Filed: 11/14/2025ACC: 0001706766-25-000009
📋 What this filing means
CAPTION MANAGEMENT, LLC filed this quarterly 13F‑HR report disclosing 978 equity positions with a total reported market value of $12.82B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
978
Positions
$12.82B
Total AUM (reported)
341.16M
Total Shares
Allocation by class
COM$6.72B52.5%
CL A$1.45B11.3%
COM CL A$1.28B10.0%
COM NEW$582.25M4.5%
SPONSORED ADR$223.98M1.7%
COM SHS$216.73M1.7%
SPONSORED ADS$216.62M1.7%
Portfolio Concentration
Top 3$1.28B10.0%
4–10$1.63B12.7%
11–25$1.69B13.2%
Rest$8.21B64.1%
Top 3 weight
10.0%
Top 10 weight
22.7%
Voting Authority Distribution
Total shares with voting rights: 341.16M
Sole
Full voting authority
341.16M
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)
Sole978
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings978
Rows:
CARVANA CO
SOLEShares1.29M
TypeSH
Market value$488.49M
3.81%
Sole
1.29M
Shared
0.00
None
0.00
COREWEAVE INC
SOLEShares3.18M
TypeSH
Market value$435.46M
3.40%
Sole
3.18M
Shared
0.00
None
0.00
INTUIT
SOLEShares525K
TypeSH
Market value$358.53M
2.80%
Sole
525K
Shared
0.00
None
0.00
TESLA INC
SOLEShares700K
TypeSH
Market value$311.30M
2.43%
Sole
700K
Shared
0.00
None
0.00
UNITED THERAPEUTICS CORP DEL
SOLEShares602.92K
TypeSH
Market value$252.75M
1.97%
Sole
602.92K
Shared
0.00
None
0.00
AMAZON COM INC
SOLEShares1.15M
TypeSH
Market value$252.51M
1.97%
Sole
1.15M
Shared
0.00
None
0.00
REDDIT INC
SOLEShares1.08M
TypeSH
Market value$247.72M
1.93%
Sole
1.08M
Shared
0.00
None
0.00
APPLOVIN CORP
SOLEShares335K
TypeSH
Market value$240.71M
1.88%
Sole
335K
Shared
0.00
None
0.00
NVIDIA CORPORATION
SOLEShares1M
TypeSH
Market value$186.58M
1.46%
Sole
1M
Shared
0.00
None
0.00
ECHOSTAR CORP
SOLEShares1.86M
TypeSH
Market value$142.04M
1.11%
Sole
1.86M
Shared
0.00
None
0.00
CHEVRON CORP NEW
SOLEShares875.30K
TypeSH
Market value$135.93M
1.06%
Sole
875.30K
Shared
0.00
None
0.00
SABLE OFFSHORE CORP
SOLEShares7.73M
TypeSH
Market value$134.88M
1.05%
Sole
7.73M
Shared
0.00
None
0.00
IREN LIMITED
SOLEShares2.74M
TypeSH
Market value$128.48M
1.00%
Sole
2.74M
Shared
0.00
None
0.00
CORE SCIENTIFIC INC NEW
SOLEShares6.95M
TypeSH
Market value$124.62M
0.97%
Sole
6.95M
Shared
0.00
None
0.00
COINBASE GLOBAL INC
SOLEShares355.20K
TypeSH
Market value$119.88M
0.93%
Sole
355.20K
Shared
0.00
None
0.00
DOORDASH INC
SOLEShares435.40K
TypeSH
Market value$118.42M
0.92%
Sole
435.40K
Shared
0.00
None
0.00
SUNRUN INC
SOLEShares6.84M
TypeSH
Market value$118.19M
0.92%
Sole
6.84M
Shared
0.00
None
0.00
ROYAL CARIBBEAN GROUP
SOLEShares357K
TypeSH
Market value$115.52M
0.90%
Sole
357K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares465K
TypeSH
Market value$113.25M
0.88%
Sole
465K
Shared
0.00
None
0.00
TAIWAN SEMICONDUCTOR MFG LTD
SOLEShares381.10K
TypeSH
Market value$106.44M
0.83%
Sole
381.10K
Shared
0.00
None
0.00
INSMED INC
SOLEShares703.58K
TypeSH
Market value$101.32M
0.79%
Sole
703.58K
Shared
0.00
None
0.00
SOLENO THERAPEUTICS INC
SOLEShares1.44M
TypeSH
Market value$97.08M
0.76%
Sole
1.44M
Shared
0.00
None
0.00
KELLANOVA
SOLEShares1.18M
TypeSH
Market value$96.49M
0.75%
Sole
1.18M
Shared
0.00
None
0.00
ABBVIE INC
SOLEShares409.10K
TypeSH
Market value$94.72M
0.74%
Sole
409.10K
Shared
0.00
None
0.00
TERAWULF INC
SOLEShares7.61M
TypeSH
Market value$86.91M
0.68%
Sole
7.61M
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CARVANA COSOLE | CL A | 1.29M | SH | $488.49M 3.81% | 1.29M | 0.00 | 0.00 |
COREWEAVE INCSOLE | COM CL A | 3.18M | SH | $435.46M 3.40% | 3.18M | 0.00 | 0.00 |
INTUITSOLE | COM | 525K | SH | $358.53M 2.80% | 525K | 0.00 | 0.00 |
TESLA INCSOLE | COM | 700K | SH | $311.30M 2.43% | 700K | 0.00 | 0.00 |
UNITED THERAPEUTICS CORP DELSOLE | COM | 602.92K | SH | $252.75M 1.97% | 602.92K | 0.00 | 0.00 |
AMAZON COM INCSOLE | COM | 1.15M | SH | $252.51M 1.97% | 1.15M | 0.00 | 0.00 |
REDDIT INCSOLE | CL A | 1.08M | SH | $247.72M 1.93% | 1.08M | 0.00 | 0.00 |
APPLOVIN CORPSOLE | COM CL A | 335K | SH | $240.71M 1.88% | 335K | 0.00 | 0.00 |
NVIDIA CORPORATIONSOLE | COM | 1M | SH | $186.58M 1.46% | 1M | 0.00 | 0.00 |
ECHOSTAR CORPSOLE | CL A | 1.86M | SH | $142.04M 1.11% | 1.86M | 0.00 | 0.00 |
CHEVRON CORP NEWSOLE | COM | 875.30K | SH | $135.93M 1.06% | 875.30K | 0.00 | 0.00 |
SABLE OFFSHORE CORPSOLE | COM SHS | 7.73M | SH | $134.88M 1.05% | 7.73M | 0.00 | 0.00 |
IREN LIMITEDSOLE | ORDINARY SHARES | 2.74M | SH | $128.48M 1.00% | 2.74M | 0.00 | 0.00 |
CORE SCIENTIFIC INC NEWSOLE | COM | 6.95M | SH | $124.62M 0.97% | 6.95M | 0.00 | 0.00 |
COINBASE GLOBAL INCSOLE | COM CL A | 355.20K | SH | $119.88M 0.93% | 355.20K | 0.00 | 0.00 |
DOORDASH INCSOLE | CL A | 435.40K | SH | $118.42M 0.92% | 435.40K | 0.00 | 0.00 |
SUNRUN INCSOLE | COM | 6.84M | SH | $118.19M 0.92% | 6.84M | 0.00 | 0.00 |
ROYAL CARIBBEAN GROUPSOLE | COM | 357K | SH | $115.52M 0.90% | 357K | 0.00 | 0.00 |
ALPHABET INCSOLE | CAP STK CL C | 465K | SH | $113.25M 0.88% | 465K | 0.00 | 0.00 |
TAIWAN SEMICONDUCTOR MFG LTDSOLE | SPONSORED ADS | 381.10K | SH | $106.44M 0.83% | 381.10K | 0.00 | 0.00 |
INSMED INCSOLE | COM PAR $.01 | 703.58K | SH | $101.32M 0.79% | 703.58K | 0.00 | 0.00 |
SOLENO THERAPEUTICS INCSOLE | COM | 1.44M | SH | $97.08M 0.76% | 1.44M | 0.00 | 0.00 |
KELLANOVASOLE | COM | 1.18M | SH | $96.49M 0.75% | 1.18M | 0.00 | 0.00 |
ABBVIE INCSOLE | COM | 409.10K | SH | $94.72M 0.74% | 409.10K | 0.00 | 0.00 |
TERAWULF INCSOLE | COM | 7.61M | SH | $86.91M 0.68% | 7.61M | 0.00 | 0.00 |
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