Capricorn Fund Managers Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Capricorn Fund Managers Ltd reported 56 stock positions worth $166.1 million. Its top holding was JSC Kaspi.kz ADR (KSPI) at 10.6% of the portfolio, followed by Vanguard Mrngstr Val ETF-Aui (VTV, 7.2%) and Nextera Energy (NEE, 6.2%). Compared with Q4 2023, it opened 15 new positions, sold out of 14, added to 8 and reduced 9. The biggest buy was a new position in JSC Kaspi.kz ADR (KSPI) and the biggest sale an exit from iShares 0-3 Month Treasury B (SGOV).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001901361
- Portfolio Value
- $166.1M (Q1 2024)
- SEC Filing
- 0001901361-24-000003 ↗ filed Apr 12, 2024
Holdings Value
Holdings 56 stocks · $166.1M
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 10.58% | 136,630 | $17.6M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 7.22% | 73,605 | $12.0M | New |
| NEE Nextera Energy Inc. | 6.24% | 162,259 | $10.4M | Add +54.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.69% | 18,515 | $7.8M | No change |
| GOOGL Alphabet Inc. Class A | 4.08% | 44,883 | $6.8M | Add +131.6% |
| META Meta Platforms Inc. Class A | 3.91% | 13,380 | $6.5M | Reduce -3.5% |
| PFE Pfizer Inc. | 3.46% | 206,829 | $5.7M | Add +47.4% |
| EPD Enterprise Products Partners | 3.45% | 196,315 | $5.7M | No change |
| JNJ Johnson & Johnson | 3.29% | 34,511 | $5.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 3.20% | 140,193 | $5.3M | No change |
| PYPL PayPal Holdings Inc. | 2.95% | 73,218 | $4.9M | Reduce -32.5% |
| LIN Linde PLC | 2.83% | 10,121 | $4.7M | No change |
| ABBV Abbvie Inc. | 2.79% | 25,447 | $4.6M | No change |
| AMZN Amazon.com Inc. | 2.57% | 23,634 | $4.3M | Reduce -25.9% |
| CVX Chevron Corp. | 2.20% | 23,192 | $3.7M | No change |
| CNH CNH Industrial NV | 2.20% | 281,698 | $3.7M | No change |
| CHWY Chewy Inc. Class A | 2.06% | 214,830 | $3.4M | Add +27.2% |
| UNH Unitedhealth Group Inc. | 1.93% | 6,484 | $3.2M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 1.91% | 5 | $3.2M | No change |
| V Visa Inc. Class A | 1.87% | 11,132 | $3.1M | Add +19.0% |
| NEM Newmont Corp. | 1.85% | 85,603 | $3.1M | Add +135.9% |
| PG The Procter & Gamble Co. | 1.67% | 17,079 | $2.8M | New |
| FCX Freeport-McMoran Inc. | 1.58% | 55,643 | $2.6M | New |
| EWBC East West Bancorp Inc. | 1.55% | 32,534 | $2.6M | Reduce -43.0% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 1.53% | 650,000 | $2.5M | Reduce -43.5% |
| SLYV SS SPDR S&P 600 SC Val ETF | 1.39% | 27,760 | $2.3M | New |
| UNP Union Pacific Corp. | 1.17% | 7,923 | $1.9M | No change |
| IRS Irsa -SP ADR filed as IRSA INVERSIONES Y REP S A | 1.12% | 199,241 | $1.9M | Add +5.3% |
| CTVA Corteva Inc. | 1.03% | 29,800 | $1.7M | No change |
| BTU Peabody Energy Corp. | 0.89% | 61,000 | $1.5M | No change |
| PAGAYA TECHNOLOGIES LTD | 0.88% | 144,672 | $1.5M | Reduce -91.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.81% | 11,000 | $1.3M | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.81% | 10,470 | $1.3M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.79% | 6,170 | $1.3M | New |
| GE General Electric | 0.78% | 7,400 | $1.3M | New |
| CP Canadian Pacific Kansas City | 0.78% | 14,700 | $1.3M | Add +94.4% |
| MSFT Microsoft Corp. | 0.76% | 2,986 | $1.3M | Reduce -6.6% |
| AVAV Aerovironment Inc. | 0.73% | 7,959 | $1.2M | No change |
| BKNG Booking Holdings Inc. | 0.63% | 290 | $1.1M | New |
| TDW Tidewater Inc. | 0.61% | 11,000 | $1.0M | Reduce -35.3% |
| KOS Kosmos Energy Ltd. | 0.56% | 157,000 | $936K | No change |
| GDX Vaneck Gold Miners ETF | 0.55% | 29,000 | $917K | New |
| PUMP Propetro Holding Corp. | 0.55% | 112,897 | $912K | New |
| NFLX Netflix Inc. | 0.48% | 1,300 | $790K | New |
| NE Noble Corp. PLC | 0.47% | 16,000 | $776K | No change |
| TECK Teck Resources Ltd.-CLS B | 0.41% | 15,000 | $687K | No change |
| TMUS T-Mobile US Inc. | 0.37% | 3,800 | $620K | New |
| ASC Ardmore Shipping Corp. | 0.30% | 30,000 | $493K | No change |
| URA Global X Uranium ETF | 0.28% | 16,300 | $470K | New |
| METCB Ramaco Resources Inc. Class B | 0.23% | 31,079 | $390K | No change |
| STNG Scorpio Tankers Inc. | 0.22% | 5,000 | $358K | No change |
| METC Ramaco Resources Inc. Class A | 0.20% | 20,095 | $338K | No change |
| TALO Talos Energy Inc. | 0.17% | 20,000 | $279K | No change |
| INSW International Seaways Inc. | 0.16% | 5,000 | $266K | No change |
| NETC Nabors Energy Transition - A | 0.14% | 2,618 | $225K | Reduce -67.3% |
| XPRO Expro Group Holdings NV | 0.12% | 10,000 | $200K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| SGOV iShares 0-3 Month Treasury B | Sold out | 0.00% | −15.94 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −5.67 |
| NU Nu Holdings Ltd./Cayman Isl-A | Sold out | 0.00% | −4.52 |
| AVGO Broadcom Inc. | Sold out | 0.00% | −3.44 |
| GFI Gold Fields Ltd.-Spons ADR | Sold out | 0.00% | −2.14 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −2.14 |
| GOOG Alphabet Inc. Class C | Sold out | 0.00% | −2.11 |
| AMT American Tower Corp. | Sold out | 0.00% | −1.79 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −1.47 |
| SGML Sigma Lithium Corp. | Sold out | 0.00% | −1.45 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.94 |
| EWBC East West Bancorp Inc. | Reduce -43.0% | 1.55% | −0.71 |
| PYPL PayPal Holdings Inc. | Reduce -32.5% | 2.95% | −0.71 |
| PAGAYA TECHNOLOGIES LTD | Reduce -91.7% | 0.88% | −0.44 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −0.33 |
| NETC Nabors Energy Transition - A | Reduce -67.3% | 0.14% | −0.22 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.22 |
| AMZN Amazon.com Inc. | Reduce -25.9% | 2.57% | −0.10 |
| TDW Tidewater Inc. | Reduce -35.3% | 0.61% | −0.07 |
| ICL Icl Group Ltd. | Sold out | 0.00% | −0.04 |
| MSFT Microsoft Corp. | Reduce -6.6% | 0.76% | +0.10 |
| REAL The Realreal Inc. | Reduce -43.5% | 1.53% | +0.26 |
| META Meta Platforms Inc. Class A | Reduce -3.5% | 3.91% | +1.21 |
Portfolio Buys Q4 2023 → Q1 2024
| KSPI JSC Kaspi.kz ADR | New | 10.58% | +10.58 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 7.22% | +7.22 |
| NEE Nextera Energy Inc. | Add +54.2% | 6.24% | +2.73 |
| GOOGL Alphabet Inc. Class A | Add +131.6% | 4.08% | +2.59 |
| PG The Procter & Gamble Co. | New | 1.67% | +1.67 |
| FCX Freeport-McMoran Inc. | New | 1.58% | +1.58 |
| SLYV SS SPDR S&P 600 SC Val ETF | New | 1.39% | +1.39 |
| PFE Pfizer Inc. | Add +47.4% | 3.46% | +1.23 |
| NEM Newmont Corp. | Add +135.9% | 1.85% | +1.02 |
| DIS The Walt Disney Co. | New | 0.81% | +0.81 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.81% | +0.81 |
| HLT Hilton Worldwide Holdings Inc. | New | 0.79% | +0.79 |
| GE General Electric | New | 0.78% | +0.78 |
| BKNG Booking Holdings Inc. | New | 0.63% | +0.63 |
| GDX Vaneck Gold Miners ETF | New | 0.55% | +0.55 |
| PUMP Propetro Holding Corp. | New | 0.55% | +0.55 |
| V Visa Inc. Class A | Add +19.0% | 1.87% | +0.53 |
| NFLX Netflix Inc. | New | 0.48% | +0.48 |
| CP Canadian Pacific Kansas City | Add +94.4% | 0.78% | +0.45 |
| TMUS T-Mobile US Inc. | New | 0.37% | +0.37 |
| URA Global X Uranium ETF | New | 0.28% | +0.28 |
| IRS Irsa -SP ADR | Add +5.3% | 1.12% | +0.23 |
| CHWY Chewy Inc. Class A | Add +27.2% | 2.06% | −0.14 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 167 | $1.3B | LPLA, KKR, BP, SHEL, APP |
| Q1 2026 | 114 | $641.4M | CVNA, BAC, ZYME, AXGN, KKR |
| Q4 2025 | 82 | $414.9M | ZYME, WAY, GPCR, NUVB, MSFT |
| Q3 2025 | 59 | $297.8M | WAY, TARS, MSFT, VERA, REAL |
| Q2 2025 | 54 | $211.6M | SN, MSFT, AMZN, GOOGL, RL |
| Q1 2025 | 49 | $187.1M | JNJ, GOOGL, SN, SKX, MSFT |
| Q4 2024 | 65 | $224.7M | KSPI, GOOGL, JNJ, REAL, BRK.B |
| Q3 2024 | 53 | $146.9M | KSPI, JNJ, GOOGL, BRK.B, META |
| Q2 2024 | 55 | $141.8M | KSPI, META, JNJ, BRK.B, PFE |
| Q1 2024 | 56 | $166.1M | KSPI, VTV, NEE, BRK.B, GOOGL |