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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
+0.9%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$718M
AUM Growth
+$69.9M
(+11%)
Cap. Flow
+$59.4M
Cap. Flow
% of AUM
8.27%
Top 10 Holdings %
Top 10 Hldgs %
99.13%
Holding
15
New
2
Increased
6
Reduced
3
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Graphic Packaging
GPK
|
+$67.8M |
| 2 |
ProShares UltraShort Bloomberg Crude Oil
SCO
|
+$65.4M |
| 3 |
TotalEnergies
TTE
|
+$43.6M |
| 4 |
Cenovus Energy
CVE
|
+$43.1M |
| 5 |
Warrior Met Coal
HCC
|
+$41.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares Ultra Bloomberg Crude Oil
UCO
|
+$88.2M |
| 2 |
KraneShares CSI China Internet ETF
KWEB
|
+$61.6M |
| 3 |
Alibaba
BABA
|
+$55.7M |
| 4 |
Madrigal Pharmaceuticals
MDGL
|
+$38.7M |
| 5 |
Suncor Energy
SU
|
+$29.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 38.65% |
| 2 | Materials | 35.66% |
| 3 | Consumer Discretionary | 15.44% |
| 4 | Industrials | 0.87% |
| 5 | Healthcare | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Teck Resources
TECK
$28.2B
| $96M | 13.38% |
2,631,402
+928,022
| +54% | +$36.8M |
|
|
2
Cenovus Energy
CVE
$54.2B
| $90.6M | 12.61% |
5,187,900
+2,350,643
| +83% | +$43.1M |
|
3
Hudbay
HBM
$9.76B
| $84M | 11.7% |
11,845,740
+3,622,951
| +44% | +$19.1M |
|
|
4
Warrior Met Coal
HCC
$4.17B
| $76M | 10.59% |
2,071,294
+1,123,270
| +118% | +$41.5M |
|
|
5
Graphic Packaging
GPK
$3.35B
| $73.5M | 10.23% |
+2,882,493
| New | +$67.8M |
|
|
6
ProShares UltraShort Bloomberg Crude Oil
SCO
$654M
| $67.3M | 9.38% |
+636,037
| New | +$65.4M |
|
7
BP
BP
$112B
| $64.9M | 9.04% |
1,710,185
-144,766
| -8% | -$5.41M |
|
|
8
TotalEnergies
TTE
$193B
| $63.8M | 8.89% |
1,081,206
+708,755
| +190% | +$43.6M |
|
9
NexGen Energy
NXE
$5.91B
| $58.2M | 8.11% |
11,215,946
+5,618,658
| +100% | +$24.2M |
|
|
10
Alibaba
BABA
$276B
| $37.4M | 5.21% |
365,832
-556,327
| -60% | -$55.7M |
|
|
FXLV
11
DELISTED
F45 Training Holdings Inc.
FXLV
| $6.28M | 0.87% |
5,411,975
-1,190,745
| -18% | -$2.83M |
|
|
12
KraneShares CSI China Internet ETF
KWEB
$5.5B
| – | – |
-2,038,560
| Closed | -$61.6M |
|
|
13
Madrigal Pharmaceuticals
MDGL
$12.6B
| – | – |
-133,312
| Closed | -$38.7M |
|
|
14
Suncor Energy
SU
$77.7B
| – | – |
-691,180
| Closed | -$29.7M |
|
|
15
ProShares Ultra Bloomberg Crude Oil
UCO
$432M
| – | – |
-2,909,930
| Closed | -$88.2M |
|
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L1 Capital's Q1 2023 Portfolio in Review
As of Q1 2023, L1 Capital held 15 positions worth $718M, up 11% from $648M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
L1 Capital deployed $59.4M of net new capital in Q1 2023, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was Graphic Packaging: 2,882,493 shares worth $73.5M.
By sector, the portfolio is most concentrated in Energy at 39% of assets, up from 32% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Alibaba, an estimated $55.7M trimmed.
- L1 Capital's largest Q1 2023 buy was Graphic Packaging: 2,882,493 shares worth $73.5M.
- L1 Capital added most to TotalEnergies in Q1 2023, an estimated $43.6M increase.
- L1 Capital's biggest Q1 2023 reduction was Alibaba, cutting an estimated $55.7M.
- L1 Capital fully exited ProShares Ultra Bloomberg Crude Oil in Q1 2023, selling an estimated $88.2M.
- L1 Capital's ten largest holdings make up 99% of its $718M portfolio in Q1 2023.
- L1 Capital opened 2 new positions and closed 4 in Q1 2023.
- L1 Capital's portfolio value rose 11% quarter-over-quarter to $718M.
Based on L1 Capital's 13F filing for Q1 2023, filed 15 May 2023.