L1 Capital Pty Ltd
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), L1 Capital Pty Ltd reported 22 stock positions worth $2.5 billion. Its top holding was Nexgen Energy (NXE) at 16.0% of the portfolio, followed by Eldorado Gold (EGO, 14.1%) and Equinox Gold (EQX, 13.8%). Compared with Q4 2025, it opened 9 new positions, sold out of 7, added to 9 and reduced 4. The biggest buy was a new position in CRH (CRH) and the biggest sale an exit from Intercontinental Exchange (ICE).
- Most Recent 13F
- Q2 2026
- Location
- MELBOURNE VIC 3000, C3
- CIK
- 0001817646
- Portfolio Value
- $2.5B (Q1 2026)
- SEC Filing
- 0001817646-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 22 stocks · $2.5B
| NXE Nexgen Energy Ltd. | 16.04% | 35,220,809 | $408.3M | Add +4.7% |
| EGO Eldorado Gold Corp. | 14.07% | 10,440,333 | $358.4M | Add +8.3% |
| EQX Equinox Gold Corp. | 13.82% | 24,331,165 | $351.8M | Add +20.7% |
| TASEKO MINES LTD | 8.89% | 35,110,589 | $226.5M | Reduce -1.2% |
| CRH CRH PLC | 7.64% | 1,850,331 | $194.5M | New |
| FLUT Flutter Entertainment PLC-Di | 7.08% | 1,769,255 | $180.4M | Add +1174.2% |
| AMCR Amcor PLC | 6.87% | 4,400,214 | $174.9M | New |
| CGAU Centerra Gold Inc. | 4.91% | 7,051,683 | $125.0M | New |
| NWS News Corp. Class B | 4.74% | 4,234,968 | $120.7M | Reduce -0.9% |
| Z Zillow Group Inc. Class C | 2.06% | 1,269,328 | $52.5M | Reduce -26.6% |
| AVR Anteris Technologies Global | 1.70% | 7,789,000 | $43.2M | Add +177.0% |
| PROSHARES ULTRASHORT BLOOMBE | 1.70% | 5,187,995 | $43.2M | New |
| EXP Eagle Materials Inc. | 1.60% | 214,538 | $40.6M | Add +78.6% |
| TECK Teck Resources Ltd.-CLS B | 1.29% | 634,547 | $32.8M | New |
| HDB HDFC Bank Ltd.-ADR | 1.24% | 1,268,890 | $31.6M | Add +152.0% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.20% | 2,130,166 | $30.6M | New |
| IAG Iamgold Corp. | 1.12% | 1,509,742 | $28.4M | Add +20.6% |
| ISOU Isoenergy Ltd. | 1.03% | 2,485,077 | $26.3M | Add +232.9% |
| BLDR Builders Firstsource Inc. | 0.95% | 292,503 | $24.1M | New |
| CCL Carnival Corp. | 0.73% | 715,980 | $18.5M | New |
| NCLH Norwegian Cruise Line Holdin | 0.67% | 911,342 | $17.0M | New |
| SLSR Solaris Resources Inc. | 0.67% | 1,967,387 | $17.0M | Reduce -39.1% |
Portfolio Sells Q4 2025 → Q1 2026
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −5.74 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −4.99 |
| AA Alcoa Corp. | Sold out | 0.00% | −4.28 |
| Z Zillow Group Inc. Class C | Reduce -26.6% | 2.06% | −4.09 |
| NWS News Corp. Class B | Reduce -0.9% | 4.74% | −1.86 |
| AAUC Allied Gold Corp. | Sold out | 0.00% | −1.76 |
| NUE Nucor Corp. | Sold out | 0.00% | −1.73 |
| TASEKO MINES LTD | Reduce -1.2% | 8.89% | −1.60 |
| JD Jd.com Inc.-ADR | Sold out | 0.00% | −1.09 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.86 |
| SLSR Solaris Resources Inc. | Reduce -39.1% | 0.67% | −0.68 |
Portfolio Buys Q4 2025 → Q1 2026
| CRH CRH PLC | New | 7.64% | +7.64 |
| AMCR Amcor PLC | New | 6.87% | +6.87 |
| FLUT Flutter Entertainment PLC-Di | Add +1174.2% | 7.08% | +5.53 |
| CGAU Centerra Gold Inc. | New | 4.91% | +4.91 |
| PROSHARES ULTRASHORT BLOOMBE | New | 1.70% | +1.70 |
| TECK Teck Resources Ltd.-CLS B | New | 1.29% | +1.29 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 1.20% | +1.20 |
| AVR Anteris Technologies Global | Add +177.0% | 1.70% | +0.97 |
| BLDR Builders Firstsource Inc. | New | 0.95% | +0.95 |
| CCL Carnival Corp. | New | 0.73% | +0.73 |
| ISOU Isoenergy Ltd. | Add +232.9% | 1.03% | +0.68 |
| NCLH Norwegian Cruise Line Holdin | New | 0.67% | +0.67 |
| EXP Eagle Materials Inc. | Add +78.6% | 1.60% | +0.30 |
| HDB HDFC Bank Ltd.-ADR | Add +152.0% | 1.24% | +0.28 |
| IAG Iamgold Corp. | Add +20.6% | 1.12% | +0.04 |
| NXE Nexgen Energy Ltd. | Add +4.7% | 16.04% | −0.09 |
| EQX Equinox Gold Corp. | Add +20.7% | 13.82% | −0.95 |
| EGO Eldorado Gold Corp. | Add +8.3% | 14.07% | −3.99 |
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 |