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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 12 of 29  ·  578 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 ZBIO CALL ZENAS BIOPHARMA INC Healthcare 85,700.0 $3.1M 0.02% NEW $36.31 -45.4%
222 FNV CALL FRANCO NEV CORP Basic Materials 15,000.0 $3.1M 0.02% NEW $207.28 +9.1%
223 CALL JAMES HARDIE INDS PLC 148,000.0 $3.1M 0.02% NEW $20.75
224 HL HECLA MNG CO Basic Materials 158,000.0 $3.0M 0.02% NEW $19.19 -11.5%
225 CALL LIONSGATE STUDIOS CORP 327,700.0 $3.0M 0.02% NEW $9.13
226 ARWR ARROWHEAD PHARMACEUTICALS IN Healthcare 44,900.0 $3.0M 0.02% NEW $66.39 +12.9%
227 PUT WW INTL INC 101,900.0 $3.0M 0.02% NEW $29.22
228 EWY CALL ISHARES INC 30,000.0 $2.9M 0.02% NEW $97.22 +87.2%
229 PATH CALL UIPATH INC Technology 175,000.0 $2.9M 0.02% NEW $16.39 -33.3%
230 SUPN CALL SUPERNUS PHARMACEUTICALS INC Healthcare 57,700.0 $2.9M 0.02% NEW $49.70 -3.0%
231 BAX CALL BAXTER INTL INC Healthcare 150,000.0 $2.9M 0.02% NEW $19.11 +0.4%
232 KWEB KRANESHARES TRUST 84,100.0 $2.9M 0.02% NEW $34.05 -21.0%
233 RIVN CALL RIVIAN AUTOMOTIVE INC Consumer Cyclical 145,000.0 $2.9M 0.02% NEW $19.71 -27.9%
234 GLOB CALL GLOBANT S A Technology 43,700.0 $2.9M 0.02% NEW $65.37 -38.6%
235 GLOB PUT GLOBANT S A Technology 43,700.0 $2.9M 0.02% NEW $65.37 -38.6%
236 FND CALL FLOOR & DECOR HLDGS INC Consumer Cyclical 46,700.0 $2.8M 0.02% NEW $60.89 -20.8%
237 COST COSTCO WHSL CORP NEW Consumer Defensive 3,280.0 $2.8M 0.02% NEW $862.34 +19.2%
238 PCVX PUT VAXCYTE INC Healthcare 60,000.0 $2.8M 0.02% NEW $46.14 +2.5%
239 ZTS ZOETIS INC Healthcare 22,000.0 $2.8M 0.02% NEW $125.82 -36.4%
240 CAMT PUT CAMTEK LTD Technology 26,000.0 $2.8M 0.02% NEW $106.34 +57.4%
Page 12 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%