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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 10 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 FLR FLUOR CORP NEW Industrials 36,000.0 $1.4M 0.01% -107K -74.8% $39.63 +13.2%
182 BCH BANCO DE CHILE Financial Services 37,241.0 $1.4M 0.01% -75K -66.8% $38.00 -1.2%
183 MFA PUT MFA FINL INC Real Estate 150,000.0 $1.4M 0.01% -50K -25.0% $9.31 +1.5%
184 RCAT CALL RED CAT HLDGS INC Technology 175,000.0 $1.4M 0.01% -173K -49.8% $7.93 +18.7%
185 PCVX CALL VAXCYTE INC Healthcare 30,000.0 $1.4M 0.01% -20K -40.0% $46.14 +2.5%
186 ACMR CALL ACM RESH INC Technology 35,000.0 $1.4M 0.01% -60K -63.2% $39.45 +85.9%
187 CALL SIX FLAGS ENTERTAINMENT CORP 90,000.0 $1.4M 0.01% -323K -78.2% $15.34
188 SOFI SOFI TECHNOLOGIES INC Financial Services 51,500.0 $1.3M 0.01% -20K -28.0% $26.18 -40.3%
189 AES AES CORP Utilities 94,000.0 $1.3M 0.01% -40K -29.9% $14.34 +2.4%
190 SRRK CALL SCHOLAR ROCK HLDG CORP Healthcare 30,000.0 $1.3M 0.01% -178K -85.5% $44.05 +9.3%
191 FOUR SHIFT4 PMTS INC Technology 20,746.0 $1.3M 0.01% -8K -27.8% $62.97 -31.3%
192 VKTX VIKING THERAPEUTICS INC Healthcare 36,880.0 $1.3M 0.01% -71K -65.8% $35.18 -12.2%
193 KVUE PUT KENVUE INC Consumer Defensive 75,000.0 $1.3M 0.01% -358K -82.7% $17.25 +1.6%
194 HE HAWAIIAN ELEC INDUSTRIES Utilities 104,245.0 $1.3M 0.01% -16K -13.1% $12.30 +11.1%
195 ON ON SEMICONDUCTOR CORP Technology 22,750.0 $1.2M 0.01% -37K -61.8% $54.15 +114.6%
196 UNG CALL UNITED STS NAT GAS FD LP Financial Services 100,000.0 $1.2M 0.01% -100K -50.0% $12.26 -10.8%
197 CPRI CALL CAPRI HOLDINGS LIMITED Consumer Cyclical 50,000.0 $1.2M 0.01% -62K -55.6% $24.40 -24.3%
198 CRON CRONOS GROUP INC Healthcare 454,661.0 $1.2M 0.01% -340K -42.8% $2.63 +4.2%
199 KRE SPDR SERIES TRUST 18,372.0 $1.2M 0.01% -95K -83.8% $64.81 +7.0%
200 CALL THE BALDWIN INSURANCE GRP IN 48,100.0 $1.2M 0.01% -36K -42.9% $24.03
Page 10 of 17  ·  337 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%