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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 1 of 29  ·  578 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 AAPL PUT APPLE INC Technology 470,000.0 $127.8M 0.88% NEW $271.86 +13.6%
2 AAPL APPLE INC Technology 470,000.0 $127.8M 0.88% NEW $271.86 +13.6%
3 MSFT CALL MICROSOFT CORP Technology 250,000.0 $120.9M 0.83% NEW $483.62 -13.5%
4 BA CALL BOEING CO Industrials 546,800.0 $118.7M 0.81% NEW $217.12 +0.9%
5 CMG PUT CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 2,839,400.0 $105.1M 0.72% NEW $37.00 -11.1%
6 NFLX PUT NETFLIX INC Communication Services 846,200.0 $79.3M 0.54% NEW $93.76 -5.5%
7 JNJ PUT JOHNSON & JOHNSON Healthcare 362,300.0 $75.0M 0.51% NEW $206.95 +13.2%
8 NVDA CALL NVIDIA CORPORATION Technology 396,000.0 $73.9M 0.51% NEW $186.50 +15.5%
9 NFLX NETFLIX INC Communication Services 760,100.0 $71.3M 0.49% NEW $93.76 -5.5%
10 CALL CIDARA THERAPEUTICS INC 300,000.0 $66.3M 0.45% NEW $220.89
11 LLY PUT ELI LILLY & CO Healthcare 59,900.0 $64.4M 0.44% NEW $1074.68 -0.9%
12 XLI CALL SELECT SECTOR SPDR TR 352,500.0 $54.7M 0.38% NEW $155.12 +10.7%
13 MSFT MICROSOFT CORP Technology 104,200.0 $50.4M 0.35% NEW $483.62 -13.5%
14 LW PUT LAMB WESTON HLDGS INC Consumer Defensive 1,200,000.0 $50.3M 0.34% NEW $41.89 +4.5%
15 LLY CALL ELI LILLY & CO Healthcare 46,300.0 $49.8M 0.34% NEW $1074.68 -0.9%
16 MSFT PUT MICROSOFT CORP Technology 100,000.0 $48.4M 0.33% NEW $483.62 -13.5%
17 MSTR CALL STRATEGY INC Technology 295,000.0 $44.8M 0.31% NEW $151.95 +5.2%
18 MLYS CALL MINERALYS THERAPEUTICS INC Healthcare 1,227,400.0 $44.5M 0.30% NEW $36.29 -17.7%
19 CORT PUT CORCEPT THERAPEUTICS INC Healthcare 1,119,500.0 $39.0M 0.27% NEW $34.80 +73.0%
20 VERA CALL VERA THERAPEUTICS INC Healthcare 702,200.0 $35.6M 0.24% NEW $50.64 -32.8%
Page 1 of 29  ·  578 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%