Q4 2025 · 13F-HR
L1 Capital Pty Ltdholdings as filed
Filed 2026-02-13 · accession 0001817646-26-000003
$1.92B
Reported value
20
Positions
2025-12-31
Period end
The Brief · L1 Capital Pty Ltd · Q4 2025
AI · grounded in 13F
L1 Capital Pty Ltd exited its position in Hudbay Minerals Inc HBM, reducing its exposure by $134.1M. The fund established a new position in Intercontinental Exchange Inc ICE valued at $110M. Other notable activity includes closing positions in Charter Communications Inc N CHTR for $63.7M and Denison Mines Corp DNN for $44.4M, while increasing its stake in Zillow Group Inc Z by 24,803.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 284902509 | EGO | ELDORADO GOLD CORP NEW | $346.3M | 18.1% | 9,640,407 | Common | SOLE |
| 65340P106 | NXE | NEXGEN ENERGY LTD | $309.1M | 16.1% | 33,642,681 | Common | SOLE |
| 29446Y502 | EQX | EQUINOX GOLD CORP | $283.1M | 14.8% | 20,164,556 | Common | SOLE |
| 876511106 | TGB | TASEKO MINES LTD | $201.2M | 10.5% | 35,545,632 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $126.6M | 6.61% | 4,273,704 | Common | SOLE |
| 98954M200 | Z | ZILLOW GROUP INC | $118.0M | 6.15% | 1,729,313 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $110.0M | 5.74% | 679,203 | Common | SOLE |
| 15135U109 | CVE | CENOVUS ENERGY INC | $95.7M | 4.99% | 5,655,769 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $82.1M | 4.28% | 1,545,476 | Common | SOLE |
| 01921D204 | AAUC | ALLIED GOLD CORP | $33.8M | 1.76% | 1,476,184 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $33.2M | 1.73% | 203,632 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $29.9M | 1.56% | 138,851 | Common | SOLE |
| 83419D201 | SLSR | SOLARIS RES INC | $25.9M | 1.35% | 3,229,384 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATLS INC | $24.8M | 1.30% | 120,143 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $21.0M | 1.09% | 730,264 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $20.6M | 1.08% | 1,252,077 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $18.4M | 0.96% | 503,481 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $16.5M | 0.86% | 305,255 | Common | SOLE |
| 03675P102 | AVR | ANTERIS TECHNOLOGIES GLOBAL | $14.0M | 0.73% | 2,812,000 | Common | SOLE |
| 46500E867 | ISOU | ISOENERGY LTD | $6.8M | 0.35% | 746,588 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.