Brightline Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Brightline Capital Management, LLC reported 19 stock positions worth $201.5 million. Its top holding was Overseas Shipholding Group-A at 9.0% of the portfolio, followed by Cadeler A/S-ADR (CDLR, 8.1%) and Rev (REVG, 8.0%). Compared with Q1 2024, it opened 8 new positions, sold out of 4, added to 7 and reduced 3. The biggest buy was a new position in Cadeler A/S-ADR (CDLR) and the biggest sale an exit from Owens Corning (OC).
- Most Recent 13F
- Q2 2026
- Location
- Miami, FL
- CIK
- 0001432450
- Portfolio Value
- $201.5M (Q2 2024)
- SEC Filing
- 0000919574-24-004476 ↗ filed Aug 13, 2024
Holdings Value
Holdings 19 stocks · $201.5M
| OVERSEAS SHIPHOLDING GROUP-A | 9.05% | 2,150,000 | $18.2M | Add +6.4% |
| CDLR Cadeler A/S-ADR | 8.08% | 650,000 | $16.3M | New |
| REVG Rev Group Inc. | 7.99% | 647,000 | $16.1M | Add +0.3% |
| FLR Fluor Corp. | 7.89% | 365,000 | $15.9M | New |
| MBC Masterbrand Inc. | 7.18% | 985,000 | $14.5M | Add +0.3% |
| MATV Mativ Holdings Inc. | 7.03% | 835,000 | $14.2M | Add +11.3% |
| VTOL Bristow Group Inc. | 6.82% | 410,000 | $13.7M | New |
| BZH Beazer Homes USA Inc. | 6.66% | 488,000 | $13.4M | Add +0.4% |
| CSTM Constellium SE | 6.65% | 711,000 | $13.4M | Add +11.1% |
| TPC Tutor Perini Corp. | 5.74% | 531,000 | $11.6M | New |
| KALU Kaiser Aluminum Corp. | 4.32% | 99,000 | $8.7M | New |
| BLBD Blue Bird Corp. | 4.01% | 150,000 | $8.1M | Reduce -54.3% |
| CLF Cleveland-Cliffs Inc. | 3.82% | 500,000 | $7.7M | Reduce -20.6% |
| BECN Beacon Roofing Supply Inc. | 3.41% | 76,000 | $6.9M | New |
| HOV Hovnanian Enterprises-A | 3.38% | 48,000 | $6.8M | Add +6.7% |
| BLDR Builders Firstsource Inc. | 3.09% | 45,000 | $6.2M | No change |
| TPICQ Tpi Composites Inc. | 2.87% | 1,450,000 | $5.8M | New |
| LXU LSB Industries Inc. | 1.22% | 300,000 | $2.5M | New |
| GLATFELTER CORP | 0.78% | 1,137,000 | $1.6M | Reduce -2.6% |
Portfolio Sells Q1 2024 → Q2 2024
| OC Owens Corning | Sold out | 0.00% | −8.13 |
| CCL Carnival Corp. | Sold out | 0.00% | −6.44 |
| CLF Cleveland-Cliffs Inc. | Reduce -20.6% | 3.82% | −4.80 |
| BLBD Blue Bird Corp. | Reduce -54.3% | 4.01% | −3.56 |
| GLDD Great Lakes Dredge & Dock Co. | Sold out | 0.00% | −2.32 |
| AMBP Ardagh Metal Packaging SA | Sold out | 0.00% | −1.65 |
| GLATFELTER CORP | Reduce -2.6% | 0.78% | −0.62 |
Portfolio Buys Q1 2024 → Q2 2024
| CDLR Cadeler A/S-ADR | New | 8.08% | +8.08 |
| FLR Fluor Corp. | New | 7.89% | +7.89 |
| VTOL Bristow Group Inc. | New | 6.82% | +6.82 |
| TPC Tutor Perini Corp. | New | 5.74% | +5.74 |
| KALU Kaiser Aluminum Corp. | New | 4.32% | +4.32 |
| BECN Beacon Roofing Supply Inc. | New | 3.41% | +3.41 |
| TPICQ Tpi Composites Inc. | New | 2.87% | +2.87 |
| OVERSEAS SHIPHOLDING GROUP-A | Add +6.4% | 9.05% | +1.27 |
| LXU LSB Industries Inc. | New | 1.22% | +1.22 |
| REVG Rev Group Inc. | Add +0.3% | 7.99% | −0.58 |
| HOV Hovnanian Enterprises-A | Add +6.7% | 3.38% | −0.87 |
| MATV Mativ Holdings Inc. | Add +11.3% | 7.03% | −1.43 |
| CSTM Constellium SE | Add +11.1% | 6.65% | −1.86 |
| BZH Beazer Homes USA Inc. | Add +0.4% | 6.66% | −2.93 |
| MBC Masterbrand Inc. | Add +0.3% | 7.18% | −3.89 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 11 | $461.5M | VSAT, CSTM, RRX, FLR, ECVT |
| Q1 2026 | 9 | $338.1M | VSAT, CSTM, DAN, AMTM, ECVT |
| Q4 2025 | 8 | $247.4M | VSAT, AMTM, CSTM, DAN, FLR |
| Q3 2025 | 10 | $244.0M | VSAT, SEI, AMTM, CSTM, FLR |
| Q2 2025 | 15 | $232.2M | TPC, SEI, VSAT, FLR, AMTM |
| Q1 2025 | 12 | $115.3M | SEI, FLR, TPC, MAGN, TTI |
| Q4 2024 | 13 | $145.8M | SEI, FLR, REVG, CDLR, TPC |
| Q3 2024 | 20 | $236.8M | FLR, MBC, CDLR, REVG, HOV |
| Q2 2024 | 19 | $201.5M | OVERSEAS SHIPHOLDING GROUP-A, CDLR, REVG, FLR, MBC |
| Q1 2024 | 15 | $166.2M | MBC, BZH, CLF, REVG, CSTM |