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Asset Manager ← All Institutions

Thomist Capital Management, LP

Q3 2025 · Filed 2025-11-14
Market Value
$260M
+114.0%
Holdings
69
+16
New Purchases
36
Added To
15
Closed
12
Reduced
6
Top 10 Concentration
55.8%
Turnover
69.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VLO 7.60% 0.00% +7.60% $20M
KRE 5.24% 0.00% +5.24% $14M
DAR 7.86% 3.07% +4.79% $20M
RIO 4.42% 0.00% +4.42% $11M
DINO 6.30% 2.39% +3.91% $16M
ARIS 3.85% 0.00% +3.85% $10M
ADM 2.95% 0.00% +2.95% $8M
GLD 6.54% 3.64% +2.90% $17M
IAG 5.18% 2.32% +2.86% $13M
B 2.59% 0.00% +2.59% $7M
BTU 2.55% 0.00% +2.55% $7M
VLRS 2.55% 0.00% +2.55% $7M
SHW 2.47% 0.00% +2.47% $6M
STLD 2.39% 0.00% +2.39% $6M
IBIT 2.32% 0.00% +2.32% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CMC 0.50% 12.30% -11.80% $1M
HBM 0.00% 11.02% -11.02% $0
DK 0.00% 10.73% -10.73% $0
AA 0.00% 6.10% -6.10% $0
IPX 0.00% 4.80% -4.80% $0
MTDR 0.00% 3.53% -3.53% $0
PARR 0.75% 4.20% -3.46% $2M
WLK 1.37% 4.48% -3.12% $4M
TKR 0.00% 2.52% -2.52% $0
CENX 0.95% 3.29% -2.34% $2M
TSN 2.73% 4.96% -2.22% $7M
LBRT 0.00% 2.01% -2.01% $0
GSM 2.50% 4.27% -1.77% $7M
VOO 0.00% 1.31% -1.31% $0
PEJ 0.00% 1.15% -1.15% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 2 $5M 2.0%
Large Cap 23 $130M 49.9%
Mid Cap 29 $102M 39.2%
Small Cap 14 $23M 9.0%
Micro Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$83.6B
Median Market Cap
$6.4B
Avg P/E
21.6
Median P/E
17.5
Avg Dividend Yield
0.01%
Avg Beta
1.26
# Stocks
62
# ETFs / Funds
7

Top Holdings (69 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DAR 7.86% 667,347 $20M $30.65 $17M +569,288 +580.6%
2 VLO 7.60% 114,900 $20M $172.14 +114,900 NEW
3 GLD 6.54% 48,300 $17M $352.46 $13M +33,600 +228.6%
4 DINO 6.30% 312,400 $16M $52.48 $13M +241,796 +342.5%
5 OLN 5.86% 623,386 $15M $24.44 $10M +371,055 +147.1%
6 KRE 5.24% 214,300 $14M $63.57 +214,300 NEW
7 IAG 5.18% 1,050,227 $13M $12.83 $11M +651,827 +163.6%
8 RIO 4.42% 174,400 $11M $65.92 +174,400 NEW
9 ARIS 3.85% 1,018,106 $10M $9.82 +1,018,106 NEW
10 ADM 2.95% 127,300 $8M $60.31 +127,300 NEW
11 TSN 2.73% 131,298 $7M $54.17 $1M +22,198 +20.4%
12 B 2.59% 203,000 $7M $33.14 +203,000 NEW
13 BTU 2.55% 247,600 $7M $26.81 +247,600 NEW
14 VLRS 2.55% 972,195 $7M $6.82 +972,195 NEW
15 GSM 2.50% 1,494,911 $7M $4.35 $1M +75,960 +5.3%
16 SHW 2.47% 18,700 $6M $342.92 +18,700 NEW
17 STLD 2.39% 44,770 $6M $138.88 +44,770 NEW
18 IBIT 2.32% 92,900 $6M $64.97 +92,900 NEW
19 SCCO 2.27% 48,700 $6M $121.09 +48,700 NEW
20 AMZN 1.96% 22,900 $5M $222.17 +22,900 NEW
21 EXE 1.72% 41,900 $4M $106.81 +41,900 NEW
22 RRC 1.67% 115,900 $4M $37.38 +115,900 NEW
23 SGML 1.49% 570,089 $4M $6.80 $2M +136,175 +31.4%
24 WLK 1.37% 46,200 $4M $77.02 -$2M -25,400 -35.5%
25 CENX 0.95% 83,991 $2M $29.39 -$2M -137,755 -62.1%
26 NUE 0.94% 17,900 $2M $136.08 +17,900 NEW
27 AR 0.84% 64,900 $2M $33.55 +64,900 NEW
28 EQT 0.81% 38,800 $2M $54.46 +38,800 NEW
29 CIVI 0.78% 61,300 $2M $33.25 +61,300 NEW
30 GPOR 0.78% 11,300 $2M $180.18 +11,300 NEW
31 PARR 0.75% 54,200 $2M $35.79 -$3M -137,931 -71.8%
32 LUV 0.70% 55,410 $2M $32.64 $956K +28,910 +109.1%
33 HOG 0.64% 57,850 $2M $28.59 +57,850 NEW
34 PII 0.53% 23,391 $1M $59.46 $1M +15,891 +211.9%
35 CMC 0.50% 22,600 $1M $57.30 -$14M -276,271 -92.4%
36 CWH 0.48% 76,865 $1M $16.26 $755K +49,465 +180.5%
37 WGO 0.45% 34,315 $1M $33.82 $562K +13,815 +67.4%
38 INVX 0.43% 60,909 $1M $18.40 $360K +12,300 +25.3%
39 XHB 0.38% 9,000 $996K $110.63 +9,000 NEW
40 GPRE 0.37% 103,800 $950K $9.15 +103,800 NEW
41 THO 0.36% 8,820 $924K $104.71 $439K +3,420 +63.3%
42 DOOO 0.32% 13,980 $845K $60.41 $487K +6,580 +88.9%
43 RYAAY 0.32% 14,070 $823K $58.51 +14,070 NEW
44 SLS.TO 0.31% 126,800 $806K $6.35 +126,800 NEW
45 LTM 0.31% 17,945 $801K $44.65 +17,945 NEW
46 SD 0.26% 59,200 $666K $11.25 +59,200 NEW
47 CPA 0.22% 4,875 $581K $119.24 +4,875 NEW
48 SKYW 0.21% 5,545 $558K $100.69 +5,545 NEW
49 VTWO 0.16% 4,151 $405K $97.67 +4,151 NEW
50 RGR 0.15% 9,000 $385K $42.77 +9,000 NEW
51 SNCY 0.13% 28,300 $339K $11.97 -$168K -14,400 -33.7%
52 NCLH 0.12% 12,708 $315K $24.75 +12,708 NEW
53 APLD 0.12% 14,000 $310K $22.15 +14,000 NEW
54 SPHR 0.12% 4,990 $310K $62.12 $98K -10 -0.2%
55 WBI 0.09% 10,000 $245K $24.52 +10,000 NEW
56 EVEX 0.07% 48,596 $189K $3.89 +48,596 NEW
57 EVLV 0.05% 17,400 $137K $7.90 +17,400 NEW
58 VOO —% -$2M -2,812 -100.0% SOLD
59 IREN —% -$938K -67,000 -100.0% SOLD
60 LBRT —% -$2M -210,700 -100.0% SOLD
61 HBM —% -$13M -1,268,513 -100.0% SOLD
62 RIOT —% -$867K -82,200 -100.0% SOLD
63 IPX —% -$6M -1,885,203 -100.0% SOLD
64 DK —% -$13M -615,907 -100.0% SOLD
65 TKR —% -$3M -41,800 -100.0% SOLD
66 PEJ —% -$1M -24,600 -100.0% SOLD
67 AA —% -$7M -260,437 -100.0% SOLD
68 SM —% -$931K -37,100 -100.0% SOLD
69 MTDR —% -$4M -88,952 -100.0% SOLD

Options Breakdown

6 Calls $0 Call Value 0 Puts $0 Put Value

Top Calls

SymbolSharesValueStatus
OLN $0 SOLD
ASTL $0 SOLD
PARR $0 SOLD
DK $0 SOLD
AA $0 SOLD
RUN $0 SOLD

New Positions

SymbolValue% Port
VLO $20M 7.60%
KRE $14M 5.24%
RIO $11M 4.42%
ARIS $10M 3.85%
ADM $8M 2.95%
B $7M 2.59%
BTU $7M 2.55%
VLRS $7M 2.55%
SHW $6M 2.47%
STLD $6M 2.39%
IBIT $6M 2.32%
SCCO $6M 2.27%
AMZN $5M 1.96%
EXE $4M 1.72%
RRC $4M 1.67%

Sold Out Positions

SymbolValue% Port
MTDR —%
AA —%
DK —%
LBRT —%
HBM —%
TKR —%
SM —%
IPX —%
IREN —%
RIOT —%
VOO —%
PEJ —%
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