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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 4 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
61 BSX BOSTON SCIENTIFIC CORP Healthcare 91,000.0 $8.7M 0.06% -10K -9.7% $95.35 -39.4%
62 V VISA INC Financial Services 24,500.0 $8.6M 0.06% -4K -14.0% $350.71 -6.2%
63 OSG OCTAVE SPECIALTY GROUP INC Financial Services 1,071,094.0 $8.3M 0.06% -50K -4.5% $7.78 -27.9%
64 ATEC CALL ALPHATEC HLDGS INC Healthcare 394,000.0 $8.3M 0.06% -153K -28.0% $21.04 -60.7%
65 DQ CALL DAQO NEW ENERGY CORP Technology 279,000.0 $8.2M 0.06% -133K -32.3% $29.50 -39.7%
66 PHAT CALL PHATHOM PHARMACEUTICALS INC Healthcare 486,300.0 $8.1M 0.06% -514K -51.4% $16.59 -31.7%
67 CVS PUT CVS HEALTH CORP Healthcare 100,000.0 $7.9M 0.05% -100K -50.0% $79.36 +17.5%
68 VKTX CALL VIKING THERAPEUTICS INC Healthcare 221,000.0 $7.8M 0.05% -691K -75.8% $35.18 -12.2%
69 BE CALL BLOOM ENERGY CORP Industrials 88,800.0 $7.7M 0.05% -19K -17.7% $86.89 +248.1%
70 DKNG PUT DRAFTKINGS INC NEW Consumer Cyclical 206,000.0 $7.1M 0.05% -144K -41.1% $34.46 -27.1%
71 UUUU PUT ENERGY FUELS INC Energy 487,600.0 $7.1M 0.05% -25K -4.9% $14.54 +24.1%
72 TPB TURNING PT BRANDS INC Consumer Defensive 64,952.0 $7.0M 0.05% -11K -14.1% $108.40 -17.0%
73 RKLB CALL ROCKET LAB CORP Industrials 100,000.0 $7.0M 0.05% -2K -2.3% $69.76 +94.6%
74 TPB CALL TURNING PT BRANDS INC Consumer Defensive 64,300.0 $7.0M 0.05% -20K -23.7% $108.40 -17.0%
75 SMR CALL NUSCALE PWR CORP Utilities 477,000.0 $6.8M 0.05% -500K -51.2% $14.17 -19.5%
76 DXCM CALL DEXCOM INC Healthcare 100,000.0 $6.6M 0.05% -15K -13.0% $66.37 +8.6%
77 RMNI PUT RIMINI STR INC DEL Technology 1,710,000.0 $6.6M 0.04% -374K -18.0% $3.88 -6.4%
78 LQDA PUT LIQUIDIA CORPORATION Healthcare 189,800.0 $6.5M 0.04% -989K -83.9% $34.49 +76.8%
79 CAPR PUT CAPRICOR THERAPEUTICS INC Healthcare 223,800.0 $6.5M 0.04% -224K -50.0% $28.86 +0.0%
80 APLS APELLIS PHARMACEUTICALS INC Healthcare 254,563.0 $6.4M 0.04% -50K -16.5% $25.12 +63.3%
Page 4 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%