L1 Capital Pty Ltd

CIK

1817646

Location

MELBOURNE VIC 3000, C3

Portfolio Value

Mid $2,330,541,358

Diversification

Diversified

Filing Date

Global Rank

#1,100 / 8,623 ▲ 248 · as of Mar 2026

Top Industry

Gold 37.1%

3Y Alpha vs SPY

+19.7%

Period ended 4 months ago

Filed May 15, 2026 · 3mo

24 quarters · since Jun 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+164.7%

SPY

+67.9%

Annualised alpha

+19.5%

Max drawdown

−24.0%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

19 tracked 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	Trekor Metals 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 tracked positions · $2,330,541,358 total · filing declares 22 positions · $2,546,511,780 · 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	Trekor Metals 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%

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.