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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 11 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
201 BURL BURLINGTON STORES INC Consumer Cyclical 4,000.0 $1.2M 0.01% -1K -25.3% $288.85 +12.3%
202 GVA CALL GRANITE CONSTR INC Industrials 10,000.0 $1.2M 0.01% -7K -41.2% $115.35 +12.7%
203 GVA PUT GRANITE CONSTR INC Industrials 10,000.0 $1.2M 0.01% -7K -41.2% $115.35 +12.7%
204 FIP CALL FTAI INFRASTRUCTURE INC Industrials 250,000.0 $1.2M 0.01% -40K -13.7% $4.61 -2.2%
205 FISV FISERV INC Technology 16,900.0 $1.1M 0.01% -6K -27.2% $67.17 -14.9%
206 LYV LIVE NATION ENTERTAINMENT IN Communication Services 7,959.0 $1.1M 0.01% -45K -85.0% $142.50 +16.2%
207 STAA CALL STAAR SURGICAL CO Healthcare 47,900.0 $1.1M 0.01% -40K -45.6% $23.09 +40.6%
208 SRPT PUT SAREPTA THERAPEUTICS INC Healthcare 50,000.0 $1.1M 0.01% -122K -70.8% $21.52 -21.9%
209 SQM SOCIEDAD QUIMICA Y MINERA DE Basic Materials 15,582.0 $1.1M 0.01% -52K -77.1% $68.80 +16.5%
210 ALIT ALIGHT INC Technology 540,000.0 $1.1M 0.01% -20K -3.6% $1.95 -58.1%
211 KNX PUT KNIGHT-SWIFT TRANSN HLDGS IN Industrials 20,000.0 $1.0M 0.01% -65K -76.5% $52.28 +34.1%
212 LBRT CALL LIBERTY ENERGY INC Energy 55,000.0 $1.0M 0.01% -5K -8.3% $18.46 +72.5%
213 AMBA AMBARELLA INC Technology 14,000.0 $992K 0.01% -7K -33.9% $70.84 +23.6%
214 TBCH PUT TURTLE BEACH CORP Technology 70,000.0 $982K 0.01% -452K -86.6% $14.03 -11.7%
215 TVTX PUT TRAVERE THERAPEUTICS INC Healthcare 25,000.0 $955K 0.01% -144K -85.2% $38.21 +16.3%
216 SUNS CALL SUNRISE RLTY TR INC Real Estate 100,000.0 $943K 0.01% -946K -90.4% $9.43 -12.0%
217 PYPL PAYPAL HLDGS INC Financial Services 16,049.0 $937K 0.01% -14K -45.8% $58.38 -24.2%
218 ADMA PUT ADMA BIOLOGICS INC Healthcare 50,000.0 $912K 0.01% -282K -85.0% $18.24 -54.8%
219 IMCR PUT IMMUNOCORE HLDGS PLC Healthcare 25,000.0 $868K 0.01% -1.5M -98.4% $34.71 -16.9%
220 XRT CALL SPDR SERIES TRUST 10,000.0 $853K 0.01% -40K -80.0% $85.29 -3.2%
Page 11 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%