Bornite Capital Management LP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Bornite Capital Management LP reported 39 stock positions worth $607.3 million. Its top holding was Cenovus Energy (CVE) at 8.2% of the portfolio, followed by Amazon.com (AMZN, 8.0%) and Microsoft (MSFT, 7.4%). Compared with Q1 2024, it opened 21 new positions, sold out of 20, added to 8 and reduced 6. The biggest buy was a new position in Veren (VRN) and the biggest sale an exit from Valero Energy (VLO).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $607.3M (Q2 2024)
- SEC Filing
- 0001013594-24-000661 ↗ filed Aug 14, 2024
Holdings Value
Holdings 39 stocks · $607.3M
| CVE Cenovus Energy Inc. | 8.19% | 2,530,900 | $49.8M | No change |
| AMZN Amazon.com Inc. | 7.96% | 250,000 | $48.3M | No change |
| MSFT Microsoft Corp. | 7.36% | 100,000 | $44.7M | No change |
| VRN Veren Inc. | 6.48% | 5,000,000 | $39.4M | New |
| OR Osisko Gold Royalties Ltd. | 5.21% | 2,032,300 | $31.7M | No change |
| CDNS Cadence Design SYS Inc. | 3.04% | 60,000 | $18.5M | Add +200.0% |
| MA Mastercard Inc. Class A | 2.91% | 40,000 | $17.6M | Add +33.3% |
| AAPL Apple Inc. | 2.77% | 80,000 | $16.8M | New |
| NUE Nucor Corp. | 2.60% | 100,000 | $15.8M | Add +33.3% |
| FNV Franco-Nevada Corp. | 2.44% | 125,000 | $14.8M | Add +25.0% |
| UBER Uber Technologies Inc. | 2.39% | 200,000 | $14.5M | Reduce -20.0% |
| GEV GE Vernova Inc. | 2.22% | 78,550 | $13.5M | Add +104.8% |
| ETN Eaton Corp. PLC | 2.11% | 40,910 | $12.8M | Add +2292.4% |
| CNM Core & Main Inc. Class A | 2.10% | 260,500 | $12.7M | Add +2380.9% |
| WCN Waste Connections Inc. | 2.02% | 70,000 | $12.3M | New |
| GE General Electric filed as GE AEROSPACE | 1.96% | 75,000 | $11.9M | Reduce -51.1% |
| CRH CRH PLC | 1.93% | 156,146 | $11.7M | Reduce -61.5% |
| MCK McKesson Corp. | 1.92% | 20,000 | $11.7M | Reduce -50.0% |
| DE Deere & Co. | 1.85% | 30,000 | $11.2M | Add +50.0% |
| LNG Cheniere Energy Inc. | 1.83% | 63,500 | $11.1M | New |
| BLDR Builders Firstsource Inc. | 1.82% | 80,000 | $11.1M | New |
| MIR Mirion Technologies Inc. | 1.82% | 1,027,600 | $11.0M | New |
| LIN Linde PLC | 1.81% | 25,000 | $11.0M | New |
| HLT Hilton Worldwide Holdings Inc. | 1.80% | 50,000 | $10.9M | New |
| MPC Marathon Petroleum Corp. | 1.79% | 62,700 | $10.9M | New |
| MLM Martin Marietta Materials | 1.78% | 20,000 | $10.8M | New |
| NEE Nextera Energy Inc. | 1.75% | 150,000 | $10.6M | New |
| FDX FedEx Corp. | 1.73% | 35,000 | $10.5M | New |
| APD Air Products & Chemicals Inc. | 1.70% | 40,000 | $10.3M | New |
| PWR Quanta Services Inc. | 1.67% | 40,000 | $10.2M | New |
| CSX CSX Corp. | 1.65% | 300,000 | $10.0M | New |
| CZR Caesars Entertainment Inc. | 1.64% | 250,000 | $9.9M | New |
| CCJ Cameco Corp. | 1.62% | 200,000 | $9.8M | Reduce -20.0% |
| DFS Discover Financial Services | 1.62% | 75,000 | $9.8M | New |
| GLW Corning Inc. | 1.60% | 250,000 | $9.7M | New |
| AER Aercap Holdings NV | 1.53% | 100,000 | $9.3M | New |
| FLR Fluor Corp. | 1.43% | 200,000 | $8.7M | New |
| MDU Mdu Resources Group Inc. | 1.27% | 308,000 | $7.7M | Reduce -12.0% |
| STNG Scorpio Tankers Inc. | 0.67% | 50,000 | $4.1M | New |
Portfolio Sells Q1 2024 → Q2 2024
| VLO Valero Energy Corp. | Sold out | 0.00% | −7.24 |
| MS Morgan Stanley | Sold out | 0.00% | −3.94 |
| CRH CRH PLC | Reduce -61.5% | 1.93% | −3.94 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −3.43 |
| NVT Nvent Electric PLC | Sold out | 0.00% | −3.16 |
| WCC Wesco International Inc. | Sold out | 0.00% | −2.87 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −2.66 |
| GE General Electric | Reduce -51.1% | 1.96% | −2.55 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.53 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −2.25 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −2.24 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −2.04 |
| SPOT Spotify Technology SA | Sold out | 0.00% | −1.99 |
| MCK McKesson Corp. | Reduce -50.0% | 1.92% | −1.68 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.66 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −1.64 |
| KNX Knight-Swift Transportation | Sold out | 0.00% | −1.61 |
| PNW Pinnacle West Capital | Sold out | 0.00% | −1.25 |
| UBER Uber Technologies Inc. | Reduce -20.0% | 2.39% | −0.83 |
| AA Alcoa Corp. | Sold out | 0.00% | −0.28 |
| NXE Nexgen Energy Ltd. | Sold out | 0.00% | −0.26 |
| MDU Mdu Resources Group Inc. | Reduce -12.0% | 1.27% | −0.21 |
| CCJ Cameco Corp. | Reduce -20.0% | 1.62% | −0.19 |
| CPER United States Copper Index | Sold out | 0.00% | −0.12 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.08 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.05 |
Portfolio Buys Q1 2024 → Q2 2024
| VRN Veren Inc. | New | 6.48% | +6.48 |
| AAPL Apple Inc. | New | 2.77% | +2.77 |
| ETN Eaton Corp. PLC | Add +2292.4% | 2.11% | +2.02 |
| WCN Waste Connections Inc. | New | 2.02% | +2.02 |
| CNM Core & Main Inc. Class A | Add +2380.9% | 2.10% | +2.00 |
| CDNS Cadence Design SYS Inc. | Add +200.0% | 3.04% | +2.00 |
| LNG Cheniere Energy Inc. | New | 1.83% | +1.83 |
| BLDR Builders Firstsource Inc. | New | 1.82% | +1.82 |
| MIR Mirion Technologies Inc. | New | 1.82% | +1.82 |
| LIN Linde PLC | New | 1.81% | +1.81 |
| HLT Hilton Worldwide Holdings Inc. | New | 1.80% | +1.80 |
| MPC Marathon Petroleum Corp. | New | 1.79% | +1.79 |
| MLM Martin Marietta Materials | New | 1.78% | +1.78 |
| NEE Nextera Energy Inc. | New | 1.75% | +1.75 |
| FDX FedEx Corp. | New | 1.73% | +1.73 |
| APD Air Products & Chemicals Inc. | New | 1.70% | +1.70 |
| PWR Quanta Services Inc. | New | 1.67% | +1.67 |
| CSX CSX Corp. | New | 1.65% | +1.65 |
| CZR Caesars Entertainment Inc. | New | 1.64% | +1.64 |
| DFS Discover Financial Services | New | 1.62% | +1.62 |
| GLW Corning Inc. | New | 1.60% | +1.60 |
| AER Aercap Holdings NV | New | 1.53% | +1.53 |
| FLR Fluor Corp. | New | 1.43% | +1.43 |
| GEV GE Vernova Inc. | Add +104.8% | 2.22% | +1.12 |
| STNG Scorpio Tankers Inc. | New | 0.67% | +0.67 |
| MA Mastercard Inc. Class A | Add +33.3% | 2.91% | +0.48 |
| DE Deere & Co. | Add +50.0% | 1.85% | +0.47 |
| FNV Franco-Nevada Corp. | Add +25.0% | 2.44% | +0.44 |
| NUE Nucor Corp. | Add +33.3% | 2.60% | +0.12 |
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 |