Institutional Manager · CIK 0001706766
Caption Management, LLC
OKLAHOMA CITY, OK · File #028-18495
Latest AUM
$14.58B
Positions
1,512
Top-10 Concentration
32.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | APPLOVIN CORP | 03831W108 | -335,000 | -$240.7M | $0 |
| REDUCE | INTUIT | INTU | -291,300 | -$193.0M | -$6.1M |
| ADD | WARNER BROS DISCOVERY INC | WBD | +4,793,507 | +$138.1M | +$2.9M |
| NEW | APPLE INC | AAPL | +470,000 | +$127.8M | $0 |
| ADD | NVIDIA CORPORATION | NVDA | +661,100 | +$123.3M | -$40,000 |
| REDUCE | COREWEAVE INC | CRWV | -1,710,000 | -$122.5M | -$113.0M |
| REDUCE | CARVANA CO | CVNA | -256,500 | -$108.2M | +$26.5M |
| EXITED | KELLANOVA | 487836108 | -1,176,300 | -$96.5M | $0 |
| NEW | NETFLIX INC | NFLX | +760,100 | +$71.3M | $0 |
| ADD | MARVELL TECHNOLOGY INC | MRVL | +734,200 | +$62.4M | +$14,378 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20251,512 pos · $14.58B
- 13F HOLDINGS REPORTQ/E Sep 20251,607 pos · $12.82B
- 13F HOLDINGS REPORTQ/E Jun 20251,379 pos · $9.03B
- 13F HOLDINGS REPORTQ/E Mar 20251,439 pos · $10.40B
- 13F HOLDINGS REPORTQ/E Dec 20241,418 pos · $10.58B
- 13F HOLDINGS REPORTQ/E Sep 20241,226 pos · $6.27B
- 13F HOLDINGS REPORTQ/E Jun 20241,114 pos · $6.49B
- 13F HOLDINGS REPORTQ/E Mar 20241,125 pos · $6.59B
- 13F HOLDINGS REPORTQ/E Dec 20231,240 pos · $6.49B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CARVANA CO | CVNA | 646,800 | $273.0M | 5.00% |
| 2 | NVIDIA CORPORATION | NVDA | 1,250,000 | $233.1M | 4.27% |
| 3 | NVIDIA CORPORATION | NVDA | 1,161,100 | $216.5M | 3.96% |
| 4 | INTUIT | INTU | 302,700 | $200.5M | 3.67% |
| 5 | WARNER BROS DISCOVERY INC | WBD | 5,104,700 | $147.1M | 2.69% |
| 6 | REDDIT INC | RDDT | 635,100 | $146.0M | 2.67% |
| 7 | WARNER BROS DISCOVERY INC | WBD | 4,974,500 | $143.4M | 2.62% |
| 8 | CARVANA CO | CVNA | 335,400 | $141.5M | 2.59% |
| 9 | TESLA INC | TSLA | 300,000 | $134.9M | 2.47% |
| 10 | TESLA INC | TSLA | 300,000 | $134.9M | 2.47% |
| 11 | AMAZON COM INC | AMZN | 575,000 | $132.7M | 2.43% |
| 12 | AMAZON COM INC | AMZN | 575,000 | $132.7M | 2.43% |
| 13 | APPLE INC | AAPL | 470,000 | $127.8M | 2.34% |
| 14 | APPLE INC | AAPL | 470,000 | $127.8M | 2.34% |
| 15 | ARK ETF TR | 00214Q104 | 1,656,400 | $127.4M | 2.33% |
| 16 | ALPHABET INC | GOOG | 397,000 | $124.6M | 2.28% |
| 17 | INTUIT | INTU | 183,900 | $121.8M | 2.23% |
| 18 | MICROSOFT CORP | MSFT | 250,000 | $120.9M | 2.21% |
| 19 | ALPHABET INC | GOOG | 378,700 | $118.8M | 2.18% |
| 20 | BOEING CO | BA-PA | 546,800 | $118.7M | 2.17% |