Bornite Capital Management LP
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Bornite Capital Management LP reported 36 stock positions worth $998.8 million. Its top holding was Talen Energy (TLN) at 4.5% of the portfolio, followed by Mirion Technologies (MIR, 4.4%) and Carpenter Technology (CRS, 4.2%). Compared with Q1 2025, it opened 20 new positions, sold out of 12, added to 10 and reduced 5. The biggest buy was a new position in Carpenter Technology (CRS) and the biggest sale Talen Energy (TLN, shares −25%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $998.8M (Q2 2025)
- SEC Filing
- 0001719307-25-000005 ↗ filed Aug 7, 2025
Holdings Value
Holdings 36 stocks · $998.8M
| TLN Talen Energy Corp. | 4.48% | 153,900 | $44.7M | Reduce -24.8% |
| MIR Mirion Technologies Inc. | 4.42% | 2,051,700 | $44.2M | Reduce -0.6% |
| CRS Carpenter Technology | 4.15% | 150,000 | $41.5M | New |
| BKR Baker Hughes Co. | 3.94% | 1,027,100 | $39.4M | New |
| PWR Quanta Services Inc. | 3.89% | 102,900 | $38.9M | Add +49.8% |
| TTEK Tetra Tech Inc. | 3.70% | 1,028,100 | $37.0M | New |
| META Meta Platforms Inc. Class A | 3.69% | 50,000 | $36.9M | Add +42.9% |
| ETN Eaton Corp. PLC | 3.68% | 103,100 | $36.8M | Add +3121.9% |
| GFL GFL Environmental Inc.-Sub VT | 3.64% | 720,500 | $36.4M | Add +33.5% |
| LIN Linde PLC | 3.63% | 77,200 | $36.2M | Add +1782.9% |
| EQT Eqt Corp. | 3.61% | 618,300 | $36.1M | Add +3242.2% |
| FCX Freeport-McMoran Inc. | 3.58% | 824,500 | $35.7M | New |
| SHW The Sherwin-Williams Co. | 3.44% | 100,000 | $34.3M | New |
| ETR Entergy Corp. | 3.43% | 412,100 | $34.3M | Add +3646.4% |
| IAG Iamgold Corp. | 3.41% | 4,638,000 | $34.1M | New |
| GE General Electric filed as GE AEROSPACE | 3.32% | 129,000 | $33.2M | Add +61.3% |
| CRH CRH PLC | 3.32% | 361,100 | $33.1M | New |
| AMZN Amazon.com Inc. | 3.29% | 150,000 | $32.9M | Add +50.0% |
| CSX CSX Corp. | 3.27% | 1,000,000 | $32.6M | New |
| NVDA Nvidia Corp. | 3.16% | 200,000 | $31.6M | New |
| LNG Cheniere Energy Inc. | 3.15% | 129,200 | $31.5M | Reduce -0.1% |
| LYV Live Nation Entertainment Inc. | 3.03% | 200,000 | $30.3M | New |
| HD Home Depot Inc. | 2.94% | 80,000 | $29.3M | New |
| MA Mastercard Inc. Class A | 2.81% | 50,000 | $28.1M | Add +25.0% |
| CDNS Cadence Design SYS Inc. | 2.47% | 80,000 | $24.7M | New |
| CYBR Cyberark Software Ltd./Israel | 2.44% | 60,000 | $24.4M | New |
| CAT Caterpillar Inc. | 2.33% | 60,000 | $23.3M | New |
| GOOGL Alphabet Inc. Class A | 1.76% | 100,000 | $17.6M | New |
| MPC Marathon Petroleum Corp. | 1.66% | 100,000 | $16.6M | New |
| STLD Steel Dynamics Inc. | 1.28% | 100,000 | $12.8M | New |
| SOBO South Bow Corp. | 1.04% | 400,000 | $10.4M | Reduce -62.6% |
| BE Bloom Energy Corp. Class A | 0.84% | 350,000 | $8.4M | New |
| NG Novagold Resources Inc. | 0.82% | 2,000,000 | $8.2M | New |
| TMQ Trilogy Metals Inc. | 0.14% | 1,000,000 | $1.4M | No change |
| GEV GE Vernova Inc. | 0.11% | 2,100 | $1.1M | Reduce -34.4% |
| NUE Nucor Corp. | 0.10% | 8,000 | $1.0M | New |
Portfolio Sells Q1 2025 → Q2 2025
| TLN Talen Energy Corp. | Reduce -24.8% | 4.48% | −6.05 |
| SOBO South Bow Corp. | Reduce -62.6% | 1.04% | −6.00 |
| VNOM Viper Energy Inc. | Sold out | 0.00% | −5.81 |
| T AT&T Inc. | Sold out | 0.00% | −5.10 |
| NFLX Netflix Inc. | Sold out | 0.00% | −4.80 |
| LNG Cheniere Energy Inc. | Reduce -0.1% | 3.15% | −4.55 |
| CNM Core & Main Inc. Class A | Sold out | 0.00% | −3.73 |
| CP Canadian Pacific Kansas City | Sold out | 0.00% | −3.62 |
| MIR Mirion Technologies Inc. | Reduce -0.6% | 4.42% | −3.29 |
| SBUX Starbucks Corp. | Sold out | 0.00% | −3.16 |
| OR Osisko Gold Royalties Ltd. | Sold out | 0.00% | −2.72 |
| SKE Skeena Resources Ltd. | Sold out | 0.00% | −2.47 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −2.08 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.25 |
| KNTK Kinetik Holdings Inc. | Sold out | 0.00% | −0.23 |
| GEV GE Vernova Inc. | Reduce -34.4% | 0.11% | −0.14 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.11 |
Portfolio Buys Q1 2025 → Q2 2025
| CRS Carpenter Technology | New | 4.15% | +4.15 |
| BKR Baker Hughes Co. | New | 3.94% | +3.94 |
| TTEK Tetra Tech Inc. | New | 3.70% | +3.70 |
| FCX Freeport-McMoran Inc. | New | 3.58% | +3.58 |
| ETN Eaton Corp. PLC | Add +3121.9% | 3.68% | +3.46 |
| SHW The Sherwin-Williams Co. | New | 3.44% | +3.44 |
| IAG Iamgold Corp. | New | 3.41% | +3.41 |
| EQT Eqt Corp. | Add +3242.2% | 3.61% | +3.36 |
| CRH CRH PLC | New | 3.32% | +3.32 |
| CSX CSX Corp. | New | 3.27% | +3.27 |
| ETR Entergy Corp. | Add +3646.4% | 3.43% | +3.19 |
| NVDA Nvidia Corp. | New | 3.16% | +3.16 |
| LIN Linde PLC | Add +1782.9% | 3.63% | +3.13 |
| LYV Live Nation Entertainment Inc. | New | 3.03% | +3.03 |
| HD Home Depot Inc. | New | 2.94% | +2.94 |
| CDNS Cadence Design SYS Inc. | New | 2.47% | +2.47 |
| CYBR Cyberark Software Ltd./Israel | New | 2.44% | +2.44 |
| CAT Caterpillar Inc. | New | 2.33% | +2.33 |
| GOOGL Alphabet Inc. Class A | New | 1.76% | +1.76 |
| MPC Marathon Petroleum Corp. | New | 1.66% | +1.66 |
| STLD Steel Dynamics Inc. | New | 1.28% | +1.28 |
| BE Bloom Energy Corp. Class A | New | 0.84% | +0.84 |
| NG Novagold Resources Inc. | New | 0.82% | +0.82 |
| NUE Nucor Corp. | New | 0.10% | +0.10 |
| PWR Quanta Services Inc. | Add +49.8% | 3.89% | −0.60 |
| GE General Electric | Add +61.3% | 3.32% | −0.80 |
| META Meta Platforms Inc. Class A | Add +42.9% | 3.69% | −1.50 |
| AMZN Amazon.com Inc. | Add +50.0% | 3.29% | −1.60 |
| MA Mastercard Inc. Class A | Add +25.0% | 2.81% | −2.83 |
| GFL GFL Environmental Inc.-Sub VT | Add +33.5% | 3.64% | −3.07 |
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 |