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BRIGHTLINE CAPITAL MANAGEMENT, LLC
MIAMI FL
Investment Advisor
Hedge Fund
Brightline Capital Management is based out of Miami. Brightline Capital Management is a hedge fund with 2 clients and discretionary assets under management (AUM) of $214,675,987 (Form ADV from 2025-03-11). Their last reported 13F filing for Q1 2025 included $115,295,472 in managed 13F securities
and a top 10 holdings concentration of 97.88%. Brightline Capital Management's largest holding is Solaris Energy Infrastructure Inc with shares held of 1,117,000. Whalewisdom has at least 34 13F filings, 18 13D filings, and 10 13G filings
Business Description
Brightline Capital Management, LLC (“Brightline”) was founded in 2005 by Nick Khera. Brightline serves as manager to limited partnerships formed in the U.S. as privately-offered investment funds that may invest in a broad range of assets, including equity and debt instruments, fixed income securities, convertible securities, derivatives, swaps, options, and other financial instruments and products.
Brightline manages assets on a discretionary basis in two private funds (collectively referred to as “Funds”), Brightline Capital Partners, LP (“BCP”) and Brightline Capital Partners II, LP (“BCP II”), generally to applicable U.S. taxpayers, U.S. tax-exempt, and non-U.S. Investors. As of December 31, 2024, the Funds held approximately $215 million in assets.
Investment Strategy
Brightline's investment strategy is value-driven, relying on disciplined fundamental analysis and research. They seek companies with strong fundamentals trading at a discount to their estimated long-run cash flows, primarily focusing on the individual company business model with a bottom-up perspective. Historically, investments have been made in U.S.-based companies through U.S. financial markets.
The firm aims to generate superior absolute returns through prudent stock selection, appropriate position sizing, and risk management. They emphasize constant evaluation of existing holdings against potential new entries to maximize the portfolio's risk/reward profile.
Owners
- KHERA, NICK, NMN - CEO
- HUANG, ELSON, NMN - PARTNER
- GRAHAM, AMINA, ABRAHAMS - CFO, CHIEF COMPLIANCE OFFICER Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2025-03-31
Top Buys (13F)
| Name | % Change |
|---|---|
| TTI TETRA Technologies, | 7.74% |
| MAGN Magnera Corp. | 6.85% |
| NEXT NextDecade Corporati | 6.75% |
| TPC Tutor Perini Corp | 4.77% |
| NVRI Enviri Corp | 1.63% |
2025-03-31
Top Sells (13F)
| Name | % Change |
|---|---|
| REVG REV Group Inc | 14.34% |
| CDLR Cadeler AS | 10.09% |
| HY Hyster Yale Inc | 1.05% |
2025-03-31
13F Holdings Summary
| Name | $ Change |
|---|---|
| SEI Solaris Energy Infra | 21.08% |
| FLR Fluor Corporation | 16.62% |
| TPC Tutor Perini Corp | 14.11% |
| MAGN Magnera Corp. | 8.76% |
| TTI TETRA Technologies, | 7.74% |
2025-03-31
13F Activity
| Market Value | $115m, Prior: $146m |
| Inflows (Outflows) as % of Total MV | +0.3961% |
| New Purchases | 2 stocks |
| Added To | 10 stocks |
| Sold out of | 3 stocks |
| Reduced holdings in | 0 stocks |
| Top 10 Holdings % | 97.88% |
| Turnover %[1] | 33.33% |
| Turnover Alt %[2] | 25.88% |
| Time Held Top 20 | 2.25 quarters |
| Time Held Top 10 | 1.2 quarters |
| Time Held All | 2.25 quarters |
[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.
[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.
2025-03-31
13F Sector Allocation Over Time
limited to past 4 quarters. Subscribe to see all available data
2025-03-31
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2025-03-31