THRC Management, LLC
CIK
1834450
Location
CISCO, TX
Portfolio Value
Small
$396,193,398
Diversification
Moderately concentrated
Filing Date
Global Rank
#2,187
/ 6,760
▲ 244
Top Industry
Oil & Gas Equipment & Services
49.6%
3Y Alpha vs SPY
+13.0%
Period ended 4 years ago
Filed May 16, 2022 · 4y
2 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
+135.2%
SPY
+74.2%
Annualised alpha
+12.7%
Max drawdown
−45.6%
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
13 positions · as of Mar 31, 2022 · Δ vs Dec 31, 2021Top Position
22.4%
−0.7 pts
Top 5
87.9%
+10.1 pts
Top 10
99.1%
+5.0 pts
HHI
1,689
Moderately concentrated+226
Portfolio Trend
2 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2022| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 92.6% | $396,193,398 |
| Financial Services | 3.6% | $15,395,772 |
| Technology | 2.9% | $12,491,500 |
| Real Estate | 0.9% | $3,790,000 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| 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/Tx | −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
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TCBX | Third Coast Bancshares, Inc. | 9,116 | $210,579 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CLF | Cleveland-Cliffs Inc. | 600,000 | $13,062,000 | |
| CAT | Caterpillar Inc | 20,000 | $4,134,800 | |
| ODFL | Old Dominion Freight Line, Inc. | 20,000 | $3,583,800 | |
| TPL | Texas Pacific Land Corp | 11,000 | $1,526,396 | |
| DY | Dycom Industries Inc | 7,400 | $693,824 | |
| AZO | Autozone Inc | 100 | $209,638 | |
| No positions match the current search. | ||||
8 positions ·
$396,193,398 total
· Energy only
· as of Mar 31, 2022
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| FANG |
Diamondback Energy, Inc.
Energy
|
Reduced | 700,000 | $95,956,000 | 24.22% | |
| PUMP |
ProPetro Holding Corp.
Energy
|
Reduced | 6,303,468 | $87,807,309 | 22.16% | |
| MTDR |
Matador Resources Co
Energy
|
Reduced | 1,478,229 | $78,316,572 | 19.77% | |
| LBRT |
Liberty Energy Inc.
Energy
|
Reduced | 5,242,100 | $77,687,922 | 19.61% | |
| SEI |
Solaris Energy Infrastructure, Inc.
Energy
|
Added | 3,218,875 | $36,341,098 | 9.17% | |
| CRK |
Comstock Resources Inc
Energy
|
Added | 751,100 | $9,801,855 | 2.47% | |
| WTTR |
Select Water Solutions, Inc.
Energy
|
Reduced | 1,096,460 | $9,396,662 | 2.37% | |
| SND |
Smart Sand, Inc.
Energy
|
Reduced | 256,806 | $885,980 | 0.22% |