L1 Capital Pty Ltd

Non-US

CIK

1817646

Location

MELBOURNE VIC 3000, C3

Portfolio Value

Mid $2,975,075,746

Diversification

Diversified

Filing Date

Global Rank

#1,255 / 8,818 ▼ 19

Top Industry

Gold 42.2%

3Y Alpha vs SPY

+14.5%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

25 quarters · since Jun 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Non-US

Schedule 13G, Oct 7, 2026

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 82.7% of the book (60%+)

Turnover

Medium turnover

90.9% over the last four quarters (30% to under 100%)

Horizon

Medium horizon

Value-weighted holding period 5.8 quarters (4 to under 12)

Closest benchmark: the Russell 1000 as of 2026-06-30, active share 99.6%; sector active share 75.6% against the combined 13F book's sector weights.

Over time 25 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

24 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

15.1%

−0.2 pts

Top 5

53.4%

−4.1 pts

Top 10

82.7%

−3.7 pts

HHI

820

Diversified−78

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	67.3%	$2,000,827,270	13
Energy	12.0%	$356,282,553	2
Consumer Cyclical	9.8%	$290,906,590	1
Financial Services	3.1%	$91,878,306	2
Healthcare	2.6%	$76,721,650	1
Industrials	2.5%	$73,672,472	2
Communication Services	2.4%	$71,744,213	2
Technology	0.4%	$13,042,692	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
CGAU	Centerra Gold Inc.	+9,285,471	16,337,154	$259,107,262
EGO	Eldorado Gold Corp	+3,977,224	14,417,557	$448,241,847
EQX	Equinox Gold Corp.	+2,724,700	27,055,865	$262,983,007
AMCR	Amcor plc	+2,310,434	6,710,648	$290,906,590
HDB	Hdfc Bank Ltd	+925,605	2,194,495	$56,683,805
NU	Nu Holdings Ltd.	+504,153	2,634,319	$35,194,501
BLDR	Builders FirstSource, Inc.	+307,766	600,269	$53,712,070
ISOU	IsoEnergy Ltd.	+293,780	2,778,857	$27,705,204
IAG	Iamgold Corp	+2,632	1,512,374	$23,956,004
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
NWS	News Corp	−2,239,068	1,995,900	$56,004,954
Z	Zillow Group, Inc.	−769,986	499,342	$15,739,259
CRH	Crh Public Ltd Co	−585,804	1,264,527	$135,304,389
TGB	Trekor Metals Ltd	−423,578	34,687,011	$238,646,635
NXE	NexGen Energy Ltd.	−228,546	34,992,263	$328,577,349
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
HBM	Hudbay Minerals Inc.	9,977,133	$235,560,110
BTG	B2gold Corp	48,837,914	$182,653,798
OGC	OceanaGold Corp	3,157,907	$79,200,307
AA	Alcoa Corp	1,435,645	$74,854,530
AYA	Aya Gold & Silver Inc.	2,074,017	$39,281,881
FERG	Ferguson Enterprises Inc.	84,104	$19,960,402
INTU	Intuit Inc.	49,972	$13,042,692
LAR	Lithium Argentina AG	1,369,956	$11,329,536
SGML	Sigma Lithium Corp	767,428	$9,707,964
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
FLUT	Flutter Entertainment plc	1,769,255	$180,375,547
SCO		5,187,995	$172,656,473
EXP	Eagle Materials Inc	214,538	$40,644,224
TECK	Teck Resources Ltd	634,547	$32,837,807
CCL	Carnival Corp Ltd.	715,980	$18,529,562
NCLH	Norwegian Cruise Line Holdings Ltd.	911,342	$17,042,095
SLSR	Solaris Resources Inc.	1,967,387	$16,880,180
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

24 tracked positions · $2,975,075,746 total · filing declares 24 positions · $2,974,961,210 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
EGO	Eldorado Gold Corp Basic Materials	Added	14,417,557	+3,977,224	$448,241,847	+25.1%	8	$24.59	15.07%
NXE	NexGen Energy Ltd. Energy	Reduced	34,992,263	-228,546	$328,577,349	−19.6%	21	$5.98	11.04%
AMCR	Amcor plc Consumer Cyclical	Added	6,710,648	+2,310,434	$290,906,590	+66.3%	2	unpriced	9.78%
EQX	Equinox Gold Corp. Basic Materials	Added	27,055,865	+2,724,700	$262,983,007	−25.3%	7	$8.98	8.84%
CGAU	Centerra Gold Inc. Basic Materials	Added	16,337,154	+9,285,471	$259,107,262	+106.5%	2	$17.64	8.71%
TGB	Trekor Metals Ltd Basic Materials	Reduced	34,687,011	-423,578	$238,646,635	+5.4%	6	$3.11	8.02%
HBM	Hudbay Minerals Inc. Basic Materials	NEW	9,977,133	NEW	$235,560,110	NEW	1	$25.29	7.92%
BTG	B2gold Corp Basic Materials	NEW	48,837,914	NEW	$182,653,798	NEW	1	$4.59	6.14%
CRH	Crh Public Ltd Co Basic Materials	Reduced	1,264,527	-585,804	$135,304,389	−30.4%	2	$117.45	4.55%
OGC	OceanaGold Corp Basic Materials	NEW	3,157,907	NEW	$79,200,307	NEW	1	$30.02	2.66%
AVR	Anteris Technologies Global Corp. Healthcare	Held	7,789,000	0	$76,721,650	+77.5%	7	unpriced	2.58%
AA	Alcoa Corp Basic Materials	NEW	1,435,645	NEW	$74,854,530	NEW	1	$66.97	2.52%
HDB	Hdfc Bank Ltd Financial Services	Added	2,194,495	+925,605	$56,683,805	+79.5%	3	$29.67	1.91%
NWS	News Corp Communication Services	Reduced	1,995,900	-2,239,068	$56,004,954	−53.6%	4	$32.95	1.88%
BLDR	Builders FirstSource, Inc. Industrials	Added	600,269	+307,766	$53,712,070	+123.0%	2	$92.98	1.81%
AYA	Aya Gold & Silver Inc. Basic Materials	NEW	2,074,017	NEW	$39,281,881	NEW	1	$18.28	1.32%
NU	Nu Holdings Ltd. Financial Services	Added	2,634,319	+504,153	$35,194,501	+15.0%	2	$15.69	1.18%
ISOU	IsoEnergy Ltd. Energy	Added	2,778,857	+293,780	$27,705,204	+5.8%	3	$10.46	0.93%
IAG	Iamgold Corp Basic Materials	Added	1,512,374	+2,632	$23,956,004	−15.7%	5	$14.55	0.81%
FERG	Ferguson Enterprises Inc. Industrials	NEW	84,104	NEW	$19,960,402	NEW	1	$241.26	0.67%
Z	Zillow Group, Inc. Communication Services	Reduced	499,342	-769,986	$15,739,259	−70.0%	5	$72.39	0.53%
INTU	Intuit Inc. Technology	NEW	49,972	NEW	$13,042,692	NEW	1	$348.33	0.44%
LAR	Lithium Argentina AG Basic Materials	NEW	1,369,956	NEW	$11,329,536	NEW	1	$9.27	0.38%
SGML	Sigma Lithium Corp Basic Materials	NEW	767,428	NEW	$9,707,964	NEW	1	$16.82	0.33%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.