Caption Management, LLC

CIK

1706766

City

OKLAHOMA CITY

State / Country

Stock

APLS — Apellis Pharmaceuticals, Inc.

Top Portfolio Positions

817 positions · $16,032,229,474 total · as of Mar 31, 2026

Ticker	Company	Shares	Value (USD)	% of Portfolio
META	Meta Platforms, Inc. Communication Services	2,212,500	$1,265,837,625	7.90%
NVDA	Nvidia Corp Technology	3,978,700	$693,885,280	4.33%
UTHR	UNITED THERAPEUTICS Corp Healthcare	1,151,645	$682,902,452	4.26%
CVNA	Carvana Co. Consumer Cyclical	1,717,100	$539,821,898	3.37%
WBD	Warner Bros. Discovery, Inc. Communication Services	17,342,400	$476,222,304	2.97%
AMZN	Amazon Com Inc Consumer Cyclical	2,013,750	$419,403,712	2.62%
OWL	Blue Owl Capital Inc. Financial Services	38,168,355	$348,477,081	2.17%
EA	Electronic Arts Inc. Communication Services	1,706,700	$347,944,929	2.17%
TSLA	Tesla, Inc. Consumer Cyclical	639,700	$237,808,475	1.48%
TTWO	Take Two Interactive Software Inc Communication Services	1,141,143	$225,375,742	1.41%

Portfolio Trend

25 quarters · across all stocks

Holdings in APLS

Compact Export CSV

Shares Held

Position Value (USD)

50 quarters on record

Report Date	Value (USD)	Shares	Change	Type	Discretion	Filed
2026-03-31	$2,554,605	63,500	0.0%	Put	Sole	2026-05-15
2026-03-31	$2,554,605	63,500	-89.5%	Call	Sole	2026-05-15
2025-12-31	$15,139,824	602,700	+849.1%	Call	Sole	2026-02-17
2025-12-31	$1,595,120	63,500	-75.1%	Put	Sole	2026-02-17
2025-12-31	$6,394,622	254,563	-16.5%	Shares	Sole	2026-02-17
2025-09-30	$6,902,150	305,000	-49.2%	Shares	Sole	2025-11-14
2025-09-30	$13,587,052	600,400	+785.5%	Call	Sole	2025-11-14
2025-09-30	$1,534,314	67,800	-70.6%	Put	Sole	2025-11-14
2025-06-30	$3,996,671	230,888	-55.2%	Shares	Sole	2025-08-14
2025-06-30	$8,914,650	515,000	+1616.7%	Call	Sole	2025-08-14
2025-03-31	$656,100	30,000	-78.6%	Put	Sole	2025-05-15
2025-03-31	$3,061,800	140,000	+1066.7%	Call	Sole	2025-05-15
2025-03-31	$262,440	12,000	-98.2%	Shares	Sole	2025-05-15
2024-12-31	$21,277,588	666,800	+679.9%	Call	Sole	2025-02-14
2024-12-31	$2,728,305	85,500	-60.4%	Put	Sole	2025-02-14
2024-09-30	$6,229,613	216,006	+260.0%	Shares	Sole	2024-11-14
2024-09-30	$1,730,400	60,000	-89.8%	Put	Sole	2024-11-14
2024-09-30	$17,015,600	590,000	+37.2%	Call	Sole	2024-11-14
2024-06-30	$16,494,800	430,000	+162.4%	Shares	Sole	2024-08-14
2024-06-30	$6,287,204	163,900	-83.7%	Put	Sole	2024-08-14
2024-06-30	$38,540,292	1,004,700	+1574.5%	Call	Sole	2024-08-14
2024-03-31	$3,526,800	60,000	0.0%	Call	Sole	2024-05-15
2024-03-31	$3,526,800	60,000	+93.5%	Put	Sole	2024-05-15
2024-03-31	$1,822,180	31,000	-87.0%	Shares	Sole	2024-05-15
2023-12-31	$14,324,498	239,300	-39.1%	Put	Sole	2024-02-14
2023-12-31	$23,526,835	393,031	+16.8%	Shares	Sole	2024-02-14
2023-12-31	$20,136,904	336,400	+31.9%	Call	Sole	2024-02-14
2023-09-30	$9,700,200	255,000	-56.6%	Put	Sole	2023-11-14
2023-09-30	$22,337,088	587,200	+114.9%	Call	Sole	2023-11-14
2023-09-30	$10,394,430	273,250	+110.2%	Shares	Sole	2023-11-14
2023-06-30	$11,843,000	130,000	+57935.7%	Put	Sole	2023-08-14
2023-06-30	$20,406	224	-99.9%	Shares	Sole	2023-08-14
2023-06-30	$15,077,050	165,500	-69.9%	Call	Sole	2023-08-14
2023-03-31	$36,310,980	550,500	+103.5%	Call	Sole	2023-05-15
2023-03-31	$17,842,180	270,500	+1491.2%	Put	Sole	2023-05-15
2022-12-31	$879,070	17,000	-75.7%	Shares	Sole	2023-02-14
2022-12-31	$3,619,700	70,000	+100.0%	Put	Sole	2023-02-14
2022-12-31	$1,809,850	35,000	-46.2%	Call	Sole	2023-02-14
2022-09-30	$4,439,500	65,000	-0.5%	Call	Sole	2022-11-14
2022-03-31	$3,317,893	65,300	-89.9%	Call	Sole	2022-05-13
2022-03-31	$32,960,447	648,700	+194.9%	Put	Sole	2022-05-13
2021-12-31	$10,401,600	220,000	0.0%	Shares	Sole	2022-02-11
2021-12-31	$10,401,600	220,000	+633.3%	Put	Sole	2022-02-11
2021-12-31	$1,418,400	30,000	-94.2%	Call	Sole	2022-02-11
2021-09-30	$17,168,864	520,900	-11.0%	Call	Sole	2021-11-12
2021-09-30	$19,291,488	585,300	+2629.6%	Put	Sole	2021-11-12
2021-09-30	$706,761	21,443	-88.4%	Shares	Sole	2021-11-12
2021-06-30	$11,692,000	185,000	+162.4%	Put	Sole	2021-08-16
2021-06-30	$4,455,600	70,500	-61.9%	Shares	Sole	2021-08-16
2021-06-30	$11,692,000	185,000	—	Call	Sole	2021-08-16
No 13F history on record for this holder in this stock.