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L1 Capital Portfolio holdings

AUM $2.97B
1-Year Est. Return 43.46%
This Fund
S&P 500
This Quarter Est. Return
+0.43%
1 Year Est. Return
+43.46%
3 Year Est. Return
+126.51%
5 Year Est. Return
+187.16%
10 Year Est. Return
–
AUM
$1.09B
AUM Growth
-$109M
Cap. Flow
-$64.3M
Cap. Flow %
-5.88%
Top 10 Hldgs %
100%
Holding
14
New
4
Increased
3
Reduced
2
Closed
5

Top Buys

Rank Stock Value
1
NWG icon
NatWest
NWG
+$178M
2
DELL icon
Dell
DELL
+$56.7M
3
VRN
Veren
VRN
+$52.6M
4
NXE icon
NexGen Energy
NXE
+$47.7M
5
FLUT icon
Flutter Entertainment
FLUT
+$33.7M

Top Sells

Rank Stock Value
1
TECK icon
Teck Resources
TECK
+$134M
2
TSM icon
TSMC
TSM
+$88.9M
3
AA icon
Alcoa
AA
+$72.7M
4
GPK icon
Graphic Packaging
GPK
+$59.5M
5
WCC
WESCO International
WCC
+$58.8M

Sector Composition

Rank Sector Weight
1 Energy 49.78%
2 Materials 24.27%
3 Consumer Discretionary 8.62%
4 Financials 6.55%
5 Miscellaneous 5.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXE icon
1
NexGen Energy
NXE
$6.32B
$289M 26.39%
30,313,830
+6,230,520
+26% +$47.7M
CVE icon
2
Cenovus Energy
CVE
$62.8B
$189M 17.24%
9,598,775
-113,105
-1% -$2.29M
HBM icon
3
Hudbay
HBM
$11.2B
$133M 12.17%
10,759,528
-5,130,936
-32% -$44.5M
CRH icon
4
CRH
CRH
$58.8B
$132M 12.1%
1,766,626
+340,471
+24% +$27.2M
FLUT icon
5
Flutter Entertainment
FLUT
$17.5B
$94.4M 8.62%
652,427
+174,950
+37% +$33.7M
NWG icon
6
NatWest
NWG
$73.6B
$71.7M 6.55%
+22,986,128
New +$178M
VRN
7
DELISTED
Veren
VRN
$67.4M 6.15%
+6,242,876
New +$52.6M
EGO icon
8
CALL
Eldorado Gold
EGO
$10.4B
$59.8M 5.46%
+4,042,196
New +$61.3M
DELL icon
9
Dell
DELL
$349B
$58.3M 5.33%
+423,096
New +$56.7M
AA icon
10
Alcoa
AA
$12.2B
– –
-2,187,849
Closed -$72.7M
GPK icon
11
Graphic Packaging
GPK
$2.85B
– –
-2,044,002
Closed -$59.5M
TECK icon
12
Teck Resources
TECK
$31.5B
– –
-3,050,078
Closed -$134M
TSM icon
13
TSMC
TSM
$2.15T
– –
-650,273
Closed -$88.9M
WCC
14
WESCO International
WCC
$16.3B
– –
-344,281
Closed -$58.8M

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EWA
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GI
GLOBALT Investments Atlanta, Georgia $2.97B AUM 23.94% 1-Year Est. Return
MSL
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ACIM
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SW
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FI
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WBG
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L1 Capital's Q2 2024 Portfolio in Review

As of Q2 2024, L1 Capital held 14 positions worth $1.09B, down 9.1% from $1.2B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

L1 Capital withdrew a net $64.3M in Q2 2024, closing 5 positions and reducing 2 holdings. Its most notable exit was Teck Resources, an estimated $134M position sold in full.

By sector, the portfolio is most concentrated in Energy at 50% of assets, up from 37% a quarter earlier, followed by Materials and Consumer Discretionary.

Against the trend, L1 Capital opened a new position in NatWest worth $71.7M.

  • L1 Capital's largest Q2 2024 buy was NatWest: 22,986,128 shares worth $71.7M.
  • L1 Capital added most to NexGen Energy in Q2 2024, an estimated $47.7M increase.
  • L1 Capital's biggest Q2 2024 reduction was Hudbay, cutting an estimated $44.5M.
  • L1 Capital fully exited Teck Resources in Q2 2024, selling an estimated $134M.
  • L1 Capital's ten largest holdings make up 100% of its $1.09B portfolio in Q2 2024.
  • L1 Capital opened 4 new positions and closed 5 in Q2 2024.
  • L1 Capital's portfolio value fell 9.1% quarter-over-quarter to $1.09B.

Based on L1 Capital's 13F filing for Q2 2024, filed 14 Aug 2024.