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Capricorn Fund Managers Ltd

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

Q3 2025 · Filed 2025-10-17
Market Value
$295M
+44.4%
Holdings
74
+18
New Purchases
24
Added To
8
Closed
16
Reduced
21
Top 10 Concentration
43.2%
Turnover
54.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WAY 6.50% 0.00% +6.50% $19M
TARS 4.84% 0.00% +4.84% $14M
VERA 4.44% 0.00% +4.44% $13M
PHR 3.87% 0.00% +3.87% $11M
IONS 3.61% 0.00% +3.61% $11M
SMMT 3.48% 0.00% +3.48% $10M
PAHC 3.47% 0.00% +3.47% $10M
AKRO 2.40% 0.00% +2.40% $7M
JNJ 2.31% 0.00% +2.31% $7M
DOCS 1.90% 0.00% +1.90% $6M
NKE 1.09% 0.00% +1.09% $3M
SPOT 1.07% 0.00% +1.07% $3M
ULTA 1.02% 0.00% +1.02% $3M
ROIV 1.02% 0.00% +1.02% $3M
RBLX 0.92% 0.00% +0.92% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SN 2.10% 6.31% -4.21% $6M
DKS 0.00% 3.39% -3.39% $0
RL 1.06% 4.17% -3.10% $3M
TPR 1.00% 4.09% -3.09% $3M
DECK 0.86% 3.33% -2.47% $3M
PFE 0.00% 2.24% -2.24% $0
BTI 1.17% 3.13% -1.96% $3M
CPRI 0.34% 2.25% -1.92% $996K
WWW 0.00% 1.77% -1.77% $0
PVH 0.00% 1.68% -1.68% $0
TJX 0.88% 2.51% -1.63% $3M
AMZN 3.31% 4.91% -1.60% $10M
LULU 0.00% 1.57% -1.57% $0
COCO 0.94% 2.48% -1.53% $3M
URBN 0.00% 1.42% -1.42% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Healthcare 28.4%
Consumer Cyclical 20.0%
Financial Services 19.6%
Consumer Defensive 8.6%
Technology 8.2%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 12 $85M 29.0%
Large Cap 36 $92M 31.2%
Mid Cap 16 $79M 26.8%
Small Cap 10 $38M 13.0%

Portfolio Analytics

Avg Market Cap
$244.2B
Median Market Cap
$18.3B
Avg P/E
31.8
Median P/E
23.5
Avg Dividend Yield
0.01%
Avg Beta
0.96
# Stocks
71
# ETFs / Funds
3

Top Holdings (74 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 WAY 6.50% 505,122 $19M $37.92 +505,122 NEW
2 TARS 4.84% 240,020 $14M $59.43 +240,020 NEW
3 MSFT 4.80% 27,318 $14M $517.95 $3M +5,711 +26.4%
4 VERA 4.44% 450,700 $13M $29.06 +450,700 NEW
5 REAL 4.29% 1,189,490 $13M $10.63 $5M -417,880 -26.0%
6 GOOGL 3.89% 47,156 $11M $243.10 $3M -1,934 -3.9%
7 PHR 3.87% 484,500 $11M $23.52 +484,500 NEW
8 IONS 3.61% 162,800 $11M $65.42 +162,800 NEW
9 SMMT 3.48% 496,266 $10M $20.66 +496,266 NEW
10 PAHC 3.47% 252,928 $10M $40.46 +252,928 NEW
11 KARO 3.31% 170,756 $10M $57.12 $2M +16,000 +10.3%
12 AMZN 3.31% 44,419 $10M $219.57 -$263K -1,234 -2.7%
13 META 3.25% 13,057 $10M $734.38 $3M +3,914 +42.8%
14 AKRO 2.40% 149,200 $7M $47.48 +149,200 NEW
15 V 2.33% 20,149 $7M $341.38 $461K +2,074 +11.5%
16 ABBV 2.32% 29,535 $7M $231.54 $1M -1,859 -5.9%
17 JNJ 2.31% 36,760 $7M $185.42 +36,760 NEW
18 BRK-B 2.21% 12,940 $7M $502.74 -$97K -652 -4.8%
19 SN 2.10% 60,000 $6M $103.15 -$7M -70,000 -53.9%
20 MYTE 1.94% 672,962 $6M $8.50 $723K +43,651 +6.9%
21 DOCS 1.90% 76,738 $6M $73.15 +76,738 NEW
22 PEP 1.75% 36,678 $5M $140.44 $2M +16,364 +80.6%
23 QSR 1.54% 70,868 $5M $64.14 -$399K -3,719 -5.0%
24 UNP 1.46% 18,179 $4M $236.37 -$127K -1,050 -5.5%
25 LIN 1.42% 8,830 $4M $475.00 -$168K -466 -5.0%
26 OXY 1.36% 84,553 $4M $47.25 $268K -4,174 -4.7%
27 BTI 1.17% 65,000 $3M $53.08 -$3M -70,000 -51.9%
28 NKE 1.09% 45,920 $3M $69.73 +45,920 NEW
29 SPOT 1.07% 4,537 $3M $698.00 +4,537 NEW
30 RL 1.06% 10,000 $3M $313.56 -$5M -21,000 -67.7%
31 ULTA 1.02% 5,500 $3M $546.75 +5,500 NEW
32 ROIV 1.02% 198,500 $3M $15.13 +198,500 NEW
33 CVX 1.00% 18,985 $3M $155.29 $202K -197 -1.0%
34 TPR 1.00% 26,000 $3M $113.22 -$5M -69,000 -72.6%
35 COCO 0.94% 65,515 $3M $42.47 -$2M -74,485 -53.2%
36 RBLX 0.92% 19,605 $3M $138.52 +19,605 NEW
37 TJX 0.88% 18,000 $3M $144.54 -$3M -23,499 -56.6%
38 HYG 0.86% 31,328 $3M $81.19 +31,328 NEW
39 DECK 0.86% 25,000 $3M $101.37 -$4M -41,000 -62.1%
40 FIVE 0.84% 16,000 $2M $154.70 +16,000 NEW
41 PYPL 0.82% 36,067 $2M $67.06 -$2M -19,375 -35.0%
42 GH 0.77% 36,200 $2M $62.48 +36,200 NEW
43 ONON 0.72% 50,000 $2M $42.35 -$693K -4,000 -7.4%
44 IBIT 0.61% 27,490 $2M $65.00 $104K
45 APO 0.60% 13,307 $2M $133.27 +13,307 NEW
46 KSPI 0.47% 17,000 $1M $81.68 -$55K
47 UBER 0.45% 13,521 $1M $97.97 -$77K -1,500 -10.0%
48 SCHW 0.44% 13,617 $1M $95.47 $141K +916 +7.2%
49 LQD 0.43% 11,402 $1M $111.47 +11,402 NEW
50 BUR 0.41% 100,000 $1M $11.96 -$230K
51 LEVI 0.40% 50,000 $1M $23.30 +50,000 NEW
52 BAC 0.38% 21,920 $1M $51.59 +21,920 NEW
53 WH 0.38% 13,920 $1M $79.90 -$18K
54 BN 0.37% 16,000 $1M $68.58 $149K +664 +4.3%
55 ADT 0.37% 125,000 $1M $8.71 +125,000 NEW
56 CPRI 0.34% 50,000 $996K $19.92 -$4M -210,000 -80.8%
57 RNAM 0.16% 10,800 $471K $43.57 +10,800 NEW
58 HEPS 0.03% 29,185 $79K $2.69 -$292
59 PVH —% -$3M -50,000 -100.0% SOLD
60 CCEP —% -$2M -25,000 -100.0% SOLD
61 PFE —% -$5M -188,699 -100.0% SOLD
62 TALO —% -$106K -12,500 -100.0% SOLD
63 KOS —% -$184K -107,000 -100.0% SOLD
64 NE —% -$555K -20,900 -100.0% SOLD
65 ASC —% -$288K -30,000 -100.0% SOLD
66 CRH —% -$979K -10,664 -100.0% SOLD
67 MDLZ —% -$2M -25,000 -100.0% SOLD
68 BTU —% -$617K -46,000 -100.0% SOLD
69 DKS —% -$7M -35,000 -100.0% SOLD
70 METCB —% -$237K -28,933 -100.0% SOLD
71 WWW —% -$4M -200,000 -100.0% SOLD
72 LULU —% -$3M -13,500 -100.0% SOLD
73 TECK —% -$404K -10,000 -100.0% SOLD
74 URBN —% -$3M -40,000 -100.0% SOLD

New Positions

SymbolValue% Port
WAY $19M 6.50%
TARS $14M 4.84%
VERA $13M 4.44%
PHR $11M 3.87%
IONS $11M 3.61%
SMMT $10M 3.48%
PAHC $10M 3.47%
AKRO $7M 2.40%
JNJ $7M 2.31%
DOCS $6M 1.90%
NKE $3M 1.09%
SPOT $3M 1.07%
ULTA $3M 1.02%
ROIV $3M 1.02%
RBLX $3M 0.92%

Sold Out Positions

SymbolValue% Port
WWW —%
ASC —%
TALO —%
CRH —%
TECK —%
PVH —%
PFE —%
DKS —%
KOS —%
BTU —%
NE —%
LULU —%
CCEP —%
URBN —%
MDLZ —%
View SEC EDGAR Filings for Capricorn Fund Managers Ltd →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms