Thomist Capital Management, LP

CIK

1767809

Location

Houston, TX

Portfolio Value

Small $266,104,591

Diversification

Diversified

Filing Date

Global Rank

#5,591 / 8,818 ▼ 644

Top Industry

Oil & Gas Midstream 13.5%

3Y Alpha vs SPY

-10.7%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 70.5% of the book (60%+)

Turnover

High turnover

226.7% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.3 quarters (under 4)

Closest benchmark: the Russell 2000 as of 2026-06-30, active share 98.5%; sector active share 79.0% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

38 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

11.6%

−0.7 pts

Top 5

45.4%

+5.0 pts

Top 10

70.5%

+8.5 pts

HHI

606

Diversified+85

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Energy	38.1%	$101,511,655	15
Basic Materials	35.3%	$93,805,993	11
Industrials	12.8%	$33,933,578	5
Consumer Defensive	11.6%	$30,920,054	1
Financial Services	1.3%	$3,447,810	2
Technology	0.9%	$2,485,501	4

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
DHT	DHT Holdings, Inc.	+1,147,399	1,389,095	$22,961,740
ARIS	Aris Mining Corp	+603,649	1,751,221	$26,110,705
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V.	+215,620	1,754,714	$16,441,670
BTU	Peabody Energy Corp	+190,879	422,432	$9,766,627
ECO	Okeanis Eco Tankers Corp.	+78,822	133,922	$6,712,170
CNR	Core Natural Resources, Inc.	+41,733	266,532	$21,327,890
RNGR	Ranger Energy Services, Inc.	+39,579	113,460	$1,816,494
SLSR	Solaris Resources Inc.	+27,728	182,360	$1,528,176
WLK	Westlake Corp	+23,200	96,200	$7,022,600
PARR	Par Pacific Holdings, Inc.	+21,310	66,060	$3,704,644
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
DINO	HF Sinclair Corp	−469,027	97,063	$6,760,437
DK	Delek US Holdings, Inc.	−170,637	202,300	$10,278,863
GSM	Ferroglobe PLC	−161,547	922,217	$2,932,650
RIOT	Riot Platforms, Inc.	−30,900	36,600	$1,002,108
RYAAY	Ryanair Holdings PLC	−20,610	34,370	$2,225,457
FF	FutureFuel Corp.	−20,156	74,727	$337,766
HUT	Hut 8 Corp.	−8,390	21,185	$2,445,702
No positions match the current search.

New Positions

Positions the filer opened this quarter

21 positions

Ticker	Company	Shares	Value
DAR	Darling Ingredients Inc.	566,094	$30,920,054
GPRE	Green Plains Inc.	1,270,612	$19,542,012
HBM	Hudbay Minerals Inc.	734,227	$17,335,099
FRO	Frontline plc	369,740	$12,863,254
IAG	Iamgold Corp	404,362	$6,405,094
PPG	Ppg Industries Inc	45,100	$5,470,179
UAL	United Airlines Holdings, Inc.	36,990	$5,030,270
TGB	Trekor Metals Ltd	608,925	$4,189,404
MTDR	Matador Resources Co	80,200	$3,992,356
AAL	American Airlines Group Inc.	195,020	$3,524,011
HMH	HMH Holding Inc	158,161	$2,963,937
CC	Chemours Co	142,900	$2,932,308
CVI	Cvr Energy Inc	93,326	$2,570,198
EROK	EagleRock Land, LLC	70,000	$1,487,500
MU	Micron Technology Inc	830	$958,060
GLND	Greenland Energy Co	276,500	$608,300
CBRS	Cerebras Systems Inc.	2,700	$596,700
KEEL	Keel Infrastructure Corp.	82,800	$475,272
BTDR	Bitdeer Technologies Group	28,700	$455,469
GLNDW	Greenland Energy Co	265,000	$225,250
SOC	Sable Offshore Corp.	59,794	$184,165
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
STLD	Steel Dynamics Inc	105,300	$18,954,000
SSRM	Ssr Mining Inc.	548,900	$16,137,660
EQX	Equinox Gold Corp.	890,919	$12,882,688
PR	Permian Resources Corp	511,346	$10,901,896
LUV	Southwest Airlines Co	288,001	$10,820,197
VOO	VANGUARD 500 INDEX FUND	17,000	$10,158,350
RGLD	Royal Gold Inc	37,262	$9,482,806
BTE	Baytex Energy Corp.	1,885,306	$8,427,317
EMN	Eastman Chemical Co	84,700	$6,464,304
STNG	Scorpio Tankers Inc.	61,855	$4,618,094
OLN	OLIN Corp	134,000	$3,983,820
PII	Polaris Inc.	68,785	$3,748,782
CWH	Camping World Holdings, Inc.	457,270	$3,123,154
DOO	BRP Inc.	40,085	$2,878,503
HOG	Harley-Davidson, Inc.	140,600	$2,842,932
KOS	Kosmos Energy Ltd.	927,209	$2,577,641
OGG	Osisko Gold Group Inc.	790,000	$2,567,500
LNG	Cheniere Energy, Inc.	8,100	$2,298,456
NAT	NORDIC AMERICAN TANKERS Ltd	338,900	$1,985,954
NVDA	Nvidia Corp	8,140	$1,419,616
ALK	Alaska Air Group, Inc.	28,430	$1,045,655
XPRO	Expro Ltd	54,600	$950,586
AMPY	Amplify Energy Corp.	130,842	$816,454
IREN	IREN Ltd	20,500	$702,740
INR	Infinity Natural Resources, Inc.	11,770	$207,269
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

38 tracked positions · $266,104,591 total · filing declares 45 positions · $314,577,461 · as of Jun 30, 2026

All sectors Basic Materials Consumer Defensive Energy Financial Services Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DAR	Darling Ingredients Inc. Consumer Defensive	NEW	566,094	NEW	$30,920,054	NEW	1	$59.68	11.62%
ARIS	Aris Mining Corp Basic Materials	Added	1,751,221	+603,649	$26,110,705	+22.5%	2	$18.58	9.81%
DHT	DHT Holdings, Inc. Energy	Added	1,389,095	+1,147,399	$22,961,740	+420.0%	2	$17.53	8.63%
CNR	Core Natural Resources, Inc. Energy	Added	266,532	+41,733	$21,327,890	−9.4%	3	$85.77	8.01%
GPRE	Green Plains Inc. Basic Materials	NEW	1,270,612	NEW	$19,542,012	NEW	1	$15.89	7.34%
HBM	Hudbay Minerals Inc. Basic Materials	NEW	734,227	NEW	$17,335,099	NEW	1	$25.29	6.51%
VLRS	Controladora Vuela Compania de Aviacion, S.A.B. de C.V. Industrials	Added	1,754,714	+215,620	$16,441,670	+47.6%	4	$6.94	6.18%
FRO	Frontline plc Energy	NEW	369,740	NEW	$12,863,254	NEW	1	$36.75	4.83%
DK	Delek US Holdings, Inc. Energy	Reduced	202,300	-170,637	$10,278,863	−38.8%	2	$35.74	3.86%
BTU	Peabody Energy Corp Energy	Added	422,432	+190,879	$9,766,627	+28.0%	2	$31.16	3.67%
WLK	Westlake Corp Basic Materials	Added	96,200	+23,200	$7,022,600	−17.7%	6	$86.73	2.64%
DINO	HF Sinclair Corp Energy	Reduced	97,063	-469,027	$6,760,437	−80.9%	8	$49.74	2.54%
ECO	Okeanis Eco Tankers Corp. Industrials	Added	133,922	+78,822	$6,712,170	+140.8%	2	$48.79	2.52%
IAG	Iamgold Corp Basic Materials	NEW	404,362	NEW	$6,405,094	NEW	1	$17.47	2.41%
PPG	Ppg Industries Inc Basic Materials	NEW	45,100	NEW	$5,470,179	NEW	1	$111.37	2.06%
UAL	United Airlines Holdings, Inc. Industrials	NEW	36,990	NEW	$5,030,270	NEW	1	$103.58	1.89%
TGB	Trekor Metals Ltd Basic Materials	NEW	608,925	NEW	$4,189,404	NEW	1	$7.14	1.57%
MTDR	Matador Resources Co Energy	NEW	80,200	NEW	$3,992,356	NEW	1	$56.84	1.50%
PARR	Par Pacific Holdings, Inc. Energy	Added	66,060	+21,310	$3,704,644	+32.2%	17	$46.24	1.39%
AAL	American Airlines Group Inc. Industrials	NEW	195,020	NEW	$3,524,011	NEW	1	$13.38	1.32%
HMH	HMH Holding Inc Energy	NEW	158,161	NEW	$2,963,937	NEW	1	$20.46	1.11%
GSM	Ferroglobe PLC Basic Materials	Reduced	922,217	-161,547	$2,932,650	−34.3%	11	$5.27	1.10%
CC	Chemours Co Basic Materials	NEW	142,900	NEW	$2,932,308	NEW	1	$22.89	1.10%
CVI	Cvr Energy Inc Energy	NEW	93,326	NEW	$2,570,198	NEW	1	$31.76	0.97%
HUT	Hut 8 Corp. Financial Services	Reduced	21,185	-8,390	$2,445,702	+76.3%	3	$49.48	0.92%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	34,370	-20,610	$2,225,457	−30.0%	2	$66.01	0.84%
RNGR	Ranger Energy Services, Inc. Energy	Added	113,460	+39,579	$1,816,494	+43.4%	2	$16.26	0.68%
SLSR	Solaris Resources Inc. Basic Materials	Added	182,360	+27,728	$1,528,176	+15.2%	2	$9.29	0.57%
EROK	EagleRock Land, LLC Energy	NEW	70,000	NEW	$1,487,500	NEW	1	$21.60	0.56%
RIOT	Riot Platforms, Inc. Financial Services	Reduced	36,600	-30,900	$1,002,108	+20.1%	2	$15.34	0.38%
MU	Micron Technology Inc Technology	NEW	830	NEW	$958,060	NEW	1	$749.89	0.36%
GLND	Greenland Energy Co Energy	NEW	276,500	NEW	$608,300	NEW	1	$4.03	0.23%
CBRS	Cerebras Systems Inc. Technology	NEW	2,700	NEW	$596,700	NEW	1	$235.36	0.22%
KEEL	Keel Infrastructure Corp. Technology	NEW	82,800	NEW	$475,272	NEW	1	$4.29	0.18%
BTDR	Bitdeer Technologies Group Technology	NEW	28,700	NEW	$455,469	NEW	1	$14.36	0.17%
FF	FutureFuel Corp. Basic Materials	Reduced	74,727	-20,156	$337,766	−7.5%	2	$3.75	0.13%
GLNDW	Greenland Energy Co Energy	NEW	265,000	NEW	$225,250	NEW	1	unpriced	0.08%
SOC	Sable Offshore Corp. Energy	NEW	59,794	NEW	$184,165	NEW	1	$12.73	0.07%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.