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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
-16.1%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$305M
AUM Growth
-$23.1M
Cap. Flow
+$29.4M
Cap. Flow %
9.65%
Top 10 Hldgs %
80.25%
Holding
27
New
6
Increased
8
Reduced
–
Closed
11

Top Buys

Rank Stock Value
1
SU icon
Suncor Energy
SU
+$36.4M
2
FNV icon
Franco-Nevada
FNV
+$29.6M
3
MSFT icon
Microsoft
MSFT
+$24.4M
4
CSX icon
CSX Corp
CSX
+$19.6M
5
X
US Steel
X
+$16.4M

Top Sells

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$50M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$22.6M
3
TMO icon
Thermo Fisher Scientific
TMO
+$17.7M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$16.7M
5
AMZN icon
Amazon
AMZN
+$16.3M

Sector Composition

Rank Sector Weight
1 Materials 28.49%
2 Technology 24.62%
3 Energy 22.08%
4 Industrials 14.45%
5 Financials 10.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMO icon
26
Thermo Fisher Scientific
TMO
$214B
– –
-30,000
Closed -$17.7M
ARNC
27
DELISTED
Arconic Corporation
ARNC
– –
-300,000
Closed -$7.69M
1
2

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Bornite Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Bornite Capital Management held 27 positions worth $305M, down 7.1% from $328M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Bornite Capital Management deployed $29.4M of net new capital in Q2 2022, opening 6 new positions and adding to 8 existing holdings. Its largest new stake was Suncor Energy: 1,000,000 shares worth $35.1M.

By sector, the portfolio is most concentrated in Materials at 28% of assets, up from 23% a quarter earlier, followed by Technology and Energy.

On the sell side, the most notable exit was Cenovus Energy, an estimated $50M sold.

  • Bornite Capital Management's largest Q2 2022 buy was Suncor Energy: 1,000,000 shares worth $35.1M.
  • Bornite Capital Management added most to Microsoft in Q2 2022, an estimated $24.4M increase.
  • Bornite Capital Management fully exited Cenovus Energy in Q2 2022, selling an estimated $50M.
  • Bornite Capital Management's ten largest holdings make up 80% of its $305M portfolio in Q2 2022.
  • Bornite Capital Management opened 6 new positions and closed 11 in Q2 2022.
  • Bornite Capital Management's portfolio value fell 7.1% quarter-over-quarter to $305M.

Based on Bornite Capital Management's 13F filing for Q2 2022, filed 25 Jul 2022.