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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 5 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 FHN CALL FIRST HORIZON CORPORATION Financial Services 872,000.0 $20.8M 0.14% +846K +3253.8% $23.90 +1.4%
82 XME CALL SPDR SERIES TRUST 200,000.0 $20.7M 0.14% +100K +100.0% $103.61 +13.0%
83 SEI CALL SOLARIS ENERGY INFRAS INC Energy 450,000.0 $20.7M 0.14% +251K +125.8% $45.97 +61.6%
84 IAG CALL IAMGOLD CORP Basic Materials 1,175,500.0 $19.4M 0.13% +310K +35.9% $16.49 +0.2%
85 B CALL BARRICK MNG CORP Basic Materials 440,000.0 $19.2M 0.13% +400K +1000.0% $43.55 -6.6%
86 GDX PUT VANECK ETF TRUST 222,200.0 $19.1M 0.13% +142K +177.8% $85.77 -0.9%
87 MRNA PUT MODERNA INC Healthcare 644,300.0 $19.0M 0.13% +477K +285.8% $29.49 +59.0%
88 EPD CALL ENTERPRISE PRODS PARTNERS L Energy 577,400.0 $18.5M 0.13% +550K +2007.3% $32.06 +23.6%
89 PUT CONFLUENT INC 607,300.0 $18.4M 0.13% +78K +14.7% $30.24
90 CAPR CALL CAPRICOR THERAPEUTICS INC Healthcare 623,000.0 $18.0M 0.12% +164K +35.9% $28.86 +0.0%
91 UUUU CALL ENERGY FUELS INC Energy 1,212,400.0 $17.6M 0.12% +923K +318.6% $14.54 +24.1%
92 WDC WESTERN DIGITAL CORP Technology 102,200.0 $17.6M 0.12% +6K +6.2% $172.27 +181.1%
93 BABA CALL ALIBABA GROUP HLDG LTD Consumer Cyclical 120,000.0 $17.6M 0.12% +45K +60.0% $146.58 -11.3%
94 LCID CALL LUCID GROUP INC Consumer Cyclical 1,660,000.0 $17.5M 0.12% +60K +3.8% $10.57 -44.7%
95 APG CALL API GROUP CORP Industrials 458,000.0 $17.5M 0.12% +290K +172.6% $38.26 +8.8%
96 EXACT SCIENCES CORP 170,679.0 $17.3M 0.12% +156K +1030.2% $101.56
97 BBIO CALL BRIDGEBIO PHARMA INC Healthcare 225,000.0 $17.2M 0.12% +125K +125.0% $76.49 -9.6%
98 TGT CALL TARGET CORP Consumer Defensive 175,000.0 $17.1M 0.12% +50K +40.0% $97.75 +28.5%
99 PFE PUT PFIZER INC Healthcare 675,000.0 $16.8M 0.12% +238K +54.3% $24.90 +4.0%
100 CGON CALL CG ONCOLOGY INC Healthcare 400,000.0 $16.6M 0.11% +324K +422.9% $41.52 +54.7%
Page 5 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%