1y return+31.6%S&P 500 +20.9%
3y return+69.4%S&P 500 +68.5%
5y return+36.3%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $229 against $280 in the S&P 500.2
Caption Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| NVDANvidia Corporation | $367.9M | 13.0% | +22.0% |
| TSMTaiwan Semiconductor Manufac | $270.2M | 9.5% | New |
| MSFTMicrosoft Corp | $192.1M | 6.8% | +1931.6% |
| TSLATesla Inc | $167.3M | 5.9% | +32.7% |
| OWLBlue Owl Capital Inc | $140.0M | 4.9% | +5.8% |
| AMZNAmazon Com Inc | $102.0M | 3.6% | −16.7% |
| CORZWCore Scientific Inc New | $65.6M | 2.3% | |
| GOOGAlphabet Inc | $64.6M | 2.3% | +14551.2% |
| XLFSelect Sector Spdr Tr | $61.6M | 2.2% | +3329.1% |
| XLVSelect Sector Spdr Tr | $53.7M | 1.9% | New |
| SNDKSandisk Corp | $38.9M | 1.4% | −6.5% |
| CGONCg Oncology Inc | $34.4M | 1.2% | +28.0% |
| KRESpdr Series Trust | $29.6M | 1.0% | New |
| TTWOTake-two Interactive Softwar | $25.6M | 0.9% | −60.8% |
| INSMInsmed Inc | $25.2M | 0.9% | New |
| XLBSelect Sector Spdr Tr | $24.7M | 0.9% | +64.7% |
| XHBSpdr Series Trust | $19.2M | 0.7% | +2120.7% |
| ERASErasca Inc | $19.1M | 0.7% | New |
| CELCCelcuity Inc | $17.8M | 0.6% | New |
| DSGNDesign Therapeutics Inc | $16.2M | 0.6% | +1189.5% |
| METAMeta Platforms Inc | $15.3M | 0.5% | −75.9% |
| JNJJohnson & Johnson | $15.2M | 0.5% | −31.5% |
| MDBMongodb Inc | $14.2M | 0.5% | New |
| SMHVaneck Etf Trust | $13.9M | 0.5% | −14.5% |
| ROSTRoss Stores Inc | $13.8M | 0.5% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| DOCNDigitalocean Hldgs Inc | March 31, 2025 | +370.3% | $12.8M |
| CMPSCompass Pathways PLC | March 31, 2026 | +155.9% | $10.7M |
| GEOGeo Group Inc | June 30, 2024 | +105.8% | $10.9M |
| GOOGAlphabet Inc | June 30, 2024 | +92.6% | $64.6M |
| DDOGDatadog Inc | September 30, 2025 | +82.8% | $12.2M |
| CGONCg Oncology Inc | December 31, 2025 | +71.1% | $34.4M |
| SMHVaneck Etf Trust | March 31, 2026 | +71.1% | $13.9M |
| CSCOCisco Sys Inc | March 31, 2026 | +51.4% | $12.7M |
| DSGNDesign Therapeutics Inc | March 31, 2026 | +36.0% | $16.2M |
| CODICompass Diversified | March 31, 2026 | +35.6% | $10.8M |
Sold off last quarter
- Planet Labs PbcCUSIP 72703X114 was $24.9M
- BUGGlobal X Fds was $21.5M
- CEGConstellation Energy Corp was $20.1M
- CYTKCytokinetics Inc was $16.1M
- ELVNEnliven Therapeutics Inc was $14.5M
- VVisa Inc was $14.1M
- Soleno Therapeutics IncCUSIP 834203309 was $14.1M
- GXOGxo Logistics Incorporated was $14.0M
- UNHUnitedhealth Group Inc was $13.4M
- XLKSelect Sector Spdr Tr was $11.3M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.2% | +14.8% |
| March 31, 2026 | −2.7% | −4.6% |
| December 31, 2025 | +1.6% | +2.4% |
| September 30, 2025 | +15.5% | +7.8% |
| June 30, 2025 | +21.6% | +10.5% |
| March 31, 2025 | −15.7% | −4.6% |
| December 31, 2024 | +3.0% | +2.1% |
| September 30, 2024 | +3.5% | +5.4% |
| June 30, 2024 | +0.3% | +4.0% |
| March 31, 2024 | +6.7% | +10.0% |
| December 31, 2023 | +13.1% | +11.2% |
| September 30, 2023 | −2.7% | −3.6% |
| June 30, 2023 | +1.9% | +8.3% |
| March 31, 2023 | −0.6% | +7.0% |
| December 31, 2022 | +4.5% | +7.1% |
| September 30, 2022 | −1.1% | −5.3% |
| June 30, 2022 | −19.3% | −16.5% |
| March 31, 2022 | +2.6% | −4.9% |
| December 31, 2021 | −0.2% | +10.7% |
| September 30, 2021 | −7.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Caption Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1706766&type=13F-HR&dateb=&owner=include&count=40CIK 1706766
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1706766/000170676626000005/Filed August 14, 2026 · accession 0001706766-26-000005