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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
VSTM icon
1226
Verastem
VSTM
$534M
$544K ﹤0.01%
+70,405
New +$627K
OXY icon
1227
Occidental Petroleum
OXY
$54.6B
$542K ﹤0.01%
+13,192
New +$551K
STUB
1228
CALL
StubHub Holdings
STUB
$3.16B
$541K ﹤0.01%
+40,000
New +$629K
SBLK icon
1229
PUT
Star Bulk Carriers
SBLK
$3.02B
$538K ﹤0.01%
28,000
– –
BKR icon
1230
Baker Hughes
BKR
$60.1B
$537K ﹤0.01%
11,800
-12,000
-50% -$569K
ACAD icon
1231
PUT
Acadia Pharmaceuticals
ACAD
$4.35B
$534K ﹤0.01%
20,000
-156,300
-89% -$3.74M
KD icon
1232
PUT
Kyndryl
KD
$2.81B
$531K ﹤0.01%
+20,000
New +$542K
YETI icon
1233
CALL
Yeti Holdings
YETI
$3.86B
$530K ﹤0.01%
12,000
-73,900
-86% -$2.84M
UNIT
1234
PUT
Uniti Group
UNIT
$2.62B
$526K ﹤0.01%
75,000
+23,000
+44% +$146K
EWY icon
1235
iShares MSCI South Korea ETF
EWY
$22.5B
$525K ﹤0.01%
+5,400
New +$494K
AVDL
1236
CALL
DELISTED
Avadel Pharmaceuticals
AVDL
$517K ﹤0.01%
+24,000
New +$466K
AR icon
1237
CALL
Antero Resources
AR
$10.5B
$517K ﹤0.01%
15,000
– –
ACI icon
1238
CALL
Albertsons Companies
ACI
$5.57B
$515K ﹤0.01%
30,000
– –
CX icon
1239
Cemex
CX
$17.6B
$510K ﹤0.01%
44,400
-20,403
-31% -$211K
SNAP icon
1240
Snap
SNAP
$7.6B
$510K ﹤0.01%
63,200
– –
EGY icon
1241
CALL
Vaalco Energy
EGY
$552M
$510K ﹤0.01%
+140,000
New +$518K
EVGO icon
1242
CALL
EVgo
EVGO
$220M
$505K ﹤0.01%
173,700
– –
AISPW
1243
Airship AI Holdings Warrants
AISPW
$15.6M
$504K ﹤0.01%
630,577
+297,615
+89% +$434K
PFE icon
1244
CALL
Pfizer
PFE
$141B
$498K ﹤0.01%
20,000
– –
FPH icon
1245
Five Point Holdings
FPH
$385M
$498K ﹤0.01%
+89,000
New +$526K
VG
1246
Venture Global Inc
VG
$31.8B
$496K ﹤0.01%
72,800
-9,500
-12% -$79.1K
RYTM icon
1247
Rhythm Pharmaceuticals
RYTM
$7.28B
$494K ﹤0.01%
+4,614
New +$489K
SLM icon
1248
SLM Corp
SLM
$4.78B
$487K ﹤0.01%
+18,000
New +$494K
IMNM icon
1249
CALL
Immunome
IMNM
$2.56B
$483K ﹤0.01%
22,500
– –
IMMR icon
1250
CALL
Immersion
IMMR
$256M
$483K ﹤0.01%
71,000
-21,000
-23% -$142K
48 49
50
51 52

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.