Bornite Capital Management LP
NEW YORK, NY
$795m in 20 US stocks at the end of 30 June 2026. The top 10 are 64.0% of the money. It changed about 60.9% of the portfolio this quarter.
Value
$795m
Stocks
20
Top 10 share
64.0%
Turnover
60.9%
What changed this quarter
New
Bought for the first time this quarter.
- Amazon.comAMZN7.1% of the fund
- Hudbay MineralsHBM6.3% of the fund
- ASML Holding NVASML6.3% of the fund
- EntergyETR6.2% of the fund
- MastercardMA4.8% of the fund
- Valmont IndustriesVMI4.7% of the fund
- Martin Marietta MaterialsMLM4.7% of the fund
- Cadence Design SystemsCDNS4.7% of the fund
- EQTEQT4.7% of the fund
- Core & MainCNM4.6% of the fund
- SindaSIND0.3% of the fund
Added
Bought more of a stock they already held.
- Skeena ResourcesSKE5.4% of the fund+23%
- Cheniere EnergyLNG4.9% of the fund+177%
- General ElectricGE3.8% of the fund+1150%
Cut
Sold some of their stake.
- Talen EnergyTLN7.6% of the fund-25%
- Carpenter TechnologyCRS7.0% of the fund-32%
- Taiwan Semiconductor ManufacturingTSM6.4% of the fund-48%
- Quanta ServicesPWR0.4% of the fund-93%
Sold out
Sold their entire stake.
- Steel DynamicsSTLD-100%
- Centuri HoldingsCTRI-100%
- Antero ResourcesAR-100%
- Meta PlatformsMETA-100%
- Century AluminumCENX-100%
- Dakota GoldDC-100%
- Spotify TechnologySPOT-100%
- Northern Dynasty MineralsNAK-100%
Holdings
- Hudbay MineralsHBM
- Share
- 6.3%
- Value
- $50m
- Shares
- 2,132,700
New
- Skeena ResourcesSKE
- Share
- 5.4%
- Value
- $43m
- Shares
- 1,620,600
+23%
- SindaSIND
- Share
- 0.3%
- Value
- $2m
- Shares
- 200,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Talen EnergyTLN | 7.6% | $61m | 157,500 | -25% |
| Amazon.comAMZN | 7.1% | $57m | 237,700 | New |
| Carpenter TechnologyCRS | 7.0% | $56m | 90,220 | -32% |
| Dycom IndustriesDY | 6.8% | $54m | 106,260 | Held |
| Taiwan Semiconductor ManufacturingTSM | 6.4% | $51m | 106,940 | -48% |
| Hudbay MineralsHBM | 6.3% | $50m | 2,132,700 | New |
| ASML Holding NVASML | 6.3% | $50m | 25,000 | New |
| EntergyETR | 6.2% | $49m | 426,400 | New |
| Skeena ResourcesSKE | 5.4% | $43m | 1,620,600 | +23% |
| Cheniere EnergyLNG | 4.9% | $39m | 163,060 | +177% |
| MastercardMA | 4.8% | $39m | 75,000 | New |
| Valmont IndustriesVMI | 4.7% | $38m | 65,300 | New |
| Martin Marietta MaterialsMLM | 4.7% | $38m | 65,200 | New |
| Cadence Design SystemsCDNS | 4.7% | $38m | 100,000 | New |
| EQTEQT | 4.7% | $37m | 700,000 | New |
| Core & MainCNM | 4.6% | $37m | 759,000 | New |
| General ElectricGE | 3.8% | $30m | 80,000 | +1150% |
| Freeport-McMoRanFCX | 3.2% | $25m | 400,000 | Held |
| Quanta ServicesPWR | 0.4% | $3m | 4,300 | -93% |
| SindaSIND | 0.3% | $2m | 200,000 | New |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 20.5% since 30 June 2025.
Where the money is
Industrials33.5%
Materials20.0%
Utilities13.8%
Technology11.2%
Energy9.6%
Retail & consumer7.1%
Financial services4.8%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.