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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 34 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
661 SLB SLB LIMITED Energy 83,800.0 $3.2M 0.02% +32K +60.5% $38.38 +47.2%
662 CALL AIR LEASE CORP 50,000.0 $3.2M 0.02% -25K -33.3% $64.23
663 ENPH PUT ENPHASE ENERGY INC Energy 100,000.0 $3.2M 0.02% NEW $32.05 +119.3%
664 EXEL CALL EXELIXIS INC Healthcare 73,000.0 $3.2M 0.02% -124K -63.0% $43.83 +14.1%
665 EXEL PUT EXELIXIS INC Healthcare 73,000.0 $3.2M 0.02% -223K -75.3% $43.83 +14.1%
666 MEG CALL MONTROSE ENVIRONMENTAL GROUP Industrials 128,500.0 $3.2M 0.02% +34K +36.0% $24.83 -36.0%
667 AA PUT ALCOA CORP Basic Materials 60,000.0 $3.2M 0.02% -25K -29.4% $53.14 +37.7%
668 AEO CALL AMERICAN EAGLE OUTFITTERS IN Consumer Cyclical 120,400.0 $3.2M 0.02% NEW $26.37 -33.4%
669 PSKY PARAMOUNT SKYDANCE CORP Communication Services 236,659.0 $3.2M 0.02% NEW $13.40 -20.7%
670 NKTR PUT NEKTAR THERAPEUTICS Healthcare 75,000.0 $3.2M 0.02% -2K -3.2% $42.28 +54.7%
671 SWKS CALL SKYWORKS SOLUTIONS INC Technology 50,000.0 $3.2M 0.02% NEW $63.41 +24.1%
672 CART MAPLEBEAR INC Consumer Cyclical 70,203.0 $3.2M 0.02% +15K +26.4% $44.98 -10.1%
673 PUT NEBIUS GROUP N.V. 37,500.0 $3.1M 0.02% $83.71
674 OWL CALL BLUE OWL CAPITAL INC Financial Services 210,000.0 $3.1M 0.02% +10K +5.0% $14.94 -32.2%
675 WOLF CALL WOLFSPEED INC Technology 180,000.0 $3.1M 0.02% -100K -35.7% $17.41 +322.2%
676 EWTX PUT EDGEWISE THERAPEUTICS INC Healthcare 125,800.0 $3.1M 0.02% NEW $24.82 +35.2%
677 HON CALL HONEYWELL INTL INC Industrials 16,000.0 $3.1M 0.02% NEW $195.09 +18.7%
678 ZBIO CALL ZENAS BIOPHARMA INC Healthcare 85,700.0 $3.1M 0.02% NEW $36.31 -48.4%
679 FNV CALL FRANCO NEV CORP Basic Materials 15,000.0 $3.1M 0.02% NEW $207.28 +7.7%
680 VNDA CALL VANDA PHARMACEUTICALS INC Healthcare 349,300.0 $3.1M 0.02% +312K +844.0% $8.82 -26.8%
Page 34 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%