L1 Capital Pty Ltd
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), L1 Capital Pty Ltd reported 10 stock positions worth $1.2 billion. Its top holding was Nexgen Energy (NXE) at 20.9% of the portfolio, followed by Cenovus Energy (CVE, 16.0%) and Hudbay Minerals (HBM, 12.4%). Compared with Q4 2023, it opened 4 new positions, sold out of 6, added to 3 and reduced 3. The biggest buy was a new position in Taiwan Semiconductor-SP ADR (TSM) and the biggest sale an exit from Warrior Met Coal (HCC).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE VIC 3000, C3
- CIK
- 0001817646
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001085146-24-002612 ↗ filed May 15, 2024
Holdings Value
Holdings 10 stocks · $1.2B
| NXE Nexgen Energy Ltd. | 20.86% | 24,083,310 | $251.2M | Add +6.3% |
| CVE Cenovus Energy Inc. | 16.00% | 9,711,880 | $192.7M | Add +27.8% |
| HBM Hudbay Minerals Inc. | 12.38% | 15,890,464 | $149.1M | Reduce -6.2% |
| TECK Teck Resources Ltd.-CLS B | 11.12% | 3,050,078 | $134.0M | Add +2.5% |
| CRH CRH PLC | 10.19% | 1,426,155 | $122.7M | Reduce -29.3% |
| TSM Taiwan Semiconductor-SP ADR | 7.38% | 650,273 | $88.9M | New |
| FLUT Flutter Entertainment PLC-Di | 6.22% | 477,477 | $74.8M | New |
| AA Alcoa Corp. | 6.03% | 2,187,849 | $72.7M | New |
| GPK Graphic Packaging Holding Co. | 4.94% | 2,044,002 | $59.5M | Reduce -29.9% |
| WCC Wesco International Inc. | 4.88% | 344,281 | $58.8M | New |
Portfolio Sells Q4 2023 → Q1 2024
| HCC Warrior Met Coal Inc. | Sold out | 0.00% | −7.64 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −4.61 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −4.50 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −4.42 |
| SU Suncor Energy Inc. | Sold out | 0.00% | −3.15 |
| CRH CRH PLC | Reduce -29.3% | 10.19% | −2.91 |
| GPK Graphic Packaging Holding Co. | Reduce -29.9% | 4.94% | −1.80 |
| MDGL Madrigal Pharmaceuticals Inc. | Sold out | 0.00% | −1.09 |
| HBM Hudbay Minerals Inc. | Reduce -6.2% | 12.38% | +0.77 |
Portfolio Buys Q4 2023 → Q1 2024
| TSM Taiwan Semiconductor-SP ADR | New | 7.38% | +7.38 |
| FLUT Flutter Entertainment PLC-Di | New | 6.22% | +6.22 |
| AA Alcoa Corp. | New | 6.03% | +6.03 |
| WCC Wesco International Inc. | New | 4.88% | +4.88 |
| CVE Cenovus Energy Inc. | Add +27.8% | 16.00% | +4.13 |
| NXE Nexgen Energy Ltd. | Add +6.3% | 20.86% | +1.38 |
| TECK Teck Resources Ltd.-CLS B | Add +2.5% | 11.12% | −0.68 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $3.0B | EGO, NXE, AMCR, EQX, CGAU |
| Q1 2026 | 22 | $2.5B | NXE, EGO, EQX, TASEKO MINES LTD, CRH |
| Q4 2025 | 20 | $1.9B | EGO, NXE, EQX, TASEKO MINES LTD, NWS |
| Q3 2025 | 19 | $1.6B | NXE, AA, EQX, EGO, HBM |
| Q2 2025Amended | 30 | $1.7B | NXE, HBM, EGO, AA, EQX |
| Q1 2025 | 14 | $1.1B | EGO, NXE, CVE, FLUT, HBM |
| Q4 2024 | 14 | $1.2B | NXE, HBM, EGO, RYAAY, CVE |
| Q3 2024 | 11 | $1.2B | NXE, HBM, CRH, CVE, RYAAY |
| Q2 2024 | 8 | $1.0B | NXE, CVE, HBM, CRH, FLUT |
| Q1 2024 | 10 | $1.2B | NXE, CVE, HBM, TECK, CRH |