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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 3 of 29  ·  578 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 LEU CALL CENTRUS ENERGY CORP Energy 99,000.0 $24.0M 0.17% NEW $242.76 -26.1%
42 ESTA CALL ESTABLISHMENT LABS HLDGS INC Healthcare 328,000.0 $23.9M 0.16% NEW $72.88 -0.9%
43 XME PUT SPDR SERIES TRUST 229,400.0 $23.8M 0.16% NEW $103.61 +13.0%
44 SHOP PUT SHOPIFY INC Technology 147,000.0 $23.7M 0.16% NEW $160.97 -36.0%
45 KWEB PUT KRANESHARES TRUST 650,000.0 $22.1M 0.15% NEW $34.05 -21.0%
46 IBB PUT ISHARES TR 125,000.0 $21.1M 0.14% NEW $168.77 +0.0%
47 TMO PUT THERMO FISHER SCIENTIFIC INC Healthcare 36,100.0 $20.9M 0.14% NEW $579.45 -22.6%
48 QCOM PUT QUALCOMM INC Technology 119,100.0 $20.4M 0.14% NEW $171.05 +39.2%
49 IMAX PUT IMAX CORP Communication Services 549,800.0 $20.3M 0.14% NEW $36.96 +5.8%
50 PUT GLOBUS MED INC 230,700.0 $20.1M 0.14% NEW $87.31
51 ESTA PUT ESTABLISHMENT LABS HLDGS INC Healthcare 275,000.0 $20.0M 0.14% NEW $72.88 -0.9%
52 VST CALL VISTRA CORP Utilities 122,700.0 $19.8M 0.14% NEW $161.33 -3.1%
53 COF CAPITAL ONE FINL CORP Financial Services 81,110.0 $19.7M 0.14% NEW $242.36 -22.5%
54 PZZA PUT PAPA JOHNS INTL INC Consumer Cyclical 500,000.0 $19.2M 0.13% NEW $38.49 -13.2%
55 WULF TERAWULF INC Financial Services 1,664,636.0 $19.1M 0.13% NEW $11.49 +98.6%
56 ISRG PUT INTUITIVE SURGICAL INC Healthcare 33,200.0 $18.8M 0.13% NEW $566.36 -22.6%
57 GOOGL ALPHABET INC Communication Services 60,000.0 $18.8M 0.13% NEW $313.00 +22.4%
58 GEHC CALL GE HEALTHCARE TECHNOLOGIES I Healthcare 227,600.0 $18.7M 0.13% NEW $82.02 -21.7%
59 ISRG CALL INTUITIVE SURGICAL INC Healthcare 32,400.0 $18.4M 0.13% NEW $566.36 -22.6%
60 SEZL PUT SEZZLE INC Financial Services 289,000.0 $18.3M 0.13% NEW $63.48 +62.0%
Page 3 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%