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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 25 of 29  ·  578 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
481 FLY CALL FIREFLY AEROSPACE INC Industrials 18,800.0 $421K 0.00% NEW $22.37 +121.3%
482 LRN STRIDE INC Consumer Defensive 6,400.0 $416K 0.00% NEW $64.93 +36.5%
483 CALL RITHM PPTY TR INC 25,000.0 $414K 0.00% NEW $16.58
484 CLOV CALL CLOVER HEALTH INVESTMENTS CO Healthcare 167,200.0 $393K 0.00% NEW $2.35 +51.1%
485 BCRX PUT BIOCRYST PHARMACEUTICALS INC Healthcare 50,000.0 $390K 0.00% NEW $7.80 +6.3%
486 BCAX BICARA THERAPEUTICS INC Healthcare 23,000.0 $387K 0.00% NEW $16.83 +28.8%
487 BW CALL BABCOCK & WILCOX ENTERPRISES Industrials 59,800.0 $379K 0.00% NEW $6.34 +200.3%
488 PAR PAR TECHNOLOGY CORP Technology 10,000.0 $363K 0.00% NEW $36.28 -59.1%
489 DOCN CALL DIGITALOCEAN HLDGS INC Technology 7,500.0 $361K 0.00% NEW $48.12 +229.3%
490 WRAP CALL WRAP TECHNOLOGIES INC Technology 150,000.0 $357K 0.00% NEW $2.38 -38.7%
491 RLMD CALL RELMADA THERAPEUTICS INC Healthcare 73,600.0 $355K 0.00% NEW $4.83 +45.8%
492 ANNX CALL ANNEXON INC Healthcare 69,700.0 $350K 0.00% NEW $5.02 +5.8%
493 IAC IAC INC Technology 8,851.0 $346K 0.00% NEW $39.10 +7.5%
494 CALL VENTYX BIOSCIENCES INC 38,200.0 $345K 0.00% NEW $9.03
495 PUT VENTYX BIOSCIENCES INC 38,200.0 $345K 0.00% NEW $9.03
496 GRND PUT GRINDR INC Technology 25,000.0 $338K 0.00% NEW $13.54 -4.4%
497 NEWAMSTERDAM PHARMA COMPANY 9,528.0 $334K 0.00% NEW $35.08
498 PATH UIPATH INC Technology 20,000.0 $328K 0.00% NEW $16.39 -33.3%
499 MTX MINERALS TECHNOLOGIES INC Basic Materials 5,375.0 $328K 0.00% NEW $60.95 +26.0%
500 WVE PUT WAVE LIFE SCIENCES LTD Healthcare 19,200.0 $326K 0.00% NEW $17.00 -62.5%
Page 25 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%