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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 8 of 20  ·  387 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 UNH UNITEDHEALTH GROUP INC Healthcare 33,880.0 $11.2M 0.08% +31K +1154.8% $330.11 +17.7%
142 ON CALL ON SEMICONDUCTOR CORP Technology 202,000.0 $10.9M 0.07% +40K +24.7% $54.15 +114.6%
143 CENX CALL CENTURY ALUM CO Basic Materials 278,200.0 $10.9M 0.07% +198K +247.8% $39.18 +66.0%
144 CART PUT MAPLEBEAR INC Consumer Cyclical 242,300.0 $10.9M 0.07% +137K +130.8% $44.98 -8.4%
145 BTU PEABODY ENERGY CORP Energy 365,000.0 $10.8M 0.07% +262K +252.7% $29.70 -17.3%
146 RF CALL REGIONS FINANCIAL CORP NEW Financial Services 400,000.0 $10.8M 0.07% +364K +1011.1% $27.10 +2.7%
147 UAL UNITED AIRLS HLDGS INC Industrials 96,800.0 $10.8M 0.07% +9K +10.4% $111.82 -10.6%
148 CALL ZEVRA THERAPEUTICS INC 1,200,400.0 $10.8M 0.07% +52K +4.5% $8.96
149 EOSE EOS ENERGY ENTERPRISES INC Industrials 914,727.0 $10.5M 0.07% +294K +47.4% $11.46 -29.7%
150 CALL PAGAYA TECHNOLOGIES LTD 499,000.0 $10.4M 0.07% +299K +149.5% $20.90
151 GFI CALL GOLD FIELDS LTD Basic Materials 238,000.0 $10.4M 0.07% +20K +9.2% $43.66 -9.5%
152 PZZA CALL PAPA JOHNS INTL INC Consumer Cyclical 266,000.0 $10.2M 0.07% +216K +432.0% $38.49 -13.2%
153 PUT ZEVRA THERAPEUTICS INC 1,101,200.0 $9.9M 0.07% +101K +10.1% $8.96
154 PRAXIS PRECISION MEDICINES I 33,300.0 $9.8M 0.07% +27K +423.8% $294.74
155 KMI CALL KINDER MORGAN INC DEL Energy 351,000.0 $9.6M 0.07% +236K +206.0% $27.49 +22.9%
156 COMP COMPASS INC Technology 909,670.0 $9.6M 0.07% +780K +599.8% $10.57 -20.5%
157 BMY CALL BRISTOL-MYERS SQUIBB CO Healthcare 175,000.0 $9.4M 0.07% +50K +40.0% $53.94 +10.2%
158 FCX PUT FREEPORT-MCMORAN INC Basic Materials 185,000.0 $9.4M 0.06% +37K +24.8% $50.79 +22.1%
159 BIIB BIOGEN INC Healthcare 53,000.0 $9.3M 0.06% +48K +960.0% $175.99 +10.1%
160 RARE PUT ULTRAGENYX PHARMACEUTICAL IN Healthcare 404,700.0 $9.3M 0.06% +255K +170.2% $23.00 +1.7%
Page 8 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%