L1 Capital Pty Ltd
Sector Allocation
- Materials77.9%$2.3B
- Consumer Discretionary10.4%$310.9M
- Financials3.1%$91.9M
- Healthcare2.6%$76.7M
- Industrials2.3%$69.5M
- Communication Services1.9%$56.0M
- Other1.3%$39.3M
- Technology0.4%$13.0M
AUM History
13fpro.ai/research/fund/l1-capital-pty-ltd-1817646
Conviction and streaks
Diversifying · top 10 = 82.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
EGO
$448.2MNXE
$328.7MAMCR
$290.9MEQX
$263.0MCGAU
$259.0MTGB
$238.7MHBM
$235.5MBTG
$182.7MCRH
$135.3MOGC
$79.1MAVR
$76.7MAA
$74.9MHDB
$56.7MNWS
$56.0MBLDR
$53.7M- AYA$39.3M
NU
$35.2MISOU
$27.7MIAG
$24.0MFERG
$20.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/l1-capital-pty-ltd-1817646
L1 Capital Pty Ltd 13F holdings — Q2 2026
$3.0B portfolio (+16.8% QoQ) · 24 holdings · Q2 2026 13F · top 10 are 83% of the stock portfolio
$448.2M
15.1% of stocks
+38%This quarter-17.5%Since filed4+ qtrsHeld$328.7M
11.1% of stocks
-0.6%This quarter-19.8%Since filed4+ qtrsHeld$290.9M
9.8% of stocks
+53%This quarter-0.4%Since filed2 qtrsHeld$263.0M
8.8% of stocks
+11%This quarter-10.4%Since filed4+ qtrsHeld$259.0M
8.7% of stocks
+132%This quarter-4.2%Since filed2 qtrsHeld$238.7M
8.0% of stocks
-1%This quarter-9.0%Since filed4+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$235.5M
7.9% of stocks
NewThis quarter-16.3%Since filedNew this quarterHeld$182.7M
6.1% of stocks
NewThis quarter-4.9%Since filedNew this quarterHeld$135.3M
4.5% of stocks
-32%This quarter-12.6%Since filed2 qtrsHeld$79.1M
2.7% of stocks
NewThis quarter-12.8%Since filedNew this quarterHeld
All holdings — L1 Capital Pty Ltd (Q2 2026)
24 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Anteris Technologies Global Corp. | Healthcare | $76.7M | 2.6% | 7.79M | — | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Alcoa Corp | Materials | $74.9M | 2.5% | 1.44M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | HDFC BANK LTDadr | Financials | $56.7M | 1.9% | 2.19M | +73% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | NEWS CORP | Communication Services | $56.0M | 1.9% | 2.00M | -53% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Builders FirstSource, Inc. | Industrials | $53.7M | 1.8% | 600K | +105% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | — | AYA GOLD & SILVER INC - COM | — | $39.3M | 1.3% | 2.07M | New | — | — | 13F |
| 17 | Nu Holdings Ltd. | Financials | $35.2M | 1.2% | 2.63M | +24% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | IsoEnergy Ltd. | Materials | $27.7M | 0.9% | 2.78M | +12% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | IAMGOLD CORP | Materials | $24.0M | 0.8% | 1.51M | +0.2% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $20.0M | 0.7% | 84K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | ZILLOW GROUP, INC. | Industrials | $15.7M | 0.5% | 499K | -61% | 4+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | INTUIT INC. | Technology | $13.0M | 0.4% | 50K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Lithium Argentina AG | Materials | $11.3M | 0.4% | 1.37M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Sigma Lithium Corp | Materials | $9.7M | 0.3% | 767K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F |
What changed in Q2 2026
Against the previous quarter's 13F: 9 new, 9 added to, 5 trimmed, 7 sold out. Share-count changes; largest moves by dollar size first.
New positions (9)
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
- AYA GOLD & SILVER INC - COM$39.3M
first bought this quarter
first bought this quarter
+3 more in the Excel export
Added to (9)
now $259.0M · held 2 qtrs, 2 adds in a row
now $448.2M · held 4+ qtrs, 3 adds in a row
now $290.9M · held 2 qtrs, 2 adds in a row
now $53.7M · held 2 qtrs, 2 adds in a row
now $263.0M · held 4+ qtrs, 3 adds in a row
now $56.7M · held 3 qtrs, 3 adds in a row
+3 more in the Excel export
Trimmed (5)
Holdings by quarter
Every 13F L1 Capital Pty Ltd has filed, 24 earlier quarters. Pick one to see what it held then.
Is it too late to follow L1 Capital Pty Ltd?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of L1 Capital Pty Ltd's top 20 holdings: 56/100 (our AI quality score, weighted by position size; 6 of the 20 are scored)
Top 10 since filing
-11.4%
Value-weighted move of the 10 largest stock positions
Turnover
18%
Last quarter
Top 10 weight
83%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
49%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 7 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
L1 Capital Pty Ltd disclosed 24 positions worth $3.0B in its Form 13F-HR for Q2 2026, led by $EGO (ELDORADO GOLD CORP /FI) at 15.1% of the equity portfolio, followed by $NXE and $AMCR. During the quarter the fund opened 9 new positions and exited 7 — including a new stake in $HBM and a full exit from $FLUT. The portfolio is most concentrated in Materials (77.9% of disclosed assets). All figures are sourced directly from L1 Capital Pty Ltd’s Form 13F-HR filing with the SEC under CIK 1817646.
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Every holding in L1 Capital Pty Ltd's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.