Thomist Capital Management, LP
Filing Date
Global Rank
#3,547
/ 8,586
▼ 276
Top Industry
Gold
22.5%
3Y Alpha vs SPY
-15.1%
Period ended 3 months ago
Filed May 15, 2026 · 32d
18 quarters · since Dec 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+19.4%
SPY
+78.1%
Annualised alpha
-15.1%
Max drawdown
−51.1%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
41 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
12.8%
−5.6 pts
Top 5
41.9%
+4.1 pts
Top 10
64.2%
+6.9 pts
HHI
547
Diversified−44
Portfolio Trend
18 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 45.0% | $124,568,407 |
| Basic Materials | 38.4% | $106,468,198 |
| Industrials | 10.5% | $28,974,245 |
| Consumer Cyclical | 4.5% | $12,593,371 |
| Financial Services | 1.1% | $2,924,403 |
| Technology | 0.5% | $1,419,616 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | +529,442 | 1,539,094 | $11,143,040 | |
| CWH | Camping World Holdings, Inc. | +293,290 | 457,270 | $3,123,154 | |
| DINO | HF Sinclair Corp | +258,008 | 566,090 | $35,318,355 | |
| LUV | Southwest Airlines Co | +185,141 | 288,001 | $10,820,197 | |
| PII | Polaris Inc. | +43,737 | 68,785 | $3,748,782 | |
| PARR | Par Pacific Holdings, Inc. | +36,327 | 44,750 | $2,803,140 | |
| HUT | Hut 8 Corp. | +15,975 | 29,575 | $1,387,363 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
7 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AMPY | Amplify Energy Corp. | −3,016,288 | 130,842 | $816,454 | |
| BTE | Baytex Energy Corp. | −1,095,392 | 1,885,306 | $8,427,317 | |
| OLN | OLIN Corp | −371,833 | 134,000 | $3,983,820 | |
| GSM | Ferroglobe PLC | −366,643 | 1,083,764 | $4,465,107 | |
| INR | Infinity Natural Resources, Inc. | −191,025 | 11,770 | $207,269 | |
| WLK | Westlake Corp | −38,900 | 73,000 | $8,527,860 | |
| CNR | Core Natural Resources, Inc. | −9,201 | 224,799 | $23,543,199 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| ARIS | Aris Mining Corp | 1,147,572 | $21,310,412 | |
| STLD | Steel Dynamics Inc | 105,300 | $18,954,000 | |
| DK | Delek US Holdings, Inc. | 372,937 | $16,808,270 | |
| 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 | |
| RGLD | Royal Gold Inc | 37,262 | $9,482,806 | |
| BTU | Peabody Energy Corp | 231,553 | $7,629,671 | |
| EMN | Eastman Chemical Co | 84,700 | $6,464,304 | |
| STNG | Scorpio Tankers Inc. | 61,855 | $4,618,094 | |
| DHT | DHT Holdings, Inc. | 241,696 | $4,415,785 | |
| RYAAY | Ryanair Holdings PLC | 54,980 | $3,177,844 | |
| DOO | BRP Inc. | 40,085 | $2,878,503 | |
| HOG | Harley-Davidson, Inc. | 140,600 | $2,842,932 | |
| ECO | Okeanis Eco Tankers Corp. | 55,100 | $2,787,509 | |
| KOS | Kosmos Energy Ltd. | 927,209 | $2,577,641 | |
| ODV | Osisko Development Corp. | 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 | |
| SLSR | Solaris Resources Inc. | 154,632 | $1,326,742 | |
| RNGR | Ranger Energy Services, Inc. | 73,881 | $1,266,320 | |
| ALK | Alaska Air Group, Inc. | 28,430 | $1,045,655 | |
| XPRO | Expro Group Holdings N.V. | 54,600 | $950,586 | |
| RIOT | Riot Platforms, Inc. | 67,500 | $834,300 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SDRL | Seadrill Ltd | 1,835,718 | $63,515,842 | |
| SOC | Sable Offshore Corp. | 1,818,181 | $16,399,992 | |
| MPC | Marathon Petroleum Corp | 96,100 | $15,628,743 | |
| B | Barrick Mining Corp | 330,600 | $14,397,630 | |
| NUE | Nucor Corp | 86,500 | $14,109,015 | |
| DAR | Darling Ingredients Inc. | 360,803 | $12,988,908 | |
| HBM | Hudbay Minerals Inc. | 599,600 | $11,902,060 | |
| LIN | Linde PLC | 24,350 | $10,382,596 | |
| SM | SM Energy Co | 552,905 | $10,339,323 | |
| IAG | Iamgold Corp | 493,625 | $8,139,876 | |
| SNCY | Sun Country Airlines Holdings, LLC | 555,935 | $7,999,904 | |
| GPRE | Green Plains Inc. | 747,192 | $7,322,481 | |
| CVI | Cvr Energy Inc | 199,200 | $5,067,648 | |
| PSX | Phillips 66 | 38,900 | $5,019,656 | |
| GLD | Spdr Gold Trust | 12,150 | $4,815,166 | |
| CENX | Century Aluminum Co | 100,000 | $3,918,000 | |
| AESI | Atlas Energy Solutions Inc. | 407,316 | $3,836,916 | |
| BG | Bunge Global SA | 33,600 | $2,993,088 | |
| CC | Chemours Co | 245,400 | $2,893,266 | |
| LBRT | Liberty Energy Inc. | 117,713 | $2,172,981 | |
| OIS | Oil States International, Inc | 288,084 | $1,950,328 | |
| WGO | Winnebago Industries Inc | 46,700 | $1,892,284 | |
| THO | Thor Industries Inc | 18,360 | $1,885,021 | |
| SLV | iShares Silver Trust | 26,100 | $1,681,362 | |
| CPA | Copa Holdings, S.A. | 11,660 | $1,406,312 | |
| No positions match the current search. | ||||
0 positions ·
$0 total
· Consumer Defensive only
· as of Mar 31, 2026
No positions to show.