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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 17 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 PUT BARNES & NOBLE ED INC 118,800.0 $1.1M 0.01% +19K +18.7% $9.19
322 CMTG CLAROS MTG TR INC Real Estate 340,000.0 $1.0M 0.01% +43K +14.4% $3.06 -29.7%
323 AR ANTERO RESOURCES CORP Energy 29,446.0 $1.0M 0.01% +28K +2576.9% $34.46 +6.6%
324 ARM ARM HOLDINGS PLC Technology 9,250.0 $1.0M 0.01% +1K +12.1% $109.31 +180.4%
325 CALL GREAT LAKES DREDGE & DOCK CO 77,000.0 $1.0M 0.01% +37K +92.5% $13.12
326 BLUE OWL CAPITAL CORPORATION 80,000.0 $994K 0.01% +65K +433.3% $12.43
327 GEO GEO GROUP INC NEW Industrials 61,616.0 $993K 0.01% +52K +553.6% $16.12 +45.9%
328 CCOI COGENT COMMUNICATIONS HLDGS Communication Services 45,000.0 $970K 0.01% +22K +100.0% $21.56 -15.8%
329 STNG SCORPIO TANKERS INC Energy 18,860.0 $959K 0.01% +13K +233.5% $50.83 +57.8%
330 ETSY INC 17,000.0 $942K 0.01% +1K +6.2% $55.44
331 ALLT ALLOT LTD Technology 95,394.0 $938K 0.01% +7K +7.8% $9.83 -21.7%
332 WU PUT WESTERN UN CO Financial Services 100,000.0 $931K 0.01% +5K +5.3% $9.31 -10.1%
333 CALL TALPHERA INC 799,600.0 $912K 0.01% +550K +219.8% $1.14
334 USAR CALL USA RARE EARTH INC Basic Materials 75,000.0 $892K 0.01% +65K +650.0% $11.90 +112.6%
335 SRPT SAREPTA THERAPEUTICS INC Healthcare 40,890.0 $880K 0.01% +5K +15.1% $21.52 -21.9%
336 CALL PLYMOUTH INDL REIT INC 40,200.0 $880K 0.01% +23K +129.7% $21.88
337 DIGITALBRIDGE GROUP INC 56,442.0 $866K 0.01% +46K +444.8% $15.34
338 CALL TWO HBRS INVT CORP 80,000.0 $840K 0.01% +9K +13.3% $10.50
339 WTI PUT W & T OFFSHORE INC Energy 500,000.0 $815K 0.01% +150K +42.9% $1.63 +171.8%
340 NNE PUT NANO NUCLEAR ENERGY INC Industrials 32,000.0 $768K 0.01% +4K +16.4% $24.01 +11.3%
Page 17 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%