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Bornite Capital Management LP

Q1 2026 · Filed 2026-05-15
Market Value
$595M
-42.0%
Holdings
34
-15
New Purchases
6
Added To
3
Closed
17
Reduced
6
Top 10 Concentration
84.0%
Turnover
67.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
STLD 10.59% 0.00% +10.59% $63M
CTRI 10.36% 0.00% +10.36% $62M
AR 7.42% 0.00% +7.42% $44M
DY 5.99% 0.00% +5.99% $36M
META 5.77% 0.00% +5.77% $34M
TSM 11.74% 6.13% +5.61% $70M
SKE.TO 6.57% 1.21% +5.36% $39M
CENX 5.35% 0.96% +4.39% $32M
TLN 11.21% 7.54% +3.67% $67M
CRS 8.83% 6.40% +2.43% $53M
DC 1.70% 0.00% +1.70% $10M
FCX 3.95% 2.48% +1.47% $24M
SPOT 1.63% 1.13% +0.50% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AMZN 0.00% 6.76% -6.76% $0
GLW 0.00% 6.24% -6.24% $0
GE 0.31% 6.20% -5.90% $2M
VNOM 0.00% 5.65% -5.65% $0
GFL 0.00% 5.63% -5.63% $0
NUE 0.00% 4.78% -4.78% $0
LNG 2.81% 6.81% -4.00% $17M
CRH.L 0.00% 3.89% -3.89% $0
BLL 0.00% 3.62% -3.62% $0
RRC 0.00% 2.75% -2.75% $0
UAL 0.00% 2.73% -2.73% $0
BAC 0.00% 2.68% -2.68% $0
TECK 0.00% 2.34% -2.34% $0
SNPS 0.00% 1.83% -1.83% $0
ROAD 0.00% 1.59% -1.59% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $106M 17.8%
Large Cap 20 $345M 58.0%
Mid Cap 6 $133M 22.3%
Small Cap 3 $12M 1.9%

Portfolio Analytics

Avg Market Cap
$242.8B
Median Market Cap
$26.0B
Avg P/E
37.9
Median P/E
32.1
Avg Dividend Yield
0.01%
Avg Beta
1.17
# Stocks
34
# ETFs / Funds
0

Top Holdings (34 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TSM 11.74% 206,600 $70M $337.95 $7M
2 TLN 11.21% 208,800 $67M $319.23 -$11M +2,800 +1.4%
3 STLD 10.59% 350,000 $63M $180.00 +350,000 NEW
4 CTRI 10.36% 2,109,000 $62M $29.21 +2,109,000 NEW
5 CRS 8.83% 133,200 $53M $394.15 -$13M -75,000 -36.0%
6 AR 7.42% 1,040,000 $44M $42.44 +1,040,000 NEW
7 SKE.TO 6.57% 1,313,000 $39M $29.77 $27M +790,000 +151.1%
8 DY 5.99% 105,200 $36M $338.82 +105,200 NEW
9 META 5.77% 60,000 $34M $572.13 +60,000 NEW
10 PWR 5.54% 60,000 $33M $549.02 -$33M -95,500 -61.4%
11 CENX 5.35% 542,000 $32M $58.69 $22M +292,000 +116.8%
12 FCX 3.95% 400,000 $24M $58.78 -$2M -100,000 -20.0%
13 LNG 2.81% 58,900 $17M $283.76 -$53M -300,000 -83.6%
14 DC 1.70% 2,000,000 $10M $5.05 +2,000,000 NEW
15 SPOT 1.63% 20,000 $10M $484.91 -$2M
16 GE 0.31% 6,400 $2M $283.77 -$62M -200,000 -96.9%
17 NAK 0.24% 1,000,000 $1M $1.40 -$9M -4,385,000 -81.4%
18 BAC —% -$28M -500,000 -100.0% SOLD
19 GLW —% -$64M -730,000 -100.0% SOLD
20 VNOM —% -$58M -1,500,000 -100.0% SOLD
21 ROAD —% -$16M -150,000 -100.0% SOLD
22 UAL —% -$28M -250,000 -100.0% SOLD
23 GFL —% -$58M -1,342,400 -100.0% SOLD
24 CARR —% -$16M -300,000 -100.0% SOLD
25 AMZN —% -$69M -300,000 -100.0% SOLD
26 BLL —% -$37M -700,000 -100.0% SOLD
27 NUE —% -$49M -300,000 -100.0% SOLD
28 CRH.L —% -$40M -319,800 -100.0% SOLD
29 TECK —% -$24M -500,000 -100.0% SOLD
30 MOS —% -$7M -300,000 -100.0% SOLD
31 WWD —% -$2M -5,200 -100.0% SOLD
32 SNPS —% -$19M -40,000 -100.0% SOLD
33 RRC —% -$28M -800,000 -100.0% SOLD
34 TE —% -$8M -1,250,000 -100.0% SOLD

New Positions

SymbolValue% Port
STLD $63M 10.59%
CTRI $62M 10.36%
AR $44M 7.42%
DY $36M 5.99%
META $34M 5.77%
DC $10M 1.70%

Sold Out Positions

SymbolValue% Port
AMZN —%
CARR —%
GFL —%
TECK —%
BAC —%
RRC —%
MOS —%
NUE —%
GLW —%
TE —%
UAL —%
SNPS —%
WWD —%
ROAD —%
VNOM —%
View SEC EDGAR Filings for Bornite Capital Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms