THRC Management, LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Mar 31, 2022, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2022-03-31, active share 98.2%; sector active share 81.2% against the combined 13F book's sector weights.
Over time 2 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 backtestPortfolio Concentration
16 tracked positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021Portfolio Trend
Sector Breakdown
As of Mar 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 84.3% | $396,193,398 |
| Financial Services | 7.8% | $36,552,612 |
| Unclassified | 4.5% | $21,110,000 |
| Technology | 2.7% | $12,491,500 |
| Real Estate | 0.8% | $3,790,000 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | −2,704,835 | 17,625,889 | $0 | ||
| PUMP | ProPetro Holding Corp. | −2,677,483 | 6,303,468 | $87,807,309 | |
| LBRT | Liberty Energy Inc. | −477,139 | 5,242,100 | $77,687,922 | |
| SND | Smart Sand, Inc. | −188,624 | 256,806 | $885,980 | |
| WTTR | Select Water Solutions, Inc. | −119,664 | 1,096,460 | $9,396,662 | |
| FANG | Diamondback Energy, Inc. | −102,341 | 700,000 | $95,956,000 | |
| MTDR | Matador Resources Co | −95,027 | 1,478,229 | $78,316,572 | |
| TCBI | Texas Capital Bancshares Inc | −83,735 | 50,974 | $2,921,319 | |
| WEX | WEX Inc. | −30,000 | 70,000 | $12,491,500 | |
| WY | Weyerhaeuser Co | −29,657 | 100,000 | $3,790,000 | |
| TFIN | Triumph Financial, Inc. | −22,557 | 130,439 | $12,263,874 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 1,131,294 | $21,110,000 | ||
| TCBX | Third Coast Bancshares, Inc. | 9,116 | $210,579 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 2,750,000 | $72,188,000 | ||
| TPL | Texas Pacific Land Corp | 11,000 | $13,737,566 | |
| CLF | Cleveland-Cliffs Inc. | 600,000 | $13,062,000 | |
| ODFL | Old Dominion Freight Line, Inc. | 20,000 | $7,167,600 | |
| CAT | Caterpillar Inc | 20,000 | $4,134,800 | |
| — | 57,602 | $2,847,266 | ||
| DY | Dycom Industries Inc | 7,400 | $693,824 | |
| AZO | Autozone Inc | 100 | $209,638 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| FANG |
Diamondback Energy, Inc.
Energy
|
Reduced | 700,000 | $95,956,000 | 20.41% | |
| PUMP |
ProPetro Holding Corp.
Energy
|
Reduced | 6,303,468 | $87,807,309 | 18.68% | |
| MTDR |
Matador Resources Co
Energy
|
Reduced | 1,478,229 | $78,316,572 | 16.66% | |
| LBRT |
Liberty Energy Inc.
Energy
|
Reduced | 5,242,100 | $77,687,922 | 16.52% | |
| SEI |
Solaris Energy Infrastructure, Inc.
Energy
|
Added | 3,218,875 | $36,341,098 | 7.73% | |
| BRK-A |
Berkshire Hathaway Inc
Financial Services
|
Held | 40 | $21,156,840 | 4.50% | |
|
|
NEW | 1,131,294 | $21,110,000 | 4.49% | ||
| WEX |
WEX Inc.
Technology
|
Reduced | 70,000 | $12,491,500 | 2.66% | |
| TFIN |
Triumph Financial, Inc.
Financial Services
|
Reduced | 130,439 | $12,263,874 | 2.61% | |
| CRK |
Comstock Resources Inc
Energy
|
Added | 751,100 | $9,801,855 | 2.08% | |
| WTTR |
Select Water Solutions, Inc.
Energy
|
Reduced | 1,096,460 | $9,396,662 | 2.00% | |
| WY |
Weyerhaeuser Co
Real Estate
|
Reduced | 100,000 | $3,790,000 | 0.81% | |
| TCBI |
Texas Capital Bancshares Inc
Financial Services
|
Reduced | 50,974 | $2,921,319 | 0.62% | |
| SND |
Smart Sand, Inc.
Energy
|
Reduced | 256,806 | $885,980 | 0.19% | |
| TCBX |
Third Coast Bancshares, Inc.
Financial Services
|
NEW | 9,116 | $210,579 | 0.04% | |
|
|
Reduced | 17,625,889 | $0 | 0.00% |
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.