We are live on
!
Find out more
TCM
Thoma Capital Management Portfolio holdings
AUM
$188M
1-Year Est. Return
21.1%
This Fund
S&P 500
This Quarter
Est. Return
+1.32%
1 Year Est. Return
+21.1%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$174M
AUM Growth
-$509K
(-0.29%)
Cap. Flow
-$2.13M
Cap. Flow
% of AUM
-1.23%
Top 10 Holdings %
Top 10 Hldgs %
78.43%
Holding
62
New
3
Increased
19
Reduced
33
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.2M |
| 2 |
iShares S&P 500 Value ETF
IVE
|
+$3.65M |
| 3 |
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
|
+$3.5M |
| 4 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$566K |
| 5 |
iShares 0-3 Month Treasury Bond ETF
SGOV
|
+$349K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$3.05M |
| 2 |
iShares Russell 2000 Growth ETF
IWO
|
+$2.43M |
| 3 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$2.42M |
| 4 |
Nuveen Preferred & Income Opportunities Fund
JPC
|
+$2.27M |
| 5 |
Jefferies Financial Group
JEF
|
+$1.02M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.3% |
| 2 | Communication Services | 2.71% |
| 3 | Consumer Discretionary | 2.7% |
| 4 | Financials | 2.22% |
| 5 | Energy | 2.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
RTX Corp
RTX
$301B
| $339K | 0.2% |
1,847
+360
| +24% | +$62.5K |
|
52
Home Depot
HD
$349B
| $339K | 0.2% |
984
+173
| +21% | +$63.4K |
|
53
iShares US Technology ETF
IYW
$24.8B
| $302K | 0.17% |
1,514
-227
| -13% | -$45.4K |
|
54
CAVA Group
CAVA
$7.25B
| $291K | 0.17% |
4,952
-1,222
| -20% | -$68.1K |
|
55
Public Service Enterprise Group
PEG
$37.4B
| $241K | 0.14% |
2,997
| – | – |
|
56
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $221K | 0.13% |
4,400
| – | – |
|
57
CSX Corp
CSX
$93.9B
| $210K | 0.12% |
5,803
| – | – |
|
58
iShares Russell Mid-Cap Growth ETF
IWP
$20.2B
| $200K | 0.12% |
+1,463
| New | +$204K |
|
59
WillScot Mobile Mini Holdings
WSC
$4.67B
| $199K | 0.11% |
10,581
-6,605
| -38% | -$133K |
|
|
LEO
60
BNY Mellon Strategic Municipals
LEO
$384M
| $145K | 0.08% |
22,857
-79,214
| -78% | -$497K |
|
|
61
Jefferies Financial Group
JEF
$13B
| – | – |
-15,524
| Closed | -$1.02M |
|
62
Procter & Gamble
PG
$342B
| – | – |
-1,556
| Closed | -$239K |
|
Similar funds
IWAO
DC
SCGM
CCM
CQWA
AAA
DRC
BI
Thoma Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Thoma Capital Management held 62 positions worth $174M, down 0.29% from $174M the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Thoma Capital Management's Q4 2025 filing shows 3 new, 19 increased, 33 reduced and 2 closed positions. Its largest new stake was Vanguard Russell 1000 Growth ETF: 4,646 shares worth $566K. The largest sale was iShares 5-10 Year Investment Grade Corporate Bond ETF, an estimated $3.05M.
By sector, the portfolio is most concentrated in Technology at 7.3% of assets, down from 8.2% a quarter earlier, followed by Communication Services and Consumer Discretionary.
- Thoma Capital Management's largest Q4 2025 buy was Vanguard Russell 1000 Growth ETF: 4,646 shares worth $566K.
- Thoma Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2025, an estimated $4.2M increase.
- Thoma Capital Management's biggest Q4 2025 reduction was iShares 5-10 Year Investment Grade Corporate Bond ETF, cutting an estimated $3.05M.
- Thoma Capital Management fully exited Jefferies Financial Group in Q4 2025, selling an estimated $1.02M.
- Thoma Capital Management's ten largest holdings make up 78% of its $174M portfolio in Q4 2025.
- Thoma Capital Management opened 3 new positions and closed 2 in Q4 2025.
- Thoma Capital Management's portfolio value fell 0.29% quarter-over-quarter to $174M.
Based on Thoma Capital Management's 13F filing for Q4 2025, filed 8 Jan 2026.