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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 8 of 76  ·  1,512 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 ESTA CALL ESTABLISHMENT LABS HLDGS INC Healthcare 328,000.0 $23.9M 0.16% NEW $72.88 +1.6%
142 EOSE PUT EOS ENERGY ENTERPRISES INC Industrials 2,079,300.0 $23.8M 0.16% +246K +13.4% $11.46 -23.1%
143 XME PUT SPDR SERIES TRUST 229,400.0 $23.8M 0.16% NEW $103.61 +17.1%
144 SOC PUT SABLE OFFSHORE CORP Energy 2,631,200.0 $23.7M 0.16% -506K -16.1% $9.02 +55.5%
145 SHOP PUT SHOPIFY INC Technology 147,000.0 $23.7M 0.16% NEW $160.97 -35.1%
146 NET PUT CLOUDFLARE INC Technology 120,000.0 $23.7M 0.16% +30K +33.3% $197.15 +11.1%
147 TECH PUT BIO-TECHNE CORP Healthcare 402,200.0 $23.7M 0.16% +285K +242.3% $58.81 -18.5%
148 URGN CALL UROGEN PHARMA LTD Healthcare 1,000,000.0 $23.4M 0.16% $23.42 +27.1%
149 MRNA CALL MODERNA INC Healthcare 792,500.0 $23.4M 0.16% +742K +1485.0% $29.49 +61.6%
150 CMG CHIPOTLE MEXICAN GRILL INC Consumer Cyclical 620,000.0 $22.9M 0.16% +613K +9153.7% $37.00 -12.9%
151 AXSM CALL AXSOME THERAPEUTICS INC Healthcare 125,000.0 $22.8M 0.16% +100K +400.0% $182.64 +28.4%
152 NUVB CALL NUVATION BIO INC Healthcare 2,534,700.0 $22.7M 0.16% +641K +33.8% $8.96 -47.3%
153 INSM INSMED INC Healthcare 130,000.0 $22.6M 0.15% +130K +10000.0% $174.04 -37.6%
154 KWEB PUT KRANESHARES TRUST 650,000.0 $22.1M 0.15% NEW $34.05 -19.8%
155 MRK PUT MERCK & CO INC Healthcare 208,800.0 $22.0M 0.15% +20K +10.7% $105.26 +14.7%
156 PUT ASCENDIS PHARMA A/S 102,500.0 $21.9M 0.15% +88K +587.9% $213.24
157 CALL COMERICA INC 250,000.0 $21.7M 0.15% -665K -72.7% $86.93
158 NN CALL NEXTNAV INC Communication Services 1,292,200.0 $21.5M 0.15% +81K +6.7% $16.64 +36.5%
159 DD CALL DUPONT DE NEMOURS INC Basic Materials 527,900.0 $21.2M 0.15% -47K -8.2% $40.20 +22.8%
160 IBB PUT ISHARES TR 125,000.0 $21.1M 0.14% NEW $168.77 +0.4%
Page 8 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%