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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
-2.88%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$1.17B
AUM Growth
+$6.65M
(+0.57%)
Cap. Flow
+$422M
Cap. Flow
% of AUM
36.09%
Top 10 Holdings %
Top 10 Hldgs %
90.21%
Holding
16
New
5
Increased
1
Reduced
8
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Barclays
BCS
|
+$293M |
| 2 |
Lloyds Banking Group
LYG
|
+$267M |
| 3 |
Graphic Packaging
GPK
|
+$78M |
| 4 |
Equinox Gold
EQX
|
+$28.7M |
| 5 |
Eldorado Gold
EGO
|
+$19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Flutter Entertainment
FLUT
|
+$56.7M |
| 2 |
NatWest
NWG
|
+$50.8M |
| 3 |
CRH
CRH
|
+$50M |
| 4 |
Hudbay
HBM
|
+$32.5M |
| 5 |
VRN
Veren
VRN
|
+$27.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 30.87% |
| 2 | Materials | 30.02% |
| 3 | Financials | 17.19% |
| 4 | Consumer Discretionary | 11.71% |
| 5 | Industrials | 8.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
NexGen Energy
NXE
$5.91B
| $260M | 22.23% |
27,418,450
-3,308,831
| -11% | -$25M |
|
|
2
Hudbay
HBM
$9.76B
| $117M | 9.99% |
10,012,606
-3,625,056
| -27% | -$32.5M |
|
|
3
Eldorado Gold
EGO
$8.33B
| $106M | 9.1% |
7,152,907
+1,150,595
| +19% | +$19M |
|
4
Ryanair
RYAAY
$30B
| $104M | 8.88% |
2,381,630
-151,197
| -6% | -$6.75M |
|
5
Cenovus Energy
CVE
$54.2B
| $101M | 8.64% |
6,669,518
-746,180
| -10% | -$12M |
|
|
6
NatWest
NWG
$69.9B
| $89M | 7.61% |
22,133,598
-5,137,176
| -19% | -$50.8M |
|
|
7
CRH
CRH
$66.6B
| $80.3M | 6.87% |
868,375
-519,689
| -37% | -$50M |
|
|
8
Graphic Packaging
GPK
$3.35B
| $73.2M | 6.26% |
+2,696,025
| New | +$78M |
|
|
9
Flutter Entertainment
FLUT
$18.7B
| $63.6M | 5.44% |
307,132
-224,616
| -42% | -$56.7M |
|
|
10
Barclays
BCS
$87.8B
| $60.7M | 5.19% |
+22,621,299
| New | +$293M |
|
|
11
Lloyds Banking Group
LYG
$85.2B
| $51.3M | 4.39% |
+93,653,671
| New | +$267M |
|
|
12
Equinox Gold
EQX
$7.07B
| $25.8M | 2.21% |
+5,137,709
| New | +$28.7M |
|
|
SLSR
13
Solaris Resources
SLSR
$1.23B
| $21.8M | 1.86% |
4,887,811
-17,706
| -0.4% | -$47.8K |
|
|
AVR
14
Anteris Technologies
AVR
$769M
| $15.6M | 1.33% |
+2,788,683
| New | +$15.6M |
|
15
ArcelorMittal
MT
$49.5B
| – | – |
-777,421
| Closed | -$18.3M |
|
|
VRN
16
DELISTED
Veren
VRN
| – | – |
-3,325,690
| Closed | -$27.7M |
|
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L1 Capital's Q4 2024 Portfolio in Review
As of Q4 2024, L1 Capital held 16 positions worth $1.17B, up 0.57% from $1.16B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
L1 Capital deployed $422M of net new capital in Q4 2024, opening 5 new positions and adding to 1 existing holding. Its largest new stake was Barclays: 22,621,299 shares worth $60.7M.
By sector, the portfolio is most concentrated in Energy at 31% of assets, down from 36% a quarter earlier, followed by Materials and Financials.
On the sell side, the largest reduction was Flutter Entertainment, an estimated $56.7M trimmed.
- L1 Capital's largest Q4 2024 buy was Barclays: 22,621,299 shares worth $60.7M.
- L1 Capital added most to Eldorado Gold in Q4 2024, an estimated $19M increase.
- L1 Capital's biggest Q4 2024 reduction was Flutter Entertainment, cutting an estimated $56.7M.
- L1 Capital fully exited Veren in Q4 2024, selling an estimated $27.7M.
- L1 Capital's ten largest holdings make up 90% of its $1.17B portfolio in Q4 2024.
- L1 Capital opened 5 new positions and closed 2 in Q4 2024.
- L1 Capital's portfolio value rose 0.57% quarter-over-quarter to $1.17B.
Based on L1 Capital's 13F filing for Q4 2024, filed 14 Feb 2025.