Thoma Capital Management LLC
Sector Allocation
- Other78.0%$149.2M
- Technology9.7%$18.6M
- Energy2.5%$4.7M
- Industrials1.9%$3.7M
- Financials1.9%$3.6M
- Consumer Discretionary1.9%$3.5M
- Healthcare1.3%$2.5M
- Consumer Staples1.0%$2.0M
- Utilities0.6%$1.2M
- Communication Services0.6%$1.1M
AUM History
13fpro.ai/research/fund/thoma-capital-management-llc-2060298
Conviction and streaks
Stable · top 10 = 81.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
SPY
$49.7M- ISHARES$35.2M
- ISHARES$33.0M
- SELECT$10.0M
- ISHARES$7.6M
- AMPLIFY$7.6M
- ISHARES$5.1M
AAPL
$3.5MMSFT
$2.3MAMZN
$2.0MMRVL
$2.0MNVDA
$1.9MNET
$1.8MDVN
$1.7MGOOGL
$1.6MMETA
$1.5MLLY
$1.2MKO
$1.1MTROW
$1.1MCVX
$1.0M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/thoma-capital-management-llc-2060298
Thoma Capital Management LLC 13F holdings — Q3 2026
$191.3M portfolio (+2.0% QoQ) · 54 holdings · Q3 2026 13F · top 10 are 82% of the stock portfolio
$49.7M
26.0% of stocks
-1%This quarter-0.1%Since filed5+ qtrsHeld- 2
ISHARES TR - ISHS 5-10YR INVT
$35.2M
18.4% of stocks
+3%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
ISHARES TR - S&P 500 VAL ETF
$33.0M
17.2% of stocks
+9%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
SELECT SECTOR SPDR TR - ST STR TECHN ETF
$10.0M
5.2% of stocks
-3%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
ISHARES TR - 10+ YR INVST GRD
$7.6M
4.0% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
AMPLIFY ETF TR - AMPLIFY CYBERSEC
$7.6M
4.0% of stocks
-7%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
ISHARES TR - RUS 2000 GRW ETF
$5.1M
2.6% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— $3.5M
1.8% of stocks
-1%This quarter+0.3%Since filed5+ qtrsHeld$2.3M
1.2% of stocks
-2%This quarter-0.2%Since filed5+ qtrsHeld$2.0M
1.1% of stocks
-1%This quarter-5.1%Since filed5+ qtrsHeldAIQuality67.5#363Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $49.7M | 26.0% | -1% | -0.1% | 5+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | ISHARES TR - ISHS 5-10YR INVT | $35.2M | 18.4% | +3% | — | — | — | — | |
| 3 | ISHARES TR - S&P 500 VAL ETF | $33.0M | 17.2% | +9% | — | — | — | — | |
| 4 | SELECT SECTOR SPDR TR - ST STR TECHN ETF | $10.0M | 5.2% | -3% | — | — | — | — | |
| 5 | ISHARES TR - 10+ YR INVST GRD | $7.6M | 4.0% | +5% | — | — | — | — | |
| 6 | AMPLIFY ETF TR - AMPLIFY CYBERSEC | $7.6M | 4.0% | -7% | — | — | — | — | |
| 7 | ISHARES TR - RUS 2000 GRW ETF | $5.1M | 2.6% | -2% | — | — | — | — | |
| 8 | $3.5M | 1.8% | -1% | +0.3% | 5+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $2.3M | 1.2% | -2% | -0.2% | 5+ qtrsTrimmed 2 qtrs in a row | 79.8#30 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | $2.0M | 1.1% | -1% | -5.1% | 5+ qtrsTrimmed 2 qtrs in a row | 67.5#363 | Estimated buy price is Pro: unlock with a free trial |
All holdings — Thoma Capital Management LLC (Q3 2026)
54 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Marvell Technology, Inc. | Technology | $2.0M | 1.1% | 7,656 | -4% | 5+ qtrsTrimmed 2 qtrs in a row | 76.4 | 13F | |
| 12 | NVIDIA CORP | Technology | $1.9M | 1.0% | 8,277 | -4% | 5+ qtrsTrimmed 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Cloudflare, Inc. | Technology | $1.8M | 0.9% | 5,137 | -10% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | DEVON ENERGY CORP/DE | Energy | $1.7M | 0.9% | 38K | -7% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Alphabet Inc. | Technology | $1.6M | 0.8% | 4,678 | -0.2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Meta Platforms, Inc. | Technology | $1.5M | 0.8% | 2,108 | -2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | ELI LILLY & Co | Healthcare | $1.2M | 0.6% | 1,014 | -3% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | COCA COLA CO | Consumer Staples | $1.1M | 0.6% | 13K | -1% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | PRICE T ROWE GROUP INC | Financials | $1.1M | 0.6% | 10K | -1% | 5+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | CHEVRON CORP | Energy | $1.0M | 0.6% | 5,107 | -0.9% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Eaton Corp plc | Industrials | $1.0M | 0.5% | 2,413 | -1% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Cheniere Energy, Inc. | Energy | $1.0M | 0.5% | 3,723 | -2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AMERICAN ELECTRIC POWER CO INC | Utilities | $984K | 0.5% | 8,291 | -0.9% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $976K | 0.5% | 4,439 | +2% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | BERKSHIRE HATHAWAY INC | Financials | $967K | 0.5% | 1,941 | -0.9% | 5+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $PLTR | Palantir Technologies Inc. | Technology | $960K | 0.5% | 5,133 | -6% | |||
| 27 | $AMGN | AMGEN INC | Healthcare | $925K | 0.5% | 2,193 | — | |||
| 28 | $DIS | Walt Disney Co | Communication Services | $918K | 0.5% | 8,753 | -0.9% | |||
| 29 | $GOOG | Alphabet Inc. | Technology | $901K | 0.5% | 2,644 | -4% | |||
| 30 | $FANG | Diamondback Energy, Inc. | Energy | $901K | 0.5% | 4,900 | -0.6% | |||
| 31 | $WMT | Walmart Inc. | Consumer Staples | $885K | 0.5% | 8,517 | +2% | |||
| 32 | $TSLA | Tesla, Inc. | Consumer Discretionary | $843K | 0.4% | 2,376 | -9% | |||
| 33 | $DLR | DIGITAL REALTY TRUST, INC. | Real Estate | $754K | 0.4% | 4,293 | +3% | |||
| 34 | $BA | BOEING CO | Industrials | $745K | 0.4% | 4,006 | +0.1% | |||
| 35 | $BX | Blackstone Inc. | Financials | $706K | 0.4% | 6,297 | +2% | |||
| 36 | $JPM | JPMORGAN CHASE & CO | Financials | $638K | 0.3% | 1,927 | -3% | |||
| 37 | $RTX | RTX Corp | Industrials | $628K | 0.3% | 3,385 | -0.5% | |||
| 38 | $ORCL | ORACLE CORP | Technology | $493K | 0.3% | 3,588 | +0.3% | |||
| 39 | — | J P MORGAN EXCHANGE TRADED F - ULTRA SHT MUNCPL | — | $455K | 0.2% | 9,004 | +80% | |||
| 40 | $ABBV | AbbVie Inc. | Healthcare | $447K | 0.2% | 1,707 | +0.2% | |||
| 41 | $AVGO | Broadcom Inc. | Technology | $424K | 0.2% | 1,208 | -3% | |||
| 42 | $HON | HONEYWELL INTERNATIONAL INC | Industrials | $411K | 0.2% | 1,946 | New | |||
| 43 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $339K | 0.2% | 1,192 | +8% | |||
| 44 | $APD | Air Products & Chemicals, Inc. | Materials | $326K | 0.2% | 1,172 | +32% | |||
| 45 | — | ISHARES TR - 0-3 MTH TREASURY | — | $325K | 0.2% | 3,226 | — | |||
| 46 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $323K | 0.2% | 436 | -9% | |||
| 47 | $CSX | CSX CORP | Industrials | $312K | 0.2% | 6,703 | — | |||
| 48 | $CAVA | CAVA GROUP, INC. | Consumer Discretionary | $311K | 0.2% | 5,753 | +1.0% | |||
| 49 | $HONA | Honeywell Aerospace Inc. | Industrials | $303K | 0.2% | 1,955 | New | |||
| 50 | $LEN | LENNAR CORP /NEW/ | Industrials | $246K | 0.1% | 3,010 | New | |||
| 51 | $MU | MICRON TECHNOLOGY INC | Technology | $240K | 0.1% | 225 | — | |||
| 52 | $V | VISA INC. | Financials | $234K | 0.1% | 652 | -0.3% | |||
| 53 | $DKNG | DraftKings Inc. | Communication Services | $214K | 0.1% | 11K | -27% | |||
| 54 | $PEG | PUBLIC SERVICE ENTERPRISE GROUP INC | Utilities | $202K | 0.1% | 2,997 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 3 new, 14 added to, 32 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
Added to (14)
- ISHARES TR - S&P 500 VAL ETF+9%
now $33.0M
- ISHARES TR - ISHS 5-10YR INVT+3%
now $35.2M
- ISHARES TR - 10+ YR INVST GRD+5%
now $7.6M
- J P MORGAN EXCHANGE TRADED F - ULTRA SHT MUNCPL+80%
now $455K
$APDAir Products & Chemicals, Inc.+32%
now $326K · held 2 qtrs, 2 adds in a row
$HDHOME DEPOT, INC.+8%
now $339K · held 5+ qtrs, 4 adds in a row
+8 more in the Excel export
Trimmed (32)
- AMPLIFY ETF TR - AMPLIFY CYBERSEC-7%
now $7.6M
now $49.7M · held 5+ qtrs
- SELECT SECTOR SPDR TR - ST STR TECHN ETF-3%
now $10.0M
now $1.8M · held 5+ qtrs, 2 trims in a row
now $1.7M · held 5+ qtrs
now $2.0M · held 5+ qtrs, 2 trims in a row
+26 more in the Excel export
Holdings by quarter
Every 13F Thoma Capital Management LLC has filed, 7 earlier quarters. Pick one to see what it held then.
Is it too late to follow Thoma Capital Management?
Q3 2026 13F filed with the SEC on Oct 19, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Thoma Capital Management's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-0.4%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 18% over the last 4
Top 10 weight
82%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
98%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Thoma Capital Management LLC disclosed 54 positions worth $191.3M in its Form 13F-HR for Q3 2026, led by $SPY (SPDR S&P 500 ETF TRUST) at 26.0% of the equity portfolio. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $HON and a full exit from $AMD. The portfolio is most concentrated in Other (78.0% of disclosed assets). All figures are sourced directly from Thoma Capital Management LLC’s Form 13F-HR filing with the SEC under CIK 2060298.
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AI-Powered Hedge Fund Analysis: Thoma Capital Management LLC
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Every holding in Thoma Capital Management LLC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.