We are live on ! Find out more
BCM

Bornite Capital Management Portfolio holdings

AUM $595M
1-Year Est. Return 59.2%
This Fund
S&P 500
This Quarter Est. Return
+3.32%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$295M
AUM Growth
-$88.9M
Cap. Flow
-$100M
Cap. Flow %
-34.03%
Top 10 Hldgs %
55.84%
Holding
61
New
25
Increased
6
Reduced
22
Closed
7

Top Buys

Rank Stock Value
1
CVE icon
Cenovus Energy
CVE
+$19.3M
2
FCX icon
Freeport-McMoran
FCX
+$18.7M
3
X
US Steel
X
+$14.6M
4
STR
Sitio Royalties
STR
+$12.8M
5
AWK icon
American Water Works
AWK
+$11.5M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$23M
2
SU icon
Suncor Energy
SU
+$15.8M
3
LNG icon
Cheniere Energy
LNG
+$14.7M
4
MOS icon
The Mosaic Company
MOS
+$14.3M
5
RS icon
Reliance Steel & Aluminium
RS
+$13.7M

Sector Composition

Rank Sector Weight
1 Industrials 31.69%
2 Energy 18.16%
3 Materials 16.02%
4 Consumer Discretionary 10.85%
5 Technology 6.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ETN icon
1
Eaton
ETN
$174B
$21.8M 7.41%
127,500
+52,500
+70% +$8.74M
SLB icon
2
SLB Ltd
SLB
$74.1B
$20M 6.79%
408,000
+8,000
+2% +$425K
AWK icon
3
American Water Works
AWK
$26.7B
$18.7M 6.34%
127,600
+77,600
+155% +$11.5M
FCX icon
4
Freeport-McMoran
FCX
$97.1B
$18.4M 6.24%
+450,000
New +$18.7M
CVE icon
5
Cenovus Energy
CVE
$51.1B
$18.3M 6.22%
+1,050,000
New +$19.3M
WCN
6
Waste Connections
WCN
$41.5B
$17.8M 6.04%
128,000
+28,000
+28% +$3.73M
X
7
DELISTED
US Steel
X
$13.7M 4.65%
+525,000
New +$14.6M
J icon
8
Jacobs Solutions
J
$16.9B
$12.1M 4.12%
124,887
+3,990
+3% +$398K
WCC
9
WESCO International
WCC
$18.2B
$12.1M 4.1%
78,300
-21,700
-22% -$3.25M
STR
10
DELISTED
Sitio Royalties
STR
$11.6M 3.95%
+515,000
New +$12.8M
HLT icon
11
Hilton Worldwide
HLT
$73B
$11.3M 3.82%
80,000
-45,000
-36% -$6.34M
CSX icon
12
CSX Corp
CSX
$94.7B
$11.1M 3.76%
370,000
-30,000
-8% -$922K
DE icon
13
Deere & Co
DE
$165B
$10.9M 3.71%
26,500
+1,500
+6% +$621K
SBUX icon
14
Starbucks
SBUX
$121B
$10.4M 3.53%
+100,000
New +$10.4M
AMZN icon
15
Amazon
AMZN
$2.94T
$10.3M 3.5%
+100,000
New +$9.66M
MSFT icon
16
Microsoft
MSFT
$3.62T
$10.1M 3.42%
35,000
-90,000
-72% -$23M
DHR icon
17
Danaher
DHR
$140B
$10.1M 3.42%
45,120
– –
AMAT icon
18
Applied Materials
AMAT
$424B
$9.83M 3.33%
80,000
-45,000
-36% -$5.17M
MA icon
19
Mastercard
MA
$500B
$9.09M 3.08%
+25,000
New +$9.08M
MCK icon
20
McKesson
MCK
$103B
$8.9M 3.02%
+25,000
New +$9.03M
STLD icon
21
Steel Dynamics
STLD
$38.1B
$5.65M 1.92%
+50,000
New +$5.81M
KBR icon
22
KBR
KBR
$4.58B
$5.5M 1.87%
+100,000
New +$5.23M
FNV icon
23
Franco-Nevada
FNV
$43.7B
$5.1M 1.73%
+35,000
New +$4.88M
UNP icon
24
Union Pacific
UNP
$176B
$1.01M 0.34%
+5,000
New +$1.01M
LIN icon
25
Linde
LIN
$226B
$889K 0.3%
+2,500
New +$837K
1
2 3

Similar funds

ESL
Endurance Services Ltd Purchase, New York $594M AUM 8.77% 1-Year Est. Return
BWP
Balboa Wealth Partners Scottsdale, Arizona $596M AUM 40.89% 1-Year Est. Return
TAIM
Te Ahumairangi Investment Management Wellington, New Zealand $597M AUM 16.88% 1-Year Est. Return
1WCM
12 West Capital Management New York $592M AUM 40.75% 1-Year Est. Return
ECM
Estuary Capital Management Wayzata, Minnesota $598M AUM 1.72% 1-Year Est. Return
FSG
Financial Strategies Group Okemos, Michigan $598M AUM 12.52% 1-Year Est. Return
LBIM
Land & Buildings Investment Management Stamford, Connecticut $591M AUM 10.19% 1-Year Est. Return
SM
Sunriver Management Greenwich, Connecticut $591M AUM 2.74% 1-Year Est. Return

Bornite Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Bornite Capital Management held 61 positions worth $295M, down 23% from $384M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Bornite Capital Management withdrew a net $100M in Q1 2023, closing 7 positions and reducing 22 holdings. Its most notable exit was UnitedHealth, an estimated $10.6M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 25% a quarter earlier, followed by Energy and Materials.

Against the trend, Bornite Capital Management opened a new position in Cenovus Energy worth $18.3M.

  • Bornite Capital Management's largest Q1 2023 buy was Cenovus Energy: 1,050,000 shares worth $18.3M.
  • Bornite Capital Management added most to American Water Works in Q1 2023, an estimated $11.5M increase.
  • Bornite Capital Management's biggest Q1 2023 reduction was Microsoft, cutting an estimated $23M.
  • Bornite Capital Management fully exited UnitedHealth in Q1 2023, selling an estimated $10.6M.
  • Bornite Capital Management's ten largest holdings make up 56% of its $295M portfolio in Q1 2023.
  • Bornite Capital Management opened 25 new positions and closed 7 in Q1 2023.
  • Bornite Capital Management's portfolio value fell 23% quarter-over-quarter to $295M.

Based on Bornite Capital Management's 13F filing for Q1 2023, filed 15 May 2023.