01%
60,004
– –
SHMDW
1219
SCHMID Group N.V. Warrants
SHMDW
$562K ﹤0.01%
+385,090
New +$249K
APYX icon
1220
Apyx Medical
APYX
$164M
$561K ﹤0.01%
160,407
+36,475
+29% +$127K
CYTK icon
1221
PUT
Cytokinetics
CYTK
$10.9B
$559K ﹤0.01%
8,800
– –
SOLS
1222
Solstice Advanced Materials
SOLS
$9.62B
$559K ﹤0.01%
+11,500
New +$541K
ASTL icon
1223
PUT
Algoma Steel
ASTL
$463M
$554K ﹤0.01%
135,000
+32,800
+32% +$131K
GSBD icon
1224
Goldman Sachs BDC
GSBD
$979M
$553K ﹤0.01%
+59,644
New +$585K
MFA
1225
MFA Financial
MFA
$927M
$547K ﹤0.01%
58,796
-67,212
-53% -$626K
47 48
49
50 51

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.