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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 20 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 STIM NEURONETICS INC Healthcare 92,501.0 $128K 0.00% +79K +571.4% $1.38 -13.0%
382 LIFEZONE METALS LIMITED 267,044.0 $110K 0.00% +203K +318.1% $0.41
383 ASPN ASPEN AEROGELS INC Industrials 36,100.0 $102K 0.00% +6K +20.3% $2.83 +104.6%
384 HAFN HAFNIA LTD Industrials 14,812.0 $79K 0.00% +9K +146.2% $5.33 +60.2%
385 NET POWER INC 114,375.0 $57K +99K +637.0% $0.50
386 SPECTRAL AI INC 83,537.0 $38K +20K +31.5% $0.45
387 ALGOMA STL GROUP INC 44,550.0 $3K +41K +1182.0% $0.07
Page 20 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%