Bornite Capital Management LP 13F: Quarter-over-Quarter Portfolio Changes
Bornite Capital Management LP reported a disclosed portfolio value of approximately $794.6 million in its latest SEC Form 13F-HR filing for Q2 2026, up 33.6% quarter on quarter. Over the quarter, the fund initiated 11 new positions, bought more shares in 4 holdings, trimmed 4 holdings, and exited 8 positions.
Bornite Capital Management LP's top buy was a new stake in Amazon.com INC (AMZN) , equal to 7.1% of the disclosed portfolio. Its top sell was Steel Dynamics INC (STLD) . The fund exited the position completely after it had accounted for 10.6% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| AMAZON.COM INC | AMZN | 7.1% | History → |
| HUDBAY MINERALS INC | HBM | 6.3% | History → |
| ASML HLDG NV | ASML | 6.3% | History → |
| ENTERGY CORP NEW | ETR | 6.2% | History → |
| MASTERCARD INC-CLASS A | MA | 4.8% | Holders → |
| VALMONT INDS INC | VMI | 4.7% | Holders → |
| MARTIN MARIETTA MATLS INC | MLM | 4.7% | Holders → |
| CADENCE DESIGN SYSTEM INC | CDNS | 4.7% | Holders → |
| EQT CORP | EQT | 4.7% | Holders → |
| CORE & MAIN INC | CNM | 4.6% | Holders → |
| SINDA LTD | SIND | 0.3% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| GE AEROSPACE | GE | +3.5% | +1150.0% | Holders → |
| CHENIERE ENERGY INC | LNG | +2.1% | +176.8% | History → |
| SKEENA RES LTD NEW | SKE | +-1.1% | +23.4% | History → |
| DYCOM INDS INC | DY | +0.8% | +1.0% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| QUANTA SVCS INC | PWR | -5.1% | 92.8% | Holders → |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | -5.3% | 48.2% | History → |
| CARPENTER TECHNOLOGY CORP | CRS | -1.8% | 32.3% | History → |
| TALEN ENERGY CORP | TLN | -3.6% | 24.6% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| STEEL DYNAMICS INC | STLD | 10.6% |
| CENTURI HOLDINGS INC | CTRI | 10.4% |
| ANTERO RESOURCES CORP | AR | 7.4% |
| META PLATFORMS INC | META | 5.8% |
| CENTURY ALUM CO | CENX | 5.3% |
| DAKOTA GOLD CORP | DC | 1.7% |
| SPOTIFY TECHNOLOGY S A | SPOT | 1.6% |
| NORTHERN DYNASTY MINERALS LT | NAK | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.6BPrior quarter
- $0.8BCurrent quarter
- +$0.2BNet delta
- +33.6%% change
Methodology & FAQ
How Bornite Capital Management LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Bornite Capital Management LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Bornite Capital Management LP buy in Q2 2026?
In Q2 2026, Bornite Capital Management LP initiated 11 new positions (AMAZON.COM INC (AMZN), HUDBAY MINERALS INC (HBM), ASML HLDG NV (ASML), ENTERGY CORP NEW (ETR), MASTERCARD INC-CLASS A (MA), VALMONT INDS INC (VMI), MARTIN MARIETTA MATLS INC (MLM), CADENCE DESIGN SYSTEM INC (CDNS), EQT CORP (EQT), CORE & MAIN INC (CNM), SINDA LTD (SIND)); bought more shares of GE AEROSPACE (GE), CHENIERE ENERGY INC (LNG), SKEENA RES LTD NEW (SKE), DYCOM INDS INC (DY).
What stocks did Bornite Capital Management LP sell in Q2 2026?
In Q2 2026, Bornite Capital Management LP fully sold 8 positions (STEEL DYNAMICS INC (STLD), CENTURI HOLDINGS INC (CTRI), ANTERO RESOURCES CORP (AR), META PLATFORMS INC (META), CENTURY ALUM CO (CENX), DAKOTA GOLD CORP (DC), SPOTIFY TECHNOLOGY S A (SPOT), NORTHERN DYNASTY MINERALS LT (NAK)); reduced holdings in QUANTA SVCS INC (PWR), TAIWAN SEMICONDUCTOR MANUFAC (TSM), CARPENTER TECHNOLOGY CORP (CRS), TALEN ENERGY CORP (TLN).
Which positions did Bornite Capital Management LP initiate in Q2 2026?
Bornite Capital Management LP established 11 new positions in Q2 2026: AMAZON.COM INC (AMZN, 7.1%), HUDBAY MINERALS INC (HBM, 6.3%), ASML HLDG NV (ASML, 6.3%), ENTERGY CORP NEW (ETR, 6.2%), MASTERCARD INC-CLASS A (MA, 4.8%), VALMONT INDS INC (VMI, 4.7%), MARTIN MARIETTA MATLS INC (MLM, 4.7%), CADENCE DESIGN SYSTEM INC (CDNS, 4.7%), EQT CORP (EQT, 4.7%), CORE & MAIN INC (CNM, 4.6%), SINDA LTD (SIND, 0.3%).
Which existing positions saw the largest allocation increases for Bornite Capital Management LP in Q2 2026?
Of 4 existing positions with share-count increases in Q2 2026, the largest were: GE AEROSPACE (GE, +3.5% weight, +1150.0% shares), CHENIERE ENERGY INC (LNG, +2.1% weight, +176.8% shares), SKEENA RES LTD NEW (SKE, +-1.1% weight, +23.4% shares), DYCOM INDS INC (DY, +0.8% weight, +1.0% shares).
Which positions did Bornite Capital Management LP fully exit in Q2 2026?
Bornite Capital Management LP fully exited 8 positions in Q2 2026: STEEL DYNAMICS INC (STLD, last-reported weight 10.6%), CENTURI HOLDINGS INC (CTRI, last-reported weight 10.4%), ANTERO RESOURCES CORP (AR, last-reported weight 7.4%), META PLATFORMS INC (META, last-reported weight 5.8%), CENTURY ALUM CO (CENX, last-reported weight 5.3%), DAKOTA GOLD CORP (DC, last-reported weight 1.7%), SPOTIFY TECHNOLOGY S A (SPOT, last-reported weight 1.6%), NORTHERN DYNASTY MINERALS LT (NAK, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for Bornite Capital Management LP in Q2 2026?
Of 4 existing positions with share-count reductions in Q2 2026, the largest were: QUANTA SVCS INC (PWR, -5.1% weight, -92.8% shares), TAIWAN SEMICONDUCTOR MANUFAC (TSM, -5.3% weight, -48.2% shares), CARPENTER TECHNOLOGY CORP (CRS, -1.8% weight, -32.3% shares), TALEN ENERGY CORP (TLN, -3.6% weight, -24.6% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.