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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 8 of 29  ·  578 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 ABNB PUT AIRBNB INC Consumer Cyclical 43,700.0 $5.9M 0.04% NEW $135.72 -2.5%
142 KHC CALL KRAFT HEINZ CO Consumer Defensive 242,800.0 $5.9M 0.04% NEW $24.25 -1.9%
143 AMTM PUT AMENTUM HOLDINGS INC Industrials 200,000.0 $5.8M 0.04% NEW $29.00 -19.9%
144 IMTX IMMATICS N.V Healthcare 550,891.0 $5.8M 0.04% NEW $10.50 +10.7%
145 UNP PUT UNION PAC CORP Industrials 25,000.0 $5.8M 0.04% NEW $231.32 +14.9%
146 LLY ELI LILLY & CO Healthcare 5,240.0 $5.6M 0.04% NEW $1074.68 -0.9%
147 HSIC CALL HENRY SCHEIN INC Healthcare 74,500.0 $5.6M 0.04% NEW $75.58 -1.8%
148 THC CALL TENET HEALTHCARE CORP Healthcare 28,000.0 $5.6M 0.04% NEW $198.72 -12.6%
149 PUT ASTRAZENECA PLC 60,000.0 $5.5M 0.04% NEW $91.93
150 BILL CALL BILL HOLDINGS INC Technology 100,000.0 $5.5M 0.04% NEW $54.54 -33.7%
151 VCYT CALL VERACYTE INC Healthcare 129,500.0 $5.5M 0.04% NEW $42.10 +7.0%
152 XME SPDR SERIES TRUST 52,400.0 $5.4M 0.04% NEW $103.61 +13.0%
153 PUT BEONE MEDICINES LTD 17,700.0 $5.4M 0.04% NEW $303.81
154 USB CALL US BANCORP DEL Financial Services 100,000.0 $5.3M 0.04% NEW $53.36 +2.8%
155 RH CALL RH Consumer Cyclical 29,500.0 $5.3M 0.04% NEW $179.15 -23.9%
156 DAL CALL DELTA AIR LINES INC DEL Industrials 75,000.0 $5.2M 0.04% NEW $69.40 +9.7%
157 USO UNITED STS OIL FD LP Financial Services 75,200.0 $5.2M 0.04% NEW $69.16 +103.8%
158 AMGN PUT AMGEN INC Healthcare 15,400.0 $5.0M 0.04% NEW $327.31 +3.7%
159 CALL BLUE OWL CAPITAL CORPORATION 404,000.0 $5.0M 0.03% NEW $12.43
160 BEAM BEAM THERAPEUTICS INC Healthcare 178,352.0 $4.9M 0.03% NEW $27.72 +3.3%
Page 8 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%