Bornite Capital Management LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Bornite Capital Management LP reported 17 stock positions worth $594.8 million. Its top holding was Taiwan Semiconductor-SP ADR (TSM) at 11.7% of the portfolio, followed by Talen Energy (TLN, 11.2%) and Steel Dynamics (STLD, 10.6%). Compared with Q4 2025, it opened 6 new positions, sold out of 17, added to 3 and reduced 6. The biggest buy was a new position in Steel Dynamics (STLD) and the biggest sale an exit from Amazon.com (AMZN).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001800641
- Portfolio Value
- $594.8M (Q1 2026)
- SEC Filing
- 0001800641-26-000004 ↗ filed May 15, 2026
Holdings Value
Holdings 17 stocks · $594.8M
| TSM Taiwan Semiconductor-SP ADR | 11.74% | 206,600 | $69.8M | No change |
| TLN Talen Energy Corp. | 11.21% | 208,800 | $66.7M | Add +1.4% |
| STLD Steel Dynamics Inc. | 10.59% | 350,000 | $63.0M | New |
| CTRI Centuri Holdings Inc. | 10.36% | 2,109,000 | $61.6M | New |
| CRS Carpenter Technology | 8.83% | 133,200 | $52.5M | Reduce -36.0% |
| AR Antero Resources Corp. | 7.42% | 1,040,000 | $44.1M | New |
| SKE Skeena Resources Ltd. | 6.57% | 1,313,000 | $39.1M | Add +151.1% |
| DY Dycom Industries Inc. | 5.99% | 105,200 | $35.6M | New |
| META Meta Platforms Inc. Class A | 5.77% | 60,000 | $34.3M | New |
| PWR Quanta Services Inc. | 5.54% | 60,000 | $32.9M | Reduce -61.4% |
| CENX Century Aluminum Company | 5.35% | 542,000 | $31.8M | Add +116.8% |
| FCX Freeport-McMoran Inc. | 3.95% | 400,000 | $23.5M | Reduce -20.0% |
| LNG Cheniere Energy Inc. | 2.81% | 58,900 | $16.7M | Reduce -83.6% |
| DC Dakota Gold Corp. | 1.70% | 2,000,000 | $10.1M | New |
| SPOT Spotify Technology SA | 1.63% | 20,000 | $9.7M | No change |
| GE General Electric filed as GE AEROSPACE | 0.31% | 6,400 | $1.8M | Reduce -96.9% |
| NAK Northern Dynasty Minerals | 0.24% | 1,000,000 | $1.4M | Reduce -81.4% |
Portfolio Sells Q4 2025 → Q1 2026
| AMZN Amazon.com Inc. | Sold out | 0.00% | −6.76 |
| GLW Corning Inc. | Sold out | 0.00% | −6.24 |
| GE General Electric | Reduce -96.9% | 0.31% | −5.90 |
| VNOM Viper Energy Inc. Class A | Sold out | 0.00% | −5.65 |
| GFL GFL Environmental Inc.-Sub VT | Sold out | 0.00% | −5.63 |
| NUE Nucor Corp. | Sold out | 0.00% | −4.78 |
| LNG Cheniere Energy Inc. | Reduce -83.6% | 2.81% | −4.00 |
| CRH CRH PLC | Sold out | 0.00% | −3.89 |
| BALL Ball Corp. | Sold out | 0.00% | −3.62 |
| RRC Range Resources Corp. | Sold out | 0.00% | −2.75 |
| UAL United Airlines Holdings Inc. | Sold out | 0.00% | −2.73 |
| BAC Bank of America Corp. | Sold out | 0.00% | −2.68 |
| TECK Teck Resources Ltd.-CLS B | Sold out | 0.00% | −2.34 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −1.83 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −1.59 |
| CARR Carrier Global Corp. | Sold out | 0.00% | −1.55 |
| PWR Quanta Services Inc. | Reduce -61.4% | 5.54% | −0.87 |
| TE T1 Energy Inc. | Sold out | 0.00% | −0.81 |
| NAK Northern Dynasty Minerals | Reduce -81.4% | 0.24% | −0.80 |
| MOS The Mosaic Co. | Sold out | 0.00% | −0.71 |
| WWD Woodward Inc. | Sold out | 0.00% | −0.15 |
| FCX Freeport-McMoran Inc. | Reduce -20.0% | 3.95% | +1.47 |
| CRS Carpenter Technology | Reduce -36.0% | 8.83% | +2.43 |
Portfolio Buys Q4 2025 → Q1 2026
| STLD Steel Dynamics Inc. | New | 10.59% | +10.59 |
| CTRI Centuri Holdings Inc. | New | 10.36% | +10.36 |
| AR Antero Resources Corp. | New | 7.42% | +7.42 |
| DY Dycom Industries Inc. | New | 5.99% | +5.99 |
| META Meta Platforms Inc. Class A | New | 5.77% | +5.77 |
| SKE Skeena Resources Ltd. | Add +151.1% | 6.57% | +5.36 |
| CENX Century Aluminum Company | Add +116.8% | 5.35% | +4.39 |
| TLN Talen Energy Corp. | Add +1.4% | 11.21% | +3.67 |
| DC Dakota Gold Corp. | New | 1.70% | +1.70 |
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 |