Caption Management, LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$14.6B
Holdings
904
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (904 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 301 | VVISA INC | 24,500 | $8.6B | 58.92% | |
| 302 | CUCAAVIS BUDGET GROUP | 66,400 | $8.5B | 58.42% | Put |
| 303 | MCXMCCORMICK & CO INC | 125,000 | $8.5B | 58.38% | Put |
| 304 | ATECALPHATEC HLDGS INC | 394,000 | $8.3B | 56.84% | Call |
| 305 | STXSEAGATE TECHNOLOGY HLDNGS PL | 30,000 | $8.3B | 56.65% | Call |
| 306 | DQDAQO NEW ENERGY CORP | 279,000 | $8.2B | 56.44% | Call |
| 307 | TARSTARSUS PHARMACEUTICALS INC | 100,000 | $8.2B | 56.15% | Call |
| 308 | SMRNUSCALE PWR CORP | 577,000 | $8.2B | 56.07% | Put |
| 309 | OMEROMEROS CORP | 475,700 | $8.2B | 56.02% | Call |
| 310 | PHATPHATHOM PHARMACEUTICALS INC | 486,300 | $8.1B | 55.32% | Call |
| 311 | OROR ROYALTIES INC. | 226,800 | $8.0B | 55.04% | Call |
| 312 | USBUS BANCORP DEL | 150,000 | $8.0B | 54.89% | Put |
| 313 | WWWW INTL INC | 272,200 | $8.0B | 54.53% | Put |
| 314 | FSKFS KKR CAP CORP | 536,584 | $7.9B | 54.48% | Put |
| 315 | CVSCVS HEALTH CORP | 100,000 | $7.9B | 54.42% | Put |
| 316 | ESPRESPERION THERAPEUTICS INC NE | 2,142,500 | $7.9B | 54.36% | Call |
| 317 | 6RJ0ROCKET LAB CORP | 113,398 | $7.9B | 54.24% | Call |
| 318 | HUNHUNTSMAN CORP | 772,000 | $7.7B | 52.94% | Call |
| 319 | OCULOCULAR THERAPEUTIX INC | 635,100 | $7.7B | 52.86% | Put |
| 320 | TFCTRUIST FINL CORP | 155,000 | $7.6B | 52.30% | Put |
| 321 | SLBSLB LIMITED | 198,700 | $7.6B | 52.29% | Put |
| 322 | PL/WSPLANET LABS PBC | 882,762 | $7.6B | 52.12% | |
| 323 | PTCTPTC THERAPEUTICS INC | 100,000 | $7.6B | 52.09% | Call |
| 324 | GNWGENWORTH FINL INC | 839,600 | $7.6B | 51.99% | Call |
| 325 | KDPKEURIG DR PEPPER INC | 268,300 | $7.5B | 51.53% | Call |
| 326 | KRKROGER CO | 120,000 | $7.5B | 51.41% | Call |
| 327 | PSKYPARAMOUNT SKYDANCE CORP | 558,259 | $7.5B | 51.29% | Put |
| 328 | PARPAR TECHNOLOGY CORP | 204,100 | $7.4B | 50.77% | Put |
| 329 | ERASERASCA INC | 1,987,400 | $7.4B | 50.70% | Call |
| 330 | XPOFXPONENTIAL FITNESS INC | 892,680 | $7.3B | 50.37% | Put |
| 331 | FWRDFORWARD AIR CORP | 293,687 | $7.3B | 50.34% | Call |
| 332 | EMNEASTMAN CHEM CO | 114,819 | $7.3B | 50.25% | Call |
| 333 | TEVATEVA PHARMACEUTICAL INDS LTD | 234,500 | $7.3B | 50.18% | Call |
| 334 | PEPPEPSICO INC | 50,000 | $7.2B | 49.21% | Call |
| 335 | AESAES CORP | 494,000 | $7.1B | 48.57% | Put |
| 336 | ONCBEONE MEDICINES LTD | 22,924 | $7.0B | 47.75% | Put |
| 337 | ALITALIGHT INC | 3,551,400 | $6.9B | 47.48% | Put |
| 338 | GLNGGOLAR LNG LTD | 185,900 | $6.9B | 47.43% | Call |
| 339 | EEEXCELERATE ENERGY INC | 244,000 | $6.8B | 46.93% | Put |
| 340 | NXENEXGEN ENERGY LTD | 742,700 | $6.8B | 46.85% | Put |
| 341 | HALHALLIBURTON CO | 240,000 | $6.8B | 46.50% | Put |
| 342 | NKTRNEKTAR THERAPEUTICS | 160,000 | $6.8B | 46.38% | Put |
| 343 | ICLNISHARES TR | 409,800 | $6.7B | 46.17% | |
| 344 | DALDELTA AIR LINES INC DEL | 96,700 | $6.7B | 46.01% | Put |
| 345 | MSOSADVISORSHARES TR | 1,421,700 | $6.7B | 46.01% | Put |
| 346 | DAYDAYFORCE INC | 95,740 | $6.6B | 45.40% | |
| 347 | ADMAADMA BIOLOGICS INC | 362,500 | $6.6B | 45.34% | Put |
| 348 | EWUISHARES TR | 149,400 | $6.6B | 45.05% | Put |
| 349 | TGTXTG THERAPEUTICS INC | 219,700 | $6.5B | 44.90% | Put |
| 350 | AGIALAMOS GOLD INC NEW | 169,300 | $6.5B | 44.79% | Put |
| 351 | QQNITY ELECTRONICS INC | 79,326 | $6.5B | 44.41% | |
| 352 | SLVISHARES SILVER TR | 100,000 | $6.4B | 44.18% | Put |
| 353 | RGTIRIGETTI COMPUTING INC | 290,000 | $6.4B | 44.04% | Put |
| 354 | EX9EXELIXIS INC | 146,000 | $6.4B | 43.87% | Put |
| 355 | SMMTSUMMIT THERAPEUTICS INC | 365,000 | $6.4B | 43.77% | Put |
| 356 | MTNVAIL RESORTS INC | 48,000 | $6.4B | 43.71% | Put |
| 357 | DELLDELL TECHNOLOGIES INC | 50,000 | $6.3B | 43.16% | Call |
| 358 | CLBTCELLEBRITE DI LTD | 348,000 | $6.3B | 43.02% | Put |
| 359 | NVV1NOVAVAX INC | 925,850 | $6.2B | 42.66% | Put |
| 360 | AGIOAGIOS PHARMACEUTICALS INC | 227,686 | $6.2B | 42.49% | Put |
| 361 | AGMFEDERAL AGRIC MTG CORP | 34,999 | $6.1B | 42.13% | Put |
| 362 | BROSDUTCH BROS INC | 100,000 | $6.1B | 41.98% | Call |
| 363 | KKRKKR & CO INC | 48,000 | $6.1B | 41.95% | Put |
| 364 | PCTPURECYCLE TECHNOLOGIES INC | 709,000 | $6.1B | 41.75% | Put |
| 365 | CNKCINEMARK HLDGS INC | 260,500 | $6.1B | 41.51% | Call |
| 366 | OBDCBLUE OWL CAPITAL CORPORATION | 484,000 | $6.0B | 41.25% | Call |
| 367 | NNAVWNEXTNAV INC | 840,850 | $6.0B | 41.23% | |
| 368 | ZMZOOM COMMUNICATIONS INC | 69,435 | $6.0B | 41.08% | |
| 369 | SUNSUNOCO LP/SUNOCO FIN CORP | 113,300 | $5.9B | 40.72% | Put |
| 370 | SRPTSAREPTA THERAPEUTICS INC | 275,590 | $5.9B | 40.66% | Put |
| 371 | GMGENERAL MTRS CO | 72,600 | $5.9B | 40.48% | |
| 372 | KHCKRAFT HEINZ CO | 242,800 | $5.9B | 40.37% | Call |
| 373 | SIBNSI-BONE INC | 297,922 | $5.9B | 40.28% | Put |
| 374 | LIONLIONSGATE STUDIOS CORP | 642,700 | $5.9B | 40.23% | Put |
| 375 | OGM1COGENT COMMUNICATIONS HLDGS | 270,000 | $5.8B | 39.92% | Call |
| 376 | PVHPVH CORPORATION | 86,533 | $5.8B | 39.76% | Put |
| 377 | HPHELMERICH & PAYNE INC | 200,000 | $5.7B | 39.33% | Call |
| 378 | GLOBGLOBANT S A | 87,400 | $5.7B | 39.17% | Put |
| 379 | SOLSSOLSTICE ADVANCED MATLS INC | 117,500 | $5.7B | 39.14% | Put |
| 380 | GTLBGITLAB INC | 150,700 | $5.7B | 38.78% | Put |
| 381 | BACBANK AMERICA CORP | 102,500 | $5.6B | 38.66% | Put |
| 382 | HSICHENRY SCHEIN INC | 74,500 | $5.6B | 38.61% | Call |
| 383 | AVTXAVALO THERAPEUTICS INC | 302,641 | $5.5B | 37.68% | Put |
| 384 | HAMHARMONY GOLD MINING CO LTD | 275,000 | $5.5B | 37.52% | Call |
| 385 | BILLBILL HOLDINGS INC | 100,000 | $5.5B | 37.40% | Call |
| 386 | VCYTVERACYTE INC | 129,500 | $5.5B | 37.38% | Call |
| 387 | AWNADVANCE AUTO PARTS INC | 138,600 | $5.4B | 37.35% | Call |
| 388 | ELDELDORADO GOLD CORP NEW | 151,400 | $5.4B | 37.29% | Call |
| 389 | OXYOCCIDENTAL PETE CORP | 132,192 | $5.4B | 37.27% | Put |
| 390 | KGCKINROSS GOLD CORP | 191,600 | $5.4B | 37.00% | Call |
| 391 | IQIQIYI INC | 2,802,200 | $5.4B | 36.89% | Put |
| 392 | CSGPCOSTAR GROUP INC | 79,800 | $5.4B | 36.79% | Put |
| 393 | QC10FLAGSTAR BANK NATIONAL ASSOC | 417,100 | $5.3B | 36.00% | Put |
| 394 | ENPHENPHASE ENERGY INC | 163,700 | $5.2B | 35.97% | Put |
| 395 | AEVAAEVA TECHNOLOGIES INC | 395,000 | $5.2B | 35.96% | Put |
| 396 | FDXFEDEX CORP | 18,150 | $5.2B | 35.95% | |
| 397 | FOAFINANCE OF AMERICA COMPAN | 216,300 | $5.2B | 35.91% | Call |
| 398 | KRCKILROY RLTY CORP | 140,000 | $5.2B | 35.87% | Call |
| 399 | USOUNITED STS OIL FD LP | 75,200 | $5.2B | 35.66% | |
| 400 | INCYINCYTE CORP | 52,500 | $5.2B | 35.56% | Put |