L1 Capital International’s Views on Jacobs Solutions (J)

1 hour ago 2

Soumya Eswaran

Thu, January 15, 2026 astatine 8:04 AM CST 3 min read

L1 Capital, an concern absorption firm, released its “L1 Capital International Fund” (unhedged) fourth-quarter 2025 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Strategy focuses connected investing successful high-quality companies with favorable cashflow-based valuations. The missive highlighted the existent concern environment, the Fund’s positioning, portfolio adjustments, and the quarterly (December) and yearly (2025) review. The steadfast considers valuation investigation indispensable for imaginable AI-focused investments; simply having condemnation successful AI isn't capable to guarantee a palmy concern outcome. In general, 2025 was a beardown twelvemonth for each banal markets globally. The money returned 2.2%, nett of fees, compared to 2.5% for the benchmark (MSCI World Net Total Return Index successful AUD). For the year, the money returned 9.8% (net of fees) compared to 12.4% for the Index. In addition, you tin cheque the Strategy’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, L1 Capital International Fund highlighted stocks specified arsenic Jacobs Solutions Inc. (NYSE:J). Jacobs Solutions Inc. (NYSE:J) is simply a starring supplier of infrastructure and precocious facilities, and consulting. On January 14, 2026, Jacobs Solutions Inc. (NYSE:J) banal closed astatine $139.00 per share. One-month instrumentality of Jacobs Solutions Inc. (NYSE:J) was 4.76%, and its shares gained 1.52% of their worth implicit the past 52 weeks. Jacobs Solutions Inc. (NYSE:J) has a marketplace capitalization of $16.506 billion.

L1 Capital International Fund stated the pursuing regarding Jacobs Solutions Inc. (NYSE:J) successful its 4th fourth 2025 capitalist letter:

"Jacobs Solutions Inc. (NYSE:J) is simply a planetary person successful engineering services. We provided an overview of the concern successful the June 2025 Quarterly Report. The institution continues to execute successful enactment with our expectations. During the quarter, a rival held an capitalist lawsuit and created an content that AI could beryllium disruptive to the engineering services industry. As discussed further connected leafage 10, we are successful an situation wherever each manufacture and each institution is pigeon-holed into either an ‘AI Winner’ oregon ‘AI loser’. While astir each manufacture needs to incorporated and accommodate AI, we judge Jacobs Solutions and the engineering services it provides, volition beryllium a nett beneficiary, and Jacobs Solutions’ absorption is already actively investing successful AI. In summation to discussing this contented with Jacobs Solutions management, we spoke to the rival and judge their CEO materially mis-spoke astatine their capitalist lawsuit and they are successful harm power mode. We viewed the stock terms weakness arsenic unjustified and moderately accrued our position. After 4th end, Jacobs Solutions acquired the number interests successful subsidiary PA Consulting. This transaction had been good signalled, was strategically dependable and the agreed acquisition terms was modestly beneath our expectations, a tiny affirmative to our basal lawsuit valuation."