13F Insight
DOSSIER · 13F-HR · Q2 2026

Thoma Capital Management LLC

$188M in tracked AUM across 53 positions as of Q2 2026.

TC
CIK 0002060298 · last filed Jun 30, 2026
Total AUM
$188M
as of Q2 2026
Holdings
53
—
positions
Whale Score
65
65
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

Portfolio Overview

Thoma Capital Management LLC has reported a significant expansion in its portfolio for the period ending December 31, 2025. The total portfolio value surged by 126.4%, rising from $76.69M to $173.58M. This dramatic increase in assets under management (AUM) coincides with a substantial broadening of the portfolio's scope, as the number of holdings grew to 60. The firm appears to have shifted from a more concentrated strategy to a highly diversified approach, he...

Key Holdings

The portfolio is dominated by passive and strategic ETFs, which serve as the primary drivers of asset allocation.

  • SPDR S&P 500 ETF (SPY): This is the largest holding, comprising 25.53% of the portfolio ($44.32M). The manager increased this stake by 10.6% during the quarter, signaling a conviction in broad U.S. market appreciation.
  • iShares Intermediate Credit Bond ETF (IGIB): A massive new position valued at $33.66M (19.39%). This indicates a significant allocation to fixed income, specifically investment-grade corporate bonds, suggesting a focus on income generation and capital preservation within a credit portfolio.
  • iShares S&P 500 Value ETF (IVE): Another new top-tier position valued at $23.36M (13.46%). This tilts the equity exposure toward value stocks rather than growth, balancing the SPY holding.

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SPY
STATE STR SPDR S&P 500 ETF T
$49M66K26.2%02
IGIB
ISHARES TR
$36M678K19.2%03
IVE
ISHARES TR
$30M133K16.1%04
XLK
SELECT SECTOR SPDR TR
$10M53K5.3%05
IGLB
ISHARES TR
$8M159K4.2%06
HACK
AMPLIFY ETF TR
$7M67K3.8%07
IWO
ISHARES TR
$6M14K3.0%08
AAPL
APPLE INC
$3M11K1.6%09
MRVL
MARVELL TECHNOLOGY INC
$2M8K1.3%10
AMZN
AMAZON COM INC
$2M8K1.1%

Filing history

2026Q2Jun 30
$188M▲ 10.9%
53 positionsView →2026Q1Mar 31
$169M▼ 2.6%
55 positionsView →2025Q4Dec 31
$174M▲ 126.4%
60 positionsView →2025Q3Sep 30
$77M▲ 13.7%
26 positionsView →2025Q2Jun 30
$67M▲ 9.0%
26 positionsLocked2025Q1Mar 31
$62M▼ 57.6%
27 positionsLocked2024Q4Dec 31
$146M—
63 positionsLocked