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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
ANNX icon
1301
CALL
Annexon
ANNX
$841M
$350K ﹤0.01%
+69,700
New +$266K
JOBY.WS icon
1302
Joby Aviation Warrants
JOBY.WS
$349K ﹤0.01%
88,148
+14,644
+20% +$80.4K
INVZ icon
1303
CALL
Innoviz Technologies
INVZ
$139M
$347K ﹤0.01%
406,800
+267,500
+192% +$423K
FTDR icon
1304
Frontdoor
FTDR
$5.1B
$346K ﹤0.01%
6,000
– –
PPLI
1305
People Inc
PPLI
$3.15B
$346K ﹤0.01%
+8,851
New +$310K
VTYX
1306
CALL
DELISTED
Ventyx Biosciences
VTYX
$345K ﹤0.01%
+38,200
New +$285K
VTYX
1307
PUT
DELISTED
Ventyx Biosciences
VTYX
$345K ﹤0.01%
+38,200
New +$285K
GPRE icon
1308
Green Plains
GPRE
$1.15B
$343K ﹤0.01%
35,000
-21,597
-38% -$217K
GRND icon
1309
PUT
Grindr
GRND
$2.75B
$339K ﹤0.01%
+25,000
New +$340K
NAMS icon
1310
NewAmsterdam Pharma
NAMS
$3.53B
$334K ﹤0.01%
+9,528
New +$347K
MVIS icon
1311
CALL
Microvision
MVIS
$88.8M
$331K ﹤0.01%
400,000
-300,000
-43% -$319K
CRON
1312
CALL
Cronos Group
CRON
$1.07B
$331K ﹤0.01%
125,900
+25,900
+26% +$67K
PATH icon
1313
UiPath
PATH
$6.02B
$328K ﹤0.01%
+20,000
New +$311K
MTX icon
1314
Minerals Technologies
MTX
$2.29B
$328K ﹤0.01%
+5,375
New +$318K
SABR icon
1315
PUT
Sabre
SABR
$704M
$326K ﹤0.01%
240,000
– –
WVE icon
1316
PUT
Wave Life Sciences
WVE
$1.14B
$326K ﹤0.01%
+19,200
New +$195K
DOCN icon
1317
DigitalOcean
DOCN
$14.1B
$325K ﹤0.01%
6,750
-61,350
-90% -$2.7M
GNRC icon
1318
Generac Holdings
GNRC
$11.6B
$314K ﹤0.01%
2,300
-8,200
-78% -$1.32M
NTNX icon
1319
Nutanix
NTNX
$15.4B
$310K ﹤0.01%
6,000
-17,000
-74% -$1.04M
LEN icon
1320
Lennar Class A
LEN
$20.5B
$308K ﹤0.01%
+3,000
New +$362K
APPN icon
1321
Appian
APPN
$1.88B
$308K ﹤0.01%
8,697
– –
PLAY icon
1322
Dave & Buster's
PLAY
$363M
$306K ﹤0.01%
18,906
+4,753
+34% +$79.5K
NAGE
1323
CALL
Niagen Bioscience
NAGE
$257M
$305K ﹤0.01%
+48,000
New +$334K
CLB icon
1324
CALL
Core Laboratories
CLB
$518M
$305K ﹤0.01%
+19,000
New +$283K
SGHC icon
1325
SGHC Ltd
SGHC
$7.45B
$301K ﹤0.01%
+25,200
New +$303K
51 52
53
54 55

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.