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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 7 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 MRK MERCK & CO INC Healthcare 126,500.0 $13.3M 0.09% +122K +2649.4% $105.26 +16.3%
122 INTC CALL INTEL CORP Technology 360,000.0 $13.3M 0.09% +211K +141.6% $36.90 +224.8%
123 AVTR PUT AVANTOR INC Healthcare 1,148,000.0 $13.2M 0.09% +1.1M +1335.0% $11.46 -29.1%
124 SYRE CALL SPYRE THERAPEUTICS INC Healthcare 399,900.0 $13.1M 0.09% +315K +369.4% $32.76 +126.0%
125 LYFT CALL LYFT INC Technology 675,000.0 $13.1M 0.09% +625K +1250.0% $19.37 -28.2%
126 XENE CALL XENON PHARMACEUTICALS INC Healthcare 290,000.0 $13.0M 0.09% +190K +190.0% $44.82 +20.9%
127 XENE PUT XENON PHARMACEUTICALS INC Healthcare 290,000.0 $13.0M 0.09% +230K +383.3% $44.82 +20.9%
128 ORCL CALL ORACLE CORP Technology 66,000.0 $12.9M 0.09% +26K +63.4% $194.91 -1.5%
129 COIN COINBASE GLOBAL INC Financial Services 56,770.0 $12.8M 0.09% +12K +25.6% $226.14 -18.2%
130 GILD CALL GILEAD SCIENCES INC Healthcare 100,000.0 $12.3M 0.08% +70K +233.3% $122.74 +9.5%
131 APLD CALL APPLIED DIGITAL CORP Technology 500,000.0 $12.3M 0.08% +460K +1150.0% $24.52 +87.1%
132 DKNG CALL DRAFTKINGS INC NEW Consumer Cyclical 343,500.0 $11.8M 0.08% +194K +129.0% $34.46 -27.1%
133 OKE ONEOK INC NEW Energy 160,000.0 $11.8M 0.08% +159K +10000.0% $73.50 +27.9%
134 WGS CALL GENEDX HOLDINGS CORP Healthcare 89,500.0 $11.6M 0.08% +10K +12.6% $130.06 -63.6%
135 NU CALL NU HLDGS LTD Financial Services 694,200.0 $11.6M 0.08% +537K +340.8% $16.74 -24.0%
136 EQX CALL EQUINOX GOLD CORP Basic Materials 824,000.0 $11.6M 0.08% +434K +111.3% $14.04 -13.6%
137 AVADEL PHARMACEUTICALS PLC 536,838.0 $11.6M 0.08% +228K +74.0% $21.55
138 CALL EXPAND ENERGY CORPORATION 104,200.0 $11.5M 0.08% +50K +92.2% $110.36
139 CORT CALL CORCEPT THERAPEUTICS INC Healthcare 329,500.0 $11.5M 0.08% +290K +734.2% $34.80 +73.0%
140 SHOP SHOPIFY INC Technology 69,900.0 $11.3M 0.08% +14K +25.2% $160.97 -36.0%
Page 7 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%