13F HOLDINGS REPORT
Capricorn Fund Managers Ltd
Quarter ended Q3 2025 · Filed October 17, 2025 · Accession 0001901361-25-000009
Total Value
$297.8M
Positions
59
Other Managers
0
Confidential Omitted
No
Holdings (59)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | WAYSTAR HOLDING ORD | WAY | 505,122 | $19.2M | 6.43% |
| 2 | Tarsus Pharmaceuticals | TARS | 240,020 | $14.3M | 4.79% |
| 3 | Microsoft Corp | MSFT | 27,318 | $14.1M | 4.75% |
| 4 | VERA THERAPEUTICS CL A ORD | VERA | 450,700 | $13.1M | 4.40% |
| 5 | RealReal (The) | 88339P101 | 1,189,490 | $12.6M | 4.25% |
| 6 | Alphabet Inc - Class A | GOOG | 47,156 | $11.5M | 3.85% |
| 7 | Phreesia | PHR | 484,500 | $11.4M | 3.83% |
| 8 | Ionis Pharmaceuticals | IONS | 162,800 | $10.7M | 3.58% |
| 9 | Summit Therapeutics | SMMT | 496,266 | $10.3M | 3.44% |
| 10 | Phibro Animal Health Corp | PAHC | 252,928 | $10.2M | 3.44% |
| 11 | Karooooo Ltd | KARO | 170,756 | $9.8M | 3.27% |
| 12 | Amazon.com | AMZN | 44,419 | $9.8M | 3.27% |
| 13 | Meta Platforms | META | 13,057 | $9.6M | 3.22% |
| 14 | Akero Therapeutics | 00973Y108 | 149,200 | $7.1M | 2.38% |
| 15 | VISA | V | 20,149 | $6.9M | 2.31% |
| 16 | ABBVIE | ABBV | 29,535 | $6.8M | 2.30% |
| 17 | Johnson & Johnson | JNJ | 36,760 | $6.8M | 2.29% |
| 18 | Berkshire Hathaway | BRK-A | 12,940 | $6.5M | 2.18% |
| 19 | SHARKNINJA ORD | SN | 60,000 | $6.2M | 2.08% |
| 20 | LUXEXPERIENCE ADS REP ORD | 55406W103 | 672,962 | $5.7M | 1.92% |
| 21 | Doximity | DOCS | 76,738 | $5.6M | 1.88% |
| 22 | PepsiCo | PEP | 36,678 | $5.2M | 1.73% |
| 23 | Restaurant Brands International | 76131D103 | 70,868 | $4.5M | 1.53% |
| 24 | Union Pacific Corp | UNP | 18,179 | $4.3M | 1.44% |
| 25 | Linde plc | LIN | 8,830 | $4.2M | 1.41% |
| 26 | Occidental Petroleum Corp | 674599105 | 84,553 | $4.0M | 1.34% |
| 27 | British American Tobacco plc | 110448107 | 65,000 | $3.5M | 1.16% |
| 28 | Nike | NKE | 45,920 | $3.2M | 1.08% |
| 29 | Spotify Technology SA | SPOT | 4,537 | $3.2M | 1.06% |
| 30 | Ralph Lauren Corp | RL | 10,000 | $3.1M | 1.05% |
| 31 | AMER SPORTS ORD | AS | 90,000 | $3.1M | 1.05% |
| 32 | Ulta Beauty | ULTA | 5,500 | $3.0M | 1.01% |
| 33 | Roivant Sciences Ltd | ROIV | 198,500 | $3.0M | 1.01% |
| 34 | Chevron Corp | CVX | 18,985 | $2.9M | 0.99% |
| 35 | Tapestry | TPR | 26,000 | $2.9M | 0.99% |
| 36 | Vita Coco Company (The) | COCO | 65,515 | $2.8M | 0.93% |
| 37 | Roblox Corp | RBLX | 19,605 | $2.7M | 0.91% |
| 38 | TJX Companies | 872540109 | 18,000 | $2.6M | 0.87% |
| 39 | iShares iBoxx $ High Yield | 464288513 | 31,328 | $2.5M | 0.85% |
| 40 | Deckers Outdoor Corp | DECK | 25,000 | $2.5M | 0.85% |
| 41 | Five Below | FIVE | 16,000 | $2.5M | 0.83% |
| 42 | PayPal Holdings | PYPL | 36,067 | $2.4M | 0.81% |
| 43 | Guardant Health | GH | 36,200 | $2.3M | 0.76% |
| 44 | On Holding AG | H5919C104 | 50,000 | $2.1M | 0.71% |
| 45 | ISHARES BITCOIN ETF | IBIT | 27,490 | $1.8M | 0.60% |
| 46 | Apollo Global Management | 03769M106 | 13,307 | $1.8M | 0.60% |
| 47 | JSC KASPI GLOBAL SPON ADS REP ORD | 48581R205 | 17,000 | $1.4M | 0.47% |
| 48 | Uber Technologies | UBER | 13,521 | $1.3M | 0.44% |
| 49 | Charles Schwab Corp (The) | SCHW-PJ | 13,617 | $1.3M | 0.44% |
| 50 | iShares iBoxx $ Investment Grade | 464287242 | 11,402 | $1.3M | 0.43% |
| 51 | Burford Capital Limited | BUR | 100,000 | $1.2M | 0.40% |
| 52 | Levi Strauss & Co | LEVI | 50,000 | $1.2M | 0.39% |
| 53 | Bank of America Corp | 060505104 | 21,920 | $1.1M | 0.38% |
| 54 | Wyndham Hotels & Resorts | WH | 13,920 | $1.1M | 0.37% |
| 55 | Brookfield Corp | 11271J107 | 16,000 | $1.1M | 0.37% |
| 56 | ADT | ADT | 125,000 | $1.1M | 0.37% |
| 57 | Capri Holdings Limited | CPRI | 50,000 | $996,000 | 0.33% |
| 58 | Avidity Biosciences | 05370A108 | 10,800 | $470,556 | 0.16% |
| 59 | D MARKET ELECTRONIC SERVICES TRA ADR | 23292B104 | 29,185 | $78,508 | 0.03% |