LC

L1 Capital Pty Ltd

Momentum followerSector-focusedQuality / disciplined sizing

Total reported value

$2.5B

Reporting period: 2026-03-31 · Number of holdings: 22

L1 Capital Pty Ltd disclosed 22 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $2.5B and a quarterly turnover rate of 70.6%.

Personality snowflake

Concentration
37.97
Portfolio Stability
70.55
Momentum/Contrarian
100
Sector conviction
92.15
Diversification
44
Sizing Uniformity
89.32

Recent moves

  • Add FLUT

    +1174.2%　$150.5M

  • Trim Z

    -26.6%　-$65.4M

  • Trim EGO

    +8.3%　$12.1M

  • Trim NWS

    -0.9%　-$5.9M

  • Trim TGB

    -1.2%　$25.3M

  • Add AVR

    +177.0%　$29.2M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NXENexgen Energy LTDStock-Other16.04%-0.09%+4.69%
2EGOEldorado Gold CORPStock-Other14.07%-3.99%+8.30%
3EQXEquinox Gold CORPStock-Other13.82%-0.95%+20.66%
4TGBTaseko Mines LTDStock-Other8.89%-1.59%-1.22%
5CRHCRH plcStock-Materials7.64%+7.64%NEW
6FLUTFlutter Entertainment plcStock-Consumer Disc7.08%+5.52%+1174.21%
7AMCRAmcor plcStock-Consumer Disc6.87%+6.87%NEW
8CGAUCenterra Gold INCStock-Other4.91%+4.91%NEW
9NWSNews CORP - Class BStock-Comm Services4.74%-1.87%-0.91%
10ZZillow Group INC - CStock-Comm Services2.06%-4.09%-26.60%
11AVRAnteris Technologies GlobalStock-Other1.70%+0.97%+176.99%
12SCOUSDProshares Ultrashort BloombeETF-Other1.70%+1.70%NEW
13EXPEagle Materials INCStock-Materials1.60%+0.30%+78.57%
14TECKTeck Resources Ltd-cls BStock-Materials1.29%+1.29%NEW
15HDBHdfc Bank Ltd-adrStock-Financials1.24%+0.28%+152.02%
16NUNu Holdings Ltd.Stock-Financials1.20%+1.20%NEW
17IAGIamgold CORPStock-Other1.12%+0.04%+20.58%
18ISOUIsoenergy LTDStock-Other1.03%+0.68%+232.86%
19BLDRBuilders Firstsource INCStock-Industrials0.95%+0.95%NEW
20CCL1EURCarnival CORP LTDStock-Consumer Disc0.73%+0.73%NEW
21NCLHNorwegian Cruise Line Holdings Ltd.Stock-Consumer Disc0.67%+0.67%NEW
22SLSRSolaris Resources INCStock-Other0.67%-0.68%-39.08%

Holding changes this quarter

L1 Capital Pty Ltd's most significant position changes for 2026-03-31: New buy: CRH plc (CRH); New buy: Amcor plc (AMCR); New buy: Centerra Gold INC (CGAU); Sold out: Intercontinental Exchange In (ICE); Sold out: Cenovus Energy INC (CVE).

Position changes disclosed by L1 Capital Pty Ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1FLUTFlutter Entertainment plc+5.5%+1174.21%Add
2AVRAnteris Technologies Global+1%+176.99%Add
3ISOUIsoenergy LTD+0.7%+232.86%Add
4EXPEagle Materials INC+0.3%+78.57%Add
5HDBHdfc Bank Ltd-adr+0.3%+152.02%Add
6IAGIamgold CORP0%+20.58%Add
7NXENexgen Energy LTD-0.1%+4.69%Add
8SLSRSolaris Resources INC-0.7%-39.08%Trim
9EQXEquinox Gold CORP-1%+20.66%Add
10TGBTaseko Mines LTD-1.6%-1.22%Trim
11NWSNews CORP - Class B-1.9%-0.91%Trim
12EGOEldorado Gold CORP-4%+8.30%Add
13ZZillow Group INC - C-4.1%-26.60%Trim
14CRHCRH plc—NEWNew buy
15AMCRAmcor plc—NEWNew buy
16CGAUCenterra Gold INC—NEWNew buy
17ICEIntercontinental Exchange In—EXITSold out
18CVECenovus Energy INC—EXITSold out
19AAAlcoa CORP—EXITSold out
20SCOUSDProshares Ultrashort Bloombe—NEWNew buy
21AAUCAllied Gold CORP—EXITSold out
22NUENucor CORP—EXITSold out
23TECKTeck Resources Ltd-cls B—NEWNew buy
24NUNu Holdings Ltd.—NEWNew buy
25BLDRBuilders Firstsource INC—NEWNew buy
26JDJd.com Inc-adr—EXITSold out
27CCL1EURCarnival CORP LTD—NEWNew buy
28NCLHNorwegian Cruise Line Holdings Ltd.—NEWNew buy
29AMRZAmrize Ltd—EXITSold out

FAQ

What is L1 Capital Pty Ltd and what type of investor is it?
L1 Capital Pty Ltd is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $2.5B, spread across 22 disclosed positions.
What are L1 Capital Pty Ltd's largest equity positions?
Based on the latest 13F filing, L1 Capital Pty Ltd's top holdings by market value are: 1. Nexgen Energy LTD (NXE) — $408.3M (16.0%) 2. Eldorado Gold CORP (EGO) — $358.4M (14.1%) 3. Equinox Gold CORP (EQX) — $351.8M (13.8%) 4. Taseko Mines LTD (TGB) — $226.5M (8.9%) 5. CRH plc (CRH) — $194.5M (7.6%)
What changes did L1 Capital Pty Ltd make in its most recent portfolio filing?
In the latest reported quarter, L1 Capital Pty Ltd made 29 notable position adjustments: 9 new positions were initiated, 9 existing holdings were added to, 4 positions were partially reduced, and 7 were completely exited. The largest of these moves: New buy: CRH plc (CRH); New buy: Amcor plc (AMCR); New buy: Centerra Gold INC (CGAU); Sold out: Intercontinental Exchange In (ICE); Sold out: Cenovus Energy INC (CVE)
What sectors does L1 Capital Pty Ltd focus on?
L1 Capital Pty Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Consumer Discretionary: 42.6% • Materials: 29.2% • Communication Services: 18.9% • Financials: 6.8% • Industrials: 2.6%