Skip to main content
Livermore
Livermore
ZHEN

L1 Capital Pty Ltd

SEC CIK
0001817646
Latest filing
Aug 13, 2026

The latest 13F from L1 Capital Pty Ltd covers Q2 2026 (filed Aug 13, 2026): 24 long positions worth $2.97B. The top 10 holdings make up 82.7% of the portfolio, and the largest is Eldorado Gold Corp (EGO) at 15.1%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
9
Est. +$665.4M
Added
9
Est. +$458.6M
Reduced
5
Est. −$154.8M
Sold out
7
Est. −$349.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. EGOEldorado Gold Corp
    15.1%$448.2MHistory
  2. NXENexGen Energy Ltd.
    11.0%$328.7MHistory
  3. AMCRAmcor plc
    9.8%$290.9MHistory
  4. EQXEquinox Gold Corp.
    8.8%$263.0MHistory
  5. CGAUCenterra Gold Inc.
    8.7%$259.0MHistory

Share of portfolio

Top 5 holdings and the other 19 positions, by share of portfolio value

  1. EGO15.1%
  2. NXE11.0%
  3. AMCR9.8%
  4. EQX8.8%
  5. CGAU8.7%
  6. Other 19 positions46.6%

Biggest buys

New and added positions, by estimated amount bought

  1. HBMHudbay Minerals Inc.
    +$235.5MNewHistory
  2. BTGB2GOLD Corp
    +$182.7MNewHistory
  3. CGAUCenterra Gold Inc.
    +$147.2MAddedHistory
  4. EGOEldorado Gold Corp
    +$123.7MAddedHistory
  5. AMCRAmcor plc
    +$100.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. HBMHudbay Minerals Inc.
    +7.92 pp0.0% → 7.9%History
  2. BTGB2GOLD Corp
    +6.14 pp0.0% → 6.1%History
  3. CGAUCenterra Gold Inc.
    +3.80 pp4.9% → 8.7%History
  4. AMCRAmcor plc
    +2.91 pp6.9% → 9.8%History
  5. OGCOceanaGold Corp
    +2.66 pp0.0% → 2.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FLUTFlutter Entertainment plc
    −$180.4MSold outHistory
  2. NWSNews Corp
    −$62.8MReducedHistory
  3. CRHCRH Public Ltd Co
    −$62.7MReducedHistory
  4. SCOProShares Trust II
    −$43.2MSold outHistory
  5. EXPEagle Materials Inc
    −$40.6MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. FLUTFlutter Entertainment plc
    −7.08 pp7.1% → 0.0%History
  2. NXENexGen Energy Ltd.
    −4.99 pp16.0% → 11.0%History
  3. CRHCRH Public Ltd Co
    −3.09 pp7.6% → 4.5%History
  4. NWSNews Corp
    −2.86 pp4.7% → 1.9%History
  5. SCOProShares Trust II
    −1.70 pp1.7% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$2.97B
+$428.4M (+16.8%) vs. prior quarter
Positions
24
+2 vs. prior quarter
Top 10 concentration
82.7%
Top 10 as share of value
Turnover
18.3%
Q2 2026, one quarter
Average holding period
5.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $2.97B (Q2 2026)

Q1 2021: $398.0MQ2 2021: $484.3MQ3 2021: $804.0MQ4 2021: $866.1MQ1 2022: $825.9MQ2 2022: $512.6MQ3 2022: $511.4MQ4 2022: $648.2MQ1 2023: $718.1MQ2 2023: $830.9MQ3 2023: $1.17BQ4 2023: $1.07BQ1 2024: $1.20BQ2 2024: $1.04BQ3 2024: $1.16BQ4 2024: $1.17BQ1 2025: $1.07BQ2 2025: $1.65BQ3 2025: $1.58BQ4 2025: $1.92BQ1 2026: $2.55BQ2 2026: $2.97B
Q1 2021Q2 2026
13F filings of L1 Capital Pty Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 13, 202624$2.97BEGONXEAMCRvs. Q1 2026SEC
Q1 2026May 15, 202622$2.55BNXEEGOEQXvs. Q4 2025SEC
Q4 2025Feb 13, 202620$1.92BEGONXEEQXvs. Q3 2025SEC
Q3 2025Nov 14, 202519$1.58BNXEAAEQXvs. Q2 2025SEC
Q2 2025Sep 11, 2025Amended30$1.65BNXEHBMEGOvs. Q1 2025SEC
Q1 2025May 15, 202514$1.07BEGONXECVEvs. Q4 2024SEC
Q4 2024Feb 14, 202514$1.17BNXEHBMEGOvs. Q3 2024SEC
Q3 2024Nov 14, 202411$1.16BNXEHBMCRHvs. Q2 2024SEC
Q2 2024Aug 14, 20248$1.04BNXECVEHBMvs. Q1 2024SEC
Q1 2024May 15, 202410$1.20BNXECVEHBMvs. Q4 2023SEC
Q4 2023Feb 14, 202412$1.07BNXECRHCVEvs. Q3 2023SEC
Q3 2023Nov 14, 202312$1.17BNXECVECRHvs. Q2 2023SEC
Q2 2023Aug 14, 202314$830.9MNXETECKCVEvs. Q1 2023SEC
Q1 2023May 15, 202311$718.1MTECKCVEHBMvs. Q4 2022SEC
Q4 2022Feb 14, 202313$648.2MUCOBABABPvs. Q3 2022SEC
Q3 2022Nov 14, 202210$511.4MHBMCVETECKvs. Q2 2022SEC
Q2 2022Aug 15, 202211$512.6MHBMCVENXEvs. Q1 2022SEC
Q1 2022May 16, 202212$825.9MCVESUHBMvs. Q4 2021SEC
Q4 2021Feb 14, 202214$866.1MTECKCVEHBMvs. Q3 2021SEC
Q3 2021Nov 15, 202115$804.0MCVEFXLVTECKvs. Q2 2021SEC
Q2 2021Aug 16, 202110$484.3MCVETECKHBMvs. Q1 2021SEC
Q1 2021May 7, 202111$398.0MTECKCVEWFC–SEC

13D and 13G filings

Companies where L1 Capital Pty Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

4 companies, largest stake first.

Companies where L1 Capital Pty Ltd owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
AVRAnteris Technologies Global Corp.13G/A11.64%11.5M shares−1.82 ppfrom 13.46%Jan 23, 20255 filingsSep 3, 2026SEC
TGBTrekor Metals Ltd13G/A9.10%32.8M shares−1.20 ppfrom 10.30%May 15, 20254 filingsDec 11, 2025SEC
NXENexGen Energy Ltd.13G5.79%38.3M sharesNewMay 14, 20261 filingMay 14, 2026SEC
EGOEldorado Gold Corp13G5.26%10.4M sharesNewMay 14, 20261 filingMay 14, 2026SEC

Latest filings

13 filings on file made by L1 Capital Pty Ltd or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by L1 Capital Pty Ltd
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AVRAnteris Technologies Global Corp.Sep 3, 20266:24 PM ET13G/A11.64%11.5M shares−1.82 ppfrom 13.46%Aug 31, 2026SEC
AVRAnteris Technologies Global Corp.Aug 7, 20267:46 AM ET13G/A13.46%13.3M shares−0.14 ppfrom 13.60%Jul 31, 2026SEC
NXENexGen Energy Ltd.May 14, 20268:28 PM ET13G5.79%38.3M sharesNewMar 31, 2026SEC
EGOEldorado Gold CorpMay 14, 20268:03 PM ET13G5.26%10.4M sharesNewMar 31, 2026SEC
AVRAnteris Technologies Global Corp.Feb 5, 20264:06 PM ET13G/A13.60%13.2M shares−6.30 ppfrom 19.90%Jan 22, 2026SEC
TGBTrekor Metals LtdDec 11, 20254:43 PM ET13G/A9.10%32.8M shares−1.20 ppfrom 10.30%Dec 5, 2025SEC
TGBTrekor Metals LtdNov 13, 20254:10 PM ET13G/A10.30%36.9M shares+3.76 ppfrom 6.54%Oct 31, 2025SEC
AVRAnteris Technologies Global Corp.Nov 12, 20256:14 PM ET13G/A19.90%8.22M shares+1.10 ppfrom 18.80%Oct 29, 2025SEC
TGBTrekor Metals LtdJun 11, 20258:01 AM ET13G/A6.54%20.7M shares+1.45 ppfrom 5.09%Jun 4, 2025SEC
TGBTrekor Metals LtdMay 15, 20256:31 PM ET13G5.09%16.1M sharesNewMay 8, 2025SEC
AVRAnteris Technologies Global Corp.Jan 23, 20257:08 PM ET13G18.80%6.74M sharesNewDec 16, 2024SEC
FXLVF45 Training Holdings Inc.May 5, 202313G/AOld format–––SEC
FXLVF45 Training Holdings Inc.Aug 20, 202113GOld format–New–SEC