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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
FORR icon
1476
Forrester Research
FORR
$185M
$39.3K ﹤0.01%
+4,834
New +$38K
UWMC icon
1477
PUT
UWM Holdings
UWMC
$634M
$38.5K ﹤0.01%
+8,800
New +$47.3K
MDAIW icon
1478
Spectral AI Warrants
MDAIW
$5.73M
$37.6K ﹤0.01%
83,537
+20,000
+31% +$11.9K
STUB
1479
StubHub Holdings
STUB
$3.24B
$36.9K ﹤0.01%
+2,726
New +$42.9K
SKYH.WS icon
1480
Sky Harbour Group Warrants
SKYH.WS
$19.1M
$32.3K ﹤0.01%
50,000
– –
CNDT icon
1481
Conduent
CNDT
$242M
$31.9K ﹤0.01%
16,632
– –
BBBY.WS
1482
Bed Bath & Beyond Warrants
BBBY.WS
$31.6K ﹤0.01%
+47,824
New +$45.5K
BHC icon
1483
Bausch Health
BHC
$1.71B
$31K ﹤0.01%
4,464
-11,211
-72% -$73.7K
ASTL icon
1484
Algoma Steel
ASTL
$452M
$30.6K ﹤0.01%
+7,456
New +$29.7K
CHGG icon
1485
CALL
Chegg
CHGG
$109M
$27.9K ﹤0.01%
30,000
-170,000
-85% -$185K
AGI icon
1486
PUT
Alamos Gold
AGI
$12.4B
$27K ﹤0.01%
700
-200
-22% -$6.97K
IMUX icon
1487
CALL
Immunic
IMUX
$187M
$26.7K ﹤0.01%
5,000
– –
RPT
1488
Rithm Property Trust
RPT
$92.5M
$23.6K ﹤0.01%
+1,422
New +$21.8K
FTW.WS
1489
Presidio Production Co Warrants
FTW.WS
$22.4K ﹤0.01%
46,615
– –
TGE.WS
1490
The Generation Essentials Group Warrants
TGE.WS
$21K ﹤0.01%
140,127
– –
MREO
1491
Mereo BioPharma
MREO
$49.8M
$20.8K ﹤0.01%
50,000
-139,914
-74% -$266K
AIRS icon
1492
AirSculpt Technologies
AIRS
$322M
$20.6K ﹤0.01%
10,400
-9,421
-48% -$57.2K
CNC icon
1493
Centene
CNC
$31.9B
$20.6K ﹤0.01%
500
-3,000
-86% -$112K
EU
1494
enCore Energy
EU
$233M
$18.6K ﹤0.01%
7,500
-17,500
-70% -$50K
AUROW
1495
Aurora Innovation Warrant
AUROW
$366M
$15.4K ﹤0.01%
68,535
– –
UAMY icon
1496
United States Antimony
UAMY
$784M
$15.1K ﹤0.01%
+3,000
New +$23.6K
BLND icon
1497
Blend Labs
BLND
$426M
$14K ﹤0.01%
4,589
-150,878
-97% -$481K
RWT
1498
Redwood Trust
RWT
$621M
$13.8K ﹤0.01%
2,500
-14,825
-86% -$81.5K
VTGN icon
1499
VistaGen Therapeutics
VTGN
$9.28M
$11.1K ﹤0.01%
+16,770
New +$60.6K
PDYNW icon
1500
Palladyne AI Corp Warrants
PDYNW
$215K
$10.9K ﹤0.01%
178,604
– –
58 59
60
61 62

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.