Caption Management, LLC
13F Reported Value
ⓘ$21.5B
incl. option notional
Equity Holdings
ⓘ$2.8B
Option Notional
ⓘ$18.6B
$8.3B puts / $10.3B calls
Holdings
1,595
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Caption Management, LLC disclosed 1,595 positions worth $21.5B in its Form 13F-HR for Q2 2026 — $2.8B in common stock plus $18.6B of put/call option positions (reported at underlying notional value, not premium at risk), led by $META (Meta Platforms, Inc.) calls, followed by $WDC and $NVDA. During the quarter the fund opened 685 new positions and exited 572 — including a new stake in $TSM and a full exit from $AMD. The portfolio is most concentrated in Technology (42.7% of disclosed assets). All figures are sourced directly from Caption Management, LLC’s Form 13F-HR filing with the SEC under CIK 1706766.
AI Fund Analysis
Concentrating
$NVDA
$TSLA
$OWL
$AMZN
$CORZ$NVDA$OWL
$BA
$REPLSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 79.6#35
Quality
$1.1B1,957,500 sh - 80.7#24
Quality
$636.2M996,000 sh - 85.9#5
Quality
$367.9M1,838,800 sh - 68.7
Quality
$312.9M1,313,000 sh - 41.4
Quality
$307.2M11,521,600 sh - 85.9
Quality
$296.1M1,480,000 sh - 79.8
Quality
$280.5M752,000 sh - $278.4M583,000 sh
- $270.2M565,700 sh
- 55.6
Quality
$260.7M1,042,900 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 Meta Platforms, Inc.$METACALL | 79.6#35 | $1.1B | 1,957,500 |
 WESTERN DIGITAL CORP$WDCPUT | 80.7#24 | $636.2M | 996,000 |
| NVIDIA CORP$NVDA | 85.9#5 | $367.9M | 1,838,800 |
| AMAZON COM INC$AMZNCALL | 68.7 | $312.9M | 1,313,000 |
 Warner Bros. Discovery, Inc.$WBDPUT | 41.4 | $307.2M | 11,521,600 |
| NVIDIA CORP$NVDAPUT | 85.9 | $296.1M | 1,480,000 |
 MICROSOFT CORP$MSFTCALL | 79.8 | $280.5M | 752,000 |
 TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSMPUT | — | $278.4M | 583,000 |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$TSM | — | $270.2M | 565,700 |
 TAKE TWO INTERACTIVE SOFTWARE INC$TTWOPUT | 55.6 | $260.7M | 1,042,900 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Caption Management, LLC's 1,595 positions.
Showing top 10 of 1,595 holdings.
Sector Allocation
Technology
$1.2B
Healthcare
$408.4M
Financials
$321.3M
Other
$261.8M
Industrials
$261.7M
Consumer Discretionary
$203.2M
Materials
$55.1M
Communication Services
$35.8M
Top Holdings — Caption Management, LLC (Q2 2026)
Top 150 of 1,595 disclosed positions (by reported value) from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $METACALL | Meta Platforms, Inc. | $1.1B | — | -2% | 79.6 |
| 2 | $WDCPUT | WESTERN DIGITAL CORP | $636.2M | — | +398% | 80.7 |
| 3 | $NVDA | NVIDIA CORP | $367.9M | 13.0% | +22% | 85.9 |
| 4 | $AMZNCALL | AMAZON COM INC | $312.9M | — | +31% | 68.7 |
| 5 | $WBDPUT | Warner Bros. Discovery, Inc. | $307.2M | — | -3% | 41.4 |
| 6 | $NVDAPUT | NVIDIA CORP | $296.1M | — | -6% | 85.9 |
| 7 | $MSFTCALL | MICROSOFT CORP | $280.5M | — | +115% | 79.8 |
| 8 | $TSMPUT | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $278.4M | — | +890% | — |
| 9 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | $270.2M | 9.5% | NEW | — |
| 10 | $TTWOPUT | TAKE TWO INTERACTIVE SOFTWARE INC | $260.7M | — | +58% | 55.6 |
| 11 |  $CVNAPUT | CARVANA CO. | $249.9M | — | +234% | 71.6 |
| 12 | $OWLPUT | BLUE OWL CAPITAL INC. | $209.3M | — | +4% | 48.8 |
| 13 |  $UTHRPUT | UNITED THERAPEUTICS Corp | $204.9M | — | -8% | 71.3 |
| 14 | $UTHRCALL | UNITED THERAPEUTICS Corp | $198.6M | — | -45% | 71.3 |
| 15 | $CVNACALL | CARVANA CO. | $195.8M | — | +413% | 71.6 |
| 16 | $MSFT | MICROSOFT CORP | $192.1M | 6.8% | +1932% | 79.8 |
| 17 | $MSFTPUT | MICROSOFT CORP | $186.5M | — | +400% | 79.8 |
| 18 | — | VANECK ETF TRUST - SEMICONDUCTR ETF | $173.8M | — | NEW | — |
| 19 |  $GILDCALL | GILEAD SCIENCES, INC. | $170.3M | — | +574% | 57.4 |
| 20 | $TSLAPUT | Tesla, Inc. | $168.2M | — | +33% | 53.9 |
| 21 | — | SPDR SERIES TRUST - ST STR SP REGBNK | $168.2M | — | +821% | — |
| 22 | $TSLA | Tesla, Inc. | $167.3M | 5.9% | +33% | 53.9 |
| 23 |  $LITECALL | Lumentum Holdings Inc. | $150.2M | — | +0% | 44.3 |
| 24 |  $EAPUT | ELECTRONIC ARTS INC. | $143.5M | — | -48% | 62.9 |
| 25 | $OWL | BLUE OWL CAPITAL INC. | $140.0M | 4.9% | +6% | 48.8 |
| 26 |  $RCLCALL | ROYAL CARIBBEAN CRUISES LTD | $132.6M | — | +17% | — |
| 27 |  $RVMDCALL | Revolution Medicines, Inc. | $126.9M | — | +110% | — |
| 28 |  $CGONCALL | CG Oncology, Inc. | $126.4M | — | +46% | 27 |
| 29 |  $WULFCALL | TERAWULF INC. | $122.0M | — | +22% | 33.8 |
| 30 |  $GOOGLPUT | Alphabet Inc. | $120.1M | — | NEW | 78.2 |
| 31 |  $SNPSPUT | SYNOPSYS INC | $119.8M | — | +1243% | 67.9 |
| 32 | $WBDCALL | Warner Bros. Discovery, Inc. | $119.0M | — | -18% | 41.4 |
| 33 |  $SPCXCALL | SPACE EXPLORATION TECHNOLOGIES CORP | $115.3M | — | NEW | — |
| 34 | $NVDACALL | NVIDIA CORP | $112.5M | — | -37% | 85.9 |
| 35 |  $MPCALL | MP Materials Corp. / DE | $111.2M | — | +15% | 34.2 |
| 36 | $AMZNPUT | AMAZON COM INC | $108.8M | — | -9% | 68.7 |
| 37 | — | ISHARES TR - ISHARES SEMICDTR | $107.6M | — | NEW | — |
| 38 |  $RDDTCALL | Reddit, Inc. | $106.8M | — | +23% | 79.8 |
| 39 | — | ISHARES INC - MSCI CDA ETF | $103.4M | — | -0% | — |
| 40 | $AMZN | AMAZON COM INC | $102.0M | 3.6% | -17% | 68.7 |
| 41 | $CORZCALL | Core Scientific, Inc./tx | $98.5M | — | +60% | 14.2 |
| 42 |  $STXPUT | Seagate Technology Holdings plc | $96.5M | — | +344% | — |
| 43 |  $DDOGCALL | Datadog, Inc. | $95.0M | — | +508% | 71.4 |
| 44 |  $BTDRCALL | Bitdeer Technologies Group | $93.1M | — | +3456% | — |
| 45 |  $SEZLPUT | Sezzle Inc. | $92.7M | — | +23% | 80.1 |
| 46 |  $ASTSCALL | AST SpaceMobile, Inc. | $92.4M | — | +11% | 30.8 |
| 47 |  $WCALL | Wayfair Inc. | $91.5M | — | +43% | 43.8 |
| 48 | $DDOGPUT | Datadog, Inc. | $88.5M | — | -33% | 71.4 |
| 49 | $CGONPUT | CG Oncology, Inc. | $84.9M | — | +3% | 27 |
| 50 | — | SPDR SERIES TRUST - ST STR SP BIOT | $82.7M | — | -42% | — |
| 51 | $EACALL | ELECTRONIC ARTS INC. | $82.4M | — | +16% | 62.9 |
| 52 |  $INSMPUT | INSMED Inc | $79.0M | — | +638% | 39.4 |
| 53 |  $PRAXPUT | Praxis Precision Medicines, Inc. | $75.3M | — | +12% | — |
| 54 | — | SELECT SECTOR SPDR TR - ST STR MATER ETF | $75.2M | — | +48% | — |
| 55 |  $QURECALL | uniQure N.V. | $75.0M | — | -16% | — |
| 56 | $WULFPUT | TERAWULF INC. | $72.8M | — | +89% | 33.8 |
| 57 | — | SPDR SERIES TRUST - ST STR SP BIOT | $70.6M | — | -33% | — |
| 58 |  $VSTCALL | Vistra Corp. | $70.0M | — | +385% | 71.9 |
| 59 |  $ERASCALL | Erasca, Inc. | $68.5M | — | +648% | — |
| 60 | $INSMCALL | INSMED Inc | $67.2M | — | +1358% | 39.4 |
| 61 |  $LRCXPUT | LAM RESEARCH CORP | $67.2M | — | NEW | 79.4 |
| 62 |  $VSATCALL | VIASAT INC | $66.4M | — | +2857% | 58.8 |
| 63 | $CORZ | Core Scientific, Inc./tx | $65.6M | 2.3% | +0% | 14.2 |
| 64 | $GOOGL | Alphabet Inc. | $64.6M | 2.3% | NEW | 78.2 |
| 65 |  $MKSICALL | MKS INC | $64.5M | — | +123% | 61.3 |
| 66 |  $CGCALL | Carlyle Group Inc. | $64.1M | — | +3169% | 59.8 |
| 67 |  $MDGLCALL | MADRIGAL PHARMACEUTICALS, INC. | $63.1M | — | +0% | 40.7 |
| 68 |  $CRMCALL | Salesforce, Inc. | $62.8M | — | NEW | 77 |
| 69 |  $COINCALL | Coinbase Global, Inc. | $61.8M | — | +18% | 44.8 |
| 70 | — | SELECT SECTOR SPDR TR - ST STR FINL ETF | $61.6M | 2.2% | +3329% | — |
| 71 |  $PCVXPUT | Vaxcyte, Inc. | $60.9M | — | +162% | — |
| 72 | — | SELECT SECTOR SPDR TR - ST STR SVC ETF | $60.2M | — | -0% | — |
| 73 |  $MRVLCALL | Marvell Technology, Inc. | $59.4M | — | +101% | 76.5 |
| 74 |  $IRENCALL | IREN Ltd | $58.1M | — | +29% | 46.3 |
| 75 |  $WOLFCALL | WOLFSPEED, INC. | $57.6M | — | +449% | 22.8 |
| 76 |  $BECALL | Bloom Energy Corp | $55.8M | — | +54% | 66.2 |
| 77 | $TTWOCALL | TAKE TWO INTERACTIVE SOFTWARE INC | $55.3M | — | +1% | 55.6 |
| 78 |  $BSXPUT | BOSTON SCIENTIFIC CORP | $55.1M | — | +47% | 77.5 |
| 79 |  $INTUCALL | INTUIT INC. | $54.8M | — | +1300% | 79.3 |
| 80 |  $WMBPUT | WILLIAMS COMPANIES, INC. | $54.1M | — | -16% | 64.2 |
| 81 |  $HWMPUT | Howmet Aerospace Inc. | $53.8M | — | +210% | 73.9 |
| 82 | — | SELECT SECTOR SPDR TR - ST STR CARE ETF | $53.7M | 1.9% | NEW | — |
| 83 | $VSATPUT | VIASAT INC | $53.4M | — | NEW | 58.8 |
| 84 |  $CIFRCALL | Cipher Digital Inc. | $52.8M | — | -6% | 30.6 |
| 85 |  $NVSPUT | NOVARTIS AG | $52.5M | — | NEW | — |
| 86 |  $MUCALL | MICRON TECHNOLOGY INC | $50.8M | — | +73% | 86.2 |
| 87 | $SEZLCALL | Sezzle Inc. | $50.0M | — | -21% | 80.1 |
| 88 |  $IONSCALL | IONIS PHARMACEUTICALS INC | $50.0M | — | NEW | 23.4 |
| 89 |  $LQDACALL | Liquidia Corp | $49.9M | — | +189% | 78.3 |
| 90 |  $SHOPPUT | SHOPIFY INC. | $49.8M | — | +1547% | 64.9 |
| 91 |  $SMCICALL | Super Micro Computer, Inc. | $48.4M | — | +15% | 62 |
| 92 | $SMCIPUT | Super Micro Computer, Inc. | $48.0M | — | NEW | 62 |
| 93 | — | SPDR SERIES TRUST - ST STR SP HOME | $48.0M | — | NEW | — |
| 94 |  $AEHRCALL | AEHR TEST SYSTEMS | $47.0M | — | +42% | 16.5 |
| 95 |  $CCJPUT | CAMECO CORP | $46.6M | — | +41% | — |
| 96 |  $VRSNCALL | VERISIGN INC/CA | $46.5M | — | NEW | 71.3 |
| 97 |  $INTCCALL | INTEL CORP | $46.3M | — | NEW | 45.6 |
| 98 |  $NFLXCALL | NETFLIX INC | $45.7M | — | -32% | 78.8 |
| 99 |  $CORTCALL | CORCEPT THERAPEUTICS INC | $45.2M | — | +221% | 57.8 |
| 100 |  $CICALL | Cigna Group | $44.1M | — | -34% | 66.2 |
| 101 |  $XENECALL | Xenon Pharmaceuticals Inc. | $43.9M | — | -26% | 24 |
| 102 |  $LLYPUT | ELI LILLY & Co | $43.8M | — | NEW | 87.5 |
| 103 |  $CLSCALL | CELESTICA INC | $43.8M | — | -65% | 69.8 |
| 104 |  $CYTKCALL | CYTOKINETICS INC | $43.7M | — | -58% | 28.1 |
| 105 |  $HUTCALL | Hut 8 Corp. | $43.4M | — | -36% | 37.4 |
| 106 |  $TEVACALL | TEVA PHARMACEUTICAL INDUSTRIES LTD | $43.3M | — | +17% | — |
| 107 |  $SEICALL | Solaris Energy Infrastructure, Inc. | $43.3M | — | -3% | 56.4 |
| 108 |  $GOOGCALL | Alphabet Inc. | $42.9M | — | +500% | 78.2 |
| 109 |  $BURLPUT | Burlington Stores, Inc. | $41.2M | — | -40% | 65.1 |
| 110 |  $UNPCALL | UNION PACIFIC CORP | $40.8M | — | NEW | 69.6 |
| 111 | — | SELECT SECTOR SPDR TR - ST STR FINL ETF | $40.5M | — | +116% | — |
| 112 |  $VCALL | VISA INC. | $40.1M | — | +485% | 82.9 |
| 113 | $LRCXCALL | LAM RESEARCH CORP | $39.6M | — | NEW | 79.4 |
| 114 | $CIFRPUT | Cipher Digital Inc. | $39.3M | — | +167% | 30.6 |
| 115 |  $FLEXCALL | FLEX LTD. | $38.9M | — | NEW | — |
| 116 |  $SNDK | Sandisk Corp | $38.9M | 1.4% | -6% | 87.7 |
| 117 |  $DOCNCALL | DigitalOcean Holdings, Inc. | $38.1M | — | +59% | 67.2 |
| 118 |  $NTRACALL | Natera, Inc. | $38.0M | — | NEW | 53.5 |
| 119 | $PCVXCALL | Vaxcyte, Inc. | $37.8M | — | +114% | — |
| 120 | $RVMDPUT | Revolution Medicines, Inc. | $37.3M | — | -84% | — |
| 121 |  $CSXPUT | CSX CORP | $37.1M | — | -28% | 65.2 |
| 122 |  $BBYCALL | BEST BUY CO INC | $37.0M | — | NEW | 60.2 |
| 123 |  $ROSTPUT | ROSS STORES, INC. | $36.2M | — | NEW | 70.3 |
| 124 | $IRENPUT | IREN Ltd | $36.1M | — | +163% | 46.3 |
| 125 |  $XOM.R34088CALL | EXXON MOBIL CORP | $36.0M | — | -3% | 57.9 |
| 126 |  $NETCALL | Cloudflare, Inc. | $35.7M | — | -9% | 56.4 |
| 127 | $MDGLPUT | MADRIGAL PHARMACEUTICALS, INC. | $35.3M | — | +192% | 40.7 |
| 128 |  $LYBPUT | LyondellBasell Industries N.V. | $35.3M | — | +94% | — |
| 129 | — | SPDR SERIES TRUST - ST STR SP HOME | $34.7M | — | NEW | — |
| 130 |  $ESABPUT | ESAB Corp | $34.5M | — | NEW | 51.3 |
| 131 | $ESABCALL | ESAB Corp | $34.5M | — | NEW | 51.3 |
| 132 |  $GSKPUT | GSK plc | $34.5M | — | NEW | — |
| 133 |  $SLBCALL | SLB LIMITED/NV | $34.4M | — | +274% | 57.9 |
| 134 | $CGON | CG Oncology, Inc. | $34.4M | 1.2% | +28% | 27 |
| 135 |  $AVGOCALL | Broadcom Inc. | $33.1M | — | NEW | 84.5 |
| 136 | $REPLCALL | Replimune Group, Inc. | $32.7M | — | +231% | — |
| 137 |  $VIAVPUT | VIAVI SOLUTIONS INC. | $32.1M | — | NEW | 51.5 |
| 138 |  $GEOCALL | GEO GROUP INC | $31.2M | — | -2% | 54.5 |
| 139 |  $SOFICALL | SoFi Technologies, Inc. | $30.8M | — | +61% | 62.4 |
| 140 |  $AKAMCALL | AKAMAI TECHNOLOGIES INC | $30.7M | — | +198% | 59.5 |
| 141 |  $BTSGCALL | BrightSpring Health Services, Inc. | $30.5M | — | +29% | 63.3 |
| 142 |  $RKLBCALL | Rocket Lab Corp | $30.5M | — | NEW | 39.9 |
| 143 |  $FLGCALL | FLAGSTAR BANK, NATIONAL ASSOCIATION | $30.1M | — | -21% | 37.6 |
| 144 |  $UNHPUT | UNITEDHEALTH GROUP INC | $29.8M | — | -83% | 62.7 |
| 145 |  $VRTXPUT | VERTEX PHARMACEUTICALS INC / MA | $29.8M | — | +0% | 75.4 |
| 146 |  $FLRCALL | FLUOR CORP | $29.8M | — | -37% | 47.6 |
| 147 |  $DPZPUT | DOMINOS PIZZA INC | $29.6M | — | NEW | 60.1 |
| 148 | — | SPDR SERIES TRUST - ST STR SP REGBNK | $29.6M | 1.0% | NEW | — |
| 149 |  $HOODPUT | Robinhood Markets, Inc. | $29.3M | — | +18% | 82.1 |
| 150 |  $JNJCALL | JOHNSON & JOHNSON | $29.2M | — | +15% | 69 |
New Positions (685)
$TSM TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD$270.2M$SPCXCALL SPACE EXPLORATION TECHNOLOGIES CORP$115.3M$LRCXPUT LAM RESEARCH CORP$67.2M$CRMCALL Salesforce, Inc.$62.8M$VSATPUT VIASAT INC$53.4M$NVSPUT NOVARTIS AG$52.5M$IONSCALL IONIS PHARMACEUTICALS INC$50.0M$SMCIPUT Super Micro Computer, Inc.$48.0M$VRSNCALL VERISIGN INC/CA$46.5M$INTCCALL INTEL CORP$46.3M$LLYPUT ELI LILLY & Co$43.8MExited Positions (572)
$AMDPUT ADVANCED MICRO DEVICES INC
$CEGCALL Constellation Energy Corp
$OKECALL ONEOK INC /NEW/
$WMTPUT Walmart Inc.
$TERNCALL Terns Pharmaceuticals, Inc.$METAPUT Meta Platforms, Inc.
$VRSKCALL Verisk Analytics, Inc.
$KNSACALL Kiniksa Pharmaceuticals International, plc
$TJXPUT TJX COMPANIES INC /DE/
$GEVPUT GE Vernova Inc.
$UALCALL United Airlines Holdings, Inc.
$MASICALL MASIMO CORP$BACALL BOEING CO
$SLNOPUT SOLENO THERAPEUTICS INCBrowse Top Institutional Investors
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