L1 Capital Pty Ltd

MELBOURNE VIC 3000, C3 · CIK 1817646 · 13F filing filed 2026-08-13

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityL1 CAPITAL PTY LTD (AU)

$3.0bn reported value +16.8% vs Q1 2026

24positions

82.7%in top 10

10 new 9 added 4 reduced 8 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ELDORADO GOLD CORP NEW COM EGO	EGO	14,417,557	$448.2m15.07%	15.07%	Added +4.0m	+3,977,224 38.1%
2	NEXGEN ENERGY LTD COM NXE	NXE	34,992,263	$328.7m11.05%	11.05%	Reduced -228.5k	-228,546 -0.7%
3	AMCOR PLC COM NEW AMCR	AMCR	6,710,648	$290.9m9.78%	9.78%	Added +2.3m	+2,310,434 52.5%
4	EQUINOX GOLD CORP COM EQX	EQX	27,055,865	$263.0m8.84%	8.84%	Added +2.7m	+2,724,700 11.2%
5	CENTERRA GOLD INC COM CGAU	CGAU	16,337,154	$259.0m8.70%	8.70%	Added +9.3m	+9,285,471 131.7%
6	TREKOR METALS LTD COM TGB	TGB	34,687,011	$238.7m8.02%	8.02%	New
7	HUDBAY MINERALS INC COM HBM	HBM	9,977,133	$235.5m7.92%	7.92%	New
8	B2GOLD CORP COM BTG	BTG	48,837,914	$182.7m6.14%	6.14%	New
9	CRH PLC ORD CRH	CRH	1,264,527	$135.3m4.55%	4.55%	Reduced -585.8k	-585,804 -31.7%
10	OCEANAGOLD CORP COM NEW OGC	OGC	3,157,907	$79.1m2.66%	2.66%	New
11	ANTERIS TECHNOLOGIES GLOBAL COM AVR	AVR	7,789,000	$76.7m2.58%	2.58%	Unchanged
12	ALCOA CORP COM AA	AA	1,435,645	$74.9m2.52%	2.52%	New
13	HDFC BANK LTD SPONSORED ADS HDB	HDB	2,194,495	$56.7m1.91%	1.91%	Added +925.6k	+925,605 73.0%
14	NEWS CORP NEW CL B NWS	NWS	1,995,900	$56.0m1.88%	1.88%	Reduced -2.2m	-2,239,068 -52.9%
15	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	600,269	$53.7m1.81%	1.81%	Added +307.8k	+307,766 105.2%
16	AYA GOLD & SILVER INC COM AYA	AYA	2,074,017	$39.3m1.32%	1.32%	New
17	NU HLDGS LTD ORD SHS CL A NU	NU	2,634,319	$35.2m1.18%	1.18%	Added +504.2k	+504,153 23.7%
18	ISOENERGY LTD COM NEW ISOU	ISOU	2,778,857	$27.7m0.93%	0.93%	Added +293.8k	+293,780 11.8%
19	IAMGOLD CORP COM IAG	IAG	1,512,374	$24.0m0.81%	0.81%	Added +2.6k	+2,632 0.2%
20	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	84,104	$20.0m0.67%	0.67%	New
21	ZILLOW GROUP INC CL C CAP STK Z	Z	499,342	$15.7m0.53%	0.53%	Reduced -770.0k	-769,986 -60.7%
22	INTUIT COM INTU	INTU	49,972	$13.0m0.44%	0.44%	New
23	LITHIUM ARGENTINA AG COM SHS LAR	LAR	1,369,956	$11.3m0.38%	0.38%	New
24	SIGMA LITHIUM CORPORATION COM SGML	SGML	767,428	$9.7m0.33%	0.33%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
TASEKO MINES LTD		35,110,589	$226.5m35.1m shares
FLUTTER ENTMT PLC FLUT	FLUT	1,769,255	$180.4m1.8m shares
PROSHARES TR II SCO	SCO	5,187,995	$43.2m5.2m shares
EAGLE MATLS INC EXP	EXP	214,538	$40.6m214.5k shares
TECK RESOURCES LTD TECK	TECK	634,547	$32.8m634.5k shares
CARNIVAL CORP		715,980	$18.5m716.0k shares
NORWEGIAN CRUISE LINE HLDG L NCLH	NCLH	911,342	$17.0m911.3k shares
SOLARIS RES INC SLSR	SLSR	1,967,387	$17.0m2.0m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
ANTERIS TECHNOLOGIES GLOBAL AVR · 13G · filed 2026-09-03	AVR	11.6%≈ $113.2m	-1.8 pts	13G	2026-09-03
SIGMA LITHIUM CORPORATION SGML · 13G · filed 2026-10-07	SGML	10.2%≈ $145.8m	new	13G	2026-10-07
TASEKO MINES LTD 13G · filed 2025-12-11		9.1%	-1.2 pts	13G	2025-12-11
NEXGEN ENERGY LTD NXE · 13G · filed 2026-05-14	NXE	5.8%≈ $359.4m	new	13G	2026-05-14
ELDORADO GOLD CORP NEW EGO · 13G · filed 2026-05-14	EGO	5.3%≈ $324.6m	new	13G	2026-05-14

Trades reported as a company insider since 1 Apr 2026

Owning 10% or more of a company, or having someone on its board, makes this manager an insider there: it reports its trades in that company's shares on Form 4 within two business days. Open-market and private purchases and sales only.

Date	Company	Ticker	Trade	Shares	Value	Their holding
2026-08-28	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	7,800	$68.9k7.8k shares	-<1%
2026-08-11	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	375,815	$3.5m375.8k shares	-7%
2026-08-10	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	251,844	$2.3m251.8k shares	-5%
2026-08-06	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	174,721	$1.4m174.7k shares	-3%
2026-08-05	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	14,581	$120.0k14.6k shares	-<1%
2026-08-04	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	480,608	$4.0m480.6k shares	-8%
2026-08-03	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	475,693	$3.9m475.7k shares	-7%
2026-07-31	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	48,711	$397.0k48.7k shares	-1%
2026-07-30	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	558,633	$4.6m558.6k shares	-8%
2026-07-29	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	155,505	$1.3m155.5k shares	-2%
2026-07-28	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	208,731	$1.7m208.7k shares	-3%
2026-07-27	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	232,817	$1.9m232.8k shares	-3%
2026-07-24	ANTERIS TECHNOLOGIES GLOBAL 10% owner · See footnote	AVR	Sold	23,000	$187.0k23.0k shares	-<1%