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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 18 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 PUT CIDARA THERAPEUTICS INC 44,100.0 $9.7M 0.07% $220.89
342 ANAB CALL ANAPTYSBIO INC Healthcare 200,000.0 $9.7M 0.07% NEW $48.48 +19.7%
343 KMI CALL KINDER MORGAN INC DEL Energy 351,000.0 $9.6M 0.07% +236K +206.0% $27.49 +17.4%
344 COMP COMPASS INC Technology 909,670.0 $9.6M 0.07% +780K +599.8% $10.57 -17.3%
345 PCG CALL PG&E CORP Utilities 588,000.0 $9.4M 0.07% -1.8M -75.8% $16.07 +3.0%
346 BMY CALL BRISTOL-MYERS SQUIBB CO Healthcare 175,000.0 $9.4M 0.07% +50K +40.0% $53.94 +8.9%
347 MCHP PUT MICROCHIP TECHNOLOGY INC. Technology 148,000.0 $9.4M 0.07% NEW $63.72 +49.3%
348 FCX PUT FREEPORT-MCMORAN INC Basic Materials 185,000.0 $9.4M 0.06% +37K +24.8% $50.79 +24.3%
349 BIIB BIOGEN INC Healthcare 53,000.0 $9.3M 0.06% +48K +960.0% $175.99 +13.2%
350 RARE PUT ULTRAGENYX PHARMACEUTICAL IN Healthcare 404,700.0 $9.3M 0.06% +255K +170.2% $23.00 +1.7%
351 ADI ANALOG DEVICES INC Technology 34,000.0 $9.2M 0.06% NEW $271.20 +51.1%
352 ILMN CALL ILLUMINA INC Healthcare 70,300.0 $9.2M 0.06% +38K +118.3% $131.16 +11.3%
353 CCJ CAMECO CORP Energy 100,700.0 $9.2M 0.06% +4K +3.9% $91.49 +16.5%
354 LNG PUT CHENIERE ENERGY INC Energy 47,000.0 $9.1M 0.06% NEW $194.39 +18.2%
355 CBL CBL & ASSOC PPTYS INC Real Estate 246,717.0 $9.1M 0.06% -48K -16.2% $37.00 +27.6%
356 KO CALL COCA COLA CO Consumer Defensive 130,000.0 $9.1M 0.06% +48K +57.6% $69.91 +17.4%
357 AGNC CALL AGNC INVT CORP Real Estate 847,600.0 $9.1M 0.06% +750K +768.4% $10.72 -1.1%
358 ZTS CALL ZOETIS INC Healthcare 71,900.0 $9.0M 0.06% +6K +9.3% $125.82 -35.6%
359 YPF CALL YPF SOCIEDAD ANONIMA Energy 250,000.0 $9.0M 0.06% NEW $36.16 +35.7%
360 SMH CALL VANECK ETF TRUST 25,000.0 $9.0M 0.06% NEW $360.13 +63.0%
Page 18 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%