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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 19 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
361 CMCSA CALL COMCAST CORP NEW Communication Services 300,000.0 $9.0M 0.06% +100K +50.0% $29.89 -13.7%
362 KTOS CALL KRATOS DEFENSE & SEC SOLUTIO Industrials 118,000.0 $9.0M 0.06% +5K +4.4% $75.91 -25.5%
363 IMTX CALL IMMATICS N.V Healthcare 850,000.0 $8.9M 0.06% NEW $10.50 +8.8%
364 SNDX CALL SYNDAX PHARMACEUTICALS INC Healthcare 424,500.0 $8.9M 0.06% -194K -31.4% $21.01 -4.8%
365 URA CALL GLOBAL X FDS 207,500.0 $8.9M 0.06% -58K -21.7% $42.73 +16.1%
366 CIFR PUT CIPHER MINING INC Financial Services 600,000.0 $8.9M 0.06% -90K -13.0% $14.76 +51.6%
367 WMB CALL WILLIAMS COS INC Energy 147,000.0 $8.8M 0.06% NEW $60.11 +24.7%
368 REPL CALL REPLIMUNE GROUP INC Healthcare 900,000.0 $8.7M 0.06% +48K +5.6% $9.72 -51.5%
369 BSX BOSTON SCIENTIFIC CORP Healthcare 91,000.0 $8.7M 0.06% -10K -9.7% $95.35 -45.6%
370 V VISA INC Financial Services 24,500.0 $8.6M 0.06% -4K -14.0% $350.71 -5.6%
371 HE CALL HAWAIIAN ELEC INDUSTRIES Utilities 697,200.0 $8.6M 0.06% $12.30 +11.6%
372 MKC PUT MCCORMICK & CO INC Consumer Defensive 125,000.0 $8.5M 0.06% NEW $68.11 -29.9%
373 OSG CALL OCTAVE SPECIALTY GROUP INC Financial Services 1,090,200.0 $8.5M 0.06% +74K +7.2% $7.78 -27.9%
374 OSG OCTAVE SPECIALTY GROUP INC Financial Services 1,071,094.0 $8.3M 0.06% -50K -4.5% $7.78 -27.9%
375 ATEC CALL ALPHATEC HLDGS INC Healthcare 394,000.0 $8.3M 0.06% -153K -28.0% $21.04 -62.0%
376 STX CALL SEAGATE TECHNOLOGY HLDNGS PL Technology 30,000.0 $8.3M 0.06% $275.39 +209.3%
377 DQ CALL DAQO NEW ENERGY CORP Technology 279,000.0 $8.2M 0.06% -133K -32.3% $29.50 -40.4%
378 MSM PUT MSC INDL DIRECT INC Industrials 97,500.0 $8.2M 0.06% NEW $84.10 +29.6%
379 MSM CALL MSC INDL DIRECT INC Industrials 97,500.0 $8.2M 0.06% NEW $84.10 +29.6%
380 TARS CALL TARSUS PHARMACEUTICALS INC Healthcare 100,000.0 $8.2M 0.06% +85K +584.9% $81.88 -25.7%
Page 19 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%