Capricorn Fund Managers Ltd — 13F Holdings & Portfolio
CIK 1901361 · latest 13F-HR filed 2026-04-24
Capricorn Fund Managers Ltd manages $641.4M in 13F-reported U.S. long-equity assets across 114 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are CVNA (4.66%), BAC (4.08%), ZYME (3.93%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 70 new positions, exited 38, added to 25, and trimmed 18.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$641.4M
Long-equity book
114
Distinct positions
2026-03-31
Filed 2026-04-24
+70 / −38 / ↑25 / ↓18
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Bank of America Corp$24.8M +1769.1%
- Norfolk Southern Corp$10.3M +143.0%
- Phibro Animal Health Corp$7.9M +114.7%
- Electronic Arts$7.6M +96.4%
- JSC KASPI GLOBAL SPON ADS REP ORD$7.5M +563.1%
Top Trims
- WAYSTAR HOLDING ORD-$23.1M -95.4%
- Roivant Sciences Ltd-$9.1M -94.3%
- ASTERA LABS ORD-$7.7M -92.5%
- Glaukos Corp-$6.5M -95.6%
- Terex Corp-$4.3M -62.6%
New Positions
- Carvana Co$29.9M
- Axogen$22.8M
- KKR & Co$19.6M
- Envista Holdings Corp$18.9M
- KINGSWAY FINANCIAL SERVICES INC.$18.6M
Exited Positions
- STRUCTURE THERAPEUTICS INC$17.6M
- Nuvation Bio$14.2M
- Guardant Health$11.0M
- Exact Sciences Corp$9.8M
- BioLife Solutions$9.2M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | Carvana Co | CVNA | 146869102 | $29.9M | 4.66% | 95,000 | SH |
| 2 | Bank of America Corp | BAC | 060505104 | $26.2M | 4.08% | 537,000 | SH |
| 3 | Zymeworks | ZYME | 98985Y108 | $25.2M | 3.93% | 1,007,210 | SH |
| 4 | Axogen | AXGN | 05463X106 | $22.8M | 3.55% | 687,600 | SH |
| 5 | KKR & Co | KKR | 48251W104 | $19.6M | 3.06% | 212,000 | SH |
| 6 | Envista Holdings Corp | NVST | 29415F104 | $18.9M | 2.95% | 746,200 | SH |
| 7 | KINGSWAY FINANCIAL SERVICES INC. | KFS | 496904202 | $18.6M | 2.90% | 1,784,893 | SH |
| 8 | Adaptive Biotechnologies Corp | ADPT | 00650F109 | $17.9M | 2.80% | 1,291,773 | SH |
| 9 | Norfolk Southern Corp | NSC | 655844108 | $17.5M | 2.73% | 61,117 | SH |
| 10 | Beauty Health Company (The) | SKIN | 88331L108 | $17.3M | 2.69% | 19,404,192 | SH |
| 11 | PRIMERICA | PRI | 74164M108 | $17.0M | 2.66% | 68,041 | SH |
| 12 | Electronic Arts | EA | 285512109 | $15.5M | 2.41% | 75,898 | SH |
| 13 | Phibro Animal Health Corp | PAHC | 71742Q106 | $14.8M | 2.30% | 267,045 | SH |
| 14 | ENLIVEN THERAPEUTICS ORD | ELVN | 29337E102 | $14.5M | 2.26% | 369,400 | SH |
| 15 | Karooooo Ltd | KARO | Y4600W108 | $13.9M | 2.16% | 278,346 | SH |
| 16 | Microsoft Corp | MSFT | 594918104 | $12.0M | 1.87% | 32,343 | SH |
| 17 | Chart Industries | GTLS | 16115Q308 | $11.8M | 1.84% | 56,989 | SH |
| 18 | Blend Labs | BLND | 09352U108 | $11.0M | 1.72% | 6,499,507 | SH |
| 19 | Berkshire Hathaway | BRK.B | 084670702 | $10.8M | 1.68% | 22,468 | SH |
| 20 | Liquidia Corp | LQDA | 53635D202 | $9.3M | 1.46% | 247,405 | SH |
| 21 | Amazon.com | AMZN | 023135106 | $9.3M | 1.45% | 44,648 | SH |
| 22 | Alphabet Inc - Class A | GOOGL | 02079K305 | $8.9M | 1.39% | 31,067 | SH |
| 23 | TXNM ENERGY ORD | TXNM | 69349H107 | $8.8M | 1.38% | 151,009 | SH |
| 24 | JSC KASPI GLOBAL SPON ADS REP ORD | KSPI | 48581R205 | $8.8M | 1.37% | 118,900 | SH |
| 25 | British American Tobacco plc | BTI | 110448107 | $8.6M | 1.34% | 147,000 | SH |
| 26 | Robinhood Markets | HOOD | 770700102 | $8.6M | 1.33% | 123,500 | SH |
| 27 | PepsiCo | PEP | 713448108 | $8.3M | 1.30% | 53,530 | SH |
| 28 | Agilent Technologies | A | 00846U101 | $8.2M | 1.27% | 71,600 | SH |
| 29 | LUXEXPERIENCE ADS REP ORD | LUXE | 55406W103 | $8.2M | 1.27% | 1,023,172 | SH |
| 30 | Align Technology | ALGN | 016255101 | $8.1M | 1.27% | 47,400 | SH |
| 31 | Meta Platforms | META | 30303M102 | $7.7M | 1.20% | 13,500 | SH |
| 32 | Amicus Therapeutics | FOLD | 03152W109 | $7.7M | 1.20% | 534,079 | SH |
| 33 | T Rowe Price Group | TROW | 74144T108 | $7.5M | 1.17% | 83,475 | SH |
| 34 | SHARKNINJA ORD | SN | G8068L108 | $6.8M | 1.06% | 64,000 | SH |
| 35 | AMER SPORTS ORD | AS | G0260P102 | $6.1M | 0.95% | 185,000 | SH |
| 36 | ABBVIE | ABBV | 00287Y109 | $6.0M | 0.93% | 27,397 | SH |
| 37 | VISA | V | 92826C839 | $5.9M | 0.92% | 19,555 | SH |
| 38 | MaxCyte | MXCT | 57777K106 | $5.8M | 0.90% | 8,200,000 | SH |
| 39 | Apollo Global Management | APO | 03769M106 | $5.7M | 0.89% | 51,000 | SH |
| 40 | Ross Stores | ROST | 778296103 | $5.0M | 0.78% | 23,000 | SH |
| 41 | RealReal (The) | REAL | 88339P101 | $5.0M | 0.78% | 548,730 | SH |
| 42 | Hologic | HOLX | 436440101 | $4.9M | 0.76% | 64,869 | SH |
| 43 | Brinker International | EAT | 109641100 | $4.9M | 0.76% | 34,000 | SH |
| 44 | Restaurant Brands International | QSR | 76131D103 | $4.8M | 0.75% | 65,089 | SH |
| 45 | On Holding AG | ONON | H5919C104 | $4.7M | 0.74% | 139,571 | SH |
| 46 | Pfizer | PFE | 717081103 | $4.7M | 0.73% | 165,730 | SH |
| 47 | Ralph Lauren Corp | RL | 751212101 | $4.6M | 0.71% | 13,280 | SH |
| 48 | Vita Coco Company (The) | COCO | 92846Q107 | $4.6M | 0.71% | 95,000 | SH |
| 49 | BRIGHTSPRING HEALTH SVCS INC | BTSG | 10950A106 | $4.5M | 0.71% | 106,196 | SH |
| 50 | Masimo Corp | MASI | 574795100 | $4.1M | 0.63% | 22,811 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-04-24 | $641.4M | 114 | 0001901361-26-000010 |
| 2025-12-31 | 2026-01-21 | $414.9M | 83 | 0001901361-26-000001 |