DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Caption Management, LLC
Latest filing Mar 24, 2026
First filing on the tape Jun 27, 2017 · 17 filings
SEC status approved since Jul 31, 2017
RAUM
$3.4B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
22
12 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$3.4B as of Mar 24, 2026
Mar 27, 2018$316M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 27, 20180 then
Employees (5.A)22 as of Mar 24, 2026
Mar 27, 20187 then
Private funds1 as of Mar 24, 2026
Mar 27, 20183 then
RAUM +11% over the last fiscal year+44% a year over threeIARs 0 to 0offices 1 to 2
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- unknownderivedHNW RAUM over HNW clients
- Average account
- $682MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +11%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $1.2B, 2 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Pooled investment vehicles$3.4B100%
- Individual clients
- n/areported
- HNW clients
- n/areported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 5reported
- Financial planning clients
- reported
- Wrap fee programs
- noreported
- Custody of client assets
- $1.2B for 2 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
2 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Caption Partners II, LP | Hedge Fund | $624M | 89 | Jun 27, 2017 |
| Caption Partners, LPno longer reported | Hedge Fund | $45.6M | 15 | Jun 27, 2017 |
Owners and control persons
Schedule A and B, latest filing
- Marann Dylan Ballinger · Chief Compliance Officer And Chief Operating Officercontrolsince 03/2019 · owns less than 5%
- Sam Barnathan Jason Strasser · Managing Member, Chief Investment Officer And Chief Risk Officercontrolsince 02/2012 · owns 25% to 50%
Related persons
Schedule D 7.A
- Caption Gp, LLCpooled vehicle sponsorn
Offices
Schedule D 1.F, the 25 largest
- New York, NY6 employees
ADV anomalies
0 against comparable advisers; where to look, not conclusions
Nothing stands out against peers.
Data quality: the 2026-06-30 holdings report shows $21,458,496,894 across 1595 positions while Form ADV reports RAUM of $3,407,703,418 (6.3x); one of the two is misfiled, misattributed or in the wrong unit
What changed
consecutive filings, newest first
- Accounts · 4 to 5Mar 26, 2025 to Mar 24, 2026
- Advisory employees · 10 to 12Mar 26, 2025 to Mar 24, 2026
- Pooled vehicle clients · 4 to 5Mar 26, 2025 to Mar 24, 2026
- Assets in custody · $1.1B to $1.2BMar 26, 2025 to Mar 24, 2026
- Employees · 19 to 22Mar 26, 2025 to Mar 24, 2026
- Other offices · 1 to 2Mar 26, 2025 to Mar 24, 2026
- Discretionary RAUM · $3.1B to $3.4BMar 26, 2025 to Mar 24, 2026
- Pooled vehicle RAUM · $3.1B to $3.4BMar 26, 2025 to Mar 24, 2026
- RAUM · $3.1B to $3.4BMar 26, 2025 to Mar 24, 2026
- Accounts · 5 to 4Mar 28, 2024 to Mar 26, 2025
- Pooled vehicle clients · 5 to 4Mar 28, 2024 to Mar 26, 2025
- Assets in custody · $624M to $1.1BMar 28, 2024 to Mar 26, 2025
- Employees · 16 to 19Mar 28, 2024 to Mar 26, 2025
- Financial planning clients · unset to Mar 28, 2024 to Mar 26, 2025
- Discretionary RAUM · $1.7B to $3.1BMar 28, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $1.7B to $3.1BMar 28, 2024 to Mar 26, 2025
- RAUM · $1.7B to $3.1BMar 28, 2024 to Mar 26, 2025
- Advisory employees · 9 to 10Mar 28, 2023 to Mar 28, 2024
- Assets in custody · $423M to $624MMar 28, 2023 to Mar 28, 2024
- Employees · 14 to 16Mar 28, 2023 to Mar 28, 2024
- Discretionary RAUM · $1.2B to $1.7BMar 28, 2023 to Mar 28, 2024
- Pooled vehicle RAUM · $1.2B to $1.7BMar 28, 2023 to Mar 28, 2024
- RAUM · $1.2B to $1.7BMar 28, 2023 to Mar 28, 2024
- Advisory employees · 7 to 9Mar 22, 2022 to Mar 28, 2023
- Assets in custody · $933M to $423MMar 22, 2022 to Mar 28, 2023
- Employees · 13 to 14Mar 22, 2022 to Mar 28, 2023
- Private funds · 2 to 1Mar 22, 2022 to Mar 28, 2023
- Discretionary RAUM · $1.8B to $1.2BMar 22, 2022 to Mar 28, 2023
- Pooled vehicle RAUM · $1.8B to $1.2BMar 22, 2022 to Mar 28, 2023
- RAUM · $1.8B to $1.2BMar 22, 2022 to Mar 28, 2023
- Assets in custody · $515M to $933MFeb 25, 2022 to Mar 22, 2022
- Employees · 12 to 13Feb 25, 2022 to Mar 22, 2022
- Discretionary RAUM · $1.2B to $1.8BFeb 25, 2022 to Mar 22, 2022
- Pooled vehicle RAUM · $1.2B to $1.8BFeb 25, 2022 to Mar 22, 2022
- RAUM · $1.2B to $1.8BFeb 25, 2022 to Mar 22, 2022
- Advisory employees · 11 to 7Mar 26, 2020 to Mar 30, 2021
- Assets in custody · $402M to $515MMar 26, 2020 to Mar 30, 2021
- Private funds · 3 to 2Mar 26, 2020 to Mar 30, 2021
- Discretionary RAUM · $804M to $1.2BMar 26, 2020 to Mar 30, 2021
- Pooled vehicle RAUM · $804M to $1.2BMar 26, 2020 to Mar 30, 2021
Signals
11 dated events
- Caption Management, Llc reported RAUM $3.1B, up 80% from $1.7B (2024-03-28 to 2025-03-26)Mar 26, 2025 · RAUM change · derived
- Caption Management, Llc reported RAUM $1.7B, up 48% from $1.2B (2023-03-28 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Caption Management, Llc reported RAUM $1.2B, down 36% from $1.8B (2022-03-22 to 2023-03-28)Mar 28, 2023 · RAUM change · derived
- Caption Management, Llc reported RAUM $1.8B, up 48% from $1.2B (2022-02-25 to 2022-03-22)Mar 22, 2022 · RAUM change · derived
- Caption Management, Llc reported RAUM $1.2B, up 52% from $803.9M (2020-03-26 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Caption Management, Llc reported RAUM $803.9M, up 63% from $492.0M (2019-08-23 to 2020-03-26)Mar 26, 2020 · RAUM change · derived
- Caption Management, Llc reported RAUM $492.0M, down 28% from $684.7M (2019-03-21 to 2019-04-30)Apr 30, 2019 · RAUM change · derived
- Marann Dylan Ballinger (Chief Compliance Officer) appeared on Schedule A of Caption Management, LlcMar 21, 2019 · Control person joined · fact
- Caption Management, Llc reported RAUM $684.7M, up 232% from $206.4M (2018-05-02 to 2019-03-08)Mar 8, 2019 · RAUM change · derived
- Caption Management, Llc reported RAUM $206.4M, down 35% from $316.3M (2018-03-27 to 2018-05-02)May 2, 2018 · RAUM change · derived
- Caption Management, Llc filed its initial SEC registration (Form ADV)Jun 27, 2017 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/caption-partners-lpreportedpublic record, Form ADV, Sep 17, 2026
- Website
- captionpartners.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 347-797-5101reportedpublic record, Form ADV, Mar 24, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026