L1 Capital International Pty Ltd
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), L1 Capital International Pty Ltd reported 19 stock positions worth $479.1 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 15.7% of the portfolio, followed by Microsoft (MSFT, 8.8%) and Aercap (AER, 8.7%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 15 and reduced 3. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +405%) and the biggest sale an exit from Eagle Materials (EXP).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY NSW 2000, C3
- CIK
- 0002009023
- Portfolio Value
- $479.1M (Q3 2025)
- SEC Filing
- 0002009023-25-000002 ↗ filed Nov 14, 2025
Holdings Value
Holdings 19 stocks · $479.1M
| TSM Taiwan Semiconductor-SP ADR | 15.71% | 269,544 | $75.3M | Add +405.0% |
| MSFT Microsoft Corp. | 8.77% | 81,108 | $42.0M | Add +1.9% |
| AER Aercap Holdings NV | 8.68% | 343,838 | $41.6M | Add +1.9% |
| AMZN Amazon.com Inc. | 7.54% | 164,632 | $36.1M | Add +1.9% |
| CRH CRH PLC | 6.73% | 269,106 | $32.3M | Add +1.9% |
| BKNG Booking Holdings Inc. | 5.71% | 5,068 | $27.4M | Add +1.9% |
| MA Mastercard Inc. Class A | 5.01% | 42,173 | $24.0M | Add +1.9% |
| V Visa Inc. Class A | 4.97% | 69,763 | $23.8M | Add +1.9% |
| ICE Intercontinental Exchange Inc. | 4.92% | 140,001 | $23.6M | Add +1.9% |
| J Jacobs Solutions Inc. | 4.88% | 156,055 | $23.4M | Add +1.9% |
| INTU Intuit Inc. | 4.49% | 31,476 | $21.5M | Add +44.8% |
| DHR Danaher Corp. | 4.09% | 98,938 | $19.6M | Add +105.0% |
| MRSH Marsh & McLennan Cos | 3.32% | 78,829 | $15.9M | Add +1.9% |
| UBER Uber Technologies Inc. | 2.97% | 145,127 | $14.2M | Add +181.3% |
| NVDA Nvidia Corp. | 2.93% | 75,263 | $14.0M | New |
| HCA HCA Healthcare Inc. | 2.92% | 32,799 | $14.0M | Reduce -35.9% |
| GOOG Alphabet Inc. Class C | 2.44% | 47,943 | $11.7M | Reduce -4.6% |
| CDW CDW Corp. | 2.00% | 60,197 | $9.6M | Add +32.7% |
| AXP American Express Co. | 1.91% | 27,585 | $9.2M | Reduce -32.0% |
Portfolio Sells Q2 2025 → Q3 2025
Portfolio Buys Q2 2025 → Q3 2025
| TSM Taiwan Semiconductor-SP ADR | Add +405.0% | 15.71% | +8.99 |
| NVDA Nvidia Corp. | New | 2.93% | +2.93 |
| UBER Uber Technologies Inc. | Add +181.3% | 2.97% | +1.83 |
| DHR Danaher Corp. | Add +105.0% | 4.09% | +1.72 |
| INTU Intuit Inc. | Add +44.8% | 4.49% | +0.49 |
| CDW CDW Corp. | Add +32.7% | 2.00% | +0.19 |
| CRH CRH PLC | Add +1.9% | 6.73% | −0.35 |
| AER Aercap Holdings NV | Add +1.9% | 8.68% | −0.44 |
| MRSH Marsh & McLennan Cos | Add +1.9% | 3.32% | −0.55 |
| J Jacobs Solutions Inc. | Add +1.9% | 4.88% | −0.69 |
| V Visa Inc. Class A | Add +1.9% | 4.97% | −0.69 |
| MA Mastercard Inc. Class A | Add +1.9% | 5.01% | −0.82 |
| BKNG Booking Holdings Inc. | Add +1.9% | 5.71% | −0.88 |
| AMZN Amazon.com Inc. | Add +1.9% | 7.54% | −1.28 |
| ICE Intercontinental Exchange Inc. | Add +1.9% | 4.92% | −1.36 |
| MSFT Microsoft Corp. | Add +1.9% | 8.77% | −1.43 |
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 |