L1 Capital International Pty Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), L1 Capital International Pty Ltd reported 23 stock positions worth $1.7 billion. Its top holding was Aercap (AER) at 11.0% of the portfolio, followed by Amazon.com (AMZN, 9.2%) and Microsoft (MSFT, 7.5%). Compared with Q4 2025, it opened 2 new positions, added to 6 and reduced 15. The biggest buy was a new position in Apollo Global Management (APO) and the biggest sale HCA Healthcare (HCA, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- SYDNEY NSW 2000, C3
- CIK
- 0002009023
- Portfolio Value
- $1.7B (Q1 2026)
- SEC Filing
- 0002009023-26-000003 ↗ filed May 15, 2026
Holdings Value
Holdings 23 stocks · $1.7B
| AER Aercap Holdings NV | 11.00% | 1,344,992 | $184.5M | Reduce -11.9% |
| AMZN Amazon.com Inc. | 9.23% | 743,467 | $154.8M | Reduce -1.3% |
| MSFT Microsoft Corp. | 7.46% | 337,991 | $125.1M | Reduce -1.3% |
| CRH CRH PLC | 7.32% | 1,167,510 | $122.7M | Reduce -1.3% |
| MA Mastercard Inc. Class A | 6.03% | 202,344 | $101.1M | Add +4.5% |
| V Visa Inc. Class A | 5.95% | 330,356 | $99.8M | Add +3.3% |
| BKNG Booking Holdings Inc. | 5.94% | 23,652 | $99.6M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 5.78% | 616,718 | $97.0M | Reduce -6.2% |
| J Jacobs Solutions Inc. | 5.42% | 714,271 | $90.9M | Reduce -1.3% |
| DHR Danaher Corp. | 4.47% | 395,943 | $75.1M | Reduce -1.1% |
| NVDA Nvidia Corp. | 4.06% | 390,418 | $68.1M | Reduce -0.8% |
| INTU Intuit Inc. | 3.98% | 154,361 | $66.7M | Add +5.4% |
| MRSH Marsh & McLennan Cos | 3.65% | 352,836 | $61.2M | Reduce -1.3% |
| CDW CDW Corp. | 2.96% | 410,954 | $49.7M | Add +45.7% |
| CRM Salesforce Inc. | 2.87% | 258,225 | $48.2M | Add +1.0% |
| UBER Uber Technologies Inc. | 2.81% | 656,456 | $47.2M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 2.44% | 142,175 | $40.9M | Reduce -31.7% |
| AXP American Express Co. | 2.28% | 126,402 | $38.2M | Reduce -1.9% |
| APO Apollo Global Management Inc. | 1.75% | 263,472 | $29.4M | New |
| TTEK Tetra Tech Inc. | 1.72% | 956,166 | $28.8M | New |
| HCA HCA Healthcare Inc. | 1.07% | 37,767 | $17.9M | Reduce -58.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.92% | 45,870 | $15.5M | Add +5.9% |
| GOOG Alphabet Inc. Class C | 0.91% | 52,944 | $15.2M | Reduce -9.6% |
Portfolio Sells Q4 2025 → Q1 2026
| HCA HCA Healthcare Inc. | Reduce -58.9% | 1.07% | −1.15 |
| MSFT Microsoft Corp. | Reduce -1.3% | 7.46% | −1.10 |
| GOOGL Alphabet Inc. Class A | Reduce -31.7% | 2.44% | −0.93 |
| BKNG Booking Holdings Inc. | Reduce -0.1% | 5.94% | −0.62 |
| AER Aercap Holdings NV | Reduce -11.9% | 11.00% | −0.35 |
| CRH CRH PLC | Reduce -1.3% | 7.32% | −0.32 |
| DHR Danaher Corp. | Reduce -1.1% | 4.47% | −0.26 |
| AXP American Express Co. | Reduce -1.9% | 2.28% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -9.6% | 0.91% | −0.04 |
| UBER Uber Technologies Inc. | Reduce -1.4% | 2.81% | +0.00 |
| MRSH Marsh & McLennan Cos | Reduce -1.3% | 3.65% | +0.22 |
| AMZN Amazon.com Inc. | Reduce -1.3% | 9.23% | +0.24 |
| NVDA Nvidia Corp. | Reduce -0.8% | 4.06% | +0.26 |
| ICE Intercontinental Exchange Inc. | Reduce -6.2% | 5.78% | +0.28 |
| J Jacobs Solutions Inc. | Reduce -1.3% | 5.42% | +0.47 |
Portfolio Buys Q4 2025 → Q1 2026
| APO Apollo Global Management Inc. | New | 1.75% | +1.75 |
| TTEK Tetra Tech Inc. | New | 1.72% | +1.72 |
| CDW CDW Corp. | Add +45.7% | 2.96% | +0.98 |
| MA Mastercard Inc. Class A | Add +4.5% | 6.03% | +0.31 |
| TSM Taiwan Semiconductor-SP ADR | Add +5.9% | 0.92% | +0.24 |
| V Visa Inc. Class A | Add +3.3% | 5.95% | +0.16 |
| CRM Salesforce Inc. | Add +1.0% | 2.87% | −0.63 |
| INTU Intuit Inc. | Add +5.4% | 3.98% | −1.04 |
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 |