1y return+44.0%S&P 500 +20.9%
3y return+156.3%S&P 500 +68.5%
5y return+159.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2020: $562 against $242 in the S&P 500.2
L1 Capital Pty LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| EGOEldorado Gold Corp New | $448.2M | 15.1% | +38.1% |
| NXENexgen Energy Ltd | $328.7M | 11.0% | |
| Amcor PLCCUSIP G0250X149 | $290.9M | 9.8% | +52.5% |
| EQXEquinox Gold Corp | $263.0M | 8.8% | +11.2% |
| CGAUCenterra Gold Inc | $259.0M | 8.7% | +131.7% |
| TGBTrekor Metals Ltd | $238.7M | 8.0% | New |
| HBMHudbay Minerals Inc | $235.5M | 7.9% | New |
| BTGB2gold Corp | $182.7M | 6.1% | New |
| Crh PLCCUSIP G25508105 | $135.3M | 4.5% | −31.7% |
| OGCOceanagold Corp | $79.1M | 2.7% | New |
| AVRAnteris Technologies Global | $76.7M | 2.6% | |
| AAAlcoa Corp | $74.9M | 2.5% | New |
| HDBHdfc Bank Ltd | $56.7M | 1.9% | +72.9% |
| NWSNews Corp New | $56.0M | 1.9% | −52.9% |
| BLDRBuilders Firstsource Inc | $53.7M | 1.8% | +105.2% |
| AYAAya Gold & Silver Inc | $39.3M | 1.3% | New |
| Nu Hldgs LtdCUSIP G6683N103 | $35.2M | 1.2% | +23.7% |
| ISOUIsoenergy Ltd | $27.7M | 0.9% | +11.8% |
| IAGIamgold Corp | $24.0M | 0.8% | |
| FERGFerguson Enterprises Inc | $20.0M | 0.7% | New |
| ZZillow Group Inc | $15.7M | 0.5% | −60.7% |
| INTUIntuit | $13.0M | 0.4% | New |
| Lithium Argentina AgCUSIP H5012F103 | $11.3M | 0.4% | New |
| SGMLSigma Lithium Corporation | $9.7M | 0.3% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NXENexgen Energy Ltd | June 30, 2021 | +129.0% | $328.7M |
| IAGIamgold Corp | June 30, 2025 | +115.5% | $24.0M |
| EQXEquinox Gold Corp | December 31, 2024 | +93.6% | $263.0M |
| EGOEldorado Gold Corp New | September 30, 2024 | +79.0% | $448.2M |
| AVRAnteris Technologies Global | December 31, 2024 | +76.5% | $76.7M |
| ISOUIsoenergy Ltd | December 31, 2025 | +9.6% | $27.7M |
| Amcor PLCCUSIP G0250X149 | March 31, 2026 | +9.1% | $290.9M |
| BLDRBuilders Firstsource Inc | March 31, 2026 | +8.7% | $53.7M |
| Crh PLCCUSIP G25508105 | March 31, 2026 | +1.8% | $135.3M |
| Nu Hldgs LtdCUSIP G6683N103 | March 31, 2026 | −7.0% | $35.2M |
Sold off last quarter
- Taseko Mines LtdCUSIP 876511106 was $226.5M
- Flutter Entmt PLCCUSIP G3643J108 was $180.4M
- Proshares Tr IICUSIP 74347Y797 was $43.2M
- EXPEagle Matls Inc was $40.6M
- TECKTeck Resources Ltd was $32.8M
- Carnival CorpCUSIP 143658300 was $18.5M
- Norwegian Cruise Line HldgsCUSIP G66721104 was $17.0M
- SLSRSolaris Res Inc was $17.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −7.3% | +14.8% |
| March 31, 2026 | +6.3% | −4.6% |
| December 31, 2025 | +18.2% | +2.4% |
| September 30, 2025 | +23.7% | +7.8% |
| June 30, 2025 | +20.1% | +10.5% |
| March 31, 2025 | +7.0% | −4.6% |
| December 31, 2024 | −1.1% | +2.1% |
| September 30, 2024 | +3.7% | +5.4% |
| June 30, 2024 | +1.8% | +4.0% |
| March 31, 2024 | +15.0% | +10.0% |
| December 31, 2023 | +4.3% | +11.2% |
| September 30, 2023 | +10.6% | −3.6% |
| June 30, 2023 | +0.3% | +8.3% |
| March 31, 2023 | −2.8% | +7.0% |
| December 31, 2022 | +20.0% | +7.1% |
| September 30, 2022 | −12.5% | −5.3% |
| June 30, 2022 | −18.1% | −16.5% |
| March 31, 2022 | +13.9% | −4.9% |
| December 31, 2021 | +1.7% | +10.7% |
| September 30, 2021 | +4.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: L1 Capital Pty Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1817646&type=13F-HR&dateb=&owner=include&count=40CIK 1817646
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1817646/000181764626000021/Filed August 13, 2026 · accession 0001817646-26-000021