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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 26 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
501 USB CALL US BANCORP DEL Financial Services 100,000.0 $5.3M 0.04% NEW $53.36 +2.5%
502 VST VISTRA CORP Utilities 33,000.0 $5.3M 0.04% +17K +108.9% $161.33 -0.9%
503 TEVA CALL TEVA PHARMACEUTICAL INDS LTD Healthcare 169,500.0 $5.3M 0.04% +90K +111.9% $31.21 +10.8%
504 RH CALL RH Consumer Cyclical 29,500.0 $5.3M 0.04% NEW $179.15 -20.7%
505 FDX FEDEX CORP Industrials 18,150.0 $5.2M 0.04% +7K +62.8% $288.86 +42.5%
506 FOA CALL FINANCE OF AMERICA COMPAN Financial Services 216,300.0 $5.2M 0.04% $24.21 -18.5%
507 KRC CALL KILROY RLTY CORP Real Estate 140,000.0 $5.2M 0.04% $37.37 -7.0%
508 THC TENET HEALTHCARE CORP Healthcare 26,231.0 $5.2M 0.04% -2K -5.7% $198.72 -8.8%
509 MRK CALL MERCK & CO INC Healthcare 49,500.0 $5.2M 0.04% -198K -80.0% $105.26 +14.7%
510 DAL CALL DELTA AIR LINES INC DEL Industrials 75,000.0 $5.2M 0.04% NEW $69.40 +17.7%
511 QURE PUT UNIQURE NV Healthcare 217,400.0 $5.2M 0.04% -300K -58.0% $23.93 +4.6%
512 USO UNITED STS OIL FD LP Financial Services 75,200.0 $5.2M 0.04% NEW $69.16 +89.7%
513 INCY PUT INCYTE CORP Healthcare 52,500.0 $5.2M 0.04% -32K -37.9% $98.77 -1.7%
514 MSOS CALL ADVISORSHARES TR 1,076,600.0 $5.1M 0.04% -687K -39.0% $4.72 -1.7%
515 RARE ULTRAGENYX PHARMACEUTICAL IN Healthcare 219,500.0 $5.0M 0.04% +55K +33.4% $23.00 +1.5%
516 AMGN PUT AMGEN INC Healthcare 15,400.0 $5.0M 0.04% NEW $327.31 +3.7%
517 PVH PUT PVH CORPORATION Consumer Cyclical 75,000.0 $5.0M 0.03% $67.02 +44.9%
518 CALL BLUE OWL CAPITAL CORPORATION 404,000.0 $5.0M 0.03% NEW $12.43
519 CALL WW INTL INC 170,300.0 $5.0M 0.03% +160K +1603.0% $29.22
520 NBIX CALL NEUROCRINE BIOSCIENCES INC Healthcare 35,000.0 $5.0M 0.03% +5K +16.7% $141.83 +9.9%
Page 26 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%