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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 11 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 TECH BIO-TECHNE CORP Healthcare 100,000.0 $5.9M 0.04% +20K +25.0% $58.81 -18.0%
202 HP CALL HELMERICH & PAYNE INC Energy 200,000.0 $5.7M 0.04% +100K +100.0% $28.68 +39.1%
203 CELH CALL CELSIUS HLDGS INC Consumer Defensive 125,000.0 $5.7M 0.04% +75K +150.0% $45.74 -34.1%
204 ADMA CALL ADMA BIOLOGICS INC Healthcare 312,500.0 $5.7M 0.04% +15K +5.0% $18.24 -54.8%
205 HUN CALL HUNTSMAN CORP Basic Materials 565,000.0 $5.7M 0.04% +285K +101.8% $10.00 +45.1%
206 IMMR PUT IMMERSION CORP Technology 828,300.0 $5.6M 0.04% +208K +33.6% $6.80 -7.8%
207 LQDA LIQUIDIA CORPORATION Healthcare 162,538.0 $5.6M 0.04% +83K +103.6% $34.49 +76.8%
208 CONFLUENT INC 182,115.0 $5.5M 0.04% +42K +30.1% $30.24
209 HMY CALL HARMONY GOLD MINING CO LTD Basic Materials 275,000.0 $5.5M 0.04% +235K +587.5% $19.90 -15.8%
210 EGO CALL ELDORADO GOLD CORP NEW Basic Materials 151,400.0 $5.4M 0.04% +40K +35.9% $35.92 -12.8%
211 VST VISTRA CORP Utilities 33,000.0 $5.3M 0.04% +17K +108.9% $161.33 -3.1%
212 TEVA CALL TEVA PHARMACEUTICAL INDS LTD Healthcare 169,500.0 $5.3M 0.04% +90K +111.9% $31.21 +9.2%
213 FDX FEDEX CORP Industrials 18,150.0 $5.2M 0.04% +7K +62.8% $288.86 +36.5%
214 RARE ULTRAGENYX PHARMACEUTICAL IN Healthcare 219,500.0 $5.0M 0.04% +55K +33.4% $23.00 +1.7%
215 CALL WW INTL INC 170,300.0 $5.0M 0.03% +160K +1603.0% $29.22
216 NBIX CALL NEUROCRINE BIOSCIENCES INC Healthcare 35,000.0 $5.0M 0.03% +5K +16.7% $141.83 +10.5%
217 CPNG CALL COUPANG INC Consumer Cyclical 210,000.0 $5.0M 0.03% +60K +40.0% $23.59 -31.7%
218 KRYS PUT KRYSTAL BIOTECH INC Healthcare 20,000.0 $4.9M 0.03% +15K +300.0% $246.54 +21.5%
219 CRSP PUT CRISPR THERAPEUTICS AG Healthcare 93,500.0 $4.9M 0.03% +4K +3.9% $52.44 -4.0%
220 ZEVRA THERAPEUTICS INC 540,112.0 $4.8M 0.03% +30K +5.9% $8.96
Page 11 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%