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L1 Capital Portfolio holdings
AUM
$2.55B
1-Year Est. Return
80.12%
This Fund
S&P 500
This Quarter
Est. Return
+15.34%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$398M
AUM Growth
-$138M
(-26%)
Cap. Flow
-$182M
Cap. Flow
% of AUM
-45.72%
Top 10 Holdings %
Top 10 Hldgs %
99.25%
Holding
16
New
1
Increased
2
Reduced
8
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Natural Resources
CNQ
|
+$14.4M |
| 2 |
DarioHealth
DRIO
|
+$11.6M |
| 3 |
Palo Alto Networks
PANW
|
+$8.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Lyft
LYFT
|
+$68.1M |
| 2 |
BBBY
Bed Bath & Beyond Inc
BBBY
|
+$52.5M |
| 3 |
CarGurus
CARG
|
+$17.7M |
| 4 |
Warrior Met Coal
HCC
|
+$15.7M |
| 5 |
CNCE
Concert Pharmaceuticals, Inc.
CNCE
|
+$14.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 33.82% |
| 2 | Materials | 26.9% |
| 3 | Financials | 17.54% |
| 4 | Healthcare | 10.73% |
| 5 | Technology | 7.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Teck Resources
TECK
$28.2B
| $89.6M | 22.51% |
4,670,268
-336,996
| -7% | -$6.83M |
|
2
Cenovus Energy
CVE
$54.2B
| $72.7M | 18.27% |
9,669,142
-1,024,700
| -10% | -$7.2M |
|
3
Wells Fargo
WFC
$254B
| $66.9M | 16.8% |
1,711,136
-130,639
| -7% | -$4.62M |
|
|
4
Canadian Natural Resources
CNQ
$96.9B
| $61.9M | 15.55% |
4,093,485
+1,067,974
| +35% | +$14.4M |
|
|
5
Palo Alto Networks
PANW
$256B
| $30M | 7.54% |
559,212
+138,516
| +33% | +$8.23M |
|
6
Arrowhead Research
ARWR
$12.1B
| $19.6M | 4.93% |
296,024
-2,663
| -0.9% | -$207K |
|
|
7
Warrior Met Coal
HCC
$4.17B
| $17.5M | 4.39% |
1,021,078
-744,731
| -42% | -$15.7M |
|
|
DESP
8
DELISTED
Despegar.com
DESP
| $13.8M | 3.46% |
1,009,828
-643,668
| -39% | -$8.24M |
|
9
Madrigal Pharmaceuticals
MDGL
$12.6B
| $13.2M | 3.31% |
112,604
-860
| -0.8% | -$100K |
|
|
10
DarioHealth
DRIO
$51.9M
| $9.92M | 2.49% |
+25,761
| New | +$11.6M |
|
|
FINV
11
FinVolution Group
FINV
$1.17B
| $2.96M | 0.75% |
422,946
-2,255,107
| -84% | -$12M |
|
|
12
CarGurus
CARG
$3.34B
| – | – |
-545,820
| Closed | -$17.7M |
|
|
IVA
13
Inventiva
IVA
$1.07B
| – | – |
-620,000
| Closed | -$8.56M |
|
|
14
Lyft
LYFT
$5.86B
| – | – |
-1,352,041
| Closed | -$68.1M |
|
|
BBBY
15
DELISTED
Bed Bath & Beyond Inc
BBBY
| – | – |
-2,814,449
| Closed | -$52.5M |
|
|
CNCE
16
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| – | – |
-1,149,120
| Closed | -$14.6M |
|
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L1 Capital's Q1 2021 Portfolio in Review
As of Q1 2021, L1 Capital held 16 positions worth $398M, down 26% from $536M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
L1 Capital withdrew a net $182M in Q1 2021, closing 5 positions and reducing 8 holdings. Its most notable exit was Lyft, an estimated $68.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 34% of assets, up from 19% a quarter earlier, followed by Materials and Financials.
Against the trend, L1 Capital opened a new position in DarioHealth worth $9.92M.
- L1 Capital's largest Q1 2021 buy was DarioHealth: 25,761 shares worth $9.92M.
- L1 Capital added most to Canadian Natural Resources in Q1 2021, an estimated $14.4M increase.
- L1 Capital's biggest Q1 2021 reduction was Warrior Met Coal, cutting an estimated $15.7M.
- L1 Capital fully exited Lyft in Q1 2021, selling an estimated $68.1M.
- L1 Capital's ten largest holdings make up 99% of its $398M portfolio in Q1 2021.
- L1 Capital opened 1 new position and closed 5 in Q1 2021.
- L1 Capital's portfolio value fell 26% quarter-over-quarter to $398M.
Based on L1 Capital's 13F filing for Q1 2021, filed 7 May 2021.