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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 2 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 NET CALL CLOUDFLARE INC Technology 329,000.0 $64.9M 0.45% +32K +10.8% $197.15 +9.6%
22 W CALL WAYFAIR INC Consumer Cyclical 640,000.0 $64.3M 0.44% +100K +18.5% $100.41 -33.2%
23 MRVL PUT MARVELL TECHNOLOGY INC Technology 750,000.0 $63.7M 0.44% +550K +275.0% $84.98 +131.0%
24 GOOGL PUT ALPHABET INC Communication Services 200,000.0 $62.6M 0.43% +50K +33.3% $313.00 +22.4%
25 CALL KINIKSA PHARMACEUTICALS INTL 1,490,500.0 $61.5M 0.42% +988K +196.6% $41.25
26 EOSE CALL EOS ENERGY ENTERPRISES INC Industrials 5,188,400.0 $59.5M 0.41% +1.5M +41.0% $11.46 -29.7%
27 LITE CALL LUMENTUM HLDGS INC Technology 160,000.0 $59.0M 0.40% +58K +56.1% $368.59 +156.9%
28 PUT PRAXIS PRECISION MEDICINES I 200,000.0 $58.9M 0.40% +56K +39.4% $294.74
29 RVMD CALL REVOLUTION MEDICINES INC Healthcare 736,100.0 $58.6M 0.40% +220K +42.7% $79.65 +90.3%
30 NVO PUT NOVO-NORDISK A S Healthcare 1,135,000.0 $57.7M 0.40% +685K +152.2% $50.88 -11.6%
31 CCJ PUT CAMECO CORP Energy 616,500.0 $56.4M 0.39% +289K +88.3% $91.49 +14.5%
32 OKE CALL ONEOK INC NEW Energy 752,200.0 $55.3M 0.38% +632K +526.3% $73.50 +27.9%
33 IREN CALL IREN LIMITED Financial Services 1,462,200.0 $55.2M 0.38% +527K +56.4% $37.77 +50.5%
34 CELC CALL CELCUITY INC Healthcare 516,800.0 $51.5M 0.35% +189K +57.7% $99.74 +38.6%
35 XBI PUT SPDR SERIES TRUST 420,000.0 $51.2M 0.35% +117K +38.4% $121.93 +8.0%
36 CALL ASCENDIS PHARMA A/S 230,000.0 $49.0M 0.34% +124K +117.8% $213.24
37 MSTR PUT STRATEGY INC Technology 295,000.0 $44.8M 0.31% +275K +1375.0% $151.95 +5.2%
38 MLYS PUT MINERALYS THERAPEUTICS INC Healthcare 1,221,800.0 $44.3M 0.30% +902K +281.8% $36.29 -17.7%
39 SMCI CALL SUPER MICRO COMPUTER INC Technology 1,455,000.0 $42.6M 0.29% +300K +26.0% $29.27 +21.6%
40 WULF PUT TERAWULF INC Financial Services 3,672,500.0 $42.2M 0.29% +1.9M +112.7% $11.49 +98.6%
Page 2 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%