L1 Capital International Pty Ltd
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), L1 Capital International Pty Ltd reported 19 stock positions worth $407.5 million. Its top holding was Microsoft (MSFT) at 10.2% of the portfolio, followed by Aercap (AER, 9.1%) and Amazon.com (AMZN, 8.8%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 16 and reduced 2. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +17%) and the biggest sale HCA Healthcare (HCA, shares −47%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY NSW 2000, C3
- CIK
- 0002009023
- Portfolio Value
- $407.5M (Q2 2025)
- SEC Filing
- 0001085146-25-005263 ↗ filed Aug 14, 2025
Holdings Value
Holdings 19 stocks · $407.5M
| MSFT Microsoft Corp. | 10.19% | 79,583 | $41.5M | Add +0.6% |
| AER Aercap Holdings NV | 9.13% | 337,375 | $37.2M | Add +4.5% |
| AMZN Amazon.com Inc. | 8.83% | 161,538 | $36.0M | Add +7.8% |
| CRH CRH PLC | 7.08% | 264,048 | $28.9M | Add +0.6% |
| TSM Taiwan Semiconductor-SP ADR | 6.73% | 53,371 | $27.4M | Add +16.9% |
| BKNG Booking Holdings Inc. | 6.60% | 4,972 | $26.9M | Add +0.6% |
| ICE Intercontinental Exchange Inc. | 6.28% | 137,369 | $25.6M | Add +4.5% |
| MA Mastercard Inc. Class A | 5.83% | 41,381 | $23.8M | Add +0.6% |
| V Visa Inc. Class A | 5.66% | 68,452 | $23.1M | Add +0.6% |
| J Jacobs Solutions Inc. | 5.57% | 153,121 | $22.7M | Add +20.5% |
| HCA HCA Healthcare Inc. | 4.79% | 51,179 | $19.5M | Reduce -47.2% |
| EXP Eagle Materials Inc. | 4.68% | 84,795 | $19.1M | Add +0.6% |
| INTU Intuit Inc. | 3.99% | 21,733 | $16.3M | Add +6.9% |
| MRSH Marsh & McLennan Cos | 3.87% | 77,347 | $15.8M | Add +0.6% |
| AXP American Express Co. | 2.96% | 40,593 | $12.1M | Add +23.2% |
| GOOG Alphabet Inc. Class C | 2.49% | 50,233 | $10.2M | Reduce -31.5% |
| DHR Danaher Corp. | 2.37% | 48,254 | $9.7M | Add +26.2% |
| CDW CDW Corp. | 1.81% | 45,352 | $7.4M | Add +0.6% |
| UBER Uber Technologies Inc. | 1.13% | 51,582 | $4.6M | New |
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
| TSM Taiwan Semiconductor-SP ADR | Add +16.9% | 6.73% | +4.64 |
| MSFT Microsoft Corp. | Add +0.6% | 10.19% | +2.02 |
| J Jacobs Solutions Inc. | Add +20.5% | 5.57% | +1.34 |
| UBER Uber Technologies Inc. | New | 1.13% | +1.13 |
| AMZN Amazon.com Inc. | Add +7.8% | 8.83% | +0.98 |
| CRH CRH PLC | Add +0.6% | 7.08% | +0.73 |
| INTU Intuit Inc. | Add +6.9% | 3.99% | +0.56 |
| AXP American Express Co. | Add +23.2% | 2.96% | +0.52 |
| BKNG Booking Holdings Inc. | Add +0.6% | 6.60% | +0.33 |
| DHR Danaher Corp. | Add +26.2% | 2.37% | +0.22 |
| AER Aercap Holdings NV | Add +4.5% | 9.13% | +0.05 |
| ICE Intercontinental Exchange Inc. | Add +4.5% | 6.28% | +0.04 |
| CDW CDW Corp. | Add +0.6% | 1.81% | −0.17 |
| MA Mastercard Inc. Class A | Add +0.6% | 5.83% | −0.37 |
| EXP Eagle Materials Inc. | Add +0.6% | 4.68% | −0.46 |
| V Visa Inc. Class A | Add +0.6% | 5.66% | −0.90 |
| MRSH Marsh & McLennan Cos | Add +0.6% | 3.87% | −1.30 |
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 |