THOMIST CAPITAL MANAGEMENT, LP

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, THOMIST CAPITAL MANAGEMENT, LP maintained a portfolio of 108 distinct positions. The most significant new addition to the portfolio was SPDR S&P 500 ETF TR, which now represents 7.24% of the total fund value. They heavily accumulated shares in SEADRILL LTD, increasing their position by 44.6%. Conversely, THOMIST CAPITAL MANAGEMENT, LP completely exited their position in NUTRIEN LTD.
PCA Score Concentration Risk
Risk ENB
Total Positions
108
Quarter
2025 Q4
Top Holding
SDRL (13.5%)
Top 10 Concentration
53.1%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 108
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
SDRL
SEADRILL LTD
Energy 13.46% 7.65% #1 2
Prev: #3
8.5 566,419 44.6%
P
S
1,835,718 $63,387,343 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SPDR S&P 500 ET...
CALL
CALL Option 7.24% #2
Prev: #—
7.9 50,000 no change
NEW
50,000 $34,096,000 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ORACLE CORP
CALL
CALL Option 6.06% #3
Prev: #—
6.9 146,500 no change
NEW
146,500 $28,554,315 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR SERIES TRU...
CALL
CALL Option 4.80% 10.88% #4 3
Prev: #1
2.4 -521,100 -59.9%
P
S
348,900 $22,612,209 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SOC
SABLE OFFSHORE ...
Energy 4.53% #5
Prev: #—
5.8 1,818,181 no change
NEW
1,818,181 $21,327,263 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CNR
CORE NATURAL RE...
Energy 4.40% #6
Prev: #—
5.3 234,000 no change
NEW
234,000 $20,739,420 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
MPC
MARATHON PETE C...
Energy 3.34% #7
Prev: #—
4.8 96,100 no change
NEW
96,100 $15,717,485 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
B
BARRICK MNG COR...
Basic Materials 3.11% 1.33% #8 11
Prev: #19
4.2 127,600 62.9%
P
S
330,600 $14,625,744 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
AMPY
AMPLIFY ENERGY ...
Energy 3.09% #9
Prev: #—
4.7 3,147,130 no change
NEW
3,147,130 $14,571,212 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NUE
NUCOR CORP
Basic Materials 3.03% 0.48% #10 28
Prev: #38
4.2 68,600 383.2%
P
S
86,500 $14,255,200 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
DINO
HF SINCLAIR COR...
Energy 3.03% 3.24% #11 2
Prev: #9
1.7 -4,318 -1.4%
P
S
308,082 $14,251,873 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DAR
DARLING INGREDI...
Consumer Defensive 2.80% 4.04% #12 6
Prev: #6
1.1 -306,544 -45.9%
P
S
360,803 $13,165,678 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HBM
HUDBAY MINERALS...
Basic Materials 2.53% #13
Prev: #—
4.5 599,600 no change
NEW
599,600 $11,932,040 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OLN
OLIN CORP
Basic Materials 2.25% 3.01% #14 4
Prev: #10
1.4 -117,553 -18.9%
P
S
505,833 $10,609,555 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LIN
LINDE PLC
Basic Materials 2.21% #15
Prev: #—
4.4 24,350 no change
NEW
24,350 $10,430,566 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SM
SM ENERGY CO
Energy 2.20% #16
Prev: #—
4.4 552,905 no change
NEW
552,905 $10,383,556 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BTE
BAYTEX ENERGY C...
Energy 2.05% #17
Prev: #—
4.3 2,980,698 no change
NEW
2,980,698 $9,657,462 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ISHARES BITCOIN...
CALL
CALL Option 1.90% #18
Prev: #—
4.3 180,000 no change
NEW
180,000 $8,937,000 13F Filing 2025-12-31 2026-02-14 (Est.)
VLRS
CONTROLADORA VU...
Industrials 1.89% 1.31% #19 2
Prev: #21
1.3 37,457 3.9%
P
S
1,009,652 $8,916,280 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WLK
WESTLAKE CORPOR...
Basic Materials 1.78% 0.70% #20 14
Prev: #34
3.7 65,700 142.2%
P
S
111,900 $8,364,686 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IAG
IAMGOLD CORP
Basic Materials 1.76% 2.66% #21 9
Prev: #12
0.7 -556,602 -53.0%
P
S
493,625 $8,268,219 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SNCY
SUN CTRY AIRLS ...
Industrials 1.70% 0.07% #22 48
Prev: #70
3.7 527,635 1864.4%
P
S
555,935 $8,001,513 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GPRE
GREEN PLAINS IN...
Basic Materials 1.54% 0.19% #23 36
Prev: #59
3.6 643,392 619.8%
P
S
747,192 $7,270,178 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GSM
FERROGLOBE PLC
Basic Materials 1.42% 1.28% #24 2
Prev: #22
1.1 -44,504 -3.0%
P
S
1,450,407 $6,700,880 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
ADVANCED MICRO ...
CALL
CALL Option 1.36% #25
Prev: #—
4.0 30,000 no change
NEW
30,000 $6,424,800 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
NUTRIEN LTD
PUT
PUT Option 0.00% 9.43%
Sold All 😨
(Was: #2)
0.0 -813,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
SPDR S&P 500 ET...
PUT
PUT Option 0.00% 6.58%
Sold All 😨
(Was: #4)
0.0 -50,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
VLO
VALERO ENERGY C...
Energy 0.00% 3.91%
Sold All 😨
(Was: #7)
0.0 -114,900 -100.0%
CLOSED
$— 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RIO
RIO TINTO PLC
Basic Materials 0.00% 2.27%
Sold All 😨
(Was: #13)
0.0 -174,400 -100.0%
CLOSED
$— 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ARMN
ARIS MNG CORP
Basic Materials 0.00% 1.98%
Sold All 😨
(Was: #14)
0.0 -1,018,106 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
BUNGE GLOBAL SA
CALL
CALL Option 0.00% 1.60%
Sold All 😨
(Was: #15)
0.0 -100,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
AMPLIFY ENERGY ...
CALL
CALL Option 0.00% 1.56%
Sold All 😨
(Was: #16)
0.0 -1,500,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
ADM
ARCHER DANIELS ...
Consumer Defensive 0.00% 1.52%
Sold All 😨
(Was: #17)
0.0 -127,300 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
TSN
TYSON FOODS INC
Consumer Defensive 0.00% 1.40%
Sold All 😨
(Was: #18)
0.0 -131,298 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BTU
PEABODY ENERGY ...
Energy 0.00% 1.31%
Sold All 😨
(Was: #20)
0.0 -247,600 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SHW
SHERWIN WILLIAM...
Basic Materials 0.00% 1.27%
Sold All 😨
(Was: #23)
0.0 -18,700 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
STLD
STEEL DYNAMICS ...
Basic Materials 0.00% 1.23%
Sold All 😨
(Was: #24)
0.0 -44,770 -100.0%
CLOSED
$— 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CLEVELAND-CLIFF...
CALL
CALL Option 0.00% 1.21%
Sold All 😨
(Was: #25)
0.0 -500,300 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
IREN LIMITED
PUT
PUT Option 0.00% 1.21%
Sold All 😨
(Was: #26)
0.0 -130,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
IBIT
ISHARES BITCOIN...
Bond/Debt 0.00% 1.19%
Sold All 😨
(Was: #27)
0.0 -92,900 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
SCCO
SOUTHERN COPPER...
Basic Materials 0.00% 1.16%
Sold All 😨
(Was: #28)
0.0 -48,700 -100.0%
CLOSED
$— 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 0.00% 1.00%
Sold All 😨
(Was: #29)
0.0 -22,900 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EXE
EXPAND ENERGY C...
Energy 0.00% 0.88%
Sold All 😨
(Was: #30)
0.0 -41,900 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RRC
RANGE RES CORP
Energy 0.00% 0.86%
Sold All 😨
(Was: #31)
0.0 -115,900 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SGML
SIGMA LITHIUM C...
Basic Materials 0.00% 0.77%
Sold All 😨
(Was: #33)
0.0 -570,089 -100.0%
CLOSED
$— 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
HUNTSMAN CORP
CALL
CALL Option 0.00% 0.53%
Sold All 😨
(Was: #35)
0.0 -300,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
OLIN CORP
CALL
CALL Option 0.00% 0.49%
Sold All 😨
(Was: #36)
0.0 -100,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
AR
ANTERO RESOURCE...
Energy 0.00% 0.43%
Sold All 😨
(Was: #39)
0.0 -64,900 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
EQT
EQT CORP
Energy 0.00% 0.42%
Sold All 😨
(Was: #40)
0.0 -38,800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CIVI
CIVITAS RESOURC...
Energy 0.00% 0.40%
Sold All 😨
(Was: #41)
0.0 -61,300 -100.0%
CLOSED
$— 2022 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GPOR
GULFPORT ENERGY...
Energy 0.00% 0.40%
Sold All 😨
(Was: #42)
0.0 -11,300 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TRONOX HOLDINGS...
CALL
CALL Option 0.00% 0.40%
Sold All 😨
(Was: #43)
0.0 -500,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
PLUG POWER INC
PUT
PUT Option 0.00% 0.37%
Sold All 😨
(Was: #45)
0.0 -800,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
HYLIION HOLDING...
CALL
CALL Option 0.00% 0.36%
Sold All 😨
(Was: #46)
0.0 -927,600 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
TERAWULF INC
PUT
PUT Option 0.00% 0.34%
Sold All 😨
(Was: #48)
0.0 -150,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
OKLO INC
PUT
PUT Option 0.00% 0.33%
Sold All 😨
(Was: #49)
0.0 -15,100 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
HOG
HARLEY DAVIDSON...
Consumer Cyclical 0.00% 0.33%
Sold All 😨
(Was: #50)
0.0 -57,850 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
COREWEAVE INC
PUT
PUT Option 0.00% 0.27%
Sold All 😨
(Was: #52)
0.0 -10,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
CMC
COMMERCIAL META...
Basic Materials 0.00% 0.26%
Sold All 😨
(Was: #53)
0.0 -22,600 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
CIPHER MINING I...
PUT
PUT Option 0.00% 0.25%
Sold All 😨
(Was: #54)
0.0 -100,000 -100.0%
CLOSED
$— 13F Filing 2025-12-31 2026-02-14 (Est.)
INVX
INNOVEX INTERNA...
Energy 0.00% 0.22%
Sold All 😨
(Was: #57)
0.0 -60,909 -100.0%
CLOSED
$— 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
XHB
SPDR SERIES TRU...
Unknown 0.00% 0.20%
Sold All 😨
(Was: #58)
0.0 -9,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
DOOO
BRP INC
Consumer Cyclical 0.00% 0.17%
Sold All 😨
(Was: #61)
0.0 -13,980 -100.0%
CLOSED
$— 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RYAAY
RYANAIR HOLDING...
Industrials 0.00% 0.16%
Sold All 😨
(Was: #62)
0.0 -14,070 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SLSR
SOLARIS RES INC
Basic Materials 0.00% 0.16%
Sold All 😨
(Was: #63)
0.0 -126,800 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LTM
LATAM AIRLINES ...
Industrials 0.00% 0.16%
Sold All 😨
(Was: #64)
0.0 -17,945 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SD
SANDRIDGE ENERG...
Energy 0.00% 0.13%
Sold All 😨
(Was: #65)
0.0 -59,200 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
WB
WATERBRIDGE INF...
Communication Services 0.00% 0.05%
Sold All 😨
(Was: #74)
0.0 -10,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 108 holdings

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