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BCM
Bornite Capital Management Portfolio holdings
AUM
$595M
1-Year Est. Return
59.2%
This Fund
S&P 500
This Quarter
Est. Return
+2.85%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$187M
AUM Growth
-$36.7M
(-16%)
Cap. Flow
-$41M
Cap. Flow
% of AUM
-21.9%
Top 10 Holdings %
Top 10 Hldgs %
73.88%
Holding
39
New
11
Increased
3
Reduced
2
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$20M |
| 2 |
Canadian Natural Resources
CNQ
|
+$16.8M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$13.6M |
| 4 |
American Water Works
AWK
|
+$13.1M |
| 5 |
WCN
Waste Connections
WCN
|
+$12.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$13.1M |
| 2 |
CSX Corp
CSX
|
+$12.8M |
| 3 |
Amazon
AMZN
|
+$12M |
| 4 |
Lowe's Companies
LOW
|
+$11.6M |
| 5 |
Alcoa
AA
|
+$10.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 29.84% |
| 2 | Materials | 20.27% |
| 3 | Technology | 18.56% |
| 4 | Industrials | 17.4% |
| 5 | Communication Services | 7.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Lam Research
LRCX
$383B
| – | – |
-120,000
| Closed | -$7.81M |
|
27
Southwest Airlines
LUV
$23.6B
| – | – |
-125,000
| Closed | -$6.64M |
|
28
Meta Platforms (Facebook)
META
$1.51T
| – | – |
-30,000
| Closed | -$10.4M |
|
29
Netflix
NFLX
$307B
| – | – |
-150,000
| Closed | -$7.92M |
|
30
Nike
NKE
$63.2B
| – | – |
-60,000
| Closed | -$9.27M |
|
31
OR Royalties Inc
OR
$6.01B
| – | – |
-300,000
| Closed | -$4.11M |
|
32
PayPal
PYPL
$50.4B
| – | – |
-30,000
| Closed | -$8.74M |
|
33
RTX Corp
RTX
$302B
| – | – |
-90,000
| Closed | -$7.68M |
|
34
Sunrun
RUN
$2.32B
| – | – |
-50,000
| Closed | -$2.79M |
|
35
Sibanye-Stillwater
SBSW
$7.05B
| – | – |
-300,000
| Closed | -$5.02M |
|
36
Visa
V
$684B
| – | – |
-35,000
| Closed | -$8.18M |
|
|
X
37
CALL
DELISTED
US Steel
X
| – | – |
-500,000
| Closed | -$1.21M |
|
|
TWTR
38
DELISTED
Twitter, Inc.
TWTR
| – | – |
-70,000
| Closed | -$4.82M |
|
|
PSTH
39
DELISTED
Pershing Square Tontine Holdings, Ltd.
PSTH
| – | – |
-224,815
| Closed | -$5.12M |
|
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Bornite Capital Management's Q3 2021 Portfolio in Review
As of Q3 2021, Bornite Capital Management held 39 positions worth $187M, down 16% from $224M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Bornite Capital Management withdrew a net $41M in Q3 2021, closing 22 positions and reducing 2 holdings. Its most notable exit was Hess, an estimated $13.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 30% of assets, up from 9.3% a quarter earlier, followed by Materials and Technology.
Against the trend, Bornite Capital Management opened a new position in Suncor Energy worth $20.7M.
- Bornite Capital Management's largest Q3 2021 buy was Suncor Energy: 1,000,000 shares worth $20.7M.
- Bornite Capital Management added most to Adobe in Q3 2021, an estimated $6.29M increase.
- Bornite Capital Management's biggest Q3 2021 reduction was Alcoa, cutting an estimated $10.6M.
- Bornite Capital Management fully exited Hess in Q3 2021, selling an estimated $13.1M.
- Bornite Capital Management's ten largest holdings make up 74% of its $187M portfolio in Q3 2021.
- Bornite Capital Management opened 11 new positions and closed 22 in Q3 2021.
- Bornite Capital Management's portfolio value fell 16% quarter-over-quarter to $187M.
Based on Bornite Capital Management's 13F filing for Q3 2021, filed 10 Nov 2021.