Bornite Capital Management LP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Bornite Capital Management LP reported 28 stock positions worth $388.3 million. Its top holding was Talen Energy (TLN) at 10.5% of the portfolio, followed by Mirion Technologies (MIR, 7.7%) and Cheniere Energy (LNG, 7.7%). Compared with Q4 2024, it opened 12 new positions, sold out of 19, added to 3 and reduced 12. The biggest buy was a new position in Cheniere Energy (LNG) and the biggest sale an exit from Steel Dynamics (STLD).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $388.3M (Q1 2025)
- SEC Filing
- 0001800641-25-000004 ↗ filed May 12, 2025
Holdings Value
Holdings 28 stocks · $388.3M
| TLN Talen Energy Corp. | 10.53% | 204,700 | $40.9M | Reduce -2.6% |
| MIR Mirion Technologies Inc. | 7.71% | 2,064,300 | $29.9M | Reduce -2.5% |
| LNG Cheniere Energy Inc. | 7.71% | 129,300 | $29.9M | New |
| SOBO South Bow Corp. | 7.04% | 1,071,000 | $27.3M | Reduce -1.5% |
| GFL GFL Environmental Inc.-Sub VT | 6.71% | 539,700 | $26.1M | New |
| VNOM Viper Energy Inc. | 5.81% | 500,000 | $22.6M | New |
| MA Mastercard Inc. Class A | 5.65% | 40,000 | $21.9M | New |
| META Meta Platforms Inc. Class A | 5.19% | 35,000 | $20.2M | Add +16.7% |
| T AT&T Inc. | 5.10% | 700,000 | $19.8M | New |
| AMZN Amazon.com Inc. | 4.90% | 100,000 | $19.0M | No change |
| NFLX Netflix Inc. | 4.80% | 20,000 | $18.7M | New |
| PWR Quanta Services Inc. | 4.50% | 68,700 | $17.5M | Add +21.4% |
| GE General Electric filed as GE AEROSPACE | 4.12% | 80,000 | $16.0M | Reduce -62.3% |
| CNM Core & Main Inc. Class A | 3.73% | 300,000 | $14.5M | New |
| CP Canadian Pacific Kansas City | 3.62% | 200,000 | $14.0M | Reduce -12.3% |
| SBUX Starbucks Corp. | 3.16% | 125,000 | $12.3M | Reduce -16.7% |
| OR Osisko Gold Royalties Ltd. | 2.72% | 500,000 | $10.6M | Reduce -66.7% |
| SKE Skeena Resources Ltd. | 2.47% | 957,000 | $9.6M | New |
| TECK Teck Resources Ltd.-CLS B | 2.08% | 222,200 | $8.1M | New |
| LIN Linde PLC | 0.49% | 4,100 | $1.9M | New |
| TMQ Trilogy Metals Inc. | 0.40% | 1,000,000 | $1.6M | Add +42.9% |
| EQT Eqt Corp. | 0.25% | 18,500 | $988K | Reduce -96.3% |
| GEV GE Vernova Inc. | 0.25% | 3,200 | $977K | Reduce -97.0% |
| MLM Martin Marietta Materials | 0.25% | 2,000 | $956K | Reduce -96.7% |
| ETR Entergy Corp. | 0.24% | 11,000 | $940K | New |
| KNTK Kinetik Holdings Inc. | 0.23% | 17,500 | $909K | Reduce -96.0% |
| ETN Eaton Corp. PLC | 0.22% | 3,200 | $870K | Reduce -93.6% |
| CCJ Cameco Corp. | 0.11% | 10,700 | $440K | New |
Portfolio Sells Q4 2024 → Q1 2025
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −5.37 |
| WCN Waste Connections Inc. | Sold out | 0.00% | −4.88 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −4.69 |
| GEV GE Vernova Inc. | Reduce -97.0% | 0.25% | −4.45 |
| MLM Martin Marietta Materials | Reduce -96.7% | 0.25% | −3.92 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −3.64 |
| KNTK Kinetik Holdings Inc. | Reduce -96.0% | 0.23% | −3.11 |
| EQT Eqt Corp. | Reduce -96.3% | 0.25% | −2.85 |
| BKR Baker Hughes Co. | Sold out | 0.00% | −2.76 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −2.55 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −2.31 |
| MCK McKesson Corp. | Sold out | 0.00% | −2.30 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −2.29 |
| CRM Salesforce Inc. | Sold out | 0.00% | −2.25 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −2.19 |
| ETN Eaton Corp. PLC | Reduce -93.6% | 0.22% | −2.01 |
| TT Trane Technologies PLC | Sold out | 0.00% | −2.00 |
| CRH CRH PLC | Sold out | 0.00% | −1.87 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −1.74 |
| MSFT Microsoft Corp. | Sold out | 0.00% | −1.70 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −1.62 |
| FLUT Flutter Entertainment PLC-Di | Sold out | 0.00% | −1.39 |
| VRN Veren Inc. | Sold out | 0.00% | −1.38 |
| MU Micron Technology Inc. | Sold out | 0.00% | −1.13 |
| OR Osisko Gold Royalties Ltd. | Reduce -66.7% | 2.72% | −0.93 |
| GE General Electric | Reduce -62.3% | 4.12% | −0.64 |
| SBUX Starbucks Corp. | Reduce -16.7% | 3.16% | +1.32 |
| CP Canadian Pacific Kansas City | Reduce -12.3% | 3.62% | +1.40 |
| MIR Mirion Technologies Inc. | Reduce -2.5% | 7.71% | +2.74 |
| SOBO South Bow Corp. | Reduce -1.5% | 7.04% | +3.59 |
| TLN Talen Energy Corp. | Reduce -2.6% | 10.53% | +4.83 |
Portfolio Buys Q4 2024 → Q1 2025
| LNG Cheniere Energy Inc. | New | 7.71% | +7.71 |
| GFL GFL Environmental Inc.-Sub VT | New | 6.71% | +6.71 |
| VNOM Viper Energy Inc. | New | 5.81% | +5.81 |
| MA Mastercard Inc. Class A | New | 5.65% | +5.65 |
| T AT&T Inc. | New | 5.10% | +5.10 |
| NFLX Netflix Inc. | New | 4.80% | +4.80 |
| CNM Core & Main Inc. Class A | New | 3.73% | +3.73 |
| META Meta Platforms Inc. Class A | Add +16.7% | 5.19% | +2.83 |
| SKE Skeena Resources Ltd. | New | 2.47% | +2.47 |
| PWR Quanta Services Inc. | Add +21.4% | 4.50% | +2.09 |
| TECK Teck Resources Ltd.-CLS B | New | 2.08% | +2.08 |
| LIN Linde PLC | New | 0.49% | +0.49 |
| TMQ Trilogy Metals Inc. | Add +42.9% | 0.40% | +0.29 |
| ETR Entergy Corp. | New | 0.24% | +0.24 |
| CCJ Cameco Corp. | New | 0.11% | +0.11 |
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 |