Bornite Capital Management L.P. 13F annual report
Bornite Capital Management L.P. is an investment fund managing more than $607 billion ran by Marcelo Queiroz. There are currently 39 companies in Mr. Queiroz’s portfolio. The largest investments include Cenovus Inc and Amazon.com, together worth $98.1 billion.
$607 billion Assets Under Management (AUM)
As of 7th August 2024, Bornite Capital Management L.P.’s top holding is 2,530,900 shares of Cenovus Inc currently worth over $49.8 billion and making up 8.2% of the portfolio value.
Relative to the number of outstanding shares of Cenovus Inc, Bornite Capital Management L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 250,000 shares of Amazon.com worth $48.3 billion, whose value fell 0.4% in the past six months.
The third-largest holding is Microsoft worth $44.7 billion and the next is Veren worth $39.4 billion, with 5,000,000 shares owned.
Currently, Bornite Capital Management L.P.'s portfolio is worth at least $607 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Bornite Capital Management L.P.
The Bornite Capital Management L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Marcelo Queiroz serves as the Chief Compliance Officer at Bornite Capital Management L.P..
Recent trades
In the most recent 13F filing, Bornite Capital Management L.P. revealed that it had opened a new position in
Veren and bought 5,000,000 shares worth $39.4 billion.
This means they effectively own approximately 0.1% of the company.
Veren makes up
39.3%
of the fund's Energy sector allocation and has grown its share price by 2.4% in the past year.
The investment fund also strengthened its position in Franco Nev Corp by buying
51,300 additional shares.
This makes their stake in Franco Nev Corp total 125,000 shares worth $14.8 billion.
On the other hand, there are companies that Bornite Capital Management L.P. is getting rid of from its portfolio.
Bornite Capital Management L.P. closed its position in Workday Inc on 14th August 2024.
It sold the previously owned 125,000 shares for $34.5 billion.
Marcelo Queiroz also disclosed a decreased stake in Cenovus Inc by 0.2%.
This leaves the value of the investment at $49.8 billion and 2,530,900 shares.
One of the average hedge funds
The two most similar investment funds to Bornite Capital Management L.P. are Atlas Private Wealth Advisors and Readystate Asset Management L.P.. They manage $607 billion and $607 billion respectively.
Marcelo Queiroz investment strategy
Bornite Capital Management L.P.’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Energy — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
43.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
49% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $211 billion.
The complete list of Bornite Capital Management L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Cenovus Energy Inc |
16.34%
2,530,900
|
$49,757,494,000 | 8.19% |
| Amazon.com Inc. |
No change
250,000
|
$48,312,500,000 | 7.96% |
| Microsoft Corporation |
No change
100,000
|
$44,695,000,000 | 7.36% |
| Veren Inc. |
Opened
5,000,000
|
$39,350,000,000 | 6.48% |
| Workday Inc |
Closed
125,000
|
$34,507,500,000 | |
| Osisko Gold Royalties Ltd |
Opened
2,032,300
|
$31,663,234,000 | 5.21% |
| Freeport-McMoRan Inc |
Closed
511,016
|
$21,753,951,000 | |
| Valero Energy Corp. |
Closed
153,200
|
$19,916,000,000 | |
| Cadence Design System Inc |
Opened
60,000
|
$18,465,000,000 | 3.04% |
| Mastercard Incorporated |
Opened
40,000
|
$17,646,400,000 | 2.91% |
| Apple Inc |
Opened
80,000
|
$16,849,600,000 | 2.77% |
| Nucor Corp. |
Opened
100,000
|
$15,808,000,000 | 2.60% |
| Unitedhealth Group Inc |
Closed
30,000
|
$15,794,100,000 | |
| Steel Dynamics Inc. |
Closed
128,400
|
$15,164,040,000 | |
| Franco Nev Corp |
69.61%
125,000
|
$14,815,000,000 | 2.44% |
| Uber Technologies Inc |
Opened
200,000
|
$14,536,000,000 | 2.39% |
| Ge Vernova Inc |
Opened
78,550
|
$13,472,111,000 | 2.22% |
| Eaton Corp Plc |
73.03%
40,910
|
$12,827,331,000 | 2.11% |
| Core & Main, Inc. |
Opened
260,500
|
$12,748,870,000 | 2.10% |
| Waste Connections Inc |
Opened
70,000
|
$12,275,200,000 | 2.02% |
| GE Aerospace |
73.06%
75,000
|
$11,922,750,000 | 1.96% |
| CRH Plc |
74.24%
156,146
|
$11,707,827,000 | 1.93% |
| Mckesson Corporation |
73.33%
20,000
|
$11,680,800,000 | 1.92% |
| Deere & Co. |
Opened
30,000
|
$11,208,900,000 | 1.85% |
| Cheniere Energy Inc. |
Opened
63,500
|
$11,101,705,000 | 1.83% |
| Builders Firstsource Inc |
Opened
80,000
|
$11,072,800,000 | 1.82% |
| Mirion Technologies Inc |
Opened
1,027,600
|
$11,036,424,000 | 1.82% |
| Linde Plc. |
Opened
25,000
|
$10,970,250,000 | 1.81% |
| Hilton Worldwide Holdings Inc |
Opened
50,000
|
$10,910,000,000 | 1.80% |
| Marathon Pete Corp |
Opened
62,700
|
$10,877,196,000 | 1.79% |
| Martin Marietta Matls Inc |
Opened
20,000
|
$10,836,000,000 | 1.78% |
| NextEra Energy Inc |
Opened
150,000
|
$10,621,500,000 | 1.75% |
| Fedex Corp |
Opened
35,000
|
$10,494,400,000 | 1.73% |
| Air Prods & Chems Inc |
Opened
40,000
|
$10,322,000,000 | 1.70% |
| Quanta Svcs Inc |
Opened
40,000
|
$10,163,600,000 | 1.67% |
| CSX Corp. |
Opened
300,000
|
$10,035,000,000 | 1.65% |
| ATI Inc |
Closed
220,000
|
$10,003,400,000 | |
| Caesars Entertainment Inc Ne |
Opened
250,000
|
$9,935,000,000 | 1.64% |
| Cameco Corp. |
30.80%
200,000
|
$9,840,000,000 | 1.62% |
| Discover Finl Svcs |
Opened
75,000
|
$9,810,750,000 | 1.62% |
| Corning, Inc. |
Opened
250,000
|
$9,712,500,000 | 1.60% |
| Aercap Holdings Nv |
Opened
100,000
|
$9,320,000,000 | 1.53% |
| Fluor Corp New |
Opened
200,000
|
$8,710,000,000 | 1.43% |
| Mdu Res Group Inc |
Opened
308,000
|
$7,730,800,000 | 1.27% |
| Applied Matls Inc |
Closed
40,000
|
$6,482,800,000 | |
| MongoDB Inc |
Closed
15,000
|
$6,132,750,000 | |
| Roblox Corporation |
Closed
100,000
|
$4,572,000,000 | |
| Scorpio Tankers Inc |
Opened
50,000
|
$4,064,500,000 | 0.67% |
| NexGen Energy Ltd |
Closed
518,500
|
$3,629,500,000 | |
| No transactions found | |||
| Showing first 500 out of 49 holdings | |||
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