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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
AOUT icon
1551
American Outdoor Brands
AOUT
$157M
– –
-24,433
Closed -$212K
APD icon
1552
CALL
Air Products & Chemicals
APD
$65.1B
– –
-71,500
Closed -$19.5M
APGE icon
1553
CALL
Apogee Therapeutics
APGE
$10.2B
– –
-110,500
Closed -$4.39M
APGE icon
1554
Apogee Therapeutics
APGE
$10.2B
– –
-4,800
Closed -$191K
APP icon
1555
CALL
Applovin
APP
$137B
– –
-335,000
Closed -$241M
ARCT icon
1556
CALL
Arcturus Therapeutics
ARCT
$163M
– –
-83,500
Closed -$1.54M
ARCT icon
1557
Arcturus Therapeutics
ARCT
$163M
– –
-58,464
Closed -$1.08M
ARCT icon
1558
PUT
Arcturus Therapeutics
ARCT
$163M
– –
-305,400
Closed -$5.63M
AREC icon
1559
CALL
American Resources Corp
AREC
$184M
– –
-17,500
Closed -$47.3K
ARGX icon
1560
PUT
argenx
ARGX
$56.2B
– –
-3,500
Closed -$2.58M
ARVN icon
1561
CALL
Arvinas
ARVN
$533M
– –
-129,800
Closed -$1.11M
ASMB icon
1562
CALL
Assembly Biosciences
ASMB
$519M
– –
-349,800
Closed -$8.95M
ASO icon
1563
CALL
Academy Sports + Outdoors
ASO
$3.08B
– –
-900
Closed -$45K
ASO icon
1564
PUT
Academy Sports + Outdoors
ASO
$3.08B
– –
-290,000
Closed -$14.5M
ASPI icon
1565
PUT
ASP Isotopes
ASPI
$487M
– –
-132,000
Closed -$1.27M
AUPH icon
1566
Aurinia Pharmaceuticals
AUPH
$1.98B
– –
-4,330
Closed -$61.4K
AUR icon
1567
PUT
Aurora
AUR
$11.9B
– –
-50,000
Closed -$270K
AVTR icon
1568
Avantor
AVTR
$7.97B
– –
-67,700
Closed -$833K
AXS icon
1569
CALL
AXIS Capital
AXS
$8.65B
– –
-14,000
Closed -$1.34M
AZN icon
1570
CALL
AstraZeneca
AZN
$264B
– –
-8,100
Closed -$1.24M
BA icon
1571
Boeing
BA
$167B
– –
-13,100
Closed -$2.69M
BABA icon
1572
Alibaba
BABA
$274B
– –
-33,500
Closed -$5.46M
BAX icon
1573
Baxter International
BAX
$12B
– –
-30,000
Closed -$600K
BAX icon
1574
PUT
Baxter International
BAX
$12B
– –
-268,000
Closed -$6.1M
BBAI icon
1575
BigBear.ai
BBAI
$1.36B
– –
-20,000
Closed -$130K
61 62
63
64 65

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.