Institutional Manager · CIK 0002009023
L1 Capital International Pty Ltd
Sydney NSW 2000, C3 · File #028-23916
Latest AUM
$1.93B
Positions
21
Top-10 Concentration
70.1%
Filings
8
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | AERCAP HOLDINGS NV | AER | +1,183,616 | +$170.2M | +$7.8M |
| ADD | AMAZON COM INC | AMZN | +588,735 | +$135.9M | +$1.9M |
| ADD | MICROSOFT CORP | MSFT | +261,293 | +$126.4M | -$2.8M |
| ADD | CRH PLC | CRH | +913,906 | +$114.1M | +$1.3M |
| ADD | BOOKING HOLDINGS INC | BKNG | +18,597 | +$99.6M | -$222,687 |
| ADD | VISA INC | V | +249,921 | +$87.6M | +$650,889 |
| ADD | MASTERCARD INCORPORATED | MA | +151,436 | +$86.5M | +$87,298 |
| ADD | INTERCONTINENTAL EXCHANGE IN | 45866F104 | +517,278 | +$83.8M | -$912,806 |
| ADD | INTUIT | INTU | +114,982 | +$76.2M | -$644,943 |
| ADD | JACOBS SOLUTIONS INC | J | +567,478 | +$75.2M | -$2.7M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202521 pos · $1.93B
- 13F HOLDINGS REPORTQ/E Sep 202519 pos · $479.1M
- 13F HOLDINGS REPORTQ/E Jun 202519 pos · $407.5M
- 13F HOLDINGS REPORTQ/E Mar 202519 pos · $363.4M
- 13F HOLDINGS REPORTQ/E Dec 202418 pos · $325.5M
- 13F HOLDINGS REPORTQ/E Sep 202419 pos · $312.6M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $249.8M
- 13F HOLDINGS REPORTQ/E Mar 202420 pos · $224.8M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | AERCAP HOLDINGS NV | AER | 1,527,454 | $219.6M | 11.35% |
| 2 | AMAZON COM INC | AMZN | 753,367 | $173.9M | 8.99% |
| 3 | MICROSOFT CORP | MSFT | 342,401 | $165.6M | 8.56% |
| 4 | CRH PLC | CRH | 1,183,012 | $147.6M | 7.63% |
| 5 | BOOKING HOLDINGS INC | BKNG | 23,665 | $126.7M | 6.55% |
| 6 | VISA INC | V | 319,684 | $112.1M | 5.80% |
| 7 | MASTERCARD INCORPORATED | MA | 193,609 | $110.5M | 5.71% |
| 8 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 657,279 | $106.5M | 5.50% |
| 9 | INTUIT | INTU | 146,458 | $97.0M | 5.01% |
| 10 | JACOBS SOLUTIONS INC | J | 723,533 | $95.8M | 4.95% |
| 11 | DANAHER CORPORATION | 235851102 | 400,246 | $91.6M | 4.74% |
| 12 | NVIDIA CORPORATION | NVDA | 393,598 | $73.4M | 3.79% |
| 13 | SALESFORCE INC | CRM | 255,733 | $67.7M | 3.50% |
| 14 | MARSH & MCLENNAN COS INC | 571748102 | 357,469 | $66.3M | 3.43% |
| 15 | ALPHABET INC | GOOG | 208,288 | $65.2M | 3.37% |
| 16 | UBER TECHNOLOGIES INC | UBER | 665,918 | $54.4M | 2.81% |
| 17 | AMERICAN EXPRESS CO | AXP | 128,875 | $47.7M | 2.46% |
| 18 | HCA HEALTHCARE INC | HCA | 91,987 | $42.9M | 2.22% |
| 19 | CDW CORP | CDW | 282,072 | $38.4M | 1.99% |
| 20 | ALPHABET INC | GOOG | 58,547 | $18.4M | 0.95% |