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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
1326
Abeona Therapeutics
ABEO
$349M
$301K ﹤0.01%
+57,031
New +$287K
CRNC icon
1327
Cerence
CRNC
$375M
$299K ﹤0.01%
+27,951
New +$307K
BZ icon
1328
Kanzhun
BZ
$7.03B
$293K ﹤0.01%
14,375
– –
CRON
1329
PUT
Cronos Group
CRON
$1.07B
$289K ﹤0.01%
110,000
-2,525,000
-96% -$6.53M
FUBO icon
1330
CALL
FuboTV Inc
FUBO
$256M
$289K ﹤0.01%
+9,550
New +$381K
SHAK icon
1331
Shake Shack
SHAK
$2.48B
$286K ﹤0.01%
3,529
– –
ULCC icon
1332
Frontier Group Holdings
ULCC
$1.4B
$282K ﹤0.01%
59,900
+9,900
+20% +$43.9K
ELF icon
1333
e.l.f. Beauty
ELF
$4.95B
$282K ﹤0.01%
+3,703
New +$364K
PTON icon
1334
Peloton Interactive
PTON
$2.71B
$281K ﹤0.01%
45,600
-176,300
-79% -$1.24M
NXE icon
1335
PUT
NexGen Energy
NXE
$6.17B
$276K ﹤0.01%
+30,000
New +$265K
NAT icon
1336
PUT
Nordic American Tanker
NAT
$1.37B
$275K ﹤0.01%
80,000
+55,000
+220% +$194K
CENX icon
1337
PUT
Century Aluminum
CENX
$4.44B
$274K ﹤0.01%
+7,000
New +$219K
DCO icon
1338
Ducommun
DCO
$2.77B
$272K ﹤0.01%
+2,859
New +$266K
CRNT icon
1339
Ceragon Networks
CRNT
$197M
$270K ﹤0.01%
128,751
-3,632
-3% -$8.1K
ALT icon
1340
Altimmune
ALT
$576M
$269K ﹤0.01%
74,438
-55,562
-43% -$242K
VIAV icon
1341
Viavi Solutions
VIAV
$9.41B
$267K ﹤0.01%
+15,000
New +$242K
MGNI icon
1342
Magnite
MGNI
$2.73B
$263K ﹤0.01%
+16,200
New +$269K
TEM
1343
Tempus AI
TEM
$7.73B
$254K ﹤0.01%
4,300
-2,500
-37% -$196K
FLG
1344
Flagstar Bank National Association
FLG
$5.74B
$252K ﹤0.01%
20,000
-56,750
-74% -$678K
UPWK icon
1345
Upwork
UPWK
$1.14B
$250K ﹤0.01%
12,626
-1,074
-8% -$19.7K
JELD icon
1346
CALL
JELD-WEN Holding
JELD
$99.9M
$248K ﹤0.01%
+101,000
New +$332K
ABM icon
1347
ABM Industries
ABM
$2.84B
$243K ﹤0.01%
+5,755
New +$253K
OCUL icon
1348
PUT
Ocular Therapeutix
OCUL
$1.89B
$243K ﹤0.01%
20,000
-160,000
-89% -$1.94M
FANG icon
1349
Diamondback Energy
FANG
$55.1B
$241K ﹤0.01%
1,600
– –
ARDX icon
1350
CALL
Ardelyx
ARDX
$1.25B
$240K ﹤0.01%
+41,200
New +$229K
52 53
54
55 56

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.