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L1 Long Short Fund Reports NTA and Confirms Accrued $151m Performance Fee

Story Highlights
  • L1 Long Short Fund reported unaudited NTA per share of $4.2158 before tax and $3.8236 after tax.
  • The portfolio exceeded its high-water mark, triggering a $151.31m performance fee already accrued with no impact on NTA per share.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
L1 Long Short Fund Reports NTA and Confirms Accrued $151m Performance Fee

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The latest update is out from L1 Long Short Fund Ltd. ( (AU:LSF) ).

L1 Long Short Fund Limited has reported its unaudited net tangible asset backing per ordinary share as at 12 January 2026, with NTA before tax of $4.2158 and NTA after tax of $3.8236. The company also disclosed that, as the portfolio value at 31 December 2025 has moved above the high-water mark set in its investment management agreement, L1 Capital Pty Ltd is now entitled to a performance fee of approximately $151.31 million, which has already been fully accrued in the NTA figures, meaning the actual payment will not alter the stated NTA per share.

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 Limited is an Australian listed investment company that provides investors with exposure to a long-short equities strategy managed by L1 Capital Pty Ltd. The fund invests in a portfolio of shares and other securities, aiming to generate returns through both rising and falling markets, and reports its net tangible asset backing per share to the market on a regular basis.

Average Trading Volume: 429,000

Technical Sentiment Signal: Buy

See more data about LSF stock on TipRanks’ Stock Analysis page.

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