Bornite Capital Management LP

Hedge Fund • Long/Short

Bornite Capital Management LP is a Long/Short Hedge Fund based in New York, NY led by Daniel A. Dreyfus, reporting $1.1B in AUM as of Q3 2025 with 40% Industrials concentration and 54% concentrated in top 10 holdings.

CIODaniel A. Dreyfus

Portfolio Value: $1.0B
Positions: 34
Top Holding: ECL at 6.53%
Last Reported: Q3 2025

Address375 Park Avenue, New York, NY, 10152, United States

Top Holdings

Largest long holdings in Bornite Capital Management LP's portfolio (54.4% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Ecolab ECL	Chemicals - Specialty Basic Materials	$68.5M	6.53%	+$68.5M Bought	0.09% 250.0K shares	Q3 2025 Held for 2 months
2 Corning GLW	Hardware, Equipment & Parts Technology	$68.1M	6.49%	+$68.1M Bought	0.10% 830.0K shares	Q3 2025 Held for 2 months
3 Talen Energy Corporation TLN	Unknown Unknown	$66.4M	6.33%	+$893.3K Bought	0.34% 156.0K shares	Q3 2024 Held for 1y 2m
4 Quanta Services PWR	Engineering & Construction Industrials	$64.5M	6.15%	+$21.9M Bought	0.10% 155.7K shares	Q2 2024 Held for 1y 5m
5 Carpenter Technology CRS	Manufacturing - Metal Fabrication Industrials	$63.6M	6.06%	+$26.7M Bought	0.52% 258.9K shares	Q2 2025 Held for 5 months
6 CRH CRH	Construction Materials Basic Materials	$56.3M	5.37%	+$13.0M Bought	0.07% 469.8K shares	Q4 2023 Held for 1y 11m
7 Core & Main CNM	Industrial - Distribution Industrials	$53.8M	5.13%	+$53.8M Bought	0.52% 1.0M shares	Q1 2025 Held for 8 months
8 Canadian National Railway CNI	Railroads Industrials	$47.2M	4.49%	+$47.2M Bought	0.08% 500.0K shares	Q3 2025 Held for 2 months
9 Dycom Industries DY	Engineering & Construction Industrials	$43.8M	4.17%	+$43.8M New	0.52% 150.0K shares	Q3 2025 Held for 2 months
10 Viper Energy VNOM	Oil & Gas Midstream Energy	$38.2M	3.64%	+$38.2M Bought	0.59% 1.0M shares	Q1 2025 Held for 8 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Bornite Capital Management LP's latest filing

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Market Value

$1.0B

Prior: $998.8M

Q/Q Change

+5.02%

+$50.2M

Net Flows % of MV

-36.26%

Turnover Ratio

60.41%

New Purchases

8 stocks

$195.8M

Added To

5 stocks

+$63.6M

Sold Out Of

21 stocks

$517.8M

Reduced Holdings

8 stocks

-$121.9M

Increased Positions

Position	Shares Δ	Change
1 Dycom Industries DY	New	0 → 150.0K +$43.8M
2 Barnes Group B	New	0 → 1.0M +$32.8M
3 Carrier Global CARR	New	0 → 500.0K +$29.9M
4 First Solar FSLR	New	0 → 100.0K +$22.1M
5 Capital One Financial COF	New	0 → 100.0K +$21.3M

Decreased Positions

Position	Shares Δ	Change
1 Baker Hughes BKR	Sold	1.0M → 0 −$39.4M
2 Tetra Tech TTEK	Sold	1.0M → 0 −$37.0M
3 Linde LIN	Sold	77.2K → 0 −$36.2M
4 EQT Corporation EQT	Sold	618.3K → 0 −$36.1M
5 Freeport-McMoRan Inc. FCX	Sold	824.5K → 0 −$35.7M