# EDGAR Filing Document

**Accession Number:** 0001901361
**File Stem:** 0001901361-25-000006
**Filing Date:** 2025-7
**Character Count:** 9341
**Document Hash:** b4c4f89bc755ac6269e676cd123fe539
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001901361-25-000006.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001901361-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capricorn Fund Managers Ltd
- **CENTRAL INDEX KEY:** 0001901361

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** X0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21977
- **FILM NUMBER:** 251138635

**BUSINESS ADDRESS:**
- **STREET 1:** 2ND FLOOR, MALTA HOUSE
- **STREET 2:** 36-38 PICCADILLY
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1J 0DP
- **BUSINESS PHONE:** 00442073174422

**MAIL ADDRESS:**
- **STREET 1:** 2ND FLOOR, MALTA HOUSE
- **STREET 2:** 36-38 PICCADILLY
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** W1J 0DP

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Capricorn Fund Managers Ltd<br>**Address:** 2ND FLOOR MALTA HOUSE<br>36-38 PICCADILLY<br>LONDON, X0 W1J 0DP

**Form 13F File Number:** 028-21977

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Parth Karia<br>**Title:** Parth Karia<br>**Phone:** Head of Risk

**Signature, Place, and Date of Signing:**

Parth KariaMumbai  India  Parth Karia, K7  07-18-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 55

**Form 13F Information Table Value Total:** $211603229

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE | COM | 00287Y109 |  | 5827354 | 31394 | SH |  | SOLE | NONE | 31394 | 0 | 0 |
| Alphabet Inc - Class A | CAP STK CL A | 02079K305 |  | 8651131 | 49090 | SH |  | SOLE | NONE | 49090 | 0 | 0 |
| Amazon.com | COM | 023135106 |  | 10015812 | 45653 | SH |  | SOLE | NONE | 45653 | 0 | 0 |
| AMER SPORTS ORD | COM SHS | G0260P102 |  | 5217174 | 134602 | SH |  | SOLE | NONE | 134602 | 0 | 0 |
| ARDMORE SHIPPING Corp | COM | Y0207T100 |  | 288000 | 30000 | SH |  | SOLE | NONE | 30000 | 0 | 0 |
| Berkshire Hathaway | CL B NEW | 084670702 |  | 6602586 | 13592 | SH |  | SOLE | NONE | 13592 | 0 | 0 |
| Borr Drilling Limited | SHS | G1466R173 |  | 201300 | 110000 | SH |  | SOLE | NONE | 110000 | 0 | 0 |
| British American Tobacco plc | SPONSORED ADR | 110448107 |  | 6389550 | 135000 | SH |  | SOLE | NONE | 135000 | 0 | 0 |
| Brookfield Corp | CL A LTD VT SH | 11271J107 |  | 948532 | 15336 | SH |  | SOLE | NONE | 15336 | 0 | 0 |
| Burford Capital Limited | ORD SHS | G17977110 |  | 1426000 | 100000 | SH |  | SOLE | NONE | 100000 | 0 | 0 |
| Capri Holdings Limited | SHS | G1890L107 |  | 4602000 | 260000 | SH |  | SOLE | NONE | 260000 | 0 | 0 |
| Charles Schwab Corp (The) | COM | 808513105 |  | 1158839 | 12701 | SH |  | SOLE | NONE | 12701 | 0 | 0 |
| Chevron Corp | COM | 166764100 |  | 2746671 | 19182 | SH |  | SOLE | NONE | 19182 | 0 | 0 |
| Coca-Cola Europacific Partners | SHS | G25839104 |  | 2318000 | 25000 | SH |  | SOLE | NONE | 25000 | 0 | 0 |
| CONTEXTLOGIC CL A ORD | CL A NEW | 21077C305 |  | 1702500 | 250000 | SH |  | SOLE | NONE | 250000 | 0 | 0 |
| CRH Public Limited | ORD | 12626K203 |  | 978955 | 10664 | SH |  | SOLE | NONE | 10664 | 0 | 0 |
| D MARKET ELECTRONIC SERVICES TRA ADR | SPONSORED ADS | 23292B104 |  | 78800 | 29185 | SH |  | SOLE | NONE | 29185 | 0 | 0 |
| Deckers Outdoor Corp | COM | 243537107 |  | 6802620 | 66000 | SH |  | SOLE | NONE | 66000 | 0 | 0 |
| Dick's Sporting Goods | COM | 253393102 |  | 6923350 | 35000 | SH |  | SOLE | NONE | 35000 | 0 | 0 |
| ISHARES BITCOIN ETF | SHS BEN INT | 46438F101 |  | 1682663 | 27490 | SH |  | SOLE | NONE | 27490 | 0 | 0 |
| JSC KASPI GLOBAL SPON ADS REP ORD | SPONSORED ADS | 48581R205 |  | 1443130 | 17000 | SH |  | SOLE | NONE | 17000 | 0 | 0 |
| Karooooo Ltd | ORD SHS | Y4600W108 |  | 7579949 | 154756 | SH |  | SOLE | NONE | 154756 | 0 | 0 |
| Kosmos Energy Ltd | COM | 500688106 |  | 184040 | 107000 | SH |  | SOLE | NONE | 107000 | 0 | 0 |
| Linde plc | SHS | G54950103 |  | 4362334 | 9296 | SH |  | SOLE | NONE | 9296 | 0 | 0 |
| lululemon athletica | COM | 550021109 |  | 3207330 | 13500 | SH |  | SOLE | NONE | 13500 | 0 | 0 |
| LUXEXPERIENCE ADS REP ORD | ADS | 55406W103 |  | 4996729 | 629311 | SH |  | SOLE | NONE | 629311 | 0 | 0 |
| Meta Platforms | CL A | 30303M102 |  | 6748357 | 9143 | SH |  | SOLE | NONE | 9143 | 0 | 0 |
| Microsoft Corp | COM | 594918104 |  | 10747538 | 21607 | SH |  | SOLE | NONE | 21607 | 0 | 0 |
| Mondelez International | CL A | 609207105 |  | 1686000 | 25000 | SH |  | SOLE | NONE | 25000 | 0 | 0 |
| Noble Corp | ORD SHS A | G65431127 |  | 554895 | 20900 | SH |  | SOLE | NONE | 20900 | 0 | 0 |
| Occidental Petroleum Corp | COM | 674599105 |  | 3727421 | 88727 | SH |  | SOLE | NONE | 88727 | 0 | 0 |
| On Holding AG | NAMEN AKT A | H5919C104 |  | 2810700 | 54000 | SH |  | SOLE | NONE | 54000 | 0 | 0 |
| PayPal Holdings | COM | 70450Y103 |  | 4120449 | 55442 | SH |  | SOLE | NONE | 55442 | 0 | 0 |
| Peabody Energy Corp | COM | 704551100 |  | 617320 | 46000 | SH |  | SOLE | NONE | 46000 | 0 | 0 |
| PepsiCo | COM | 713448108 |  | 2682261 | 20314 | SH |  | SOLE | NONE | 20314 | 0 | 0 |
| Pfizer | COM | 717081103 |  | 4574064 | 188699 | SH |  | SOLE | NONE | 188699 | 0 | 0 |
| PVH Corp | COM | 693656100 |  | 3430000 | 50000 | SH |  | SOLE | NONE | 50000 | 0 | 0 |
| Ralph Lauren Corp | CL A | 751212101 |  | 8502680 | 31000 | SH |  | SOLE | NONE | 31000 | 0 | 0 |
| Ramaco Resources | COM CL A | 75134P600 |  | 395448 | 30095 | SH |  | SOLE | NONE | 30095 | 0 | 0 |
| RAMACO RESOURCES CL B ORD | COM CL B | 75134P501 |  | 236672 | 28933 | SH |  | SOLE | NONE | 28933 | 0 | 0 |
| RealReal (The) | COM | 88339P101 |  | 5687502 | 1187370 | SH |  | SOLE | NONE | 1187370 | 0 | 0 |
| RealReal (The) | COM | 88339P101 |  | 2011800 | 420000 | SH |  | SOLE | NONE | 420000 | 0 | 0 |
| Restaurant Brands International | COM | 76131D103 |  | 4944372 | 74587 | SH |  | SOLE | NONE | 74587 | 0 | 0 |
| SHARKNINJA ORD | COM SHS | G8068L108 |  | 12868700 | 130000 | SH |  | SOLE | NONE | 130000 | 0 | 0 |
| Talos Energy | COM | 87484T108 |  | 106000 | 12500 | SH |  | SOLE | NONE | 12500 | 0 | 0 |
| Tapestry | COM | 876030107 |  | 8341950 | 95000 | SH |  | SOLE | NONE | 95000 | 0 | 0 |
| Teck Resources Limited | CL B | 878742204 |  | 403800 | 10000 | SH |  | SOLE | NONE | 10000 | 0 | 0 |
| TJX Companies | COM | 872540109 |  | 5124712 | 41499 | SH |  | SOLE | NONE | 41499 | 0 | 0 |
| Uber Technologies | COM | 90353T100 |  | 1401459 | 15021 | SH |  | SOLE | NONE | 15021 | 0 | 0 |
| Union Pacific Corp | COM | 907818108 |  | 4424208 | 19229 | SH |  | SOLE | NONE | 19229 | 0 | 0 |
| Urban Outfitters | COM | 917047102 |  | 2901600 | 40000 | SH |  | SOLE | NONE | 40000 | 0 | 0 |
| VISA | COM CL A | 92826C839 |  | 6417529 | 18075 | SH |  | SOLE | NONE | 18075 | 0 | 0 |
| Vita Coco Company (The) | COM | 92846Q107 |  | 5054000 | 140000 | SH |  | SOLE | NONE | 140000 | 0 | 0 |
| Wolverine World Wide | COM | 978097103 |  | 3616000 | 200000 | SH |  | SOLE | NONE | 200000 | 0 | 0 |
| Wyndham Hotels  Resorts | COM | 98311A105 |  | 1130443 | 13920 | SH |  | SOLE | NONE | 13920 | 0 | 0 |

---