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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 14 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
261 SYRE CALL SPYRE THERAPEUTICS INC Healthcare 399,900.0 $13.1M 0.09% +315K +369.4% $32.76 +124.8%
262 DXCM PUT DEXCOM INC Healthcare 197,000.0 $13.1M 0.09% -253K -56.3% $66.37 +9.4%
263 LYFT CALL LYFT INC Technology 675,000.0 $13.1M 0.09% +625K +1250.0% $19.37 -29.2%
264 XENE PUT XENON PHARMACEUTICALS INC Healthcare 290,000.0 $13.0M 0.09% +230K +383.3% $44.82 +21.7%
265 XENE CALL XENON PHARMACEUTICALS INC Healthcare 290,000.0 $13.0M 0.09% +190K +190.0% $44.82 +21.7%
266 HD CALL HOME DEPOT INC Consumer Cyclical 37,500.0 $12.9M 0.09% NEW $344.10 -10.1%
267 SHEL CALL SHELL PLC Energy 175,600.0 $12.9M 0.09% $73.48 +16.8%
268 GDX CALL VANECK ETF TRUST 150,000.0 $12.9M 0.09% -32K -17.8% $85.77 +2.1%
269 ORCL CALL ORACLE CORP Technology 66,000.0 $12.9M 0.09% +26K +63.4% $194.91 -1.7%
270 PYPL PUT PAYPAL HLDGS INC Financial Services 220,000.0 $12.8M 0.09% -220K -50.0% $58.38 -24.6%
271 COIN COINBASE GLOBAL INC Financial Services 56,770.0 $12.8M 0.09% +12K +25.6% $226.14 -18.4%
272 HUM PUT HUMANA INC Healthcare 50,000.0 $12.8M 0.09% -95K -65.5% $256.13 +18.3%
273 SPOT PUT SPOTIFY TECHNOLOGY S A Communication Services 22,000.0 $12.8M 0.09% NEW $580.71 -9.0%
274 FCX CALL FREEPORT-MCMORAN INC Basic Materials 251,500.0 $12.8M 0.09% -38K -13.0% $50.79 +25.9%
275 CGON CG ONCOLOGY INC Healthcare 306,846.0 $12.7M 0.09% NEW $41.52 +46.4%
276 BTSG CALL BRIGHTSPRING HEALTH SVCS INC Healthcare 340,000.0 $12.7M 0.09% NEW $37.45 +59.4%
277 SBUX PUT STARBUCKS CORP Consumer Cyclical 150,000.0 $12.6M 0.09% $84.21 +20.8%
278 RRX CALL REGAL REXNORD CORPORATION Industrials 90,000.0 $12.6M 0.09% NEW $140.32 +47.4%
279 ABT CALL ABBOTT LABS Healthcare 100,000.0 $12.5M 0.09% -56K -35.9% $125.29 -30.9%
280 SNOW PUT SNOWFLAKE INC Technology 57,000.0 $12.5M 0.09% NEW $219.36 -18.5%
Page 14 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%