L1 Capital PTY Ltd 13F annual report
L1 Capital PTY Ltd is an investment fund managing more than $1.04 trillion ran by Joel Arber. There are currently 8 companies in Mr. Arber’s portfolio. The largest investments include NexGen Ltd and Cenovus Inc, together worth $478 billion.
$1.04 trillion Assets Under Management (AUM)
As of 7th August 2024, L1 Capital PTY Ltd’s top holding is 30,313,830 shares of NexGen Ltd currently worth over $289 billion and making up 27.9% of the portfolio value.
Relative to the number of outstanding shares of NexGen Ltd, L1 Capital PTY Ltd owns less than approximately 0.1% of the company.
In addition, the fund holds 9,598,775 shares of Cenovus Inc worth $189 billion, whose value grew 17.8% in the past six months.
The third-largest holding is Hudbay Minerals worth $133 billion and the next is CRH Plc worth $132 billion, with 1,766,626 shares owned.
Currently, L1 Capital PTY Ltd's portfolio is worth at least $1.04 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at L1 Capital PTY Ltd
The L1 Capital PTY Ltd office and employees reside in Melbourne Vic 3000, Australia. According to the last 13-F report filed with the SEC, Joel Arber serves as the Chief Operating Officer at L1 Capital PTY Ltd.
Recent trades
In the most recent 13F filing, L1 Capital PTY Ltd revealed that it had opened a new position in
CRH Plc and bought 1,766,626 shares worth $132 billion.
This means they effectively own approximately 0.1% of the company.
CRH Plc makes up
23.9%
of the fund's Materials sector allocation and has grown its share price by 43.4% in the past year.
The investment fund also strengthened its position in NexGen Ltd by buying
18,413,418 additional shares.
This makes their stake in NexGen Ltd total 30,313,830 shares worth $289 billion.
NexGen Ltd soared 15.0% in the past year.
On the other hand, there are companies that L1 Capital PTY Ltd is getting rid of from its portfolio.
L1 Capital PTY Ltd closed its position in Alibaba Group Hldg Ltd on 14th August 2024.
It sold the previously owned 673,696 shares for $60.2 million.
Joel Arber also disclosed a decreased stake in Hudbay Minerals by 0.4%.
This leaves the value of the investment at $133 billion and 10,759,528 shares.
One of the average hedge funds
The two most similar investment funds to L1 Capital PTY Ltd are Mhr Fund Management and Tritonpoint Wealth. They manage $1.03 trillion and $1.04 trillion respectively.
Joel Arber investment strategy
L1 Capital PTY Ltd’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Materials — making up 53.6% of
the total portfolio value.
The fund focuses on investments in the Canada as
50.0% of the portfolio companies
are based in the Canada.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $18.8 billion.
The complete list of L1 Capital PTY Ltd trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NexGen Energy Ltd |
154.73%
30,313,830
|
$288,890,800,000 | 27.91% |
| Cenovus Energy Inc |
112.17%
9,598,775
|
$188,711,917,000 | 18.23% |
| Hudbay Minerals Inc. |
41.33%
10,759,528
|
$133,202,957,000 | 12.87% |
| CRH Plc |
Opened
1,766,626
|
$132,461,617,000 | 12.80% |
| Flutter Entmt Plc |
Opened
652,427
|
$94,373,566,000 | 9.12% |
| NatWest Group plc |
Opened
22,986,128
|
$71,670,747,000 | 6.92% |
| Veren Inc. |
Opened
6,242,876
|
$67,360,632,000 | 6.51% |
| Dell Technologies Inc |
Opened
423,096
|
$58,349,169,000 | 5.64% |
| Alibaba Group Hldg Ltd |
Closed
673,696
|
$60,208,000 | |
| Teck Resources Ltd |
Closed
1,924,885
|
$56,572,000 | |
| Alcoa Corp |
Closed
1,014,493
|
$51,628,000 | |
| Graphic Packaging Hldg Co |
Closed
1,757,482
|
$39,104,000 | |
| Ferguson Plc New |
Closed
172,002
|
$21,686,000 | |
| Warrior Met Coal Inc |
Closed
535,568
|
$17,101,000 | |
| F45 Training Holdings Inc. |
Closed
6,390,381
|
$12,589,000 | |
| Madrigal Pharmaceuticals Inc |
Closed
168,003
|
$10,554,000 | |
| No transactions found | |||
| Showing first 500 out of 16 holdings | |||
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