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L1 Capital Pty Ltd

Q1 2026 · Filed 2026-05-15
Market Value
$2.2B
+18.3%
Holdings
24
+1
New Purchases
8
Added To
7
Closed
5
Reduced
4
Top 10 Concentration
88.9%
Turnover
54.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CRH.L 8.98% 0.00% +8.98% $195M
CGAU 5.77% 0.00% +5.77% $125M
SCO 1.99% 0.00% +1.99% $43M
NXE 18.86% 16.89% +1.97% $408M
TECK 1.52% 0.00% +1.52% $33M
NU 1.41% 0.00% +1.41% $31M
AVR 2.00% 0.77% +1.23% $43M
BLDR 1.11% 0.00% +1.11% $24M
CCL 0.86% 0.00% +0.86% $19M
NCLH 0.79% 0.00% +0.79% $17M
EQX 16.25% 15.47% +0.78% $352M
EXP 1.88% 1.36% +0.52% $41M
HDB 1.46% 1.01% +0.45% $32M
IAG 1.31% 1.13% +0.18% $28M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICE 0.00% 6.01% -6.01% $0
CVE 0.00% 5.23% -5.23% $0
AA 0.00% 4.49% -4.49% $0
Z 2.43% 6.45% -4.02% $53M
EGO 16.56% 18.92% -2.37% $358M
NUE 0.00% 1.81% -1.81% $0
NWS 5.58% 6.92% -1.34% $121M
JD 0.00% 1.15% -1.15% $0
SLS.TO 0.78% 1.41% -0.63% $17M
TGB 10.46% 10.99% -0.53% $227M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 11 $429M 19.8%
Mid Cap 11 $1.6B 76.2%
Small Cap 1 $43M 2.0%
Micro Cap 1 $43M 2.0%

Portfolio Analytics

Avg Market Cap
$27.4B
Median Market Cap
$9.6B
Avg P/E
33.8
Median P/E
17.6
Avg Dividend Yield
0.01%
Avg Beta
1.30
# Stocks
23
# ETFs / Funds
1

Top Holdings (24 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 NXE 18.86% 35,220,809 $408M $11.59 $99M +1,578,128 +4.7%
2 EGO 16.56% 10,440,333 $358M $34.33 $12M +799,926 +8.3%
3 EQX 16.25% 24,331,165 $352M $14.46 $69M +4,166,609 +20.7%
4 TGB 10.46% 35,110,589 $227M $6.45 $25M -435,043 -1.2%
5 CRH.L 8.98% 1,850,331 $195M $105.12 +1,850,331 NEW
6 CGAU 5.77% 7,051,683 $125M $17.72 +7,051,683 NEW
7 NWS 5.58% 4,234,968 $121M $28.51 -$6M -38,736 -0.9%
8 Z 2.43% 1,269,328 $53M $41.38 -$65M -459,985 -26.6%
9 AVR 2.00% 7,789,000 $43M $5.55 $29M +4,977,000 +177.0%
10 SCO 1.99% 5,187,995 $43M $8.32 +5,187,995 NEW
11 EXP 1.88% 214,538 $41M $189.45 $16M +94,395 +78.6%
12 TECK 1.52% 634,547 $33M $51.75 +634,547 NEW
13 HDB 1.46% 1,268,890 $32M $24.88 $13M +765,409 +152.0%
14 NU 1.41% 2,130,166 $31M $14.37 +2,130,166 NEW
15 IAG 1.31% 1,509,742 $28M $18.82 $8M +257,665 +20.6%
16 BLDR 1.11% 292,503 $24M $82.33 +292,503 NEW
17 CCL 0.86% 715,980 $19M $25.88 +715,980 NEW
18 NCLH 0.79% 911,342 $17M $18.70 +911,342 NEW
19 SLS.TO 0.78% 1,967,387 $17M $8.63 -$9M -1,261,997 -39.1%
20 AA —% -$82M -1,545,476 -100.0% SOLD
21 JD —% -$21M -730,264 -100.0% SOLD
22 CVE —% -$96M -5,655,769 -100.0% SOLD
23 ICE —% -$110M -679,203 -100.0% SOLD
24 NUE —% -$33M -203,632 -100.0% SOLD

New Positions

SymbolValue% Port
CRH.L $195M 8.98%
CGAU $125M 5.77%
SCO $43M 1.99%
TECK $33M 1.52%
NU $31M 1.41%
BLDR $24M 1.11%
CCL $19M 0.86%
NCLH $17M 0.79%

Sold Out Positions

SymbolValue% Port
AA —%
ICE —%
CVE —%
NUE —%
JD —%
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