Capricorn Investment Group LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Capricorn Investment Group LLC reported 7 stock positions worth $826.0 million. Its top holding was Joby Aviation (JOBY) at 45.5% of the portfolio, followed by Planet Labs PBC (PL, 17.0%) and Quantumscape (QS, 14.5%). Compared with Q3 2025, it opened 2 new positions and reduced 3. The biggest buy was a new position in Blue Owl Technology Finance (OTF) and the biggest sale Joby Aviation (JOBY, shares −6%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001536261
- Portfolio Value
- $826.0M (Q4 2025)
- SEC Filing
- 0001104659-26-016033 ↗ filed Feb 17, 2026
Holdings Value
Holdings 7 stocks · $826.0M
| JOBY Joby Aviation Inc. | 45.50% | 28,470,647 | $375.8M | Reduce -6.0% |
| PL Planet Labs PBC | 17.05% | 7,141,130 | $140.8M | No change |
| QS Quantumscape Corp. | 14.50% | 11,496,990 | $119.8M | Reduce -22.3% |
| OTF Blue Owl Technology Finance | 9.55% | 5,440,791 | $78.9M | New |
| NVTS Navitas Semiconductor Corp. | 6.91% | 7,992,697 | $57.1M | Reduce -12.9% |
| HTFL Heartflow Inc. | 5.83% | 1,661,601 | $48.2M | New |
| Ecofin US Renewables Infrastructure PLC | 0.65% | 22,500,000 | $5.4M | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $22.5B | SPCX, FRVO, JOBY, XNDU, PL |
| Q1 2026 | 7 | $601.5M | JOBY, PL, QS, NVTS, OTF |
| Q4 2025 | 7 | $826.0M | JOBY, PL, QS, OTF, NVTS |
| Q3 2025 | 5 | $840.4M | JOBY, QS, PL, NVTS, Ecofin US Renewables Infrastructure PLC |
| Q2 2025 | 5 | $610.1M | JOBY, QS, NVTS, PL, Ecofin US Renewables Infrastructure PLC |
| Q1 2025 | 7 | $462.9M | JOBY, QS, TSLA, PL, NVTS |
| Q4 2024 | 7 | $532.6M | JOBY, QS, TSLA, NVTS, PL |
| Q3 2024 | 8 | $406.4M | JOBY, QS, TSLA, SEDA, NVTS |
| Q2 2024 | 8 | $391.3M | JOBY, QS, TSLA, NVTS, SEDA |
| Q1 2024 | 8 | $429.7M | JOBY, QS, NVTS, TSLA, SEDA |