Institutional Manager · CIK 0001767809
Thomist Capital Management, LP
Houston, TX · File #028-21786
Latest AUM
$471.0M
Positions
65
Top-10 Concentration
53.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | NUTRIEN LTD | 67077M958 | -813,000 | -$47.7M | $0 |
| NEW | SPDR S&P 500 ETF TR | SPY | +50,000 | +$34.1M | $0 |
| REDUCE | SPDR SERIES TRUST | 78464A908 | -521,100 | -$33.8M | +$1.3M |
| EXITED | SPDR S&P 500 ETF TR | 78462F953 | -50,000 | -$33.3M | $0 |
| NEW | ORACLE CORP | ORCL-PD | +146,500 | +$28.6M | $0 |
| NEW | SABLE OFFSHORE CORP | SOC | +1,818,181 | +$21.3M | $0 |
| REDUCE | BUNGE GLOBAL SA | BG | -233,064 | -$20.8M | +$1.9M |
| NEW | CORE NATURAL RESOURCES INC | CNR | +234,000 | +$20.7M | $0 |
| EXITED | VALERO ENERGY CORP | 91913Y100 | -114,900 | -$19.8M | $0 |
| ADD | SEADRILL LTD | SDRL | +566,419 | +$19.6M | +$5.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202565 pos · $471.0M
- 13F HOLDINGS REPORTQ/E Sep 202576 pos · $506.3M
- 13F HOLDINGS REPORTQ/E Jun 202543 pos · $269.1M
- 13F HOLDINGS REPORTQ/E Mar 202538 pos · $253.7M
- 13F HOLDINGS REPORTQ/E Dec 202450 pos · $384.6M
- 13F HOLDINGS REPORTQ/E Sep 202429 pos · $510.2M
- 13F HOLDINGS REPORTQ/E Jun 202437 pos · $280.3M
- 13F HOLDINGS REPORTQ/E Mar 202427 pos · $243.5M
- 13F HOLDINGS REPORTQ/E Dec 202325 pos · $161.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SEADRILL LTD | SDRL | 1,835,718 | $63.4M | 13.65% |
| 2 | SPDR S&P 500 ETF TR | SPY | 50,000 | $34.1M | 7.34% |
| 3 | ORACLE CORP | ORCL-PD | 146,500 | $28.6M | 6.15% |
| 4 | SPDR SERIES TRUST | 78464A908 | 348,900 | $22.6M | 4.87% |
| 5 | SABLE OFFSHORE CORP | SOC | 1,818,181 | $21.3M | 4.59% |
| 6 | CORE NATURAL RESOURCES INC | CNR | 234,000 | $20.7M | 4.47% |
| 7 | MARATHON PETE CORP | MARA | 96,100 | $15.7M | 3.38% |
| 8 | BARRICK MNG CORP | 06849F108 | 330,600 | $14.6M | 3.15% |
| 9 | AMPLIFY ENERGY CORP NEW | AMPY | 3,147,130 | $14.6M | 3.14% |
| 10 | NUCOR CORP | NUE | 86,500 | $14.3M | 3.07% |
| 11 | HF SINCLAIR CORP | DINO | 308,082 | $14.3M | 3.07% |
| 12 | DARLING INGREDIENTS INC | DAR | 360,803 | $13.2M | 2.83% |
| 13 | HUDBAY MINERALS INC | HBM | 599,600 | $11.9M | 2.57% |
| 14 | OLIN CORP | OLN | 505,833 | $10.6M | 2.28% |
| 15 | LINDE PLC | LIN | 24,350 | $10.4M | 2.25% |
| 16 | SM ENERGY CO | SM | 552,905 | $10.4M | 2.24% |
| 17 | BAYTEX ENERGY CORP | BTE | 2,980,698 | $9.7M | 2.08% |
| 18 | ISHARES BITCOIN TRUST ETF | IBIT | 180,000 | $8.9M | 1.92% |
| 19 | CONTROLADORA VUELA COMP DE A | 21240E105 | 1,009,652 | $8.9M | 1.92% |
| 20 | WESTLAKE CORPORATION | WLK | 111,900 | $8.4M | 1.80% |