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Thoma Capital Management Portfolio holdings

AUM $188M
1-Year Est. Return 21.1%
This Fund
S&P 500
This Quarter Est. Return
+6.74%
1 Year Est. Return
+21.1%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$174M
AUM Growth
+$17M
Cap. Flow
+$6.98M
Cap. Flow %
4.01%
Top 10 Hldgs %
77.93%
Holding
60
New
2
Increased
29
Reduced
24
Closed
1

Top Buys

Rank Stock Value
1
IGIB icon
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
+$3.55M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$3.14M
3
IVE icon
iShares S&P 500 Value ETF
IVE
+$1.73M
4
RTX icon
RTX Corp
RTX
+$231K
5
CSX icon
CSX Corp
CSX
+$198K

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$446K
2
IWO icon
iShares Russell 2000 Growth ETF
IWO
+$425K
3
QCOM icon
Qualcomm
QCOM
+$324K
4
XLK icon
State Street Technology Select Sector SPDR ETF
XLK
+$238K
5
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$127K

Sector Composition

Rank Sector Weight
1 Technology 8.17%
2 Consumer Discretionary 2.86%
3 Financials 2.79%
4 Communication Services 2.59%
5 Industrials 2.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IYW icon
51
iShares US Technology ETF
IYW
$24.8B
$341K 0.2%
1,741
– –
HD icon
52
Home Depot
HD
$349B
$329K 0.19%
811
+113
+16% +$44.4K
V icon
53
Visa
V
$692B
$327K 0.19%
958
-23
-2% -$7.96K
DLR icon
54
Digital Realty Trust
DLR
$71.3B
$303K 0.17%
1,753
+15
+0.9% +$2.56K
PEG icon
55
Public Service Enterprise Group
PEG
$37.4B
$250K 0.14%
2,997
– –
RTX icon
56
RTX Corp
RTX
$301B
$249K 0.14%
+1,487
New +$231K
PG icon
57
Procter & Gamble
PG
$342B
$239K 0.14%
1,556
-183
-11% -$28.6K
VTEB icon
58
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
$220K 0.13%
4,400
– –
CSX icon
59
CSX Corp
CSX
$93.9B
$206K 0.12%
+5,803
New +$198K
QCOM icon
60
Qualcomm
QCOM
$168B
– –
-2,031
Closed -$324K
1 2
3

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CCM
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CQWA
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AAA
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DRC
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Thoma Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Thoma Capital Management held 60 positions worth $174M, up 11% from $157M the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Thoma Capital Management deployed $6.98M of net new capital in Q3 2025, opening 2 new positions and adding to 29 existing holdings. Its largest new stake was RTX Corp: 1,487 shares worth $249K.

By sector, the portfolio is most concentrated in Technology at 8.2% of assets, down from 8.5% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Apple, an estimated $446K trimmed.

  • Thoma Capital Management's largest Q3 2025 buy was RTX Corp: 1,487 shares worth $249K.
  • Thoma Capital Management added most to iShares 5-10 Year Investment Grade Corporate Bond ETF in Q3 2025, an estimated $3.55M increase.
  • Thoma Capital Management's biggest Q3 2025 reduction was Apple, cutting an estimated $446K.
  • Thoma Capital Management fully exited Qualcomm in Q3 2025, selling an estimated $324K.
  • Thoma Capital Management's ten largest holdings make up 78% of its $174M portfolio in Q3 2025.
  • Thoma Capital Management opened 2 new positions and closed 1 in Q3 2025.
  • Thoma Capital Management's portfolio value rose 11% quarter-over-quarter to $174M.

Based on Thoma Capital Management's 13F filing for Q3 2025, filed 21 Oct 2025.