Institutional Manager · CIK 0001901361
Capricorn Fund Managers Ltd
LONDON, X0 · File #028-21977
Latest AUM
$414.9M
Positions
83
Top-10 Concentration
39.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| NEW | Zymeworks | ZYME | +1,022,840 | +$26.9M | $0 |
| REDUCE | Tarsus Pharmaceuticals | TARS | -218,038 | -$17.9M | +$5.4M |
| NEW | STRUCTURE THERAPEUTICS INC | GPCR | +252,600 | +$17.6M | $0 |
| NEW | Nuvation Bio | NUVB | +1,588,854 | +$14.2M | $0 |
| REDUCE | WAYSTAR HOLDING ORD | WAY | -405,122 | -$13.3M | -$2.6M |
| EXITED | VERA THERAPEUTICS CL A ORD | 92337R101 | -450,700 | -$13.1M | $0 |
| REDUCE | RealReal (The) | 88339P101 | -796,593 | -$12.6M | +$6.1M |
| EXITED | Phreesia | 71944F106 | -484,500 | -$11.4M | $0 |
| EXITED | Ionis Pharmaceuticals | 462222100 | -162,800 | -$10.7M | $0 |
| EXITED | Summit Therapeutics | 86627T108 | -496,266 | -$10.3M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202583 pos · $414.9M
- 13F HOLDINGS REPORTQ/E Sep 202559 pos · $297.8M
- 13F HOLDINGS REPORTQ/E Jun 202555 pos · $211.6M
- 13F HOLDINGS REPORTQ/E Mar 202549 pos · $187.1M
- 13F HOLDINGS REPORTQ/E Dec 202465 pos · $224.7M
- 13F HOLDINGS REPORTQ/E Sep 202453 pos · $148.5M
- 13F HOLDINGS REPORTQ/E Jun 202455 pos · $141.8M
- 13F HOLDINGS REPORTQ/E Mar 202456 pos · $166.1M
- 13F HOLDINGS REPORTQ/E Dec 202382 pos · $288.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Zymeworks | ZYME | 1,022,840 | $26.9M | 7.29% |
| 2 | WAYSTAR HOLDING ORD | WAY | 638,263 | $20.9M | 5.66% |
| 3 | STRUCTURE THERAPEUTICS INC | GPCR | 252,600 | $17.6M | 4.75% |
| 4 | Nuvation Bio | NUVB | 1,588,854 | $14.2M | 3.85% |
| 5 | Microsoft Corp | MSFT | 28,733 | $13.9M | 3.76% |
| 6 | Guardant Health | GH | 107,787 | $11.0M | 2.98% |
| 7 | Amazon.com | AMZN | 47,650 | $11.0M | 2.98% |
| 8 | Karooooo Ltd | KARO | 238,078 | $10.8M | 2.93% |
| 9 | Exact Sciences Corp | 30063P105 | 96,685 | $9.8M | 2.66% |
| 10 | Alphabet Inc - Class A | GOOG | 31,066 | $9.7M | 2.63% |
| 11 | Roivant Sciences Ltd | ROIV | 445,500 | $9.7M | 2.62% |
| 12 | BioLife Solutions | BLFS | 378,550 | $9.2M | 2.48% |
| 13 | ASTERA LABS ORD | ALAB | 50,000 | $8.3M | 2.25% |
| 14 | VISA | V | 22,644 | $7.9M | 2.15% |
| 15 | Sotera Health Company | SHC | 449,900 | $7.9M | 2.15% |
| 16 | Electronic Arts | EA | 38,549 | $7.9M | 2.13% |
| 17 | Norfolk Southern Corp | 655844108 | 25,000 | $7.2M | 1.95% |
| 18 | ONESTREAM INC | OS | 380,000 | $7.0M | 1.89% |
| 19 | Terex Corp | TEX | 130,000 | $6.9M | 1.88% |
| 20 | HealthEquity | HQY | 75,602 | $6.9M | 1.87% |