Fund Holdings

Caption Management, LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
META PLATFORMS INC(META)(Call)02,000,000+2,000,00001,144,260,000+1,144,260,000
UNITED THERAPEUTICS CORP DEL(UTHR)(Call)0667,200+667,2000395,636,256+395,636,256
ELECTRONIC ARTS INC(EA)(Put)01,358,600+1,358,6000276,977,782+276,977,782
CARVANA CO(CVNA)(Put)01,137,600+1,137,6000357,638,688+357,638,688
AMAZON COM INC(AMZN)(Call)01,000,000+1,000,0000208,270,000+208,270,000
WARNER BROS DISCOVERY INC(WBD)(Put)011,916,600+11,916,6000327,229,836+327,229,836
BLUE OWL CAPITAL INC(OBDC)(Put)022,950,400+22,950,4000209,537,152+209,537,152
UNITED THERAPEUTICS CORP DEL(UTHR)(Put)0410,000+410,0000243,121,800+243,121,800
ISHARES TR(Call)01,537,700+1,537,7000123,092,885+123,092,885
REVOLUTION MEDICINES INC(RVMD)(Put)01,226,900+1,226,9000119,316,025+119,316,025
BLUE OWL CAPITAL INC(OBDC)015,117,955+15,117,9550138,026,9296.58%+138,026,929
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)(Put)0661,300+661,3000130,606,750+130,606,750
NETFLIX INC.(NFLX)(Call)0947,500+947,500091,102,125+91,102,125
NVIDIA CORPORATION(NVDA)(Call)0896,000+896,0000156,262,400+156,262,400
UNITEDHEALTH GROUP INC(UNH)(Put)0417,800+417,8000113,052,502+113,052,502
CONSTELLATION ENERGY CORP(CEG)(Call)0276,700+276,700077,268,475+77,268,475
SELECT SECTOR SPDR TR(Put)0898,500+898,500073,659,030+73,659,030
ELECTRONIC ARTS INC(EA)(Call)0348,100+348,100070,967,147+70,967,147
UNITEDHEALTH GROUP INC(UNH)(Call)0261,000+261,000070,623,990+70,623,990
CG ONCOLOGY INC(CGON)(Call)01,220,400+1,220,400082,596,672+82,596,672
ADVANCED MICRO DEVICES INC(AMD)(Put)0478,500+478,500097,341,255+97,341,255
THE CIGNA GROUP(CI)(Call)0243,000+243,000064,820,250+64,820,250
META PLATFORMS INC(META)0112,500+112,500064,364,6253.07%+64,364,625
LUMENTUM HLDGS INC(LITE)(Call)0175,000+175,0000122,983,000+122,983,000
SPDR SERIES TRUST(Put)0894,100+894,1000114,203,393+114,203,393
SELECT SECTOR SPDR TR(Put)0562,500+562,500062,358,750+62,358,750
WALMART INC(WMT)(Put)0495,000+495,000061,518,600+61,518,600
MADRIGAL PHARMACEUTICALS INC(MDGL)(Call)0117,500+117,500061,507,725+61,507,725
SPDR SERIES TRUST(Call)0663,800+663,800084,787,174+84,787,174
META PLATFORMS INC(META)(Put)0100,000+100,000057,213,000+57,213,000
VERISK ANALYTICS INC(VRSK)(Call)0300,000+300,000056,925,000+56,925,000
UBER TECHNOLOGIES INC(UBER)(Put)0774,600+774,600055,716,978+55,716,978
TERNS PHARMACEUTICALS INC(Call)01,128,000+1,128,000059,468,160+59,468,160
WILLIAMS COS INC(WMB)(Put)0862,500+862,500062,772,750+62,772,750
CONSTELLATION ENERGY CORP(CEG)(Put)0225,400+225,400062,942,950+62,942,950
CVS HEALTH CORP(CVS)(Call)0756,600+756,600054,339,012+54,339,012
CG ONCOLOGY INC(CGON)(Put)01,160,000+1,160,000078,508,800+78,508,800
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)0261,143+261,143051,575,7422.46%+51,575,742
CYTOKINETICS INC(CYTK)(Call)01,230,000+1,230,000081,069,300+81,069,300
SELECT SECTOR SPDR TR(Call)01,000,000+1,000,000049,970,000+49,970,000
NVIDIA CORPORATION(NVDA)01,507,700+1,507,7000262,942,88012.54%+262,942,880
CSX CORP(CSX)(Put)01,085,800+1,085,800044,572,090+44,572,090
XENON PHARMACEUTICALS INC(XENE)(Call)0982,200+982,200057,114,930+57,114,930
TJX COS INC NEW(TJX)(Put)0275,000+275,000043,917,500+43,917,500
BURLINGTON STORES INC(BURL)(Put)0217,000+217,000070,607,460+70,607,460
NVIDIA CORPORATION(NVDA)(Put)01,575,000+1,575,0000274,680,000+274,680,000
UNITED AIRLS HLDGS INC(UAL)(Call)0450,000+450,000041,431,500+41,431,500
MASIMO CORP(MASI)(Call)0232,900+232,900041,425,923+41,425,923
CHEVRON CORPORATION(CVX)(Call)0200,000+200,000041,380,000+41,380,000
SPDR SERIES TRUST(Call)0587,500+587,500038,275,625+38,275,625
EXPAND ENERGY CORPORATION(EXE)(Put)0342,100+342,100037,555,738+37,555,738
IMMUNOCORE HLDGS PLC(IMCR)(Put)01,242,500+1,242,500037,461,375+37,461,375
MODERNA INC(MRNA)(Put)01,094,300+1,094,300055,590,440+55,590,440
SIGNET JEWELERS LIMITED(Call)0407,000+407,000034,448,480+34,448,480
ARISTA NETWORKS INC(ANET)(Put)0297,500+297,500036,527,050+36,527,050
CLEARWATER ANALYTICS HLDGS I(CWAN)(Call)01,455,600+1,455,600034,424,940+34,424,940
GE AEROSPACE(GE)(Call)0114,000+114,000032,349,780+32,349,780
PEPSICO INC(PEP)(Put)0200,000+200,000031,058,000+31,058,000
APOGEE THERAPEUTICS INC(APGE)(Call)0362,600+362,600030,520,042+30,520,042
ELEVANCE HEALTH INC FORMERLY(ELV)(Call)0103,000+103,000030,153,250+30,153,250
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)(Call)0218,700+218,700043,193,250+43,193,250
FLAGSTAR BANK NATIONAL ASSOC(FLG)(Call)02,562,800+2,562,800033,752,076+33,752,076
KALVISTA PHARMACEUTICALS INC(KALV)(Call)01,430,000+1,430,000028,785,900+28,785,900
WILLIAMS COS INC(WMB)(Call)0506,800+506,800036,884,904+36,884,904
LYONDELLBASELL INDUSTRIES NV(Put)0345,000+345,000027,793,200+27,793,200
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call)01,089,500+1,089,500032,815,740+32,815,740
DATADOG INC(DDOG)(Put)0504,500+504,500059,556,225+59,556,225
ADOBE INC(ADBE)(Call)0111,500+111,500027,103,420+27,103,420
VERTEX PHARMACEUTICALS INC(VRTX)(Put)060,000+60,000026,792,400+26,792,400
GXO LOGISTICS INCORPORATED(GXO)(Call)0586,600+586,600030,415,210+30,415,210
ISHARES TR(Put)0309,000+309,000024,735,450+24,735,450
CYTOKINETICS INC(CYTK)(Put)0381,600+381,600025,151,256+25,151,256
VERTIV HOLDINGS CO(VRT)(Call)0168,200+168,200042,147,556+42,147,556
CHARLES RIV LABS INTL INC(CRL)(Call)0139,000+139,000023,977,500+23,977,500
FIRST MAJESTIC SILVER CORP(AG)(Call)01,104,100+1,104,100023,716,068+23,716,068
SOLENO THERAPEUTICS INC(Put)01,169,200+1,169,200039,144,816+39,144,816
NEW YORK TIMES CO MTN BE(NYT)(Put)0275,000+275,000023,025,750+23,025,750
ENLIVEN THERAPEUTICS INC(Call)0586,500+586,500022,990,800+22,990,800
VISA INC(V)(Put)075,000+75,000022,668,000+22,668,000
STANLEY BLACK & DECKER INC(SWK)(Put)0318,400+318,400022,625,504+22,625,504
CELESTICA INC(CLS)(Call)0341,000+341,000096,052,880+96,052,880
OMNICOM GROUP INC(OMC)(Call)0300,000+300,000022,593,000+22,593,000
EXPAND ENERGY CORPORATION(EXE)(Call)0309,100+309,100033,932,998+33,932,998
SPDR SERIES TRUST(Put)0120,000+120,000021,819,600+21,819,600
ABBVIE INC(ABBV)(Put)0100,000+100,000021,749,000+21,749,000
FAIR ISAAC CORP(FICO)(Call)020,100+20,100021,457,554+21,457,554
GLOBAL X FDS0854,400+854,400021,453,9841.02%+21,453,984
JOHNSON & JOHNSON(JNJ)087,550+87,550021,400,7221.02%+21,400,722
VAXCYTE INC(PCVX)(Put)0400,200+400,200023,255,622+23,255,622
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Put)0674,500+674,500020,315,940+20,315,940
DHT HOLDINGS INC(DHT)(Call)01,118,200+1,118,200020,429,514+20,429,514
KALVISTA PHARMACEUTICALS INC(KALV)(Put)01,000,000+1,000,000020,130,000+20,130,000
STANLEY BLACK & DECKER INC(SWK)0280,463+280,463019,929,7010.95%+19,929,701
MODERNA INC(MRNA)(Call)0847,800+847,800043,068,240+43,068,240
WESTERN DIGITAL CORP(WDC)(Put)0200,000+200,000054,098,000+54,098,000
PINTEREST INC(PINS)(Call)01,200,000+1,200,000022,008,000+22,008,000
ENERGY TRANSFER L P(ET)(Call)01,200,000+1,200,000023,160,000+23,160,000
RTX CORPORATION(RTX)(Put)0100,000+100,000019,290,000+19,290,000
ONEOK INC NEW(OKE)(Call)0824,800+824,800074,553,672+74,553,672
DISC MEDICINE INC(IRON)(Call)0300,000+300,000019,182,000+19,182,000
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