Bornite Capital Management LP Buys Cenovus Energy Inc, Lowe's Inc, Applied Materials Inc, Sells Suncor Energy Inc, Canadian Natural Resources, Adobe Inc

• New Purchases: CVE, LOW, AMAT, AMZN, NKE, CTVA, XOM, NTR, TMO, MS, GTLS, SCCO, X,
• Added Positions: RS, AA, SCHN, MSFT,
• Sold Out: SU, CNQ, ADBE, GOOGL, AWK, WCN, LNG, MOS, DE, DEN, CSTM,

For the details of Bornite Capital Management LP's stock buys and sells, go to https://www.gurufocus.com/guru/bornite+capital+management+lp/current-portfolio/portfolio

1. Cenovus Energy Inc (CVE) - 2,500,000 shares, 10.62% of the total portfolio. New Position
2. Reliance Steel & Aluminum Co (RS) - 150,000 shares, 8.42% of the total portfolio. Shares added by 100.00%
3. Lowe's Companies Inc (LOW) - 80,000 shares, 7.15% of the total portfolio. New Position
4. Applied Materials Inc (AMAT) - 130,000 shares, 7.08% of the total portfolio. New Position
5. Microsoft Corp (MSFT) - 60,000 shares, 6.98% of the total portfolio. Shares added by 20.00%

Bornite Capital Management LP initiated holding in Cenovus Energy Inc. The purchase prices were between $10.43 and $13.16, with an estimated average price of $12.02. The stock is now traded at around $15.370000. The impact to a portfolio due to this purchase was 10.62%. The holding were 2,500,000 shares as of 2021-12-31.

Bornite Capital Management LP initiated holding in Lowe's Companies Inc. The purchase prices were between $204 and $261.38, with an estimated average price of $238.68. The stock is now traded at around $222.690000. The impact to a portfolio due to this purchase was 7.15%. The holding were 80,000 shares as of 2021-12-31.

Bornite Capital Management LP initiated holding in Applied Materials Inc. The purchase prices were between $125.2 and $162.72, with an estimated average price of $145.33. The stock is now traded at around $133.350000. The impact to a portfolio due to this purchase was 7.08%. The holding were 130,000 shares as of 2021-12-31.

Bornite Capital Management LP initiated holding in Amazon.com Inc. The purchase prices were between $3189.78 and $3696.06, with an estimated average price of $3427.48. The stock is now traded at around $3052.030000. The impact to a portfolio due to this purchase was 6.92%. The holding were 6,000 shares as of 2021-12-31.

Bornite Capital Management LP initiated holding in Nike Inc. The purchase prices were between $147.14 and $177.51, with an estimated average price of $165.33. The stock is now traded at around $142.950000. The impact to a portfolio due to this purchase was 5.77%. The holding were 100,000 shares as of 2021-12-31.

Bornite Capital Management LP initiated holding in Corteva Inc. The purchase prices were between $41.95 and $48.7, with an estimated average price of $45.62. The stock is now traded at around $50.700000. The impact to a portfolio due to this purchase was 5.72%. The holding were 350,000 shares as of 2021-12-31.

Bornite Capital Management LP added to a holding in Reliance Steel & Aluminum Co by 100.00%. The purchase prices were between $141.18 and $166.83, with an estimated average price of $154.94. The stock is now traded at around $174.950000. The impact to a portfolio due to this purchase was 4.21%. The holding were 150,000 shares as of 2021-12-31.

Bornite Capital Management LP added to a holding in Alcoa Corp by 100.00%. The purchase prices were between $43.78 and $59.83, with an estimated average price of $50.25. The stock is now traded at around $78.200000. The impact to a portfolio due to this purchase was 3.09%. The holding were 300,000 shares as of 2021-12-31.

Bornite Capital Management LP added to a holding in Schnitzer Steel Industries Inc by 100.00%. The purchase prices were between $45.24 and $56.97, with an estimated average price of $51.45. The stock is now traded at around $42.150000. The impact to a portfolio due to this purchase was 1.8%. The holding were 200,000 shares as of 2021-12-31.

Bornite Capital Management LP sold out a holding in Suncor Energy Inc. The sale prices were between $21.37 and $26.72, with an estimated average price of $24.45.

Bornite Capital Management LP sold out a holding in Canadian Natural Resources Ltd. The sale prices were between $38.12 and $43.59, with an estimated average price of $41.41.

Bornite Capital Management LP sold out a holding in Adobe Inc. The sale prices were between $549.77 and $688.37, with an estimated average price of $625.62.

Bornite Capital Management LP sold out a holding in Alphabet Inc. The sale prices were between $2673.19 and $2996.77, with an estimated average price of $2884.33.

Bornite Capital Management LP sold out a holding in American Water Works Co Inc. The sale prices were between $167.8 and $188.86, with an estimated average price of $174.87.

Bornite Capital Management LP sold out a holding in Waste Connections Inc. The sale prices were between $124.3 and $138.29, with an estimated average price of $133.09.