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L1 Long Short Fund Ltd. ( (AU:LSF) ) has issued an announcement.
L1 Long Short Fund reported a 3.7% net portfolio return in December 2025, comfortably beating the S&P/ASX 200 Accumulation Index’s 1.3% gain and capping a standout 46.8% performance for the calendar year versus 10.3% for the benchmark. Over five years, the portfolio has generated 18.1% p.a., and since the long-short strategy’s 2014 inception it has delivered 19.9% p.a., making it one of Australia’s top-performing long/short strategies relative to the ASX 200 Accumulation Index. December performance was driven by strong long positions in Mineral Resources, Flight Centre and mid-cap gold stocks, benefiting from surging lithium prices, resilient iron ore, an accretive acquisition in travel, competitor issues in corporate travel, and a continued rally in gold prices amid global macroeconomic tailwinds. The managers see the Australian equity market as relatively fully valued, particularly in large caps, and are increasingly finding better risk-reward in offshore markets and low price-to-earnings value stocks, positioning the portfolio for continued outperformance if value and cyclicals regain favour against high multiple growth names.
The most recent analyst rating on (AU:LSF) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on L1 Long Short Fund Ltd. stock, see the AU:LSF Stock Forecast page.
More about L1 Long Short Fund Ltd.
L1 Long Short Fund Ltd (ASX:LSF) is an Australian-listed long/short equities fund focused primarily on Australian and global share markets. Managed by L1 Capital, the strategy invests in both long and short positions across sectors and geographies, with notable exposure to Australia/New Zealand, North America and Europe. The fund targets undervalued opportunities, particularly in value-oriented stocks, infrastructure, gold, U.S. cyclicals and uranium, while actively managing gross and net market exposures to enhance risk-adjusted returns.
Average Trading Volume: 442,367
Technical Sentiment Signal: Buy
Learn more about LSF stock on TipRanks’ Stock Analysis page.