L1 Capital Pty Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
L1 Capital Pty Ltd disclosed 19 US equity positions worth $1.6bn in its Q3 2025 13F filing. The largest position was NXE at 16.5% of the reported book, followed by AA and EQX. Against the Q2 2025 filing, it opened 4 new positions, added to 6 and reduced 8 among the top 19 holdings.
What did L1 Capital Pty Ltd own in Q3 2025? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | NXE NEXGEN ENERGY LTD | Energy | 16.5% | $260.6m | 30,838,591 | -9% | reduced |
| 2 | AA ALCOA CORP | Basic Materials | 13.9% | $219.7m | 5,887,699 | 22% | added |
| 3 | EQX EQUINOX GOLD CORP | Basic Materials | 12.9% | $203.7m | 17,396,415 | -27% | reduced |
| 4 | EGO ELDORADO GOLD CORP NEW | Basic Materials | 12.1% | $190.9m | 7,128,239 | -5% | reduced |
| 5 | HBM HUDBAY MINERALS INC | Basic Materials | 8.5% | $134.1m | 8,379,964 | -44% | reduced |
| 6 | CVE CENOVUS ENERGY INC | Energy | 7.2% | $113.7m | 6,517,479 | -3% | reduced |
| 7 | TKOEUR TASEKO MINES LTD | 6.8% | $107.7m | 24,479,399 | 18% | added | |
| 8 | NWS NEWS CORP NEW | Communication Services | 6.5% | $102.6m | 3,387,548 | – | new |
| 9 | CHTR CHARTER COMMUNICATIONS INC N | Communication Services | 4.0% | $63.7m | 289,544 | – | new |
| 10 | DNN DENISON MINES CORP | Energy | 2.8% | $44.4m | 14,007,218 | 4544% | added |
| 11 | CRH CRH PLC | Basic Materials | 2.5% | $40.3m | 356,888 | -72% | reduced |
| 12 | HCC WARRIOR MET COAL INC | Basic Materials | 2.4% | $37.3m | 458,915 | -77% | reduced |
| 13 | SLSR SOLARIS RES INC | 2.1% | $32.6m | 4,929,623 | 0% | held | |
| 14 | AVR ANTERIS TECHNOLOGIES GLOBAL | 1.7% | $27.2m | 6,838,136 | 143% | added | |
| 15 | NUE NUCOR CORP | Basic Materials | 0.1% | $1.6m | 11,386 | 124% | added |
| 16 | IAG IAMGOLD CORP | Basic Materials | 0.1% | $1.5m | 117,958 | 25% | added |
| 17 | FCX FREEPORT-MCMORAN INC | Basic Materials | 0.1% | $1.0m | 25,475 | – | new |
| 18 | AERCAP HOLDINGS NV | 0.1% | $833.9k | 6,272 | – | new | |
| 19 | Z ZILLOW GROUP INC | Communication Services | 0.0% | $506.9k | 6,944 | -98% | 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.