L1 Capital International Pty Ltd
CIK 2009023 · View on SEC EDGAR ↗
- Portfolio value
- $1.7B
- Positions
- 21
- As of
- June 30, 2026
Portfolio value QoQ: +1.8% 13F does not disclose cash
- Top 10 holdings weight
- 70.14%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 21
- Effective number of positions
- 16.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 9.82% Est. buys $256,535,548 · sells $166,252,411
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 77.8% still held
- New positions
- 0
- Increased
- 10
- Decreased
- 11
- Closed
- 2
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: -1.7% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 100.0% · Options excluded: 0.0%
Sector breakdown
Full portfolio 21 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| AER AerCap Holdings N.V. Ordinary Shares | $189,721,882 | 11.11% | 1,301,426 | $5,215,879 | Down ×2 | ||
| AMZN Amazon.com, Inc. - Common Stock | $170,000,772 | 9.96% | 713,270 | $15,158,900 | Down ×2 | ||
| NVDA NVIDIA Corporation - Common Stock | $125,358,386 | 7.34% | 626,510 | $57,269,487 | Up ×1 | ||
| CRH CRH PLC Ordinary Shares | $120,953,121 | 7.08% | 1,130,403 | $-1,775,530 | Down ×2 | ||
| V Visa Inc. | $109,685,530 | 6.42% | 319,699 | $9,838,733 | Down ×1 | ||
| MA Mastercard Incorporated Common Stock | $106,905,840 | 6.26% | 208,150 | $5,802,637 | Up ×6 | ||
| BKNG Booking Holdings Inc. - Common Stock | $101,910,502 | 5.97% | 571,760 | $2,328,013 | Up ×1 | ||
| DHR Danaher Corporation Common Stock | $96,621,361 | 5.66% | 507,252 | $21,550,568 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $89,253,614 | 5.23% | 239,273 | $-35,860,515 | Down ×2 | ||
| J Jacobs Solutions Inc. Common Stock | $87,243,282 | 5.11% | 692,407 | $-3,669,131 | Down ×2 | ||
| ICE Intercontinental Exchange Inc. Common Stock | $87,152,647 | 5.10% | 707,925 | $-9,844,760 | Up ×1 | ||
| MRSH Marsh Common Stock | $56,833,970 | 3.33% | 340,997 | $-4,365,434 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $49,020,086 | 2.87% | 137,169 | $8,136,243 | Down ×2 | ||
| AXP American Express Company Common Stock | $48,829,094 | 2.86% | 144,358 | $10,595,017 | Up ×1 | ||
| HCA HCA Healthcare, Inc. Common Stock | $46,121,648 | 2.70% | 118,294 | $28,248,793 | Up ×1 | ||
| UBER Uber Technologies, Inc. Common Stock | $45,753,264 | 2.68% | 634,053 | $-1,465,616 | Down ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $43,671,941 | 2.56% | 123,601 | $28,484,425 | Up ×1 | ||
| APO Apollo Global Management, Inc. (New) Common Stock | $39,776,177 | 2.33% | 336,203 | $10,420,127 | Up ×1 | ||
| INTU Intuit Inc. - Common Stock | $38,992,617 | 2.28% | 149,397 | $-27,749,992 | Down ×1 | ||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $27,054,341 | 1.58% | 56,650 | $11,552,574 | Up ×2 | ||
| TTEK Tetra Tech, Inc. - Common Stock | $26,735,759 | 1.57% | 925,433 | $-2,063,961 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| MA | $106,905,840 | 6.26% | up ×6 |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| NVDA | Bought more | +236K | +$57.3M |
| MSFT | Trimmed | -99K | -$35.9M |
| GOOG | Bought more | +71K | +$28.5M |
| HCA | Bought more | +81K | +$28.2M |
| INTU | Trimmed | -5K | -$27.7M |
| DHR | Bought more | +111K | +$21.6M |
| AMZN | Trimmed | -30K | +$15.2M |
| TSM | Bought more | +11K | +$11.6M |
| AXP | Bought more | +18K | +$10.6M |
| APO | Bought more | +73K | +$10.4M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CDW | June 30, 2026 | 410,954 | $49,733,653 | -5.4% |
| CRM | June 30, 2026 | 258,225 | $48,202,861 | 31.2% |
| EXP | Sept. 30, 2025 | 84,795 | $19,092,442 | -12.1% |
| UNH | June 30, 2025 | 29,659 | $15,533,901 | 24.2% |
| CCEP | March 31, 2025 | 99,960 | $7,677,928 | 23.8% |
| CME | March 31, 2025 | 25,650 | $5,956,700 | 2.9% |