THOMIST CAPITAL MANAGEMENT, LP

Q3 2025 13F-HR Holdings

Location
Houston, TX
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
76
Total value ($000)
$506,293
Net value change ($000)
+237,225 (88.2%)
New positions
37
Sold out positions
13
Turnover %
71.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/13/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 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)
BG 21,981 NEW
VLO 19,779 NEW
DAR 16,716 447.2%
KRE 13,623 NEW
DINO 13,489 464.2%
GLD 12,596 284.5%
RIO 11,496 NEW
IAG 10,653 377.6%
OLN 10,081 195.6%
ARIS 10,003 NEW
Top Reduces (Value $000, Stocks/ETFs)
CMC -13,655 -91.3%
HBM -13,395 -100.0%
DK -13,051 -100.0%
METC -11,050 -100.0%
AA -7,415 -100.0%
IPX -5,836 -100.0%
MTDR -4,289 -100.0%
PARR -3,171 -62.0%
TKR -3,060 -100.0%
LBRT -2,446 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 185,427 (36.6% of total reported value)
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