L1 Capital Pty Ltd

CIK

1817646

Location

MELBOURNE VIC 3000, C3

Portfolio Value

Mid $2,330,541,358

Diversification

Diversified

Filing Date

Global Rank

#901 / 8,232 ▲ 287

Top Industry

Gold 37.1%

3Y Alpha vs SPY

+22.4%

Period ended 2 months ago

Filed May 15, 2026 · 30d

24 quarters · since Jun 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+194.4%

SPY

+76.3%

Annualised alpha

+22.5%

Max drawdown

−23.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

19 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

17.5%

−3.2 pts

Top 5

66.1%

−8.7 pts

Top 10

90.3%

−0.9 pts

HHI

1,099

Diversified−226

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Basic Materials	59.0%	$1,375,440,364	9
Energy	18.7%	$434,754,095	2
Consumer Cyclical	16.8%	$390,855,710	4
Financial Services	2.7%	$62,180,468	2
Healthcare	1.9%	$43,228,950	1
Industrials	1.0%	$24,081,771	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

9 positions

Ticker	Company	Δ Shares	Shares	Value
AVR	Anteris Technologies Global Corp.	+4,977,000	7,789,000	$43,228,950
EQX	Equinox Gold Corp.	+4,166,609	24,331,165	$351,828,645
ISOU	IsoEnergy Ltd.	+1,738,489	2,485,077	$26,192,711
FLUT	Flutter Entertainment plc	+1,630,404	1,769,255	$180,375,547
NXE	NexGen Energy Ltd.	+1,578,128	35,220,809	$408,561,384
EGO	Eldorado Gold Corp /Fi	+799,926	10,440,333	$358,416,631
HDB	Hdfc Bank Ltd	+765,409	1,268,890	$31,569,983
IAG	Iamgold Corp	+257,665	1,509,742	$28,413,344
EXP	Eagle Materials Inc	+94,395	214,538	$40,644,224
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
SLSR	Solaris Resources Inc.	−1,261,997	1,967,387	$16,880,180
TGB	Taseko Mines Ltd	−435,043	35,110,589	$226,463,299
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
CRH	Crh Public Ltd Co	1,850,331	$194,506,794
AMCR	Amcor plc	4,400,214	$174,908,506
CGAU	Centerra Gold Inc.	7,051,683	$125,449,440
TECK	Teck Resources Ltd	634,547	$32,837,807
NU	Nu Holdings Ltd.	2,130,166	$30,610,485
BLDR	Builders FirstSource, Inc.	292,503	$24,081,771
CCL	Carnival Corp Ltd.	715,980	$18,529,562
NCLH	Norwegian Cruise Line Holdings Ltd.	911,342	$17,042,095
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
ICE	Intercontinental Exchange, Inc.	679,203	$110,003,717
CVE	Cenovus Energy Inc.	5,655,769	$95,695,611
AA	Alcoa Corp	1,545,476	$82,126,594
AAUC	Allied Gold Corp	1,476,184	$33,775,089
NUE	Nucor Corp	203,632	$33,214,415
JD	JD.com, Inc.	730,264	$20,958,576
AMRZ	Amrize Ltd	305,255	$16,508,190
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

19 positions · $2,330,541,358 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Healthcare Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
NXE	NexGen Energy Ltd. Energy	Added	35,220,809	+1,578,128	$408,561,384	+32.0%	17.53%
EGO	Eldorado Gold Corp /Fi Basic Materials	Added	10,440,333	+799,926	$358,416,631	+3.5%	15.38%
EQX	Equinox Gold Corp. Basic Materials	Added	24,331,165	+4,166,609	$351,828,645	+24.3%	15.10%
TGB	Taseko Mines Ltd Basic Materials	Reduced	35,110,589	-435,043	$226,463,299	+12.6%	9.72%
CRH	Crh Public Ltd Co Basic Materials	NEW	1,850,331	NEW	$194,506,794	NEW	8.35%
FLUT	Flutter Entertainment plc Consumer Cyclical	Added	1,769,255	+1,630,404	$180,375,547	+504.1%	7.74%
AMCR	Amcor plc Consumer Cyclical	NEW	4,400,214	NEW	$174,908,506	NEW	7.51%
CGAU	Centerra Gold Inc. Basic Materials	NEW	7,051,683	NEW	$125,449,440	NEW	5.38%
AVR	Anteris Technologies Global Corp. Healthcare	Added	7,789,000	+4,977,000	$43,228,950	+208.1%	1.85%
EXP	Eagle Materials Inc Basic Materials	Added	214,538	+94,395	$40,644,224	+63.7%	1.74%
TECK	Teck Resources Ltd Basic Materials	NEW	634,547	NEW	$32,837,807	NEW	1.41%
HDB	Hdfc Bank Ltd Financial Services	Added	1,268,890	+765,409	$31,569,983	+71.6%	1.35%
NU	Nu Holdings Ltd. Financial Services	NEW	2,130,166	NEW	$30,610,485	NEW	1.31%
IAG	Iamgold Corp Basic Materials	Added	1,509,742	+257,665	$28,413,344	+37.6%	1.22%
ISOU	IsoEnergy Ltd. Energy	Added	2,485,077	+1,738,489	$26,192,711	+285.5%	1.12%
BLDR	Builders FirstSource, Inc. Industrials	NEW	292,503	NEW	$24,081,771	NEW	1.03%
CCL	Carnival Corp Ltd. Consumer Cyclical	NEW	715,980	NEW	$18,529,562	NEW	0.80%
NCLH	Norwegian Cruise Line Holdings Ltd. Consumer Cyclical	NEW	911,342	NEW	$17,042,095	NEW	0.73%
SLSR	Solaris Resources Inc. Basic Materials	Reduced	1,967,387	-1,261,997	$16,880,180	−34.4%	0.72%