L1 Capital, an investment management firm, released its “L1 Capital International Fund” (unhedged) fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy emphasizes investments in high-quality companies with positive cash flow valuations. The letter discusses the current investment environment, the Fund’s positioning, portfolio changes, and the quarterly review. For the March 2026 quarter, the fund returned -13.1% (net of fees), trailing the benchmark’s -6.1% (MSCI World Net Total Return Index in AUD) return. The underperformance was attributed to a lack of energy exposure, share price declines in high-quality firms, and market preference for short-term gainers. In addition, you can check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, L1 Capital International Fund stocks like highlighted AerCap Holdings N.V. (NYSE:AER). AerCap Holdings N.V. (NYSE:AER) is a leading aviation leasing company headquartered in Dublin, Ireland. On April 14, 2026, AerCap Holdings N.V. (NYSE:AER) closed at $148.97 per share. One-month return of AerCap Holdings N.V. (NYSE:AER) was 9.71%, and its shares gained 56.60% over the past 52 weeks. AerCap Holdings N.V. (NYSE:AER) has a market capitalization of $25.36 billion.
L1 Capital International Fund stated the following regarding AerCap Holdings N.V. (NYSE:AER) in its Q1 2026 investor letter:
“Portfolio adjustments during the March 2026 quarter were relatively modest, but deliberate. We trimmed investments in AerCap Holdings N.V. (NYSE:AER), Alphabet, HCA Healthcare and Weir Group at prices around the top end of our assessed fair value range, with all of these businesses benefitting from positive sentiment intra-quarter. The position in AerCap was trimmed due to strong outperformance and to manage the overall position size. We continue to have a very positive view on the business and its outlook, and it remains the largest holding in the Portfolio.”
AerCap Holdings N.V. (NYSE:AER) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 54 hedge fund portfolios held AerCap Holdings N.V. (NYSE:AER) at the end of the fourth quarter, compared to 55 in the previous quarter. While we acknowledge the risk and potential of AerCap Holdings N.V. (NYSE:AER) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AerCap Holdings N.V. (NYSE:AER) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered AerCap Holdings N.V. (NYSE:AER) and shared the list of best very cheap stocks to buy in 2026. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
