L1 Capital Pty Ltd
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), L1 Capital Pty Ltd reported 14 stock positions worth $1.1 billion. Its top holding was Eldorado Gold (EGO) at 13.7% of the portfolio, followed by Nexgen Energy (NXE, 12.8%) and Cenovus Energy (CVE, 10.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 9 and reduced 2. The biggest buy was a new position in Alcoa (AA) and the biggest sale an exit from Natwest Group PLC -Spon ADR (NWG).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE VIC 3000, C3
- CIK
- 0001817646
- Portfolio Value
- $1.1B (Q1 2025)
- SEC Filing
- 0001085146-25-003358 ↗ filed May 15, 2025
Holdings Value
Holdings 14 stocks · $1.1B
| EGO Eldorado Gold Corp. | 13.74% | 8,774,080 | $147.6M | Add +22.7% |
| NXE Nexgen Energy Ltd. | 12.79% | 30,644,505 | $137.4M | Add +11.8% |
| CVE Cenovus Energy Inc. | 10.64% | 8,214,366 | $114.3M | Add +23.2% |
| FLUT Flutter Entertainment PLC-Di | 10.20% | 494,603 | $109.6M | Add +61.0% |
| HBM Hudbay Minerals Inc. | 10.18% | 14,423,384 | $109.4M | Add +44.0% |
| CRH CRH PLC | 9.36% | 1,142,437 | $100.5M | Add +31.6% |
| RYAAY Ryanair Holdings PLC-SP ADR | 8.95% | 2,268,807 | $96.1M | Reduce -4.7% |
| EQX Equinox Gold Corp. | 6.95% | 10,848,019 | $74.6M | Add +111.2% |
| AA Alcoa Corp. | 4.91% | 1,727,044 | $52.7M | New |
| HCC Warrior Met Coal Inc. | 3.19% | 718,309 | $34.3M | New |
| TASEKO MINES LTD | 2.63% | 12,608,621 | $28.2M | New |
| GPK Graphic Packaging Holding Co. | 2.56% | 1,060,541 | $27.5M | Reduce -60.7% |
| AVR Anteris Technologies Global | 2.33% | 6,886,480 | $25.1M | Add +146.9% |
| SLSR Solaris Resources Inc. | 1.54% | 4,929,623 | $16.6M | Add +0.9% |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| AA Alcoa Corp. | New | 4.91% | +4.91 |
| FLUT Flutter Entertainment PLC-Di | Add +61.0% | 10.20% | +4.76 |
| EQX Equinox Gold Corp. | Add +111.2% | 6.95% | +4.74 |
| EGO Eldorado Gold Corp. | Add +22.7% | 13.74% | +4.65 |
| HCC Warrior Met Coal Inc. | New | 3.19% | +3.19 |
| TASEKO MINES LTD | New | 2.63% | +2.63 |
| CRH CRH PLC | Add +31.6% | 9.36% | +2.49 |
| CVE Cenovus Energy Inc. | Add +23.2% | 10.64% | +2.00 |
| AVR Anteris Technologies Global | Add +146.9% | 2.33% | +1.00 |
| HBM Hudbay Minerals Inc. | Add +44.0% | 10.18% | +0.20 |
| SLSR Solaris Resources Inc. | Add +0.9% | 1.54% | −0.32 |
| NXE Nexgen Energy Ltd. | Add +11.8% | 12.79% | −9.44 |
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 |