Mineral Resources Shares Jump 4.6% as L1 Capital Increases Stake

2 min read | March 09, 2025 09:20 PM EDT | By Team Kalkine Media

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Mineral Resources Shares Jump 4.6% as L1 Capital Increases Stake — Image source: Shutterstock

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Highlights:

Stake Increase: L1 Capital boosted its holding in MinRes from 7.58% to 9.19%.

Strategic Buy: The hedge fund acquired over 3.1 million shares in recent weeks at around A$21 per share.

Stock Performance: Despite the recent uptick, MinRes shares are still down 36.6% year-to-date.

Shares of Mineral Resources Ltd (ASX:MIN) surged 4.6% to AU$22.05 after prominent Australian hedge fund L1 Capital increased its stake, becoming the company's second-largest shareholder after founder Chris Ellison.

Late Friday filings revealed that Melbourne-based hedge fund L1 Capital, led by Raphael Lamm, had significantly increased its stake in Mineral Resources (MIN.AX) from 7.58% to 9.19%. This strategic move cements L1 Capital as the largest stakeholder in the company after its founder and managing director, Chris Ellison.

The fund, known for its active investment strategy, initially purchased shares at A$32 in December 2024. However, with the stock’s recent decline, L1 Capital took advantage of lower prices, acquiring over 3.1 million shares in the past few weeks at an average price of around A$21. This calculated buy-in comes as MinRes struggles with a 36.6% year-to-date decline in stock value.

Despite the broader downturn, the market reacted positively to L1 Capital’s increased involvement, with shares climbing 4.6% to A$22.05 following the announcement. Investors seem encouraged by the hedge fund’s confidence in MinRes’s long-term potential, signaling faith in the company’s ability to recover.

Mineral Resources, a key player in Australia’s mining sector, has been navigating market volatility and sector-wide pressures. The renewed interest from a high-profile investment firm like L1 Capital may inject fresh momentum into the company’s stock performance and broader strategic direction.

As the second-largest shareholder, L1 Capital's increased stake could influence future corporate decisions and growth strategies. With Raphael Lamm at the helm, the fund’s track record of strategic investments suggests that they see significant upside in MinRes despite the current market challenges.

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