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Caption Management, LLC
Jason Strasser · Hedge Fund · Multi-Strategy
Caption Management, LLC is a hedge fund management firm headquartered in Oklahoma City, Oklahoma. Established in 2012 by Jason Strasser and William Cooper, the firm specializes in investment strategies that leverage fundamental research to identify and exploit inefficiencies in the equity and options markets. The institution manages a variety of pooled investment vehicles, primarily focusing on U.S. common stocks and their derivatives. Its approach combines deep qualitative analysis with sophisticated trading techniques to capitalize on stock price movements and market volatility. Over the years, Caption Management has grown its assets under management significantly, maintaining a reputation for navigating complex market environments through an opportunistic and risk-aware lens.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +30.2% |
| YTD return | +19.5% |
| Sharpe ratio | 3.64 |
| Win rate | 51% |
| AUM | $1.7B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $1.7B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.captionpartners.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| NVDA | NVIDIA Corporation | 24.2% | +12.5% |
| MSFT | Microsoft Corporation | 15.8% | -4.0% |
| TSM | Taiwan Semiconductor Manufacturing | 14.2% | +3.7% |
| OWL | Blue Owl Capital Inc | 11.5% | -2.6% |
| TSLA | Tesla Inc | 8.3% | -18.2% |
| AMZN | Amazon.com Inc | 6.8% | +11.5% |
| GOOGL | Alphabet Inc Class A | 3.8% | +17.3% |
| CGON | CG Oncology, Inc. Common stock | 2.2% | +22.5% |
| INSM | Insmed Inc | 1.7% | +1.5% |
| SNDK | Sandisk Corp | 1.5% | +12.0% |
| TTWO | Take-Two Interactive Software Inc | 1.5% | -11.2% |
| ERAS | Erasca Inc | 1.1% | -18.4% |
| MDB | MongoDB | 1.1% | -14.2% |
| DSGN | Design Therapeutics Inc | 1.0% | -19.3% |
| JNJ | Johnson & Johnson | 1.0% | +14.2% |
| META | Meta Platforms Inc. | 0.9% | +9.4% |
| CELC | Celcuity LLC | 0.9% | -8.9% |
| ROST | Ross Stores Inc | 0.9% | -1.2% |
| CRCL | Circle Internet Group, Inc. | 0.9% | +5.1% |
| GILD | Gilead Sciences Inc | 0.9% | +3.6% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | IMCR | 1.8% → 0.0% |
| Aug 31, 2026 | BUY | ERAS | 0.0% → 1.1% |
| Aug 31, 2026 | BUY | MDB | 0.0% → 1.1% |
| Aug 31, 2026 | BUY | INSM | 0.0% → 1.7% |
| Aug 31, 2026 | SELL | TSLA | 8.2% → 8.3% |
Investment Style Analysis
Caption Management, LLC is widely recognized for employing a Multi-Strategy strategy. As of Sep 18, 2026, the firm oversees approximately $1.7B in assets under management (AUM). The portfolio demonstrates a clear preference for the Semiconductors and Software - Infrastructure sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Caption Management, LLC made a significant move by reducing the position in IMCR. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The core investment philosophy of Caption Management, LLC is centered on the integration of fundamental security analysis with options-based trading to achieve asymmetric returns. The firm believes that a thorough understanding of company-specific fundamentals allows it to better anticipate the distribution of future stock prices. This insight is used to construct trades that offer significantly larger potential payouts relative to the risks assumed. Their strategy includes a mix of long-term fundamental positions and shorter-term opportunistic trades, often involving equity options and volatility-related instruments, to profit from market dislocations and price inefficiencies.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Caption Management, LLC.
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Frequently asked questions
How is the simulated portfolio for Caption Management, LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Caption Management, LLC's largest holding?
As of the latest filing, Caption Management, LLC's top position is NVIDIA Corporation (NVDA), representing 24.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is Caption Management, LLC's historical performance and risk profile?
Our simulation indicates a total return of +30.2% with a win rate of 51%. Notably, the portfolio maintains a Sharpe Ratio of 3.64, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Caption Management, LLC primarily invest in?
Caption Management, LLC has a strong preference for the Semiconductors sector, which makes up 38.4% of their disclosed assets. The portfolio also has exposure to Software - Infrastructure, indicating a specific thematic focus.
Is Caption Management, LLC's portfolio concentrated or diversified?
Caption Management, LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 54.2% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Caption Management, LLC performed in 2026?
Our AI-simulated model portfolio for Caption Management, LLC tracks a Year-to-Date (YTD) return of +19.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jason Strasser manage Caption Management, LLC directly?
Yes, Jason Strasser serves as the key portfolio manager for Caption Management, LLC, overseeing the investment strategy and final capital allocation decisions.