L1 Capital International Pty Ltd Long-Term Concentrated

CIK: 0002009023 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,934,678 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (2)

CRM SALESFORCE INC 3.5%

Value ($000) $67,746 Shares 255,733 Est. Cost $248.17 Unrealized 0.0%

GOOGL ALPHABET INC 3.4%

Value ($000) $65,194 Shares 208,288 Est. Cost $285.60 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	255,733	$67,746	3.5%	$248.17	0.0%	COM	79466L302
GOOGL	ALPHABET INC	208,288	$65,194	3.4%	$285.60	0.0%	CAP STK CL A	02079K305

Increased Positions (18)

AER AERCAP HOLDINGS NV 11.4%

Value ($000) $219,587 (+427.8%) Shares 1,527,454 (+344.2%) Est. Cost $122.91 Unrealized +7.8%

AMZN AMAZON COM INC 9.0%

Value ($000) $173,892 (+381.1%) Shares 753,367 (+357.6%) Est. Cost $215.01 Unrealized +6.4%

MSFT MICROSOFT CORP 8.6%

Value ($000) $165,592 (+294.2%) Shares 342,401 (+322.2%) Est. Cost $471.36 Unrealized +6.2%

CRH CRH PLC 7.6%

Value ($000) $147,640 (+357.6%) Shares 1,183,012 (+339.6%) Est. Cost $107.08 Unrealized +11.3%

BKNG BOOKING HOLDINGS INC 6.6%

Value ($000) $126,734 (+363.1%) Shares 23,665 (+366.9%) Est. Cost $4781.69 Unrealized +7.4%

V VISA INC 5.8%

Value ($000) $112,116 (+370.8%) Shares 319,684 (+358.2%) Est. Cost $322.71 Unrealized +5.5%

MA MASTERCARD INCORPORATED 5.7%

Value ($000) $110,528 (+360.8%) Shares 193,609 (+359.1%) Est. Cost $529.56 Unrealized +5.5%

ICE INTERCONTINENTAL EXCHANGE IN 5.5%

Value ($000) $106,453 (+351.3%) Shares 657,279 (+369.5%) Est. Cost $150.97 Unrealized +3.5%

INTU INTUIT 5.0%

Value ($000) $97,017 (+351.3%) Shares 146,458 (+365.3%) Est. Cost $655.05 Unrealized +0.9%

J JACOBS SOLUTIONS INC 5.0%

Value ($000) $95,839 (+309.8%) Shares 723,533 (+363.6%) Est. Cost $142.06 Unrealized +3.1%

DHR DANAHER CORPORATION 4.7%

Value ($000) $91,624 (+367.1%) Shares 400,246 (+304.5%) Est. Cost $215.95 Unrealized +1.7%

NVDA NVIDIA CORPORATION 3.8%

Value ($000) $73,406 (+422.7%) Shares 393,598 (+423.0%) Est. Cost $183.87 Unrealized +1.2%

MRSH MARSH & MCLENNAN COS INC 3.4%

Value ($000) $66,318 (+317.4%) Shares 357,469 (+353.5%) Est. Cost $188.81 Unrealized -1.3%

UBER UBER TECHNOLOGIES INC 2.8%

Value ($000) $54,412 (+282.7%) Shares 665,918 (+358.9%) Est. Cost $89.94 Unrealized +0.1%

AXP AMERICAN EXPRESS CO 2.5%

Value ($000) $47,677 (+420.3%) Shares 128,875 (+367.2%) Est. Cost $334.49 Unrealized +6.7%

HCA HCA HEALTHCARE INC 2.2%

Value ($000) $42,945 (+207.2%) Shares 91,987 (+180.5%) Est. Cost $406.67 Unrealized +14.0%

CDW CDW CORP 2.0%

Value ($000) $38,418 (+300.7%) Shares 282,072 (+368.6%) Est. Cost $158.25 Unrealized -7.1%

GOOG ALPHABET INC 0.9%

Value ($000) $18,372 (+57.3%) Shares 58,547 (+22.1%) Est. Cost $173.69 Unrealized +64.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AER	AERCAP HOLDINGS NV	1,527,454 (+344.2%)	$219,587 (+427.8%)	11.4%	$122.91	+7.8%	SHS	N00985106
AMZN	AMAZON COM INC	753,367 (+357.6%)	$173,892 (+381.1%)	9.0%	$215.01	+6.4%	COM	023135106
MSFT	MICROSOFT CORP	342,401 (+322.2%)	$165,592 (+294.2%)	8.6%	$471.36	+6.2%	COM	594918104
CRH	CRH PLC	1,183,012 (+339.6%)	$147,640 (+357.6%)	7.6%	$107.08	+11.3%	ORD	G25508105
BKNG	BOOKING HOLDINGS INC	23,665 (+366.9%)	$126,734 (+363.1%)	6.6%	$4781.69	+7.4%	COM	09857L108
V	VISA INC	319,684 (+358.2%)	$112,116 (+370.8%)	5.8%	$322.71	+5.5%	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	193,609 (+359.1%)	$110,528 (+360.8%)	5.7%	$529.56	+5.5%	CL A	57636Q104
ICE	INTERCONTINENTAL EXCHANGE IN	657,279 (+369.5%)	$106,453 (+351.3%)	5.5%	$150.97	+3.5%	COM	45866F104
INTU	INTUIT	146,458 (+365.3%)	$97,017 (+351.3%)	5.0%	$655.05	+0.9%	COM	461202103
J	JACOBS SOLUTIONS INC	723,533 (+363.6%)	$95,839 (+309.8%)	5.0%	$142.06	+3.1%	COM	46982L108
DHR	DANAHER CORPORATION	400,246 (+304.5%)	$91,624 (+367.1%)	4.7%	$215.95	+1.7%	COM	235851102
NVDA	NVIDIA CORPORATION	393,598 (+423.0%)	$73,406 (+422.7%)	3.8%	$183.87	+1.2%	COM	67066G104
MRSH	MARSH & MCLENNAN COS INC	357,469 (+353.5%)	$66,318 (+317.4%)	3.4%	$188.81	-1.3%	COM	571748102
UBER	UBER TECHNOLOGIES INC	665,918 (+358.9%)	$54,412 (+282.7%)	2.8%	$89.94	+0.1%	COM	90353T100
AXP	AMERICAN EXPRESS CO	128,875 (+367.2%)	$47,677 (+420.3%)	2.5%	$334.49	+6.7%	COM	025816109
HCA	HCA HEALTHCARE INC	91,987 (+180.5%)	$42,945 (+207.2%)	2.2%	$406.67	+14.0%	COM	40412C101
CDW	CDW CORP	282,072 (+368.6%)	$38,418 (+300.7%)	2.0%	$158.25	-7.1%	COM	12514G108
GOOG	ALPHABET INC	58,547 (+22.1%)	$18,372 (+57.3%)	0.9%	$173.69	+64.9%	CAP STK CL C	02079K107

Decreased Positions (1)

TSM TAIWAN SEMICONDUCTOR MFG LTD 0.7%

Value ($000) $13,167 (-82.5%) Shares 43,329 (-83.9%) Est. Cost $266.82 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	43,329 (-83.9%)	$13,167 (-82.5%)	0.7%	$266.82	—	SPONSORED ADS	874039100