1y return+47.4%S&P 500 +20.9%
3y return+138.6%S&P 500 +68.5%
5y return+167.0%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2021: $267 against $174 in the S&P 500.2
Bornite Capital Management LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| TLNTalen Energy Corp | $60.5M | 7.6% | −24.6% |
| AMZNAmazon Com Inc | $56.7M | 7.1% | New |
| CRSCarpenter Technology Corp | $55.7M | 7.0% | −32.3% |
| DYDycom Inds Inc | $53.7M | 6.8% | +1.0% |
| TSMTaiwan Semiconductor Manufac | $51.1M | 6.4% | −48.2% |
| HBMHudbay Minerals Inc | $50.4M | 6.3% | New |
| Asml Hldg NvCUSIP N07059210 | $49.7M | 6.3% | New |
| ETREntergy Corp New | $49.0M | 6.2% | New |
| SKESkeena Res Ltd New | $43.2M | 5.4% | +23.4% |
| LNGCheniere Energy Inc | $39.0M | 4.9% | +176.8% |
| MAMastercard Incorporated | $38.5M | 4.8% | New |
| VMIValmont Inds Inc | $37.7M | 4.7% | New |
| MLMMartin Marietta Matls Inc | $37.6M | 4.7% | New |
| CDNSCadence Design System Inc | $37.5M | 4.7% | New |
| EQTEqt Corp | $37.2M | 4.7% | New |
| CNMCore & Main Inc | $36.6M | 4.6% | New |
| GEGe Aerospace | $29.9M | 3.8% | +1150.0% |
| FCXFreeport Mcmoran Inc | $25.2M | 3.2% | |
| PWRQuanta Svcs Inc | $3.1M | 0.4% | −92.8% |
| Sinda LtdCUSIP G81569108 | $2.4M | 0.3% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PWRQuanta Svcs Inc | June 30, 2024 | +183.4% | $3.1M |
| CRSCarpenter Technology Corp | June 30, 2025 | +123.2% | $55.7M |
| TLNTalen Energy Corp | September 30, 2024 | +115.6% | $60.5M |
| TSMTaiwan Semiconductor Manufac | September 30, 2025 | +71.0% | $51.1M |
| DYDycom Inds Inc | March 31, 2026 | +49.2% | $53.7M |
| FCXFreeport Mcmoran Inc | December 31, 2025 | +23.8% | $25.2M |
| GEGe Aerospace | December 31, 2025 | +21.3% | $29.9M |
| SKESkeena Res Ltd New | December 31, 2025 | +12.3% | $43.2M |
| LNGCheniere Energy Inc | March 31, 2025 | +3.3% | $39.0M |
Sold off last quarter
- STLDSteel Dynamics Inc was $63.0M
- CTRICenturi Holdings Inc was $61.6M
- ARAntero Resources Corp was $44.1M
- METAMeta Platforms Inc was $34.3M
- CENXCentury Alum Co was $31.8M
- DCDakota Gold Corp was $10.1M
- Spotify Technology S ACUSIP L8681T102 was $9.7M
- NAKNorthern Dynasty Minerals Lt was $1.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +16.5% | +14.8% |
| March 31, 2026 | +10.1% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +12.1% | +7.8% |
| June 30, 2025 | +20.1% | +10.5% |
| March 31, 2025 | +1.5% | −4.6% |
| December 31, 2024 | +4.6% | +2.1% |
| September 30, 2024 | +2.3% | +5.4% |
| June 30, 2024 | −1.7% | +4.0% |
| March 31, 2024 | +17.6% | +10.0% |
| December 31, 2023 | +6.6% | +11.2% |
| September 30, 2023 | +0.6% | −3.6% |
| June 30, 2023 | +5.7% | +8.3% |
| March 31, 2023 | +4.5% | +7.0% |
| December 31, 2022 | +9.6% | +7.1% |
| September 30, 2022 | −6.5% | −5.3% |
| June 30, 2022 | −14.9% | −16.5% |
| March 31, 2022 | +8.8% | −4.9% |
| December 31, 2021 | +10.7% | +10.7% |
| September 30, 2021 | −3.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Bornite Capital Management LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1800641&type=13F-HR&dateb=&owner=include&count=40CIK 1800641
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1800641/000180064126000006/Filed August 13, 2026 · accession 0001800641-26-000006