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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
+14.11%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$289M
AUM Growth
+$102M
(+55%)
Cap. Flow
+$87.3M
Cap. Flow
% of AUM
30.2%
Top 10 Holdings %
Top 10 Hldgs %
70.13%
Holding
30
New
13
Increased
4
Reduced
–
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cenovus Energy
CVE
|
+$29.9M |
| 2 |
Amazon
AMZN
|
+$20.5M |
| 3 |
Lowe's Companies
LOW
|
+$19M |
| 4 |
Applied Materials
AMAT
|
+$18.8M |
| 5 |
Nike
NKE
|
+$16.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Suncor Energy
SU
|
+$20.7M |
| 2 |
Canadian Natural Resources
CNQ
|
+$18.3M |
| 3 |
Adobe
ADBE
|
+$14.4M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$13.4M |
| 5 |
American Water Works
AWK
|
+$12.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 32.08% |
| 2 | Consumer Discretionary | 19.84% |
| 3 | Technology | 16.3% |
| 4 | Energy | 15.91% |
| 5 | Industrials | 7.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Cenovus Energy
CVE
$51.1B
| $30.7M | 10.62% |
+2,500,000
| New | +$29.9M |
|
2
Reliance Steel & Aluminium
RS
$21.5B
| $24.3M | 8.42% |
150,000
+75,000
| +100% | +$11.6M |
|
|
3
Lowe's Companies
LOW
$123B
| $20.7M | 7.15% |
+80,000
| New | +$19M |
|
|
4
Applied Materials
AMAT
$424B
| $20.5M | 7.08% |
+130,000
| New | +$18.8M |
|
5
Microsoft
MSFT
$3.62T
| $20.2M | 6.98% |
60,000
+10,000
| +20% | +$3.24M |
|
|
6
Amazon
AMZN
$2.94T
| $20M | 6.92% |
+120,000
| New | +$20.5M |
|
7
Alcoa
AA
$12.6B
| $17.9M | 6.18% |
300,000
+150,000
| +100% | +$7.52M |
|
|
8
Nike
NKE
$63B
| $16.7M | 5.77% |
+100,000
| New | +$16.5M |
|
9
Corteva
CTVA
$52.5B
| $16.5M | 5.72% |
+350,000
| New | +$15.9M |
|
10
ExxonMobil
XOM
$628B
| $15.3M | 5.29% |
+250,000
| New | +$15.6M |
|
11
Nutrien
NTR
$32.1B
| $15M | 5.2% |
+200,000
| New | +$14M |
|
12
Thermo Fisher Scientific
TMO
$214B
| $13.3M | 4.62% |
+20,000
| New | +$12.5M |
|
13
Canadian National Railway
CNI
$77.1B
| $12.3M | 4.25% |
100,000
| – | – |
|
14
Morgan Stanley
MS
$343B
| $12.3M | 4.24% |
+125,000
| New | +$12.5M |
|
|
RDUS
15
DELISTED
Radius Recycling
RDUS
| $10.4M | 3.59% |
200,000
+100,000
| +100% | +$5.13M |
|
|
GTLS
16
DELISTED
Chart Industries
GTLS
| $7.97M | 2.76% |
+50,000
| New | +$8.84M |
|
17
ServiceNow
NOW
$121B
| $6.49M | 2.25% |
50,000
| – | – |
|
18
Southern Copper
SCCO
$164B
| $6.17M | 2.13% |
+107,871
| New | +$6.02M |
|
|
X
19
DELISTED
US Steel
X
| $2.38M | 0.82% |
+100,000
| New | +$2.36M |
|
|
20
Adobe
ADBE
$103B
| – | – |
-25,000
| Closed | -$14.4M |
|
|
21
American Water Works
AWK
$26.7B
| – | – |
-75,000
| Closed | -$12.7M |
|
|
22
Canadian Natural Resources
CNQ
$93.3B
| – | – |
-1,021,000
| Closed | -$18.3M |
|
23
Constellium
CSTM
$4.02B
| – | – |
-350,000
| Closed | -$6.57M |
|
24
Deere & Co
DE
$165B
| – | – |
-25,000
| Closed | -$8.38M |
|
|
25
Alphabet (Google) Class A
GOOGL
$4.43T
| – | – |
-100,000
| Closed | -$13.4M |
|
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Bornite Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Bornite Capital Management held 30 positions worth $289M, up 55% from $187M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Bornite Capital Management deployed $87.3M of net new capital in Q4 2021, opening 13 new positions and adding to 4 existing holdings. Its largest new stake was Cenovus Energy: 2,500,000 shares worth $30.7M.
By sector, the portfolio is most concentrated in Materials at 32% of assets, up from 20% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the most notable exit was Suncor Energy, an estimated $20.7M sold.
- Bornite Capital Management's largest Q4 2021 buy was Cenovus Energy: 2,500,000 shares worth $30.7M.
- Bornite Capital Management added most to Reliance Steel & Aluminium in Q4 2021, an estimated $11.6M increase.
- Bornite Capital Management fully exited Suncor Energy in Q4 2021, selling an estimated $20.7M.
- Bornite Capital Management's ten largest holdings make up 70% of its $289M portfolio in Q4 2021.
- Bornite Capital Management opened 13 new positions and closed 11 in Q4 2021.
- Bornite Capital Management's portfolio value rose 55% quarter-over-quarter to $289M.
Based on Bornite Capital Management's 13F filing for Q4 2021, filed 16 Feb 2022.