Managers / Q4 2020 · view latest →
BRIGHTLINE CAPITAL MANAGEMENT, LLC
CIK 0001432450 · 2 S. BISCAYNE BOULEVARD, SUITE 2580, MIAMI, FL, 33131 · 305-423-0834
Summary
Brightline Capital Management, LLC reported $132M in U.S.-listed holdings across 15 positions for Q4 2020.
Its largest position, DAR, represents 13.1% of the portfolio.
Compared with Q3 2020, the fund opened 6 new positions and exited 2.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 89.3% · $118M
- Other · 8.9% · $12M
- ADR · 1.8% · $2M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BUNGE LIMITED | NEW | +180.0K | 180.0K | +$12M | $12M |
| KALUKAISER ALUMINUM CORP | NEW | +110.0K | 110.0K | +$11M | $11M |
| 4DHDANA INC | NEW | +525.0K | 525.0K | +$10M | $10M |
| AMANTERO MIDSTREAM CORP | NEW | +1.30M | 1.30M | +$10M | $10M |
| JELDJELD-WEN HLDG INC | NEW | +250.0K | 250.0K | +$6M | $6M |
| CEMEX SAB DE CV | NEW | +450.0K | 450.0K | +$2M | $2M |
| AAALCOA CORP | SOLD OUT | −680.0K | 0 | −$8M | $0 |
| TRONOX HOLDINGS PLC | SOLD OUT | −660.0K | 0 | −$5M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DARDARLING INGREDIENTS INChistory → | COM | 13.06% | $17M | 300.0K |
| 2 | ARCONIC CORPORATION | COM | 9.45% | $13M | 420.0K |
| 3 | BUNGE LIMITED | COM | 8.91% | $12M | 180.0K |
| 4 | CCCHEMOURS COhistory → | COM | 8.70% | $12M | 465.0K |
| 5 | REGIEURRENEWABLE ENERGY GROUP INChistory → | COM NEW | 8.55% | $11M | 160.0K |
| 6 | KALUKAISER ALUMINUM CORPhistory → | COM PAR $0.01 | 8.21% | $11M | 110.0K |
| 7 | 4DHDANA INChistory → | COM | 7.74% | $10M | 525.0K |
| 8 | AMANTERO MIDSTREAM CORPhistory → | COM | 7.57% | $10M | 1.30M |
| 9 | NXSTNEXSTAR MEDIA GROUP INChistory → | CL A | 6.18% | $8M | 75.0K |
| 10 | AAWWUSDATLAS AIR WORLDWIDE HLDGS INhistory → | COM NEW | 6.17% | $8M | 150.0K |
| 11 | FRTAEURFORTERRA INChistory → | COM | 5.97% | $8M | 460.0K |
| 12 | JELDJELD-WEN HLDG INChistory → | COM | 4.79% | $6M | 250.0K |
| 13 | APY1EURCHAMPIONX CORPORATIONhistory → | COM | 2.43% | $3M | 210.0K |
| 14 | CEMEX SAB DE CV | SPON ADR NEW | 1.76% | $2M | 450.0K |
| 15 | RUNSUNRUN INC | COM | 0.52% | $694,000 | 10.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $338M | 9 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $247M | 8 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $244M | 10 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $232M | 15 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $115M | 12 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $146M | 13 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $237M | 20 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $201M | 19 | Aug 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $166M | 15 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $92M | 10 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $24M | 4 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $9M | 1 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $0 | 1 | May 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $45M | 5 | Feb 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $50M | 5 | Nov 9, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $43M | 4 | Aug 3, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $143M | 9 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $163M | 13 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $140M | 12 | Nov 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $149M | 11 | Aug 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $148M | 13 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $132M | 15 | Feb 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | Under review | 11 | Nov 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $26.4B | 6 | Aug 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $0 | 1 | May 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | Under review | 10 | Feb 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | Under review | 13 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $95M | 11 | Aug 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $63M | 11 | May 9, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $18M | 2 | Feb 8, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.