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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
-0.14%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$831M
AUM Growth
+$113M
(+16%)
Cap. Flow
+$102M
Cap. Flow
% of AUM
12.23%
Top 10 Holdings %
Top 10 Hldgs %
95.61%
Holding
16
New
5
Increased
6
Reduced
3
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
KraneShares CSI China Internet ETF
KWEB
|
+$85.2M |
| 2 |
Alibaba
BABA
|
+$58.6M |
| 3 |
Shell
SHEL
|
+$25.5M |
| 4 |
NexGen Energy
NXE
|
+$21.9M |
| 5 |
ARCH
Arch Resources, Inc.
ARCH
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ProShares UltraShort Bloomberg Crude Oil
SCO
|
+$67.3M |
| 2 |
TotalEnergies
TTE
|
+$63.8M |
| 3 |
Graphic Packaging
GPK
|
+$9.19M |
| 4 |
Teck Resources
TECK
|
+$7.59M |
| 5 |
FXLV
F45 Training Holdings Inc.
FXLV
|
+$3.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 36.46% |
| 2 | Materials | 34.58% |
| 3 | Consumer Discretionary | 17.67% |
| 4 | Healthcare | 1.27% |
| 5 | Industrials | 0.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NexGen Energy
NXE
$5.91B
| $104M | 12.5% |
16,621,563
+5,405,617
| +48% | +$21.9M |
|
|
2
Teck Resources
TECK
$28.2B
| $103M | 12.44% |
2,454,830
-176,572
| -7% | -$7.59M |
|
3
Cenovus Energy
CVE
$54.2B
| $95.7M | 11.51% |
5,633,651
+445,751
| +9% | +$7.51M |
|
4
Hudbay
HBM
$9.76B
| $89.9M | 10.82% |
14,157,919
+2,312,179
| +20% | +$11.3M |
|
|
5
Alibaba
BABA
$276B
| $86.3M | 10.39% |
1,035,930
+670,098
| +183% | +$58.6M |
|
|
6
KraneShares CSI China Internet ETF
KWEB
$5.5B
| $82.5M | 9.93% |
+3,065,130
| New | +$85.2M |
|
7
Warrior Met Coal
HCC
$4.17B
| $82.4M | 9.92% |
2,115,228
+43,934
| +2% | +$1.59M |
|
8
BP
BP
$112B
| $64.2M | 7.73% |
1,819,704
+109,519
| +6% | +$4.05M |
|
|
9
Graphic Packaging
GPK
$3.35B
| $60.5M | 7.28% |
2,516,246
-366,247
| -13% | -$9.19M |
|
|
10
Shell
SHEL
$244B
| $25.6M | 3.08% |
+424,252
| New | +$25.5M |
|
|
ARCH
11
DELISTED
Arch Resources, Inc.
ARCH
| $13.6M | 1.63% |
+120,313
| New | +$14.4M |
|
12
CRH
CRH
$66.6B
| $11.7M | 1.4% |
+209,177
| New | +$10.4M |
|
13
Madrigal Pharmaceuticals
MDGL
$12.6B
| $10.6M | 1.27% |
+45,739
| New | +$12.4M |
|
|
FXLV
14
DELISTED
F45 Training Holdings Inc.
FXLV
| $708K | 0.09% |
1,415,297
-3,996,678
| -74% | -$3.4M |
|
|
15
ProShares UltraShort Bloomberg Crude Oil
SCO
$654M
| – | – |
-636,037
| Closed | -$67.3M |
|
|
16
TotalEnergies
TTE
$193B
| – | – |
-1,081,206
| Closed | -$63.8M |
|
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L1 Capital's Q2 2023 Portfolio in Review
As of Q2 2023, L1 Capital held 16 positions worth $831M, up 16% from $718M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
L1 Capital deployed $102M of net new capital in Q2 2023, opening 5 new positions and adding to 6 existing holdings. Its largest new stake was KraneShares CSI China Internet ETF: 3,065,130 shares worth $82.5M.
By sector, the portfolio is most concentrated in Energy at 36% of assets, down from 39% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Graphic Packaging, an estimated $9.19M trimmed.
- L1 Capital's largest Q2 2023 buy was KraneShares CSI China Internet ETF: 3,065,130 shares worth $82.5M.
- L1 Capital added most to Alibaba in Q2 2023, an estimated $58.6M increase.
- L1 Capital's biggest Q2 2023 reduction was Graphic Packaging, cutting an estimated $9.19M.
- L1 Capital fully exited ProShares UltraShort Bloomberg Crude Oil in Q2 2023, selling an estimated $67.3M.
- L1 Capital's ten largest holdings make up 96% of its $831M portfolio in Q2 2023.
- L1 Capital opened 5 new positions and closed 2 in Q2 2023.
- L1 Capital's portfolio value rose 16% quarter-over-quarter to $831M.
Based on L1 Capital's 13F filing for Q2 2023, filed 14 Aug 2023.