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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 14 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 MARA PUT MARA HOLDINGS INC Financial Services 325,000.0 $2.9M 0.02% +225K +225.0% $8.98 +53.8%
262 INFY PUT INFOSYS LTD Technology 160,000.0 $2.9M 0.02% +90K +128.6% $17.82 -28.9%
263 IP INTERNATIONAL PAPER CO Consumer Cyclical 70,000.0 $2.8M 0.02% +60K +566.7% $39.39 -20.6%
264 CC CALL CHEMOURS CO Basic Materials 228,300.0 $2.7M 0.02% +192K +528.9% $11.79 +81.3%
265 HOG PUT HARLEY DAVIDSON INC Consumer Cyclical 131,200.0 $2.7M 0.02% +94K +249.9% $20.49 +15.8%
266 AGIO AGIOS PHARMACEUTICALS INC Healthcare 93,486.0 $2.5M 0.02% +76K +434.4% $27.22 +3.4%
267 QS QUANTUMSCAPE CORP Consumer Cyclical 242,100.0 $2.5M 0.02% +43K +21.8% $10.42 -21.3%
268 KVUE KENVUE INC Consumer Defensive 144,000.0 $2.5M 0.02% +9K +6.9% $17.25 +1.6%
269 TROX TRONOX HOLDINGS PLC Basic Materials 594,792.0 $2.5M 0.02% +115K +23.9% $4.17 +81.1%
270 NTGR PUT NETGEAR INC Technology 100,000.0 $2.5M 0.02% +11K +12.9% $24.53 +5.1%
271 BCH CALL BANCO DE CHILE Financial Services 64,200.0 $2.4M 0.02% +57K +804.2% $38.00 -1.2%
272 FHN PUT FIRST HORIZON CORPORATION Financial Services 100,000.0 $2.4M 0.02% +80K +400.0% $23.90 +1.4%
273 MUX CALL MCEWEN INC. Basic Materials 125,000.0 $2.3M 0.02% +100K +400.0% $18.51 +14.2%
274 AAOI CALL APPLIED OPTOELECTRONICS INC Technology 65,000.0 $2.3M 0.02% +25K +61.3% $34.86 +420.6%
275 ACVA CALL ACV AUCTIONS INC Consumer Cyclical 279,800.0 $2.2M 0.01% +130K +86.5% $8.02 -25.8%
276 ROCK PUT GIBRALTAR INDS INC Industrials 45,200.0 $2.2M 0.01% +44K +4420.0% $49.44 -24.8%
277 REPL REPLIMUNE GROUP INC Healthcare 228,570.0 $2.2M 0.01% +59K +34.5% $9.72 -49.5%
278 GT CALL GOODYEAR TIRE & RUBR CO Consumer Cyclical 250,000.0 $2.2M 0.01% +50K +25.0% $8.76 -32.8%
279 FSK PUT FS KKR CAP CORP Financial Services 146,400.0 $2.2M 0.01% +46K +46.4% $14.81 -27.2%
280 CRITICAL METALS CORP 791,316.0 $2.2M 0.01% +375K +89.9% $2.73
Page 14 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%