L1 Capital International Pty Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
L1 Capital International Pty Ltd disclosed 21 US equity positions worth $1.9bn in its Q4 2025 13F filing. The largest position was AERCAP HOLDINGS NV at 11.4% of the reported book, followed by AMZN and MSFT. Against the Q3 2025 filing, it opened 2 new positions, added to 18 and reduced 1 among the top 21 holdings.
What did L1 Capital International Pty Ltd own in Q4 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | AERCAP HOLDINGS NV | 11.4% | $219.6m | 1,527,454 | 344% | added | |
| 2 | AMZN AMAZON COM INC | Consumer Cyclical | 9.0% | $173.9m | 753,367 | 358% | added |
| 3 | MSFT MICROSOFT CORP | Technology | 8.6% | $165.6m | 342,401 | 322% | added |
| 4 | CRH CRH PLC | Basic Materials | 7.6% | $147.6m | 1,183,012 | 340% | added |
| 5 | BKNG BOOKING HOLDINGS INC | Consumer Cyclical | 6.6% | $126.7m | 23,665 | 367% | added |
| 6 | V VISA INC | Financial Services | 5.8% | $112.1m | 319,684 | 358% | added |
| 7 | MA MASTERCARD INCORPORATED | Financial Services | 5.7% | $110.5m | 193,609 | 359% | added |
| 8 | ICE INTERCONTINENTAL EXCHANGE IN | Financial Services | 5.5% | $106.5m | 657,279 | 369% | added |
| 9 | INTU INTUIT | Technology | 5.0% | $97.0m | 146,458 | 365% | added |
| 10 | J JACOBS SOLUTIONS INC | Industrials | 5.0% | $95.8m | 723,533 | 364% | added |
| 11 | DHR DANAHER CORPORATION | Healthcare | 4.7% | $91.6m | 400,246 | 305% | added |
| 12 | NVDA NVIDIA CORPORATION | Technology | 3.8% | $73.4m | 393,598 | 423% | added |
| 13 | CRM SALESFORCE INC | Technology | 3.5% | $67.7m | 255,733 | – | new |
| 14 | MRSH MARSH & MCLENNAN COS INC | Financial Services | 3.4% | $66.3m | 357,469 | 353% | added |
| 15 | GOOGL ALPHABET INC | Communication Services | 3.4% | $65.2m | 208,288 | – | new |
| 16 | UBER UBER TECHNOLOGIES INC | Technology | 2.8% | $54.4m | 665,918 | 359% | added |
| 17 | AXP AMERICAN EXPRESS CO | Financial Services | 2.5% | $47.7m | 128,875 | 367% | added |
| 18 | HCA HCA HEALTHCARE INC | Healthcare | 2.2% | $42.9m | 91,987 | 180% | added |
| 19 | CDW CDW CORP | Technology | 2.0% | $38.4m | 282,072 | 369% | added |
| 20 | GOOG ALPHABET INC | Communication Services | 0.9% | $18.4m | 58,547 | 22% | added |
| 21 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.7% | $13.2m | 43,329 | -84% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.