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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
EYE icon
1726
CALL
National Vision
EYE
$1.6B
– –
-200,000
Closed -$5.84M
EYE icon
1727
PUT
National Vision
EYE
$1.6B
– –
-100,000
Closed -$2.92M
EYPT icon
1728
EyePoint Inc
EYPT
$1.02B
– –
-17,000
Closed -$242K
EYPT icon
1729
PUT
EyePoint Inc
EYPT
$1.02B
– –
-120,000
Closed -$1.71M
FAST icon
1730
Fastenal
FAST
$54B
– –
-10,000
Closed -$490K
FAST icon
1731
PUT
Fastenal
FAST
$54B
– –
-55,000
Closed -$2.7M
FBRT
1732
CALL
Franklin BSP Realty Trust
FBRT
$601M
– –
-400,000
Closed -$4.34M
FERG icon
1733
Ferguson
FERG
$44.7B
– –
-13,455
Closed -$3.02M
FFIV icon
1734
F5
FFIV
$22.1B
– –
-8,000
Closed -$2.59M
FFIV icon
1735
PUT
F5
FFIV
$22.1B
– –
-15,000
Closed -$4.85M
FISV
1736
PUT
Fiserv Inc
FISV
$27.2B
– –
-69,100
Closed -$8.91M
FITB
1737
CALL
Fifth Third Bancorp
FITB
$52B
– –
-35,100
Closed -$1.56M
FIZZ icon
1738
National Beverage
FIZZ
$2.87B
– –
-10,720
Closed -$396K
FLNG icon
1739
FLEX LNG
FLNG
$1.67B
– –
-5,156
Closed -$130K
FLNC icon
1740
PUT
Fluence Energy
FLNC
$1.78B
– –
-150,000
Closed -$1.62M
FLO icon
1741
Flowers Foods
FLO
$1.64B
– –
-361
Closed -$4.71K
FLS icon
1742
Flowserve
FLS
$9.25B
– –
-27,306
Closed -$1.45M
FLYW icon
1743
CALL
Flywire
FLYW
$1.96B
– –
-45,000
Closed -$609K
FLYW icon
1744
Flywire
FLYW
$1.96B
– –
-120
Closed -$1.63K
FLYW icon
1745
PUT
Flywire
FLYW
$1.96B
– –
-105,000
Closed -$1.42M
FOA icon
1746
PUT
Finance of America Companies
FOA
$204M
– –
-21,000
Closed -$471K
FOLD
1747
DELISTED
Amicus Therapeutics
FOLD
– –
-11,100
Closed -$109K
FOLD
1748
PUT
DELISTED
Amicus Therapeutics
FOLD
– –
-50,000
Closed -$394K
FPI
1749
Farmland Partners
FPI
$419M
– –
-39,360
Closed -$428K
FROG icon
1750
JFrog
FROG
$9.71B
– –
-11,700
Closed -$554K
68 69
70
71 72

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.