Managers / Q1 2024 · 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 $166M in U.S.-listed holdings across 15 positions for Q1 2024.
Its largest position, MBC, represents 11.1% of the portfolio.
Compared with Q4 2023, the fund opened 7 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 · 89.8% · $149M
- Other · 10.2% · $17M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| CLFCLEVELAND-CLIFFS INC NEW | NEW | +630.0K | 630.0K | +$14M | $14M |
| 1RGREV GROUP INC | NEW | +645.0K | 645.0K | +$14M | $14M |
| MATVMATIV HOLDINGS INC | NEW | +750.0K | 750.0K | +$14M | $14M |
| CCL1EURCARNIVAL CORP | NEW | +655.0K | 655.0K | +$11M | $11M |
| HOVHOVNANIAN ENTERPRISES INC | NEW | +45.0K | 45.0K | +$7M | $7M |
| GLDDGREAT LAKES DREDGE & DOCK CO | NEW | +440.0K | 440.0K | +$4M | $4M |
| GLT1EURGLATFELTER CORPORATION | NEW | +1.17M | 1.17M | +$2M | $2M |
| OSG1EUROVERSEAS SHIPHOLDING GROUP I | ADDED | +1.46M | 2.02M | +$10M | $13M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | MBCMASTERBRAND INChistory → | COMMON STOCK | 11.07% | $18M | 982.0K |
| 2 | BZHBEAZER HOMES USA INChistory → | COM NEW | 9.59% | $16M | 486.0K |
| 3 | CLFCLEVELAND-CLIFFS INC NEWhistory → | COM | 8.62% | $14M | 630.0K |
| 4 | 1RGREV GROUP INChistory → | COM | 8.57% | $14M | 645.0K |
| 5 | CONSTELLIUM SE | CL A SHS | 8.51% | $14M | 640.0K |
| 6 | MATVMATIV HOLDINGS INChistory → | COM | 8.46% | $14M | 750.0K |
| 7 | OCOWENS CORNING NEWhistory → | COM | 8.13% | $14M | 81.0K |
| 8 | OSG1EUROVERSEAS SHIPHOLDING GROUP Ihistory → | CL A NEW | 7.78% | $13M | 2.02M |
| 9 | BLBDBLUE BIRD CORPhistory → | COM | 7.57% | $13M | 328.0K |
| 10 | CCL1EURCARNIVAL CORPhistory → | UNIT 99/99/9999 | 6.44% | $11M | 655.0K |
| 11 | BLDRBUILDERS FIRSTSOURCE INChistory → | COM | 5.65% | $9M | 45.0K |
| 12 | HOVHOVNANIAN ENTERPRISES INChistory → | CL A NEW | 4.25% | $7M | 45.0K |
| 13 | GLDDGREAT LAKES DREDGE & DOCK COhistory → | COM | 2.32% | $4M | 440.0K |
| 14 | ARDAGH METAL PACKAGING S A | SHS | 1.65% | $3M | 800.0K |
| 15 | GLT1EURGLATFELTER CORPORATIONhistory → | COM | 1.41% | $2M | 1.17M |
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 ↗.