L1 Capital Pty Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
L1 Capital Pty Ltd disclosed 30 US equity positions worth $1.7bn in its Q2 2025 13F filing. The largest position was NXE at 14.2% of the reported book, followed by HBM and EGO. Against the Q1 2025 filing, it opened 17 new positions, added to 7 and reduced 5 among the top 30 holdings.
What did L1 Capital Pty Ltd own in Q2 2025? Top 30 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NXE NEXGEN ENERGY LTD | Energy | 14.2% | $234.7m | 33,816,063 | 10% | added |
| 2 | HBM HUDBAY MINERALS INC | Basic Materials | 9.7% | $159.9m | 15,054,087 | 4% | added |
| 3 | EGO ELDORADO GOLD CORP NEW | Basic Materials | 9.2% | $152.4m | 7,493,579 | -15% | reduced |
| 4 | AA ALCOA CORP | Basic Materials | 8.6% | $142.1m | 4,814,342 | 179% | added |
| 5 | EQX EQUINOX GOLD CORP | Basic Materials | 8.3% | $137.5m | 23,908,865 | 120% | added |
| 6 | FLUTTER ENTMT PLC | 8.2% | $136.3m | 481,009 | -3% | reduced | |
| 7 | LYG LLOYDS BANKING GROUP PLC | Financial Services | 8.2% | $135.9m | 129,076,191 | – | new |
| 8 | CRH CRH PLC | Basic Materials | 7.2% | $118.9m | 1,295,560 | 13% | added |
| 9 | CVE CENOVUS ENERGY INC | Energy | 5.5% | $90.9m | 6,685,087 | -19% | reduced |
| 10 | HCC WARRIOR MET COAL INC | Basic Materials | 5.5% | $90.8m | 1,981,045 | 176% | added |
| 11 | NWG NATWEST GROUP PLC | 4.4% | $72.9m | 10,382,579 | – | new | |
| 12 | TKOEUR TASEKO MINES LTD | 3.9% | $65.1m | 20,681,607 | 64% | added | |
| 13 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 2.1% | $34.4m | 595,657 | -74% | reduced |
| 14 | Z ZILLOW GROUP INC | Communication Services | 1.6% | $26.7m | 380,462 | – | new |
| 15 | AVR ANTERIS TECHNOLOGIES GLOBAL | 1.6% | $26.1m | 2,812,000 | -59% | reduced | |
| 16 | SLSR SOLARIS RES INC | 1.4% | $22.6m | 4,929,623 | 0% | held | |
| 17 | TSM TAIWAN SEMICONDUCTOR MFG LTD | Technology | 0.2% | $2.9m | 12,779 | – | new |
| 18 | EXP EAGLE MATLS INC | Basic Materials | 0.0% | $724.6k | 3,585 | – | new |
| 19 | IAG IAMGOLD CORP | Basic Materials | 0.0% | $693.2k | 94,310 | – | new |
| 20 | NUE NUCOR CORP | Basic Materials | 0.0% | $658.2k | 5,081 | – | new |
| 21 | DNN DENISON MINES CORP | Energy | 0.0% | $551.9k | 301,620 | – | new |
| 22 | ING ING GROEP N.V. | Financial Services | 0.0% | $523.2k | 23,832 | – | new |
| 23 | DAL DELTA AIR LINES INC DEL | Industrials | 0.0% | $518.6k | 10,544 | – | new |
| 24 | UBER UBER TECHNOLOGIES INC | Technology | 0.0% | $260.5k | 2,792 | – | new |
| 25 | AMZN AMAZON COM INC | Consumer Cyclical | 0.0% | $258.9k | 1,180 | – | new |
| 26 | CRM SALESFORCE INC | Technology | 0.0% | $176.7k | 648 | – | new |
| 27 | BSX BOSTON SCIENTIFIC CORP | Healthcare | 0.0% | $128.9k | 1,200 | – | new |
| 28 | GOOGL ALPHABET INC | Communication Services | 0.0% | $120.4k | 683 | – | new |
| 29 | BA BOEING CO | Industrials | 0.0% | $83.8k | 400 | – | new |
| 30 | XENE XENON PHARMACEUTICALS INC | Healthcare | 0.0% | $40.6k | 1,296 | – | new |
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.