13F

Position

Caption Management, LLC in TripAdvisor, 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 −$178K$14.56$10.66

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202545.6K$664.5K0.0%
Q1 202656K$596.8K$10.66−$178K$110.3K0.0%