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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 4 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 KRYS CALL KRYSTAL BIOTECH INC Healthcare 105,300.0 $26.0M 0.18% +5K +5.3% $246.54 +21.5%
62 COMP CALL COMPASS INC Technology 2,446,200.0 $25.9M 0.18% +1.5M +150.0% $10.57 -20.5%
63 TVTX CALL TRAVERE THERAPEUTICS INC Healthcare 666,400.0 $25.5M 0.17% +91K +15.8% $38.21 +16.3%
64 SOFI CALL SOFI TECHNOLOGIES INC Financial Services 960,000.0 $25.1M 0.17% +210K +28.0% $26.18 -40.3%
65 CIFR CALL CIPHER MINING INC Financial Services 1,685,000.0 $24.9M 0.17% +845K +100.6% $14.76 +48.8%
66 KVUE CALL KENVUE INC Consumer Defensive 1,425,800.0 $24.6M 0.17% +482K +51.1% $17.25 +1.6%
67 CRSP CALL CRISPR THERAPEUTICS AG Healthcare 457,100.0 $24.0M 0.16% +4K +0.8% $52.44 -4.0%
68 EQT PUT EQT CORP Energy 446,000.0 $23.9M 0.16% +359K +412.6% $53.60 +8.1%
69 EOSE PUT EOS ENERGY ENTERPRISES INC Industrials 2,079,300.0 $23.8M 0.16% +246K +13.4% $11.46 -29.7%
70 NET PUT CLOUDFLARE INC Technology 120,000.0 $23.7M 0.16% +30K +33.3% $197.15 +9.6%
71 TECH PUT BIO-TECHNE CORP Healthcare 402,200.0 $23.7M 0.16% +285K +242.3% $58.81 -18.0%
72 MRNA CALL MODERNA INC Healthcare 792,500.0 $23.4M 0.16% +742K +1485.0% $29.49 +59.0%
73 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 620,000.0 $22.9M 0.16% +613K +9153.7% $37.00 -11.1%
74 AXSM CALL AXSOME THERAPEUTICS INC Healthcare 125,000.0 $22.8M 0.16% +100K +400.0% $182.64 +29.2%
75 NUVB CALL NUVATION BIO INC Healthcare 2,534,700.0 $22.7M 0.16% +641K +33.8% $8.96 -47.3%
76 INSM INSMED INC Healthcare 130,000.0 $22.6M 0.15% +130K +10000.0% $174.04 -39.0%
77 MRK PUT MERCK & CO INC Healthcare 208,800.0 $22.0M 0.15% +20K +10.7% $105.26 +16.3%
78 PUT ASCENDIS PHARMA A/S 102,500.0 $21.9M 0.15% +88K +587.9% $213.24
79 NN CALL NEXTNAV INC Communication Services 1,292,200.0 $21.5M 0.15% +81K +6.7% $16.64 +30.6%
80 OWL BLUE OWL CAPITAL INC Financial Services 1,397,623.0 $20.9M 0.14% +785K +128.2% $14.94 -32.7%
Page 4 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%