SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Capricorn Fund Managers Ltd

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

Reported Value
$166M
Q1 2024
Positions
56
Filings on Record
18
2019–present window
Filed
Apr 12, 2024
original filing

Summary

Capricorn Fund Managers Ltd reported $166M in U.S.-listed holdings across 56 positions for Q1 2024.

Its largest position, KSPI, represents 10.6% of the portfolio.

Compared with Q4 2023, the fund opened 15 new positions and exited 14.

Portfolio Metrics

Turnover
+38.7%
vs prior filed quarter
Top-10 Concentration
+50.1%
share of reported value
Largest Position
+10.6%
Jsc Kaspi Global Spon Ads Rep Ord
New / Exited
15 / 14
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: 67.3%ADR: 12.5%ETP: 9.4%Other: 7.3%MLP: 3.4%
  • Common Stock · 67.3% · $112M
  • ADR · 12.5% · $21M
  • ETP · 9.4% · $16M
  • Other · 7.3% · $12M
  • MLP · 3.4% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KSPIJSC KASPI GLOBAL SPON ADS REP ORDNEW+136.6K136.6K+$18M$18M
VTVVanguard Value ETFNEW+73.6K73.6K+$12M$12M
PGProcter & Gamble CompanyNEW+17.1K17.1K+$3M$3M
FCXFreeport-McMoranNEW+55.6K55.6K+$3M$3M
SPDR S&P 600 SMALL CAP VALUE ETFNEW+27.8K27.8K+$2M$2M
DISWalt Disney Company (The)NEW+11.0K11.0K+$1M$1M
NVONovo-Nordisk A/SNEW+10.5K10.5K+$1M$1M
HLTHilton Worldwide HoldingsNEW+6.2K6.2K+$1M$1M

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

Holdings — Q1 2024

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1KSPIJSC KASPI GLOBAL SPON ADS REP ORDhistory →SPONSORED ADS10.58%$18M136.6K
2VTVVanguard Value ETFhistory →VALUE ETF7.22%$12M73.6K
3BRK/BBerkshire HathawayCL B NEW · CL A6.60%$11M18.5K
4NEENextera Energy Inchistory →COM6.24%$10M162.3K
5GOOGLAlphabet Inc - Class Ahistory →CAP STK CL A4.08%$7M44.9K
6METAMeta Platformshistory →CL A3.91%$6M13.4K
7PFEPfizerhistory →COM3.46%$6M206.8K
8EPDEnterprise Products Partners LPhistory →COM3.45%$6M196.3K
9JNJJohnson & Johnsonhistory →COM3.29%$5M34.5K
10BACBank of America Corphistory →COM3.20%$5M140.2K
11PYPLPayPal Holdingshistory →COM2.95%$5M73.2K
12Linde plcSHS2.83%$5M10.1K
13ABBVABBVIEhistory →COM2.79%$5M25.4K
14AMZNAmazon.comhistory →COM2.57%$4M23.6K
15CHVChevron Corphistory →COM2.20%$4M23.2K
16CNH Industrial NVSHS2.20%$4M281.7K
17CHWYChewyhistory →CL A2.06%$3M214.8K
18UNHUnitedhealth Grouphistory →COM1.93%$3M6.5K
19VVISAhistory →COM CL A1.87%$3M11.1K
20NEMNewmont Corphistory →COM1.85%$3M85.6K
21PGProcter & Gamble Companyhistory →COM1.67%$3M17.1K
22FCXFreeport-McMoranhistory →CL B1.58%$3M55.6K
23EWBCEast West Bancorphistory →COM1.55%$3M32.5K
24REALRealReal (The)history →COM1.53%$3M650.0K
25SPDR S&P 600 SMALL CAP VALUE ETFS&P 600 SMCP VAL1.39%$2M27.8K
26UNPUnion Pacific Corphistory →COM1.17%$2M7.9K
27IRSIRSA Inversiones y Representaciones SAhistory →GLOBL DEP RCPT1.12%$2M199.2K
28CTVACortevahistory →COM1.03%$2M29.8K
29BTUPeabody Energy CorpCOM0.89%$1M61.0K
30PAGAYA TECH CL A ORDCL A SHS0.88%$1M144.7K
31DISWalt Disney Company (The)COM0.81%$1M11.0K
32NVONovo-Nordisk A/SADR0.81%$1M10.5K
33HLTHilton Worldwide HoldingsCOM0.79%$1M6.2K
34General Electric CompanyCOM NEW0.78%$1M7.4K
35CPCanadian Pacific RailwayCOM0.78%$1M14.7K
36MSFTMicrosoft CorpCOM0.76%$1M3.0K
37JPXAeroVironmentCOM0.73%$1M8.0K
38BKNGBooking HoldingsCOM0.63%$1M290
39TDWTidewaterCOM0.61%$1M11.0K
40KOSKosmos Energy LtdCOM0.56%$935,720157.0K
41VanEck Gold Miners ETFGOLD MINERS ETF0.55%$916,98029.0K
42PUMPProPetro Holding CorpCOM0.55%$912,208112.9K
43NFLXNetflixCOM0.48%$789,5291.3K
44Noble CorpORD SHS A0.47%$775,84016.0K
45TECK/BTeck Resources LimitedCL B0.41%$686,70015.0K
46TMUST-Mobile USCOM0.37%$620,2363.8K
47ARDMORE SHIPPING CorpCOM0.30%$492,60030.0K
48Global X Uranium ETFGLOBAL X URANIUM0.28%$469,92916.3K
49METCBRAMACO RESOURCES CL B ORDCOM CL B0.23%$390,04131.1K

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 ↗.