BC

Bornite Capital Management LP

High-turnover traderContrarianQuality / disciplined sizing

Total reported value

$594.8M

Reporting period: 2026-03-31 · Number of holdings: 17

Bornite Capital Management LP disclosed 17 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $594.8M and a quarterly turnover rate of 128.3%.

Personality snowflake

Concentration
32.67
Portfolio Stability
100
Momentum/Contrarian
0
Sector conviction
56.76
Diversification
34
Sizing Uniformity
93.58

Recent moves

  • Trim GE

    -96.9%　-$61.8M

  • Add TSM

    0.0%　$7.0M

  • Add SKE

    +151.1%　$26.7M

  • Add CENX

    +116.8%　$22.0M

  • Trim LNG

    -83.6%　-$53.1M

  • Add TLN

    +1.4%　-$10.6M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1TSMTaiwan Semiconductor-sp AdrStock-Tech11.74%+5.61%—
2TLNTalen Energy CORPStock-Utilities11.21%+3.67%+1.36%
3STLDSteel Dynamics INCStock-Materials10.59%+10.59%NEW
4CTRICenturi Holdings INCStock-Other10.36%+10.36%NEW
5CRSCarpenter TechnologyStock-Industrials8.83%+2.43%-36.02%
6ARAntero Resources CORPStock-Energy7.42%+7.42%NEW
7SKESkeena Resources LTDStock-Other6.57%+5.36%+151.05%
8DYDycom Industries INCStock-Industrials5.99%+5.99%NEW
9METAMeta Platforms Inc-class AStock-Comm Services5.77%+5.77%NEW
10PWRQuanta Services INCStock-Industrials5.54%-0.86%-61.41%
11CENXCentury Aluminum CompanyStock-Materials5.35%+4.39%+116.80%
12FCXFreeport-mcmoran INCStock-Materials3.95%+1.47%-20.00%
13LNGCheniere Energy INCStock-Energy2.81%-4.00%-83.59%
14DCDakota Gold CORPStock-Other1.70%+1.70%NEW
15SPOTSpotify Technology S.A.Stock-Comm Services1.63%+0.50%—
16GEGeneral ElectricStock-Industrials0.31%-5.89%-96.90%
17NAKNorthern Dynasty MineralsStock-Other0.24%-0.80%-81.43%

Holding changes this quarter

Bornite Capital Management LP's most significant position changes for 2026-03-31: Sold out: Amazon.com INC (AMZN); Sold out: Corning INC (GLW); New buy: Steel Dynamics INC (STLD); New buy: Centuri Holdings INC (CTRI); Sold out: Viper Energy Inc-cl A (VNOM).

Position changes disclosed by Bornite Capital Management LP for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1TSMTaiwan Semiconductor-sp Adr+5.6%—Unchanged
2SKESkeena Resources LTD+5.4%+151.05%Add
3CENXCentury Aluminum Company+4.4%+116.80%Add
4TLNTalen Energy CORP+3.7%+1.36%Add
5CRSCarpenter Technology+2.4%-36.02%Trim
6FCXFreeport-mcmoran INC+1.5%-20.00%Trim
7SPOTSpotify Technology S.A.+0.5%—Unchanged
8NAKNorthern Dynasty Minerals-0.8%-81.43%Trim
9PWRQuanta Services INC-0.9%-61.41%Trim
10LNGCheniere Energy INC-4%-83.59%Trim
11GEGeneral Electric-5.9%-96.90%Trim
12AMZNAmazon.com INC—EXITSold out
13GLWCorning INC—EXITSold out
14STLDSteel Dynamics INC—NEWNew buy
15CTRICenturi Holdings INC—NEWNew buy
16VNOMViper Energy Inc-cl A—EXITSold out
17GFLGfl Environmental Inc-sub Vt—EXITSold out
18NUENucor CORP—EXITSold out
19ARAntero Resources CORP—NEWNew buy
20CRHCRH plc—EXITSold out
21BALLBall CORP—EXITSold out
22DYDycom Industries INC—NEWNew buy
23METAMeta Platforms Inc-class A—NEWNew buy
24RRCRange Resources CORP—EXITSold out
25UALUnited Airlines Holdings INC—EXITSold out
26BACBank Of America CORP—EXITSold out
27TECKTeck Resources Ltd-cls B—EXITSold out
28SNPSSynopsys INC—EXITSold out
29ROADConstruction Partners Inc-a—EXITSold out
30CARRCarrier Global CORP—EXITSold out
31DCDakota Gold CORP—NEWNew buy
32TET1 Energy INC—EXITSold out
33MOSMosaic Co/the—EXITSold out
34WWDWoodward INC—EXITSold out

FAQ

What is Bornite Capital Management LP and what type of investor is it?
Bornite Capital Management LP is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $594.8M, spread across 17 disclosed positions.
What are Bornite Capital Management LP's largest equity positions?
Based on the latest 13F filing, Bornite Capital Management LP's top holdings by market value are: 1. Taiwan Semiconductor-sp Adr (TSM) — $69.8M (11.7%) 2. Talen Energy CORP (TLN) — $66.7M (11.2%) 3. Steel Dynamics INC (STLD) — $63.0M (10.6%) 4. Centuri Holdings INC (CTRI) — $61.6M (10.4%) 5. Carpenter Technology (CRS) — $52.5M (8.8%)
What changes did Bornite Capital Management LP make in its most recent portfolio filing?
In the latest reported quarter, Bornite Capital Management LP made 32 notable position adjustments: 6 new positions were initiated, 3 existing holdings were added to, 6 positions were partially reduced, and 17 were completely exited. The largest of these moves: Sold out: Amazon.com INC (AMZN); Sold out: Corning INC (GLW); New buy: Steel Dynamics INC (STLD); New buy: Centuri Holdings INC (CTRI); Sold out: Viper Energy Inc-cl A (VNOM)
What sectors does Bornite Capital Management LP focus on?
Bornite Capital Management LP is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 25.5% • Materials: 24.5% • Information Technology: 14.5% • Utilities: 13.8% • Energy: 12.6% • Communication Services: 9.1%