Fund HoldingsCaption Management, LLC

Total Portfolio Value
$14.58B
Total Bought
$7.69B
Total Sold
$5.84B
Net Transaction
+$1.85B
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
NVIDIA CORPORATION(NVDA)(Put)500,0001,250,000+750,00093,290233,125+139,835
WARNER BROS DISCOVERY INC(WBD)(Put)05,104,700+5,104,7000147,117+147,117
APPLE INC(AAPL)(Put)0470,000+470,0000127,774+127,774
APPLE INC(AAPL)0470,000+470,0000127,7740.88%+127,774
NVIDIA CORPORATION(NVDA)500,0001,161,100+661,10093,290216,5451.48%+123,255
MICROSOFT CORP(MSFT)(Call)0250,000+250,0000120,905+120,905
WARNER BROS DISCOVERY INC(WBD)(Call)04,974,500+4,974,5000143,365+143,365
BOEING CO(BA)(Call)0546,800+546,8000118,721+118,721
VERTIV HOLDINGS CO(VRT)(Put)0719,300+719,3000116,534+116,534
CHIPOTLE MEXICAN GRILL INC(CMG)(Put)02,839,400+2,839,4000105,058+105,058
GE VERNOVA INC(GEV)(Put)0139,200+139,200090,977+90,977
NETFLIX INC(NFLX)(Put)0846,200+846,200079,340+79,340
ARK ETF TR(Put)
INNOVATION ETF
595,0001,656,400+1,061,40051,349127,410+76,062
JOHNSON & JOHNSON(JNJ)(Put)0362,300+362,300074,978+74,978
MP MATERIALS CORP(MP)(Call)01,994,500+1,994,5000100,762+100,762
NVIDIA CORPORATION(NVDA)(Call)0396,000+396,000073,854+73,854
ALPHABET INC(GOOG)0397,000+397,0000124,5790.85%+124,579
NETFLIX INC(NFLX)0760,100+760,100071,2670.49%+71,267
CIDARA THERAPEUTICS INC(Call)0300,000+300,000066,267+66,267
ELI LILLY & CO(LLY)(Put)059,900+59,900064,373+64,373
ALPHABET INC(GOOG)(Put)0378,700+378,7000118,836+118,836
CELESTICA INC(CLS)(Call)0248,500+248,500073,459+73,459
ORACLE CORP(ORCL)(Put)0449,200+449,200087,554+87,554
SELECT SECTOR SPDR TR(Call)
ST STR INDL ETF
0352,500+352,500054,680+54,680
PRAXIS PRECISION MEDICINES I(PRAX)(Put)0200,000+200,000058,948+58,948
SPDR SERIES TRUST(Put)
ST STR SP BIOT
0420,000+420,000051,211+51,211
CAESARS ENTERTAINMENT INC NE(CZR)(Call)03,110,000+3,110,000072,743+72,743
ECHOSTAR CORP(ECHO)(Call)670,200941,100+270,90051,176102,298+51,121
CAPITAL ONE FINL CORP(COF)(Call)155,800347,500+191,70033,12084,220+51,100
MICROSOFT CORP(MSFT)0104,200+104,200050,3930.35%+50,393
LAMB WESTON HLDGS INC(LW)(Put)01,200,000+1,200,000050,268+50,268
ELI LILLY & CO(LLY)(Call)046,300+46,300049,758+49,758
MICROSOFT CORP(MSFT)(Put)0100,000+100,000048,362+48,362
MARVELL TECHNOLOGY INC(MRVL)(Put)0750,000+750,000063,735+63,735
ONEOK INC NEW(OKE)(Call)0752,200+752,200055,287+55,287
STRATEGY INC(MSTR)(Call)0295,000+295,000044,825+44,825
MINERALYS THERAPEUTICS INC(MLYS)(Call)01,227,400+1,227,400044,542+44,542
AST SPACEMOBILE INC(ASTS)(Call)0940,500+940,500068,309+68,309
LUMENTUM HLDGS INC(LITE)(Call)0160,000+160,000058,974+58,974
KINIKSA PHARMACEUTICALS INTL(KNSA)(Call)01,490,500+1,490,500061,483+61,483
CORCEPT THERAPEUTICS INC(CORT)(Put)01,119,500+1,119,500038,959+38,959
STRATEGY INC(MSTR)(Put)0295,000+295,000044,825+44,825
EXACT SCIENCES CORP(EXK)(Call)0403,200+403,200040,949+40,949
BRISTOL-MYERS SQUIBB CO(BMY)(Put)0750,000+750,000040,455+40,455
VERA THERAPEUTICS INC(VERA)(Call)0702,200+702,200035,559+35,559
CELCUITY INC(CELC)(Call)0516,800+516,800051,546+51,546
REVOLUTION MEDICINES INC(RVMD)(Call)0736,100+736,100058,630+58,630
NOVO-NORDISK A S(NVO)(Put)450,0001,135,000+685,00024,97157,749+32,778
ORACLE CORP(ORCL)0179,620+179,620035,0100.24%+35,010
MICRON TECHNOLOGY INC(MU)(Call)0113,000+113,000032,251+32,251
MINERALYS THERAPEUTICS INC(MLYS)(Put)01,221,800+1,221,800044,339+44,339
ADVANCED MICRO DEVICES INC(AMD)(Put)0150,000+150,000032,124+32,124
ADVANCED MICRO DEVICES INC(AMD)0150,000+150,000032,1240.22%+32,124
TAKE-TWO INTERACTIVE SOFTWAR(TTWO)(Put)0122,500+122,500031,364+31,364
BROADCOM INC(AVGO)(Call)090,500+90,500031,322+31,322
LITHIA MTRS INC(LAD)(Call)093,200+93,200030,973+30,973
BRISTOL-MYERS SQUIBB CO(BMY)0537,700+537,700029,0040.20%+29,004
CAMECO CORP(CCJ)(Put)0616,500+616,500056,404+56,404
AMBARELLA INC(AMBA)(Call)0406,500+406,500028,796+28,796
VALE S A(Call)02,155,400+2,155,400028,085+28,085
ASCENDIS PHARMA A/S(ASND)(Call)0230,000+230,000049,045+49,045
GLOBUS MED INC(GMED)(Call)0316,700+316,700027,651+27,651
VISTRA CORP(VST)(Put)0225,800+225,800036,428+36,428
D R HORTON INC(DHI)(Call)0189,000+189,000027,222+27,222
PLANET FITNESS INC(PLNT)(Call)0250,200+250,200027,139+27,139
CITIGROUP INC(C)(Call)0345,000+345,000040,258+40,258
SPDR SERIES TRUST(Call)
ST STR SP BIOT
0218,800+218,800026,678+26,678
CARRIER GLOBAL CORPORATION(CARR)(Put)0500,000+500,000026,420+26,420
ISHARES INC(Put)1,400,0001,800,000+400,00070,77097,074+26,304
ALPHABET INC(GOOG)(Put)0200,000+200,000062,600+62,600
ARCUS BIOSCIENCES INC(RCUS)(Call)01,080,000+1,080,000025,736+25,736
BOEING CO(BA)(Put)0150,000+150,000032,568+32,568
CG ONCOLOGY INC(CGON)(Put)0602,400+602,400025,012+25,012
ALBEMARLE CORP(ALB)(Call)0175,000+175,000024,752+24,752
UNITED RENTALS INC(URI)(Put)030,500+30,500024,684+24,684
VALE S A(Put)01,875,400+1,875,400024,436+24,436
DICKS SPORTING GOODS INC(DKS)(Put)0179,300+179,300035,496+35,496
CAPITAL ONE FINL CORP(COF)(Put)0100,000+100,000024,236+24,236
CENTRUS ENERGY CORP(LEU)(Call)099,000+99,000024,033+24,033
ESTABLISHMENT LABS HLDGS INC(ESTA)(Call)0328,000+328,000023,905+23,905
SPDR SERIES TRUST(Put)
ST STR SP METAL
0229,400+229,400023,768+23,768
SHOPIFY INC(SHOP)(Put)0147,000+147,000023,663+23,663
JOHNSON & JOHNSON(JNJ)(Call)0200,000+200,000041,390+41,390
CHIPOTLE MEXICAN GRILL INC(CMG)0620,000+620,000022,9400.16%+22,940
INSMED INC(INSM)0130,000+130,000022,6250.16%+22,625
TERAWULF INC(WULF)(Put)03,672,500+3,672,500042,197+42,197
KRANESHARES TRUST(Put)0650,000+650,000022,133+22,133
MODERNA INC(MRNA)(Call)0792,500+792,500023,371+23,371
ISHARES TR(Put)0125,000+125,000021,096+21,096
THERMO FISHER SCIENTIFIC INC(TMO)(Put)036,100+36,100020,918+20,918
SPDR SERIES TRUST(Call)
ST STR SP METAL
0200,000+200,000020,722+20,722
QUALCOMM INC(QCOM)(Put)0119,100+119,100020,372+20,372
IMAX CORP(Put)0549,800+549,800020,321+20,321
FIRST HORIZON CORPORATION(FHN)(Call)0872,000+872,000020,841+20,841
GLOBUS MED INC(GMED)(Put)0230,700+230,700020,142+20,142
ESTABLISHMENT LABS HLDGS INC(ESTA)(Put)0275,000+275,000020,042+20,042
VISTRA CORP(VST)(Call)0122,700+122,700019,795+19,795
AXSOME THERAPEUTICS INC(AXSM)(Call)0125,000+125,000022,830+22,830
INTUITIVE SURGICAL INC(Call)0532,400+532,400020,095+20,095
CAPITAL ONE FINL CORP(COF)081,110+81,110019,6580.13%+19,658
Page 1 of 1