L1 Capital Pty
MELBOURNE VIC 3000, C3files as L1 Capital Pty Ltd
$3.0bn in 24 US stocks at the end of 30 June 2026. The top 10 are 82.7% of the money. It changed about 40.5% of the portfolio this quarter.
Value
$3.0bn
Stocks
24
Top 10 share
82.7%
Turnover
40.5%
What changed this quarter
New
Bought for the first time this quarter.
- Trekor MetalsTGB8.0% of the fund
- Hudbay MineralsHBM7.9% of the fund
- B2goldBTG6.1% of the fund
- OceanaGoldOGC2.7% of the fund
- AlcoaAA2.5% of the fund
- Aya Gold & SilverAYA1.3% of the fund
- Ferguson EnterprisesFERG0.7% of the fund
- IntuitINTU0.4% of the fund
- Lithium Argentina AGLAR0.4% of the fund
- Sigma LithiumSGML0.3% of the fund
Added
Bought more of a stock they already held.
- Eldorado GoldEGO15.1% of the fund+38%
- AmcorAMCR9.8% of the fund+53%
- Equinox GoldEQX8.8% of the fund+11%
- Centerra GoldCGAU8.7% of the fund+132%
- HDFC BankHDB1.9% of the fund+73%
- Builders FirstSourceBLDR1.8% of the fund+105%
- Nu HoldingsNU1.2% of the fund+24%
- IsoEnergyISOU0.9% of the fund+12%
Cut
Sold some of their stake.
- CRH PublicCRH4.5% of the fund-32%
- NewsNWS1.9% of the fund-53%
- Zillow GroupZ0.5% of the fund-61%
Sold out
Sold their entire stake.
- Taseko Mines-100%
- Flutter EntertainmentFLUT-100%
- Proshares TR II-100%
- Eagle MaterialsEXP-100%
- Teck ResourcesTECK-100%
- Carnival-100%
- Norwegian Cruise Line HoldingsNCLH-100%
- Solaris ResourcesSLSR-100%
Holdings
- Eldorado GoldEGO
- Share
- 15.1%
- Value
- $448m
- Shares
- 14,417,557
+38%
- NexGen EnergyNXE
- Share
- 11.0%
- Value
- $329m
- Shares
- 34,992,263
Held
- Equinox GoldEQX
- Share
- 8.8%
- Value
- $263m
- Shares
- 27,055,865
+11%
- Centerra GoldCGAU
- Share
- 8.7%
- Value
- $259m
- Shares
- 16,337,154
+132%
- Trekor MetalsTGB
- Share
- 8.0%
- Value
- $239m
- Shares
- 34,687,011
New
- Hudbay MineralsHBM
- Share
- 7.9%
- Value
- $236m
- Shares
- 9,977,133
New
- B2goldBTG
- Share
- 6.1%
- Value
- $183m
- Shares
- 48,837,914
New
- OceanaGoldOGC
- Share
- 2.7%
- Value
- $79m
- Shares
- 3,157,907
New
- Aya Gold & SilverAYA
- Share
- 1.3%
- Value
- $39m
- Shares
- 2,074,017
New
- IsoEnergyISOU
- Share
- 0.9%
- Value
- $28m
- Shares
- 2,778,857
+12%
- IamgoldIAG
- Share
- 0.8%
- Value
- $24m
- Shares
- 1,512,374
Held
- Sigma LithiumSGML
- Share
- 0.3%
- Value
- $10m
- Shares
- 767,428
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Eldorado GoldEGO | 15.1% | $448m | 14,417,557 | +38% |
| NexGen EnergyNXE | 11.0% | $329m | 34,992,263 | Held |
| AmcorAMCR | 9.8% | $291m | 6,710,648 | +53% |
| Equinox GoldEQX | 8.8% | $263m | 27,055,865 | +11% |
| Centerra GoldCGAU | 8.7% | $259m | 16,337,154 | +132% |
| Trekor MetalsTGB | 8.0% | $239m | 34,687,011 | New |
| Hudbay MineralsHBM | 7.9% | $236m | 9,977,133 | New |
| B2goldBTG | 6.1% | $183m | 48,837,914 | New |
| CRH PublicCRH | 4.5% | $135m | 1,264,527 | -32% |
| OceanaGoldOGC | 2.7% | $79m | 3,157,907 | New |
| Anteris Technologies GlobalAVR | 2.6% | $77m | 7,789,000 | Held |
| AlcoaAA | 2.5% | $75m | 1,435,645 | New |
| HDFC BankHDB | 1.9% | $57m | 2,194,495 | +73% |
| NewsNWS | 1.9% | $56m | 1,995,900 | -53% |
| Builders FirstSourceBLDR | 1.8% | $54m | 600,269 | +105% |
| Aya Gold & SilverAYA | 1.3% | $39m | 2,074,017 | New |
| Nu HoldingsNU | 1.2% | $35m | 2,634,319 | +24% |
| IsoEnergyISOU | 0.9% | $28m | 2,778,857 | +12% |
| IamgoldIAG | 0.8% | $24m | 1,512,374 | Held |
| Ferguson EnterprisesFERG | 0.7% | $20m | 84,104 | New |
| Zillow GroupZ | 0.5% | $16m | 499,342 | -61% |
| IntuitINTU | 0.4% | $13m | 49,972 | New |
| Lithium Argentina AGLAR | 0.4% | $11m | 1,369,956 | New |
| Sigma LithiumSGML | 0.3% | $10m | 767,428 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 79.8% since 30 June 2025.
Where the money is
Materials89.0%
Financial services3.1%
Health care2.6%
Media & telecom1.9%
Retail & consumer1.8%
Technology1.0%
Industrials0.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.