L1 Capital Pty Ltd

CIK 0001817646 · Q2 2026

13F Equity AUM

$3.0B

+16.8% QoQ

Positions

+2 QoQ

AUM Rank

#1,203

Top 14%

Skill Alpha (FF)

+12.2%/yr^ns

No Clear Edge

Rank #293 · Top 4%

vs S&P +16.7%/yr (unadj.)

Quarters Tracked

~6 years

Portfolio Concentration

Top 5: 53.4%Top 10: 82.7%Top 20: 98.3%

ELD15.1%

NXE11.1%

AMCOR PLC9.8%

EQX8.8%

CG8.7%

TREKOR METALS LTD8.0%

HBM7.9%

BTO6.1%

CRH.L4.5%

OGC2.7%

Others (14)17.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Basic Materials30.7%

Financial Services26.9%

Unclassified21.8%

Energy11.1%

Healthcare3.5%

Industrials2.5%

Communication Services2.4%

Other1.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 24Median: 2.21%Avg: 4.17%

0–0.5%

3(1.1%)

0.5–1%

4(2.9%)

1–3%

8(15.8%)

3–5%

1(4.5%)

5%+

8(75.5%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 24vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New10Increased9Decreased4Exited8

New Positions

TREKOR METALS LTD8.0%

+34.7M

HBM7.9%

+10.0M

BTO6.1%

+48.8M

OGC2.7%

+3.2M

AA2.5%

+1.4M

AYA1.3%

+2.1M

FERG0.7%

+84K

INTU0.4%

+50K

LAR0.4%

+1.4M

SGML0.3%

+767K

Increased

CG8.7%

+9.3M(+132%)

ELD15.1%

+4.0M(+38%)

EQX8.8%

+2.7M(+11%)

AMCOR PLC9.8%

+2.3M(+53%)

HDB1.9%

+926K(+73%)

NU1.2%

+504K(+24%)

BLDR1.8%

+308K(+105%)

ISO0.9%

+294K(+12%)

IMG0.8%

+3K(+0%)

Decreased

NWS1.9%

-2,239,068(-53%)

Z0.5%

-769,986(-61%)

CRH.L4.5%

-585,804(-32%)

NXE11.1%

-228,546(-1%)

Exited

TGB

-35,110,589

FLUTTER ENTMT PLC

-1,769,255

-5,187,995

-214,538

-634,547

-715,980

-1,967,387

-911,342

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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