Bornite Capital Management LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Bornite Capital Management LP reported 35 stock positions worth $743.6 million. Its top holding was Talen Energy (TLN) at 5.7% of the portfolio, followed by Steel Dynamics (STLD, 5.4%) and Mirion Technologies (MIR, 5.0%). Compared with Q3 2024, it opened 14 new positions, sold out of 16, added to 15 and reduced 6. The biggest buy was a new position in Mirion Technologies (MIR) and the biggest sale Microsoft (MSFT, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $743.6M (Q4 2024)
- SEC Filing
- 0001800641-25-000002 ↗ filed Feb 12, 2025
Holdings Value
Holdings 35 stocks · $743.6M
| TLN Talen Energy Corp. | 5.69% | 210,100 | $42.3M | Reduce -19.7% |
| STLD Steel Dynamics Inc. | 5.37% | 350,000 | $39.9M | Add +75.0% |
| MIR Mirion Technologies Inc. | 4.97% | 2,117,000 | $36.9M | New |
| WCN Waste Connections Inc. | 4.88% | 211,700 | $36.3M | Add +111.7% |
| GE General Electric filed as GE AEROSPACE | 4.76% | 212,400 | $35.4M | Add +149.9% |
| GEV GE Vernova Inc. | 4.71% | 106,400 | $35.0M | Reduce -1.9% |
| MPC Marathon Petroleum Corp. | 4.69% | 250,000 | $34.9M | New |
| MLM Martin Marietta Materials | 4.17% | 60,000 | $31.0M | New |
| OR Osisko Gold Royalties Ltd. | 3.65% | 1,500,000 | $27.1M | Add +15.7% |
| FNV Franco-Nevada Corp. | 3.64% | 230,000 | $27.0M | New |
| SOBO South Bow Corp. | 3.45% | 1,087,000 | $25.6M | Add +15428.6% |
| KNTK Kinetik Holdings Inc. | 3.34% | 438,000 | $24.8M | Add +25.1% |
| EQT Eqt Corp. | 3.10% | 500,000 | $23.1M | New |
| AMZN Amazon.com Inc. | 2.95% | 100,000 | $21.9M | Add +66.7% |
| BKR Baker Hughes Co. | 2.76% | 500,000 | $20.5M | New |
| GOOGL Alphabet Inc. Class A | 2.55% | 100,000 | $18.9M | Add +42.9% |
| PWR Quanta Services Inc. | 2.41% | 56,600 | $17.9M | Reduce -26.0% |
| META Meta Platforms Inc. Class A | 2.36% | 30,000 | $17.6M | Add +50.0% |
| GS Goldman Sachs Group Inc. | 2.31% | 30,000 | $17.2M | New |
| MCK McKesson Corp. | 2.30% | 30,000 | $17.1M | New |
| SHW The Sherwin-Williams Co. | 2.29% | 50,000 | $17.0M | Add +42.9% |
| CRM Salesforce Inc. | 2.25% | 50,000 | $16.7M | Add +25.0% |
| ETN Eaton Corp. PLC | 2.23% | 50,000 | $16.6M | Reduce -52.6% |
| CP Canadian Pacific Kansas City | 2.22% | 228,100 | $16.5M | New |
| AMAT Applied Materials Inc. | 2.19% | 100,000 | $16.3M | Add +100.0% |
| TT Trane Technologies PLC | 2.00% | 40,200 | $14.8M | Add +14.9% |
| CRH CRH PLC | 1.87% | 150,000 | $13.9M | New |
| SBUX Starbucks Corp. | 1.84% | 150,000 | $13.7M | New |
| LYV Live Nation Entertainment Inc. | 1.74% | 100,000 | $12.9M | Add +33.3% |
| MSFT Microsoft Corp. | 1.70% | 30,000 | $12.6M | Reduce -70.0% |
| UBER Uber Technologies Inc. | 1.62% | 200,000 | $12.1M | Add +60.0% |
| FLUT Flutter Entertainment PLC-Di | 1.39% | 40,000 | $10.3M | Reduce -20.0% |
| VRN Veren Inc. | 1.38% | 2,000,000 | $10.3M | New |
| MU Micron Technology Inc. | 1.13% | 100,000 | $8.4M | New |
| TMQ Trilogy Metals Inc. | 0.11% | 700,000 | $812K | New |
Portfolio Sells Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | Reduce -70.0% | 1.70% | −5.91 |
| ETN Eaton Corp. PLC | Reduce -52.6% | 2.23% | −3.95 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −3.15 |
| WSO Watsco Inc. | Sold out | 0.00% | −3.04 |
| SLV iShares Silver Trust | Sold out | 0.00% | −2.58 |
| TLN Talen Energy Corp. | Reduce -19.7% | 5.69% | −2.55 |
| LB Landbridge Co. LLC-A | Sold out | 0.00% | −2.39 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −2.34 |
| OTIS Otis Worldwide Corp. | Sold out | 0.00% | −2.30 |
| ECL Ecolab Inc. | Sold out | 0.00% | −2.26 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −2.22 |
| CCJ Cameco Corp. | Sold out | 0.00% | −2.11 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −1.95 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.83 |
| V Visa Inc. Class A | Sold out | 0.00% | −1.70 |
| PWR Quanta Services Inc. | Reduce -26.0% | 2.41% | −1.63 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −1.58 |
| NFLX Netflix Inc. | Sold out | 0.00% | −1.25 |
| WULF Terawulf Inc. | Sold out | 0.00% | −0.83 |
| FLUT Flutter Entertainment PLC-Di | Reduce -20.0% | 1.39% | −0.71 |
| TRP TC Energy Corp. | Sold out | 0.00% | −0.29 |
| GEV GE Vernova Inc. | Reduce -1.9% | 4.71% | −0.18 |
Portfolio Buys Q3 2024 → Q4 2024
| MIR Mirion Technologies Inc. | New | 4.97% | +4.97 |
| MPC Marathon Petroleum Corp. | New | 4.69% | +4.69 |
| MLM Martin Marietta Materials | New | 4.17% | +4.17 |
| FNV Franco-Nevada Corp. | New | 3.64% | +3.64 |
| SOBO South Bow Corp. | Add +15428.6% | 3.45% | +3.42 |
| EQT Eqt Corp. | New | 3.10% | +3.10 |
| BKR Baker Hughes Co. | New | 2.76% | +2.76 |
| GS Goldman Sachs Group Inc. | New | 2.31% | +2.31 |
| MCK McKesson Corp. | New | 2.30% | +2.30 |
| CP Canadian Pacific Kansas City | New | 2.22% | +2.22 |
| GE General Electric | Add +149.9% | 4.76% | +1.93 |
| CRH CRH PLC | New | 1.87% | +1.87 |
| SBUX Starbucks Corp. | New | 1.84% | +1.84 |
| WCN Waste Connections Inc. | Add +111.7% | 4.88% | +1.72 |
| VRN Veren Inc. | New | 1.38% | +1.38 |
| MU Micron Technology Inc. | New | 1.13% | +1.13 |
| AMZN Amazon.com Inc. | Add +66.7% | 2.95% | +0.97 |
| STLD Steel Dynamics Inc. | Add +75.0% | 5.37% | +0.91 |
| KNTK Kinetik Holdings Inc. | Add +25.1% | 3.34% | +0.54 |
| GOOGL Alphabet Inc. Class A | Add +42.9% | 2.55% | +0.49 |
| AMAT Applied Materials Inc. | Add +100.0% | 2.19% | +0.40 |
| META Meta Platforms Inc. Class A | Add +50.0% | 2.36% | +0.34 |
| CRM Salesforce Inc. | Add +25.0% | 2.25% | +0.31 |
| LYV Live Nation Entertainment Inc. | Add +33.3% | 1.74% | +0.29 |
| TMQ Trilogy Metals Inc. | New | 0.11% | +0.11 |
| UBER Uber Technologies Inc. | Add +60.0% | 1.62% | −0.04 |
| SHW The Sherwin-Williams Co. | Add +42.9% | 2.29% | −0.08 |
| TT Trane Technologies PLC | Add +14.9% | 2.00% | −0.41 |
| OR Osisko Gold Royalties Ltd. | Add +15.7% | 3.65% | −0.59 |
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 |