Bornite Capital Management LP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Bornite Capital Management LP reported 37 stock positions worth $596.7 million. Its top holding was Cenovus Energy (CVE) at 8.5% of the portfolio, followed by Amazon.com (AMZN, 7.6%) and Valero Energy (VLO, 7.2%). Compared with Q4 2023, it opened 22 new positions, sold out of 4, added to 4 and reduced 9. The biggest buy was a new position in Osisko Gold Royalties (OR) and the biggest sale Eaton (ETN, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $596.7M (Q1 2024)
- SEC Filing
- 0001800641-24-000005 ↗ filed May 15, 2024
Holdings Value
Holdings 37 stocks · $596.7M
| CVE Cenovus Energy Inc. | 8.48% | 2,530,900 | $50.6M | Reduce -16.3% |
| AMZN Amazon.com Inc. | 7.56% | 250,000 | $45.1M | No change |
| VLO Valero Energy Corp. | 7.24% | 253,100 | $43.2M | Add +65.2% |
| MSFT Microsoft Corp. | 7.05% | 100,000 | $42.1M | No change |
| CRH CRH PLC | 5.87% | 406,146 | $35.0M | Reduce -33.0% |
| OR Osisko Gold Royalties Ltd. | 5.59% | 2,032,300 | $33.4M | New |
| GE General Electric | 4.51% | 153,400 | $26.9M | Reduce -44.9% |
| MS Morgan Stanley | 3.94% | 250,000 | $23.5M | New |
| MCK McKesson Corp. | 3.60% | 40,000 | $21.5M | Reduce -46.7% |
| WDAY Workday Inc. Class A | 3.43% | 75,000 | $20.5M | Reduce -40.0% |
| UBER Uber Technologies Inc. | 3.23% | 250,000 | $19.2M | New |
| NVT Nvent Electric PLC | 3.16% | 250,000 | $18.9M | New |
| WCC Wesco International Inc. | 2.87% | 100,000 | $17.1M | New |
| LYV Live Nation Entertainment Inc. | 2.66% | 150,000 | $15.9M | New |
| GOOGL Alphabet Inc. Class A | 2.53% | 100,000 | $15.1M | New |
| NUE Nucor Corp. | 2.49% | 75,000 | $14.8M | New |
| MA Mastercard Inc. Class A | 2.42% | 30,000 | $14.4M | New |
| AMAT Applied Materials Inc. | 2.25% | 65,000 | $13.4M | Add +62.5% |
| PEG Public Service Enterprise GP | 2.24% | 200,000 | $13.4M | New |
| RGLD Royal Gold Inc. | 2.04% | 100,000 | $12.2M | New |
| FNV Franco-Nevada Corp. | 2.00% | 100,000 | $11.9M | Add +35.7% |
| SPOT Spotify Technology SA | 1.99% | 45,000 | $11.9M | New |
| CCJ Cameco Corp. | 1.81% | 250,000 | $10.8M | Add +63.5% |
| UNH Unitedhealth Group Inc. | 1.66% | 20,000 | $9.9M | Reduce -33.3% |
| SPHR Sphere Entertainment Co. | 1.64% | 200,000 | $9.8M | New |
| KNX Knight-Swift Transportation | 1.61% | 175,000 | $9.6M | New |
| MDU Mdu Resources Group Inc. | 1.48% | 350,000 | $8.8M | New |
| DE Deere & Co. | 1.38% | 20,000 | $8.2M | New |
| PNW Pinnacle West Capital | 1.25% | 100,000 | $7.5M | New |
| CDNS Cadence Design SYS Inc. | 1.04% | 20,000 | $6.2M | New |
| AA Alcoa Corp. | 0.28% | 50,000 | $1.7M | New |
| NXE Nexgen Energy Ltd. | 0.26% | 200,000 | $1.6M | Reduce -61.4% |
| CPER United States Copper Index | 0.12% | 28,500 | $716K | New |
| CNM Core & Main Inc. Class A | 0.10% | 10,500 | $601K | New |
| ETN Eaton Corp. PLC | 0.09% | 1,710 | $535K | Reduce -98.9% |
| STLD Steel Dynamics Inc. | 0.08% | 3,400 | $504K | Reduce -97.3% |
| KNTK Kinetik Holdings Inc. | 0.05% | 6,800 | $271K | New |
Portfolio Sells Q4 2023 → Q1 2024
| ETN Eaton Corp. PLC | Reduce -98.9% | 0.09% | −8.46 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −5.09 |
| WDAY Workday Inc. Class A | Reduce -40.0% | 3.43% | −4.65 |
| MCK McKesson Corp. | Reduce -46.7% | 3.60% | −4.53 |
| CRH CRH PLC | Reduce -33.0% | 5.87% | −3.94 |
| GE General Electric | Reduce -44.9% | 4.51% | −3.80 |
| STLD Steel Dynamics Inc. | Reduce -97.3% | 0.08% | −3.46 |
| CVE Cenovus Energy Inc. | Reduce -16.3% | 8.48% | −3.31 |
| ATI Ati Inc. | Sold out | 0.00% | −2.34 |
| UNH Unitedhealth Group Inc. | Reduce -33.3% | 1.66% | −2.04 |
| MDB Mongodb Inc. | Sold out | 0.00% | −1.44 |
| RBLX Roblox Corp. Class A | Sold out | 0.00% | −1.07 |
| NXE Nexgen Energy Ltd. | Reduce -61.4% | 0.26% | −0.59 |
Portfolio Buys Q4 2023 → Q1 2024
| OR Osisko Gold Royalties Ltd. | New | 5.59% | +5.59 |
| MS Morgan Stanley | New | 3.94% | +3.94 |
| UBER Uber Technologies Inc. | New | 3.23% | +3.23 |
| NVT Nvent Electric PLC | New | 3.16% | +3.16 |
| WCC Wesco International Inc. | New | 2.87% | +2.87 |
| LYV Live Nation Entertainment Inc. | New | 2.66% | +2.66 |
| VLO Valero Energy Corp. | Add +65.2% | 7.24% | +2.58 |
| GOOGL Alphabet Inc. Class A | New | 2.53% | +2.53 |
| NUE Nucor Corp. | New | 2.49% | +2.49 |
| MA Mastercard Inc. Class A | New | 2.42% | +2.42 |
| PEG Public Service Enterprise GP | New | 2.24% | +2.24 |
| RGLD Royal Gold Inc. | New | 2.04% | +2.04 |
| SPOT Spotify Technology SA | New | 1.99% | +1.99 |
| SPHR Sphere Entertainment Co. | New | 1.64% | +1.64 |
| KNX Knight-Swift Transportation | New | 1.61% | +1.61 |
| MDU Mdu Resources Group Inc. | New | 1.48% | +1.48 |
| DE Deere & Co. | New | 1.38% | +1.38 |
| PNW Pinnacle West Capital | New | 1.25% | +1.25 |
| CDNS Cadence Design SYS Inc. | New | 1.04% | +1.04 |
| AMAT Applied Materials Inc. | Add +62.5% | 2.25% | +0.73 |
| AA Alcoa Corp. | New | 0.28% | +0.28 |
| CCJ Cameco Corp. | Add +63.5% | 1.81% | +0.27 |
| CPER United States Copper Index | New | 0.12% | +0.12 |
| CNM Core & Main Inc. Class A | New | 0.10% | +0.10 |
| FNV Franco-Nevada Corp. | Add +35.7% | 2.00% | +0.09 |
| KNTK Kinetik Holdings Inc. | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 20 | $794.6M | TLN, AMZN, CRS, DY, TSM |
| Q1 2026 | 17 | $594.8M | TSM, TLN, STLD, CTRI, CRS |
| Q4 2025 | 28 | $1.0B | TLN, LNG, AMZN, PWR, CRS |
| Q3 2025 | 35 | $1.1B | ECL, GLW, TLN, PWR, CRS |
| Q2 2025 | 36 | $998.8M | TLN, MIR, CRS, BKR, PWR |
| Q1 2025 | 28 | $388.3M | TLN, MIR, LNG, SOBO, GFL |
| Q4 2024 | 35 | $743.6M | TLN, STLD, MIR, WCN, GE |
| Q3 2024 | 36 | $565.8M | TLN, MSFT, ETN, GEV, STLD |
| Q2 2024 | 39 | $607.3M | CVE, AMZN, MSFT, VRN, OR |
| Q1 2024Amended | 37 | $596.7M | CVE, AMZN, VLO, MSFT, CRH |