Thoma Capital Management LLC

Q2 2025 13F-HR Holdings

Location
Towson, MD
Holdings as of
6/30/2025
Date filed
10/1/2025
Form type
13F-HR
Num holdings
58
Total value ($000)
$157,091
Net value change ($000)
+14,121 (9.9%)
New positions
1
Sold out positions
2
Turnover %
4.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/1/2025 Next filing: 10/21/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPY 6,277 23.2%
IVE 2,893 21.4%
IGIB 2,879 9.6%
XLK 1,830 19.9%
HACK 1,029 18.4%
NVDA 622 46.0%
IWO 591 6.2%
NET 582 76.3%
MSFT 569 33.5%
ORCL 450 57.4%
Top Reduces (Value $000, Stocks/ETFs)
XLV -5,957 -100.0%
AAPL -433 -13.1%
PFE -370 -100.0%
CTRA -172 -17.8%
DVN -106 -14.9%
CVX -95 -12.0%
FANG -90 -12.8%
ABBV -89 -21.4%
AMGN -70 -9.1%
GEHC -62 -8.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type