L1 Capital Pty Ltd
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), L1 Capital Pty Ltd reported 14 stock positions worth $1.2 billion. Its top holding was Nexgen Energy (NXE) at 22.2% of the portfolio, followed by Hudbay Minerals (HBM, 10.0%) and Eldorado Gold (EGO, 9.1%). Compared with Q3 2024, it opened 5 new positions, sold out of 2, added to 1 and reduced 8. The biggest buy was a new position in Graphic Packaging (GPK) and the biggest sale Hudbay Minerals (HBM, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE VIC 3000, C3
- CIK
- 0001817646
- Portfolio Value
- $1.2B (Q4 2024)
- SEC Filing
- 0001085146-25-001660 ↗ filed Feb 14, 2025
Holdings Value
Holdings 14 stocks · $1.2B
| NXE Nexgen Energy Ltd. | 22.23% | 27,418,450 | $259.9M | Reduce -10.8% |
| HBM Hudbay Minerals Inc. | 9.99% | 10,012,606 | $116.7M | Reduce -26.6% |
| EGO Eldorado Gold Corp. | 9.10% | 7,152,907 | $106.4M | Add +19.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 8.88% | 2,381,630 | $103.8M | Reduce -6.0% |
| CVE Cenovus Energy Inc. | 8.64% | 6,669,518 | $101.0M | Reduce -10.1% |
| NWG Natwest Group PLC -Spon ADR | 7.61% | 22,133,598 | $89.0M | Reduce -18.8% |
| CRH CRH PLC | 6.87% | 868,375 | $80.3M | Reduce -37.4% |
| GPK Graphic Packaging Holding Co. | 6.26% | 2,696,025 | $73.2M | New |
| FLUT Flutter Entertainment PLC-Di | 5.44% | 307,132 | $63.6M | Reduce -42.2% |
| BCS Barclays PLC-Spons ADR | 5.19% | 22,621,299 | $60.7M | New |
| LYG Lloyds Banking Group PLC-ADR | 4.39% | 93,653,671 | $51.3M | New |
| EQX Equinox Gold Corp. | 2.21% | 5,137,709 | $25.8M | New |
| SLSR Solaris Resources Inc. | 1.86% | 4,887,811 | $21.8M | Reduce -0.4% |
| AVR Anteris Technologies Global | 1.33% | 2,788,683 | $15.6M | New |
Portfolio Sells Q3 2024 → Q4 2024
| HBM Hudbay Minerals Inc. | Reduce -26.6% | 9.99% | −4.61 |
| CRH CRH PLC | Reduce -37.4% | 6.87% | −4.20 |
| FLUT Flutter Entertainment PLC-Di | Reduce -42.2% | 5.44% | −2.60 |
| VRN Veren Inc. | Sold out | 0.00% | −2.38 |
| CVE Cenovus Energy Inc. | Reduce -10.1% | 8.64% | −2.03 |
| MT Arcelormittal-NY Registered | Sold out | 0.00% | −1.57 |
| NXE Nexgen Energy Ltd. | Reduce -10.8% | 22.23% | −1.08 |
| RYAAY Ryanair Holdings PLC-SP ADR | Reduce -6.0% | 8.88% | −0.96 |
| NWG Natwest Group PLC -Spon ADR | Reduce -18.8% | 7.61% | −0.46 |
| SLSR Solaris Resources Inc. | Reduce -0.4% | 1.86% | +0.39 |
Portfolio Buys Q3 2024 → Q4 2024
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 |