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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 65 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1281 HUM HUMANA INC Healthcare 1,538.0 $394K 0.00% -18K -92.3% $256.13 +48.7%
1282 CLOV CALL CLOVER HEALTH INVESTMENTS CO Healthcare 167,200.0 $393K 0.00% NEW $2.35 +88.9%
1283 BCRX CALL BIOCRYST PHARMACEUTICALS INC Healthcare 50,000.0 $390K 0.00% +2K +3.7% $7.80 +10.6%
1284 BCRX PUT BIOCRYST PHARMACEUTICALS INC Healthcare 50,000.0 $390K 0.00% NEW $7.80 +10.6%
1285 BCAX BICARA THERAPEUTICS INC Healthcare 23,000.0 $387K 0.00% NEW $16.83 +34.5%
1286 OPK CALL OPKO HEALTH INC Healthcare 306,800.0 $387K 0.00% $1.26 +29.0%
1287 CRVS CORVUS PHARMACEUTICALS INC Healthcare 49,325.0 $380K 0.00% +27K +126.0% $7.70 +59.3%
1288 BW CALL BABCOCK & WILCOX ENTERPRISES Industrials 59,800.0 $379K 0.00% NEW $6.34 +15.6%
1289 DAVE INC 381,431.0 $374K 0.00% +80K +26.6% $0.98
1290 COGT CALL COGENT BIOSCIENCES INC Healthcare 10,500.0 $373K 0.00% -370K -97.2% $35.52 -7.5%
1291 CZR CAESARS ENTERTAINMENT INC NE Consumer Cyclical 15,936.0 $373K 0.00% -71K -81.7% $23.39 +26.9%
1292 PAR PAR TECHNOLOGY CORP Technology 10,000.0 $363K 0.00% NEW $36.28 -57.0%
1293 DHC DIVERSIFIED HEALTHCARE TR Real Estate 74,663.0 $362K 0.00% +28K +59.6% $4.85 +64.4%
1294 TMC CALL TMC THE METALS COMPANY INC Basic Materials 58,500.0 $361K 0.00% $6.17 -40.3%
1295 DOCN CALL DIGITALOCEAN HLDGS INC Technology 7,500.0 $361K 0.00% NEW $48.12 +176.4%
1296 BTG B2GOLD CORP Basic Materials 80,000.0 $361K 0.00% $4.51 +19.8%
1297 BLAIZE HLDGS INC 898,556.0 $359K 0.00% +420K +87.6% $0.40
1298 WRAP CALL WRAP TECHNOLOGIES INC Technology 150,000.0 $357K 0.00% NEW $2.38 -32.6%
1299 RLMD CALL RELMADA THERAPEUTICS INC Healthcare 73,600.0 $355K 0.00% NEW $4.83 -14.7%
1300 WOR WORTHINGTON ENTERPRISES INC Industrials 6,800.0 $351K 0.00% $51.57 +14.4%
Page 65 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 35.3%
Consumer Cyclical 19.5%
Healthcare 15.6%
Financial Services 7.6%
Communication Services 6.0%
Energy 4.6%
Industrials 4.0%
Basic Materials 2.7%
Consumer Defensive 2.3%
Utilities 1.3%