SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Capricorn Fund Managers Ltd

CIK 0001901361 · 2ND FLOOR, MALTA HOUSE, 36-38 PICCADILLY, LONDON, X0, W1J 0DP · 00442073174422

Reported Value
$182M
Q4 2023
Positions
55
Filings on Record
18
2019–present window
Filed
Jan 10, 2024
original filing

Summary

Capricorn Fund Managers Ltd reported $182M in U.S.-listed holdings across 55 positions for Q4 2023.

Its largest position, Ishares 0 3 Month Treasury, represents 15.9% of the portfolio.

Compared with Q3 2023, the fund opened 14 new positions and exited 41.

Portfolio Metrics

Turnover
+25.7%
vs prior filed quarter
Top-10 Concentration
+48.9%
share of reported value
Largest Position
+15.9%
Ishares 0 3 Month Treasury
New / Exited
14 / 41
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’21: $355MQ4 ’21Q1 ’22: $410MQ2 ’22: $551MQ2 ’22Q3 ’22: $318MQ2 ’23: $279MQ2 ’23Q3 ’23: $288MQ4 ’23: $182MQ4 ’23Q1 ’24: $166MQ2 ’24: $142MQ2 ’24Q3 ’24: $148MQ4 ’24: $225MQ4 ’24Q1 ’25: $187MQ2 ’25: $212MQ2 ’25Q3 ’25: $298MQ4 ’25: $415MQ4 ’25Q1 ’26: $641Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 62.8%ETP: 15.9%Other: 11.4%ADR: 5.2%MLP: 2.8%Other: 1.8%
  • Common Stock · 62.8% · $114M
  • ETP · 15.9% · $29M
  • Other · 11.4% · $21M
  • ADR · 5.2% · $9M
  • MLP · 2.8% · $5M
  • Other · 1.8% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Nu Holdings LtdNEW+985.5K985.5K+$8M$8M
PFEPfizerNEW+140.3K140.3K+$4M$4M
ABBVABBVIENEW+25.4K25.4K+$4M$4M
EDGGold Fields LtdNEW+269.5K269.5K+$4M$4M
UNPUnion Pacific CorpNEW+7.9K7.9K+$2M$2M
NEMNewmont CorpNEW+36.3K36.3K+$2M$2M
JPXAeroVironmentNEW+8.0K8.0K+$1M$1M
Nabors Industries LtdNEW+8.0K8.0K+$653,040$653,040

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

48 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1iShares 0-3 Month Treasury0-3 MNTH TREASRY15.94%$29M289.1K
2NVDANVIDIA Corphistory →COM5.67%$10M20.8K
3BRK/BBerkshire Hathawayhistory →CL B NEW · CL A5.12%$9M18.5K
4Nu Holdings LtdORD SHS CL A4.52%$8M985.5K
5PYPLPayPal Holdingshistory →COM3.66%$7M108.4K
6GOOGAlphabet Inc - Class Chistory →CAP STK CL C · CAP STK CL A3.60%$7M46.6K
7NEENextera Energy Inchistory →COM3.52%$6M105.2K
8AVGOBroadcomhistory →COM3.44%$6M5.6K
9JNJJohnson & Johnsonhistory →COM2.98%$5M34.5K
10EPDEnterprise Products Partners LPhistory →COM2.85%$5M196.3K
11METAMeta Platformshistory →CL A2.70%$5M13.9K
12AMZNAmazon.comhistory →COM2.67%$5M31.9K
13BACBank of America Corphistory →COM2.60%$5M140.2K
14Linde plcSHS2.28%$4M10.1K
15EWBCEast West Bancorphistory →COM2.26%$4M57.1K
16PFEPfizerhistory →COM2.22%$4M140.3K
17CHWYChewyhistory →CL A2.19%$4M168.8K
18ABBVABBVIEhistory →COM2.17%$4M25.4K
19EDGGold Fields Ltdhistory →SPONSORED ADR2.14%$4M269.5K
20SESea Limitedhistory →SPONSORD ADS2.14%$4M96.2K
21CHVChevron Corphistory →COM1.90%$3M23.2K
22CNH Industrial NVSHS1.89%$3M281.7K
23UNHUnitedhealth Grouphistory →COM1.88%$3M6.5K
24AMTAmerican Tower Corphistory →COM1.79%$3M15.1K
25ELEstee Lauder Companies (The)history →CL A1.47%$3M18.3K
26SGMLSIGMA LITHIUM ORDhistory →COM1.45%$3M83.8K
27VVISAhistory →COM CL A1.34%$2M9.4K
28PAGAYA TECH CL A ORDCL A SHS1.32%$2M1.74M
29REALRealReal (The)history →COM1.27%$2M1.15M
30UNPUnion Pacific Corphistory →COM1.07%$2M7.9K
31CVSCVS HEALTH CorpCOM0.94%$2M21.6K
32IRSIRSA Inversiones y Representaciones SAGLOBL DEP RCPT0.90%$2M189.2K
33NEMNewmont CorpCOM0.83%$2M36.3K
34BTUPeabody Energy CorpCOM0.82%$1M61.0K
35CTVACortevaCOM0.79%$1M29.8K
36TDWTidewaterCOM0.67%$1M17.0K
37MSFTMicrosoft CorpCOM0.66%$1M3.2K
38KOSKosmos Energy LtdCOM0.58%$1M157.0K
39JPXAeroVironmentCOM0.55%$1M8.0K
40Noble CorpORD SHS A0.42%$770,56016.0K
41Nabors Industries LtdCL A COM0.36%$653,0408.0K
42TECK/BTeck Resources LimitedCL B0.35%$634,05015.0K
43CNRCanadian National RailwayCOM0.33%$598,2504.8K
44CPCanadian Pacific RailwayCOM0.33%$597,8527.6K
45ARDMORE SHIPPING CorpCOM0.23%$422,70030.0K
46METCBRAMACO RESOURCES CL B ORDCOM CL B0.23%$413,66131.1K
47PLTRPalantir TechnologiesCL A0.22%$392,16322.8K
48METCRamaco ResourcesCOM CL A0.19%$345,23220.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$641M114Apr 24, 202613F-HRchanges · EDGAR ↗
Q4 2025$415M83Jan 21, 202613F-HRchanges · EDGAR ↗
Q3 2025$298M59Oct 17, 202513F-HRchanges · EDGAR ↗
Q2 2025$212M55Jul 22, 202513F-HRchanges · EDGAR ↗
Q1 2025$187M49May 8, 202513F-HRchanges · EDGAR ↗
Q4 2024$225M65Jan 17, 202513F-HRchanges · EDGAR ↗
Q3 2024$148M53Oct 11, 202413F-HRchanges · EDGAR ↗
Q2 2024$142M55Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$166M56Apr 12, 202413F-HRchanges · EDGAR ↗
Q4 2023$182M55Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$288M82Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$279M63Jul 12, 202313F-HRchanges · EDGAR ↗
Q1 2023under review104Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022under review83Jan 17, 202313F-HRchanges · EDGAR ↗
Q3 2022$318M85Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$551M102Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$410M90May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$355M74Feb 14, 202213F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.