Capricorn Fund Managers Ltd — 13F Holdings & Portfolio
CIK 1901361 · latest 13F-HR filed 2026-07-24
Capricorn Fund Managers Ltd manages $1.27B in 13F-reported U.S. long-equity assets across 178 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are LPLA (4.33%), KKR (3.33%), BP (2.87%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 94 new positions and exited 41; 41 existing positions rose in reported value and 25 fell.
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.
Long-equity book
Distinct positions
Filed 2026-07-24
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 27.4%Cumulative share of the portfolio held in the largest N positions.
As of the firm’s regulatory filing dated May 19, 2026.
2ND FLOOR
LONDON W1J 0DP
United Kingdom
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| Bromley-Martin, Edward, Courtney Control | UK COO since Jan 2026 | Less than 5% | Individual |
| CAMPION, JONATHAN, RICHARD Control | DIRECTOR since May 2019 | 10–25% | Individual |
| CV5 LIMITED Control | SHAREHOLDER since Jun 2019 | 50–75% | Foreign Entity |
| NOIK, DARRYL, SEAN Control | DIRECTOR, CRO, CCO since May 2019 | 10–25% | Individual |
| STOELKER, LYNDA, ANN Control | GROUP COO since Jan 2026 | Less than 5% | Individual |
| CAPRICORN CAPITAL CINQUE TRUST Control Indirect owner via CV5 LIMITED | SHAREHOLDER since Mar 2020 | 75% or more | Foreign Entity |
| R&H TRUST CO, SWITZERLAND AG Control Indirect owner via CAPRICORN CAPITAL CINQUE TRUST | TRUSTEE since Mar 2020 | General partner, trustee or manager | Foreign Entity |
Ownership & leadership changes · 1 filing with changes since Oct 18, 2022
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
- No longer listedLEGACON TRUST ESTABLISHMENT · TRUSTEE · General partner, trustee or manager · indirect via CAPRICORN CAPITAL CINQUE TRUST · control person · listed since Mar 2020
- No longer listedTHESEUS (MONACO) S.A.R.L · TRUSTEE · General partner, trustee or manager · indirect via CAPRICORN CAPITAL CINQUE TRUST · control person · listed since Mar 2020
- AddedBromley-Martin, Edward, Courtney · UK COO · Less than 5% · control person
- AddedR&H TRUST CO, SWITZERLAND AG · TRUSTEE · General partner, trustee or manager · indirect via CAPRICORN CAPITAL CINQUE TRUST · control person
- ChangedSTOELKER, LYNDA, ANN · title COO → GROUP COO
- ListedCAMPION, JONATHAN, RICHARD · DIRECTOR · 10–25% · control person
- ListedCAPRICORN CAPITAL CINQUE TRUST · SHAREHOLDER · 75% or more · indirect via CV5 LIMITED · control person
- ListedCV5 LIMITED · SHAREHOLDER · 50–75% · control person
- ListedLEGACON TRUST ESTABLISHMENT · TRUSTEE · General partner, trustee or manager · indirect via CAPRICORN CAPITAL CINQUE TRUST · control person
- ListedNOIK, DARRYL, SEAN · DIRECTOR, CRO, CCO · 10–25% · control person
- ListedSTOELKER, LYNDA, ANN · COO · Less than 5% · control person
- ListedTHESEUS (MONACO) S.A.R.L · TRUSTEE · General partner, trustee or manager · indirect via CAPRICORN CAPITAL CINQUE TRUST · control person
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- KKR & Co$22.6M +115.3%
- British American Tobacco plc$18.3M +212.8%
- T Rowe Price Group$10.1M +134.6%
- Blend Labs$8.3M +75.1%
- SHARKNINJA ORD$6.6M +97.7%
Top Trims
- Adaptive Biotechnologies Corp-$17.4M -97.3%
- Zymeworks-$12.5M -49.6%
- Envista Holdings Corp-$10.5M -55.6%
- Robinhood Markets-$5.2M -60.5%
- Restaurant Brands International-$4.4M -92.3%
New Positions
- LPL Financial Holdings$54.9M
- BP plc$36.4M
- Shell plc$35.6M
- Applovin Corp$31.6M
- BOOST RUN INC-CL A$29.1M
Exited Positions
- Norfolk Southern Corp$17.5M
- PRIMERICA$17.0M
- Electronic Arts$15.5M
- Phibro Animal Health Corp$14.8M
- ENLIVEN THERAPEUTICS ORD$14.5M
Capricorn Fund Managers Ltd Holdings (2026-06-30)
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 | LPL Financial Holdings | LPLA | 50212V100 | $54.9M | 4.33% | 194,812 | SH |
| 2 | KKR & Co | KKR | 48251W104 | $42.2M | 3.33% | 460,100 | SH |
| 3 | BP plc | BP | 055622104 | $36.4M | 2.87% | 984,203 | SH |
| 4 | Shell plc | SHEL | 780259305 | $35.6M | 2.81% | 459,200 | SH |
| 5 | Applovin Corp | APP | 03831W108 | $31.6M | 2.49% | 61,276 | SH |
| 6 | Carvana Co | CVNA | 146869102 | $31.3M | 2.46% | 475,000 | SH |
| 7 | BOOST RUN INC-CL A | BRUN | 09940T100 | $29.1M | 2.29% | 750,000 | SH |
| 8 | ING Groep NV | ING | 456837103 | $28.2M | 2.23% | 900,000 | SH |
| 9 | British American Tobacco plc | BTI | 110448107 | $26.9M | 2.12% | 435,252 | SH |
| 10 | Bank of America Corp | BAC | 060505104 | $26.1M | 2.05% | 457,455 | SH |
| 11 | Brookdale Senior Living | BKD | 112463104 | $25.3M | 1.99% | 1,570,000 | SH |
| 12 | Affiliated Managers Group | AMG | 008252108 | $23.4M | 1.84% | 69,045 | SH |
| 13 | GSK plc | GSK | 37733W204 | $22.4M | 1.76% | 426,416 | SH |
| 14 | NRG Energy | NRG | 629377508 | $22.1M | 1.74% | 151,000 | SH |
| 15 | Axogen | AXGN | 05463X106 | $21.5M | 1.69% | 464,863 | SH |
| 16 | Taiwan Semiconductor Manufacturing Company Ltd | TSM | 874039100 | $21.1M | 1.66% | 44,200 | SH |
| 17 | REDDIT CL A ORD | RDDT | 75734B100 | $20.8M | 1.64% | 120,000 | SH |
| 18 | Blend Labs | BLND | 09352U108 | $19.3M | 1.53% | 11,314,649 | SH |
| 19 | Travere Therapeutics | TVTX | 89422G107 | $18.3M | 1.44% | 321,721 | SH |
| 20 | Broadcom | AVGO | 11135F101 | $17.9M | 1.41% | 47,500 | SH |
| 21 | T Rowe Price Group | TROW | 74144T108 | $17.7M | 1.39% | 155,300 | SH |
| 22 | Factset Research Systems | FDS | 303075105 | $17.1M | 1.35% | 74,500 | SH |
| 23 | Karooooo Ltd | KARO | Y4600W108 | $15.8M | 1.24% | 319,346 | SH |
| 24 | Beauty Health Company (The) | SKIN | 88331L108 | $15.4M | 1.22% | 22,276,935 | SH |
| 25 | Rio Tinto plc | RIO | 767204100 | $15.2M | 1.20% | 160,275 | SH |
| 26 | KINGSWAY CORPORATION | KWY | 496904202 | $14.7M | 1.16% | 1,410,526 | SH |
| 27 | Liquidia Corp | LQDA | 53635D202 | $14.5M | 1.15% | 182,205 | SH |
| 28 | Sea Limited | SE | 81141R100 | $14.4M | 1.13% | 150,000 | SH |
| 29 | Roper Technologies | ROP | 776696106 | $14.2M | 1.12% | 42,000 | SH |
| 30 | SHARKNINJA ORD | SN | G8068L108 | $13.4M | 1.06% | 88,000 | SH |
| 31 | Zymeworks | ZYME | 98985Y108 | $12.7M | 1.00% | 486,529 | SH |
| 32 | Vistra Corp | VST | 92840M102 | $12.7M | 1.00% | 80,000 | SH |
| 33 | LIFTOFF MOBILE INC | LFTO | 53229X101 | $12.2M | 0.96% | 508,551 | SH |
| 34 | Microsoft Corp | MSFT | 594918104 | $12.1M | 0.95% | 32,343 | SH |
| 35 | Mirum Pharmaceuticals | MIRM | 604749101 | $11.9M | 0.93% | 101,240 | SH |
| 36 | Berkshire Hathaway | BRK.B | 084670702 | $11.2M | 0.89% | 22,468 | SH |
| 37 | Alphabet Inc - Class A | GOOGL | 02079K305 | $11.1M | 0.88% | 31,067 | SH |
| 38 | Amazon.com | AMZN | 023135106 | $10.6M | 0.84% | 44,648 | SH |
| 39 | WPP PLC | WPP | 92937A102 | $10.5M | 0.83% | 676,000 | SH |
| 40 | NatWest Group plc | NWG | 639057207 | $10.4M | 0.82% | 587,290 | SH |
| 41 | JSC KASPI GLOBAL SPON ADS REP ORD | KSPI | 48581R205 | $10.3M | 0.81% | 118,900 | SH |
| 42 | AMER SPORTS ORD | AS | G0260P102 | $10.2M | 0.80% | 300,000 | SH |
| 43 | Capital One Financial | COF | 14040H105 | $10.1M | 0.80% | 50,586 | SH |
| 44 | MaxCyte | MXCT | 57777K106 | $10.1M | 0.79% | 8,200,000 | SH |
| 45 | Sysco Corp | SYY | 871829107 | $10.0M | 0.79% | 120,000 | SH |
| 46 | Envista Holdings Corp | NVST | 29415F104 | $8.4M | 0.66% | 319,028 | SH |
| 47 | FERMI INC | FRMI | 314911108 | $8.0M | 0.63% | 875,000 | SH |
| 48 | Five Below | FIVE | 33829M101 | $7.6M | 0.60% | 42,500 | SH |
| 49 | Meta Platforms | META | 30303M102 | $7.6M | 0.60% | 13,500 | SH |
| 50 | MOOLAKE IMMUNOTHERAPEUTICS | MLTX | 61559X104 | $7.3M | 0.57% | 374,866 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-24 | $1.27B | 178 | 0001901361-26-000014 |
| 2026-03-31 | 2026-04-24 | $641.4M | 114 | 0001901361-26-000010 |
| 2025-12-31 | 2026-01-21 | $414.9M | 83 | 0001901361-26-000001 |
36-38 PICCADILLY
LONDON, X0 W1J 0DP