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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 3 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 XOM CALL EXXON MOBIL CORP Energy 346,100.0 $41.6M 0.29% +24K +7.5% $120.34 +28.7%
42 JNJ CALL JOHNSON & JOHNSON Healthcare 200,000.0 $41.4M 0.28% +103K +107.0% $206.95 +13.2%
43 CALL EXACT SCIENCES CORP 403,200.0 $40.9M 0.28% +355K +738.2% $101.56
44 BMY PUT BRISTOL-MYERS SQUIBB CO Healthcare 750,000.0 $40.5M 0.28% +655K +689.5% $53.94 +10.2%
45 C CALL CITIGROUP INC Financial Services 345,000.0 $40.3M 0.28% +215K +165.4% $116.69 +7.2%
46 OWL PUT BLUE OWL CAPITAL INC Financial Services 2,578,100.0 $38.5M 0.26% +1.0M +67.2% $14.94 -32.7%
47 VST PUT VISTRA CORP Utilities 225,800.0 $36.4M 0.25% +181K +401.8% $161.33 -3.1%
48 LQDA CALL LIQUIDIA CORPORATION Healthcare 1,054,000.0 $36.4M 0.25% +92K +9.6% $34.49 +76.8%
49 DKS PUT DICKS SPORTING GOODS INC Consumer Cyclical 179,300.0 $35.5M 0.24% +129K +257.9% $197.97 +16.8%
50 ORCL ORACLE CORP Technology 179,620.0 $35.0M 0.24% +170K +1854.1% $194.91 -1.5%
51 UNH PUT UNITEDHEALTH GROUP INC Healthcare 100,000.0 $33.0M 0.23% +25K +33.3% $330.11 +17.7%
52 BA PUT BOEING CO Industrials 150,000.0 $32.6M 0.22% +115K +328.6% $217.12 +0.9%
53 BCH PUT BANCO DE CHILE Financial Services 843,500.0 $32.1M 0.22% +57K +7.3% $38.00 -1.2%
54 DDOG PUT DATADOG INC Technology 235,600.0 $32.0M 0.22% +51K +27.4% $135.99 +63.5%
55 CYTK CALL CYTOKINETICS INC Healthcare 486,300.0 $30.9M 0.21% +191K +64.8% $63.54 +21.1%
56 BSX CALL BOSTON SCIENTIFIC CORP Healthcare 315,700.0 $30.1M 0.21% +181K +134.6% $95.35 -39.4%
57 BURL PUT BURLINGTON STORES INC Consumer Cyclical 98,800.0 $28.5M 0.20% +47K +90.4% $288.85 +12.3%
58 ONON CALL ON HLDG AG Consumer Cyclical 599,000.0 $27.8M 0.19% +299K +99.7% $46.48 -14.4%
59 RH PUT RH Consumer Cyclical 150,000.0 $26.9M 0.18% +54K +56.6% $179.15 -23.9%
60 UTHR UNITED THERAPEUTICS CORP DEL Healthcare 55,081.0 $26.8M 0.18% +16K +39.4% $487.25 +16.7%
Page 3 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%