Q2 2026 13F · SEC CIK 1901361
Capricorn Fund Managers Ltd
Hedge fundFiled 2026-07-24 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $1.3B
- Reported positions
- 167
- Top holdings a year, 3 yrs
- +17.2%
- Average holding period
- 1 qtrs
Capricorn Fund Managers Ltd is a hedge fund that reported 167 positions worth $1.3B in its Q2 2026 13F, filed 2026-07-24. Its largest holdings were Lpl Finl Hldgs Inc (LPLA, 4.4%), Kkr & Co Inc (KKR, 3.4%), Bp PLC (BP, 2.9%). A portfolio copying its top holdings returned 17.2% a year over the last 3 years, against 20.4% for the S&P 500.
Capricorn Fund Managers Ltd holdings largest 50 of 167 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
What Capricorn Fund Managers Ltd bought and sold in Q2 2026, against Q1 2026.
New positions
Q1 2026's filing was too long to tell new positions apart.
Added to
- CVNA Carvana Co+400.0% shares
- BTI British Amern Tob PLC+196.1% shares
- KKR Kkr & Co Inc+117.0% shares
- TROW Price T Rowe Group Inc+86.0% shares
- BLND Blend Labs, Inc.+74.1% shares
- AS Amer Sports Inc+62.2% shares
- SN Sharkninja Inc+37.5% shares
- SKIN Skinhealth Systems Inc+14.8% shares
Reduced
- NVST Envista Holdings Corporation-57.2% shares
- ZYME Zymeworks Inc-51.7% shares
- AXGN Axogen Inc-32.4% shares
- LQDA Liquidia Corporation-26.4% shares
- KFS Kingsway Corp-21.0% shares
- BAC Bank of Amer Corp-14.8% shares
Left the top 50
- ADPT Adaptive Biotechnologies Corpwas 2.8%
- NSC Norfolk Southn Corporationwas 2.7%
- PRI Primerica Incwas 2.7%
- EA Electronic Arts Incwas 2.4%
- PAHC Phibro Animal Health Corpwas 2.3%
- ELVN Enliven Therapeutics Incwas 2.3%
- GTLS Chart Inds Incwas 1.8%
- TXNM Txnm Energy Incwas 1.4%
Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.
How the holdings did against the S&P 500.
- 1 year
- +15.8% /yr
- S&P 500 +20.1%
- 3 years
- +17.2% /yr
- S&P 500 +20.4%
- 5 years
- +8.8% /yr
- S&P 500 +13.0%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 167 |
| Q1 2026 | $641.4M | 114 |
| Q4 2025 | $414.9M | 82 |
| Q3 2025 | $297.8M | 59 |
| Q2 2025 | $211.6M | 54 |
| Q1 2025 | $187.1M | 49 |
| Q4 2024 | $224.7M | 65 |
| Q3 2024 | $148.5M | 53 |
| Q2 2024 | $141.8M | 55 |
| Q1 2024 | $166.1M | 56 |
| Q4 2023 | $181.8M | 55 |
| Q3 2023 | $288.2M | 82 |
Questions about Capricorn Fund Managers Ltd's portfolio
What stocks does Capricorn Fund Managers Ltd own?
Capricorn Fund Managers Ltd's latest 13F, for Q2 2026 and filed Jul 24, 2026, lists 167 positions worth $1.3B. The largest are Lpl Finl Hldgs Inc (LPLA) at 4.4%, Kkr & Co Inc (KKR) at 3.4%, Bp PLC (BP) at 2.9%, Shell PLC (SHEL) at 2.8% and Applovin Corp (APP) at 2.5%.
What did Capricorn Fund Managers Ltd buy last quarter?
In Q2 2026, Capricorn Fund Managers Ltd added Carvana Co (CVNA) (+400.0% shares), British Amern Tob PLC (BTI) (+196.1% shares) and Kkr & Co Inc (KKR) (+117.0% shares), compared with its Q1 2026 filing.
What did Capricorn Fund Managers Ltd sell last quarter?
In Q2 2026, Capricorn Fund Managers Ltd cut from its top 50 Adaptive Biotechnologies Corp (ADPT), cut from its top 50 Norfolk Southn Corporation (NSC), cut from its top 50 Primerica Inc (PRI), cut from its top 50 Electronic Arts Inc (EA), cut from its top 50 Phibro Animal Health Corp (PAHC), Envista Holdings Corporation (NVST) (-57.2% shares), Zymeworks Inc (ZYME) (-51.7% shares) and Axogen Inc (AXGN) (-32.4% shares), compared with its Q1 2026 filing.
How has Capricorn Fund Managers Ltd's portfolio performed?
A portfolio copying Capricorn Fund Managers Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +17.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.8% against +20.1%. Over 5 years: +8.8% a year against +13.0%.
When is Capricorn Fund Managers Ltd's next 13F filing due?
13F filings are due 45 days after each quarter ends. Capricorn Fund Managers Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.