L1 Capital International Pty Ltd

CIK

2009023

Location

SYDNEY NSW 2000, C3

Portfolio Value

Mid $1,662,538,361

Diversification

Diversified

Filing Date

Global Rank

#1,104 / 8,232 ▲ 3

Top Industry

Credit Services 14.4%

3Y Alpha vs SPY

-12.9%

Period ended 2 months ago

Filed May 15, 2026 · 30d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

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

Cloned portfolio

+17.2%

SPY

+52.9%

Annualised alpha

-12.9%

Max drawdown

−15.1%

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

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

Top Position

11.1%

−0.4 pts

Top 5

41.4%

−2.1 pts

Top 10

69.2%

−1.5 pts

HHI

606

Diversified−32

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	25.7%	$426,736,937	6
Technology	25.3%	$420,602,795	7
Industrials	18.3%	$304,218,133	3
Consumer Cyclical	15.3%	$254,424,355	2
Basic Materials	7.4%	$122,728,651	1
Healthcare	5.6%	$92,943,647	2
Communication Services	2.5%	$40,883,843	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
CDW	CDW Corp	+128,882	410,954	$49,733,653
V	Visa Inc.	+10,672	330,356	$99,846,797
MA	Mastercard Inc	+8,735	202,344	$101,103,203
INTU	Intuit Inc.	+7,903	154,361	$66,742,609
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+2,541	45,870	$15,501,766
CRM	Salesforce, Inc.	+2,492	258,225	$48,202,860
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
AER	AerCap Holdings N.V.	−182,462	1,344,992	$184,506,002
GOOGL	Alphabet Inc.	−66,113	142,175	$40,883,843
HCA	HCA Healthcare, Inc.	−54,220	37,767	$17,872,855
ICE	Intercontinental Exchange, Inc.	−40,561	616,718	$96,997,407
CRH	Crh Public Ltd Co	−15,502	1,167,510	$122,728,651
AMZN	Amazon Com Inc	−9,900	743,467	$154,841,872
UBER	Uber Technologies, Inc	−9,462	656,456	$47,218,880
J	Jacobs Solutions Inc.	−9,262	714,271	$90,912,412
MRSH	Marsh & Mclennan Companies, Inc.	−4,633	352,836	$61,199,404
MSFT	Microsoft Corp	−4,410	337,991	$125,114,128
DHR	Danaher Corp /De/	−4,303	395,943	$75,070,792
NVDA	Nvidia Corp	−3,180	390,418	$68,088,899
AXP	American Express Co	−2,473	126,402	$38,234,076
BKNG	Booking Holdings Inc.	−13	23,652	$99,582,483
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
APO	Apollo Global Management, Inc.	263,472	$29,356,050
TTEK	Tetra Tech Inc	956,166	$28,799,719
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

22 positions · $1,662,538,361 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AER	AerCap Holdings N.V. Industrials	Reduced	1,344,992	-182,462	$184,506,002	−16.0%	11.10%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	743,467	-9,900	$154,841,872	−11.0%	9.31%
MSFT	Microsoft Corp Technology	Reduced	337,991	-4,410	$125,114,128	−24.4%	7.53%
CRH	Crh Public Ltd Co Basic Materials	Reduced	1,167,510	-15,502	$122,728,651	−16.9%	7.38%
MA	Mastercard Inc Financial Services	Added	202,344	+8,735	$101,103,203	−8.5%	6.08%
V	Visa Inc. Financial Services	Added	330,356	+10,672	$99,846,797	−10.9%	6.01%
BKNG	Booking Holdings Inc. Consumer Cyclical	Reduced	23,652	-13	$99,582,483	−21.4%	5.99%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	616,718	-40,561	$96,997,407	−8.9%	5.83%
J	Jacobs Solutions Inc. Industrials	Reduced	714,271	-9,262	$90,912,412	−5.1%	5.47%
DHR	Danaher Corp /De/ Healthcare	Reduced	395,943	-4,303	$75,070,792	−18.1%	4.52%
NVDA	Nvidia Corp Technology	Reduced	390,418	-3,180	$68,088,899	−7.2%	4.10%
INTU	Intuit Inc. Technology	Added	154,361	+7,903	$66,742,609	−31.2%	4.01%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	352,836	-4,633	$61,199,404	−7.7%	3.68%
CDW	CDW Corp Technology	Added	410,954	+128,882	$49,733,653	+29.5%	2.99%
CRM	Salesforce, Inc. Technology	Added	258,225	+2,492	$48,202,860	−28.8%	2.90%
UBER	Uber Technologies, Inc Technology	Reduced	656,456	-9,462	$47,218,880	−13.2%	2.84%
GOOGL	Alphabet Inc. Communication Services	Reduced	142,175	-66,113	$40,883,843	−37.3%	2.46%
AXP	American Express Co Financial Services	Reduced	126,402	-2,473	$38,234,076	−19.8%	2.30%
APO	Apollo Global Management, Inc. Financial Services	NEW	263,472	NEW	$29,356,050	NEW	1.77%
TTEK	Tetra Tech Inc Industrials	NEW	956,166	NEW	$28,799,719	NEW	1.73%
HCA	HCA Healthcare, Inc. Healthcare	Reduced	37,767	-54,220	$17,872,855	−58.4%	1.08%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	45,870	+2,541	$15,501,766	+17.7%	0.93%