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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 6 of 17  ·  337 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 PUT BIOHAVEN LTD 400,000.0 $4.5M 0.03% -454K -53.1% $11.29
102 BTDR PUT BITDEER TECHNOLOGIES GROUP Technology 400,000.0 $4.5M 0.03% -30K -7.0% $11.21 +30.7%
103 GXO CALL GXO LOGISTICS INCORPORATED Industrials 85,000.0 $4.5M 0.03% -28K -24.4% $52.64 -9.8%
104 MCHP MICROCHIP TECHNOLOGY INC. Technology 70,000.0 $4.5M 0.03% -19K -21.4% $63.72 +46.6%
105 CALL JBS N.V. 305,200.0 $4.4M 0.03% -20K -6.2% $14.42
106 PSKY PUT PARAMOUNT SKYDANCE CORP Communication Services 321,600.0 $4.3M 0.03% -128K -28.5% $13.40 -21.9%
107 QURE UNIQURE NV Healthcare 177,277.0 $4.2M 0.03% -281K -61.3% $23.93 +1.1%
108 LULU PUT LULULEMON ATHLETICA INC Consumer Cyclical 20,000.0 $4.2M 0.03% -270K -93.1% $207.81 -38.8%
109 ANF PUT ABERCROMBIE & FITCH CO Consumer Cyclical 32,500.0 $4.1M 0.03% -94K -74.2% $125.87 -38.6%
110 SRPT CALL SAREPTA THERAPEUTICS INC Healthcare 184,700.0 $4.0M 0.03% -486K -72.5% $21.52 -21.9%
111 TPB PUT TURNING PT BRANDS INC Consumer Defensive 35,000.0 $3.8M 0.03% -20K -36.4% $108.40 -17.0%
112 ET CALL ENERGY TRANSFER L P Energy 227,500.0 $3.8M 0.03% -2.3M -90.8% $16.49 +21.7%
113 NNDM NANO DIMENSION LTD Technology 2,412,674.0 $3.7M 0.03% -592K -19.7% $1.54 +7.8%
114 PUT STUBHUB HLDGS INC 269,800.0 $3.7M 0.03% -99K -26.9% $13.53
115 GRPN CALL GROUPON INC Communication Services 200,000.0 $3.5M 0.02% -448K -69.1% $17.61 +7.5%
116 BIIB CALL BIOGEN INC Healthcare 20,000.0 $3.5M 0.02% -75K -79.0% $175.99 +10.1%
117 CRNX CALL CRINETICS PHARMACEUTICALS IN Healthcare 75,100.0 $3.5M 0.02% -113K -60.1% $46.55 -20.9%
118 CNTA CALL CENTESSA PHARMACEUTICALS PLC Healthcare 138,800.0 $3.5M 0.02% -192K -58.0% $25.01 +58.9%
119 PCG PG&E CORP Utilities 210,000.0 $3.4M 0.02% -80K -27.5% $16.07 +2.6%
120 IMCR IMMUNOCORE HLDGS PLC Healthcare 94,384.0 $3.3M 0.02% -369K -79.6% $34.71 -16.9%
Page 6 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%