Capricorn Fund Managers
LONDON, X0files as Capricorn Fund Managers Ltd
$1.3bn in 167 US stocks at the end of 30 June 2026. The top 10 are 27.4% of the money. It changed about 59.8% of the portfolio this quarter.
Value
$1.3bn
Stocks
167
Top 10 share
27.4%
Turnover
59.8%
What changed this quarter
New
Bought for the first time this quarter.
- LPL Financial HoldingsLPLA4.4% of the fund
- BPBP2.9% of the fund
- ShellSHEL2.8% of the fund
- AppLovinAPP2.5% of the fund
- Boost RunBRUN2.3% of the fund
- ING Groep NVING2.3% of the fund
- Brookdale Senior LivingBKD2.0% of the fund
- Affiliated Managers GroupAMG1.9% of the fund
- GSKGSK1.8% of the fund
- NRG EnergyNRG1.8% of the fund
- Taiwan Semiconductor ManufacturingTSM1.7% of the fund
- RedditRDDT1.7% of the fund
- Travere TherapeuticsTVTX1.5% of the fund
- BroadcomAVGO1.4% of the fund
- Factset Research SystemsFDS1.4% of the fund
- Rio TintoRIO1.2% of the fund
- SeaSE1.1% of the fund
- Roper TechnologiesROP1.1% of the fund
- VistraVST1.0% of the fund
- Liftoff MobileLFTO1.0% of the fund
- Mirum PharmaceuticalsMIRM0.9% of the fund
- WPP PLC NewWPP0.8% of the fund
- Natwest GroupNWG0.8% of the fund
- Capital One FinancialCOF0.8% of the fund
- SyscoSYY0.8% of the fund
Added
Bought more of a stock they already held.
- KKRKKR3.4% of the fund+117%
- British American Tobacco p.l.c.BTI2.1% of the fund+196%
- Blend LabsBLND1.5% of the fund+74%
- Price T Rowe GroupTROW1.4% of the fund+86%
- KaroooooKARO1.3% of the fund+15%
- SkinHealth SystemsSKIN1.2% of the fund+15%
- SharkNinjaSN1.1% of the fund+38%
- Amer SportsAS0.8% of the fund+62%
- Five BelowFIVE0.6% of the fund+240%
- Flutter EntertainmentFLUT0.6% of the fund+94%
- On Holding AGONON0.6% of the fund+43%
- VisaV0.6% of the fund+5%
- StandardAeroSARO0.6% of the fund+76%
- TheRealRealREAL0.5% of the fund+6%
- Brinker InternationalEAT0.5% of the fund+18%
- TapestryTPR0.5% of the fund+75%
- Loar HoldingsLOAR0.5% of the fund+59%
- Deckers OutdoorDECK0.4% of the fund+35%
- Kodiak Gas ServicesKGS0.4% of the fund+53%
- DiageoDEO0.3% of the fund+260%
- Levi StraussLEVI0.3% of the fund+2%
- Burlington StoresBURL0.3% of the fund+30%
- Coca-ColaKO0.3% of the fund+67%
- EcolabECL0.3% of the fund+85%
- TargetTGT0.3% of the fund+81%
Cut
Sold some of their stake.
- Bank of AmericaBAC2.1% of the fund-15%
- AxogenAXGN1.7% of the fund-32%
- KingswayKWY1.2% of the fund-21%
- LiquidiaLQDA1.2% of the fund-26%
- ZymeworksZYME1.0% of the fund-52%
- Envista HoldingsNVST0.7% of the fund-57%
- Luxexperience BVLUXE0.5% of the fund-11%
- BrightSpring Health ServicesBTSG0.4% of the fund-26%
- PepsiCoPEP0.4% of the fund-37%
- Agilent TechnologiesA0.3% of the fund-57%
- Ralph LaurenRL0.3% of the fund-26%
- Ross StoresROST0.3% of the fund-20%
- Apollo Global ManagementAPO0.3% of the fund-40%
- Robinhood MarketsHOOD0.3% of the fund-73%
- TerexTEX0.2% of the fund-7%
- Astera LabsALAB0.1% of the fund-41%
- BETA TechnologiesBETA0.1% of the fund-7%
- Vita Coco CompanyCOCO<0.1% of the fund-84%
- Waystar HoldingWAY<0.1% of the fund-26%
- Axalta Coating SystemsAXTA<0.1% of the fund-63%
- PfizerPFE<0.1% of the fund-87%
- Adaptive BiotechnologiesADPT<0.1% of the fund-98%
- Restaurant Brands InternationalQSR<0.1% of the fund-92%
- Ethos TechnologiesLIFE<0.1% of the fund-15%
- Rocket CompaniesRKT<0.1% of the fund-7%
Sold out
Sold their entire stake.
- Norfolk SouthernNSC-100%
- PrimericaPRI-100%
- Electronic ArtsEA-100%
- Phibro Animal HealthPAHC-100%
- Enliven TherapeuticsELVN-100%
- Chart Inds-100%
- Txnm EnergyTXNM-100%
- Align TechnologyALGN-100%
- Amicus Therapeutics-100%
- Hologic-100%
- Masimo-100%
- Warner Bros. DiscoveryWBD-100%
- Renaissancere HoldingsRNR-100%
- Ishares TRHYG-100%
- Anteris Technologies GlobalAVR-100%
- Vera TherapeuticsVERA-100%
- Virtu FinancialVIRT-100%
- Constellation BrandsSTZ-100%
- 10x GenomicsTXG-100%
- NetflixNFLX-100%
- Biocryst PharmaceuticalsBCRX-100%
- PenumbraPEN-100%
- MedlineMDLN-100%
- Tarsus PharmaceuticalsTARS-100%
- Boston ScientificBSX-100%
Holdings
- ShellSHEL
- Share
- 2.8%
- Value
- $36m
- Shares
- 459,200
New
- Boost RunBRUN
- Share
- 2.3%
- Value
- $29m
- Shares
- 750,000
New
- GSKGSK
- Share
- 1.8%
- Value
- $22m
- Shares
- 426,416
New
- SeaSE
- Share
- 1.1%
- Value
- $14m
- Shares
- 150,000
New
- Liftoff MobileLFTO
- Share
- 1.0%
- Value
- $12m
- Shares
- 508,551
New
- WPP PLC NewWPP
- Share
- 0.8%
- Value
- $10m
- Shares
- 676,000
New
- Natwest GroupNWG
- Share
- 0.8%
- Value
- $10m
- Shares
- 587,290
New
- Applied Aerospace & DefenseAADX
- Share
- 0.6%
- Value
- $7m
- Shares
- 310,000
New
- Luxexperience BVLUXE
- Share
- 0.5%
- Value
- $7m
- Shares
- 910,372
-11%
- Vodafone GroupVOD
- Share
- 0.3%
- Value
- $4m
- Shares
- 299,000
New
- Cerebras SystemsCBRS
- Share
- 0.3%
- Value
- $3m
- Shares
- 15,682
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| LPL Financial HoldingsLPLA | 4.4% | $55m | 194,812 | New |
| KKRKKR | 3.4% | $42m | 460,100 | +117% |
| BPBP | 2.9% | $36m | 984,203 | New |
| ShellSHEL | 2.8% | $36m | 459,200 | New |
| AppLovinAPP | 2.5% | $32m | 61,276 | New |
| CarvanaCVNA | 2.5% | $31m | 475,000 | Held |
| Boost RunBRUN | 2.3% | $29m | 750,000 | New |
| ING Groep NVING | 2.3% | $28m | 900,000 | New |
| British American Tobacco p.l.c.BTI | 2.1% | $27m | 435,252 | +196% |
| Bank of AmericaBAC | 2.1% | $26m | 457,455 | -15% |
| Brookdale Senior LivingBKD | 2.0% | $25m | 1,570,000 | New |
| Affiliated Managers GroupAMG | 1.9% | $23m | 69,045 | New |
| GSKGSK | 1.8% | $22m | 426,416 | New |
| NRG EnergyNRG | 1.8% | $22m | 151,000 | New |
| AxogenAXGN | 1.7% | $21m | 464,863 | -32% |
| Taiwan Semiconductor ManufacturingTSM | 1.7% | $21m | 44,200 | New |
| RedditRDDT | 1.7% | $21m | 120,000 | New |
| Blend LabsBLND | 1.5% | $19m | 11,314,649 | +74% |
| Travere TherapeuticsTVTX | 1.5% | $18m | 321,721 | New |
| BroadcomAVGO | 1.4% | $18m | 47,500 | New |
| Price T Rowe GroupTROW | 1.4% | $18m | 155,300 | +86% |
| Factset Research SystemsFDS | 1.4% | $17m | 74,500 | New |
| KaroooooKARO | 1.3% | $16m | 319,346 | +15% |
| SkinHealth SystemsSKIN | 1.2% | $15m | 22,276,935 | +15% |
| Rio TintoRIO | 1.2% | $15m | 160,275 | New |
| KingswayKWY | 1.2% | $15m | 1,410,526 | -21% |
| LiquidiaLQDA | 1.2% | $15m | 182,205 | -26% |
| SeaSE | 1.1% | $14m | 150,000 | New |
| Roper TechnologiesROP | 1.1% | $14m | 42,000 | New |
| SharkNinjaSN | 1.1% | $13m | 88,000 | +38% |
| ZymeworksZYME | 1.0% | $13m | 486,529 | -52% |
| VistraVST | 1.0% | $13m | 80,000 | New |
| Liftoff MobileLFTO | 1.0% | $12m | 508,551 | New |
| MicrosoftMSFT | 1.0% | $12m | 32,343 | Held |
| Mirum PharmaceuticalsMIRM | 0.9% | $12m | 101,240 | New |
| Berkshire HathawayBRK-B | 0.9% | $11m | 22,468 | Held |
| AlphabetGOOGL | 0.9% | $11m | 31,067 | Held |
| Amazon.comAMZN | 0.9% | $11m | 44,648 | Held |
| WPP PLC NewWPP | 0.8% | $10m | 676,000 | New |
| Natwest GroupNWG | 0.8% | $10m | 587,290 | New |
| Joint Stock Co Kaspi.kzKSPI | 0.8% | $10m | 118,900 | Held |
| Amer SportsAS | 0.8% | $10m | 300,000 | +62% |
| Capital One FinancialCOF | 0.8% | $10m | 50,586 | New |
| MaxcyteMXCT | 0.8% | $10m | 8,200,000 | Held |
| SyscoSYY | 0.8% | $10m | 120,000 | New |
| Envista HoldingsNVST | 0.7% | $8m | 319,028 | -57% |
| FermiFRMI | 0.6% | $8m | 875,000 | New |
| Five BelowFIVE | 0.6% | $8m | 42,500 | +240% |
| Meta PlatformsMETA | 0.6% | $8m | 13,500 | Held |
| MoonLake ImmunotherapeuticsMLTX | 0.6% | $7m | 374,866 | New |
| Mettler Toledo InternationalMTD | 0.6% | $7m | 5,710 | New |
| Flutter EntertainmentFLUT | 0.6% | $7m | 70,000 | +94% |
| Charles River Laboratories InternationalCRL | 0.6% | $7m | 31,274 | New |
| On Holding AGONON | 0.6% | $7m | 200,000 | +43% |
| Applied Aerospace & DefenseAADX | 0.6% | $7m | 310,000 | New |
| SchrodingerSDGR | 0.6% | $7m | 434,321 | New |
| VisaV | 0.6% | $7m | 20,555 | +5% |
| CytokineticsCYTK | 0.6% | $7m | 81,879 | New |
| AbbVieABBV | 0.6% | $7m | 27,397 | Held |
| StandardAeroSARO | 0.6% | $7m | 230,491 | +76% |
| TheRealRealREAL | 0.5% | $7m | 581,571 | +6% |
| Charles SchwabSCHW | 0.5% | $7m | 73,700 | New |
| Luxexperience BVLUXE | 0.5% | $7m | 910,372 | -11% |
| Brinker InternationalEAT | 0.5% | $7m | 40,000 | +18% |
| West Pharmaceutical ServicesWST | 0.5% | $7m | 18,700 | New |
| Boot Barn HoldingsBOOT | 0.5% | $7m | 40,500 | New |
| TapestryTPR | 0.5% | $6m | 42,000 | +75% |
| Flagstar Bank, National AssociationFLG | 0.5% | $6m | 398,200 | New |
| Loar HoldingsLOAR | 0.5% | $6m | 71,999 | +59% |
| BrightSpring Health ServicesBTSG | 0.4% | $5m | 78,718 | -26% |
| Deckers OutdoorDECK | 0.4% | $5m | 54,000 | +35% |
| PTC TherapeuticsPTCT | 0.4% | $5m | 63,900 | New |
| Pinnacle Financial PartnersPNFP | 0.4% | $5m | 51,179 | New |
| BrukerBRKR | 0.4% | $5m | 85,100 | New |
| LazardLAZ | 0.4% | $5m | 121,900 | New |
| Healthpeak PropertiesDOC | 0.4% | $5m | 228,200 | New |
| Guardant HealthGH | 0.4% | $5m | 31,775 | New |
| Kodiak Gas ServicesKGS | 0.4% | $5m | 61,365 | +53% |
| MsciMSCI | 0.4% | $5m | 8,185 | New |
| PepsiCoPEP | 0.4% | $5m | 33,496 | -37% |
| DiageoDEO | 0.3% | $4m | 54,000 | +260% |
| Levi StraussLEVI | 0.3% | $4m | 168,700 | +2% |
| Burlington StoresBURL | 0.3% | $4m | 13,000 | +30% |
| Agilent TechnologiesA | 0.3% | $4m | 30,717 | -57% |
| Coca-ColaKO | 0.3% | $4m | 50,000 | +67% |
| Wells Fargo & CompanyWFC | 0.3% | $4m | 48,900 | New |
| Ralph LaurenRL | 0.3% | $4m | 9,882 | -26% |
| Vodafone GroupVOD | 0.3% | $4m | 299,000 | New |
| Gilead SciencesGILD | 0.3% | $4m | 31,200 | New |
| Ross StoresROST | 0.3% | $4m | 18,500 | -20% |
| EcolabECL | 0.3% | $4m | 13,488 | +85% |
| Brookfield Asset ManagementBAM | 0.3% | $4m | 82,400 | New |
| Apollo Global ManagementAPO | 0.3% | $4m | 30,751 | -40% |
| Cerebras SystemsCBRS | 0.3% | $3m | 15,682 | New |
| TargetTGT | 0.3% | $3m | 26,000 | +81% |
| Robinhood MarketsHOOD | 0.3% | $3m | 33,700 | -73% |
| EatonETN | 0.3% | $3m | 7,926 | New |
| LindeLIN | 0.3% | $3m | 6,338 | +6% |
| CRH PublicCRH | 0.3% | $3m | 30,000 | New |
| Ollie's Bargain Outlet HoldingsOLLI | 0.2% | $3m | 40,000 | New |
Showing the largest 100 of 167.
Options (11)
- NU Hldgs
- Type
- Call
- Value
- $4m
- Contracts
- 30,000
- Applovin
- Type
- Call
- Value
- $4m
- Contracts
- 500
- Fermi
- Type
- Call
- Value
- $3m
- Contracts
- 10,000
- NRG Energy
- Type
- Call
- Value
- $2m
- Contracts
- 1,500
- Amazon.com
- Type
- Call
- Value
- $2m
- Contracts
- 2,000
- Sea
- Type
- Call
- Value
- $937,500
- Contracts
- 1,500
- Microsoft
- Type
- Call
- Value
- $891,360
- Contracts
- 1,000
- Dicks Sporting Goods
- Type
- Call
- Value
- $685,000
- Contracts
- 1,000
- Select Sector Spdr TR
- Type
- Call
- Value
- $324,800
- Contracts
- 80,000
- State STR Spdr S&P 500 ETF T
- Type
- Put
- Value
- $200,500
- Contracts
- 1,000
- Shell
- Type
- Call
- Value
- $30,850
- Contracts
- 5,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| NU Hldgs | Call | $4m | 30,000 |
| Applovin | Call | $4m | 500 |
| Fermi | Call | $3m | 10,000 |
| NRG Energy | Call | $2m | 1,500 |
| Amazon.com | Call | $2m | 2,000 |
| Sea | Call | $937,500 | 1,500 |
| Microsoft | Call | $891,360 | 1,000 |
| Dicks Sporting Goods | Call | $685,000 | 1,000 |
| Select Sector Spdr TR | Call | $324,800 | 80,000 |
| State STR Spdr S&P 500 ETF T | Put | $200,500 | 1,000 |
| Shell | Call | $30,850 | 5,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 490.9% since 30 June 2025.
Where the money is
Financial services24.5%
Health care19.0%
Technology14.0%
Retail & consumer10.7%
Media & telecom5.7%
Everyday goods4.8%
Utilities3.1%
Energy3.0%
Industrials2.8%
Materials2.3%
Real estate1.3%
Other8.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.