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Portfolio (Quarterly) Guide ↗

Caption Management, LLC

· CIK 0001706766
13F Portfolio $14.6B AUM 1,512 positions Filed Feb 17, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 578 New 387 Added 337 Reduced 673 Exited
Page 1 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 NVDA PUT NVIDIA CORPORATION Technology 1,250,000.0 $233.1M 1.60% +750K +150.0% $186.50 +15.5%
2 NVDA NVIDIA CORPORATION Technology 1,161,100.0 $216.5M 1.49% +661K +132.2% $186.50 +15.5%
3 INTU PUT INTUIT Technology 302,700.0 $200.5M 1.38% +7K +2.5% $662.42 -51.7%
4 WBD PUT WARNER BROS DISCOVERY INC Communication Services 5,104,700.0 $147.1M 1.01% +4.2M +483.4% $28.82 -6.2%
5 WBD CALL WARNER BROS DISCOVERY INC Communication Services 4,974,500.0 $143.4M 0.98% +3.8M +329.5% $28.82 -6.2%
6 ARKK PUT ARK ETF TR 1,656,400.0 $127.4M 0.87% +1.1M +178.4% $76.92 -0.7%
7 GOOG ALPHABET INC Communication Services 397,000.0 $124.6M 0.85% +178K +81.5% $313.80 +20.9%
8 GOOG PUT ALPHABET INC Communication Services 378,700.0 $118.8M 0.81% +150K +65.6% $313.80 +20.9%
9 VRT PUT VERTIV HOLDINGS CO Industrials 719,300.0 $116.5M 0.80% +679K +1698.2% $162.01 +102.1%
10 SATS CALL ECHOSTAR CORP Technology 941,100.0 $102.3M 0.70% +271K +40.4% $108.70 +14.3%
11 MP CALL MP MATERIALS CORP Basic Materials 1,994,500.0 $100.8M 0.69% +1.6M +416.7% $50.52 +27.6%
12 EWC PUT ISHARES INC 1,800,000.0 $97.1M 0.67% +400K +28.6% $53.93 +8.5%
13 RDDT PUT REDDIT INC Communication Services 402,300.0 $92.5M 0.63% +43K +11.9% $229.87 -38.4%
14 GEV PUT GE VERNOVA INC Utilities 139,200.0 $91.0M 0.62% +125K +894.3% $653.57 +58.9%
15 ORCL PUT ORACLE CORP Technology 449,200.0 $87.6M 0.60% +334K +290.6% $194.91 -1.5%
16 COF CALL CAPITAL ONE FINL CORP Financial Services 347,500.0 $84.2M 0.58% +192K +123.0% $242.36 -22.5%
17 COIN CALL COINBASE GLOBAL INC Financial Services 335,000.0 $75.8M 0.52% +55K +19.6% $226.14 -18.2%
18 CLS CALL CELESTICA INC Technology 248,500.0 $73.5M 0.50% +174K +235.8% $295.61 +24.3%
19 CZR CALL CAESARS ENTERTAINMENT INC NE Consumer Cyclical 3,110,000.0 $72.7M 0.50% +2.3M +288.8% $23.39 +21.7%
20 ASTS CALL AST SPACEMOBILE INC Technology 940,500.0 $68.3M 0.47% +444K +89.6% $72.63 +45.8%
Page 1 of 20  ·  387 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 33.0%
Consumer Cyclical 18.3%
Healthcare 14.6%
Communication Services 11.8%
Financial Services 7.3%
Energy 4.3%
Industrials 3.7%
Basic Materials 2.6%
Consumer Defensive 2.2%
Utilities 1.2%