Filed: 8/14/2025ACC: 0001706766-25-000006
📋 What this filing means
CAPTION MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 826 equity positions with a total reported market value of $9.03B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
826
Positions
$9.03B
Total AUM (reported)
252.05M
Total Shares
Allocation by class
COM$5.26B58.2%
CL A$1.09B12.1%
COM CL A$590.98M6.5%
COM NEW$345.72M3.8%
SPONSORED ADR$180.17M2.0%
SPONSORED ADS$162.53M1.8%
COMMON STOCK$160.89M1.8%
Portfolio Concentration
Top 3$1.14B12.6%
4–10$847.94M9.4%
11–25$1.08B12.0%
Rest$5.96B66.0%
Top 3 weight
12.6%
Top 10 weight
22.0%
Voting Authority Distribution
Total shares with voting rights: 252.05M
Sole
Full voting authority
252.05M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole826
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings826
Rows:
CARVANA CO
SOLEShares1.50M
TypeSH
Market value$506.25M
5.60%
Sole
1.50M
Shared
0.00
None
0.00
INTUIT
SOLEShares501.40K
TypeSH
Market value$394.92M
4.37%
Sole
501.40K
Shared
0.00
None
0.00
FIRST SOLAR INC
SOLEShares1.43M
TypeSH
Market value$236.59M
2.62%
Sole
1.43M
Shared
0.00
None
0.00
TESLA INC
SOLEShares600K
TypeSH
Market value$190.60M
2.11%
Sole
600K
Shared
0.00
None
0.00
JUNIPER NETWORKS INC
SOLEShares4.32M
TypeSH
Market value$172.55M
1.91%
Sole
4.32M
Shared
0.00
None
0.00
APPLOVIN CORP
SOLEShares335K
TypeSH
Market value$117.28M
1.30%
Sole
335K
Shared
0.00
None
0.00
ROYAL CARIBBEAN GROUP
SOLEShares357K
TypeSH
Market value$111.79M
1.24%
Sole
357K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares386.26K
TypeSH
Market value$87.48M
0.97%
Sole
386.26K
Shared
0.00
None
0.00
CENCORA INC
SOLEShares281.50K
TypeSH
Market value$84.41M
0.93%
Sole
281.50K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares472.60K
TypeSH
Market value$83.83M
0.93%
Sole
472.60K
Shared
0.00
None
0.00
COREWEAVE INC
SOLEShares512K
TypeSH
Market value$83.49M
0.92%
Sole
512K
Shared
0.00
None
0.00
INSMED INC
SOLEShares827.23K
TypeSH
Market value$83.25M
0.92%
Sole
827.23K
Shared
0.00
None
0.00
CLOUDFLARE INC
SOLEShares403K
TypeSH
Market value$78.92M
0.87%
Sole
403K
Shared
0.00
None
0.00
SOLENO THERAPEUTICS INC
SOLEShares926.19K
TypeSH
Market value$77.60M
0.86%
Sole
926.19K
Shared
0.00
None
0.00
SUNRUN INC
SOLEShares9.48M
TypeSH
Market value$77.59M
0.86%
Sole
9.48M
Shared
0.00
None
0.00
REDDIT INC
SOLEShares501.90K
TypeSH
Market value$75.57M
0.84%
Sole
501.90K
Shared
0.00
None
0.00
TKO GROUP HOLDINGS INC
SOLEShares409.60K
TypeSH
Market value$74.53M
0.82%
Sole
409.60K
Shared
0.00
None
0.00
HUMANA INC
SOLEShares297.70K
TypeSH
Market value$72.78M
0.81%
Sole
297.70K
Shared
0.00
None
0.00
GILEAD SCIENCES INC
SOLEShares655.60K
TypeSH
Market value$72.69M
0.80%
Sole
655.60K
Shared
0.00
None
0.00
VERISIGN INC
SOLEShares249.75K
TypeSH
Market value$72.13M
0.80%
Sole
249.75K
Shared
0.00
None
0.00
ENERGY TRANSFER L P
SOLEShares3.92M
TypeSH
Market value$71.14M
0.79%
Sole
3.92M
Shared
0.00
None
0.00
MASTERCARD INCORPORATED
SOLEShares117.40K
TypeSH
Market value$65.97M
0.73%
Sole
117.40K
Shared
0.00
None
0.00
ULTRAGENYX PHARMACEUTICAL IN
SOLEShares1.71M
TypeSH
Market value$62.08M
0.69%
Sole
1.71M
Shared
0.00
None
0.00
ARGENX SE
SOLEShares107.10K
TypeSH
Market value$59.04M
0.65%
Sole
107.10K
Shared
0.00
None
0.00
ORACLE CORP
SOLEShares263K
TypeSH
Market value$57.50M
0.64%
Sole
263K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CARVANA COSOLE | CL A | 1.50M | SH | $506.25M 5.60% | 1.50M | 0.00 | 0.00 |
INTUITSOLE | COM | 501.40K | SH | $394.92M 4.37% | 501.40K | 0.00 | 0.00 |
FIRST SOLAR INCSOLE | COM | 1.43M | SH | $236.59M 2.62% | 1.43M | 0.00 | 0.00 |
TESLA INCSOLE | COM | 600K | SH | $190.60M 2.11% | 600K | 0.00 | 0.00 |
JUNIPER NETWORKS INCSOLE | COM | 4.32M | SH | $172.55M 1.91% | 4.32M | 0.00 | 0.00 |
APPLOVIN CORPSOLE | COM CL A | 335K | SH | $117.28M 1.30% | 335K | 0.00 | 0.00 |
ROYAL CARIBBEAN GROUPSOLE | COM | 357K | SH | $111.79M 1.24% | 357K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 386.26K | SH | $87.48M 0.97% | 386.26K | 0.00 | 0.00 |
CENCORA INCSOLE | COM | 281.50K | SH | $84.41M 0.93% | 281.50K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 472.60K | SH | $83.83M 0.93% | 472.60K | 0.00 | 0.00 |
COREWEAVE INCSOLE | COM CL A | 512K | SH | $83.49M 0.92% | 512K | 0.00 | 0.00 |
INSMED INCSOLE | COM PAR $.01 | 827.23K | SH | $83.25M 0.92% | 827.23K | 0.00 | 0.00 |
CLOUDFLARE INCSOLE | CL A COM | 403K | SH | $78.92M 0.87% | 403K | 0.00 | 0.00 |
SOLENO THERAPEUTICS INCSOLE | COM | 926.19K | SH | $77.60M 0.86% | 926.19K | 0.00 | 0.00 |
SUNRUN INCSOLE | COM | 9.48M | SH | $77.59M 0.86% | 9.48M | 0.00 | 0.00 |
REDDIT INCSOLE | CL A | 501.90K | SH | $75.57M 0.84% | 501.90K | 0.00 | 0.00 |
TKO GROUP HOLDINGS INCSOLE | CL A | 409.60K | SH | $74.53M 0.82% | 409.60K | 0.00 | 0.00 |
HUMANA INCSOLE | COM | 297.70K | SH | $72.78M 0.81% | 297.70K | 0.00 | 0.00 |
GILEAD SCIENCES INCSOLE | COM | 655.60K | SH | $72.69M 0.80% | 655.60K | 0.00 | 0.00 |
VERISIGN INCSOLE | COM | 249.75K | SH | $72.13M 0.80% | 249.75K | 0.00 | 0.00 |
ENERGY TRANSFER L PSOLE | COM UT LTD PTN | 3.92M | SH | $71.14M 0.79% | 3.92M | 0.00 | 0.00 |
MASTERCARD INCORPORATEDSOLE | CL A | 117.40K | SH | $65.97M 0.73% | 117.40K | 0.00 | 0.00 |
ULTRAGENYX PHARMACEUTICAL INSOLE | COM | 1.71M | SH | $62.08M 0.69% | 1.71M | 0.00 | 0.00 |
ARGENX SESOLE | SPONSORED ADR | 107.10K | SH | $59.04M 0.65% | 107.10K | 0.00 | 0.00 |
ORACLE CORPSOLE | COM | 263K | SH | $57.50M 0.64% | 263K | 0.00 | 0.00 |
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