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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 10 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
181 WULF TERAWULF INC Financial Services 1,664,636.0 $19.1M 0.13% NEW $11.49 +98.6%
182 CALL NEBIUS GROUP N.V. 227,800.0 $19.1M 0.13% $83.70
183 GDX PUT VANECK ETF TRUST 222,200.0 $19.1M 0.13% +142K +177.8% $85.77 -0.9%
184 MRNA PUT MODERNA INC Healthcare 644,300.0 $19.0M 0.13% +477K +285.8% $29.49 +59.0%
185 CALL AVIDITY BIOSCIENCES INC 260,800.0 $18.8M 0.13% -6K -2.1% $72.13
186 ISRG PUT INTUITIVE SURGICAL INC Healthcare 33,200.0 $18.8M 0.13% NEW $566.36 -22.6%
187 GOOGL ALPHABET INC Communication Services 60,000.0 $18.8M 0.13% NEW $313.00 +22.4%
188 GEHC CALL GE HEALTHCARE TECHNOLOGIES I Healthcare 227,600.0 $18.7M 0.13% NEW $82.02 -21.7%
189 EPD CALL ENTERPRISE PRODS PARTNERS L Energy 577,400.0 $18.5M 0.13% +550K +2007.3% $32.06 +23.6%
190 ARGX CALL ARGENX SE Healthcare 22,000.0 $18.5M 0.13% -73K -76.9% $840.95 -4.1%
191 PUT CONFLUENT INC 607,300.0 $18.4M 0.13% +78K +14.7% $30.24
192 ISRG CALL INTUITIVE SURGICAL INC Healthcare 32,400.0 $18.4M 0.13% NEW $566.36 -22.6%
193 SEZL PUT SEZZLE INC Financial Services 289,000.0 $18.3M 0.13% NEW $63.48 +62.0%
194 RCUS ARCUS BIOSCIENCES INC Healthcare 767,698.0 $18.3M 0.12% NEW $23.83 -1.7%
195 VRT CALL VERTIV HOLDINGS CO Industrials 112,100.0 $18.2M 0.12% -127K -53.1% $162.01 +102.1%
196 TSLA CALL TESLA INC Consumer Cyclical 40,000.0 $18.0M 0.12% NEW $449.72 -5.3%
197 CAPR CALL CAPRICOR THERAPEUTICS INC Healthcare 623,000.0 $18.0M 0.12% +164K +35.9% $28.86 +0.0%
198 FSLR CALL FIRST SOLAR INC Energy 68,500.0 $17.9M 0.12% -2K -2.1% $261.23 -1.3%
199 GH CALL GUARDANT HEALTH INC Healthcare 175,000.0 $17.9M 0.12% -82K -32.0% $102.14 +16.5%
200 SATS PUT ECHOSTAR CORP Technology 163,900.0 $17.8M 0.12% -608K -78.8% $108.70 +14.3%
Page 10 of 76  ·  1,512 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%