L1 Capital Pty Ltd Quant / Systematic

CIK: 0001817646 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,917,107 (100.0% shares, 0.0% debt)

Holdings (20)

New Positions (8)

ICE INTERCONTINENTAL EXCHANGE IN 5.7%

Value ($000) $110,004 Shares 679,203 Est. Cost $156.20 Unrealized 0.0%

AAUC ALLIED GOLD CORP 1.8%

Value ($000) $33,826 Shares 1,476,184 Est. Cost $19.26 Unrealized 0.0%

FLUT FLUTTER ENTMT PLC 1.6%

Value ($000) $29,859 Shares 138,851 Est. Cost $224.90 Unrealized 0.0%

EXP EAGLE MATLS INC 1.3%

Value ($000) $24,831 Shares 120,143 Est. Cost $220.50 Unrealized 0.0%

JD JD.COM INC 1.1%

Value ($000) $20,959 Shares 730,264 Est. Cost $28.70 Unrealized —

HDB HDFC BANK LTD 1.0%

Value ($000) $18,397 Shares 503,481 Est. Cost $36.54 Unrealized —

AMRZ AMRIZE LTD 0.9%

Value ($000) $16,508 Shares 305,255 Est. Cost $51.02 Unrealized 0.0%

ISOU ISOENERGY LTD 0.4%

Value ($000) $6,794 Shares 746,588 Est. Cost $9.02 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ICE	INTERCONTINENTAL EXCHANGE IN	679,203	$110,004	5.7%	$156.20	0.0%	COM	45866F104
AAUC	ALLIED GOLD CORP	1,476,184	$33,826	1.8%	$19.26	0.0%	COM NEW	01921D204
FLUT	FLUTTER ENTMT PLC	138,851	$29,859	1.6%	$224.90	0.0%	SHS	G3643J108
EXP	EAGLE MATLS INC	120,143	$24,831	1.3%	$220.50	0.0%	COM	26969P108
JD	JD.COM INC	730,264	$20,959	1.1%	$28.70	—	SPON ADS CL A	47215P106
HDB	HDFC BANK LTD	503,481	$18,397	1.0%	$36.54	—	SPONSORED ADS	40415F101
AMRZ	AMRIZE LTD	305,255	$16,508	0.9%	$51.02	0.0%	SHS	H2927K103
ISOU	ISOENERGY LTD	746,588	$6,794	0.4%	$9.02	0.0%	COM NEW	46500E867

Increased Positions (8)

EGO ELDORADO GOLD CORP NEW 18.1%

Value ($000) $346,283 (+81.4%) Shares 9,640,407 (+35.2%) Est. Cost $19.96 Unrealized +49.9%

Z ZILLOW GROUP INC 6.2%

Value ($000) $117,974 (+23173.0%) Shares 1,729,313 (+24803.7%) Est. Cost $72.39 Unrealized +0.0%

TGB TASEKO MINES LTD 10.5%

Value ($000) $201,190 (+86.8%) Shares 35,545,632 (+45.2%) Est. Cost $3.11 Unrealized +51.2%

EQX EQUINOX GOLD CORP 14.8%

Value ($000) $283,110 (+39.0%) Shares 20,164,556 (+15.9%) Est. Cost $7.15 Unrealized +76.5%

NXE NEXGEN ENERGY LTD 16.1%

Value ($000) $309,145 (+18.6%) Shares 33,642,681 (+9.1%) Est. Cost $5.70 Unrealized +55.0%

NUE NUCOR CORP 1.7%

Value ($000) $33,214 (+1921.4%) Shares 203,632 (+1688.4%) Est. Cost $148.63 Unrealized +0.8%

NWS NEWS CORP NEW 6.6%

Value ($000) $126,630 (+23.4%) Shares 4,273,704 (+26.2%) Est. Cost $32.88 Unrealized -9.3%

IAG IAMGOLD CORP 1.1%

Value ($000) $20,647 (+1280.4%) Shares 1,252,077 (+961.5%) Est. Cost $13.45 Unrealized +4.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EGO	ELDORADO GOLD CORP NEW	9,640,407 (+35.2%)	$346,283 (+81.4%)	18.1%	$19.96	+49.9%	COM	284902509
Z	ZILLOW GROUP INC	1,729,313 (+24803.7%)	$117,974 (+23173.0%)	6.2%	$72.39	+0.0%	CL C CAP STK	98954M200
TGB	TASEKO MINES LTD	35,545,632 (+45.2%)	$201,190 (+86.8%)	10.5%	$3.11	+51.2%	COM	876511106
EQX	EQUINOX GOLD CORP	20,164,556 (+15.9%)	$283,110 (+39.0%)	14.8%	$7.15	+76.5%	COM	29446Y502
NXE	NEXGEN ENERGY LTD	33,642,681 (+9.1%)	$309,145 (+18.6%)	16.1%	$5.70	+55.0%	COM	65340P106
NUE	NUCOR CORP	203,632 (+1688.4%)	$33,214 (+1921.4%)	1.7%	$148.63	+0.8%	COM	670346105
NWS	NEWS CORP NEW	4,273,704 (+26.2%)	$126,630 (+23.4%)	6.6%	$32.88	-9.3%	CL B	65249B208
IAG	IAMGOLD CORP	1,252,077 (+961.5%)	$20,647 (+1280.4%)	1.1%	$13.45	+4.7%	COM	450913108

Exited Positions (7)

HBM HUDBAY MINERALS INC 7.0%

Value ($000) $134,079 Shares 8,379,964 Est. Cost $7.02 Unrealized +141.0%

CHTR CHARTER COMMUNICATIONS INC N 3.3%

Value ($000) $63,659 Shares 289,544 Est. Cost $302.19 Unrealized -25.6%

DNN DENISON MINES CORP 2.3%

Value ($000) $44,403 Shares 14,007,218 Est. Cost $2.20 Unrealized +23.8%

CRH CRH PLC 2.1%

Value ($000) $40,328 Shares 356,888 Est. Cost $70.95 Unrealized +67.9%

HCC WARRIOR MET COAL INC 1.9%

Value ($000) $37,259 Shares 458,915 Est. Cost $48.09 Unrealized +56.3%

FCX FREEPORT-MCMORAN INC 0.1%

Value ($000) $1,014 Shares 25,475 Est. Cost $43.20 Unrealized +0.3%

AER AERCAP HOLDINGS NV 0.0%

Value ($000) $834 Shares 6,272 Est. Cost $116.62 Unrealized +13.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HBM	HUDBAY MINERALS INC	8,379,964	$134,079	7.0%	$7.02	+141.0%	—	443628102
CHTR	CHARTER COMMUNICATIONS INC N	289,544	$63,659	3.3%	$302.19	-25.6%	—	16119P108
DNN	DENISON MINES CORP	14,007,218	$44,403	2.3%	$2.20	+23.8%	—	248356107
CRH	CRH PLC	356,888	$40,328	2.1%	$70.95	+67.9%	—	G25508105
HCC	WARRIOR MET COAL INC	458,915	$37,259	1.9%	$48.09	+56.3%	—	93627C101
FCX	FREEPORT-MCMORAN INC	25,475	$1,014	0.1%	$43.20	+0.3%	—	35671D857
AER	AERCAP HOLDINGS NV	6,272	$834	0.0%	$116.62	+13.6%	—	N00985106

Decreased Positions (4)

AA ALCOA CORP 4.3%

Value ($000) $82,127 (-62.6%) Shares 1,545,476 (-73.8%) Est. Cost $29.85 Unrealized +37.0%

CVE CENOVUS ENERGY INC 5.0%

Value ($000) $95,696 (-15.8%) Shares 5,655,769 (-13.2%) Est. Cost $13.68 Unrealized +26.9%

AVR ANTERIS TECHNOLOGIES GLOBAL 0.7%

Value ($000) $14,032 (-48.4%) Shares 2,812,000 (-58.9%) Est. Cost $4.81 Unrealized -4.7%

SLSR SOLARIS RES INC 1.4%

Value ($000) $25,882 (-20.7%) Shares 3,229,384 (-34.5%) Est. Cost $2.44 Unrealized +184.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AA	ALCOA CORP	1,545,476 (-73.8%)	$82,127 (-62.6%)	4.3%	$29.85	+37.0%	COM	013872106
CVE	CENOVUS ENERGY INC	5,655,769 (-13.2%)	$95,696 (-15.8%)	5.0%	$13.68	+26.9%	COM	15135U109
AVR	ANTERIS TECHNOLOGIES GLOBAL	2,812,000 (-58.9%)	$14,032 (-48.4%)	0.7%	$4.81	-4.7%	COM	03675P102
SLSR	SOLARIS RES INC	3,229,384 (-34.5%)	$25,882 (-20.7%)	1.4%	$2.44	+184.6%	COM NEW	83419D201