13F Insight
DOSSIER · 13F-HR · Q1 2026

THOMIST CAPITAL MANAGEMENT, LP

$371M in tracked AUM across 57 positions as of Q1 2026.

TC
CIK 0001767809 · last filed Mar 31, 2026
Total AUM
$371M
as of Q1 2026
Holdings
57
—
positions
Whale Score
55
55
tracked
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Comprehensive Analysis of Thomist Capital Management, LP SEC 13F Filing
Portfolio Overview

Thomist Capital Management, LP reported a significant portfolio expansion for the quarter ended September 30, 2025. The total portfolio value increased by 25.8%, rising from $269.07M to $338.52M. This growth was driven by a combination of market appreciation and substantial capital deployment, evidenced by the high turnover rate. The firm currently holds 40 positions, indicating a fo...

Key Holdings

The portfolio is heavily concentrated in its top positions, with the top five holdings accounting for approximately 58.15% of total assets. The largest position is SPDR SERIES TRUST (likely a sector-specific ETF given the ticker context, though distinct from the S&P 500 fund listed separately) at $55.07M (16.27%), followed closely by Nutrien Ltd at $47.73M (14.10%). Notably, Seadrill Ltd remains a major holding at $38.74M (11.45%), despite a reduction in shares.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
DINO
HF SINCLAIR CORP
$35M566K9.5%02
237266901
DARLING INGREDIENTS INC
$28M450K7.5%03
CNR
CORE NATURAL RESOURCES INC
$24M225K6.3%04
ARMN
ARIS MINING CORPORATION
$21M1.1M5.7%05
125269950
CF INDUSTRIES HOLD
$19M150K5.2%06
STLD
STEEL DYNAMICS INC
$19M105K5.1%07
DK
DELEK US HLDGS INC NEW
$17M373K4.5%08
SSRM
SSR MINING IN
$16M549K4.3%09
EQX
EQUINOX GOLD CORP
$13M891K3.5%10
VLRS
CONTROLADORA VUELA COMP DE A
$11M1.5M3.0%

Filing history

2026Q1Mar 31
$371M▼ 21.1%
57 positionsView →2025Q4Dec 31
$471M▲ 39.1%
65 positionsView →2025Q3Sep 30
$339M▲ 25.8%
40 positionsView →2025Q2Jun 30
$269M▲ 6.0%
43 positionsLocked2025Q1Mar 31
$254M▼ 34.0%
38 positionsLocked2024Q4Dec 31
$385M▼ 24.6%
50 positionsLocked2024Q3Sep 30
$510M▲ 82.0%
29 positionsLocked2024Q2Jun 30
$280M▲ 15.1%
37 positionsLocked2024Q1Mar 31
$243M▲ 7.6%
27 positionsLocked2023Q4Dec 31
$226M▲ 40.5%
29 positionsLocked2023Q3Sep 30
$161M▲ 1.0%
25 positionsLocked2023Q2Jun 30
$159M▼ 5.8%
22 positionsLocked
Showing 12 of 18