We are live on ! Find out more
TCM

Thomist Capital Management Portfolio holdings

AUM $371M
1-Year Est. Return 77.62%
This Fund
S&P 500
This Quarter Est. Return
+16.75%
1 Year Est. Return
+77.62%
3 Year Est. Return
+71.6%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$269M
AUM Growth
+$15.3M
Cap. Flow
+$9.12M
Cap. Flow %
3.39%
Top 10 Hldgs %
70.79%
Holding
69
New
31
Increased
5
Reduced
7
Closed
26

Top Buys

Rank Stock Value
1
IPX
IperionX
IPX
+$42.5M
2
CMC icon
Commercial Metals
CMC
+$13.8M
3
DK icon
Delek US
DK
+$10.3M
4
METC icon
Ramaco Resources Class A
METC
+$8.65M
5
AA icon
Alcoa
AA
+$7.03M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$19.1M
2
DINO icon
HF Sinclair
DINO
+$16.5M
3
SOC icon
Sable Offshore Corp
SOC
+$15.3M
4
GPOR icon
Gulfport Energy Corp
GPOR
+$8.16M
5
SDRL icon
Seadrill
SDRL
+$7.99M

Sector Composition

Rank Sector Weight
1 Energy 23.29%
2 Materials 23.16%
3 Industrials 7.2%
4 Consumer Staples 3.63%
5 Consumer Discretionary 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTVA icon
51
Corteva
CTVA
$51.3B
– –
-129,700
Closed -$7.92M
DAR icon
52
CALL
Darling Ingredients
DAR
$9.62B
– –
-100,000
Closed -$3.28M
DIA icon
53
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.3B
– –
-14,000
Closed -$5.82M
GPOR icon
54
Gulfport Energy Corp
GPOR
$2.8B
– –
-44,566
Closed -$8.16M
IBIT icon
55
iShares Bitcoin Trust
IBIT
$47.4B
– –
-19,400
Closed -$923K
LYB icon
56
LyondellBasell Industries
LYB
$19.8B
– –
-69,700
Closed -$4.87M
MPC icon
57
Marathon Petroleum
MPC
$84B
– –
-44,000
Closed -$6.34M
NUE icon
58
Nucor
NUE
$61.9B
– –
-63,518
Closed -$7.75M
PPC icon
59
Pilgrim's Pride
PPC
$6.56B
– –
-58,700
Closed -$3.13M
SLV icon
60
iShares Silver Trust
SLV
$29.8B
– –
-106,590
Closed -$3.3M
SPY icon
61
State Street SPDR S&P 500 ETF Trust
SPY
$818B
– –
-34,400
Closed -$19.1M
STLD icon
62
Steel Dynamics
STLD
$37.5B
– –
-54,818
Closed -$6.8M
VTLE
63
CALL
DELISTED
Vital Energy
VTLE
– –
-50,000
Closed -$699K
VTLE
64
DELISTED
Vital Energy
VTLE
– –
-51,636
Closed -$1.11M
X
65
CALL
DELISTED
US Steel
X
– –
-15,100
Closed -$641K
X
66
DELISTED
US Steel
X
– –
-142,600
Closed -$6.13M
SOC icon
67
CALL
Sable Offshore Corp
SOC
$918M
– –
-500,000
Closed -$9.85M
SOC icon
68
Sable Offshore Corp
SOC
$918M
– –
-591,500
Closed -$15.3M
CNR
69
Core Natural Resources Inc
CNR
$4.54B
– –
-83,500
Closed -$6.44M
1 2
3

Similar funds

PAA
Peregrine Asset Advisers Portland, Oregon $371M AUM 41.36% 1-Year Est. Return
KP
Kiltearn Partners Edinburgh, United Kingdom $372M AUM 18.16% 1-Year Est. Return
PC
Prevatt Capital Nassau, Bahamas $371M AUM 9.39% 1-Year Est. Return
SAAM
Solus Alternative Asset Management Summit, New Jersey $372M AUM 45.33% 1-Year Est. Return
OCMH
Oxbow Capital Management (HK) Hong Kong $371M AUM 383.45% 1-Year Est. Return
PC
Promethos Capital Boston, Massachusetts $372M AUM 23.19% 1-Year Est. Return
BOCH
Blue Owl Capital Holdings New York $372M AUM 78.25% 1-Year Est. Return
GIP
Gavilan Investment Partners Burlingame, California $372M AUM 6.04% 1-Year Est. Return

Thomist Capital Management's Q2 2025 Portfolio in Review

As of Q2 2025, Thomist Capital Management held 69 positions worth $269M, up 6% from $254M the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Thomist Capital Management deployed $9.12M of net new capital in Q2 2025, opening 31 new positions and adding to 5 existing holdings. Its largest new stake was IperionX: 1,885,203 shares worth $5.84M.

By sector, the portfolio is most concentrated in Energy at 23% of assets, down from 41% a quarter earlier, followed by Materials and Industrials.

On the sell side, the largest reduction was HF Sinclair, an estimated $16.5M trimmed.

  • Thomist Capital Management's largest Q2 2025 buy was IperionX: 1,885,203 shares worth $5.84M.
  • Thomist Capital Management added most to Tyson Foods in Q2 2025, an estimated $5.39M increase.
  • Thomist Capital Management's biggest Q2 2025 reduction was HF Sinclair, cutting an estimated $16.5M.
  • Thomist Capital Management fully exited State Street SPDR S&P 500 ETF Trust in Q2 2025, selling an estimated $19.1M.
  • Thomist Capital Management's ten largest holdings make up 71% of its $269M portfolio in Q2 2025.
  • Thomist Capital Management opened 31 new positions and closed 26 in Q2 2025.
  • Thomist Capital Management's portfolio value rose 6% quarter-over-quarter to $269M.

Based on Thomist Capital Management's 13F filing for Q2 2025, filed 13 Aug 2025.