Capricorn Fund holds 1.41M Kingsway shares (4.9%)

Rhea-AI Filing Summary

Capricorn Fund Managers Limited, a United Kingdom investment manager, reports beneficial ownership of 1,410,526 shares of KINGSWAY Corp common stock on an amended Schedule 13G. This represents 4.9% of the class, indicating a position below the 5% threshold often associated with larger significant holders.

Capricorn reports sole voting power and sole dispositive power over all 1,410,526 shares, with no shared voting or dispositive power. The filing is signed by Parth R Karia, Head of Risk, who also confirms regulation as a foreign investment adviser under a scheme comparable to U.S. standards.

Filing Explained

Capricorn reports 1,410,526 Kingsway shares, or 4.9%, with sole voting and disposal power—below the filing’s stated 5% ownership level.

The July 13 Schedule 13G/A reports Capricorn Fund Managers Limited’s passive ownership position in Kingsway as of June 30, 2026: 1,410,526 common shares, or 4.9%, with sole voting and dispositive power.

Because the reported position is below the 5% level and Item 5 records ownership of 5% or less, the filing describes an ownership position rather than a stated change to Kingsway’s share count.

The filing reports zero shared voting power and zero shared dispositive power, so all disclosed voting and disposal authority is classified as sole power held by Capricorn.

The relevant follow-up is a later Schedule 13G/A or Schedule 13D changing the reported percentage or the holder’s stated passive status, since amendments track changes in stake or intent as stated.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/13/2026 - 07:20 AM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

KINGSWAY Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

496904202

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 496904202

1

Names of Reporting Persons

Capricorn Fund Managers Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,410,526.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,410,526.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,410,526.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KINGSWAY Corp
(b)	Address of issuer's principal executive offices: 10 S. RIVERSIDE PLAZA, 10 S. RIVERSIDE PLAZA, CHICAGO, ILLINOIS, 60606.
Item 2.
(a)	Name of person filing: Capricorn Fund Managers Limited
(b)	Address or principal business office or, if none, residence: Malta House, 36-38 Piccadilly, London, W1J 0DP
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 496904202
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1410526
(b)	Percent of class: 4.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1410526
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1410526
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Foreign investment advisor - registered & regulated with the FCA is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Capricorn Fund Managers Ltd

Signature:	Parth R Karia
Name/Title:	Head of Risk
Date:	07/13/2026