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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
+16.74%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$328M
AUM Growth
+$38.7M
Cap. Flow
+$9.16M
Cap. Flow %
2.8%
Top 10 Hldgs %
63.85%
Holding
33
New
14
Increased
3
Reduced
3
Closed
12

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$22.3M
2
MA icon
Mastercard
MA
+$21.6M
3
ADBE icon
Adobe
ADBE
+$16.8M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$16.3M
5
CSX icon
CSX Corp
CSX
+$14.1M

Top Sells

Rank Stock Value
1
RS icon
Reliance Steel & Aluminium
RS
+$24.3M
2
LOW icon
Lowe's Companies
LOW
+$20.7M
3
AMAT icon
Applied Materials
AMAT
+$20.5M
4
NKE icon
Nike
NKE
+$16.7M
5
CTVA icon
Corteva
CTVA
+$16.5M

Sector Composition

Rank Sector Weight
1 Energy 26.39%
2 Materials 22.85%
3 Industrials 11.35%
4 Technology 10.51%
5 Financials 6.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LOW icon
26
Lowe's Companies
LOW
$122B
– –
-80,000
Closed -$20.7M
MS icon
27
Morgan Stanley
MS
$336B
– –
-125,000
Closed -$12.3M
NKE icon
28
Nike
NKE
$62.3B
– –
-100,000
Closed -$16.7M
NOW icon
29
ServiceNow
NOW
$121B
– –
-50,000
Closed -$6.49M
NTR icon
30
Nutrien
NTR
$32B
– –
-200,000
Closed -$15M
RS icon
31
Reliance Steel & Aluminium
RS
$21.3B
– –
-150,000
Closed -$24.3M
SCCO icon
32
Southern Copper
SCCO
$161B
– –
-107,871
Closed -$6.17M
XOM icon
33
ExxonMobil
XOM
$642B
– –
-250,000
Closed -$15.3M
1
2

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Bornite Capital Management's Q1 2022 Portfolio in Review

As of Q1 2022, Bornite Capital Management held 33 positions worth $328M, up 13% from $289M the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Bornite Capital Management's Q1 2022 filing shows 14 new, 3 increased, 3 reduced and 12 closed positions. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 50,000 shares worth $22.6M. The largest sale was Reliance Steel & Aluminium, an estimated $24.3M.

By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 16% a quarter earlier, followed by Materials and Industrials.

  • Bornite Capital Management's largest Q1 2022 buy was State Street SPDR S&P 500 ETF Trust: 50,000 shares worth $22.6M.
  • Bornite Capital Management added most to US Steel in Q1 2022, an estimated $8.12M increase.
  • Bornite Capital Management's biggest Q1 2022 reduction was Alcoa, cutting an estimated $10.9M.
  • Bornite Capital Management fully exited Reliance Steel & Aluminium in Q1 2022, selling an estimated $24.3M.
  • Bornite Capital Management's ten largest holdings make up 64% of its $328M portfolio in Q1 2022.
  • Bornite Capital Management opened 14 new positions and closed 12 in Q1 2022.
  • Bornite Capital Management's portfolio value rose 13% quarter-over-quarter to $328M.

Based on Bornite Capital Management's 13F filing for Q1 2022, filed 29 Apr 2022.