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Asset Manager ← All Institutions

Thomist Capital Management, LP

Q4 2025 · Filed 2026-02-13
Market Value
$297M
+14.1%
Holdings
82
+13
New Purchases
25
Added To
20
Closed
28
Reduced
9
Top 10 Concentration
51.0%
Turnover
64.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SOC 7.19% 0.00% +7.19% $21M
CNR 6.99% 0.00% +6.99% $21M
MPC 5.30% 0.00% +5.30% $16M
AMPY 4.91% 0.00% +4.91% $15M
HBM 4.02% 0.00% +4.02% $12M
NUE 4.80% 0.94% +3.87% $14M
LIN 3.52% 0.00% +3.52% $10M
SM 3.50% 0.00% +3.50% $10M
BTEGF 3.25% 0.00% +3.25% $10M
SNCY 2.70% 0.13% +2.57% $8M
B 4.93% 2.59% +2.34% $15M
GPRE 2.45% 0.37% +2.09% $7M
KRSP 1.75% 0.00% +1.75% $5M
PSX 1.70% 0.00% +1.70% $5M
CVI 1.69% 0.00% +1.69% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VLO 0.00% 7.60% -7.60% $0
GLD 1.63% 6.54% -4.91% $5M
RIO 0.00% 4.42% -4.42% $0
KRE 1.38% 5.24% -3.86% $4M
ARIS 0.00% 3.85% -3.85% $0
DAR 4.44% 7.86% -3.43% $13M
ADM 0.00% 2.95% -2.95% $0
TSN 0.00% 2.73% -2.73% $0
BTU 0.00% 2.55% -2.55% $0
SHW 0.00% 2.47% -2.47% $0
IAG 2.79% 5.18% -2.39% $8M
STLD 0.00% 2.39% -2.39% $0
IBIT 0.00% 2.32% -2.32% $0
OLN 3.58% 5.86% -2.28% $11M
SCCO 0.00% 2.27% -2.27% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $11M 3.7%
Large Cap 29 $92M 30.9%
Mid Cap 32 $115M 38.8%
Small Cap 17 $65M 21.7%
Micro Cap 1 $15M 4.9%

Portfolio Analytics

Avg Market Cap
$63.9B
Median Market Cap
$5.4B
Avg P/E
21.4
Median P/E
17.5
Avg Dividend Yield
0.01%
Avg Beta
1.28
# Stocks
75
# ETFs / Funds
7

Top Holdings (82 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SOC 7.19% 1,818,181 $21M $11.73 +1,818,181 NEW
2 CNR 6.99% 234,000 $21M $88.63 +234,000 NEW
3 MPC 5.30% 96,100 $16M $163.55 +96,100 NEW
4 B 4.93% 330,600 $15M $44.24 $8M +127,600 +62.9%
5 AMPY 4.91% 3,147,130 $15M $4.63 +3,147,130 NEW
6 NUE 4.80% 86,500 $14M $164.80 $12M +68,600 +383.2%
7 DINO 4.80% 308,082 $14M $46.26 -$2M -4,318 -1.4%
8 DAR 4.44% 360,803 $13M $36.49 -$7M -306,544 -45.9%
9 HBM 4.02% 599,600 $12M $19.90 +599,600 NEW
10 OLN 3.58% 505,833 $11M $20.97 -$5M -117,553 -18.9%
11 LIN 3.52% 24,350 $10M $428.36 +24,350 NEW
12 SM 3.50% 552,905 $10M $18.78 +552,905 NEW
13 BTEGF 3.25% 2,980,698 $10M $3.24 +2,980,698 NEW
14 VLRS 3.01% 1,009,652 $9M $8.83 $2M +37,457 +3.9%
15 WLK 2.82% 111,900 $8M $74.75 $5M +65,700 +142.2%
16 IAG 2.79% 493,625 $8M $16.75 -$5M -556,602 -53.0%
17 SNCY 2.70% 555,935 $8M $14.39 $8M +527,635 +1864.4%
18 GPRE 2.45% 747,192 $7M $9.73 $6M +643,392 +619.8%
19 GSM 2.26% 1,450,407 $7M $4.62 $198K -44,504 -3.0%
20 KRSP 1.75% 500,000 $5M $10.39 +500,000 NEW
21 PSX 1.70% 38,900 $5M $129.56 +38,900 NEW
22 CVI 1.69% 199,200 $5M $25.24 +199,200 NEW
23 GLD 1.63% 12,150 $5M $398.89 -$12M -36,150 -74.8%
24 LUV 1.43% 102,860 $4M $41.30 $2M +47,450 +85.6%
25 KRE 1.38% 62,500 $4M $65.44 -$10M -151,800 -70.8%
26 CENX 1.34% 100,000 $4M $39.69 $2M +16,009 +19.1%
27 AESI 1.31% 407,316 $4M $9.58 +407,316 NEW
28 VTWO 1.20% 35,710 $4M $100.11 $3M +31,559 +760.3%
29 CC 0.98% 245,400 $3M $11.82 +245,400 NEW
30 LBRT 0.74% 117,713 $2M $18.69 +117,713 NEW
31 OIS 0.67% 288,084 $2M $6.88 +288,084 NEW
32 WGO 0.65% 46,700 $2M $41.12 $760K +12,385 +36.1%
33 THO 0.64% 18,360 $2M $104.16 $989K +9,540 +108.2%
34 SLV 0.61% 26,100 $2M $68.98 +26,100 NEW
35 PII 0.54% 25,048 $2M $64.46 $224K +1,657 +7.1%
36 CWH 0.54% 163,980 $2M $9.74 $347K +87,115 +113.3%
37 CPA 0.48% 11,660 $1M $120.89 $828K +6,785 +139.2%
38 SPHR 0.47% 14,270 $1M $96.77 $1M +9,280 +186.0%
39 ALB 0.41% 8,500 $1M $142.01 +8,500 NEW
40 UAL 0.36% 9,710 $1M $111.26 +9,710 NEW
41 IGV 0.34% 9,300 $995K $106.99 +9,300 NEW
42 RGR 0.25% 22,940 $746K $32.52 $361K +13,940 +154.9%
43 HUT.TO 0.21% 13,600 $629K $46.28 +13,600 NEW
44 CRWV 0.18% 7,400 $547K $73.90 +7,400 NEW
45 APLD 0.18% 21,700 $523K $24.08 $212K +7,700 +55.0%
46 ORCL 0.17% 2,600 $513K $197.21 +2,600 NEW
47 AAL 0.16% 31,580 $483K $15.30 +31,580 NEW
48 SKYW 0.16% 4,710 $476K $101.04 -$82K -835 -15.1%
49 NCLH 0.11% 14,809 $332K $22.40 $17K +2,101 +16.5%
50 EVEX 0.11% 80,880 $322K $3.99 $133K +32,284 +66.4%
51 PARR 0.10% 8,423 $299K $35.53 -$2M -45,777 -84.5%
52 LIND 0.10% 19,800 $287K $14.48 +19,800 NEW
53 EVLV 0.08% 34,090 $241K $7.08 $104K +16,690 +95.9%
54 MTN 0.08% 1,700 $226K $133.21 +1,700 NEW
55 CMC —% -$1M -22,600 -100.0% SOLD
56 CIVI —% -$2M -61,300 -100.0% SOLD
57 SCCO —% -$6M -48,700 -100.0% SOLD
58 RRC —% -$4M -115,900 -100.0% SOLD
59 SHW —% -$6M -18,700 -100.0% SOLD
60 HOG —% -$2M -57,850 -100.0% SOLD
61 STLD —% -$6M -44,770 -100.0% SOLD
62 SGML —% -$4M -570,089 -100.0% SOLD
63 ADM —% -$8M -127,300 -100.0% SOLD
64 DOOO —% -$845K -13,980 -100.0% SOLD
65 AMZN —% -$5M -22,900 -100.0% SOLD
66 RYAAY —% -$823K -14,070 -100.0% SOLD
67 LTM —% -$801K -17,945 -100.0% SOLD
68 INVX —% -$1M -60,909 -100.0% SOLD
69 RIO —% -$11M -174,400 -100.0% SOLD
70 TSN —% -$7M -131,298 -100.0% SOLD
71 EXE —% -$4M -41,900 -100.0% SOLD
72 AR —% -$2M -64,900 -100.0% SOLD
73 XHB —% -$996K -9,000 -100.0% SOLD
74 GPOR —% -$2M -11,300 -100.0% SOLD
75 VLO —% -$20M -114,900 -100.0% SOLD
76 SD —% -$666K -59,200 -100.0% SOLD
77 ARIS —% -$10M -1,018,106 -100.0% SOLD
78 IBIT —% -$6M -92,900 -100.0% SOLD
79 BTU —% -$7M -247,600 -100.0% SOLD
80 EQT —% -$2M -38,800 -100.0% SOLD
81 WBI —% -$245K -10,000 -100.0% SOLD
82 SLS.TO —% -$806K -126,800 -100.0% SOLD

New Positions

SymbolValue% Port
SOC $21M 7.19%
CNR $21M 6.99%
MPC $16M 5.30%
AMPY $15M 4.91%
HBM $12M 4.02%
LIN $10M 3.52%
SM $10M 3.50%
BTEGF $10M 3.25%
KRSP $5M 1.75%
PSX $5M 1.70%
CVI $5M 1.69%
AESI $4M 1.31%
CC $3M 0.98%
LBRT $2M 0.74%
OIS $2M 0.67%

Sold Out Positions

SymbolValue% Port
AR —%
INVX —%
CMC —%
WBI —%
RIO —%
LTM —%
SHW —%
ADM —%
HOG —%
TSN —%
EQT —%
RRC —%
SCCO —%
BTU —%
VLO —%
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