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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
BCH icon
101
PUT
Banco de Chile
BCH
$20.6B
$32.1M 0.22%
843,500
+57,100
+7% +$2.03M
DDOG icon
102
PUT
Datadog
DDOG
$87.9B
$32M 0.22%
235,600
+50,700
+27% +$8.01M
TTWO icon
103
PUT
Take-Two Interactive
TTWO
$43B
$31.4M 0.22%
+122,500
New +$30.5M
AVGO icon
104
CALL
Broadcom
AVGO
$1.82T
$31.3M 0.21%
+90,500
New +$32.4M
LAD icon
105
CALL
Lithia Motors
LAD
$7.78B
$31M 0.21%
+93,200
New +$29.6M
CYTK icon
106
CALL
Cytokinetics
CYTK
$11B
$30.9M 0.21%
486,300
+191,200
+65% +$11.9M
SQM icon
107
PUT
Sociedad Química y Minera de Chile
SQM
$19.6B
$30.7M 0.21%
446,100
– –
MA icon
108
PUT
Mastercard
MA
$477B
$30.7M 0.21%
53,700
– –
GSAT icon
109
CALL
Globalstar
GSAT
$10.2B
$30.5M 0.21%
500,000
– –
BSX icon
110
CALL
Boston Scientific
BSX
$65.8B
$30.1M 0.21%
315,700
+181,100
+135% +$17.8M
CORZW icon
111
Core Scientific Inc Tranche 1 Warrants
CORZW
$1.57B
$29.5M 0.2%
3,487,150
+6,000
+0.2% +$66.6K
BMY icon
112
Bristol-Myers Squibb
BMY
$127B
$29M 0.2%
+537,700
New +$25.9M
AMBA icon
113
CALL
Ambarella
AMBA
$2.99B
$28.8M 0.2%
+406,500
New +$32.8M
BURL icon
114
PUT
Burlington
BURL
$22B
$28.5M 0.2%
98,800
+46,900
+90% +$12.7M
VALE icon
115
CALL
Vale
VALE
$62.9B
$28.1M 0.19%
+2,155,400
New +$26.2M
ONON icon
116
CALL
On Holding
ONON
$11.9B
$27.8M 0.19%
599,000
+299,000
+100% +$12.9M
GMED icon
117
CALL
Globus Medical
GMED
$10.4B
$27.7M 0.19%
+316,700
New +$24M
CSX icon
118
CALL
CSX Corp
CSX
$98.6B
$27.4M 0.19%
757,200
-22,800
-3% -$816K
DHI icon
119
CALL
D.R. Horton
DHI
$41B
$27.2M 0.19%
+189,000
New +$28.8M
PLNT icon
120
CALL
Planet Fitness
PLNT
$4.23B
$27.1M 0.19%
+250,200
New +$25.8M
RH icon
121
PUT
RH
RH
$3.3B
$26.9M 0.18%
150,000
+54,200
+57% +$9.27M
UTHR icon
122
United Therapeutics
UTHR
$26.3B
$26.8M 0.18%
55,081
+15,562
+39% +$7.25M
XBI icon
123
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.1B
$26.7M 0.18%
+218,800
New +$25.1M
CARR icon
124
PUT
Carrier Global
CARR
$57.2B
$26.4M 0.18%
+500,000
New +$27.8M
KRYS icon
125
CALL
Krystal Biotech
KRYS
$9.88B
$26M 0.18%
105,300
+5,300
+5% +$1.12M
3 4
5
6 7

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
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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.