L1 Capital Pty Ltd

Q4 2025 13F-HR Holdings

Location
Melbourne Vic 3000, C3
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
20
Total value ($000)
$1,917,107
Net value change ($000)
+333,130 (21.0%)
New positions
8
Sold out positions
7
Turnover %
30.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
EGO 155,389 81.4%
ZG 117,467 23169.0%
ICE 110,004 NEW
TGB 93,481 86.8%
EQX 79,398 39.0%
NXE 48,559 18.6%
AAUC 33,826 NEW
NUE 31,571 1921.5%
FLUT 29,859 NEW
EXP 24,831 NEW
Top Reduces (Value $000, Stocks/ETFs)
AA -137,602 -62.6%
HBM -134,079 -100.0%
CHTR -63,659 -100.0%
DNN -44,403 -100.0%
CRH -40,328 -100.0%
HCC -37,259 -100.0%
CVE -17,969 -15.8%
AVR -13,184 -48.4%
SLSR -6,752 -20.7%
FCX -1,014 -100.0%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type