Brightline Capital Management, LLC
Brightline Capital Management, LLC, managed by Nick Khera, reported 11 positions worth $461.53M in its 2026 Q2 13F filing: 4 new and 2 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +234.6% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +32.2% | +11.4% |
| 2025 Q3 | +33.1% | +7.6% |
| 2025 Q4 | +16.3% | +3.1% |
| 2026 Q1 | +22.4% | -5.8% |
| 2026 Q2 | +33.6% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| VSAT | VIASAT INC | $189.68M | 41.10% | +0.6% |
| CSTM | CONSTELLIUM SE | $61.29M | 13.30% | +4.1% |
| RRX | REGAL REXNORD CORPORATION | $38.82M | 8.40% | +30.4% |
| FLR | FLUOR CORP | $37.88M | 8.20% | +20.3% |
| ECVT | ECOVYST INC | $37.50M | 8.10% | +7.6% |
| DAN | DANA INC | $31.56M | 6.80% | +0.9% |
| HRI | HERC HLDGS INC | $20.35M | 4.40% | NEW |
| TGB | TREKOR METALS LTD | $15.14M | 3.30% | +17.2% |
| OC | OWENS CORNING NEW | $12.72M | 2.80% | NEW |
| WSC | WILLSCOT HLDGS CORP | $9.87M | 2.10% | NEW |
| ASTL | ALGOMA STL GROUP INC | $6.72M | 1.50% | NEW |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.