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Brightline Capital Management, LLC

CIK:0001432450
Investment Adviser
$215M AUM
15 holdings
Miami, FL, US
Founded:2005
7 employees
Latest filing:Jun 30, 2025

Brightline Capital Management, LLC is a Miami-based investment adviser and asset management firm founded in 2005 by Nick Khera. The firm manages two private funds, Brightline Capital Partners, LP and Brightline Capital Offshore, Ltd. As of 2025, the firm employs approximately 7 people and serves primarily high-net-worth individual and institutional clients through concentrated, publicly-disclosed U.S. equities portfolios.

Investment Strategy

Brightline Capital Management pursues a fundamental, research-driven approach, focusing on long-term investments in a concentrated portfolio of U.S. public equities. The strategy emphasizes identifying undervalued companies with potential for operational improvement or strategic transformation. The firm typically maintains high conviction positions with a low annual turnover, which reflects a disciplined buy-and-hold philosophy focused on value creation and active engagement with management.

Latest 13F Filing Activity

Brightline Capital Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 14 equity positions with a total 13F market value of $232M. The fund increased holdings in Viasat Inc., Amentum Holdings Inc., Toll Brothers Inc. among other positions. Brightline Capital Management, LLC reduced exposure to Magnera Corp., Trinseo PLC, Tetra Technologies Inc. Del among others.

Top Buys
V
VSATVIASAT INC
+$29.2M
A
AMTMAMENTUM HOLDINGS INC
+$23.6M
T
TOLTOLL BROTHERS INC
+$18.3M
T
TPCTUTOR PERINI CORP
+$16.7M
F
FLRFLUOR CORP NEW
+$8.2M
Top Sells
F
FLRFLUOR CORP NEW
+$8.2M
S
SEISOLARIS ENERGY INFRAS INC
+$7.4M
C
CSTMCONSTELLIUM SE
+$5.8M
N
NEXTNEXTDECADE CORP
+$5.1M
M
MAGNMAGNERA CORP
-$3.4M

Top Holdings

T
TPCTUTOR PERINI CORP
+14.2%$33.0M
S
SEISOLARIS ENERGY INFRAS INC
+13.7%$31.7M
V
VSATVIASAT INC
+12.6%$29.2M
F
FLRFLUOR CORP NEW
+11.8%$27.4M
A
AMTMAMENTUM HOLDINGS INC
+10.2%$23.6M

Equity Positions (14)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
TUTOR PERINI CORP14.21%$33.0M705,000$21.85$46.78+$16.7M
SOLARIS ENERGY INFRAS INC13.67%$31.7M1,122,000$13.05$28.29+$7.4M
VIASAT INC12.58%$29.2M2,000,000$14.60$14.60+$29.2M
FLUOR CORP NEW11.79%$27.4M534,000$44.60$51.27+$8.2M
AMENTUM HOLDINGS INC10.17%$23.6M1,000,000$23.61$23.61+$23.6M

Industry Allocation

RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
+24.4%
SERVICES-BUSINESS SERVICES, NEC
+11.8%
SECONDARY SMELTING & REFINING OF NONFERROUS METALS
+9.9%
HEAVY CONSTRUCTION OTHER THAN BLDG CONST - CONTRACTORS
+9.4%
MOTOR VEHICLE PARTS & ACCESSORIES
+8.9%