THOMIST CAPITAL MANAGEMENT, LP
13F Reported Value
ⓘ$371.5M
incl. option notional
Equity Holdings
ⓘ$292.5M
Option Notional
ⓘ$79.0M
$19.8M puts / $59.2M calls
Holdings
57
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
THOMIST CAPITAL MANAGEMENT, LP disclosed 57 positions worth $371.5M in its Form 13F-HR for Q1 2026 — $292.5M in common stock plus $79.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $DINO (HF Sinclair Corp) at 12.1% of the equity portfolio, followed by $DAR and $CNR. During the quarter the fund opened 41 new positions and exited 49 — including a new stake in $DAR and a full exit from $SDRL. The portfolio is most concentrated in Energy (38.8% 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 — Q1 2026
Click any card to unlockTop Holdings
- 54.0#1,249
Quality
$35.3M566,090 sh - 46.6#1,643
Quality
$27.8M450,000 sh - 51.8#1,377
Quality
$23.5M224,799 sh - —
Quality
$21.3M1,147,572 sh - 76.8
Quality
$19.5M150,000 sh - 56.0
Quality
$19.0M105,300 sh - 33.9
Quality
$16.8M372,937 sh - 61.9
Quality
$16.1M548,900 sh - —
Quality
$12.9M890,919 sh - $11.1M1,539,094 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 HF Sinclair Corp$DINO | 54.0#1,249 | $35.3M | 566,090 |
 DARLING INGREDIENTS INC.$DARCALL | 46.6#1,643 | $27.8M | 450,000 |
 Core Natural Resources, Inc.$CNR | 51.8#1,377 | $23.5M | 224,799 |
 Aris Mining Corp$ARIS | — | $21.3M | 1,147,572 |
 CF Industries Holdings, Inc.$CFPUT | 76.8 | $19.5M | 150,000 |
 STEEL DYNAMICS INC$STLD | 56.0 | $19.0M | 105,300 |
 Delek US Holdings, Inc.$DK | 33.9 | $16.8M | 372,937 |
 SSR MINING INC.$SSRM | 61.9 | $16.1M | 548,900 |
 Equinox Gold Corp.$EQX | — | $12.9M | 890,919 |
 Controladora Vuela Compania de Aviacion, S.A.B. de C.V.$VLRS | — | $11.1M | 1,539,094 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of THOMIST CAPITAL MANAGEMENT, LP's 57 positions.
Showing top 10 of 57 holdings.
Sector Allocation
Energy
$113.5M
Materials
$76.9M
Industrials
$49.5M
Financials
$33.9M
Other
$10.2M
Healthcare
$4.0M
Consumer Discretionary
$3.1M
Technology
$1.4M
Full Holdings — THOMIST CAPITAL MANAGEMENT, LP (Q1 2026)
All 57 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 | $DINO | HF Sinclair Corp | $35.3M | 12.1% | +84% | 54 |
| 2 | $DARCALL | DARLING INGREDIENTS INC. | $27.8M | — | NEW | 46.6 |
| 3 | $CNR | Core Natural Resources, Inc. | $23.5M | 8.1% | -4% | 51.8 |
| 4 | $ARIS | Aris Mining Corp | $21.3M | 7.3% | NEW | — |
| 5 | $CFPUT | CF Industries Holdings, Inc. | $19.5M | — | NEW | 76.8 |
| 6 | $STLD | STEEL DYNAMICS INC | $19.0M | 6.5% | NEW | 56 |
| 7 | $DK | Delek US Holdings, Inc. | $16.8M | 5.8% | NEW | 33.9 |
| 8 | $SSRM | SSR MINING INC. | $16.1M | 5.5% | NEW | 61.9 |
| 9 | $EQX | Equinox Gold Corp. | $12.9M | 4.4% | NEW | — |
| 10 | $VLRS | Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | $11.1M | 3.8% | +52% | — |
| 11 |  $PR | Permian Resources Corp | $10.9M | 3.7% | NEW | 75.6 |
| 12 |  $LUV | SOUTHWEST AIRLINES CO | $10.8M | 3.7% | +180% | 51.1 |
| 13 | — | VANGUARD INDEX FDS | $10.2M | 3.5% | NEW | — |
| 14 |  $RGLD | ROYAL GOLD INC | $9.5M | 3.2% | NEW | 79.4 |
| 15 |  $FCXCALL | FREEPORT-MCMORAN INC | $8.8M | — | NEW | 73.1 |
| 16 |  $WLK | WESTLAKE CORP | $8.5M | 2.9% | -35% | 34.6 |
| 17 |  $BTE | BAYTEX ENERGY CORP. | $8.4M | 2.9% | -37% | — |
| 18 |  $BTU | PEABODY ENERGY CORP | $7.6M | 2.6% | NEW | 39.8 |
| 19 |  $BGCALL | Bunge Global SA | $6.5M | — | NEW | 55.9 |
| 20 |  $EMN | EASTMAN CHEMICAL CO | $6.5M | 2.2% | NEW | 49.4 |
| 21 |  $KRSP | Rice Acquisition Corp 3 | $5.4M | 1.8% | +1% | — |
| 22 |  $STNG | Scorpio Tankers Inc. | $4.6M | 1.6% | NEW | — |
| 23 |  $GSM | Ferroglobe PLC | $4.5M | 1.5% | -25% | — |
| 24 |  $DHT | DHT Holdings, Inc. | $4.4M | 1.5% | NEW | — |
| 25 | $DINOCALL | HF Sinclair Corp | $4.4M | — | NEW | 54 |
| 26 |  $OLN | OLIN Corp | $4.0M | 1.4% | -74% | 42.9 |
| 27 |  $PII | Polaris Inc. | $3.7M | 1.3% | +175% | 34.3 |
| 28 |  $RYAAY | RYANAIR HOLDINGS PLC | $3.2M | 1.1% | NEW | — |
| 29 |  $CWH | Camping World Holdings, Inc. | $3.1M | 1.1% | +179% | 45.4 |
| 30 |  $DOO | BRP Inc. | $2.9M | 1.0% | NEW | — |
| 31 |  $HOG | HARLEY-DAVIDSON, INC. | $2.8M | 1.0% | NEW | 55 |
| 32 |  $PARR | PAR PACIFIC HOLDINGS, INC. | $2.8M | 1.0% | +431% | 54.3 |
| 33 |  $ECO | Okeanis Eco Tankers Corp. | $2.8M | 0.9% | NEW | — |
| 34 | — | VANECK ETF TRUST | $2.8M | — | NEW | — |
| 35 |  $FFCALL | FutureFuel Corp. | $2.7M | — | NEW | 13.9 |
| 36 |  $KOS | Kosmos Energy Ltd. | $2.6M | 0.9% | NEW | — |
| 37 |  $ODV | Osisko Development Corp. | $2.6M | 0.9% | NEW | — |
| 38 |  $LNG | Cheniere Energy, Inc. | $2.3M | 0.8% | NEW | 48.4 |
| 39 | $DKCALL | Delek US Holdings, Inc. | $2.3M | — | NEW | 33.9 |
| 40 |  $NAT | NORDIC AMERICAN TANKERS Ltd | $2.0M | 0.7% | NEW | — |
| 41 |  $NVDA | NVIDIA CORP | $1.4M | 0.5% | NEW | 90.2 |
| 42 |  $HUT | Hut 8 Corp. | $1.4M | 0.5% | +117% | 31.4 |
| 43 |  $SLSR | Solaris Resources Inc. | $1.3M | 0.5% | NEW | — |
| 44 |  $RNGR | Ranger Energy Services, Inc. | $1.3M | 0.4% | NEW | 39.6 |
| 45 |  $BTGCALL | B2GOLD CORP | $1.1M | — | NEW | — |
| 46 |  $ALK | ALASKA AIR GROUP, INC. | $1.0M | 0.4% | NEW | 56.3 |
| 47 |  $MPCALL | MP Materials Corp. / DE | $965,200 | — | NEW | 23.5 |
| 48 |  $XPRO | EXPRO GROUP HOLDINGS N.V. | $950,586 | 0.3% | NEW | — |
| 49 |  $JBLUCALL | JETBLUE AIRWAYS CORP | $853,060 | — | NEW | 37.6 |
| 50 |  $RIOT | Riot Platforms, Inc. | $834,300 | 0.3% | NEW | 51.3 |
| 51 |  $AMPY | Amplify Energy Corp. | $816,454 | 0.3% | -96% | 38.4 |
| 52 |  $AMDCALL | ADVANCED MICRO DEVICES INC | $712,005 | — | -88% | 78.8 |
| 53 |  $IREN | IREN Ltd | $702,740 | 0.2% | NEW | — |
| 54 | $FF | FutureFuel Corp. | $365,300 | 0.1% | NEW | 13.9 |
| 55 |  $ULCCCALL | Frontier Group Holdings, Inc. | $353,000 | — | NEW | 33.6 |
| 56 |  $FRMIPUT | Fermi Inc. | $292,000 | — | NEW | — |
| 57 |  $INR | INFINITY NATURAL RESOURCES, INC. | $207,270 | 0.1% | -94% | 56.2 |
New Positions (41)
$DARCALL DARLING INGREDIENTS INC.$27.8M$ARIS Aris Mining Corp$21.3M$CFPUT CF Industries Holdings, Inc.$19.5M$STLD STEEL DYNAMICS INC$19.0M$DK Delek US Holdings, Inc.$16.8M$SSRM SSR MINING INC.$16.1M$EQX Equinox Gold Corp.$12.9M$PR Permian Resources Corp$10.9M$RGLD ROYAL GOLD INC$9.5M$FCXCALL FREEPORT-MCMORAN INC$8.8M$BTU PEABODY ENERGY CORP$7.6M$BGCALL Bunge Global SA$6.5M$EMN EASTMAN CHEMICAL CO$6.5M$STNG Scorpio Tankers Inc.$4.6MExited Positions (49)
$SDRL SEADRILL Ltd
$SPYCALL SPDR S&P 500 ETF TRUST
$ORCLCALL ORACLE CORP
$SOC Sable Offshore Corp.
$MPC Marathon Petroleum Corp
$B BARRICK MINING CORP
$NUE NUCOR CORP$DAR DARLING INGREDIENTS INC.
$HBM Hudbay Minerals Inc.
$LIN LINDE PLC
$SM SM Energy Co
$IBITCALL iShares Bitcoin Trust ETF
$IAG IAMGOLD CORP
$SNCY Sun Country Airlines Holdings, LLCBrowse Top Institutional Investors
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