L1 Capital International Pty Ltd
CIK
2009023
Location
SYDNEY NSW 2000, C3
Portfolio Value
Mid
$1,566,939,177
Diversification
Diversified
Filing Date
Global Rank
#1,360
/ 8,603
▼ 65
· as of Mar 2026
Top Industry
Credit Services
15.3%
3Y Alpha vs SPY
-11.2%
Period ended 3 months ago
Filed May 15, 2026 · 55d
10 quarters · since Dec 2023
Clone Performance
Feb 2024–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+27.7%
SPY
+53.6%
Annualised alpha
-8.9%
Max drawdown
−12.5%
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, 2025Top Position
11.8%
−0.5 pts
Top 5
43.9%
−1.7 pts
Top 10
71.4%
−2.1 pts
HHI
641
Diversified−36
Portfolio Trend
10 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 27.2% | $426,736,937 |
| Technology | 26.8% | $420,602,795 |
| Industrials | 19.4% | $304,218,133 |
| Consumer Cyclical | 10.1% | $158,825,171 |
| Basic Materials | 7.8% | $122,728,651 |
| Healthcare | 5.9% | $92,943,647 |
| Communication Services | 2.6% | $40,883,843 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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 | Open |
|---|---|---|---|---|---|
| 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 | $3,983,299 | |
| No positions match the current search. | |||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
22 positions ·
$1,566,939,177 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| AER |
AerCap Holdings N.V.
Industrials
|
Reduced | 1,344,992 | $184,506,002 | 11.77% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 743,467 | $154,841,872 | 9.88% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 337,991 | $125,114,128 | 7.98% | |
| CRH |
Crh Public Ltd Co
Basic Materials
|
Reduced | 1,167,510 | $122,728,651 | 7.83% | |
| MA |
Mastercard Inc
Financial Services
|
Added | 202,344 | $101,103,203 | 6.45% | |
| V |
Visa Inc.
Financial Services
|
Added | 330,356 | $99,846,797 | 6.37% | |
| ICE |
Intercontinental Exchange, Inc.
Financial Services
|
Reduced | 616,718 | $96,997,407 | 6.19% | |
| J |
Jacobs Solutions Inc.
Industrials
|
Reduced | 714,271 | $90,912,412 | 5.80% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 395,943 | $75,070,792 | 4.79% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 390,418 | $68,088,899 | 4.35% | |
| INTU |
Intuit Inc.
Technology
|
Added | 154,361 | $66,742,609 | 4.26% | |
| MRSH |
Marsh & Mclennan Companies, Inc.
Financial Services
|
Reduced | 352,836 | $61,199,404 | 3.91% | |
| CDW |
CDW Corp
Technology
|
Added | 410,954 | $49,733,653 | 3.17% | |
| CRM |
Salesforce, Inc.
Technology
|
Added | 258,225 | $48,202,860 | 3.08% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 656,456 | $47,218,880 | 3.01% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 142,175 | $40,883,843 | 2.61% | |
| AXP |
American Express Co
Financial Services
|
Reduced | 126,402 | $38,234,076 | 2.44% | |
| APO |
Apollo Global Management, Inc.
Financial Services
|
NEW | 263,472 | $29,356,050 | 1.87% | |
| TTEK |
Tetra Tech Inc
Industrials
|
NEW | 956,166 | $28,799,719 | 1.84% | |
| HCA |
HCA Healthcare, Inc.
Healthcare
|
Reduced | 37,767 | $17,872,855 | 1.14% | |
| TSM |
Taiwan Semiconductor Manufacturing Co Ltd
Technology
|
Added | 45,870 | $15,501,766 | 0.99% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Reduced | 23,652 | $3,983,299 | 0.25% |