BRIGHTLINE CAPITAL MANAGEMENT, LLC

CIK 1432450 · View on SEC EDGAR ↗

Portfolio value
$461.5M
#3,989 of 9,443 by 13F value · top 42.2%
Positions
11
As of
June 30, 2026

Portfolio value QoQ: +36.5% 13F does not disclose cash

Top 10 holdings weight
98.54%
Top 25 holdings weight
100.00%
Positions above 1%
11
Effective number of positions
4.6

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 17.61% Est. buys $86,654,340 · sells $70,409,830

Median holding: 2.5 quarters Tracked Q4 2024–Q2 2026 · 39.3% still held

New positions
5
Increased
6
Decreased
0
Closed
3
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Performance vs S&P 500

Tracked Q1 2025–Q2 2026
+250.2%
S&P 500 total return (same window)
+37.0%
Excess return
+213.2%

Annualized: +172.7% · S&P 500: +28.7%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 97.9% · Options excluded: 0.0%

Sector breakdown

Communications
41.1%
Industrials
25.9%
Materials
22.9%
Consumer Discretionary
6.8%
Other/Unmapped
3.3%

Full portfolio 11 positions

Type Streak 8Q trend
VSAT ViaSat, Inc. - Common Stock $189,678,720 41.10% 2,112,000 $93,498,720 Up ×4
CSTM Constellium SE Ordinary Shares (France) $61,286,010 13.28% 1,923,000 $15,886,750 Up ×6
RRX Regal Rexnord Corporation Common Stock $38,824,970 8.41% 163,000 $15,417,470 Up ×1
FLR Fluor Corporation Common Stock $37,877,970 8.21% 723,000 $9,841,320 Up ×4
ECVT Ecovyst Inc. Common Stock $37,499,400 8.13% 3,012,000 $1,491,400 Up ×2
DAN Dana Incorporated Common Stock $31,563,600 6.84% 1,160,000 $-7,133,900 Up ×3
HRI Herc Holdings Inc. Common Stock $20,354,280 4.41% 142,000 Up ×1
Unknown issuer (CUSIP: 89472Y107) $15,136,000 3.28% 2,200,000 Up ×1
OC Owens Corning Inc Common Stock New $12,716,800 2.76% 80,000 Up ×1
WSC WillScot Holdings Corporation - Class A Common Stock $9,870,120 2.14% 342,000 Up ×1
ASTL Algoma Steel Group Inc. - Common Shares $6,723,000 1.46% 1,660,000 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
VSAT $189,678,720 41.10% up ×4
CSTM $61,286,010 13.28% up ×6
FLR $37,877,970 8.21% up ×4
DAN $31,563,600 6.84% up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
HRI $20,354,280 142,000 4.41%
Unknown issuer (CUSIP: 89472Y107) $15,136,000 2,200,000 3.28%
OC $12,716,800 80,000 2.76%
WSC $9,870,120 342,000 2.14%
ASTL $6,723,000 1,660,000 1.46%

Top movers (QoQ)

Security Action Shares Δ Value Δ
VSAT Bought more +12K +$93.5M
CSTM Bought more +76K +$15.9M
RRX Bought more +38K +$15.4M
FLR Bought more +122K +$9.8M
DAN Bought more +10K -$7.1M
ECVT Bought more +212K +$1.5M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
AMTM June 30, 2026 1,396,000 $36,407,680 1.2%
TPC Sept. 30, 2025 705,000 $32,979,900 39.1%
KALU June 30, 2026 175,000 $21,089,250 -20.1%
REVG March 31, 2025 656,000 $20,906,720 No longer tracked
EOSE Dec. 31, 2025 1,754,000 $19,978,060 -68.8%
TOL Sept. 30, 2025 160,000 $18,260,800 5.4%
NVRI Dec. 31, 2025 1,400,000 $17,766,000 No longer tracked
CDLR March 31, 2025 659,000 $14,715,470 24.0%
NEXT Sept. 30, 2025 1,450,000 $12,919,500 3.3%
TGB June 30, 2026 2,002,000 $12,912,900 No longer tracked
SEI March 31, 2026 250,000 $11,492,500 -2.0%
TTI Sept. 30, 2025 2,653,000 $8,914,080 26.6%
MAGN Dec. 31, 2025 560,000 $6,563,200 -18.6%
TSE Dec. 31, 2025 1,060,000 $2,491,000 No longer tracked
HY March 31, 2025 30,000 $1,527,900 -19.4%
TPICQ Sept. 30, 2025 1,737,000 $1,492,604 No longer tracked
BW Sept. 30, 2025 1,550,000 $1,491,255 194.8%