CAPTION MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 16 14.29%
of those in investment advisory functions 10 11.11%
Registration Oklahoma, Terminated, 8/4/2017
Other registrations (1)
AUM* 1,706,753,895 48.28%
of that, discretionary 1,706,753,895 48.28%
Private Fund GAV* 624,216,259 33.28%
Avg Account Size 341,350,779 48.28%
SMA’s No
Private Funds 1
Contact Info 347 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 772M 515M 257M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$624,216,259

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker336433107 Stock NameFIRST SOLAR INC (PUT) $ Position$254,115,966 % Position4.00% $ Change2869.00% # Change2123.00%
Stck Ticker03073E105 Stock NameCENCORA INC (CALL) $ Position$97,464,780 % Position2.00% $ Change-7.00% # Change0.00%
Stck Ticker833445109 Stock NameSNOWFLAKE INC (CALL) $ Position$128,335,500 % Position2.00% $ Change # Change
Stck Ticker92343V104 Stock NameVERIZON COMMUNICATIONS INC (PUT) $ Position$98,980,124 % Position2.00% $ Change-2.00% # Change0.00%
Stck Ticker92343V104 Stock NameVERIZON COMMUNICATIONS INC $ Position$105,384,696 % Position2.00% $ Change-2.00% # Change0.00%
Stck Ticker149123101 Stock NameCATERPILLAR INC (PUT) $ Position$99,263,800 % Position2.00% $ Change6.00% # Change16.00%
Stck Ticker02043Q107 Stock NameALNYLAM PHARMACEUTICALS INC (PUT) $ Position$118,972,800 % Position2.00% $ Change615.00% # Change340.00%
Stck Ticker172967424 Stock NameCITIGROUP INC (PUT) $ Position$107,076,058 % Position2.00% $ Change0.00% # Change0.00%
Stck Ticker172967424 Stock NameCITIGROUP INC $ Position$109,151,200 % Position2.00% $ Change-1.00% # Change-2.00%
Stck Ticker02043Q107 Stock NameALNYLAM PHARMACEUTICALS INC (CALL) $ Position$68,769,000 % Position1.00% $ Change39.00% # Change-14.00%

Brochure Summary

Overview

Caption Management, LLC (the “Investment Manager”) is a Delaware limited liability company that was formed in February 2012. The Investment Manager is primarily owned by Jason Strasser and William Cooper. The Investment Manager provides discretionary investment advice to a private fund (the “Caption Fund”). The Investment Manager also provides discretionary investment advice to private funds through separately managed account arrangements, referred to herein as the separately managed accounts. References herein to the “Accounts” means the Caption Fund, such separately managed accounts and any other fund or account that may be managed by the Investment Manager in the future. The Investment Manager does not permit investors in the Accounts to impose limitations on the investment
activities described in the offering documents or the governing documents of the applicable Account. Under certain circumstances, the Investment Manager will contract with a separately managed account client to adhere to limited risk and/or operating guidelines imposed by that client. The Investment Manager negotiates such arrangements on a case-by-case basis. (See Item 16 “Investment Discretion.”) The general partner of the Caption Fund is Caption GP, LLC (the “General Partner”), a Delaware limited liability company. The Investment Manager does not participate in wrap fee programs. As of December 31, 2023, the Investment Manager’s total regulatory assets under management were $1,706,753,895, all of which are managed on a discretionary basis.