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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 7 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 RH PUT RH Consumer Cyclical 150,000.0 $26.9M 0.18% +54K +56.6% $179.15 -23.9%
122 UTHR UNITED THERAPEUTICS CORP DEL Healthcare 55,081.0 $26.8M 0.18% +16K +39.4% $487.25 +16.7%
123 XBI CALL SPDR SERIES TRUST 218,800.0 $26.7M 0.18% NEW $121.93 +8.0%
124 CARR PUT CARRIER GLOBAL CORPORATION Industrials 500,000.0 $26.4M 0.18% NEW $52.84 +19.5%
125 KRYS CALL KRYSTAL BIOTECH INC Healthcare 105,300.0 $26.0M 0.18% +5K +5.3% $246.54 +21.5%
126 COMP CALL COMPASS INC Technology 2,446,200.0 $25.9M 0.18% +1.5M +150.0% $10.57 -20.5%
127 RCUS CALL ARCUS BIOSCIENCES INC Healthcare 1,080,000.0 $25.7M 0.18% NEW $23.83 -1.7%
128 TVTX CALL TRAVERE THERAPEUTICS INC Healthcare 666,400.0 $25.5M 0.17% +91K +15.8% $38.21 +16.3%
129 CALL HUT 8 CORP 552,700.0 $25.4M 0.17% -387K -41.2% $45.94
130 SOFI CALL SOFI TECHNOLOGIES INC Financial Services 960,000.0 $25.1M 0.17% +210K +28.0% $26.18 -40.3%
131 CGON PUT CG ONCOLOGY INC Healthcare 602,400.0 $25.0M 0.17% NEW $41.52 +54.7%
132 CIFR CALL CIPHER MINING INC Financial Services 1,685,000.0 $24.9M 0.17% +845K +100.6% $14.76 +48.8%
133 ALB CALL ALBEMARLE CORP Basic Materials 175,000.0 $24.8M 0.17% NEW $141.44 +21.3%
134 URI PUT UNITED RENTALS INC Industrials 30,500.0 $24.7M 0.17% NEW $809.32 +16.0%
135 KVUE CALL KENVUE INC Consumer Defensive 1,425,800.0 $24.6M 0.17% +482K +51.1% $17.25 +1.6%
136 VALE PUT VALE S A Basic Materials 1,875,400.0 $24.4M 0.17% NEW $13.03 +26.5%
137 COF PUT CAPITAL ONE FINL CORP Financial Services 100,000.0 $24.2M 0.17% NEW $242.36 -22.5%
138 LEU CALL CENTRUS ENERGY CORP Energy 99,000.0 $24.0M 0.17% NEW $242.76 -26.1%
139 CRSP CALL CRISPR THERAPEUTICS AG Healthcare 457,100.0 $24.0M 0.16% +4K +0.8% $52.44 -4.0%
140 EQT PUT EQT CORP Energy 446,000.0 $23.9M 0.16% +359K +412.6% $53.60 +8.1%
Page 7 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%