Capricorn Fund Managers Ltd

CIK 0001901361 · Q1 2026

13F Equity AUM

$641.4M

+54.6% QoQ

Positions

114

+32 QoQ

AUM Rank

#3,708

Top 30%

Skill Alpha (FF)

-3.5%/yr^ns

No Clear Edge

Rank #6,705 · Top 82%

vs S&P -5.0%/yr (unadj.)

Quarters Tracked

~4 years

Portfolio Concentration

Top 5: 19.3%Top 10: 33.4%Top 20: 53.7%

CVNA4.7%

BAC4.1%

ZYME3.9%

AXGN3.5%

KKR3.1%

NVST3.0%

KFS2.9%

ADPT2.8%

NSC2.7%

SKIN2.7%

Others (104)66.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Healthcare30.8%

Consumer Cyclical20.2%

Financial Services18.1%

Consumer Defensive8.2%

Technology7.6%

Industrials6.2%

Communication Services5.8%

Other3.1%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 114Median: 0.46%Avg: 0.88%

0–0.5%

59(12.9%)

0.5–1%

21(15.4%)

1–3%

29(52.4%)

3–5%

5(19.3%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 113Unique: 1vs 20 funds

1.5%Low

114

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

BlackRock, Inc.

2.8%

MORGAN STANLEY

2.1%

GEODE CAPITAL MANAGEMENT, LLC

3.1%

BANK OF AMERICA CORP /DE/

2.2%

STATE STREET CORP

3.1%

JPMORGAN CHASE & CO

2.1%

FMR LLC

3.5%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.5%

VANGUARD CAPITAL MANAGEMENT LLC

2.9%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New70Increased25Decreased15Exited38

New Positions

CVNA4.7%

+95K

AXGN3.5%

+688K

KKR3.1%

+212K

NVST3.0%

+746K

KFS2.9%

+1.8M

ADPT2.8%

+1.3M

SKIN2.7%

+19.4M

PRI2.7%

+68K

ELVN2.3%

+369K

BLND1.7%

+6.5M

Increased

BAC4.1%

+512K(+2009%)

AM61.2%

+323K(+154%)

LUXE1.3%

+268K(+36%)

AS0.9%

+162K(+711%)

REAL0.8%

+156K(+40%)

KSPI1.4%

+102K(+599%)

PAHC2.3%

+83K(+45%)

BETA0.2%

+64K(+318%)

TXNM1.4%

+62K(+71%)

KARO2.2%

+40K(+17%)

Decreased

WAY0.2%

-692,554(-94%)

ROIV0.1%

-425,500(-96%)

TEX0.4%

-86,090(-66%)

KGS0.4%

-59,971(-60%)

GKOS0.1%

-57,200(-95%)

WBD0.5%

-55,729(-34%)

ALAB0.1%

-44,311(-89%)

AXTA0.2%

-34,484(-43%)

LOAR0.4%

-24,673(-35%)

BORR0.1%

-20,000(-18%)

Exited

GPCR

-252,600

NUVB

-1,588,854

-107,787

EXK

-96,685

BLFS

-378,550

SHC

-449,900

-380,000

HQY

-75,602

CYBR

-14,841

TERN

-151,436

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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