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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 2 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 VRT PUT VERTIV HOLDINGS CO Industrials 719,300.0 $116.5M 0.80% +679K +1698.2% $162.01 +102.1%
22 RUN CALL SUNRUN INC Energy 6,203,700.0 $114.1M 0.78% -151K -2.4% $18.40 -20.5%
23 UTHR CALL UNITED THERAPEUTICS CORP DEL Healthcare 222,800.0 $108.6M 0.74% -31K -12.2% $487.25 +16.7%
24 CMG PUT CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 2,839,400.0 $105.1M 0.72% NEW $37.00 -11.1%
25 SATS CALL ECHOSTAR CORP Technology 941,100.0 $102.3M 0.70% +271K +40.4% $108.70 +14.3%
26 MP CALL MP MATERIALS CORP Basic Materials 1,994,500.0 $100.8M 0.69% +1.6M +416.7% $50.52 +27.6%
27 RCL CALL ROYAL CARIBBEAN GROUP Consumer Cyclical 357,000.0 $99.6M 0.68% $278.92 -8.2%
28 EWC PUT ISHARES INC 1,800,000.0 $97.1M 0.67% +400K +28.6% $53.93 +8.5%
29 RDDT PUT REDDIT INC Communication Services 402,300.0 $92.5M 0.63% +43K +11.9% $229.87 -38.4%
30 GEV PUT GE VERNOVA INC Utilities 139,200.0 $91.0M 0.62% +125K +894.3% $653.57 +58.9%
31 ORCL PUT ORACLE CORP Technology 449,200.0 $87.6M 0.60% +334K +290.6% $194.91 -1.5%
32 COF CALL CAPITAL ONE FINL CORP Financial Services 347,500.0 $84.2M 0.58% +192K +123.0% $242.36 -22.5%
33 NFLX PUT NETFLIX INC Communication Services 846,200.0 $79.3M 0.54% NEW $93.76 -5.5%
34 UTHR PUT UNITED THERAPEUTICS CORP DEL Healthcare 159,800.0 $77.9M 0.53% -150K -48.4% $487.25 +16.7%
35 COIN CALL COINBASE GLOBAL INC Financial Services 335,000.0 $75.8M 0.52% +55K +19.6% $226.14 -18.2%
36 JNJ PUT JOHNSON & JOHNSON Healthcare 362,300.0 $75.0M 0.51% NEW $206.95 +13.2%
37 NVDA CALL NVIDIA CORPORATION Technology 396,000.0 $73.9M 0.51% NEW $186.50 +15.5%
38 CLS CALL CELESTICA INC Technology 248,500.0 $73.5M 0.50% +174K +235.8% $295.61 +24.3%
39 CZR CALL CAESARS ENTERTAINMENT INC NE Consumer Cyclical 3,110,000.0 $72.7M 0.50% +2.3M +288.8% $23.39 +21.7%
40 NFLX NETFLIX INC Communication Services 760,100.0 $71.3M 0.49% NEW $93.76 -5.5%
Page 2 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%