Thomist Capital Management, LP
Annual return '25
+13.5%
SPY '25
+17.7%
Alpha
-4.2ptsvs SPY
Invested
$371.5M
Holdings
42
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$DINO
HF SINCLAIR CORP
Q4 2025: Sold 1.4% (312.4k → 308.1k shares)
12.3%
02
$CNR
CORE NATURAL RESOURCES INC
Q4 2025: New position (234.0k shares)
8.2%
03
$ARIS
ARIS MINING CORPORATION
Q4 2025: Exited (was 1.02M shares)
7.4%
04
$STLD
STEEL DYNAMICS INC
Q4 2025: Exited (was 44.8k shares)
6.6%
05
$DK
DELEK US HLDGS INC NEW
Q3 2025: Exited (was 4.20M shares)
5.9%
06
$SSRM
SSR MINING IN
Held since at least Q1 2024
5.6%
07
$EQX
EQUINOX GOLD CORP
Held since at least Q1 2024
4.5%
08
$VLRS
CONTROLADORA VUELA COMP DE A
Q4 2025: Increased +3.9% (972.2k → 1.01M shares)
3.9%
09
$PR
PERMIAN RESOURCES CORP
Q1 2025: Exited (was 138.5k shares)
3.8%
10
$LUV
SOUTHWEST AIRLS CO
Q4 2025: Increased +85.6% (55.4k → 102.9k shares)
3.8%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 16:13 UTC.