1y return+94.0%S&P 500 +20.9%
3y return+52.2%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2022: $189 against $198 in the S&P 500.2
Thomist Capital Management, LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| DARDarling Ingredients Inc | $30.9M | 11.4% | New |
| ARISAris Mining Corporation | $26.1M | 9.6% | +52.6% |
| Dht Holdings IncCUSIP Y2065G121 | $23.0M | 8.5% | +474.7% |
| CNRCore Natural Resources Inc | $21.3M | 7.9% | +18.6% |
| GPREGreen Plains Inc | $19.5M | 7.2% | New |
| HBMHudbay Minerals Inc | $17.3M | 6.4% | New |
| VLRSControladora Vuela Comp De A | $16.4M | 6.1% | +14.0% |
| Frontline PLCCUSIP M46528101 | $12.9M | 4.7% | New |
| DKDelek Us Hldgs Inc New | $10.3M | 3.8% | −45.8% |
| BTUPeabody Engr Corp | $9.8M | 3.6% | +82.4% |
| WLKWestlake Corporation | $7.0M | 2.6% | +31.8% |
| DINOHf Sinclair Corp | $6.8M | 2.5% | −82.9% |
| Okeanis Eco Tankers CorCUSIP Y64177101 | $6.7M | 2.5% | +143.1% |
| IAGIamgold Corp | $6.4M | 2.4% | New |
| Rice Acquisition Corp 3CUSIP G7553X122 | $5.7M | 2.1% | +5.0% |
| PPGPpg Inds Inc | $5.5M | 2.0% | New |
| UALUnited Airls Hldgs Inc | $5.0M | 1.9% | New |
| TGBTrekor Metals Ltd | $4.2M | 1.5% | New |
| MTDRMatador Res Co | $4.0M | 1.5% | New |
| PARRPar Pac Holdings Inc | $3.7M | 1.4% | +47.6% |
| AALAmerican Airlines Group Inc | $3.5M | 1.3% | New |
| HMHHmh Hldg Inc | $3.0M | 1.1% | New |
| Ferroglobe PLCCUSIP G33856108 | $2.9M | 1.1% | −14.9% |
| CCChemours Co | $2.9M | 1.1% | New |
| CVICvr Energy Inc | $2.6M | 0.9% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PARRPar Pac Holdings Inc | June 30, 2022 | +259.7% | $3.7M |
| HUTHut 8 Corp | December 31, 2025 | +151.3% | $2.4M |
| RIOTRiot Platforms Inc | March 31, 2026 | +121.5% | $1.0M |
| DINOHf Sinclair Corp | September 30, 2024 | +56.3% | $6.8M |
| VLRSControladora Vuela Comp De A | September 30, 2025 | +30.5% | $16.4M |
| FFFuturefuel Corp | March 31, 2026 | +17.4% | $338K |
| DKDelek Us Hldgs Inc New | March 31, 2026 | +12.7% | $10.3M |
| RYAAYRyanair Holdings PLC | March 31, 2026 | +12.0% | $2.2M |
| Rice Acquisition Corp 3CUSIP G7553X122 | December 31, 2025 | +2.0% | $5.7M |
| Okeanis Eco Tankers CorCUSIP Y64177101 | March 31, 2026 | −0.9% | $6.7M |
Sold off last quarter
- STLDSteel Dynamics Inc was $19.0M
- SSRMSsr Mining In was $16.1M
- EQXEquinox Gold Corp was $12.9M
- PRPermian Resources Corp was $10.9M
- LUVSouthwest Airls Co was $10.8M
- VOOVanguard Index Fds was $10.2M
- RGLDRoyal Gold Inc was $9.5M
- BTEBaytex Energy Corp was $8.4M
- EMNEastman Chem Co was $6.5M
- Scorpio Tankers IncCUSIP Y7542C130 was $4.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.7% | +14.8% |
| March 31, 2026 | +29.0% | −4.6% |
| December 31, 2025 | +10.3% | +2.4% |
| September 30, 2025 | +38.7% | +7.8% |
| June 30, 2025 | +6.0% | +10.5% |
| March 31, 2025 | −14.1% | −4.6% |
| December 31, 2024 | −14.4% | +2.1% |
| September 30, 2024 | +5.2% | +5.4% |
| June 30, 2024 | −9.5% | +4.0% |
| March 31, 2024 | −5.3% | +10.0% |
| December 31, 2023 | +4.2% | +11.2% |
| September 30, 2023 | +7.2% | −3.6% |
| June 30, 2023 | +0.1% | +8.3% |
| March 31, 2023 | +4.2% | +7.0% |
| December 31, 2022 | +9.1% | +7.1% |
| September 30, 2022 | +8.9% | −5.3% |
| March 31, 2022 | +32.4% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Thomist Capital Management, LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1767809&type=13F-HR&dateb=&owner=include&count=40CIK 1767809
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1767809/000142050626001760/Filed August 14, 2026 · accession 0001420506-26-001760