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Thomist Capital Management, LP

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13F filer, CIK 1767809, Houston, TX

Thomist Capital Management, LP reported $253,722,634 across 38 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-14. Its ten largest share positions make up 62.5% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-25-001091

Period
2025-03-31
Reported value
$254M
Holdings
38
Top 10 weight
62.5%
New
23
Sold out
35

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SDRLadded+911,377$23M
SPYnew+34,400$19.1M
HBMnew+1,684,700$13M
DINOadded+274,276$9.07M
GPORnew+44,566$8.16M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
STLDreduced-250,882-$31.1M
CHRDexited-161,300-$18.4M
PSXexited-148,500-$16.6M
ASTLreduced-2,759,654-$15.8M
HCCexited-220,682-$12M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001420506-25-001091, largest first. % of portfolio is the value over $237,667,790, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 435,620 shares; 2024Q4: 700,448 shares; 2025Q1: 1,611,825 shares 1,611,825$40.7M17.11%+911,377Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 34,400 shares 34,400$19.1M8.04%newTimeline
DINOHF SINCLAIR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 267,500 shares; 2024Q4: 274,158 shares; 2025Q1: 548,434 shares 548,434$18.1M7.63%+274,276Timeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 300,000 shares; 2024Q4: 300,000 shares; 2025Q1: 591,500 shares 591,500$15.3M6.45%+291,500Timeline
HBMHUDBAY MINERALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,684,700 shares 1,684,700$13M5.45%newTimeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,474 shares; 2024Q4: 26,374 shares; 2025Q1: 32,940 shares 32,940$9.36M3.94%+6,566Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,300 shares; 2024Q4: 520,354 shares; 2025Q1: 290,600 shares 290,600$9.17M3.86%-229,754Timeline
GPORGULFPORT ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,566 shares 44,566$8.16M3.43%newTimeline
CTVACORTEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 129,700 shares 129,700$7.92M3.33%newTimeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 143,700 shares; 2025Q1: 63,518 shares 63,518$7.75M3.26%-80,182Timeline
GSMFERROGLOBE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,319,870 shares; 2024Q4: 2,482,895 shares; 2025Q1: 1,999,768 shares 1,999,768$7.28M3.06%-483,127Timeline
ADMARCHER DANIELS MIDLAND COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,800 shares; 2024Q4: 215,190 shares; 2025Q1: 151,300 shares 151,300$7.24M3.05%-63,890Timeline
STLDSTEEL DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 305,700 shares; 2025Q1: 54,818 shares 54,818$6.8M2.86%-250,882Timeline
CRGYCRESCENT ENERGY COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 579,150 shares 579,150$6.45M2.71%newTimeline
CNRCORE NATURAL RESOURCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 83,500 shares 83,500$6.44M2.71%newTimeline
MPCMARATHON PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 44,000 shares 44,000$6.34M2.67%newTimeline
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 136,400 shares; 2025Q1: 142,600 shares 142,600$6.13M2.58%+6,200
DIASTATE STR SPDR DOW JONES INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 14,000 shares 14,000$5.82M2.45%newTimeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 67,400 shares 67,400$5.15M2.17%newTimeline
SGMLSIGMA LITHIUM CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 285,381 shares; 2024Q4: 70,000 shares; 2025Q1: 443,980 shares 443,980$5.11M2.15%+373,980Timeline
LYBLYONDELLBASELL INDUSTRIES NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 69,700 shares 69,700$4.87M2.05%newTimeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,800 shares; 2024Q4: not reported; 2025Q1: 46,100 shares 46,100$4.57M1.92%newTimeline
ASTLALGOMA STL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,635,111 shares; 2024Q4: 3,497,531 shares; 2025Q1: 737,877 shares 737,877$4.21M1.77%-2,759,654Timeline
SLVISHARES SILVER TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 112,200 shares; 2025Q1: 106,590 shares 106,590$3.3M1.39%-5,610Timeline
PPCPILGRIMS PRIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 58,700 shares 58,700$3.13M1.32%newTimeline
PARRPAR PAC HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 316,248 shares; 2024Q4: 23,468 shares; 2025Q1: 111,789 shares 111,789$1.59M0.67%+88,321Timeline
Vital Energy IncVital Energy IncQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,500 shares; 2024Q4: not reported; 2025Q1: 51,636 shares 51,636$1.11M0.47%new
TSNTYSON FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 46,000 shares; 2024Q4: not reported; 2025Q1: 15,255 shares 15,255$951K0.4%newTimeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,400 shares 19,400$923K0.39%newTimeline
CENXCENTURY ALUM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,646 shares 37,646$699K0.29%newTimeline
ATLXATLAS LITHIUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,796 shares; 2024Q4: 102,058 shares; 2025Q1: 96,956 shares 96,956$514K0.22%-5,102Timeline
INVXINNOVEX INTERNATIONAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,509 shares 20,509$367K0.15%newTimeline
BRYBerry CorpQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,499 shares 37,499$119K0.05%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SOCSABLE OFFSHORE CORP COM SHScall500,000$9.85Mnew
DARDARLING INGREDIENTS INC Stockcall100,000$3.28Mnew
APAAPA CORPORATION Stockcall100,000$1.58Mnew
Vital Energy IncVital Energy Inc Common Stockcall50,000$699Knew
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COMcall15,100$641Knew

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
WARRIOR MET COAL INCWARRIOR MET COAL INC588,900$32.2Mcall
CHRDCHORD ENERGY CORPORATION161,300$18.4Mshares
NUCOR CORPNUCOR CORP146,100$16.9Mcall
PSXPHILLIPS 66148,500$16.6Mshares
STEEL DYNAMICS INCSTEEL DYNAMICS INC139,600$15.9Mcall
HCCWARRIOR MET COAL INC220,682$12Mshares
BTUPEABODY ENGR CORP533,817$11.1Mshares
CFCF INDUSTRIES HOLD131,700$11.1Mshares
CNX RES CORPCNX RES CORP200,000$7.41Mcall
CLFCLEVELAND-CLIFFS INC NEW590,300$5.52Mshares
CONSOL ENERGY INC NEWCONSOL ENERGY INC NEW47,341$5.02Mshares
XOPSPDR SERIES TRUST37,464$4.89Mshares
AAALCOA CORP130,100$4.83Mshares
CIVICIVITAS RESOURCES INC90,600$4.04Mshares
VLOVALERO ENERGY CORP31,500$3.77Mshares
PTENPATTERSON-UTI ENERGY INC431,625$3.5Mshares
IPXIPERIONX LTD939,088$3.48Mshares
HUNHUNTSMAN CORP172,900$3.04Mshares
HONHONEYWELL INTL INC13,100$2.97Mshares
EOGEOG RES INC16,600$2.02Mshares
COPCONOCOPHILLIPS20,300$2.01Mshares
PRPERMIAN RESOURCES CORP138,500$2Mshares
FANGDIAMONDBACK ENERGY INC12,200$1.99Mshares
WFRDWEATHERFORD INTL PLC27,800$1.93Mshares
DARLING INGREDIENTS INCDARLING INGREDIENTS INC50,000$1.65Mcall
CDECOEUR MNG INC280,000$1.57Mshares
IRENIREN LIMITED139,000$1.38Mshares
GPREGREEN PLAINS INC126,033$1.12Mshares
NBRNABORS INDUSTRIES LTD20,000$1.08Mshares
NPKINPK INTERNATIONAL INC110,700$825Kshares
CVICVR ENERGY INC42,100$781Kshares
APLDAPPLIED DIGITAL CORP74,756$596Kshares
IVERSIFIED ENERGY COMPANY PIVERSIFIED ENERGY COMPANY P32,700$547Kshares
HUTHUT 8 CORP24,200$502Kshares
CORZCORE SCIENTIFIC INC NEW35,360$491Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001420506-25-001091 base2025-05-14acceptance time not in the bulk data set