We are live on ! Find out more
CM

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
IR icon
1826
PUT
Ingersoll Rand
IR
$33B
– –
-40,000
Closed -$3.3M
IRM icon
1827
Iron Mountain
IRM
$38.2B
– –
-6,400
Closed -$652K
IRM icon
1828
PUT
Iron Mountain
IRM
$38.2B
– –
-50,000
Closed -$5.1M
IRON icon
1829
CALL
Disc Medicine
IRON
$2.83B
– –
-7,600
Closed -$502K
ITW icon
1830
CALL
Illinois Tool Works
ITW
$81.4B
– –
-50,000
Closed -$13M
IVZ icon
1831
PUT
Invesco
IVZ
$13.3B
– –
-10,000
Closed -$229K
J icon
1832
Jacobs Solutions
J
$15.9B
– –
-2,600
Closed -$390K
JAZZ icon
1833
CALL
Jazz Pharmaceuticals
JAZZ
$15.9B
– –
-256,200
Closed -$33.8M
JCI icon
1834
CALL
Johnson Controls International
JCI
$87.5B
– –
-4,100
Closed -$451K
JCI icon
1835
Johnson Controls International
JCI
$87.5B
– –
-1,000
Closed -$110K
JD icon
1836
PUT
JD.com
JD
$40.8B
– –
-82,500
Closed -$2.89M
JELD icon
1837
JELD-WEN Holding
JELD
$94.8M
– –
-58,164
Closed -$191K
JOBY icon
1838
CALL
Joby Aviation
JOBY
$6.82B
– –
-25,000
Closed -$404K
JPM icon
1839
CALL
JPMorgan Chase
JPM
$939B
– –
-36,000
Closed -$11.4M
JPM icon
1840
PUT
JPMorgan Chase
JPM
$939B
– –
-46,000
Closed -$14.5M
K
1841
CALL
DELISTED
Kellanova
K
– –
-100
Closed -$8.2K
K
1842
PUT
DELISTED
Kellanova
K
– –
-1,176,300
Closed -$96.5M
KALV
1843
CALL
DELISTED
KalVista Pharmaceuticals
KALV
– –
-581,600
Closed -$7.08M
KALV
1844
PUT
DELISTED
KalVista Pharmaceuticals
KALV
– –
-864,600
Closed -$10.5M
KDP icon
1845
PUT
Keurig Dr Pepper
KDP
$40.4B
– –
-90,000
Closed -$2.3M
KGC icon
1846
Kinross Gold
KGC
$28.5B
– –
-100,000
Closed -$2.6M
KIDS icon
1847
OrthoPediatrics
KIDS
$485M
– –
-2,892
Closed -$53.6K
KLAC icon
1848
PUT
KLA
KLAC
$275B
– –
-140,000
Closed -$15.1M
KNSA icon
1849
PUT
Kiniksa Pharmaceuticals
KNSA
$4.83B
– –
-90,000
Closed -$3.49M
KNX icon
1850
Knight Transportation
KNX
$11.8B
– –
-5,000
Closed -$234K
72 73
74
75 76

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.