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L1 Global Long Short Fund Ltd ASX:GLS

0 opened or increased0 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Aug 2025 to today

Commentary 2 comments

DateManagerActionSummary

3 Sep 2025Wilson Asset ManagementReducedWilson Asset Management reduced its position in L1 Long Short Fund Ltd after the fund returned to trading at a premium to NTA, consistent with the manager's strategy of selling LIC holdings once they trade at fair value. Wilson Asset Management notes it had previously built a large position when the fund was trading at a bigger discount to NTA, and rebought when the discount re-emerged.

Monthly Report, price recorded $1.47

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31 Aug 2025Wilson Asset ManagementHeldWAM Strategic Value (ASX: WAR) continues to hold Platinum Capital (ASX: PMC) and is advocating for shareholders to vote for Wilson Asset Management's board nominees at the upcoming Extraordinary General Meeting because WAR believes L1 Capital's proposalâ€”which involves significant management and performance fee increases and removal of the underperformance benchmarkâ€”is negative for PMC shareholders. The manager notes that L1 Capital's proposal would wipe out over $314 million of underperformance, raise management fees by 27%, and increase performance fees by 33%, and argues that Wilson Asset Management's proposal puts PMC shareholders first.

Monthly Report, price recorded $1.47

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on GLS.

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About L1 Global Long Short Fund Ltd

Industrials, Capital Markets

L1 Global Long Short Fund (ASX:GLS) is a listed investment company that invests in international securities using a long-short strategy. The fund manager commentary currently linked to this ticker in the Thesis Tracker dataset refers to Platinum Asia and Platinum Capital, different listed investment companies, so it has not been used in this summary and should be reviewed. L1 Global Long Short Fund operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 2 comments from 1 fund manager. Headquartered in Sydney, the company aims to achieve long-term capital growth through a portfolio of global long and short equity positions managed by L1 Capital, having taken over management of a vehicle that was previously associated with another manager, and can trade at a premium or discount to its net tangible assets depending on performance and investor demand.

Market cap: $1.5b
Price to earnings: 5.9x
Return on equity: 17.3%
Dividend yield: 1.0%
Price to book: 0.87x
Net margin: 59.8%
52-week range: $1.51 to $2.11

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in L1 Global Long Short Fund Ltd (ASX:GLS)?

Fund managers including Wilson Asset Management have invested in L1 Global Long Short Fund Ltd (ASX:GLS).

What opportunities or catalysts do fund managers highlight for L1 Global Long Short Fund Ltd?

The fund manager commentary attached to this ticker refers to Platinum Asia and Platinum Capital rather than L1 Global Long Short Fund, so opportunities cannot be summarised reliably from this data.

What are the key risks to the L1 Global Long Short Fund Ltd investment thesis, according to fund managers?

The fund manager commentary attached to this ticker refers to Platinum Asia and Platinum Capital rather than L1 Global Long Short Fund, so risks cannot be summarised reliably from this data.

What does L1 Global Long Short Fund Ltd (ASX:GLS) do?

L1 Global Long Short Fund Ltd. is a Sydney-based investment company founded on June 29, 1994. The fund focuses on international securities to achieve long-term capital growth. Investment activities are managed and administered by professional service providers leveraging specialized management skills. The company operates as a global long-short equity fund, providing investors with exposure to diversified international markets and structured investment strategies.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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