Latest Capricorn Fund Managers Ltd Stock Portfolio

Capricorn Fund Managers Ltd Performance:

2025 Q4: 1.39%YTD: 4.77%2024: 12.81%

Performance for 2025 Q4 is 1.39%, and YTD is 4.77%, and 2024 is 12.81%.

About Capricorn Fund Managers Ltd and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Capricorn Fund Managers Ltd reported an equity portfolio of $414.9 Millions as of 31 Dec, 2025.

The top stock holdings of Capricorn Fund Managers Ltd are ZYME, , . The fund has invested 6.5% of it's portfolio in ZYMEWORKS and 5.8% of portfolio in WAYSTAR HOLDING ORD.

The fund managers got completely rid off VERA THERAPEUTICS CL A ORD (VERA), PHREESIA (PHR) and IONIS PHARMACEUTICALS (IONS) stocks. They significantly reduced their stock positions in TARSUS PHARMACEUTICALS (TARS), AMER SPORTS ORD and REALREAL (THE) (REAL). Capricorn Fund Managers Ltd opened new stock positions in ZYMEWORKS (ZYME), STRUCTURE THERAPEUTICS INC and NUVATION BIO (NUVB). The fund showed a lot of confidence in some stocks as they added substantially to AVIDITY BIOSCIENCES (RNA), GUARDANT HEALTH (GH) and ROIVANT SCIENCES LTD (ROIV).

Capricorn Fund Managers Ltd Annual Return Estimates Vs S&P 500

Our best estimate is that Capricorn Fund Managers Ltd made a return of 1.39% in the last quarter. In trailing 12 months, it's portfolio return was 4.77%.

Performance
S&P 500

New Buys

Ticker	$ Bought
zymeworks	26,931,400
structure therapeutics inc	17,568,300
nuvation bio	14,236,100
exact sciences corp	9,819,330
biolife solutions	9,153,340
astera labs ord	8,318,000
sotera health company	7,936,240
electronic arts	7,876,720

New stocks bought by Capricorn Fund Managers Ltd

Additions

Ticker	% Inc.
avidity biosciences	533
guardant health	197
roivant sciences ltd	124
apollo global management	123
brookfield corp	75.7
waystar holding ord	46.16
karooooo ltd	39.43
burford capital limited	35.00

Additions to existing portfolio by Capricorn Fund Managers Ltd

Reductions

Ticker	% Reduced
tarsus pharmaceuticals	-90.84
amer sports ord	-74.67
realreal (the)	-66.97
paypal holdings	-44.1
alphabet inc - class a	-34.12
meta platforms	-30.93
pepsico	-28.66
phibro animal health corp	-27.21

Capricorn Fund Managers Ltd reduced stake in above stock

Sold off

Ticker	$ Sold
summit therapeutics	-10,252,900
phreesia	-11,395,400
vera therapeutics cl a ord	-13,097,300
ionis pharmaceuticals	-10,650,400
akero therapeutics	-7,084,020
adt	-1,088,750
doximity	-5,613,380
vita coco company (the)	-2,782,420

Capricorn Fund Managers Ltd got rid off the above stocks

Sector Distribution

Capricorn Fund Managers Ltd has about 36% of it's holdings in Others sector.

Sector	%
Others	36
Healthcare	26.7
Technology	7.7
Industrials	7.6
Communication Services	7.6
Consumer Cyclical	6.5
Financial Services	2.9
Basic Materials	1.5
Energy	1.4
Utilities	1.3

Market Cap. Distribution

Capricorn Fund Managers Ltd has about 28.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	36
MID-CAP	24.3
MEGA-CAP	14.4
LARGE-CAP	13.8
SMALL-CAP	11.1

Stocks belong to which Index?

About 55.6% of the stocks held by Capricorn Fund Managers Ltd either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	44.3
RUSSELL 2000	30.8
S&P 500	24.8

Top 5 Winners (%)		%
GH	guardant health	35.0 %
REAL	realreal (the)	32.2 %
RNA	avidity biosciences	29.7 %
ROIV	roivant sciences ltd	28.0 %
GOOG	alphabet inc - class a	23.9 %

Top 5 Winners ($)		$
REAL	realreal (the)	4.1 M
TARS	tarsus pharmaceuticals	2.9 M
GH	guardant health	2.9 M
GOOG	alphabet inc - class a	2.7 M
ROIV	roivant sciences ltd	2.1 M

Top 5 Losers (%)		%
	brookfield corp	-27.9 %
	burford capital limited	-22.9 %
	ishares bitcoin etf	-21.7 %
KARO	karooooo ltd	-18.0 %
UBER	uber technologies	-15.2 %

Top 5 Losers ($)		$
	waystar holding ord	-3.2 M
KARO	karooooo ltd	-2.4 M
MSFT	microsoft corp	-1.0 M
META	meta platforms	-0.8 M
PAHC	phibro animal health corp	-0.7 M

Capricorn Fund Managers Ltd Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Capricorn Fund Managers Ltd

Capricorn Fund Managers Ltd has 82 stocks in it's portfolio. About 36% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. REAL was the most profitable stock for Capricorn Fund Managers Ltd last quarter.

Last Reported on: 21 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAXJ	ishares iboxx $ high yield	0.61	31,308	2,524,360	reduced	-0.06

ABBV	abbvie	0.00	0.00	0.00	sold off	-100

ADT	adt	0.00	0.00	0.00	sold off	-100

AKRO	akero therapeutics	0.00	0.00	0.00	sold off	-100

AMZN	amazon.com	2.65	47,650	10,998,600	added	7.27

APP	applovin corp	0.97	6,000	4,042,920	new

AXTA	axalta coating systems ltd	0.62	80,000	2,584,800	new

BAC	bank of america corp	0.34	25,465	1,400,580	added	16.17

BLFS	biolife solutions	2.21	378,550	9,153,340	new

CDAY	dayforce ord	1.42	85,033	5,880,880	new

CFLT	confluent	0.95	130,391	3,943,020	new

CHWY	chewy	0.52	65,948	2,179,580	new

COCO	vita coco company (the)	0.00	0.00	0.00	sold off	-100

CPRI	capri holdings limited	0.00	0.00	0.00	sold off	-100

CVX	chevron corp	0.60	16,363	2,493,880	reduced	-13.81

CWAN	clearwater analytics holdings	0.72	124,611	3,005,620	new

DECK	deckers outdoor corp	0.00	0.00	0.00	sold off	-100

DIS	walt disney company (the)	0.28	10,332	1,175,470	new

DNLI	denali therapeutics	0.25	62,197	1,026,870	new

DOCS	doximity	0.00	0.00	0.00	sold off	-100