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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 12 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
221 CNTA PUT CENTESSA PHARMACEUTICALS PLC Healthcare 34,100.0 $853K 0.01% -439K -92.8% $25.01 +58.9%
222 KDP KEURIG DR PEPPER INC Consumer Defensive 30,300.0 $849K 0.01% -91K -75.0% $28.01 +4.0%
223 CALL NIOCORP DEVS LTD 160,000.0 $848K 0.01% -195K -54.9% $5.30
224 HAL HALLIBURTON CO Energy 30,000.0 $848K 0.01% -10K -25.0% $28.26 +46.7%
225 CIFR CIPHER MINING INC Financial Services 57,198.0 $844K 0.01% -311K -84.4% $14.76 +48.8%
226 BITFARMS LTD 358,800.0 $843K 0.01% -111K -23.6% $2.35
227 XRX PUT XEROX HOLDINGS CORP Technology 355,000.0 $841K 0.01% -100K -22.0% $2.37 +5.5%
228 NNE CALL NANO NUCLEAR ENERGY INC Industrials 35,000.0 $840K 0.01% -60K -63.2% $24.01 +11.3%
229 LUNR INTUITIVE MACHINES INC Industrials 50,000.0 $812K 0.01% -60K -54.5% $16.23 +135.7%
230 RZLT CALL REZOLUTE INC Healthcare 343,400.0 $810K 0.01% -92K -21.1% $2.36 +37.7%
231 MARA CALL MARA HOLDINGS INC Financial Services 89,500.0 $804K 0.01% -210K -70.2% $8.98 +53.8%
232 TDAY PUT USA TODAY CO INC Communication Services 155,000.0 $798K 0.01% -25K -13.9% $5.15 +46.8%
233 GD GENERAL DYNAMICS CORP Industrials 2,365.0 $796K 0.01% -1K -35.5% $336.66 +1.9%
234 CALL CALUMET INC 40,000.0 $795K 0.01% -120K -75.0% $19.87
235 MBX CALL MBX BIOSCIENCES INC Healthcare 25,100.0 $792K 0.01% -50K -66.5% $31.54 +1.0%
236 UUUU ENERGY FUELS INC Energy 53,550.0 $779K 0.01% -199K -78.8% $14.54 +24.1%
237 TTD PUT THE TRADE DESK INC Technology 20,000.0 $759K 0.01% -430K -95.6% $37.96 -41.0%
238 ELV ELEVANCE HEALTH INC FORMERLY Healthcare 2,150.0 $754K 0.01% -1K -31.8% $350.55 +12.6%
239 AGIO CALL AGIOS PHARMACEUTICALS INC Healthcare 26,900.0 $732K 0.01% -3K -10.3% $27.22 +3.4%
240 WOLF PUT WOLFSPEED INC Technology 41,700.0 $726K 0.01% -971K -95.9% $17.41 +301.4%
Page 12 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%