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L1 Capital Pty Ltd

Q4 2025 · Filed 2026-02-13
Market Value
$1.8B
+15.5%
Holdings
23
-9
New Purchases
4
Added To
8
Closed
7
Reduced
4
Top 10 Concentration
93.2%
Turnover
47.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EGO 18.92% 12.05% +6.87% $346M
Z 6.45% 0.03% +6.41% $118M
ICE 6.01% 0.00% +6.01% $110M
TGB 10.99% 6.80% +4.19% $201M
EQX 15.47% 12.86% +2.61% $283M
NUE 1.81% 0.10% +1.71% $33M
EXP 1.36% 0.00% +1.36% $25M
JD 1.15% 0.00% +1.15% $21M
IAG 1.13% 0.09% +1.03% $21M
HDB 1.01% 0.00% +1.01% $18M
NWS 6.92% 6.48% +0.44% $127M
NXE 16.89% 16.45% +0.44% $309M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AA 4.49% 13.87% -9.38% $82M
HBM 0.00% 8.46% -8.46% $0
CHTR 0.00% 4.02% -4.02% $0
DNN 0.00% 2.80% -2.80% $0
CRH.L 0.00% 2.55% -2.55% $0
HCC 0.00% 2.35% -2.35% $0
CVE 5.23% 7.18% -1.95% $96M
AVR 0.77% 1.72% -0.95% $14M
SLS.TO 1.41% 2.06% -0.65% $26M
FCX 0.00% 0.06% -0.06% $0
AER 0.00% 0.05% -0.05% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 11 $487M 26.6%
Mid Cap 11 $1.3B 72.6%
Small Cap 1 $14M 0.8%

Portfolio Analytics

Avg Market Cap
$28.6B
Median Market Cap
$9.7B
Avg P/E
35.0
Median P/E
16.8
Avg Dividend Yield
0.01%
Avg Beta
1.36
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EGO 18.92% 9,640,407 $346M $35.92 $155M +2,512,168 +35.2%
2 NXE 16.89% 33,642,681 $309M $9.19 $49M +2,804,090 +9.1%
3 EQX 15.47% 20,164,556 $283M $14.04 $79M +2,768,141 +15.9%
4 TGB 10.99% 35,545,632 $201M $5.66 $93M +11,066,233 +45.2%
5 NWS 6.92% 4,273,704 $127M $29.63 $24M +886,156 +26.2%
6 Z 6.45% 1,729,313 $118M $68.22 $117M +1,722,369 +24803.7%
7 ICE 6.01% 679,203 $110M $161.96 +679,203 NEW
8 CVE 5.23% 5,655,769 $96M $16.92 -$18M -861,710 -13.2%
9 AA 4.49% 1,545,476 $82M $53.14 -$138M -4,342,223 -73.8%
10 NUE 1.81% 203,632 $33M $163.11 $32M +192,246 +1688.4%
11 SLS.TO 1.41% 3,229,384 $26M $8.01 -$7M -1,700,239 -34.5%
12 EXP 1.36% 120,143 $25M $206.68 +120,143 NEW
13 JD 1.15% 730,264 $21M $28.70 +730,264 NEW
14 IAG 1.13% 1,252,077 $21M $16.49 $19M +1,134,119 +961.5%
15 HDB 1.01% 503,481 $18M $36.54 +503,481 NEW
16 AVR 0.77% 2,812,000 $14M $4.99 -$13M -4,026,136 -58.9%
17 CRH.L —% -$40M -356,888 -100.0% SOLD
18 HBM —% -$134M -8,379,964 -100.0% SOLD
19 AER —% -$834K -6,272 -100.0% SOLD
20 HCC —% -$37M -458,915 -100.0% SOLD
21 FCX —% -$1M -25,475 -100.0% SOLD
22 DNN —% -$44M -14,007,218 -100.0% SOLD
23 CHTR —% -$64M -289,544 -100.0% SOLD

New Positions

SymbolValue% Port
ICE $110M 6.01%
EXP $25M 1.36%
JD $21M 1.15%
HDB $18M 1.01%

Sold Out Positions

SymbolValue% Port
HBM —%
AER —%
HCC —%
CHTR —%
FCX —%
DNN —%
CRH.L —%
View SEC EDGAR Filings for L1 Capital Pty Ltd →

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