Caption Management, LLC

Q4 2025 13F-HR Holdings

Location
Oklahoma City, OK
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
1,512
Total value ($000)
$14,582,815
Net value change ($000)
+1,761,583 (13.7%)
New positions
197
Sold out positions
249
Turnover %
53.8%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
AAPL 127,774 NEW
NVDA 123,255 132.1%
GOOGL 71,291 133.8%
NFLX 71,267 NEW
MSFT 50,393 NEW
ORCL 32,425 1254.4%
AMD 32,124 NEW
BMY 29,004 NEW
CMG 22,677 8622.4%
INSM 22,613 188441.7%
Top Reduces (Value $000, Stocks/ETFs)
SATS -31,949 -100.0%
XLB -23,996 -100.0%
HPE -23,823 -100.0%
SLNO -23,063 -92.2%
QURE -22,509 -84.1%
TSLA -20,736 -13.3%
RVMD -14,703 -100.0%
IMCR -13,569 -80.6%
STZ -13,009 -100.0%
IMNM -12,073 -99.1%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 12,314,902 (84.4% 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