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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 64 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1261 CVE CENOVUS ENERGY INC Energy 26,100.0 $442K 0.00% NEW $16.92 +77.6%
1262 HRTX CALL HERON THERAPEUTICS INC Healthcare 339,100.0 $441K 0.00% NEW $1.30 -33.9%
1263 REI PUT RING ENERGY INC Energy 500,000.0 $435K 0.00% $0.87 +58.6%
1264 PBF PBF ENERGY INC Energy 16,000.0 $434K 0.00% NEW $27.12 +48.3%
1265 RGNX CALL REGENXBIO INC Healthcare 30,000.0 $432K 0.00% $14.40 -55.9%
1266 RGNX PUT REGENXBIO INC Healthcare 30,000.0 $432K 0.00% $14.40 -55.9%
1267 VTS VITESSE ENERGY INC Energy 22,000.0 $424K 0.00% $19.26 -5.9%
1268 FLY CALL FIREFLY AEROSPACE INC Industrials 18,800.0 $421K 0.00% NEW $22.37 +121.3%
1269 ENGENE HOLDINGS INC 141,904.0 $420K 0.00% +135K +1886.3% $2.96
1270 LRN STRIDE INC Consumer Defensive 6,400.0 $416K 0.00% NEW $64.93 +36.5%
1271 CALL RITHM PPTY TR INC 25,000.0 $414K 0.00% NEW $16.58
1272 IMVT IMMUNOVANT INC Healthcare 16,000.0 $407K 0.00% -74K -82.2% $25.42 +34.3%
1273 NTLA CALL INTELLIA THERAPEUTICS INC Healthcare 45,000.0 $405K 0.00% -155K -77.5% $8.99 +40.2%
1274 NTLA PUT INTELLIA THERAPEUTICS INC Healthcare 45,000.0 $405K 0.00% -75K -62.5% $8.99 +40.2%
1275 PFSI PENNYMAC FINL SVCS INC NEW Financial Services 3,060.0 $403K 0.00% $131.84 -34.9%
1276 BRSP BRIGHTSPIRE CAPITAL INC Real Estate 71,152.0 $398K 0.00% -12K -14.7% $5.60 +1.3%
1277 MEOH METHANEX CORP Basic Materials 10,018.0 $398K 0.00% $39.72 +51.4%
1278 PTEN PUT PATTERSON-UTI ENERGY INC Energy 65,100.0 $398K 0.00% $6.11 +101.5%
1279 WTI W & T OFFSHORE INC Energy 242,379.0 $395K 0.00% +187K +337.6% $1.63 +171.8%
1280 PLUG CALL PLUG POWER INC Industrials 200,000.0 $394K 0.00% $1.97 +91.9%
Page 64 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%