L1 Capital Pty Ltd
Net buyer this quarter
$2.97B
24
+$845M
82.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 EGO | $448M | 15.07% | 7.26% | +38.1% | Q3 2024 |
 NXE | $329M | 11.05% | 5.30% | -0.7% | Q2 2021 |
 AMCR | $291M | 9.78% | 1.45% | +52.5% | Q1 2026 |
 EQX | $263M | 8.84% | 3.44% | +11.2% | Q4 2024 |
 CGAU | $259M | 8.70% | 8.18% | +131.7% | Q1 2026 |
 TGB | $239M | 8.02% | 9.61% | New | Q2 2026 |
 HBM | $236M | 7.92% | 2.52% | Not reported | Q2 2021 |
 BTG | $183M | 6.14% | 3.64% | New | Q2 2026 |
 CRH | $135M | 4.55% | 0.19% | -31.7% | Q2 2023 |
 OGC | $79.1M | 2.66% | Not reported | New | Q2 2026 |
 AVR | $76.7M | 2.58% | 8.00% | Not reported | Q4 2024 |
 AA | $74.9M | 2.52% | 0.54% | Not reported | Q3 2021 |
 HDB | $56.7M | 1.91% | 0.01% | +73.0% | Q4 2025 |
 NWS | $56M | 1.88% | Not reported | -52.9% | Q3 2025 |
 BLDR | $53.7M | 1.81% | 0.56% | +105.2% | Q1 2026 |
 AYA | $39.3M | 1.32% | Not reported | New | Q2 2026 |
 NU | $35.2M | 1.18% | Not reported | +23.7% | Q1 2026 |
 ISOU | $27.7M | 0.93% | 5.06% | +11.8% | Q4 2025 |
 IAG | $24M | 0.81% | 0.26% | +0.2% | Q2 2025 |
 FERG | $20M | 0.67% | 0.04% | Not reported | Q2 2022 |
 Z | $15.7M | 0.53% | Not reported | -60.7% | Q4 2021 |
 INTU | $13M | 0.44% | 0.02% | New | Q2 2026 |
 LAR | $11.3M | 0.38% | 0.84% | New | Q2 2026 |
 SGML | $9.71M | 0.33% | 0.69% | New | Q2 2026 |
| Q1 2026 | |||||
| NXE | $408M | 16.04% | 5.34% | +4.7% | Q2 2021 |
| EGO | $358M | 14.07% | 5.26% | +8.3% | Q3 2024 |
| EQX | $352M | 13.82% | 3.10% | +20.7% | Q4 2024 |
| CRH | $195M | 7.64% | 0.26% | Not reported | Q2 2023 |
 FLUT | $180M | 7.08% | 1.01% | +1174.2% | Q1 2024 |
| AMCR | $175M | 6.87% | 0.95% | New | Q1 2026 |
| CGAU | $125M | 4.91% | 3.53% | New | Q1 2026 |
| NWS | $121M | 4.74% | Not reported | -0.9% | Q3 2025 |
| Z | $52.5M | 2.06% | Not reported | -26.6% | Q4 2021 |
| AVR | $43.2M | 1.70% | 8.01% | +177.0% | Q4 2024 |
| SCON | $43.2M | 1.70% | 19.82% | Not reported | Q1 2023 |
 EXP | $40.6M | 1.60% | 0.69% | +78.6% | Q2 2025 |
 TECK | $32.8M | 1.29% | Not reported | Not reported | Q2 2020 |
| HDB | $31.6M | 1.24% | 0.01% | +152.0% | Q4 2025 |
| NU | $30.6M | 1.20% | Not reported | New | Q1 2026 |
| IAG | $28.4M | 1.12% | 0.26% | +20.6% | Q2 2025 |
| ISOU | $26.3M | 1.03% | 4.52% | +232.9% | Q4 2025 |
| BLDR | $24.1M | 0.95% | 0.27% | New | Q1 2026 |
 CCL | $18.5M | 0.73% | 0.06% | New | Q1 2026 |
 NCLH | $17M | 0.67% | 0.20% | New | Q1 2026 |
 SLSR | $17M | 0.67% | Not reported | -39.1% | Q3 2024 |
| Q4 2025 | |||||
| EGO | $346M | 18.06% | 4.85% | +35.2% | Q3 2024 |
| NXE | $309M | 16.13% | 5.10% | +9.1% | Q2 2021 |
| EQX | $283M | 14.77% | 2.57% | +15.9% | Q4 2024 |
| NWS | $127M | 6.61% | Not reported | +26.2% | Q3 2025 |
| Z | $118M | 6.15% | Not reported | +24803.7% | Q4 2021 |
 ICE | $110M | 5.74% | 0.12% | New | Q4 2025 |
 CVE | $95.7M | 4.99% | 0.30% | -13.2% | Q2 2020 |
| AA | $82.1M | 4.28% | 0.59% | -73.8% | Q3 2021 |
 AAUC | $33.8M | 1.76% | 1.18% | New | Q4 2025 |
 NUE | $33.2M | 1.73% | 0.09% | +1688.4% | Q2 2025 |
| FLUT | $29.9M | 1.56% | 0.08% | Not reported | Q1 2024 |
| SLSR | $25.9M | 1.35% | Not reported | -34.5% | Q3 2024 |
| EXP | $24.8M | 1.30% | 0.38% | Not reported | Q2 2025 |
 JD | $21M | 1.09% | 0.05% | New | Q4 2025 |
| IAG | $20.6M | 1.08% | 0.21% | +961.5% | Q2 2025 |
| HDB | $18.4M | 0.96% | 0.00% | New | Q4 2025 |
 AMRZ | $16.5M | 0.86% | 0.06% | New | Q4 2025 |
| AVR | $14M | 0.73% | 6.76% | -58.9% | Q4 2024 |
| ISOU | $6.79M | 0.35% | 1.36% | New | Q4 2025 |
| Q3 2025 | |||||
| NXE | $261M | 16.45% | 5.42% | -8.8% | Q2 2021 |
| AA | $220M | 13.87% | 2.28% | +22.3% | Q3 2021 |
| EQX | $204M | 12.86% | 3.82% | -27.2% | Q4 2024 |
| EGO | $191M | 12.05% | 3.48% | -4.9% | Q3 2024 |
| HBM | $134M | 8.46% | 2.12% | -44.3% | Q2 2021 |
| CVE | $114M | 7.18% | 0.36% | -2.5% | Q2 2020 |
| NWS | $103M | 6.48% | Not reported | New | Q3 2025 |
 CHTR | $63.7M | 4.02% | 0.11% | Not reported | Q2 2020 |
 DNN | $44.4M | 2.80% | 1.56% | +4544.0% | Q2 2025 |
| CRH | $40.3M | 2.55% | 0.05% | -72.5% | Q2 2023 |
 HCC | $37.3M | 2.35% | 0.87% | -76.8% | Q2 2020 |
| SLSR | $32.6M | 2.06% | Not reported | Not reported | Q3 2024 |
| AVR | $27.2M | 1.72% | 18.96% | +143.2% | Q4 2024 |
| NUE | $1.64M | 0.10% | 0.01% | +124.1% | Q2 2025 |
| IAG | $1.5M | 0.09% | 0.02% | +25.1% | Q2 2025 |
 FCX | $1.01M | 0.06% | 0.00% | New | Q3 2025 |
 AER | $834K | 0.05% | 0.00% | New | Q3 2025 |
| Z | $507K | 0.03% | Not reported | -98.2% | Q4 2021 |