LC

L1 Capital International Pty Ltd

Momentum followerQuality / disciplined sizing

Total reported value

$1.7B

Reporting period: 2026-03-31 · Number of holdings: 23

L1 Capital International Pty Ltd disclosed 23 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $1.7B and a quarterly turnover rate of 22.2%.

Personality snowflake

Concentration
23.82
Portfolio Stability
22.18
Momentum/Contrarian
100
Sector conviction
57.19
Diversification
46
Sizing Uniformity
93.78

Recent moves

  • Trim HCA

    -58.9%　-$25.1M

  • Trim MSFT

    -1.3%　-$40.5M

  • Trim INTU

    +5.4%　-$30.3M

  • Add CDW

    +45.7%　$11.3M

  • Trim GOOGL

    -31.7%　-$24.3M

  • Trim CRM

    +1.0%　-$19.5M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1AERAerCap Holdings N.V.Stock-Industrials11.00%-0.35%-11.95%
2AMZNAmazon.com INCStock-Consumer Disc9.23%+0.24%-1.31%
3MSFTMicrosoft CORPStock-Tech7.46%-1.10%-1.29%
4CRHCRH plcStock-Materials7.32%-0.31%-1.31%
5MAMastercard INC - AStock-Financials6.03%+0.32%+4.51%
6VVisa Inc-class A SharesStock-Financials5.95%+0.15%+3.34%
7BKNGBooking Holdings INCStock-Consumer Disc5.94%-0.61%-0.05%
8ICEIntercontinental Exchange InStock-Financials5.78%+0.28%-6.17%
9JJacobs Solutions INCStock-Industrials5.42%+0.47%-1.28%
10DHRDanaher CORPStock-Healthcare4.47%-0.27%-1.08%
11NVDANvidia CORPStock-Tech4.06%+0.27%-0.81%
12INTUIntuit INCStock-Tech3.98%-1.03%+5.40%
13MRSHMarsh & Mclennan CosStock-Financials3.65%+0.22%-1.30%
14CDWCdw Corp/deStock-Tech2.96%+0.97%+45.69%
15CRMSalesforce INCStock-Tech2.87%-0.63%+0.97%
16UBERUber Technologies INCStock-Industrials2.81%—-1.42%
17GOOGLAlphabet Inc-cl AStock-Comm Services2.44%-0.93%-31.74%
18AXPAmerican Express CoStock-Financials2.28%-0.18%-1.92%
19APOApollo Global Management INCStock-Financials1.75%+1.75%NEW
20TTEKTetra Tech INCStock-Industrials1.72%+1.72%NEW
21HCAHca Healthcare INCStock-Healthcare1.07%-1.15%-58.94%
22TSMTaiwan Semiconductor-sp AdrStock-Tech0.92%+0.24%+5.86%
23GOOGAlphabet Inc-cl CStock-Comm Services0.91%-0.04%-9.57%

Holding changes this quarter

L1 Capital International Pty Ltd's most significant position changes for 2026-03-31: New buy: Apollo Global Management INC (APO); New buy: Tetra Tech INC (TTEK); Trim: Hca Healthcare INC (HCA) — shares -58.94%; Trim: Microsoft CORP (MSFT) — shares -1.29%; Add: Intuit INC (INTU) — shares +5.40%.

Position changes disclosed by L1 Capital International Pty Ltd for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1CDWCdw Corp/de+1%+45.69%Add
2JJacobs Solutions INC+0.5%-1.28%Trim
3MAMastercard INC - A+0.3%+4.51%Add
4ICEIntercontinental Exchange In+0.3%-6.17%Trim
5NVDANvidia CORP+0.3%-0.81%Trim
6AMZNAmazon.com INC+0.2%-1.31%Trim
7TSMTaiwan Semiconductor-sp Adr+0.2%+5.86%Add
8MRSHMarsh & Mclennan Cos+0.2%-1.30%Trim
9VVisa Inc-class A Shares+0.2%+3.34%Add
10UBERUber Technologies INC—-1.42%Trim
11GOOGAlphabet Inc-cl C0%-9.57%Trim
12AXPAmerican Express Co-0.2%-1.92%Trim
13DHRDanaher CORP-0.3%-1.08%Trim
14CRHCRH plc-0.3%-1.31%Trim
15AERAerCap Holdings N.V.-0.4%-11.95%Trim
16BKNGBooking Holdings INC-0.6%-0.05%Trim
17CRMSalesforce INC-0.6%+0.97%Add
18GOOGLAlphabet Inc-cl A-0.9%-31.74%Trim
19INTUIntuit INC-1%+5.40%Add
20MSFTMicrosoft CORP-1.1%-1.29%Trim
21HCAHca Healthcare INC-1.2%-58.94%Trim
22APOApollo Global Management INC—NEWNew buy
23TTEKTetra Tech INC—NEWNew buy

FAQ

What is L1 Capital International Pty Ltd and what type of investor is it?
L1 Capital International 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 $1.7B, spread across 23 disclosed positions.
What are L1 Capital International Pty Ltd's largest equity positions?
Based on the latest 13F filing, L1 Capital International Pty Ltd's top holdings by market value are: 1. AerCap Holdings N.V. (AER) — $184.5M (11.0%) 2. Amazon.com INC (AMZN) — $154.8M (9.2%) 3. Microsoft CORP (MSFT) — $125.1M (7.5%) 4. CRH plc (CRH) — $122.7M (7.3%) 5. Mastercard INC - A (MA) — $101.1M (6.0%)
What changes did L1 Capital International Pty Ltd make in its most recent portfolio filing?
In the latest reported quarter, L1 Capital International Pty Ltd made 23 notable position adjustments: 2 new positions were initiated, 6 existing holdings were added to, 15 positions were partially reduced, and 0 were completely exited. The largest of these moves: New buy: Apollo Global Management INC (APO); New buy: Tetra Tech INC (TTEK); Trim: Hca Healthcare INC (HCA) — shares -58.94%; Trim: Microsoft CORP (MSFT) — shares -1.29%; Add: Intuit INC (INTU) — shares +5.40%
What sectors does L1 Capital International Pty Ltd focus on?
L1 Capital International Pty Ltd is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 25.4% • Information Technology: 22.3% • Industrials: 20.9% • Consumer Discretionary: 15.2% • Materials: 7.3% • Health Care: 5.5%