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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
-5.1%
1 Year Est. Return
+80.12%
3 Year Est. Return
+138.64%
5 Year Est. Return
+244.92%
10 Year Est. Return
–
AUM
$1.07B
AUM Growth
-$95.4M
(-8.2%)
Cap. Flow
+$114M
Cap. Flow
% of AUM
10.64%
Top 10 Holdings %
Top 10 Hldgs %
90.93%
Holding
17
New
3
Increased
9
Reduced
2
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alcoa
AA
|
+$60.5M |
| 2 |
Flutter Entertainment
FLUT
|
+$48.6M |
| 3 |
Warrior Met Coal
HCC
|
+$36.7M |
| 4 |
Equinox Gold
EQX
|
+$36.6M |
| 5 |
Hudbay
HBM
|
+$35.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NatWest
NWG
|
+$89M |
| 2 |
Barclays
BCS
|
+$60.7M |
| 3 |
Lloyds Banking Group
LYG
|
+$51.3M |
| 4 |
Graphic Packaging
GPK
|
+$43.8M |
| 5 |
Ryanair
RYAAY
|
+$5.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 52.51% |
| 2 | Energy | 23.43% |
| 3 | Consumer Discretionary | 12.77% |
| 4 | Industrials | 8.95% |
| 5 | Healthcare | 2.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Eldorado Gold
EGO
$8.33B
| $148M | 13.74% |
8,774,080
+1,621,173
| +23% | +$24.3M |
|
2
NexGen Energy
NXE
$5.91B
| $137M | 12.79% |
30,644,505
+3,226,055
| +12% | +$19.1M |
|
3
Cenovus Energy
CVE
$54.2B
| $114M | 10.64% |
8,214,366
+1,544,848
| +23% | +$22.3M |
|
|
4
Flutter Entertainment
FLUT
$18.7B
| $110M | 10.2% |
494,603
+187,471
| +61% | +$48.6M |
|
|
5
Hudbay
HBM
$9.76B
| $109M | 10.18% |
14,423,384
+4,410,778
| +44% | +$35.9M |
|
6
CRH
CRH
$66.6B
| $101M | 9.36% |
1,142,437
+274,062
| +32% | +$27M |
|
|
7
Ryanair
RYAAY
$30B
| $96.1M | 8.95% |
2,268,807
-112,823
| -5% | -$5.15M |
|
|
8
Equinox Gold
EQX
$7.07B
| $74.6M | 6.95% |
10,848,019
+5,710,310
| +111% | +$36.6M |
|
|
9
Alcoa
AA
$11.3B
| $52.7M | 4.91% |
+1,727,044
| New | +$60.5M |
|
|
10
Warrior Met Coal
HCC
$4.17B
| $34.3M | 3.19% |
+718,309
| New | +$36.7M |
|
|
TGB
11
Trekor Metals
TGB
$2.45B
| $28.2M | 2.63% |
+12,608,621
| New | +$26.8M |
|
|
12
Graphic Packaging
GPK
$3.35B
| $27.5M | 2.56% |
1,060,541
-1,635,484
| -61% | -$43.8M |
|
|
AVR
13
Anteris Technologies
AVR
$769M
| $25.1M | 2.33% |
6,886,480
+4,097,797
| +147% | +$26.3M |
|
|
SLSR
14
Solaris Resources
SLSR
$1.23B
| $16.6M | 1.54% |
4,929,623
+41,812
| +0.9% | +$146K |
|
|
15
Barclays
BCS
$87.8B
| – | – |
-22,621,299
| Closed | -$60.7M |
|
|
16
Lloyds Banking Group
LYG
$85.2B
| – | – |
-93,653,671
| Closed | -$51.3M |
|
|
17
NatWest
NWG
$69.9B
| – | – |
-22,133,598
| Closed | -$89M |
|
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L1 Capital's Q1 2025 Portfolio in Review
As of Q1 2025, L1 Capital held 17 positions worth $1.07B, down 8.2% from $1.17B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
L1 Capital deployed $114M of net new capital in Q1 2025, opening 3 new positions and adding to 9 existing holdings. Its largest new stake was Alcoa: 1,727,044 shares worth $52.7M.
By sector, the portfolio is most concentrated in Materials at 53% of assets, up from 30% a quarter earlier, followed by Energy and Consumer Discretionary.
On the sell side, the largest reduction was Graphic Packaging, an estimated $43.8M trimmed.
- L1 Capital's largest Q1 2025 buy was Alcoa: 1,727,044 shares worth $52.7M.
- L1 Capital added most to Flutter Entertainment in Q1 2025, an estimated $48.6M increase.
- L1 Capital's biggest Q1 2025 reduction was Graphic Packaging, cutting an estimated $43.8M.
- L1 Capital fully exited NatWest in Q1 2025, selling an estimated $89M.
- L1 Capital's ten largest holdings make up 91% of its $1.07B portfolio in Q1 2025.
- L1 Capital opened 3 new positions and closed 3 in Q1 2025.
- L1 Capital's portfolio value fell 8.2% quarter-over-quarter to $1.07B.
Based on L1 Capital's 13F filing for Q1 2025, filed 15 May 2025.