Here’s Why This Fund Sold Salesforce (CRM) in Q2
L1 Capital, an investment management firm, released its “L1 Capital International Fund” (unhedged) second-quarter 2026 investor letter. A copy of the letter can be downloaded here.
| No. | Hedge Fund | Shares | Value | Activity | % Port |
|---|---|---|---|---|---|
| 1. | Ardsley Partners Philip Hempleman | 36,000 | $5,639,760 | 0.59% |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $194.59 | 2,080 | $404,746.99 | 9,530 | 2026-03-19 | Filing | |
| $194.54 | 491 | $95,519.14 | 7,450 | 2026-03-19 | Filing | |
| $194.62 | 2,570 | $500,178.28 | 13,689 | 2026-03-18 | Filing | |
| $258.64 | 1,936 | $500,722.20 | 10,677 | 2025-12-17 | Filing | |
| $260.58 | 96,000 | $25,015,680.00 | 2,994,509 | 2025-12-05 | Filing |
| Insider | Price | Amount | Total Value | Remaining Holdings | Date | Form 4 |
|---|---|---|---|---|---|---|
| $238.70 | 3,893 | $929,275.84 | 7,299 | 2026-01-14 | Filing | |
| $236.17 | 8,647 | $2,042,171.50 | 139,767 | 2025-12-02 | Filing | |
| $235.44 | 57,475 | $13,531,833.54 | 148,414 | 2025-12-02 | Filing | |
| $234.61 | 39,442 | $9,253,542.84 | 205,889 | 2025-12-02 | Filing | |
| $233.25 | 15,873 | $3,702,370.90 | 245,331 | 2025-12-02 | Filing |
| No. | Name | Shares | Value | % Port |
|---|---|---|---|---|
| 1. | 1,212,968 | $190,023,567 | 0.24% | |
| 2. | 993,976 | $155,716,279 | 0.13% | |
| 3. | 900,281 | $141,038,021 | 0.71% | |
| 4. | 442,226 | $69,169,616 | 4.83% | |
| 5. | 363,648 | $56,969,088 | 0.77% |