Bornite Capital Management LP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 7, 2025), Bornite Capital Management LP reported 35 stock positions worth $1.1 billion. Its top holding was Ecolab (ECL) at 6.4% of the portfolio, followed by Corning (GLW, 6.3%) and Talen Energy (TLN, 6.2%). Compared with Q2 2025, it opened 20 new positions, sold out of 21, added to 5 and reduced 8. The biggest buy was a new position in Ecolab (ECL) and the biggest sale an exit from Baker Hughes (BKR).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $1.1B (Q3 2025)
- SEC Filing
- 0001800641-25-000009 ↗ filed Nov 7, 2025
Holdings Value
Holdings 35 stocks · $1.1B
| ECL Ecolab Inc. | 6.36% | 250,000 | $68.5M | New |
| GLW Corning Inc. | 6.32% | 830,000 | $68.1M | New |
| TLN Talen Energy Corp. | 6.16% | 156,000 | $66.4M | Add +1.4% |
| PWR Quanta Services Inc. | 5.99% | 155,700 | $64.5M | Add +51.3% |
| CRS Carpenter Technology | 5.90% | 258,900 | $63.6M | Add +72.6% |
| CRH CRH PLC | 5.23% | 469,800 | $56.3M | Add +30.1% |
| CNM Core & Main Inc. Class A | 5.00% | 1,000,000 | $53.8M | New |
| CNI Canadian Natl Railway Co. | 4.38% | 500,000 | $47.1M | New |
| DY Dycom Industries Inc. | 4.06% | 150,000 | $43.8M | New |
| VNOM Viper Energy Inc. Class A | 3.55% | 1,000,000 | $38.2M | New |
| ETN Eaton Corp. PLC | 3.48% | 100,000 | $37.4M | Reduce -3.0% |
| GFL GFL Environmental Inc.-Sub VT | 3.27% | 742,400 | $35.2M | Add +3.0% |
| B Barrick Mining Corp. | 3.04% | 1,000,000 | $32.8M | New |
| NFLX Netflix Inc. | 2.78% | 25,000 | $30.0M | New |
| CARR Carrier Global Corp. | 2.77% | 500,000 | $29.9M | New |
| META Meta Platforms Inc. Class A | 2.73% | 40,000 | $29.4M | Reduce -20.0% |
| IAG Iamgold Corp. | 2.69% | 2,240,000 | $29.0M | Reduce -51.7% |
| TSM Taiwan Semiconductor-SP ADR | 2.59% | 100,000 | $27.9M | New |
| HLT Hilton Worldwide Holdings Inc. | 2.41% | 100,000 | $25.9M | New |
| LNG Cheniere Energy Inc. | 2.38% | 108,900 | $25.6M | Reduce -15.7% |
| FSLR First Solar Inc. | 2.05% | 100,000 | $22.1M | New |
| AMZN Amazon.com Inc. | 2.04% | 100,000 | $22.0M | Reduce -33.3% |
| COF Capital One Financial Corp. | 1.97% | 100,000 | $21.3M | New |
| CVNA Carvana Co. | 1.75% | 50,000 | $18.9M | New |
| SPOT Spotify Technology SA | 1.62% | 25,000 | $17.4M | New |
| LYV Live Nation Entertainment Inc. | 1.52% | 100,000 | $16.3M | Reduce -50.0% |
| SHOP Shopify Inc. Class A | 1.38% | 100,000 | $14.9M | New |
| MA Mastercard Inc. Class A | 1.32% | 25,000 | $14.2M | Reduce -50.0% |
| NOW ServiceNow Inc. | 1.28% | 15,000 | $13.8M | New |
| SNPS Synopsys Inc. | 1.15% | 25,000 | $12.3M | New |
| MIR Mirion Technologies Inc. | 1.08% | 500,000 | $11.6M | Reduce -75.6% |
| SOBO South Bow Corp. | 1.05% | 400,000 | $11.3M | No change |
| DAR Darling Ingredients Inc. | 0.29% | 100,000 | $3.1M | New |
| TT Trane Technologies PLC | 0.22% | 5,600 | $2.4M | New |
| TMQ Trilogy Metals Inc. | 0.20% | 1,000,000 | $2.1M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| BKR Baker Hughes Co. | Sold out | 0.00% | −3.94 |
| TTEK Tetra Tech Inc. | Sold out | 0.00% | −3.70 |
| LIN Linde PLC | Sold out | 0.00% | −3.63 |
| EQT Eqt Corp. | Sold out | 0.00% | −3.61 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −3.58 |
| SHW The Sherwin-Williams Co. | Sold out | 0.00% | −3.44 |
| ETR Entergy Corp. | Sold out | 0.00% | −3.43 |
| MIR Mirion Technologies Inc. | Reduce -75.6% | 1.08% | −3.34 |
| GE General Electric | Sold out | 0.00% | −3.32 |
| CSX CSX Corp. | Sold out | 0.00% | −3.27 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −3.16 |
| HD Home Depot Inc. | Sold out | 0.00% | −2.94 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −2.47 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −2.44 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −2.33 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.76 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −1.66 |
| LYV Live Nation Entertainment Inc. | Reduce -50.0% | 1.52% | −1.51 |
| MA Mastercard Inc. Class A | Reduce -50.0% | 1.32% | −1.49 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −1.28 |
| AMZN Amazon.com Inc. | Reduce -33.3% | 2.04% | −1.26 |
| META Meta Platforms Inc. Class A | Reduce -20.0% | 2.73% | −0.97 |
| BE Bloom Energy Corp. Class A | Sold out | 0.00% | −0.84 |
| NG Novagold Resources Inc. | Sold out | 0.00% | −0.82 |
| LNG Cheniere Energy Inc. | Reduce -15.7% | 2.38% | −0.77 |
| IAG Iamgold Corp. | Reduce -51.7% | 2.69% | −0.72 |
| ETN Eaton Corp. PLC | Reduce -3.0% | 3.48% | −0.21 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.11 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| ECL Ecolab Inc. | New | 6.36% | +6.36 |
| GLW Corning Inc. | New | 6.32% | +6.32 |
| CNM Core & Main Inc. Class A | New | 5.00% | +5.00 |
| CNI Canadian Natl Railway Co. | New | 4.38% | +4.38 |
| DY Dycom Industries Inc. | New | 4.06% | +4.06 |
| VNOM Viper Energy Inc. Class A | New | 3.55% | +3.55 |
| B Barrick Mining Corp. | New | 3.04% | +3.04 |
| NFLX Netflix Inc. | New | 2.78% | +2.78 |
| CARR Carrier Global Corp. | New | 2.77% | +2.77 |
| TSM Taiwan Semiconductor-SP ADR | New | 2.59% | +2.59 |
| HLT Hilton Worldwide Holdings Inc. | New | 2.41% | +2.41 |
| PWR Quanta Services Inc. | Add +51.3% | 5.99% | +2.10 |
| FSLR First Solar Inc. | New | 2.05% | +2.05 |
| COF Capital One Financial Corp. | New | 1.97% | +1.97 |
| CRH CRH PLC | Add +30.1% | 5.23% | +1.91 |
| CRS Carpenter Technology | Add +72.6% | 5.90% | +1.75 |
| CVNA Carvana Co. | New | 1.75% | +1.75 |
| TLN Talen Energy Corp. | Add +1.4% | 6.16% | +1.68 |
| SPOT Spotify Technology SA | New | 1.62% | +1.62 |
| SHOP Shopify Inc. Class A | New | 1.38% | +1.38 |
| NOW ServiceNow Inc. | New | 1.28% | +1.28 |
| SNPS Synopsys Inc. | New | 1.15% | +1.15 |
| DAR Darling Ingredients Inc. | New | 0.29% | +0.29 |
| TT Trane Technologies PLC | New | 0.22% | +0.22 |
| GFL GFL Environmental Inc.-Sub VT | Add +3.0% | 3.27% | −0.37 |
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 |