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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
-21.24%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$513M
AUM Growth
-$313M
(-38%)
Cap. Flow
-$139M
Cap. Flow
% of AUM
-27.08%
Top 10 Holdings %
Top 10 Hldgs %
97.94%
Holding
17
New
5
Increased
1
Reduced
5
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teck Resources
TECK
|
+$76M |
| 2 |
Alibaba
BABA
|
+$66.1M |
| 3 |
Alcoa
AA
|
+$65.8M |
| 4 |
Hudbay
HBM
|
+$33.2M |
| 5 |
Ferguson
FERG
|
+$20.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$143M |
| 2 |
TRQ
Turquoise Hill Resources Ltd
TRQ
|
+$81.6M |
| 3 |
Cenovus Energy
CVE
|
+$53.7M |
| 4 |
Kinross Gold
KGC
|
+$44.2M |
| 5 |
GDS Holdings
GDS
|
+$38.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 42.08% |
| 2 | Energy | 29.79% |
| 3 | Consumer Discretionary | 19.38% |
| 4 | Industrials | 6.69% |
| 5 | Healthcare | 2.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Hudbay
HBM
$9.76B
| $90.4M | 17.64% |
18,339,454
+5,567,414
| +44% | +$33.2M |
|
|
2
Cenovus Energy
CVE
$54.2B
| $86.3M | 16.84% |
4,524,025
-2,698,380
| -37% | -$53.7M |
|
3
NexGen Energy
NXE
$5.91B
| $66.4M | 12.95% |
11,900,412
-565,880
| -5% | -$2.68M |
|
|
4
Alibaba
BABA
$276B
| $60.2M | 11.75% |
+673,696
| New | +$66.1M |
|
|
5
Teck Resources
TECK
$28.2B
| $56.6M | 11.04% |
+1,924,885
| New | +$76M |
|
|
6
Alcoa
AA
$11.3B
| $51.6M | 10.07% |
+1,014,493
| New | +$65.8M |
|
7
Graphic Packaging
GPK
$3.35B
| $39.1M | 7.63% |
1,757,482
-1,810,312
| -51% | -$38.2M |
|
|
8
Ferguson
FERG
$43.9B
| $21.7M | 4.23% |
+172,002
| New | +$20.8M |
|
9
Warrior Met Coal
HCC
$4.17B
| $17.1M | 3.34% |
+535,568
| New | +$18.5M |
|
|
FXLV
10
DELISTED
F45 Training Holdings Inc.
FXLV
| $12.6M | 2.46% |
6,390,381
-107,395
| -2% | -$785K |
|
11
Madrigal Pharmaceuticals
MDGL
$12.6B
| $10.6M | 2.06% |
168,003
-47,313
| -22% | -$3.48M |
|
12
DarioHealth
DRIO
$51.9M
| – | – |
-32,037
| Closed | -$3.18M |
|
|
13
GDS Holdings
GDS
$5.93B
| – | – |
-1,236,401
| Closed | -$38.8M |
|
|
14
Kinross Gold
KGC
$27.7B
| – | – |
-6,810,335
| Closed | -$44.2M |
|
|
15
Suncor Energy
SU
$77.7B
| – | – |
-3,095,114
| Closed | -$143M |
|
16
Zillow
Z
$7.78B
| – | – |
-240,238
| Closed | -$9.57M |
|
|
TRQ
17
DELISTED
Turquoise Hill Resources Ltd
TRQ
| – | – |
-2,329,226
| Closed | -$81.6M |
|
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L1 Capital's Q2 2022 Portfolio in Review
As of Q2 2022, L1 Capital held 17 positions worth $513M, down 38% from $826M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
L1 Capital withdrew a net $139M in Q2 2022, closing 6 positions and reducing 5 holdings. Its most notable exit was Suncor Energy, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Materials at 42% of assets, up from 28% a quarter earlier, followed by Energy and Consumer Discretionary.
Against the trend, L1 Capital opened a new position in Teck Resources worth $56.6M.
- L1 Capital's largest Q2 2022 buy was Teck Resources: 1,924,885 shares worth $56.6M.
- L1 Capital added most to Hudbay in Q2 2022, an estimated $33.2M increase.
- L1 Capital's biggest Q2 2022 reduction was Cenovus Energy, cutting an estimated $53.7M.
- L1 Capital fully exited Suncor Energy in Q2 2022, selling an estimated $143M.
- L1 Capital's ten largest holdings make up 98% of its $513M portfolio in Q2 2022.
- L1 Capital opened 5 new positions and closed 6 in Q2 2022.
- L1 Capital's portfolio value fell 38% quarter-over-quarter to $513M.
Based on L1 Capital's 13F filing for Q2 2022, filed 15 Aug 2022.