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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 2 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 CALL COMERICA INC 250,000.0 $21.7M 0.15% -665K -72.7% $86.93
22 DD CALL DUPONT DE NEMOURS INC Basic Materials 527,900.0 $21.2M 0.15% -47K -8.2% $40.20 +19.7%
23 SNOW CALL SNOWFLAKE INC Technology 95,800.0 $21.0M 0.14% -80K -45.4% $219.36 -21.5%
24 VSAT VIASAT INC Technology 603,623.0 $20.8M 0.14% -278K -31.5% $34.46 +116.4%
25 TSM PUT TAIWAN SEMICONDUCTOR MFG LTD Technology 65,000.0 $19.8M 0.14% -314K -82.8% $303.89 +33.1%
26 VSAT PUT VIASAT INC Technology 567,200.0 $19.5M 0.13% -681K -54.5% $34.46 +116.4%
27 MGNI CALL MAGNITE INC Communication Services 1,182,000.0 $19.2M 0.13% -488K -29.2% $16.23 -18.7%
28 CALL AVIDITY BIOSCIENCES INC 260,800.0 $18.8M 0.13% -6K -2.1% $72.13
29 ARGX CALL ARGENX SE Healthcare 22,000.0 $18.5M 0.13% -73K -76.9% $840.95 -4.1%
30 VRT CALL VERTIV HOLDINGS CO Industrials 112,100.0 $18.2M 0.12% -127K -53.1% $162.01 +102.1%
31 FSLR CALL FIRST SOLAR INC Energy 68,500.0 $17.9M 0.12% -2K -2.1% $261.23 -1.3%
32 GH CALL GUARDANT HEALTH INC Healthcare 175,000.0 $17.9M 0.12% -82K -32.0% $102.14 +16.5%
33 SATS PUT ECHOSTAR CORP Technology 163,900.0 $17.8M 0.12% -608K -78.8% $108.70 +14.3%
34 PUT SOLENO THERAPEUTICS INC 342,500.0 $15.9M 0.11% -674K -66.3% $46.30
35 OSCR CALL OSCAR HEALTH INC Healthcare 1,079,100.0 $15.5M 0.11% -280K -20.6% $14.37 +57.6%
36 BTU CALL PEABODY ENERGY CORP Energy 480,000.0 $14.3M 0.10% -37K -7.2% $29.70 -17.3%
37 ROIV CALL ROIVANT SCIENCES LTD Healthcare 609,200.0 $13.2M 0.09% -88K -12.6% $21.70 +38.1%
38 HPE CALL HEWLETT PACKARD ENTERPRISE C Technology 548,000.0 $13.2M 0.09% -581K -51.5% $24.02 +56.5%
39 DXCM PUT DEXCOM INC Healthcare 197,000.0 $13.1M 0.09% -253K -56.3% $66.37 +8.6%
40 GDX CALL VANECK ETF TRUST 150,000.0 $12.9M 0.09% -32K -17.8% $85.77 -0.9%
Page 2 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%