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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 55 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1081 GSM FERROGLOBE PLC Basic Materials 201,150.0 $933K 0.01% NEW $4.64 -7.5%
1082 WU PUT WESTERN UN CO Financial Services 100,000.0 $931K 0.01% +5K +5.3% $9.31 -10.1%
1083 DUK DUKE ENERGY CORP NEW Utilities 7,900.0 $926K 0.01% NEW $117.21 +7.2%
1084 NEXT CALL NEXTDECADE CORP Energy 175,000.0 $922K 0.01% NEW $5.27 +60.5%
1085 TJX TJX COS INC NEW Consumer Cyclical 6,000.0 $922K 0.01% $153.61 +3.0%
1086 ASTL CALL ALGOMA STL GROUP INC Basic Materials 224,500.0 $920K 0.01% $4.10 +15.4%
1087 AAL AMERICAN AIRLS GROUP INC Industrials 60,000.0 $920K 0.01% NEW $15.33 -9.7%
1088 TFX TELEFLEX INCORPORATED Healthcare 7,500.0 $915K 0.01% NEW $122.04 +8.8%
1089 TIPT PUT TIPTREE INC Financial Services 50,000.0 $914K 0.01% $18.27 -4.4%
1090 FND FLOOR & DECOR HLDGS INC Consumer Cyclical 15,000.0 $913K 0.01% NEW $60.89 -20.8%
1091 ADMA PUT ADMA BIOLOGICS INC Healthcare 50,000.0 $912K 0.01% -282K -85.0% $18.24 -54.8%
1092 CALL TALPHERA INC 799,600.0 $912K 0.01% +550K +219.8% $1.14
1093 AEO AMERICAN EAGLE OUTFITTERS IN Consumer Cyclical 34,500.0 $910K 0.01% $26.37 -37.3%
1094 PTLO PUT PORTILLOS INC Consumer Cyclical 200,000.0 $908K 0.01% $4.54 -11.2%
1095 WMB WILLIAMS COS INC Energy 15,100.0 $908K 0.01% NEW $60.11 +30.5%
1096 DAL PUT DELTA AIR LINES INC DEL Industrials 13,000.0 $902K 0.01% NEW $69.40 +9.7%
1097 PCT PURECYCLE TECHNOLOGIES INC Industrials 105,000.0 $902K 0.01% NEW $8.59 +31.8%
1098 DAR DARLING INGREDIENTS INC Consumer Defensive 25,000.0 $900K 0.01% NEW $36.00 +62.8%
1099 CALL RAMACO RES INC 50,000.0 $900K 0.01% $18.00
1100 USAR CALL USA RARE EARTH INC Basic Materials 75,000.0 $892K 0.01% +65K +650.0% $11.90 +112.6%
Page 55 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%