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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
+39.05%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$648M
AUM Growth
+$137M
(+27%)
Cap. Flow
+$26.5M
Cap. Flow
% of AUM
4.09%
Top 10 Holdings %
Top 10 Hldgs %
88.95%
Holding
15
New
5
Increased
2
Reduced
6
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares Ultra Bloomberg Crude Oil
UCO
|
+$87.7M |
| 2 |
BP
BP
|
+$61.7M |
| 3 |
KraneShares CSI China Internet ETF
KWEB
|
+$52M |
| 4 |
Suncor Energy
SU
|
+$22.7M |
| 5 |
TotalEnergies
TTE
|
+$21.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hudbay
HBM
|
+$47.5M |
| 2 |
Graphic Packaging
GPK
|
+$46.6M |
| 3 |
Cenovus Energy
CVE
|
+$43.1M |
| 4 |
Ferguson
FERG
|
+$35.2M |
| 5 |
Teck Resources
TECK
|
+$23.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 31.81% |
| 2 | Materials | 23.68% |
| 3 | Consumer Discretionary | 12.53% |
| 4 | Healthcare | 5.97% |
| 5 | Industrials | 2.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
ProShares Ultra Bloomberg Crude Oil
UCO
$432M
| $88.2M | 13.61% |
+2,909,930
| New | +$87.7M |
|
2
Alibaba
BABA
$276B
| $81.2M | 12.53% |
922,159
+202,128
| +28% | +$15.9M |
|
|
3
BP
BP
$112B
| $64.8M | 10% |
+1,854,951
| New | +$61.7M |
|
|
4
Teck Resources
TECK
$28.2B
| $64.4M | 9.94% |
1,703,380
-685,397
| -29% | -$23.7M |
|
|
5
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $61.6M | 9.5% |
+2,038,560
| New | +$52M |
|
|
6
Hudbay
HBM
$9.76B
| $56.2M | 8.68% |
8,222,789
-9,853,225
| -55% | -$47.5M |
|
|
7
Cenovus Energy
CVE
$54.2B
| $55.1M | 8.5% |
2,837,257
-2,246,403
| -44% | -$43.1M |
|
8
Madrigal Pharmaceuticals
MDGL
$12.6B
| $38.7M | 5.97% |
133,312
-27,851
| -17% | -$2.72M |
|
9
NexGen Energy
NXE
$5.91B
| $33.5M | 5.17% |
5,597,288
-3,521,633
| -39% | -$14.7M |
|
10
Warrior Met Coal
HCC
$4.17B
| $32.8M | 5.07% |
948,024
-613,047
| -39% | -$21.7M |
|
|
11
Suncor Energy
SU
$77.7B
| $29.7M | 4.58% |
+691,180
| New | +$22.7M |
|
|
12
TotalEnergies
TTE
$193B
| $23.1M | 3.57% |
+372,451
| New | +$21.3M |
|
|
FXLV
13
DELISTED
F45 Training Holdings Inc.
FXLV
| $18.8M | 2.9% |
6,602,720
+133,220
| +2% | +$404K |
|
|
14
Ferguson
FERG
$43.9B
| – | – |
-342,310
| Closed | -$35.2M |
|
|
15
Graphic Packaging
GPK
$3.35B
| – | – |
-2,361,372
| Closed | -$46.6M |
|
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L1 Capital's Q4 2022 Portfolio in Review
As of Q4 2022, L1 Capital held 15 positions worth $648M, up 27% from $511M the previous quarter. Its ten largest holdings account for 89% of the portfolio.
L1 Capital deployed $26.5M of net new capital in Q4 2022, opening 5 new positions and adding to 2 existing holdings. Its largest new stake was ProShares Ultra Bloomberg Crude Oil: 2,909,930 shares worth $88.2M.
By sector, the portfolio is most concentrated in Energy at 32% of assets, up from 24% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Hudbay, an estimated $47.5M trimmed.
- L1 Capital's largest Q4 2022 buy was ProShares Ultra Bloomberg Crude Oil: 2,909,930 shares worth $88.2M.
- L1 Capital added most to Alibaba in Q4 2022, an estimated $15.9M increase.
- L1 Capital's biggest Q4 2022 reduction was Hudbay, cutting an estimated $47.5M.
- L1 Capital fully exited Graphic Packaging in Q4 2022, selling an estimated $46.6M.
- L1 Capital's ten largest holdings make up 89% of its $648M portfolio in Q4 2022.
- L1 Capital opened 5 new positions and closed 2 in Q4 2022.
- L1 Capital's portfolio value rose 27% quarter-over-quarter to $648M.
Based on L1 Capital's 13F filing for Q4 2022, filed 14 Feb 2023.