Thoma Capital Management LLC

CIK

2060298

Location

TOWSON, MD

Portfolio Value

Micro $80,911,956

Diversification

Highly concentrated

Filing Date

Global Rank

#5,764 / 8,232 ▲ 158

Top Industry

Software - Infrastructure 12.0%

3Y Alpha vs SPY

-2.8%

Period ended 2 months ago

Filed Apr 20, 2026 · 55d

6 quarters · since Dec 2024

Clone Performance

Feb 2025–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+19.6%

SPY

+23.4%

Annualised alpha

-2.8%

Max drawdown

−20.5%

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

46 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

52.7%

+1.3 pts

Top 5

62.5%

+0.6 pts

Top 10

69.8%

+0.2 pts

HHI

2,839

Highly concentrated+130

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	53.0%	$42,851,537	2
Technology	14.3%	$11,577,387	10
Energy	6.4%	$5,182,731	5
Consumer Cyclical	5.1%	$4,127,883	5
Financial Services	4.4%	$3,554,904	6
Industrials	4.0%	$3,254,154	5
Communication Services	4.0%	$3,233,795	3
Healthcare	3.5%	$2,813,979	4
Consumer Defensive	2.4%	$1,961,322	2
Utilities	2.0%	$1,599,365	3
Real Estate	0.9%	$754,899	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TROW	Price T Rowe Group Inc	+1,699	10,650	$959,991
DLR	Digital Realty Trust, Inc.	+1,438	4,189	$754,899
KO	Coca Cola Co	+1,224	12,754	$969,941
CSX	Csx Corp	+900	6,703	$275,158
DVN	Devon Energy Corp/De	+861	20,296	$1,021,294
MSFT	Microsoft Corp	+713	4,791	$1,773,484
BX	Blackstone Inc.	+671	5,879	$676,026
SPY	Spdr S&P 500 ETF Trust	+523	65,520	$42,610,276
RTX	RTX Corp	+470	2,317	$446,949
CAVA	Cava Group, Inc.	+444	5,396	$436,536
FANG	Diamondback Energy, Inc.	+417	5,062	$1,001,212
AEP	American Electric Power Co Inc	+383	8,762	$1,148,522
BA	Boeing Co	+345	3,864	$769,051
PLTR	Palantir Technologies Inc.	+336	5,378	$786,693
IBM	International Business Machines Corp	+307	4,502	$1,091,239
DKNG	DraftKings Inc.	+295	24,726	$534,576
ABBV	AbbVie Inc.	+203	1,699	$369,515
HON	Honeywell International Inc	+200	3,991	$902,085
BRK-B	Berkshire Hathaway Inc	+175	1,971	$944,503
LNG	Cheniere Energy, Inc.	+155	3,719	$1,055,303
LEO	Bny Mellon Strategic Municipals, Inc.	+116	22,973	$144,500
MRVL	Marvell Technology, Inc.	+114	8,711	$862,824
CVX	Chevron Corp	+108	5,101	$1,055,396
NET	Cloudflare, Inc.	+106	6,142	$1,267,340
HD	Home Depot, Inc.	+93	1,077	$354,214
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	−1,908	418	$241,261
NVDA	Nvidia Corp	−1,397	9,446	$1,647,382
CTRA	Coterra Energy Inc.	−1,000	29,867	$1,049,526
JPM	Jpmorgan Chase & Co	−747	1,841	$541,548
AAPL	Apple Inc.	−681	10,610	$2,692,711
DIS	Walt Disney Co	−522	8,845	$852,481
WMT	Walmart Inc.	−388	7,977	$991,381
V	Visa Inc.	−180	954	$288,336
AVGO	Broadcom Inc.	−176	1,500	$464,265
GEHC	GE HealthCare Technologies Inc.	−109	9,809	$698,204
ETN	Eaton Corp plc	−70	2,407	$860,911
ORCL	Oracle Corp	−65	4,915	$723,045
GOOGL	Alphabet Inc.	−27	4,666	$1,341,754
TSLA	Tesla, Inc.	−16	2,672	$993,316
META	Meta Platforms, Inc.	−1	1,817	$1,039,560
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
GLW	Corning Inc /Ny	1,974	$268,404
NEE	Nextera Energy Inc	2,242	$208,236
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
JPC	Nuveen Preferred & Income Opportunities Fund	154,498	$1,252,978
DIA	Spdr Dow Jones Industrial Average ETF Trust	1,370	$658,380
LMT	Lockheed Martin Corp	1,018	$492,376
WSC	WillScot Holdings Corp	10,581	$199,240
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

46 positions · $80,911,956 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Added	65,520	+523	$42,610,276	−3.9%	52.66%
AAPL	Apple Inc. Technology	Reduced	10,610	-681	$2,692,711	−12.3%	3.33%
AMZN	Amazon Com Inc Consumer Cyclical	Added	8,687	+21	$1,809,241	−9.6%	2.24%
MSFT	Microsoft Corp Technology	Added	4,791	+713	$1,773,484	−10.1%	2.19%
NVDA	Nvidia Corp Technology	Reduced	9,446	-1,397	$1,647,382	−18.5%	2.04%
GOOGL	Alphabet Inc. Communication Services	Reduced	4,666	-27	$1,341,754	−8.7%	1.66%
NET	Cloudflare, Inc. Technology	Added	6,142	+106	$1,267,340	+6.5%	1.57%
AEP	American Electric Power Co Inc Utilities	Added	8,762	+383	$1,148,522	+18.9%	1.42%
IBM	International Business Machines Corp Technology	Added	4,502	+307	$1,091,239	−12.2%	1.35%
CVX	Chevron Corp Energy	Added	5,101	+108	$1,055,396	+38.7%	1.30%
LNG	Cheniere Energy, Inc. Energy	Added	3,719	+155	$1,055,303	+52.3%	1.30%
CTRA	Coterra Energy Inc. Energy	Reduced	29,867	-1,000	$1,049,526	+29.2%	1.30%
META	Meta Platforms, Inc. Communication Services	Reduced	1,817	-1	$1,039,560	−13.4%	1.28%
DVN	Devon Energy Corp/De Energy	Added	20,296	+861	$1,021,294	+43.5%	1.26%
FANG	Diamondback Energy, Inc. Energy	Added	5,062	+417	$1,001,212	+43.4%	1.24%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	2,672	-16	$993,316	−17.8%	1.23%
WMT	Walmart Inc. Consumer Defensive	Reduced	7,977	-388	$991,381	+6.4%	1.23%
LLY	ELI LILLY & Co Healthcare	Added	1,070	+67	$984,153	−8.7%	1.22%
KO	Coca Cola Co Consumer Defensive	Added	12,754	+1,224	$969,941	+20.3%	1.20%
TROW	Price T Rowe Group Inc Financial Services	Added	10,650	+1,699	$959,991	+4.8%	1.19%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	1,971	+175	$944,503	+4.6%	1.17%
HON	Honeywell International Inc Industrials	Added	3,991	+200	$902,085	+22.0%	1.11%
MRVL	Marvell Technology, Inc. Technology	Added	8,711	+114	$862,824	+18.1%	1.07%
ETN	Eaton Corp plc Industrials	Reduced	2,407	-70	$860,911	+9.1%	1.06%
DIS	Walt Disney Co Communication Services	Reduced	8,845	-522	$852,481	−20.0%	1.05%
PLTR	Palantir Technologies Inc. Technology	Added	5,378	+336	$786,693	−12.2%	0.97%
BA	Boeing Co Industrials	Added	3,864	+345	$769,051	+0.7%	0.95%
AMGN	Amgen Inc Healthcare	Added	2,166	+51	$762,107	+10.1%	0.94%
DLR	Digital Realty Trust, Inc. Real Estate	Added	4,189	+1,438	$754,899	+77.4%	0.93%
ORCL	Oracle Corp Technology	Reduced	4,915	-65	$723,045	−25.5%	0.89%
GEHC	GE HealthCare Technologies Inc. Healthcare	Reduced	9,809	-109	$698,204	−14.2%	0.86%
BX	Blackstone Inc. Financial Services	Added	5,879	+671	$676,026	−15.8%	0.84%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	1,841	-747	$541,548	−35.1%	0.67%
DKNG	DraftKings Inc. Consumer Cyclical	Added	24,726	+295	$534,576	−36.5%	0.66%
AVGO	Broadcom Inc. Technology	Reduced	1,500	-176	$464,265	−20.0%	0.57%
RTX	RTX Corp Industrials	Added	2,317	+470	$446,949	+31.9%	0.55%
CAVA	Cava Group, Inc. Consumer Cyclical	Added	5,396	+444	$436,536	+50.2%	0.54%
ABBV	AbbVie Inc. Healthcare	Added	1,699	+203	$369,515	+8.1%	0.46%
HD	Home Depot, Inc. Consumer Cyclical	Added	1,077	+93	$354,214	+4.6%	0.44%
V	Visa Inc. Financial Services	Reduced	954	-180	$288,336	−27.5%	0.36%
CSX	Csx Corp Industrials	Added	6,703	+900	$275,158	+30.8%	0.34%
GLW	Corning Inc /Ny Technology	NEW	1,974	NEW	$268,404	NEW	0.33%
PEG	Public Service Enterprise Group Inc Utilities	Held	2,997	0	$242,607	+0.8%	0.30%
QQQ	Invesco Qqq Trust, Series 1	Reduced	418	-1,908	$241,261	−83.1%	0.30%
NEE	Nextera Energy Inc Utilities	NEW	2,242	NEW	$208,236	NEW	0.26%
LEO	Bny Mellon Strategic Municipals, Inc. Financial Services	Added	22,973	+116	$144,500	−0.6%	0.18%