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 22 of 34 · 673 positions

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
421	WMS	ADVANCED DRAIN SYS INC DEL	Industrials	8,590	$1.2M	0.01%	SOLD
422	TXRH	TEXAS ROADHOUSE INC	Consumer Cyclical	7,162	$1.2M	0.01%	SOLD
423	INVH	INVITATION HOMES INC	Real Estate	40,000	$1.2M	0.01%	SOLD
424	ELTX CALL	ELICIO THERAPEUTICS INC	Healthcare	105,000	$1.1M	0.01%	SOLD
425	— PUT	LITHIUM AMERS CORP NEW	—	200,000	$1.1M	0.01%	SOLD
426	— CALL	OUSTER INC	—	41,700	$1.1M	0.01%	SOLD
427	MDT	MEDTRONIC PLC	Healthcare	11,700	$1.1M	0.01%	SOLD
428	ARVN CALL	ARVINAS INC	Healthcare	129,800	$1.1M	0.01%	SOLD
429	CARS PUT	CARS COM INC	Consumer Cyclical	90,000	$1.1M	0.01%	SOLD
430	KOS	KOSMOS ENERGY LTD	Energy	661,628	$1.1M	0.01%	SOLD
431	FSLR	FIRST SOLAR INC	Energy	4,900	$1.1M	0.01%	SOLD
432	CMG CALL	CHIPOTLE MEXICAN GRILL INC	Consumer Cyclical	27,500	$1.1M	0.01%	SOLD
433	ARCT	ARCTURUS THERAPEUTICS HLDGS	Healthcare	58,464	$1.1M	0.01%	SOLD
434	SRAD PUT	SPORTRADAR GROUP AG	Technology	40,000	$1.1M	0.01%	SOLD
435	MT	ARCELORMITTAL SA LUXEMBOURG	Basic Materials	29,700	$1.1M	0.01%	SOLD
436	—	LANDBRIDGE COMPANY LLC	—	20,000	$1.1M	0.01%	SOLD
437	H	HYATT HOTELS CORP	Consumer Cyclical	7,500	$1.1M	0.01%	SOLD
438	KYMR CALL	KYMERA THERAPEUTICS INC	Healthcare	18,600	$1.1M	0.01%	SOLD
439	RICK PUT	RCI HOSPITALITY HLDGS INC	Consumer Cyclical	34,500	$1.1M	0.01%	SOLD
440	COPX	GLOBAL X FDS	—	17,550	$1.0M	0.01%	SOLD

Page 22 of 34 · 673 positions

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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%