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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
LULU icon
1876
lululemon athletica
LULU
$13B
– –
-31,700
Closed -$5.74M
LUMN icon
1877
CALL
Lumen
LUMN
$6.53B
– –
-415,000
Closed -$2.54M
LW icon
1878
CALL
Lamb Weston
LW
$6.82B
– –
-37,500
Closed -$2.18M
LXRX icon
1879
CALL
Lexicon Pharmaceuticals
LXRX
$1.02B
– –
-2,000,000
Closed -$2.7M
MA icon
1880
CALL
Mastercard
MA
$477B
– –
-15,000
Closed -$8.53M
MAMA icon
1881
Mama's Creations
MAMA
$825M
– –
-9,765
Closed -$112K
MDB icon
1882
MongoDB
MDB
$24B
– –
-18,600
Closed -$5.77M
MDB icon
1883
PUT
MongoDB
MDB
$24B
– –
-70,000
Closed -$21.7M
MDT icon
1884
Medtronic
MDT
$107B
– –
-11,700
Closed -$1.14M
META icon
1885
CALL
Meta Platforms (Facebook)
META
$1.51T
– –
-50,000
Closed -$36.7M
METC icon
1886
PUT
Ramaco Resources Class A
METC
$676M
– –
-367,600
Closed -$12.2M
MGM icon
1887
CALL
MGM Resorts International
MGM
$11.7B
– –
-50,000
Closed -$1.73M
MGY icon
1888
CALL
Magnolia Oil & Gas
MGY
$5.83B
– –
-445,200
Closed -$10.6M
MIRM icon
1889
CALL
Mirum Pharmaceuticals
MIRM
$6.89B
– –
-11,800
Closed -$865K
MLTX icon
1890
CALL
MoonLake Immunotherapeutics
MLTX
$1.59B
– –
-395,200
Closed -$2.83M
MLTX icon
1891
MoonLake Immunotherapeutics
MLTX
$1.59B
– –
-90,800
Closed -$651K
MLTX icon
1892
PUT
MoonLake Immunotherapeutics
MLTX
$1.59B
– –
-249,800
Closed -$1.79M
MLYS icon
1893
Mineralys Therapeutics
MLYS
$2.35B
– –
-13,000
Closed -$521K
MMS icon
1894
Maximus
MMS
$3.14B
– –
-9,000
Closed -$822K
MNDY icon
1895
monday.com
MNDY
$3.27B
– –
-10,286
Closed -$1.99M
MNDY icon
1896
PUT
monday.com
MNDY
$3.27B
– –
-80,000
Closed -$15.5M
MNKD icon
1897
MannKind Corp
MNKD
$1.28B
– –
-59,284
Closed -$318K
MNRO icon
1898
CALL
Monro
MNRO
$525M
– –
-50,000
Closed -$899K
MREO
1899
CALL
Mereo BioPharma
MREO
$45.9M
– –
-380,500
Closed -$784K
MRNA icon
1900
Moderna
MRNA
$21.5B
– –
-66,747
Closed -$1.81M
74 75
76
77 78

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.