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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
BBWI icon
1576
Bath & Body Works
BBWI
$4.12B
– –
-137,022
Closed -$3.53M
BBWI icon
1577
PUT
Bath & Body Works
BBWI
$4.12B
– –
-909,000
Closed -$23.4M
BCE icon
1578
BCE
BCE
$20B
– –
-62,000
Closed -$1.45M
BE icon
1579
Bloom Energy
BE
$51.2B
– –
-16,675
Closed -$1.75M
BEAM icon
1580
PUT
Beam Therapeutics
BEAM
$2.62B
– –
-170,000
Closed -$4.13M
BHC icon
1581
PUT
Bausch Health
BHC
$1.71B
– –
-417,000
Closed -$2.69M
BHF icon
1582
CALL
Brighthouse Financial
BHF
$3.64B
– –
-100,000
Closed -$5.31M
BHF icon
1583
Brighthouse Financial
BHF
$3.64B
– –
-29,536
Closed -$1.57M
BHF icon
1584
PUT
Brighthouse Financial
BHF
$3.64B
– –
-29,600
Closed -$1.57M
BHVN icon
1585
Biohaven
BHVN
$2.17B
– –
-627,862
Closed -$7.78M
BIDU icon
1586
CALL
Baidu
BIDU
$36.4B
– –
-15,000
Closed -$1.98M
BILI icon
1587
CALL
Bilibili
BILI
$7.57B
– –
-100,000
Closed -$2.81M
BIRK icon
1588
Birkenstock
BIRK
$7.59B
– –
-30,714
Closed -$1.39M
BJRI icon
1589
BJ's Restaurants
BJRI
$1.42B
– –
-41,510
Closed -$1.27M
BKE icon
1590
CALL
Buckle
BKE
$2.24B
– –
-95,000
Closed -$5.57M
BKKT.WS icon
1591
Bakkt Inc Warrants
BKKT.WS
$286K
– –
-7,500
Closed -$3.38K
SRTA
1592
PUT
Strata Critical Medical Inc
SRTA
$437M
– –
-173,400
Closed -$877K
BLND icon
1593
PUT
Blend Labs
BLND
$424M
– –
-385,200
Closed -$1.41M
BMRN icon
1594
CALL
BioMarin Pharmaceuticals
BMRN
$11.8B
– –
-52,000
Closed -$2.82M
BP icon
1595
CALL
BP
BP
$110B
– –
-435,000
Closed -$15M
BRBR icon
1596
CALL
BellRing Brands
BRBR
$1.55B
– –
-1,500
Closed -$54.5K
BRZE icon
1597
CALL
Braze
BRZE
$2.69B
– –
-10,000
Closed -$284K
BRZE icon
1598
PUT
Braze
BRZE
$2.69B
– –
-10,000
Closed -$284K
BSY icon
1599
Bentley Systems
BSY
$10.1B
– –
-12,500
Closed -$644K
BSY icon
1600
PUT
Bentley Systems
BSY
$10.1B
– –
-34,800
Closed -$1.79M
62 63
64
65 66

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.