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Caption Management, LLC — 13F Holdings & Portfolio

CIK 1706766 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Caption Management, LLC manages $21.46B in 13F-reported U.S. long-equity assets across 1,595 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are META (5.14%), WDC (2.96%), NVDA (1.71%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 237 new positions, exited 232, added to 151, and trimmed 133.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
499 W SHERIDAN AVE
SUITE 2250
OKLAHOMA CITY, OK 73102
Phone
(347) 797-5104
Filing Manager
Caption Management, LLC
OKLAHOMA CITY, OK
Signatory
Dylan Ballinger
Chief Compliance & Chief Operating Officer
Loading holdings…
AUM

$21.46B

Long-equity book

Holdings

1,595

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+237 / −232 / ↑151 / ↓133

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • MICROSOFT CORP$182.7M +1947.2%
  • NVIDIA CORPORATION$105.0M +39.9%
  • ALPHABET INC$64.2M +17946.1%
  • SELECT SECTOR SPDR TR$60.0M +3623.6%
  • TESLA INC$55.9M +50.1%
Show all 151 →

Top Trims

  • META PLATFORMS INC-$49.1M -76.3%
  • UNITED THERAPEUTICS CORP DEL-$39.1M -88.5%
  • TAKE-TWO INTERACTIVE SOFTWAR-$26.0M -50.4%
  • ALPHABET INC-$24.1M -98.9%
  • STANLEY BLACK & DECKER INC-$18.9M -94.7%
Show all 133 →

New Positions

  • TAIWAN SEMICONDUCTOR MANUFAC$270.2M
  • SELECT SECTOR SPDR TR$53.7M
  • SPDR SERIES TRUST$29.6M
  • INSMED INC$25.2M
  • ERASCA INC$19.1M
Show all 237 →

Exited Positions

  • PLANET LABS PBC$24.9M
  • GLOBAL X FDS$21.5M
  • CONSTELLATION ENERGY CORP$20.1M
  • CYTOKINETICS INC$16.1M
  • ENLIVEN THERAPEUTICS INC$14.5M
Show all 232 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 META PLATFORMS INC Call META 30303M102 $1.10B 5.14% 1,957,500 SH
2 WESTERN DIGITAL CORP Put WDC 958102105 $636.2M 2.96% 996,000 SH
3 NVIDIA CORPORATION NVDA 67066G104 $367.9M 1.71% 1,838,800 SH
4 AMAZON COM INC Call AMZN 023135106 $312.9M 1.46% 1,313,000 SH
5 WARNER BROS DISCOVERY INC Put WBD 934423104 $307.2M 1.43% 11,521,600 SH
6 NVIDIA CORPORATION Put NVDA 67066G104 $296.1M 1.38% 1,480,000 SH
7 MICROSOFT CORP Call MSFT 594918104 $280.5M 1.31% 752,000 SH
8 TAIWAN SEMICONDUCTOR MANUFAC Put TSM 874039100 $278.4M 1.30% 583,000 SH
9 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $270.2M 1.26% 565,700 SH
10 TAKE-TWO INTERACTIVE SOFTWAR Put TTWO 874054109 $260.7M 1.21% 1,042,900 SH
11 CARVANA CO Put CVNA 146869102 $249.9M 1.16% 3,797,300 SH
12 BLUE OWL CAPITAL INC Put OWL 09581B103 $209.3M 0.98% 23,915,000 SH
13 UNITED THERAPEUTICS CORP DEL Put UTHR 91307C102 $204.9M 0.95% 378,200 SH
14 UNITED THERAPEUTICS CORP DEL Call UTHR 91307C102 $198.6M 0.93% 366,600 SH
15 CARVANA CO Call CVNA 146869102 $195.8M 0.91% 2,975,000 SH
16 MICROSOFT CORP MSFT 594918104 $192.1M 0.90% 515,000 SH
17 MICROSOFT CORP Put MSFT 594918104 $186.5M 0.87% 500,000 SH
18 VANECK ETF TRUST Put SMH 92189F676 $173.8M 0.81% 265,000 SH
19 GILEAD SCIENCES INC Call GILD 375558103 $170.3M 0.79% 1,347,600 SH
20 TESLA INC Put TSLA 88160R101 $168.2M 0.78% 400,000 SH
21 SPDR SERIES TRUST Put KRE 78464A698 $168.2M 0.78% 2,247,000 SH
22 TESLA INC TSLA 88160R101 $167.3M 0.78% 397,700 SH
23 LUMENTUM HLDGS INC Call LITE 55024U109 $150.2M 0.70% 175,000 SH
24 ELECTRONIC ARTS INC Put EA 285512109 $143.5M 0.67% 700,000 SH
25 BLUE OWL CAPITAL INC OWL 09581B103 $140.0M 0.65% 15,995,905 SH
26 ROYAL CARIBBEAN GROUP Call RCL V7780T103 $132.6M 0.62% 417,500 SH
27 REVOLUTION MEDICINES INC Call RVMD 76155X100 $126.9M 0.59% 677,800 SH
28 CG ONCOLOGY INC Call CGON 156944100 $126.4M 0.59% 1,779,200 SH
29 TERAWULF INC Call WULF 88080T104 $122.0M 0.57% 4,938,500 SH
30 ALPHABET INC Put GOOG 02079K107 $120.1M 0.56% 340,000 SH
31 SYNOPSYS INC Put SNPS 871607107 $119.8M 0.56% 268,500 SH
32 WARNER BROS DISCOVERY INC Call WBD 934423104 $119.0M 0.55% 4,462,700 SH
33 SPACE EXPLORATION TECHN CORP Call SPCX 84615Q103 $115.3M 0.54% 675,000 SH
34 NVIDIA CORPORATION Call NVDA 67066G104 $112.5M 0.52% 562,000 SH
35 MP MATERIALS CORP Call MP 553368101 $111.2M 0.52% 1,985,000 SH
36 AMAZON COM INC Put AMZN 023135106 $108.8M 0.51% 456,600 SH
37 ISHARES TR Put SOXX 464287523 $107.6M 0.50% 168,000 SH
38 REDDIT INC Call RDDT 75734B100 $106.8M 0.50% 615,400 SH
39 ISHARES INC Put EWC 464286509 $103.4M 0.48% 1,794,300 SH
40 AMAZON COM INC AMZN 023135106 $102.0M 0.48% 428,000 SH
41 CORE SCIENTIFIC INC NEW Call CORZ 21874A106 $98.5M 0.46% 3,850,100 SH
42 SEAGATE TECHNOLOGY HLDNGS PL Put STX G7997R103 $96.5M 0.45% 100,000 SH
43 DATADOG INC Call DDOG 23804L103 $95.0M 0.44% 364,700 SH
44 BITDEER TECHNOLOGIES GROUP Call BTDR G11448100 $93.1M 0.43% 5,866,800 SH
45 SEZZLE INC Put SEZL 78435P105 $92.7M 0.43% 540,100 SH
46 AST SPACEMOBILE INC Call ASTS 00217D100 $92.4M 0.43% 1,040,000 SH
47 WAYFAIR INC Call W 94419L101 $91.5M 0.43% 990,000 SH
48 DATADOG INC Put DDOG 23804L103 $88.5M 0.41% 340,000 SH
49 CG ONCOLOGY INC Put CGON 156944100 $84.9M 0.40% 1,195,200 SH
50 SPDR SERIES TRUST Put XBI 78464A870 $82.7M 0.39% 522,700 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $21.46B 1,595 0001706766-26-000005
2026-03-31 2026-05-15 $17.12B 1,484 0001706766-26-000004
2025-12-31 2026-02-17 $14.58B 1,512 0001706766-26-000002
2025-09-30 2025-11-14 $12.82B 1,607 0001706766-25-000009