Thomist Capital Management, LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Thomist Capital Management, LP disclosed 59 US equity positions worth $320.9m in its Q3 2025 13F filing. The largest position was SEADRILL LTD at 12.1% of the reported book, followed by BG and DAR. Against the Q2 2025 filing, it opened 30 new positions, added to 15 and reduced 4 among the top 50 holdings.
What did Thomist Capital Management, LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SEADRILL LTD | 12.1% | $38.7m | 1,269,299 | -0% | held | |
| 2 | BG BUNGE GLOBAL SA | Consumer Defensive | 6.9% | $22.0m | 266,664 | – | new |
| 3 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 6.4% | $20.5m | 667,347 | 581% | added |
| 4 | VLO VALERO ENERGY CORP | Energy | 6.2% | $19.8m | 114,900 | – | new |
| 5 | GLD SPDR GOLD TR | 5.3% | $17.0m | 48,300 | 229% | added | |
| 6 | DINO HF SINCLAIR CORP | Energy | 5.1% | $16.4m | 312,400 | 342% | added |
| 7 | OLN OLIN CORP | Basic Materials | 4.7% | $15.2m | 623,386 | 147% | added |
| 8 | KRE SPDR SERIES TRUST | 4.2% | $13.6m | 214,300 | – | new | |
| 9 | IAG IAMGOLD CORP | Basic Materials | 4.2% | $13.5m | 1,050,227 | 164% | added |
| 10 | RIO RIO TINTO PLC | Basic Materials | 3.6% | $11.5m | 174,400 | – | new |
| 11 | ARIS ARIS MNG CORP | 3.1% | $10.0m | 1,018,106 | – | new | |
| 12 | ADM ARCHER DANIELS MIDLAND CO | Consumer Defensive | 2.4% | $7.7m | 127,300 | – | new |
| 13 | TSN TYSON FOODS INC | Consumer Defensive | 2.2% | $7.1m | 131,298 | 20% | added |
| 14 | B BARRICK MNG CORP | Basic Materials | 2.1% | $6.7m | 203,000 | – | new |
| 15 | BTU PEABODY ENERGY CORP | Energy | 2.1% | $6.6m | 247,600 | – | new |
| 16 | VLRS CONTROLADORA VUELA COMP DE A | 2.1% | $6.6m | 972,195 | – | new | |
| 17 | GSM FERROGLOBE PLC | Basic Materials | 2.0% | $6.5m | 1,494,911 | 5% | added |
| 18 | SHW SHERWIN WILLIAMS CO | Basic Materials | 2.0% | $6.4m | 18,700 | – | new |
| 19 | STLD STEEL DYNAMICS INC | Basic Materials | 1.9% | $6.2m | 44,770 | – | new |
| 20 | IBIT ISHARES BITCOIN TRUST ETF | 1.9% | $6.0m | 92,900 | – | new | |
| 21 | SCCO SOUTHERN COPPER CORP | Basic Materials | 1.8% | $5.9m | 48,700 | – | new |
| 22 | AMZN AMAZON COM INC | Consumer Cyclical | 1.6% | $5.1m | 22,900 | – | new |
| 23 | EXE EXPAND ENERGY CORPORATION | Energy | 1.4% | $4.5m | 41,900 | – | new |
| 24 | RRC RANGE RES CORP | Energy | 1.4% | $4.3m | 115,900 | – | new |
| 25 | SGML SIGMA LITHIUM CORPORATION | Basic Materials | 1.2% | $3.9m | 570,089 | 31% | added |
| 26 | WLK WESTLAKE CORPORATION | Basic Materials | 1.1% | $3.6m | 46,200 | -35% | reduced |
| 27 | CENX CENTURY ALUM CO | Basic Materials | 0.8% | $2.5m | 83,991 | -62% | reduced |
| 28 | NUE NUCOR CORP | Basic Materials | 0.8% | $2.4m | 17,900 | – | new |
| 29 | AR ANTERO RESOURCES CORP | Energy | 0.7% | $2.2m | 64,900 | – | new |
| 30 | EQT EQT CORP | Energy | 0.7% | $2.1m | 38,800 | – | new |
| 31 | CIVI CIVITAS RESOURCES INC | 0.6% | $2.0m | 61,300 | – | new | |
| 32 | GPOR GULFPORT ENERGY CORP | Energy | 0.6% | $2.0m | 11,300 | – | new |
| 33 | PARR PAR PAC HOLDINGS INC | Energy | 0.6% | $1.9m | 54,200 | -72% | reduced |
| 34 | LUV SOUTHWEST AIRLS CO | Industrials | 0.6% | $1.8m | 55,410 | 109% | added |
| 35 | HOG HARLEY DAVIDSON INC | Consumer Cyclical | 0.5% | $1.7m | 57,850 | – | new |
| 36 | PII POLARIS INC | Consumer Cyclical | 0.4% | $1.4m | 23,391 | 212% | added |
| 37 | CMC COMMERCIAL METALS CO | Industrials | 0.4% | $1.3m | 22,600 | -92% | reduced |
| 38 | CWH CAMPING WORLD HLDGS INC | Consumer Cyclical | 0.4% | $1.2m | 76,865 | 181% | added |
| 39 | WGO WINNEBAGO INDS INC | Consumer Cyclical | 0.4% | $1.2m | 34,315 | 67% | added |
| 40 | INVX INNOVEX INTERNATIONAL INC | 0.3% | $1.1m | 60,909 | 25% | added | |
| 41 | XHB SPDR SERIES TRUST | 0.3% | $995.7k | 9,000 | – | new | |
| 42 | GPRE GREEN PLAINS INC | Basic Materials | 0.3% | $949.8k | 103,800 | – | new |
| 43 | THO THOR INDS INC | Consumer Cyclical | 0.3% | $923.6k | 8,820 | 63% | added |
| 44 | DOO BRP INC | Consumer Cyclical | 0.3% | $844.6k | 13,980 | 89% | added |
| 45 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 0.3% | $823.2k | 14,070 | – | new |
| 46 | SLSR SOLARIS RES INC | 0.3% | $805.6k | 126,800 | – | new | |
| 47 | LTM LATAM AIRLINES GROUP SA | Industrials | 0.2% | $801.2k | 17,945 | – | new |
| 48 | SD SANDRIDGE ENERGY INC | Energy | 0.2% | $666.0k | 59,200 | – | new |
| 49 | COPA HOLDINGS SA | 0.2% | $581.3k | 4,875 | – | new | |
| 50 | SKYW SKYWEST INC | Industrials | 0.2% | $558.3k | 5,545 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.