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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
YOU icon
1501
CALL
Clear Secure
YOU
$5.43B
$10.5K ﹤0.01%
300
-69,700
-100% -$2.37M
KOPN icon
1502
Kopin
KOPN
$660M
$8.96K ﹤0.01%
3,830
-268,104
-99% -$774K
SIBN icon
1503
SI-BONE Inc
SIBN
$761M
$8.32K ﹤0.01%
+422
New +$7.33K
RH icon
1504
RH
RH
$3.4B
$7.17K ﹤0.01%
40
-8,660
-100% -$1.48M
ASTLW icon
1505
Algoma Steel Group Warrant
ASTLW
$201K
$3.34K ﹤0.01%
44,550
+41,075
+1,182% +$6.79K
GDEVW icon
1506
GDEV Inc Warrant
GDEVW
$60.8K
$3.05K ﹤0.01%
170,635
– –
TH icon
1507
Target Hospitality
TH
$1.53B
$2.85K ﹤0.01%
+356
New +$2.7K
STWD icon
1508
Starwood Property Trust
STWD
$6.14B
$2.13K ﹤0.01%
118
– –
RZLT icon
1509
Rezolute
RZLT
$473M
$1.42K ﹤0.01%
600
-86,201
-99% -$676K
LAZR
1510
DELISTED
Luminar Technologies
LAZR
$427 ﹤0.01%
+5,341
New +$6.99K
VAL.WS icon
1511
Valaris Ltd Warrants
VAL.WS
$699M
$116 ﹤0.01%
66
– –
MBI icon
1512
MBIA
MBI
$284M
$43 ﹤0.01%
6
-37,494
-100% -$271K
AA icon
1513
CALL
Alcoa
AA
$11.7B
– –
-25,000
Closed -$822K
AAOI icon
1514
Applied Optoelectronics
AAOI
$7.68B
– –
-3,700
Closed -$110K
AAOI icon
1515
PUT
Applied Optoelectronics
AAOI
$7.68B
– –
-40,300
Closed -$1.04M
AAON icon
1516
CALL
Aaon
AAON
$8.17B
– –
-18,800
Closed -$1.76M
AAON icon
1517
PUT
Aaon
AAON
$8.17B
– –
-18,800
Closed -$1.76M
ABBV icon
1518
CALL
AbbVie
ABBV
$457B
– –
-211,100
Closed -$48.9M
ABBV icon
1519
PUT
AbbVie
ABBV
$457B
– –
-198,000
Closed -$45.8M
ABEO icon
1520
CALL
Abeona Therapeutics
ABEO
$349M
– –
-435,000
Closed -$2.3M
ABT icon
1521
Abbott
ABT
$184B
– –
-3,000
Closed -$382K
ABT icon
1522
PUT
Abbott
ABT
$184B
– –
-56,000
Closed -$7.5M
ACHR icon
1523
CALL
Archer Aviation
ACHR
$3.73B
– –
-262,900
Closed -$2.52M
ADMA icon
1524
ADMA Biologics
ADMA
$1.99B
– –
-195,000
Closed -$3.29M
ADSK icon
1525
Autodesk
ADSK
$47.6B
– –
-3,000
Closed -$953K
59 60
61
62 63

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.