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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
$597M
AUM Growth
+$169M
(+40%)
Cap. Flow
+$86.5M
Cap. Flow
% of AUM
14.49%
Top 10 Holdings %
Top 10 Hldgs %
57.27%
Holding
41
New
22
Increased
4
Reduced
9
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
OR Royalties Inc
OR
|
+$30M |
| 2 |
Morgan Stanley
MS
|
+$22M |
| 3 |
Uber
UBER
|
+$17.9M |
| 4 |
WCC
WESCO International
WCC
|
+$16.5M |
| 5 |
nVent Electric
NVT
|
+$16.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eaton
ETN
|
+$41M |
| 2 |
Freeport-McMoran
FCX
|
+$21.8M |
| 3 |
GE Aerospace
GE
|
+$18.5M |
| 4 |
McKesson
MCK
|
+$17.8M |
| 5 |
Steel Dynamics
STLD
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 18.36% |
| 2 | Energy | 17.84% |
| 3 | Technology | 16.99% |
| 4 | Industrials | 13.72% |
| 5 | Communication Services | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Knight Transportation
KNX
$11.5B
| $9.63M | 1.61% |
+175,000
| New | +$9.87M |
|
27
MDU Resources
MDU
$4.27B
| $8.82M | 1.48% |
+631,750
| New | +$7.31M |
|
28
Deere & Co
DE
$166B
| $8.21M | 1.38% |
+20,000
| New | +$7.67M |
|
29
Pinnacle West Capital
PNW
$12.2B
| $7.47M | 1.25% |
+100,000
| New | +$7.04M |
|
30
Cadence Design Systems
CDNS
$93.8B
| $6.23M | 1.04% |
+20,000
| New | +$5.92M |
|
31
Alcoa
AA
$12.7B
| $1.69M | 0.28% |
+50,000
| New | +$1.46M |
|
32
NexGen Energy
NXE
$6.98B
| $1.55M | 0.26% |
200,000
-318,500
| -61% | -$2.37M |
|
33
United States Copper Index Fund
CPER
$786M
| $716K | 0.12% |
+28,500
| New | +$686K |
|
34
Core & Main
CNM
$8.58B
| $601K | 0.1% |
+10,500
| New | +$481K |
|
|
35
Eaton
ETN
$175B
| $535K | 0.09% |
1,710
-150,000
| -99% | -$41M |
|
|
36
Steel Dynamics
STLD
$37.9B
| $504K | 0.08% |
3,400
-125,000
| -97% | -$15.7M |
|
37
Kinetik
KNTK
$3.72B
| $271K | 0.05% |
+6,800
| New | +$233K |
|
38
ATI
ATI
$31.3B
| – | – |
-220,000
| Closed | -$10M |
|
|
39
Freeport-McMoran
FCX
$96.3B
| – | – |
-511,016
| Closed | -$21.8M |
|
40
MongoDB
MDB
$30.2B
| – | – |
-15,000
| Closed | -$6.13M |
|
41
Roblox
RBLX
$26.4B
| – | – |
-100,000
| Closed | -$4.57M |
|
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Bornite Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Bornite Capital Management held 41 positions worth $597M, up 40% from $427M the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Bornite Capital Management deployed $86.5M of net new capital in Q1 2024, opening 22 new positions and adding to 4 existing holdings. Its largest new stake was OR Royalties Inc: 2,032,300 shares worth $33.4M.
By sector, the portfolio is most concentrated in Materials at 18% of assets, down from 20% a quarter earlier, followed by Energy and Technology.
On the sell side, the largest reduction was Eaton, an estimated $41M trimmed.
- Bornite Capital Management's largest Q1 2024 buy was OR Royalties Inc: 2,032,300 shares worth $33.4M.
- Bornite Capital Management added most to Valero Energy in Q1 2024, an estimated $14.3M increase.
- Bornite Capital Management's biggest Q1 2024 reduction was Eaton, cutting an estimated $41M.
- Bornite Capital Management fully exited Freeport-McMoran in Q1 2024, selling an estimated $21.8M.
- Bornite Capital Management's ten largest holdings make up 57% of its $597M portfolio in Q1 2024.
- Bornite Capital Management opened 22 new positions and closed 4 in Q1 2024.
- Bornite Capital Management's portfolio value rose 40% quarter-over-quarter to $597M.
Based on Bornite Capital Management's 13F filing for Q1 2024, filed 15 May 2024.