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Thomist Capital Management, LP

Q2 2025 · Filed 2025-08-13
Market Value
$122M
-36.6%
Holdings
53
-7
New Purchases
22
Added To
5
Closed
20
Reduced
6
Top 10 Concentration
67.1%
Turnover
79.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMC 12.30% 0.00% +12.30% $15M
DK 10.73% 0.00% +10.73% $13M
AA 6.10% 0.00% +6.10% $7M
IPX 4.80% 0.00% +4.80% $6M
TSN 4.96% 0.50% +4.46% $6M
HBM 11.02% 6.75% +4.26% $13M
OLN 4.24% 0.00% +4.24% $5M
MTDR 3.53% 0.00% +3.53% $4M
PARR 4.20% 0.83% +3.37% $5M
CENX 3.29% 0.36% +2.93% $4M
TKR 2.52% 0.00% +2.52% $3M
IAG 2.32% 0.00% +2.32% $3M
WLK 4.48% 2.38% +2.10% $5M
LBRT 2.01% 0.00% +2.01% $2M
VOO 1.31% 0.00% +1.31% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SPY 0.00% 9.96% -9.96% $0
SOC 0.00% 7.99% -7.99% $0
DINO 2.39% 9.45% -7.06% $3M
GPOR 0.00% 4.25% -4.25% $0
CTVA 0.00% 4.13% -4.13% $0
NUE 0.00% 4.04% -4.04% $0
ADM 0.00% 3.78% -3.78% $0
STLD 0.00% 3.54% -3.54% $0
CRGY 0.00% 3.36% -3.36% $0
CNR 0.00% 3.36% -3.36% $0
MPC 0.00% 3.30% -3.30% $0
X 0.00% 3.20% -3.20% $0
DIA 0.00% 3.03% -3.03% $0
LYB 0.00% 2.54% -2.54% $0
ASTL 0.00% 2.20% -2.20% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $2M 1.3%
Large Cap 17 $28M 23.0%
Mid Cap 22 $76M 62.5%
Small Cap 9 $15M 12.0%
Micro Cap 3 $1M 1.1%

Portfolio Analytics

Avg Market Cap
$60.3B
Median Market Cap
$6.8B
Avg P/E
28.1
Median P/E
20.9
Avg Dividend Yield
0.02%
Avg Beta
1.16
# Stocks
46
# ETFs / Funds
7

Top Holdings (53 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CMC 12.30% 298,871 $15M $50.02 +298,871 NEW
2 HBM 11.02% 1,268,513 $13M $10.56 $440K -416,187 -24.7%
3 DK 10.73% 615,907 $13M $21.19 +615,907 NEW
4 AA 6.10% 260,437 $7M $28.47 +260,437 NEW
5 TSN 4.96% 109,100 $6M $55.24 $5M +93,845 +615.2%
6 IPX 4.80% 1,885,203 $6M $3.10 +1,885,203 NEW
7 WLK 4.48% 71,600 $5M $76.14 $882K +25,500 +55.3%
8 GSM 4.27% 1,418,951 $5M $3.66 -$2M -580,817 -29.0%
9 OLN 4.24% 252,331 $5M $20.43 +252,331 NEW
10 PARR 4.20% 192,131 $5M $26.60 $4M +80,342 +71.9%
11 GLD 3.64% 14,700 $4M $301.22 -$5M -18,240 -55.4%
12 MTDR 3.53% 88,952 $4M $48.22 +88,952 NEW
13 CENX 3.29% 221,746 $4M $18.05 $3M +184,100 +489.0%
14 DAR 3.07% 98,059 $4M $38.12 -$5M -192,541 -66.3%
15 TKR 2.52% 41,800 $3M $73.21 +41,800 NEW
16 DINO 2.39% 70,604 $3M $41.16 -$15M -477,830 -87.1%
17 IAG 2.32% 398,400 $3M $7.08 +398,400 NEW
18 LBRT 2.01% 210,700 $2M $11.61 +210,700 NEW
19 SGML 1.65% 433,914 $2M $4.62 -$3M -10,066 -2.3%
20 VOO 1.31% 2,812 $2M $566.95 +2,812 NEW
21 PEJ 1.15% 24,600 $1M $56.75 +24,600 NEW
22 IREN 0.77% 67,000 $938K $14.00 +67,000 NEW
23 SM 0.77% 37,100 $931K $25.10 +37,100 NEW
24 RIOT 0.71% 82,200 $867K $10.55 +82,200 NEW
25 LUV 0.70% 26,500 $852K $32.16 +26,500 NEW
26 INVX 0.63% 48,609 $761K $15.66 $394K +28,100 +137.0%
27 WGO 0.49% 20,500 $598K $29.17 +20,500 NEW
28 SNCY 0.42% 42,700 $507K $11.87 +42,700 NEW
29 CWH 0.41% 27,400 $495K $18.08 +27,400 NEW
30 THO 0.40% 5,400 $484K $89.72 +5,400 NEW
31 DOOO 0.29% 7,400 $357K $48.30 +7,400 NEW
32 PII 0.25% 7,500 $307K $40.94 +7,500 NEW
33 SPHR 0.17% 5,000 $212K $42.47 +5,000 NEW
34 SLV —% -$3M -106,590 -100.0% SOLD
35 SOC —% -$15M -591,500 -100.0% SOLD
36 GPOR —% -$8M -44,566 -100.0% SOLD
37 DIA —% -$6M -14,000 -100.0% SOLD
38 CRGY —% -$6M -579,150 -100.0% SOLD
39 ADM —% -$7M -151,300 -100.0% SOLD
40 X —% -$6M -142,600 -100.0% SOLD
41 LYB —% -$5M -69,700 -100.0% SOLD
42 CNR —% -$6M -83,500 -100.0% SOLD
43 CTVA —% -$8M -129,700 -100.0% SOLD
44 ATLX —% -$514K -96,956 -100.0% SOLD
45 ASTL —% -$4M -737,877 -100.0% SOLD
46 SPY —% -$19M -34,400 -100.0% SOLD
47 IBIT —% -$923K -19,400 -100.0% SOLD
48 PPC —% -$3M -58,700 -100.0% SOLD
49 NUE —% -$8M -63,518 -100.0% SOLD
50 MPC —% -$6M -44,000 -100.0% SOLD
51 STLD —% -$7M -54,818 -100.0% SOLD
52 BRY —% -$119K -37,499 -100.0% SOLD
53 VTLE —% -$1M -51,636 -100.0% SOLD

New Positions

SymbolValue% Port
CMC $15M 12.30%
DK $13M 10.73%
AA $7M 6.10%
IPX $6M 4.80%
OLN $5M 4.24%
MTDR $4M 3.53%
TKR $3M 2.52%
IAG $3M 2.32%
LBRT $2M 2.01%
VOO $2M 1.31%
PEJ $1M 1.15%
IREN $938K 0.77%
SM $931K 0.77%
RIOT $867K 0.71%
LUV $852K 0.70%

Sold Out Positions

SymbolValue% Port
CNR —%
LYB —%
ADM —%
CTVA —%
MPC —%
NUE —%
SOC —%
CRGY —%
GPOR —%
ATLX —%
IBIT —%
SPY —%
DIA —%
ASTL —%
PPC —%
View SEC EDGAR Filings for Thomist Capital Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms