SEC 13F Intelligence

Managers / Q1 2026

Caption Management, LLC

CIK 0001706766 · 499 W SHERIDAN AVE, SUITE 2250, OKLAHOMA CITY, OK, 73102 · 3477975104

Reported Value
$17.1B
Q1 2026
Positions
1,484
Filings on Record
30
2019–present window
Filed
May 15, 2026
original filing

Summary

Caption Management, LLC reported $17.1B in U.S.-listed holdings across 1,484 positions for Q1 2026.

Its largest position, NVDA, represents 1.5% of the portfolio.

Compared with Q4 2025, the fund opened 313 new positions and exited 322.

Portfolio Metrics

Turnover
+41.2%
vs prior filed quarter
Largest Position
+1.5%
Nvidia Corporation
New / Exited
313 / 322
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.3BQ4 ’18Q1 ’19: $1.8BQ2 ’19: $2.0BQ3 ’19: $1.9BQ4 ’19: $3.0BQ4 ’19Q1 ’20: $1.8BQ2 ’20: $3.0BQ3 ’20: $4.3BQ4 ’20: $4.4BQ4 ’20Q1 ’21: $4.7BQ2 ’21: $7.7BQ3 ’21: $8.7BQ4 ’21: $8.9BQ4 ’21Q1 ’22: $8.3BQ2 ’22: $7.3BQ3 ’22: $7.2BQ4 ’22: $6.4BQ4 ’22Q1 ’23: $5.2BQ2 ’23: $5.6BQ3 ’23: $6.5BQ4 ’23: $7.4BQ4 ’23Q1 ’24: $6.6BQ2 ’24: $6.5BQ3 ’24: $6.3BQ4 ’24: $10.6BQ4 ’24Q1 ’25: $10.4BQ2 ’25: $9.0BQ3 ’25: $12.8BQ4 ’25: $14.6BQ4 ’25Q1 ’26: $17.1Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.7%ETP: 5.9%Other: 4.8%ADR: 2.6%REIT: 0.5%Other: 0.6%
  • Common Stock · 85.7% · $14.7B
  • ETP · 5.9% · $1.0B
  • Other · 4.8% · $816M
  • ADR · 2.6% · $437M
  • REIT · 0.5% · $82M
  • Other · 0.6% · $109M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+2.21M2.21M+$1.3B$1.3B
EAELECTRONIC ARTS INCNEW+1.71M1.71M+$348M$348M
ISHARES TRNEW+1.85M1.85M+$148M$148M
SELECT SECTOR SPDR TRNEW+898.5K898.5K+$74M$74M
MDGLMADRIGAL PHARMACEUTICALS INCNEW+140.0K140.0K+$73M$73M
CITHE CIGNA GROUPNEW+273.0K273.0K+$73M$73M
XLBSELECT SECTOR SPDR TRNEW+1.29M1.29M+$65M$65M
XLCSELECT SECTOR SPDR TRNEW+562.5K562.5K+$62M$62M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

5 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM1.54%$263M1.51M
2OWLBLUE OWL CAPITAL INChistory →COM CL A0.81%$138M15.12M
3TSLATESLA INChistory →COM0.65%$111M299.7K
4AMZNAMAZON COM INChistory →COM0.62%$107M513.8K
5METAMETA PLATFORMS INChistory →CL A0.38%$64M112.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$17.1B1,484May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$14.6B1,512Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$12.8B1,607Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$9.0B1,379Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$10.4B1,439May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$10.6B1,418Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.3B1,226Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$6.5B1,114Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$6.6B1,125May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$7.4B1,292Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$6.5B1,240Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$5.6B1,059Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$5.2B1,031May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$6.4B1,231Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$7.2B1,459Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$7.3B1,412Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$8.3B1,403May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$8.9B1,546Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$8.7B1,465Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$7.7B1,246Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$4.7B992May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$4.4B935Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$4.3B997Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$3.0B894Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.8B822May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$3.0B801Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$1.9B680Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.0B641Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.8B540May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.3B452Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.