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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 51 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1001 CRON CRONOS GROUP INC Healthcare 454,661.0 $1.2M 0.01% -340K -42.8% $2.63 +4.0%
1002 KRE SPDR SERIES TRUST 18,372.0 $1.2M 0.01% -95K -83.8% $64.81 +7.7%
1003 USAR PUT USA RARE EARTH INC Basic Materials 100,000.0 $1.2M 0.01% +10K +11.1% $11.90 +130.3%
1004 OPENDOOR TECHNOLOGIES INC 2,261,981.0 $1.2M 0.01% NEW $0.52
1005 GPRE CALL GREEN PLAINS INC Basic Materials 119,000.0 $1.2M 0.01% NEW $9.80 +63.0%
1006 IE CALL IVANHOE ELECTRIC INC Technology 72,900.0 $1.2M 0.01% NEW $15.98 -18.6%
1007 ARLP CALL ALLIANCE RESOURCE PARTNERS L Energy 50,000.0 $1.2M 0.01% NEW $23.23 +7.7%
1008 BMRN BIOMARIN PHARMACEUTICAL INC Healthcare 19,500.0 $1.2M 0.01% NEW $59.43 -11.3%
1009 GIII PUT G III APPAREL GROUP LTD Consumer Cyclical 40,000.0 $1.2M 0.01% NEW $28.96 +11.7%
1010 CALL THE BALDWIN INSURANCE GRP IN 48,100.0 $1.2M 0.01% -36K -42.9% $24.03
1011 BURL BURLINGTON STORES INC Consumer Cyclical 4,000.0 $1.2M 0.01% -1K -25.3% $288.85 +14.1%
1012 GVA CALL GRANITE CONSTR INC Industrials 10,000.0 $1.2M 0.01% -7K -41.2% $115.35 +17.9%
1013 GVA PUT GRANITE CONSTR INC Industrials 10,000.0 $1.2M 0.01% -7K -41.2% $115.35 +17.9%
1014 FIP CALL FTAI INFRASTRUCTURE INC Industrials 250,000.0 $1.2M 0.01% -40K -13.7% $4.61 +0.5%
1015 KOPN CALL KOPIN CORP Technology 491,700.0 $1.2M 0.01% +211K +75.0% $2.34 +143.8%
1016 NIOCORP DEVS LTD 617,756.0 $1.1M 0.01% +482K +353.9% $1.86
1017 BKR CALL BAKER HUGHES COMPANY Energy 25,200.0 $1.1M 0.01% NEW $45.54 +38.8%
1018 PR PERMIAN RESOURCES CORP Energy 81,200.0 $1.1M 0.01% $14.03 +39.8%
1019 FISV FISERV INC Technology 16,900.0 $1.1M 0.01% -6K -27.2% $67.17 -16.8%
1020 LYV LIVE NATION ENTERTAINMENT IN Communication Services 7,959.0 $1.1M 0.01% -45K -85.0% $142.50 +17.9%
Page 51 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%