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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
+23.94%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$826M
AUM Growth
-$40.2M
(-4.6%)
Cap. Flow
-$148M
Cap. Flow
% of AUM
-17.93%
Top 10 Holdings %
Top 10 Hldgs %
98.46%
Holding
17
New
3
Increased
7
Reduced
2
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$91.9M |
| 2 |
TRQ
Turquoise Hill Resources Ltd
TRQ
|
+$48.6M |
| 3 |
Kinross Gold
KGC
|
+$38M |
| 4 |
Hudbay
HBM
|
+$11.4M |
| 5 |
NexGen Energy
NXE
|
+$10.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$112M |
| 2 |
Alibaba
BABA
|
+$80.5M |
| 3 |
Alcoa
AA
|
+$64.2M |
| 4 |
Warrior Met Coal
HCC
|
+$50.2M |
| 5 |
Arrowhead Research
ARWR
|
+$19.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 47.63% |
| 2 | Materials | 27.96% |
| 3 | Consumer Discretionary | 9.42% |
| 4 | Industrials | 6.92% |
| 5 | Technology | 4.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Cenovus Energy
CVE
$54.2B
| $172M | 20.77% |
7,222,405
+30,293
| +0.4% | +$460K |
|
|
2
Suncor Energy
SU
$77.7B
| $143M | 17.31% |
+3,095,114
| New | +$91.9M |
|
|
3
Hudbay
HBM
$9.76B
| $105M | 12.73% |
12,772,040
+1,462,480
| +13% | +$11.4M |
|
|
TRQ
4
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $81.6M | 9.89% |
+2,329,226
| New | +$48.6M |
|
|
5
NexGen Energy
NXE
$5.91B
| $78.9M | 9.55% |
12,466,292
+2,211,444
| +22% | +$10.6M |
|
6
Graphic Packaging
GPK
$3.35B
| $77.8M | 9.42% |
3,567,794
+57,217
| +2% | +$1.11M |
|
|
FXLV
7
DELISTED
F45 Training Holdings Inc.
FXLV
| $57.1M | 6.92% |
6,497,776
+55,915
| +0.9% | +$723K |
|
|
8
Kinross Gold
KGC
$27.7B
| $44.2M | 5.35% |
+6,810,335
| New | +$38M |
|
9
GDS Holdings
GDS
$5.93B
| $38.8M | 4.7% |
1,236,401
-319,842
| -21% | -$13.1M |
|
10
Madrigal Pharmaceuticals
MDGL
$12.6B
| $15.1M | 1.83% |
215,316
+47,655
| +28% | +$4.02M |
|
11
Zillow
Z
$7.78B
| $9.57M | 1.16% |
240,238
-298,146
| -55% | -$16M |
|
12
DarioHealth
DRIO
$51.9M
| $3.18M | 0.38% |
32,037
+6,276
| +24% | +$1.04M |
|
|
13
Alcoa
AA
$11.3B
| – | – |
-1,078,246
| Closed | -$64.2M |
|
|
14
Arrowhead Research
ARWR
$12.1B
| – | – |
-292,735
| Closed | -$19.4M |
|
|
15
Alibaba
BABA
$276B
| – | – |
-677,983
| Closed | -$80.5M |
|
|
16
Warrior Met Coal
HCC
$4.17B
| – | – |
-1,952,128
| Closed | -$50.2M |
|
|
17
Teck Resources
TECK
$28.2B
| – | – |
-3,087,245
| Closed | -$112M |
|
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L1 Capital's Q1 2022 Portfolio in Review
As of Q1 2022, L1 Capital held 17 positions worth $826M, down 4.6% from $866M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
L1 Capital withdrew a net $148M in Q1 2022, closing 5 positions and reducing 2 holdings. Its most notable exit was Teck Resources, an estimated $112M position sold in full.
By sector, the portfolio is most concentrated in Energy at 48% of assets, up from 19% a quarter earlier, followed by Materials and Consumer Discretionary.
Against the trend, L1 Capital opened a new position in Suncor Energy worth $143M.
- L1 Capital's largest Q1 2022 buy was Suncor Energy: 3,095,114 shares worth $143M.
- L1 Capital added most to Hudbay in Q1 2022, an estimated $11.4M increase.
- L1 Capital's biggest Q1 2022 reduction was Zillow, cutting an estimated $16M.
- L1 Capital fully exited Teck Resources in Q1 2022, selling an estimated $112M.
- L1 Capital's ten largest holdings make up 98% of its $826M portfolio in Q1 2022.
- L1 Capital opened 3 new positions and closed 5 in Q1 2022.
- L1 Capital's portfolio value fell 4.6% quarter-over-quarter to $826M.
Based on L1 Capital's 13F filing for Q1 2022, filed 16 May 2022.