Bornite Capital Management LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Bornite Capital Management LP maintained a portfolio of 50 distinct positions. The most significant new addition to the portfolio was GE AEROSPACE, which now represents 6.20% of the total fund value. They heavily accumulated shares in TALEN ENERGY CORP, increasing their position by 32.1%. Conversely, Bornite Capital Management LP completely exited their position in ECOLAB INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
50
Quarter
2025 Q4
Top Holding
TLN (7.5%)
Top 10 Concentration
63.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 50
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
TLN
TALEN ENERGY CO...
Utilities 7.54% 6.16% #1 2
Prev: #3
5.1 50,000 32.1%
P
S
206,000 $77,217,040 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LNG
CHENIERE ENERGY...
Energy 6.81% 2.38% #2 18
Prev: #20
5.0 250,000 229.6%
P
S
358,900 $69,766,571 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 6.76% 2.04% #3 19
Prev: #22
5.0 200,000 200.0%
P
S
300,000 $69,246,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PWR
QUANTA SVCS INC
Industrials 6.40% 5.99% #4
Prev: #4
2.6 -200 -0.1%
P
S
155,500 $65,630,330 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CRS
CARPENTER TECHN...
Industrials 6.40% 5.90% #5
Prev: #5
2.6 -50,700 -19.6%
P
S
208,200 $65,549,688 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GLW
CORNING INC
Technology 6.24% 6.32% #6 4
Prev: #2
2.5 -100,000 -12.0%
P
S
730,000 $63,918,800 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GE
GE AEROSPACE
Industrials 6.20% #7
Prev: #—
4.5 206,400 no change
NEW
206,400 $63,577,392 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TSM
TAIWAN SEMICOND...
Technology 6.13% 2.59% #8 10
Prev: #18
4.8 106,600 106.6%
P
S
206,600 $62,783,674 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VNOM
VIPER ENERGY IN...
Energy 5.65% 3.55% #9 1
Prev: #10
4.4 500,000 50.0%
P
S
1,500,000 $57,945,000 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GFL
GFL ENVIRONMENT...
Industrials 5.63% 3.27% #10 2
Prev: #12
4.5 600,000 80.8%
P
S
1,342,400 $57,656,080 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
Basic Materials 4.78% #11
Prev: #—
3.9 300,000 no change
NEW
300,000 $48,933,000 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CRH
CRH PLC
Basic Materials 3.89% 5.23% #12 6
Prev: #6
1.7 -150,000 -31.9%
P
S
319,800 $39,911,040 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BALL
BALL CORP
Consumer Cyclical 3.62% #13
Prev: #—
3.4 700,000 no change
NEW
700,000 $37,079,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RRC
RANGE RES CORP
Energy 2.75% #14
Prev: #—
3.1 800,000 no change
NEW
800,000 $28,208,000 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UAL
UNITED AIRLS HL...
Industrials 2.73% #15
Prev: #—
3.1 250,000 no change
NEW
250,000 $27,955,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BAC
BANK AMERICA CO...
Financial Services 2.68% #16
Prev: #—
3.1 500,000 no change
NEW
500,000 $27,500,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FCX
FREEPORT-MCMORA...
Basic Materials 2.48% #17
Prev: #—
3.0 500,000 no change
NEW
500,000 $25,395,000 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TECK
TECK RESOURCES ...
Basic Materials 2.34% #18
Prev: #—
2.9 500,000 no change
NEW
500,000 $23,945,000 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SNPS
SYNOPSYS INC
Technology 1.83% 1.15% #19 11
Prev: #30
2.9 15,000 60.0%
P
S
40,000 $18,788,800 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ROAD
CONSTRUCTION PA...
Industrials 1.59% #20
Prev: #—
2.6 150,000 no change
NEW
150,000 $16,282,500 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CARR
CARRIER GLOBAL ...
Industrials 1.55% 2.77% #21 6
Prev: #15
0.7 -200,000 -40.0%
P
S
300,000 $15,852,000 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SKE
SKEENA RES LTD ...
Basic Materials 1.21% #22
Prev: #—
2.5 523,000 no change
NEW
523,000 $12,422,893 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SPOT
SPOTIFY TECHNOL...
Communication Services 1.13% 1.62% #23 2
Prev: #25
0.5 -5,000 -20.0%
P
S
20,000 $11,614,200 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NAK
NORTHERN DYNAST...
Basic Materials 1.04% #24
Prev: #—
2.4 5,385,000 no change
NEW
5,385,000 $10,608,450 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CENX
CENTURY ALUM CO
Basic Materials 0.96% #25
Prev: #—
2.4 250,000 no change
NEW
250,000 $9,795,000 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ECL
ECOLAB INC
Basic Materials 0.00% 6.36%
Sold All 😨
(Was: #1)
0.3 -250,000 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CNM
CORE & MAIN INC
Industrials 0.00% 5.00%
Sold All 😨
(Was: #7)
0.3 -1,000,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CNI
CANADIAN NATL R...
Industrials 0.00% 4.38%
Sold All 😨
(Was: #8)
0.3 -500,000 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DY
DYCOM INDS INC
Industrials 0.00% 4.06%
Sold All 😨
(Was: #9)
0.3 -150,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ETN
EATON CORP PLC
Industrials 0.00% 3.48%
Sold All 😨
(Was: #11)
0.3 -100,000 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MNG COR...
Basic Materials 0.00% 3.04%
Sold All 😨
(Was: #13)
0.3 -1,000,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NFLX
NETFLIX INC
ETF 0.00% 2.78%
Sold All 😨
(Was: #14)
0.3 -25,000 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 0.00% 2.73%
Sold All 😨
(Was: #16)
0.3 -40,000 -100.0%
CLOSED
$— 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
IAG
IAMGOLD CORP
Basic Materials 0.00% 2.69%
Sold All 😨
(Was: #17)
0.3 -2,240,000 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HLT
HILTON WORLDWID...
Consumer Cyclical 0.00% 2.41%
Sold All 😨
(Was: #19)
0.3 -100,000 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FSLR
FIRST SOLAR INC
Technology 0.00% 2.05%
Sold All 😨
(Was: #21)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COF
CAPITAL ONE FIN...
Financial Services 0.00% 1.97%
Sold All 😨
(Was: #23)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CVNA
CARVANA CO
Consumer Cyclical 0.00% 1.75%
Sold All 😨
(Was: #24)
0.3 -50,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LYV
LIVE NATION ENT...
Communication Services 0.00% 1.52%
Sold All 😨
(Was: #26)
0.3 -100,000 -100.0%
CLOSED
$— 2024 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SHOP
SHOPIFY INC
Technology 0.00% 1.38%
Sold All 😨
(Was: #27)
0.3 -100,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MA
MASTERCARD INCO...
Financial Services 0.00% 1.32%
Sold All 😨
(Was: #28)
0.3 -25,000 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NOW
SERVICENOW INC
Technology 0.00% 1.28%
Sold All 😨
(Was: #29)
0.3 -15,000 -100.0%
CLOSED
$— 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MIR
MIRION TECHNOLO...
Industrials 0.00% 1.08%
Sold All 😨
(Was: #31)
0.3 -500,000 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SOBO
SOUTH BOW CORP
Energy 0.00% 1.05%
Sold All 😨
(Was: #32)
0.3 -400,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DAR
DARLING INGREDI...
Consumer Defensive 0.00% 0.29%
Sold All 😨
(Was: #33)
0.3 -100,000 -100.0%
CLOSED
$— 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TT
TRANE TECHNOLOG...
Industrials 0.00% 0.22%
Sold All 😨
(Was: #34)
0.3 -5,600 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
TMQ
TRILOGY METALS ...
Basic Materials 0.00% 0.19%
Sold All 😨
(Was: #35)
0.3 -1,000,000 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 50 holdings

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