L1 Capital International Pty Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), L1 Capital International Pty Ltd reported 19 stock positions worth $363.4 million. Its top holding was HCA Healthcare (HCA) at 9.2% of the portfolio, followed by Aercap (AER, 9.1%) and Microsoft (MSFT, 8.2%). Compared with Q4 2024, it opened 3 new positions, sold out of 2, added to 14 and reduced 2. The biggest buy was a new position in Eagle Materials (EXP) and the biggest sale an exit from Coca-Cola Europacific Partne (CCEP).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY NSW 2000, C3
- CIK
- 0002009023
- Portfolio Value
- $363.4M (Q1 2025)
- SEC Filing
- 0001085146-25-003342 ↗ filed May 15, 2025
Holdings Value
Holdings 19 stocks · $363.4M
| HCA HCA Healthcare Inc. | 9.22% | 97,012 | $33.5M | Add +9.8% |
| AER Aercap Holdings NV | 9.08% | 322,882 | $33.0M | Add +10.0% |
| MSFT Microsoft Corp. | 8.17% | 79,091 | $29.7M | Add +3.0% |
| AMZN Amazon.com Inc. | 7.84% | 149,816 | $28.5M | Add +3.0% |
| V Visa Inc. Class A | 6.56% | 68,029 | $23.8M | Add +3.0% |
| CRH CRH PLC | 6.35% | 262,417 | $23.1M | Reduce -7.0% |
| BKNG Booking Holdings Inc. | 6.26% | 4,942 | $22.8M | Add +12.6% |
| ICE Intercontinental Exchange Inc. | 6.24% | 131,510 | $22.7M | Add +3.1% |
| MA Mastercard Inc. Class A | 6.20% | 41,125 | $22.5M | Add +3.0% |
| MRSH Marsh & McLennan Cos | 5.16% | 76,869 | $18.8M | Add +3.0% |
| EXP Eagle Materials Inc. | 5.15% | 84,271 | $18.7M | New |
| UNH Unitedhealth Group Inc. | 4.27% | 29,659 | $15.5M | Add +2.5% |
| J Jacobs Solutions Inc. | 4.23% | 127,033 | $15.4M | Add +40.9% |
| INTU Intuit Inc. | 3.43% | 20,325 | $12.5M | Add +35.2% |
| GOOG Alphabet Inc. Class C | 3.15% | 73,339 | $11.5M | Reduce -17.1% |
| AXP American Express Co. | 2.44% | 32,950 | $8.9M | Add +27.0% |
| DHR Danaher Corp. | 2.16% | 38,240 | $7.8M | New |
| TSM Taiwan Semiconductor-SP ADR | 2.09% | 45,652 | $7.6M | New |
| CDW CDW Corp. | 1.99% | 45,072 | $7.2M | Add +3.0% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| EXP Eagle Materials Inc. | New | 5.15% | +5.15 |
| DHR Danaher Corp. | New | 2.16% | +2.16 |
| TSM Taiwan Semiconductor-SP ADR | New | 2.09% | +2.09 |
| HCA HCA Healthcare Inc. | Add +9.8% | 9.22% | +1.08 |
| INTU Intuit Inc. | Add +35.2% | 3.43% | +0.53 |
| J Jacobs Solutions Inc. | Add +40.9% | 4.23% | +0.52 |
| AER Aercap Holdings NV | Add +10.0% | 9.08% | +0.45 |
| ICE Intercontinental Exchange Inc. | Add +3.1% | 6.24% | +0.40 |
| MRSH Marsh & McLennan Cos | Add +3.0% | 5.16% | +0.29 |
| V Visa Inc. Class A | Add +3.0% | 6.56% | +0.15 |
| AXP American Express Co. | Add +27.0% | 2.44% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +2.5% | 4.27% | −0.22 |
| MA Mastercard Inc. Class A | Add +3.0% | 6.20% | −0.26 |
| CDW CDW Corp. | Add +3.0% | 1.99% | −0.35 |
| BKNG Booking Holdings Inc. | Add +12.6% | 6.26% | −0.43 |
| MSFT Microsoft Corp. | Add +3.0% | 8.17% | −1.78 |
| AMZN Amazon.com Inc. | Add +3.0% | 7.84% | −1.96 |
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 |