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)222,800667,200+444,400108,559,300395,636,256+287,076,956
ELECTRONIC ARTS INC(EA)(Put)01,358,600+1,358,6000276,977,782+276,977,782
CARVANA CO(CVNA)(Put)335,4001,137,600+802,200141,545,508357,638,688+216,093,180
AMAZON COM INC(AMZN)(Call)01,000,000+1,000,0000208,270,000+208,270,000
WARNER BROS DISCOVERY INC(WBD)(Put)5,104,70011,916,600+6,811,900147,117,454327,229,836+180,112,382
BLUE OWL CAPITAL INC(OBDC)(Put)2,578,10022,950,400+20,372,30038,516,814209,537,152+171,020,338
UNITED THERAPEUTICS CORP DEL(UTHR)(Put)159,800410,000+250,20077,862,550243,121,800+165,259,250
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)1,397,62315,117,955+13,720,33220,880,488138,026,9296.58%+117,146,441
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)(Put)122,500661,300+538,80031,363,675130,606,750+99,243,075
NETFLIX INC.(NFLX)(Call)86,100947,500+861,4008,072,73691,102,125+83,029,389
NVIDIA CORPORATION(NVDA)(Call)396,000896,000+500,00073,854,000156,262,400+82,408,400
UNITEDHEALTH GROUP INC(UNH)(Put)100,000417,800+317,80033,011,000113,052,502+80,041,502
CONSTELLATION ENERGY CORP(CEG)(Call)0276,700+276,700077,268,475+77,268,475
SELECT SECTOR SPDR TR(Put)
ST STR STAPL ETF
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)400,0001,220,400+820,40016,608,00082,596,672+65,988,672
ADVANCED MICRO DEVICES INC(AMD)(Put)150,000478,500+328,50032,124,00097,341,255+65,217,255
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)160,000175,000+15,00058,974,400122,983,000+64,008,600
SPDR SERIES TRUST(Put)
ST STR SP BIOT
420,000894,100+474,10051,210,600114,203,393+62,992,793
SELECT SECTOR SPDR TR(Put)
ST STR SVC ETF
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)
ST STR SP BIOT
218,800663,800+445,00026,678,28484,787,174+58,108,890
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)94,6001,128,000+1,033,4003,821,84059,468,160+55,646,320
WILLIAMS COS INC(WMB)(Put)123,800862,500+738,7007,441,61862,772,750+55,331,132
CONSTELLATION ENERGY CORP(CEG)(Put)21,600225,400+203,8007,630,63262,942,950+55,312,318
CVS HEALTH CORP(CVS)(Call)0756,600+756,600054,339,012+54,339,012
CG ONCOLOGY INC(CGON)(Put)602,4001,160,000+557,60025,011,64878,508,800+53,497,152
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)0261,143+261,143051,575,7422.46%+51,575,742
CYTOKINETICS INC(CYTK)(Call)486,3001,230,000+743,70030,899,50281,069,300+50,169,798
SELECT SECTOR SPDR TR(Call)
ST STR MATER ETF
01,000,000+1,000,000049,970,000+49,970,000
NVIDIA CORPORATION(NVDA)1,161,1001,507,700+346,600216,545,150262,942,88012.54%+46,397,730
CSX CORP(CSX)(Put)01,085,800+1,085,800044,572,090+44,572,090
XENON PHARMACEUTICALS INC(XENE)(Call)290,000982,200+692,20012,997,80057,114,930+44,117,130
TJX COS INC NEW(TJX)(Put)0275,000+275,000043,917,500+43,917,500
BURLINGTON STORES INC(BURL)(Put)98,800217,000+118,20028,538,38070,607,460+42,069,080
NVIDIA CORPORATION(NVDA)(Put)1,250,0001,575,000+325,000233,125,000274,680,000+41,555,000
UNITED AIRLS HLDGS INC(UAL)(Call)0450,000+450,000041,431,500+41,431,500
MASIMO CORP(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)
ST STR SP REGBNK
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)25,0001,242,500+1,217,500867,75037,461,375+36,593,625
MODERNA INC(MRNA)(Put)644,3001,094,300+450,00019,000,40755,590,440+36,590,033
SIGNET JEWELERS LIMITED(Call)
SHS
10,000407,000+397,000828,80034,448,480+33,619,680
ARISTA NETWORKS INC(ANET)(Put)25,000297,500+272,5003,275,75036,527,050+33,251,300
CLEARWATER ANALYTICS HLDGS I(Call)52,5001,455,600+1,403,1001,266,30034,424,940+33,158,640
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)53,700218,700+165,00013,748,81143,193,250+29,444,439
FLAGSTAR BANK NATIONAL ASSOC(FLG)(Call)388,6002,562,800+2,174,2004,892,47433,752,076+28,859,602
KALVISTA PHARMACEUTICALS INC(Call)01,430,000+1,430,000028,785,900+28,785,900
WILLIAMS COS INC(WMB)(Call)147,000506,800+359,8008,836,17036,884,904+28,048,734
LYONDELLBASELL INDUSTRIES NV(Put)
SHS - A -
0345,000+345,000027,793,200+27,793,200
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Call)169,5001,089,500+920,0005,290,09532,815,740+27,525,645
DATADOG INC(DDOG)(Put)235,600504,500+268,90032,039,24459,556,225+27,516,981
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)85,000586,600+501,6004,474,40030,415,210+25,940,810
ISHARES TR(Put)0309,000+309,000024,735,450+24,735,450
CYTOKINETICS INC(CYTK)(Put)8,800381,600+372,800559,15225,151,256+24,592,104
VERTIV HOLDINGS CO(VRT)(Call)112,100168,200+56,10018,161,32142,147,556+23,986,235
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)342,5001,169,200+826,70015,857,75039,144,816+23,287,066
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)248,500341,000+92,50073,459,08596,052,880+22,593,795
OMNICOM GROUP INC(OMC)(Call)0300,000+300,000022,593,000+22,593,000
EXPAND ENERGY CORPORATION(EXE)(Call)104,200309,100+204,90011,499,51233,932,998+22,433,486
SPDR SERIES TRUST(Put)
SP O&G EXPL PRO
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 FDS
CYBRSCURTY ETF
0854,400+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)60,000400,200+340,2002,768,40023,255,622+20,487,222
TEVA PHARMACEUTICAL INDS LTD(TEVA)(Put)0674,500+674,500020,315,940+20,315,940
DHT HOLDINGS INC(DHT)(Call)19,0001,118,200+1,099,200231,99020,429,514+20,197,524
KALVISTA PHARMACEUTICALS INC(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)792,500847,800+55,30023,370,82543,068,240+19,697,415
WESTERN DIGITAL CORP(WDC)(Put)200,000200,000034,454,00054,098,000+19,644,000
PINTEREST INC(PINS)(Call)100,0001,200,000+1,100,0002,589,00022,008,000+19,419,000
ENERGY TRANSFER L P(ET)(Call)227,5001,200,000+972,5003,751,47523,160,000+19,408,525
RTX CORPORATION(RTX)(Put)0100,000+100,000019,290,000+19,290,000
ONEOK INC NEW(OKE)(Call)752,200824,800+72,60055,286,70074,553,672+19,266,972
DISC MEDICINE INC(IRON)(Call)0300,000+300,000019,182,000+19,182,000
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