THOMIST CAPITAL MANAGEMENT, LP
13F Reported Value
ⓘ$314.6M
incl. option notional
Equity Holdings
ⓘ$271.2M
Option Notional
ⓘ$43.3M
$11.2M puts / $32.2M calls
Holdings
45
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
THOMIST CAPITAL MANAGEMENT, LP disclosed 45 positions worth $314.6M in its Form 13F-HR for Q2 2026 — $271.2M in common stock plus $43.3M of put/call option positions (reported at underlying notional value, not premium at risk), led by $DAR (DARLING INGREDIENTS INC.) at 11.4% of the equity portfolio, followed by $ARIS and $DHT. During the quarter the fund opened 27 new positions and exited 39 — including a new stake in $DAR and a full exit from $DAR. The portfolio is most concentrated in Materials (33.3% of disclosed assets). All figures are sourced directly from THOMIST CAPITAL MANAGEMENT, LP’s Form 13F-HR filing with the SEC under CIK 1767809.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 63.5#613
Quality
$30.9M566,094 sh - —
Quality
$26.1M1,751,221 sh - —
Quality
$23.0M1,389,095 sh - 61.5
Quality
$21.3M266,532 sh - 47.8
Quality
$19.5M1,270,612 sh - —
Quality
$17.3M734,227 sh - $16.4M1,754,714 sh
- 53.7
Quality
$14.1M500,000 sh - —
Quality
$12.9M369,740 sh - 39.2
Quality
$10.6M500,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 DARLING INGREDIENTS INC.$DAR | 63.5#613 | $30.9M | 566,094 |
 Aris Mining Corp$ARIS | — | $26.1M | 1,751,221 |
 DHT Holdings, Inc.$DHT | — | $23.0M | 1,389,095 |
 Core Natural Resources, Inc.$CNR | 61.5 | $21.3M | 266,532 |
 Green Plains Inc.$GPRE | 47.8 | $19.5M | 1,270,612 |
 Hudbay Minerals Inc.$HBM | — | $17.3M | 734,227 |
 Controladora Vuela Compania de Aviacion, S.A.B. de C.V.$VLRS | — | $16.4M | 1,754,714 |
 PILGRIMS PRIDE CORP$PPCCALL | 53.7 | $14.1M | 500,000 |
 Frontline plc$FRO | — | $12.9M | 369,740 |
 MOSAIC CO$MOSCALL | 39.2 | $10.6M | 500,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of THOMIST CAPITAL MANAGEMENT, LP's 45 positions.
Showing top 10 of 45 holdings.
Sector Allocation
Materials
$90.3M
Industrials
$72.7M
Energy
$61.2M
Consumer Staples
$30.9M
Financials
$11.6M
Healthcare
$2.9M
Technology
$1.6M
Full Holdings — THOMIST CAPITAL MANAGEMENT, LP (Q2 2026)
All 45 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $DAR | DARLING INGREDIENTS INC. | $30.9M | 11.4% | NEW | 63.5 |
| 2 | $ARIS | Aris Mining Corp | $26.1M | 9.6% | +53% | — |
| 3 | $DHT | DHT Holdings, Inc. | $23.0M | 8.5% | +475% | — |
| 4 | $CNR | Core Natural Resources, Inc. | $21.3M | 7.9% | +19% | 61.5 |
| 5 | $GPRE | Green Plains Inc. | $19.5M | 7.2% | NEW | 47.8 |
| 6 | $HBM | Hudbay Minerals Inc. | $17.3M | 6.4% | NEW | — |
| 7 | $VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | $16.4M | 6.1% | +14% | — |
| 8 | $PPCCALL | PILGRIMS PRIDE CORP | $14.1M | — | NEW | 53.7 |
| 9 | $FRO | Frontline plc | $12.9M | 4.7% | NEW | — |
| 10 | $MOSCALL | MOSAIC CO | $10.6M | — | NEW | 39.2 |
| 11 | — | ISHARES TR - PUT | $10.5M | — | NEW | — |
| 12 |  $DK | Delek US Holdings, Inc. | $10.3M | 3.8% | -46% | 50.8 |
| 13 |  $BTU | PEABODY ENERGY CORP | $9.8M | 3.6% | +82% | 36 |
| 14 |  $WLK | WESTLAKE CORP | $7.0M | 2.6% | +32% | 32.3 |
| 15 | — | VANECK ETF TRUST - CALL | $6.9M | — | NEW | — |
| 16 |  $DINO | HF Sinclair Corp | $6.8M | 2.5% | -83% | 58.7 |
| 17 |  $ECO | Okeanis Eco Tankers Corp. | $6.7M | 2.5% | +143% | — |
| 18 |  $IAG | IAMGOLD CORP | $6.4M | 2.4% | NEW | 33.1 |
| 19 |  $KRSP | Rice Acquisition Corp 3 | $5.7M | 2.1% | +5% | — |
| 20 |  $PPG | PPG INDUSTRIES INC | $5.5M | 2.0% | NEW | 59.1 |
| 21 |  $UAL | United Airlines Holdings, Inc. | $5.0M | 1.9% | NEW | 60.8 |
| 22 |  $TGB | Trekor Metals Ltd | $4.2M | 1.5% | NEW | — |
| 23 |  $MTDR | Matador Resources Co | $4.0M | 1.5% | NEW | 65.9 |
| 24 |  $PARR | PAR PACIFIC HOLDINGS, INC. | $3.7M | 1.4% | +48% | 55.7 |
| 25 |  $AAL | American Airlines Group Inc. | $3.5M | 1.3% | NEW | 53.4 |
| 26 |  $HMH | HMH Holding Inc | $3.0M | 1.1% | NEW | — |
| 27 |  $GSM | Ferroglobe PLC | $2.9M | 1.1% | -15% | — |
| 28 |  $CC | Chemours Co | $2.9M | 1.1% | NEW | 43.4 |
| 29 |  $CVI | CVR ENERGY INC | $2.6M | 0.9% | NEW | 50.8 |
| 30 |  $HUT | Hut 8 Corp. | $2.4M | 0.9% | -28% | 37.4 |
| 31 |  $RYAAY | RYANAIR HOLDINGS PLC | $2.2M | 0.8% | -37% | — |
| 32 |  $RNGR | Ranger Energy Services, Inc. | $1.8M | 0.7% | +54% | 41.9 |
| 33 |  $EROK | EagleRock Land, LLC | $1.5M | 0.6% | NEW | — |
| 34 |  $RIOT | Riot Platforms, Inc. | $1.0M | 0.4% | -46% | 38.3 |
| 35 |  $SLSR | Solaris Resources Inc. | $983,701 | 0.4% | +18% | — |
| 36 |  $MU | MICRON TECHNOLOGY INC | $958,061 | 0.3% | NEW | 86.2 |
| 37 |  $CBRSCALL | Cerebras Systems Inc. | $663,000 | — | NEW | — |
| 38 | — | ISHARES TR - PUT | $640,760 | — | NEW | — |
| 39 |  $GLND | Greenland Energy Co | $608,300 | 0.2% | NEW | — |
| 40 | $CBRS | Cerebras Systems Inc. | $596,700 | 0.2% | NEW | — |
| 41 |  $KEEL | Keel Infrastructure Corp. | $475,272 | 0.2% | NEW | 17.9 |
| 42 |  $BTDR | Bitdeer Technologies Group | $455,469 | 0.2% | NEW | — |
| 43 |  $FF | FutureFuel Corp. | $337,766 | 0.1% | -21% | 17.2 |
| 44 | $GLND | Greenland Energy Co | $225,250 | 0.1% | NEW | — |
| 45 |  $SOC | Sable Offshore Corp. | $184,166 | 0.1% | NEW | — |
New Positions (27)
$DAR DARLING INGREDIENTS INC.$30.9M$GPRE Green Plains Inc.$19.5M$HBM Hudbay Minerals Inc.$17.3M$PPCCALL PILGRIMS PRIDE CORP$14.1M$FRO Frontline plc$12.9M$MOSCALL MOSAIC CO$10.6M$IAG IAMGOLD CORP$6.4M$PPG PPG INDUSTRIES INC$5.5M$UAL United Airlines Holdings, Inc.$5.0M$TGB Trekor Metals Ltd$4.2M$MTDR Matador Resources Co$4.0M$AAL American Airlines Group Inc.$3.5M$HMH HMH Holding Inc$3.0MExited Positions (39)
$DARCALL DARLING INGREDIENTS INC.
$CFPUT CF Industries Holdings, Inc.
$STLD STEEL DYNAMICS INC
$SSRM SSR MINING INC.
$EQX Equinox Gold Corp.
$PR Permian Resources Corp
$LUV SOUTHWEST AIRLINES CO
$RGLD ROYAL GOLD INC
$FCXCALL FREEPORT-MCMORAN INC
$BTE BAYTEX ENERGY CORP.
$BGCALL Bunge Global SA
$EMN EASTMAN CHEMICAL CO
$STNG Scorpio Tankers Inc.$DINOCALL HF Sinclair CorpBrowse Top Institutional Investors
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