13F

Position

Caption Management, LLC in Seabridge Gold Inc

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$5.25K$29.59$28.34

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20255.91K$174.8K0.0%
Q1 20264.2K$119K$28.34−$5.25K−$50.5K0.0%