Caption Management, LLC
SEC Form 13F institutional filer · CIK 0001706766
13F-HR · 109 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.09B
Top-10 concentration
65.0%
Caption Management, LLC — $1.09B AUM allocation strategy
Caption Management, LLC files SEC Form 13F and reports $1.09B of long US equity value across 109 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 25.2%, followed by Consumer Discretionary 20.1% and Communication Services 14.7%.
The top 10 holdings account for 65% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Caption Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.09B
total across 109 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
65% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NVDA +347K sh · +$46.4M+$BSX +283K sh · +$14.8M+$PSKY +182K sh · +$606K
Biggest trims (shares)
−$NFLX −548K sh · −$50.9M−$CMG −538K sh · −$20.3M−$GOOGL −396K sh · −$124M
Exited to nil (held last quarter, gone now)
$AAPL ($128M last qtr)$BMY ($29M last qtr)$QTOP ($12.5M last qtr)$XLY ($12.1M last qtr)$XOM ($11.6M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Semiconductors24.1%—
- Automobile Manufacturers10.3%—
- Broadline Retail9.8%—
- Interactive Media & Services8.2%—
- Interactive Home Entertainment4.7%—
- Health Care Equipment2.2%—
- Pharmaceuticals1.9%—
- Movies & Entertainment1.9%—
- Other holdings37.0%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NVDA | NVIDIA Corporation | 1.51M | $263M | +347K | 24.2% |
| $TSLA | Tesla Inc | 300K | $111M | -300 | 10.2% |
| $AMZN | Amazon.com Inc | 514K | $107M | -61.3K | 9.8% |
| $META | Meta Platforms Inc | 113K | $64.4M | — | 5.9% |
| $TTWO | Take-Two Interactive Software Inc | 261K | $51.6M | — | 4.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 84.8K | $24.4M | +24.8K | 2.2% |
| $BSX | Boston Scientific Corporation | 374K | $23.5M | +283K | 2.2% |
| $JNJ | Johnson & Johnson | 87.5K | $21.4M | — | 2.0% |
| $NFLX | Netflix Inc | 212K | $20.4M | -548K | 1.9% |
| $CEG | Constellation Energy Corporation | 71.9K | $20.1M | +59.8K | 1.8% |
…and 99 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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