We are live on ! Find out more
BCM

Bornite Capital Management Portfolio holdings

AUM $795M
1-Year Est. Return 60.32%
This Fund
S&P 500
This Quarter Est. Return
+1.49%
1 Year Est. Return
+60.32%
3 Year Est. Return
+208.32%
5 Year Est. Return
+337.49%
10 Year Est. Return
–
AUM
$388M
AUM Growth
-$355M
Cap. Flow
-$359M
Cap. Flow %
-92.34%
Top 10 Hldgs %
66.34%
Holding
47
New
12
Increased
3
Reduced
12
Closed
19

Top Buys

Rank Stock Value
1
LNG icon
Cheniere Energy
LNG
+$29.1M
2
GFL icon
GFL Environmental
GFL
+$24.5M
3
VNOM icon
Viper Energy
VNOM
+$23.6M
4
MA icon
Mastercard
MA
+$21.8M
5
NFLX icon
Netflix
NFLX
+$19M

Top Sells

Rank Stock Value
1
STLD icon
Steel Dynamics
STLD
+$39.9M
2
WCN
Waste Connections
WCN
+$36.3M
3
GEV icon
GE Vernova
GEV
+$36M
4
MPC icon
Marathon Petroleum
MPC
+$34.9M
5
MLM icon
Martin Marietta Materials
MLM
+$29.5M

Sector Composition

Rank Sector Weight
1 Industrials 30.87%
2 Energy 21.16%
3 Communication Services 15.1%
4 Utilities 10.77%
5 Materials 8.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KNTK icon
26
Kinetik
KNTK
$4.12B
$909K 0.23%
17,500
-420,500
-96% -$24.7M
ETN icon
27
Eaton
ETN
$168B
$870K 0.22%
3,200
-46,800
-94% -$14.6M
CCJ icon
28
Cameco
CCJ
$37.8B
$440K 0.11%
+10,700
New +$504K
AMAT icon
29
Applied Materials
AMAT
$406B
– –
-100,000
Closed -$16.3M
BKR icon
30
Baker Hughes
BKR
$55.5B
– –
-500,000
Closed -$20.5M
CRH icon
31
CRH
CRH
$56.2B
– –
-150,000
Closed -$13.9M
CRM icon
32
Salesforce
CRM
$185B
– –
-50,000
Closed -$16.7M
FNV icon
33
Franco-Nevada
FNV
$47.8B
– –
-230,000
Closed -$27M
GOOGL icon
34
Alphabet (Google) Class A
GOOGL
$4.17T
– –
-100,000
Closed -$18.9M
GS icon
35
Goldman Sachs
GS
$267B
– –
-30,000
Closed -$17.2M
LYV icon
36
Live Nation Entertainment
LYV
$39.9B
– –
-100,000
Closed -$12.9M
MCK icon
37
McKesson
MCK
$101B
– –
-30,000
Closed -$17.1M
MPC icon
38
Marathon Petroleum
MPC
$110B
– –
-250,000
Closed -$34.9M
MSFT icon
39
Microsoft
MSFT
$3.78T
– –
-30,000
Closed -$12.6M
MU icon
40
Micron Technology
MU
$1.2T
– –
-100,000
Closed -$8.42M
SHW icon
41
Sherwin-Williams
SHW
$80.2B
– –
-50,000
Closed -$17M
STLD icon
42
Steel Dynamics
STLD
$31.8B
– –
-350,000
Closed -$39.9M
TT icon
43
Trane Technologies
TT
$100B
– –
-40,200
Closed -$14.8M
UBER icon
44
Uber
UBER
$142B
– –
-200,000
Closed -$12.1M
WCN
45
Waste Connections
WCN
$39.1B
– –
-211,700
Closed -$36.3M
FLUT icon
46
Flutter Entertainment
FLUT
$12.9B
– –
-40,000
Closed -$10.3M
VRN
47
DELISTED
Veren
VRN
– –
-2,000,000
Closed -$10.3M
1
2

Similar funds

CPG
Cornerstone Planning Group Fairfield, New Jersey $794M AUM 22.68% 1-Year Est. Return
HA
Harbor Advisors West Palm Beach, Florida $795M AUM 58.85% 1-Year Est. Return
TCMX
Technology Crossover Management X Menlo Park, California $795M AUM 5.23% 1-Year Est. Return
TFGT
TS Financial Group (TSFG) Lake Forest, Illinois $794M AUM 24.65% 1-Year Est. Return
SIM
Seilern Investment Management London, United Kingdom $794M AUM 6.63% 1-Year Est. Return
RMC
Resources Management Corp West Hartford, Connecticut $794M AUM 25.46% 1-Year Est. Return
EA
Emerald Advisors Bellevue, Washington $796M AUM 2.51% 1-Year Est. Return
RWM
Raffa Wealth Management Washington, District of Columbia $793M AUM 13.11% 1-Year Est. Return

Bornite Capital Management's Q1 2025 Portfolio in Review

As of Q1 2025, Bornite Capital Management held 47 positions worth $388M, down 48% from $744M the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Bornite Capital Management withdrew a net $359M in Q1 2025, closing 19 positions and reducing 12 holdings. Its most notable exit was Steel Dynamics, an estimated $39.9M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 31% of assets, up from 28% a quarter earlier, followed by Energy and Communication Services.

Against the trend, Bornite Capital Management opened a new position in Cheniere Energy worth $29.9M.

  • Bornite Capital Management's largest Q1 2025 buy was Cheniere Energy: 129,300 shares worth $29.9M.
  • Bornite Capital Management added most to Quanta Services in Q1 2025, an estimated $3.5M increase.
  • Bornite Capital Management's biggest Q1 2025 reduction was GE Vernova, cutting an estimated $36M.
  • Bornite Capital Management fully exited Steel Dynamics in Q1 2025, selling an estimated $39.9M.
  • Bornite Capital Management's ten largest holdings make up 66% of its $388M portfolio in Q1 2025.
  • Bornite Capital Management opened 12 new positions and closed 19 in Q1 2025.
  • Bornite Capital Management's portfolio value fell 48% quarter-over-quarter to $388M.

Based on Bornite Capital Management's 13F filing for Q1 2025, filed 12 May 2025.