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
+12.85%
1 Year Est. Return
+59.2%
3 Year Est. Return
+176.28%
5 Year Est. Return
+304.39%
10 Year Est. Return
–
AUM
$566M
AUM Growth
-$41.5M
Cap. Flow
-$80.3M
Cap. Flow %
-14.19%
Top 10 Hldgs %
48.99%
Holding
63
New
24
Increased
7
Reduced
4
Closed
27

Top Buys

Rank Stock Value
1
TLN
Talen Energy Corp
TLN
+$36.8M
2
STLD icon
Steel Dynamics
STLD
+$24.3M
3
ETN icon
Eaton
ETN
+$19.7M
4
WSO icon
Watsco Inc
WSO
+$16.8M
5
KNTK icon
Kinetik
KNTK
+$15.1M

Top Sells

Rank Stock Value
1
VRN
Veren
VRN
+$39.4M
2
AMZN icon
Amazon
AMZN
+$34.7M
3
CVE icon
Cenovus Energy
CVE
+$33M
4
CDNS icon
Cadence Design Systems
CDNS
+$18.5M
5
MA icon
Mastercard
MA
+$17.6M

Sector Composition

Rank Sector Weight
1 Industrials 28.84%
2 Technology 18.35%
3 Materials 13.31%
4 Energy 12.95%
5 Utilities 8.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TLN
1
Talen Energy Corp
TLN
$15.8B
$46.6M 8.24%
+261,500
New +$36.8M
MSFT icon
2
Microsoft
MSFT
$3.62T
$43M 7.61%
100,000
– –
ETN icon
3
Eaton
ETN
$174B
$35M 6.18%
105,500
+64,590
+158% +$19.7M
GEV icon
4
GE Vernova
GEV
$271B
$27.7M 4.89%
108,500
+29,950
+38% +$5.75M
STLD icon
5
Steel Dynamics
STLD
$38.1B
$25.2M 4.46%
+200,000
New +$24.3M
OR icon
6
OR Royalties Inc
OR
$6.04B
$24M 4.24%
1,296,000
-736,300
-36% -$12.7M
PWR icon
7
Quanta Services
PWR
$103B
$22.8M 4.03%
76,500
+36,500
+91% +$9.65M
WCN
8
Waste Connections
WCN
$41.5B
$17.9M 3.16%
100,000
+30,000
+43% +$5.43M
LNG icon
9
Cheniere Energy
LNG
$53.4B
$17.8M 3.15%
99,000
+35,500
+56% +$6.38M
WSO icon
10
Watsco Inc
WSO
$13.7B
$17.2M 3.04%
+35,000
New +$16.8M
GE icon
11
GE Aerospace
GE
$396B
$16M 2.83%
85,000
+10,000
+13% +$1.69M
KNTK icon
12
Kinetik
KNTK
$3.56B
$15.8M 2.8%
+350,000
New +$15.1M
SLV icon
13
iShares Silver Trust
SLV
$29.9B
$14.6M 2.58%
+513,000
New +$13.8M
TT icon
14
Trane Technologies
TT
$106B
$13.6M 2.4%
+35,000
New +$12.1M
LB
15
LandBridge Co
LB
$2.11B
$13.5M 2.39%
+345,000
New +$11.6M
SHW icon
16
Sherwin-Williams
SHW
$89.7B
$13.4M 2.36%
+35,000
New +$12.2M
AVY icon
17
Avery Dennison
AVY
$13.3B
$13.2M 2.34%
+60,000
New +$13M
OTIS icon
18
Otis Worldwide
OTIS
$27.8B
$13M 2.3%
+125,000
New +$11.9M
ECL icon
19
Ecolab
ECL
$80.3B
$12.8M 2.26%
+50,000
New +$12.2M
CVE icon
20
Cenovus Energy
CVE
$51.1B
$12.5M 2.22%
750,000
-1,780,900
-70% -$33M
CCJ icon
21
Cameco
CCJ
$41.1B
$11.9M 2.11%
250,000
+50,000
+25% +$2.18M
FLUT icon
22
Flutter Entertainment
FLUT
$16.1B
$11.9M 2.1%
+50,000
New +$10.4M
GOOGL icon
23
Alphabet (Google) Class A
GOOGL
$4.43T
$11.6M 2.05%
+70,000
New +$11.7M
META icon
24
Meta Platforms (Facebook)
META
$1.5T
$11.4M 2.02%
+20,000
New +$10.3M
AMZN icon
25
Amazon
AMZN
$2.94T
$11.2M 1.98%
60,000
-190,000
-76% -$34.7M
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 Q3 2024 Portfolio in Review

As of Q3 2024, Bornite Capital Management held 63 positions worth $566M, down 6.8% from $607M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Bornite Capital Management withdrew a net $80.3M in Q3 2024, closing 27 positions and reducing 4 holdings. Its most notable exit was Veren, an estimated $39.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 29% of assets, up from 24% a quarter earlier, followed by Technology and Materials.

Against the trend, Bornite Capital Management opened a new position in Talen Energy Corp worth $46.6M.

  • Bornite Capital Management's largest Q3 2024 buy was Talen Energy Corp: 261,500 shares worth $46.6M.
  • Bornite Capital Management added most to Eaton in Q3 2024, an estimated $19.7M increase.
  • Bornite Capital Management's biggest Q3 2024 reduction was Amazon, cutting an estimated $34.7M.
  • Bornite Capital Management fully exited Veren in Q3 2024, selling an estimated $39.4M.
  • Bornite Capital Management's ten largest holdings make up 49% of its $566M portfolio in Q3 2024.
  • Bornite Capital Management opened 24 new positions and closed 27 in Q3 2024.
  • Bornite Capital Management's portfolio value fell 6.8% quarter-over-quarter to $566M.

Based on Bornite Capital Management's 13F filing for Q3 2024, filed 13 Nov 2024.