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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 12 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 WVE CALL WAVE LIFE SCIENCES LTD Healthcare 284,400.0 $4.8M 0.03% +100K +54.2% $17.00 -62.5%
222 EE CALL EXCELERATE ENERGY INC Utilities 170,000.0 $4.8M 0.03% +8K +4.9% $28.05 +28.5%
223 TGTX PUT TG THERAPEUTICS INC Healthcare 159,700.0 $4.8M 0.03% +1K +0.7% $29.81 +30.4%
224 IONS PUT IONIS PHARMACEUTICALS INC Healthcare 60,000.0 $4.7M 0.03% +15K +33.3% $79.11 -4.5%
225 SNOW SNOWFLAKE INC Technology 21,438.0 $4.7M 0.03% +21K +4311.1% $219.36 -21.5%
226 APLD PUT APPLIED DIGITAL CORP Technology 190,000.0 $4.7M 0.03% +115K +153.3% $24.52 +87.1%
227 TMO THERMO FISHER SCIENTIFIC INC Healthcare 8,000.0 $4.6M 0.03% +6K +400.0% $579.45 -22.6%
228 PPTA CALL PERPETUA RESOURCES CORP Basic Materials 188,600.0 $4.6M 0.03% +139K +277.2% $24.21 +4.6%
229 PG CALL PROCTER AND GAMBLE CO Consumer Defensive 30,000.0 $4.3M 0.03% +9K +42.9% $143.31 +0.8%
230 SGML CALL SIGMA LITHIUM CORPORATION Basic Materials 325,100.0 $4.3M 0.03% +325K +10000.0% $13.19 +12.8%
231 PZZA PAPA JOHNS INTL INC Consumer Cyclical 111,116.0 $4.3M 0.03% +97K +666.3% $38.49 -13.2%
232 SMMT CALL SUMMIT THERAPEUTICS INC Healthcare 240,000.0 $4.2M 0.03% +34K +16.8% $17.49 -5.0%
233 VSAT CALL VIASAT INC Technology 117,800.0 $4.1M 0.03% +18K +17.8% $34.46 +116.4%
234 F FORD MTR CO Consumer Cyclical 295,000.0 $3.9M 0.03% +180K +156.5% $13.12 +13.8%
235 SBUX STARBUCKS CORP Consumer Cyclical 45,500.0 $3.8M 0.03% +45K +9000.0% $84.21 +22.4%
236 ALIT CALL ALIGHT INC Technology 1,962,500.0 $3.8M 0.03% +1.2M +174.5% $1.95 -58.1%
237 TAN CALL INVESCO EXCH TRADED FD TR II 76,700.0 $3.8M 0.03% +28K +56.5% $49.12 +34.3%
238 TAN INVESCO EXCH TRADED FD TR II 76,574.0 $3.8M 0.03% +16K +25.7% $49.12 +34.3%
239 GTLB PUT GITLAB INC Technology 100,200.0 $3.8M 0.03% +50K +99.6% $37.53 -28.8%
240 JANX JANUX THERAPEUTICS INC Healthcare 272,500.0 $3.8M 0.03% +182K +202.8% $13.80 +5.2%
Page 12 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%