Caption Management, LLC

CIK

1706766

Location

OKLAHOMA CITY, OK

Portfolio Value

Small $224,893,020

Diversification

Diversified

Filing Date

Global Rank

#209 / 8,232 ▲ 68

Top Industry

Biotechnology 14.6%

3Y Alpha vs SPY

+3.5%

Period ended 3 months ago

Filed May 15, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+89.9%

SPY

+74.2%

Annualised alpha

+3.5%

Max drawdown

−28.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

817 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.9%

+4.0 pts

Top 5

22.8%

+9.1 pts

Top 10

32.7%

+10.0 pts

HHI

163

Diversified+77

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	27.1%	$4,340,766,869	212
Communication Services	18.4%	$2,941,987,488	37
Technology	16.2%	$2,592,142,478	139
Consumer Cyclical	12.5%	$1,998,405,987	78
Financial Services	7.2%	$1,158,345,109	80
Industrials	5.9%	$945,859,314	67
Energy	5.0%	$799,306,675	60
Basic Materials	3.7%	$596,037,744	69
Consumer Defensive	2.0%	$316,032,976	31
Utilities	1.4%	$224,893,020	15
Real Estate	0.6%	$91,636,227	26
Unclassified	0.2%	$26,815,587	3

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
OWL	Blue Owl Capital Inc.	+33,982,632	38,168,355	$348,477,081
WBD	Warner Bros. Discovery, Inc.	+7,263,200	17,342,400	$476,222,304
ADMA	Adma Biologics, Inc.	+2,971,200	3,333,700	$30,036,637
FLG	Flagstar Bank, National Association	+2,654,200	3,071,300	$40,449,021
KALV	KalVista Pharmaceuticals, Inc.	+2,312,093	2,430,000	$48,915,900
HRTX	Heron Therapeutics, Inc. /De/	+2,074,581	2,413,681	$1,930,944
IMCR	Immunocore Holdings plc	+1,814,902	1,934,286	$58,318,722
TEVA	Teva Pharmaceutical Industries Ltd	+1,809,558	2,044,058	$61,567,026
NEXT	NextDecade Corp	+1,719,922	1,894,922	$14,515,102
DKNG	DraftKings Inc.	+1,542,887	2,092,387	$45,237,406
QURE	uniQure N.V.	+1,495,554	2,525,231	$41,287,526
CGON	CG Oncology, Inc.	+1,449,634	2,758,880	$186,720,998
CWAN	Clearwater Analytics Holdings, Inc.	+1,377,665	2,423,800	$57,322,870
ALIT	Alight, Inc. / Delaware	+1,344,200	4,895,600	$2,854,134
CYTK	Cytokinetics Inc	+1,333,501	1,856,600	$122,368,506
EQX	Equinox Gold Corp.	+1,232,000	2,246,000	$32,477,160
NVDA	Nvidia Corp	+1,171,600	3,978,700	$693,885,280
SLNO	Soleno Therapeutics Inc	+1,154,743	1,589,343	$53,211,203
TERN	Terns Pharmaceuticals, Inc.	+1,133,400	1,228,000	$64,740,160
PINS	Pinterest, Inc.	+1,100,000	1,200,000	$22,008,000
DHT	DHT Holdings, Inc.	+1,099,200	1,118,200	$20,429,514
WMB	Williams Companies, Inc.	+1,083,400	1,369,300	$99,657,654
BSX	Boston Scientific Corp	+1,059,100	1,881,600	$118,070,400
GXO	GXO Logistics, Inc.	+1,053,800	1,138,800	$59,046,780
PTON	Peloton Interactive, Inc.	+1,050,850	1,096,450	$4,703,770
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NNDM	Nano Dimension Ltd.	−7,584,574	2,075,300	$3,528,010
WULF	Terawulf Inc.	−5,380,936	5,620,800	$81,108,144
SOC	Sable Offshore Corp.	−5,025,947	487,600	$8,055,152
RUN	Sunrun Inc.	−4,497,215	1,796,485	$24,360,336
COMP	Compass, Inc.	−3,342,670	13,200	$96,492
CMG	Chipotle Mexican Grill Inc	−2,623,380	836,020	$26,761,000
CZR	Caesars Entertainment, Inc.	−2,321,997	1,063,939	$28,119,907
EOSE	Eos Energy Enterprises, Inc.	−2,244,327	5,938,100	$29,452,976
RCUS	Arcus Biosciences, Inc.	−1,853,065	76,033	$1,642,312
NUVB	Nuvation Bio Inc.	−1,734,700	800,000	$3,432,000
IREN	IREN Ltd	−1,723,760	1,287,000	$44,118,360
OSG	Octave Specialty Group Inc	−1,388,797	1,028,497	$4,782,511
ERAS	Erasca, Inc.	−1,374,900	612,500	$9,910,250
BHVN	Biohaven Ltd.	−1,290,661	410,339	$3,471,467
VSAT	Viasat Inc	−1,263,623	25,000	$1,145,000
FHN	First Horizon Corp	−1,059,132	118,688	$2,701,338
OSCR	Oscar Health, Inc.	−1,048,193	151,407	$1,736,638
LQDA	Liquidia Corp	−1,039,738	366,600	$13,835,484
URGN	UroGen Pharma Ltd.	−995,876	4,124	$74,149
BMY	Bristol Myers Squibb Co	−967,700	495,000	$30,021,750
HL	Hecla Mining Co/De/	−949,300	100,000	$1,863,000
RMNI	Rimini Street, Inc.	−937,860	1,300,000	$4,264,000
NVO	Novo Nordisk A S	−879,571	335,600	$12,333,300
XPOF	Xponential Fitness, Inc.	−850,480	42,200	$254,044
RIOT	Riot Platforms, Inc.	−848,746	456,454	$5,641,771
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
META	Meta Platforms, Inc.	2,212,500	$1,265,837,625
EA	Electronic Arts Inc.	1,706,700	$347,944,929
MDGL	Madrigal Pharmaceuticals, Inc.	140,000	$73,285,800
CI	Cigna Group	273,000	$72,822,750
VRSK	Verisk Analytics, Inc.	300,000	$56,925,000
SWK	Stanley Black & Decker, Inc.	623,363	$44,296,174
MASI	Masimo Corp	232,900	$41,425,923
CVX	Chevron Corp	200,000	$41,380,000
ELVN	Enliven Therapeutics, Inc.	956,500	$37,494,800
APGE	Apogee Therapeutics, Inc.	395,400	$33,280,818
GE	General Electric Co	114,000	$32,349,780
CRL	Charles River Laboratories International, Inc.	169,000	$29,152,500
APH	Amphenol Corp /De/	223,000	$28,176,050
ADBE	Adobe Inc.	111,500	$27,103,420
VRTX	Vertex Pharmaceuticals Inc / Ma	60,200	$26,881,708
DHR	Danaher Corp /De/	136,200	$25,823,520
AVAV	AeroVironment Inc	137,344	$25,140,819
PBR	Petrobras - Petroleo Brasileiro SA	1,152,000	$23,904,000
HOOD	Robinhood Markets, Inc.	335,000	$23,215,500
RTX	RTX Corp	120,000	$23,148,000
NYT	New York Times Co	275,000	$23,025,750
OMC	Omnicom Group Inc.	300,000	$22,593,000
HRMY	Harmony Biosciences Holdings, Inc.	772,292	$21,631,898
FICO	Fair Isaac Corp	20,100	$21,457,554
CRBG	Corebridge Financial, Inc.	882,900	$21,065,994
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	940,000	$255,548,400
LLY	ELI LILLY & Co	111,440	$119,762,348
MSTR	Strategy Inc	590,000	$89,650,500
EXAS	EXACT SCIENCES CORP	648,879	$65,900,151
LW	Lamb Weston Holdings, Inc.	1,363,271	$57,107,422
GMED	Globus Medical Inc	547,400	$47,793,494
CM	Canadian Imperial Bank Of Commerce /Can/	522,400	$47,334,664
GD	General Dynamics Corp	140,565	$47,322,612
PLNT	Planet Fitness, Inc.	358,300	$38,864,801
BCH	Bank Of Chile	944,941	$35,907,758
RH	Rh	179,540	$32,164,591
SQM	Chemical & Mining Co Of Chile Inc	461,682	$31,763,721
LAD	Lithia Motors Inc	93,200	$30,973,156
AMBA	Ambarella Inc	420,500	$29,788,220
NBIS	Nebius Group N.V.	350,800	$29,363,713
DHI	Horton D R Inc /De/	189,000	$27,221,670
URI	United Rentals, Inc.	33,500	$27,112,220
QCOM	Qualcomm Inc/De	134,890	$23,072,934
IMAX	Imax Corp	584,800	$21,614,208
NXT	Nextpower Inc.	242,200	$21,098,042
LULU	lululemon athletica inc.	100,000	$20,781,000
GEHC	GE HealthCare Technologies Inc.	252,600	$20,718,252
IAG	Iamgold Corp	1,175,500	$19,383,995
INSP	Inspire Medical Systems, Inc.	190,200	$17,542,146
MSM	Msc Industrial Direct Co Inc	195,000	$16,399,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

15 positions · $224,893,020 total · Utilities only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CEG	Constellation Energy Corp Utilities	Added	574,023	+540,273	$160,295,922	+1244.4%	71.28%
VST	Vistra Corp. Utilities	Reduced	112,000	-269,500	$16,836,960	−72.6%	7.49%
NRG	Nrg Energy, Inc. Utilities	NEW	90,000	NEW	$13,152,600	NEW	5.85%
AES	Aes Corp Utilities	Added	720,400	+226,400	$10,150,436	+43.3%	4.51%
DUK	Duke Energy CORP Utilities	Added	50,000	+42,100	$6,547,000	+607.1%	2.91%
FLNC	Fluence Energy, Inc. Utilities	Added	365,000	+260,000	$5,022,400	+141.8%	2.23%
OKLO	Oklo Inc. Utilities	Added	74,900	+15,700	$3,714,291	−12.6%	1.65%
ES	Eversource Energy Utilities	NEW	50,000	NEW	$3,464,000	NEW	1.54%
PPL	PPL Corp Utilities	NEW	50,000	NEW	$1,910,000	NEW	0.85%
FE	Firstenergy Corp Utilities	Held	30,000	0	$1,519,800	+13.2%	0.68%
CDZI	Cadiz Inc Utilities	Reduced	180,000	-307,345	$883,800	−67.7%	0.39%
CTRI	Centuri Holdings, Inc. Utilities	NEW	22,500	NEW	$657,225	NEW	0.29%
HNRG	Hallador Energy Co Utilities	NEW	28,420	NEW	$462,677	NEW	0.21%
TAC	Transalta Corp Utilities	NEW	12,245	NEW	$160,409	NEW	0.07%
NRGV	Energy Vault Holdings, Inc. Utilities	NEW	35,000	NEW	$115,500	NEW	0.05%