Bornite Capital Management LP recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
4 WORLD TRADE CENTER SUITE 2975 NEW YORK, NY 10007
As of the latest 13F report, the guru’s equity portfolio contained 16 stocks valued at a total of $305.00Mil. The top holdings were MSFT(12.65%), TMO(11.51%), and MA(10.36%).
According to GuruFocus data, these were Bornite Capital Management LP’s top five trades of the quarter.
Cenovus Energy Inc
The guru sold out of their 3,000,000-share investment in NYSE:CVE. Previously, the stock had a 15.27% weight in the equity portfolio. Shares traded for an average price of $19.85 during the quarter.
On 07/25/2022, Cenovus Energy Inc traded for a price of $17.69 per share and a market cap of $35.14Bil. The stock has returned 121.35% over the past year.
GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Cenovus Energy Inc has a price-earnings ratio of 23.78, a price-book ratio of 1.87, a EV-to-Ebitda ratio of 5.66 and a price-sales ratio of 0.83.
The price-to-GF Value ratio is 1.17, earning the stock a GF Value rank of 3.
Thermo Fisher Scientific Inc
During the quarter, Bornite Capital Management LP bought 970,000 shares of NYSE:TMO for a total holding of 1,000,000. The trade had a 11.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $551.06.
On 07/25/2022, Thermo Fisher Scientific Inc traded for a price of $567.44 per share and a market cap of $222.13Bil. The stock has returned 6.82% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 9 out of 10.
In terms of valuation, Thermo Fisher Scientific Inc has a price-earnings ratio of 29.58, a price-book ratio of 5.41, a price-earnings-to-growth (PEG) ratio of 1.26, a EV-to-Ebitda ratio of 21.03 and a price-sales ratio of 5.45.
The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.
Franco-Nevada Corp
The guru established a new position worth 200,000 shares in NYSE:FNV, giving the stock a 8.64% weight in the equity portfolio. Shares traded for an average price of $148.07 during the quarter.
On 07/25/2022, Franco-Nevada Corp traded for a price of $123.99 per share and a market cap of $23.80Bil. The stock has returned -14.93% over the past year.
GuruFocus gives the company a financial strength rating of 9 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Franco-Nevada Corp has a price-earnings ratio of 32.65, a price-book ratio of 3.90, a price-earnings-to-growth (PEG) ratio of 2.21, a EV-to-Ebitda ratio of 20.01 and a price-sales ratio of 18.32.
The price-to-GF Value ratio is 0.70, earning the stock a GF Value rank of 10.
Microsoft Corp
During the quarter, Bornite Capital Management LP bought 90,000 shares of NAS:MSFT for a total holding of 150,000. The trade had a 7.59% impact on the equity portfolio. During the quarter, the stock traded for an average price of $271.99.
On 07/25/2022, Microsoft Corp traded for a price of $258.83 per share and a market cap of $1,935.80Bil. The stock has returned -9.81% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.
In terms of valuation, Microsoft Corp has a price-earnings ratio of 27.02, a price-book ratio of 11.89, a price-earnings-to-growth (PEG) ratio of 1.28, a EV-to-Ebitda ratio of 19.20 and a price-sales ratio of 10.17.
The price-to-GF Value ratio is 0.84, earning the stock a GF Value rank of 7.
S&P 500 ETF TRUST ETF
The guru sold out of their 50,000-share investment in ARCA:SPY. Previously, the stock had a 6.89% weight in the equity portfolio. Shares traded for an average price of $408.8 during the quarter.
On 07/25/2022, S&P 500 ETF TRUST ETF traded for a price of $395.57 per share and a market cap of $358.89Bil. The stock has returned -9.20% over the past year.
GuruFocus gives the ETF a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, S&P 500 ETF TRUST ETF has a price-earnings ratio of 18.43, a price-book ratio of 3.56, a price-earnings-to-growth (PEG) ratio of 2.22, a EV-to-Ebitda ratio of 14.23 and a price-sales ratio of 2.86.
The price-to-GF Value ratio is 0.00, earning the stock a GF Value rank of 6.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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