Q2 2026 13F · SEC CIK 1536261
Capricorn Investment Group LLC
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $22.5B
- Reported positions
- 10
- Top holdings a year, 3 yrs
- +13.3%
- Assets under management
- $18.9B
Capricorn Investment Group LLC is a hedge fund that reported 10 positions worth $22.5B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Space Exploration Techn Corp (SPCX, 91.8%), Fervo Energy Co (FRVO, 4.4%), Joby Aviation Inc (JOBY, 1.1%). A portfolio copying its top holdings returned 13.3% a year over the last 3 years, against 20.4% for the S&P 500.
Capricorn Investment Group LLC holdings all 10 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| SPCXSpace Exploration Techn Corp | 91.8% | — | $20.6B |
| FRVOFervo Energy Co | 4.4% | — | $1.0B |
| JOBYJoby Aviation Inc | 1.1% | +0.0% | $254.0M |
| XNDUXanadu Quantum Technolo Ltd | 0.6% | — | $134.2M |
| PLPlanet Labs Pbc | 0.6% | -25.0% | $133.1M |
| NVTSNavitas Semiconductor Corp | 0.6% | -10.7% | $127.8M |
| QSQuantumscape Corp | 0.4% | +0.0% | $86.9M |
| OTFBlue Owl Technology Finance | 0.3% | -0.0% | $58.3M |
| TSLATesla Inc | 0.2% | — | $50.5M |
| 00BLPK443Ecofin US Renewables Infrastructure PLC | 0.0% | +0.0% | $3.4M |
What Capricorn Investment Group LLC bought and sold in Q2 2026, against Q1 2026.
New positions
- SPCX Space Exploration Techn Corp91.8% of 13F
- FRVO Fervo Energy Co4.4% of 13F
- XNDU Xanadu Quantum Technolo Ltd0.6% of 13F
- TSLA Tesla Inc0.2% of 13F
Added to
No position grew by more than 5%.
Reduced
- PL Planet Labs Pbc-25.0% shares
- NVTS Navitas Semiconductor Corp-10.7% shares
Sold out
- HTFL Heartflow Incwas 1.1%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- -17.2% /yr
- S&P 500 +20.1%
- 3 years
- +13.3% /yr
- S&P 500 +20.4%
- 5 years
- +20.8% /yr
- S&P 500 +20.1%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $22.5B | 10 |
| Q1 2026 | $601.5M | 7 |
| Q4 2025 | $826.0M | 7 |
| Q3 2025 | $840.4M | 5 |
| Q2 2025 | $610.1M | 5 |
| Q1 2025 | $462.9M | 7 |
| Q4 2024 | $532.6M | 7 |
| Q3 2024 | $406.4M | 8 |
| Q2 2024 | $391.3M | 8 |
| Q1 2024 | $429.7M | 8 |
| Q4 2023 | $532.8M | 8 |
| Q3 2023 | $511.5M | 8 |
Questions about Capricorn Investment Group LLC's portfolio
What stocks does Capricorn Investment Group LLC own?
Capricorn Investment Group LLC's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 10 positions worth $22.5B. The largest are Space Exploration Techn Corp (SPCX) at 91.8%, Fervo Energy Co (FRVO) at 4.4%, Joby Aviation Inc (JOBY) at 1.1%, Xanadu Quantum Technolo Ltd (XNDU) at 0.6% and Planet Labs Pbc (PL) at 0.6%.
What did Capricorn Investment Group LLC buy last quarter?
In Q2 2026, Capricorn Investment Group LLC added a new position in Space Exploration Techn Corp (SPCX), a new position in Fervo Energy Co (FRVO), a new position in Xanadu Quantum Technolo Ltd (XNDU) and a new position in Tesla Inc (TSLA), compared with its Q1 2026 filing.
What did Capricorn Investment Group LLC sell last quarter?
In Q2 2026, Capricorn Investment Group LLC sold all of Heartflow Inc (HTFL), Planet Labs Pbc (PL) (-25.0% shares) and Navitas Semiconductor Corp (NVTS) (-10.7% shares), compared with its Q1 2026 filing.
How has Capricorn Investment Group LLC's portfolio performed?
A portfolio copying Capricorn Investment Group LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.3% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: -17.2% against +20.1%. Over 5 years: +20.8% a year against +20.1%.
When is Capricorn Investment Group LLC's next 13F filing due?
13F filings are due 45 days after each quarter ends. Capricorn Investment Group LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Capricorn Investment Group LLC manage?
Capricorn Investment Group LLC reported $18.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $22.5B.