Caption Management, LLC

Q3 2025 13F-HR Holdings

Location
Oklahoma City, OK
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
1,607
Total value ($000)
$12,821,232
Net value change ($000)
+3,786,499 (41.9%)
New positions
277
Sold out positions
208
Turnover %
65.6%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AMZN 126,253 NEW
NVDA 93,290 NEW
TSLA 60,354 63.3%
SATS 27,991 707.2%
VSAT 25,817 NEW
QURE 24,285 984.8%
SOC 23,524 1813.7%
HPE 20,954 730.4%
XLB 20,220 535.5%
IREN 19,763 2508.0%
Top Reduces (Value $000, Stocks/ETFs)
INSM -21,216 -99.9%
SKAA -20,062 -100.0%
REGN -16,380 -100.0%
KEL -14,974 -100.0%
INDA -14,068 -99.0%
GGAL -13,893 -100.0%
MA -13,318 -100.0%
SBUX -11,962 -99.7%
GILD -10,936 -66.4%
ARKK -10,874 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 11,101,596 (86.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type