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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 10 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 MDLZ PUT MONDELEZ INTL INC Consumer Defensive 135,000.0 $7.3M 0.05% +120K +800.0% $53.83 +14.7%
182 NEBIUS GROUP N.V. 85,500.0 $7.2M 0.05% +42K +95.3% $83.71
183 IE PUT IVANHOE ELECTRIC INC Technology 423,600.0 $6.8M 0.05% +36K +9.3% $15.98 -26.2%
184 ICLN ISHARES TR 409,800.0 $6.7M 0.05% +30K +7.8% $16.43 +36.4%
185 IONS CALL IONIS PHARMACEUTICALS INC Healthcare 85,000.0 $6.7M 0.05% +15K +21.4% $79.11 -4.5%
186 GSAT PUT GLOBALSTAR INC Communication Services 110,000.0 $6.7M 0.05% +95K +633.3% $61.04 +36.0%
187 KDP CALL KEURIG DR PEPPER INC Consumer Defensive 238,000.0 $6.7M 0.05% +80K +50.2% $28.01 +4.0%
188 DAYFORCE INC 95,740.0 $6.6M 0.04% +72K +297.3% $69.16
189 NXE CALL NEXGEN ENERGY LTD Energy 712,700.0 $6.6M 0.04% +56K +8.5% $9.20 +15.9%
190 AGI CALL ALAMOS GOLD INC NEW Basic Materials 168,600.0 $6.5M 0.04% +2K +1.3% $38.58 -0.6%
191 GDX VANECK ETF TRUST 74,800.0 $6.4M 0.04% +74K +8030.4% $85.77 -0.9%
192 NXT PUT NEXTPOWER INC Technology 72,500.0 $6.3M 0.04% +35K +91.8% $87.11 +49.8%
193 APLD APPLIED DIGITAL CORP Technology 250,000.0 $6.1M 0.04% +80K +46.8% $24.52 +87.1%
194 XPERI INC 1,035,229.0 $6.1M 0.04% +703K +211.4% $5.86
195 Z ZILLOW GROUP INC Communication Services 88,227.0 $6.0M 0.04% +43K +95.3% $68.22 -46.1%
196 NEXTNAV INC 840,850.0 $6.0M 0.04% +341K +68.2% $7.15
197 VISN COMMSCOPE HLDG CO INC Technology 329,190.0 $6.0M 0.04% +42K +14.7% $18.13 -32.2%
198 CAR PUT AVIS BUDGET GROUP Industrials 46,400.0 $6.0M 0.04% +12K +36.5% $128.32 +30.2%
199 EQT EQT CORP Energy 110,450.0 $5.9M 0.04% +69K +164.9% $53.60 +8.1%
200 GM GENERAL MTRS CO Consumer Cyclical 72,600.0 $5.9M 0.04% +38K +109.8% $81.32 -3.1%
Page 10 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%