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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
-2.11%
1 Year Est. Return
+21.1%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$169M
AUM Growth
-$4.48M
(-2.6%)
Cap. Flow
+$809K
Cap. Flow
% of AUM
0.48%
Top 10 Holdings %
Top 10 Hldgs %
80.22%
Holding
62
New
2
Increased
33
Reduced
19
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares S&P 500 Value ETF
IVE
|
+$2.34M |
| 2 |
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
|
+$1.73M |
| 3 |
iShares 5-10 Year Investment Grade Corporate Bond ETF
IGIB
|
+$754K |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$356K |
| 5 |
Microsoft
MSFT
|
+$298K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nuveen Preferred & Income Opportunities Fund
JPC
|
+$1.25M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$1.16M |
| 3 |
iShares Russell 2000 Growth ETF
IWO
|
+$777K |
| 4 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$658K |
| 5 |
Vanguard Russell 1000 Growth ETF
VONG
|
+$566K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 6.85% |
| 2 | Energy | 3.07% |
| 3 | Consumer Discretionary | 2.44% |
| 4 | Communication Services | 2.4% |
| 5 | Financials | 2.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Corning
GLW
$144B
| $268K | 0.16% |
+1,974
| New | +$238K |
|
52
Public Service Enterprise Group
PEG
$37.7B
| $243K | 0.14% |
2,997
| – | – |
|
|
53
Invesco QQQ Trust
QQQ
$484B
| $242K | 0.14% |
418
-1,908
| -82% | -$1.16M |
|
54
NextEra Energy
NEE
$177B
| $208K | 0.12% |
+2,242
| New | +$199K |
|
|
LEO
55
BNY Mellon Strategic Municipals
LEO
$387M
| $145K | 0.09% |
22,973
+116
| +0.5% | +$742 |
|
|
56
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| – | – |
-1,370
| Closed | -$658K |
|
57
iShares Russell Mid-Cap Growth ETF
IWP
$20.7B
| – | – |
-1,463
| Closed | -$200K |
|
|
58
Nuveen Preferred & Income Opportunities Fund
JPC
$2.89B
| – | – |
-154,498
| Closed | -$1.25M |
|
59
Lockheed Martin
LMT
$134B
| – | – |
-1,018
| Closed | -$492K |
|
|
60
Vanguard Russell 1000 Growth ETF
VONG
$45.1B
| – | – |
-4,646
| Closed | -$566K |
|
61
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.3B
| – | – |
-4,400
| Closed | -$221K |
|
62
WillScot Mobile Mini Holdings
WSC
$4.58B
| – | – |
-10,581
| Closed | -$199K |
|
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Thoma Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Thoma Capital Management held 62 positions worth $169M, down 2.6% from $174M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Thoma Capital Management's Q1 2026 filing shows 2 new, 33 increased, 19 reduced and 7 closed positions. Its largest new stake was Corning: 1,974 shares worth $268K. The largest sale was Nuveen Preferred & Income Opportunities Fund, an estimated $1.25M.
By sector, the portfolio is most concentrated in Technology at 6.8% of assets, down from 7.3% a quarter earlier, followed by Energy and Consumer Discretionary.
- Thoma Capital Management's largest Q1 2026 buy was Corning: 1,974 shares worth $268K.
- Thoma Capital Management added most to iShares S&P 500 Value ETF in Q1 2026, an estimated $2.34M increase.
- Thoma Capital Management's biggest Q1 2026 reduction was Invesco QQQ Trust, cutting an estimated $1.16M.
- Thoma Capital Management fully exited Nuveen Preferred & Income Opportunities Fund in Q1 2026, selling an estimated $1.25M.
- Thoma Capital Management's ten largest holdings make up 80% of its $169M portfolio in Q1 2026.
- Thoma Capital Management opened 2 new positions and closed 7 in Q1 2026.
- Thoma Capital Management's portfolio value fell 2.6% quarter-over-quarter to $169M.
Based on Thoma Capital Management's 13F filing for Q1 2026, filed 20 Apr 2026.