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TCM
Thoma Capital Management Portfolio holdings
AUM
$188M
1-Year Est. Return
21.1%
This Fund
S&P 500
This Quarter
Est. Return
+10.28%
1 Year Est. Return
+21.1%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$157M
AUM Growth
+$14.1M
(+9.9%)
Cap. Flow
+$1.29M
Cap. Flow
% of AUM
0.82%
Top 10 Holdings %
Top 10 Hldgs %
77.06%
Holding
60
New
1
Increased
29
Reduced
21
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.2M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$2.43M |
| 3 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$2.39M |
| 4 |
Home Depot
HD
|
+$253K |
| 5 |
CAVA Group
CAVA
|
+$252K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Health Care Select Sector SPDR ETF
XLV
|
+$5.96M |
| 2 |
iShares Russell 2000 Growth ETF
IWO
|
+$495K |
| 3 |
Pfizer
PFE
|
+$370K |
| 4 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$223K |
| 5 |
Apple
AAPL
|
+$179K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.52% |
| 2 | Consumer Discretionary | 3.07% |
| 3 | Financials | 2.73% |
| 4 | Communication Services | 2.64% |
| 5 | Energy | 2.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
AbbVie
ABBV
$431B
| $326K | 0.21% |
1,757
-225
| -11% | -$41.8K |
|
52
Qualcomm
QCOM
$171B
| $324K | 0.21% |
2,031
-44
| -2% | -$6.48K |
|
53
Digital Realty Trust
DLR
$71.7B
| $303K | 0.19% |
1,738
-141
| -8% | -$23.1K |
|
54
iShares US Technology ETF
IYW
$25.1B
| $302K | 0.19% |
1,741
| – | – |
|
55
Procter & Gamble
PG
$345B
| $277K | 0.18% |
1,739
+1
| +0.1% | +$163 |
|
|
56
Home Depot
HD
$347B
| $256K | 0.16% |
+698
| New | +$253K |
|
57
Public Service Enterprise Group
PEG
$38B
| $252K | 0.16% |
2,997
| – | – |
|
58
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $216K | 0.14% |
4,400
| – | – |
|
|
59
Pfizer
PFE
$145B
| – | – |
-14,590
| Closed | -$370K |
|
|
60
State Street Health Care Select Sector SPDR ETF
XLV
$41.8B
| – | – |
-40,797
| Closed | -$5.96M |
|
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Thoma Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Thoma Capital Management held 60 positions worth $157M, up 9.9% from $143M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Thoma Capital Management's Q2 2025 filing shows 1 new, 29 increased, 21 reduced and 2 closed positions. Its largest new stake was Home Depot: 698 shares worth $256K. The largest sale was State Street Health Care Select Sector SPDR ETF, an estimated $5.96M.
By sector, the portfolio is most concentrated in Technology at 8.5% of assets, up from 7.5% a quarter earlier, followed by Consumer Discretionary and Financials.
- Thoma Capital Management's largest Q2 2025 buy was Home Depot: 698 shares worth $256K.
- Thoma Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q2 2025, an estimated $3.2M increase.
- Thoma Capital Management's biggest Q2 2025 reduction was iShares Russell 2000 Growth ETF, cutting an estimated $495K.
- Thoma Capital Management fully exited State Street Health Care Select Sector SPDR ETF in Q2 2025, selling an estimated $5.96M.
- Thoma Capital Management's ten largest holdings make up 77% of its $157M portfolio in Q2 2025.
- Thoma Capital Management opened 1 new position and closed 2 in Q2 2025.
- Thoma Capital Management's portfolio value rose 9.9% quarter-over-quarter to $157M.
Based on Thoma Capital Management's 13F filing for Q2 2025, filed 1 Oct 2025.