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L1 Capital Pty Ltd

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13F filer, CIK 1817646, MELBOURNE VIC 3000, Australia

L1 Capital Pty Ltd reported $1,073,797,857 across 14 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 90.93% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001085146-25-003358

Period
2025-03-31
Reported value
$1.07B
Holdings
14
Top 10 weight
90.93%
New
3
Sold out
3

Stakes and trades reported after 2025-03-31

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • SGML SIGMA LITHIUM CORPORATION: 13G 11,522,140 shares, 10.24% of the class, 13G filed 2026-10-07, 0001817646-26-000030Timeline
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AAnew+1,727,044$52.7M
FLUTadded+187,471$41.5M
EQXadded+5,710,310$39.3M
HCCnew+718,309$34.3M
HBMadded+4,410,778$33.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NWGexited-22,133,598-$89M
BCSexited-22,621,299-$60.7M
LYGexited-93,653,671-$51.3M
GPKreduced-1,635,484-$42.5M
RYAAYreduced-112,823-$4.78M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001085146-25-003358, largest first. % of portfolio is the value over $1,073,797,857, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
EGOELDORADO GOLD CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,002,312 shares; 2024Q4: 7,152,907 shares; 2025Q1: 8,774,080 shares 8,774,080$148M13.74%+1,621,173Timeline
NXENEXGEN ENERGY LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,727,281 shares; 2024Q4: 27,418,450 shares; 2025Q1: 30,644,505 shares 30,644,505$137M12.79%+3,226,055Timeline
CVECENOVUS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,415,698 shares; 2024Q4: 6,669,518 shares; 2025Q1: 8,214,366 shares 8,214,366$114M10.64%+1,544,848Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 531,748 shares; 2024Q4: 307,132 shares; 2025Q1: 494,603 shares 494,603$110M10.2%+187,471Timeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,637,662 shares; 2024Q4: 10,012,606 shares; 2025Q1: 14,423,384 shares 14,423,384$109M10.18%+4,410,778Timeline
CRHCRH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,388,064 shares; 2024Q4: 868,375 shares; 2025Q1: 1,142,437 shares 1,142,437$101M9.36%+274,062Timeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,532,827 shares; 2024Q4: 2,381,630 shares; 2025Q1: 2,268,807 shares 2,268,807$96.1M8.95%-112,823Timeline
EQXEQUINOX GOLD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,137,709 shares; 2025Q1: 10,848,019 shares 10,848,019$74.6M6.95%+5,710,310Timeline
AAALCOA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,727,044 shares 1,727,044$52.7M4.91%newTimeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 718,309 shares 718,309$34.3M3.19%newTimeline
TGBTASEKO MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,608,621 shares 12,608,621$28.2M2.63%newTimeline
GPKGRAPHIC PACKAGING HLDG COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,696,025 shares; 2025Q1: 1,060,541 shares 1,060,541$27.5M2.56%-1,635,484Timeline
AVRANTERIS TECHNOLOGIES GLOBALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,788,683 shares; 2025Q1: 6,886,480 shares 6,886,480$25.1M2.33%+4,097,7972026-10-06, Form 4: bought 272,695 shares on 2026-10-06 Timeline
SLSRSOLARIS RES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,905,517 shares; 2024Q4: 4,887,811 shares; 2025Q1: 4,929,623 shares 4,929,623$16.6M1.54%+41,812Timeline

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NWGNATWEST GROUP PLC22,133,598$89Mshares
BCSBARCLAYS PLC22,621,299$60.7Mshares
LYGLLOYDS BANKING GROUP PLC93,653,671$51.3Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001085146-25-003358 base2025-05-15acceptance time not in the bulk data set