L1 Capital International Pty Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), L1 Capital International Pty Ltd reported 20 stock positions worth $224.8 million. Its top holding was Microsoft (MSFT) at 9.9% of the portfolio, followed by CRH (CRH, 7.9%) and Booking (BKNG, 7.7%). Compared with Q4 2023, it opened 3 new positions, sold out of 2, added to 13 and reduced 4. The biggest buy was a new position in Natural Resource Partners (NRP) and the biggest sale an exit from Graphic Packaging (GPK).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY NSW 2000, C3
- CIK
- 0002009023
- Portfolio Value
- $224.8M (Q1 2024)
- SEC Filing
- 0001085146-24-002613 ↗ filed May 15, 2024
Holdings Value
Holdings 20 stocks · $224.8M
| MSFT Microsoft Corp. | 9.92% | 52,530 | $22.3M | Add +2.7% |
| CRH CRH PLC | 7.86% | 208,273 | $17.7M | Add +2.7% |
| BKNG Booking Holdings Inc. | 7.69% | 4,845 | $17.3M | Add +6.3% |
| AMZN Amazon.com Inc. | 7.20% | 89,396 | $16.2M | Add +17.0% |
| MA Mastercard Inc. Class A | 6.28% | 29,492 | $14.1M | Add +2.7% |
| NRP Natural Resource Partners LP | 6.18% | 150,000 | $13.9M | New |
| EXP Eagle Materials Inc. | 6.17% | 51,426 | $13.9M | Reduce -2.8% |
| HCA HCA Healthcare Inc. | 6.01% | 40,903 | $13.5M | Add +7.6% |
| UNH Unitedhealth Group Inc. | 5.90% | 27,084 | $13.3M | Add +29.6% |
| ICE Intercontinental Exchange Inc. | 5.74% | 94,216 | $12.9M | Add +108.4% |
| V Visa Inc. Class A | 4.76% | 38,412 | $10.7M | Add +2.7% |
| MRSH Marsh & McLennan Cos | 4.61% | 50,827 | $10.4M | Add +8.9% |
| CCEP Coca-Cola Europacific Partne | 3.72% | 120,740 | $8.4M | Add +2.7% |
| GOOG Alphabet Inc. Class C | 3.68% | 52,805 | $8.3M | Add +2.7% |
| WCC Wesco International Inc. | 3.31% | 42,429 | $7.5M | New |
| AER Aercap Holdings NV | 2.67% | 70,000 | $6.0M | New |
| CDW CDW Corp. | 2.26% | 20,088 | $5.1M | Reduce -19.2% |
| DHR Danaher Corp. | 2.15% | 19,486 | $4.8M | Reduce -40.9% |
| INTU Intuit Inc. | 2.00% | 7,025 | $4.5M | Reduce -41.5% |
| CME Cme Group Inc. | 1.88% | 19,911 | $4.2M | Add +2.7% |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| NRP Natural Resource Partners LP | New | 6.18% | +6.18 |
| WCC Wesco International Inc. | New | 3.31% | +3.31 |
| ICE Intercontinental Exchange Inc. | Add +108.4% | 5.74% | +2.70 |
| AER Aercap Holdings NV | New | 2.67% | +2.67 |
| AMZN Amazon.com Inc. | Add +17.0% | 7.20% | +1.11 |
| HCA HCA Healthcare Inc. | Add +7.6% | 6.01% | +0.61 |
| CRH CRH PLC | Add +2.7% | 7.86% | +0.51 |
| UNH Unitedhealth Group Inc. | Add +29.6% | 5.90% | +0.13 |
| MRSH Marsh & McLennan Cos | Add +8.9% | 4.61% | −0.03 |
| GOOG Alphabet Inc. Class C | Add +2.7% | 3.68% | −0.12 |
| MA Mastercard Inc. Class A | Add +2.7% | 6.28% | −0.14 |
| MSFT Microsoft Corp. | Add +2.7% | 9.92% | −0.16 |
| CME Cme Group Inc. | Add +2.7% | 1.88% | −0.26 |
| V Visa Inc. Class A | Add +2.7% | 4.76% | −0.35 |
| CCEP Coca-Cola Europacific Partne | Add +2.7% | 3.72% | −0.39 |
| BKNG Booking Holdings Inc. | Add +6.3% | 7.69% | −0.78 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $1.7B | AER, AMZN, NVDA, CRH, V |
| Q1 2026 | 23 | $1.7B | AER, AMZN, MSFT, CRH, MA |
| Q4 2025 | 21 | $1.9B | AER, AMZN, MSFT, CRH, BKNG |
| Q3 2025 | 19 | $479.1M | TSM, MSFT, AER, AMZN, CRH |
| Q2 2025 | 19 | $407.5M | MSFT, AER, AMZN, CRH, TSM |
| Q1 2025 | 19 | $363.4M | HCA, AER, MSFT, AMZN, V |
| Q4 2024 | 18 | $325.5M | MSFT, AMZN, AER, HCA, CRH |
| Q3 2024 | 19 | $312.6M | MSFT, BKNG, AMZN, CRH, HCA |
| Q2 2024 | 19 | $249.8M | MSFT, AMZN, BKNG, CRH, UNH |
| Q1 2024 | 20 | $224.8M | MSFT, CRH, BKNG, AMZN, MA |