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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 35 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
681 CALL JAMES HARDIE INDS PLC 148,000.0 $3.1M 0.02% NEW $20.75
682 CMTG CALL CLAROS MTG TR INC Real Estate 1,000,000.0 $3.1M 0.02% -32K -3.0% $3.06 -25.3%
683 HTZ PUT HERTZ GLOBAL HLDGS INC Industrials 594,100.0 $3.1M 0.02% $5.14 +1.3%
684 BXP PUT BXP INC Real Estate 45,000.0 $3.0M 0.02% -549K -92.4% $67.48 -10.0%
685 IE IVANHOE ELECTRIC INC Technology 189,800.0 $3.0M 0.02% +10K +5.4% $15.98 -18.6%
686 HL HECLA MNG CO Basic Materials 158,000.0 $3.0M 0.02% NEW $19.19 -10.9%
687 KWR CALL QUAKER HOUGHTON Basic Materials 22,000.0 $3.0M 0.02% $137.31 +7.1%
688 MANU PUT MANCHESTER UTD PLC NEW Communication Services 189,700.0 $3.0M 0.02% $15.92 +41.8%
689 ARKK CALL ARK ETF TR 39,100.0 $3.0M 0.02% -36K -47.6% $76.92 +1.0%
690 VERX CALL VERTEX INC Technology 150,000.0 $3.0M 0.02% $19.97 -36.3%
691 CALL LIONSGATE STUDIOS CORP 327,700.0 $3.0M 0.02% NEW $9.13
692 ARWR ARROWHEAD PHARMACEUTICALS IN Healthcare 44,900.0 $3.0M 0.02% NEW $66.39 +18.5%
693 PUT WW INTL INC 101,900.0 $3.0M 0.02% NEW $29.22
694 BP BP PLC Energy 85,491.0 $3.0M 0.02% -13K -13.1% $34.73 +19.8%
695 CALL PRAXIS PRECISION MEDICINES I 10,000.0 $2.9M 0.02% -34K -77.0% $294.74
696 CAVA PUT CAVA GROUP INC Consumer Cyclical 50,000.0 $2.9M 0.02% -100K -66.7% $58.69 +42.8%
697 AGIO PUT AGIOS PHARMACEUTICALS INC Healthcare 107,300.0 $2.9M 0.02% -279K -72.2% $27.22 +5.6%
698 MARA PUT MARA HOLDINGS INC Financial Services 325,000.0 $2.9M 0.02% +225K +225.0% $8.98 +58.4%
699 EWY CALL ISHARES INC 30,000.0 $2.9M 0.02% NEW $97.22 +101.2%
700 PUT AVIDITY BIOSCIENCES INC 40,000.0 $2.9M 0.02% $72.13
Page 35 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%