Q2 2026 13F · SEC CIK 1706766

Caption Management, LLC

Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $2.8B
Reported positions: 538
Top holdings a year, 3 yrs: +31.2%
Assets under management: $3.4B

Caption Management, LLC is a hedge fund that reported 538 positions worth $2.8B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Nvidia Corporation (NVDA, 13.0%), Taiwan Semiconductor Manufac (TSM, 9.5%), Microsoft Corp (MSFT, 6.8%). A portfolio copying its top holdings returned 31.2% a year over the last 3 years, against 22.3% for the S&P 500.

Caption Management, LLC holdings largest 50 of 538 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Caption Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
NVDANvidia Corporation	13.0%	12.5%	1,838,800	+22.0%	$367.9M
TSMTaiwan Semiconductor Manufac	9.5%	—	565,700	—	$270.2M
MSFTMicrosoft Corp	6.8%	0.4%	515,000	+1931.6%	$192.1M
TSLATesla Inc	5.9%	5.3%	397,700	+32.7%	$167.3M
OWLBlue Owl Capital Inc	4.9%	6.6%	15,995,905	+5.8%	$140.0M
AMZNAmazon Com Inc	3.6%	5.1%	428,000	-16.7%	$102.0M
CORZWCore Scientific Inc New	2.3%	1.5%	3,487,150	+0.0%	$65.6M
GOOGAlphabet Inc	2.3%	—	182,700	—	$64.6M
XLFSelect Sector Spdr Tr	2.2%	—	1,149,802	—	$61.6M
XLVSelect Sector Spdr Tr	1.9%	—	338,498	—	$53.7M
SNDKSandisk Corp	1.4%	0.6%	17,100	-6.5%	$38.9M
CGONCg Oncology Inc	1.2%	1.2%	484,461	+28.0%	$34.4M
KRESpdr Series Trust	1.0%	—	394,944	—	$29.6M
TTWOTake-Two Interactive Softwar	0.9%	2.5%	102,300	-60.8%	$25.6M
INSMInsmed Inc	0.9%	—	236,000	—	$25.2M
XLBSelect Sector Spdr Tr	0.9%	0.7%	485,000	+64.7%	$24.7M
XHBSpdr Series Trust	0.7%	—	166,554	—	$19.2M
ERASErasca, Inc.	0.7%	—	1,041,225	—	$19.1M
CELCCelcuity Inc	0.6%	—	170,000	—	$17.8M
DSGNDesign Therapeutics, Inc.	0.6%	—	1,118,098	—	$16.2M
METAMeta Platforms Inc	0.5%	3.1%	27,100	-75.9%	$15.3M
JNJJohnson & Johnson	0.5%	1.0%	60,000	-31.5%	$15.2M
MDBMongodb Inc	0.5%	—	42,250	—	$14.2M
SMHVaneck ETF Trust	0.5%	0.5%	21,220	-14.5%	$13.9M
ROSTRoss Stores Inc	0.5%	—	65,000	—	$13.8M
BSXBoston Scientific Corp	0.5%	1.1%	312,050	-16.7%	$13.3M
UNMUnum Group	0.5%	—	147,614	—	$13.2M
SNPSSynopsys Inc	0.5%	—	29,000	—	$12.9M
DOCNDigitalocean Hldgs Inc	0.5%	—	81,481	—	$12.8M
CSCOCisco Sys Inc	0.4%	—	107,700	—	$12.7M
GILDGilead Sciences Inc	0.4%	—	100,000	—	$12.6M
DDOGDatadog Inc	0.4%	—	46,700	—	$12.2M
PRMBPrimo Brands Corporation Class A Com Shs	0.4%	—	494,747	—	$12.1M
BABoeing Co	0.4%	—	53,200	—	$11.5M
BACBank of Amer Corp	0.4%	—	200,000	—	$11.4M
MLYSMineralys Therapeutics Inc	0.4%	—	413,087	—	$11.1M
LLYEli Lilly & Co	0.4%	—	9,100	—	$10.9M
GEOGeo Group Inc	0.4%	—	368,635	—	$10.9M
CODICompass Diversified Holdings	0.4%	—	1,010,000	—	$10.8M
CMPSCompass Pathways PLC	0.4%	0.4%	756,116	-53.0%	$10.7M
CRCLCircle Internet Group Inc	0.4%	—	166,250	—	$10.4M
IRENIren Limited	0.4%	—	227,459	—	$10.4M
MSMorgan Stanley	0.4%	—	49,400	—	$10.3M
USBUS Bancorp	0.3%	—	160,000	—	$9.7M
XOPSpdr Series Trust	0.3%	—	61,700	—	$9.5M
BLDTopbuild Cor	0.3%	—	26,650	—	$9.4M
XPERXperi Inc	0.3%	—	1,110,615	—	$9.1M
MTCHMatch Group Inc.	0.3%	—	235,000	—	$8.9M
TEVATeva Pharmaceutical Inds Ltd	0.3%	0.4%	258,331	-7.8%	$8.8M
REPLReplimune Group Inc	0.3%	—	783,873	—	$8.7M

What Caption Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +21.1% /yr; S&P 500 +11.7%
3 years: +31.2% /yr; S&P 500 +22.3%
5 years: +11.1% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$2.8B	538
Q1 2026	$2.1B	533
Q4 2025	$2.3B	539
Q3 2025	$1.7B	589
Q2 2025	$1.1B	494
Q1 2025	$2.2B	511
Q4 2024	$2.4B	505
Q3 2024	$931.9M	422
Q2 2024	$943.9M	391
Q1 2024	$907.7M	365
Q4 2023	$919.4M	436
Q3 2023	$774.3M	408

Questions about Caption Management, LLC's portfolio

What stocks does Caption Management, LLC own?

Caption Management, LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 538 positions worth $2.8B. The largest are Nvidia Corporation (NVDA) at 13.0%, Taiwan Semiconductor Manufac (TSM) at 9.5%, Microsoft Corp (MSFT) at 6.8%, Tesla Inc (TSLA) at 5.9% and Blue Owl Capital Inc (OWL) at 4.9%.

What did Caption Management, LLC buy last quarter?

In Q2 2026, Caption Management, LLC added Microsoft Corp (MSFT) (+1931.6% shares), Select Sector Spdr Tr (XLB) (+64.7% shares) and Tesla Inc (TSLA) (+32.7% shares), compared with its Q1 2026 filing.

What did Caption Management, LLC sell last quarter?

In Q2 2026, Caption Management, LLC cut from its top 50 United Therapeutics Corp Del (UTHR), cut from its top 50 Planet Labs Pbc, cut from its top 50 Alphabet Inc (GOOGL), cut from its top 50 Global X Cybersecurity ETF (BUG), cut from its top 50 Netflix Inc. (NFLX), Meta Platforms Inc (META) (-75.9% shares), Take-Two Interactive Softwar (TTWO) (-60.8% shares) and Compass Pathways PLC (CMPS) (-53.0% shares), compared with its Q1 2026 filing.

How has Caption Management, LLC's portfolio performed?

A portfolio copying Caption Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +31.2% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +21.1% against +11.7%. Over 5 years: +11.1% a year against +10.6%.

When is Caption Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Caption Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Caption Management, LLC manage?

Caption Management, LLC reported $3.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $2.8B.