Thomist Capital Management, LP — 13F Holdings & Portfolio
CIK 1767809 · latest 13F-HR filed 2026-08-14
Thomist Capital Management, LP manages $314.6M in 13F-reported U.S. long-equity assets across 45 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DAR (9.83%), ARIS (8.30%), DHT (7.30%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 21 new positions and exited 25; 10 existing positions rose in reported value and 8 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
Long-equity book
Distinct positions
Filed 2026-08-14
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 69.1%Cumulative share of the portfolio held in the largest N positions.
SUITE 777
HOUSTON, TX 77046
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| KUZMA, BRIAN Control | MANAGING MEMBER OF THE GENERAL PARTNER TO THE REGISTRANT | 75% or more | Individual |
| KUZMA, BRIAN Control | SOLE MANAGING MEMBER | 75% or more | Individual |
| MONCRIEF, LOGAN Control | CHIEF COMPLIANCE OFFICER AND PARTNER | Less than 5% | Individual |
| THOMIST CAPITAL, LLC Control | GENERAL PARTNER | Less than 5% | Domestic Entity |
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- DHT HOLDINGS INC$18.5M +420.0%
- CONTROLADORA VUELA COMP DE A$5.3M +47.6%
- ARIS MINING CORPORATION$4.8M +22.5%
- OKEANIS ECO TANKERS COR$3.9M +140.8%
- PEABODY ENGR CORP$2.1M +28.0%
Top Trims
- HF SINCLAIR CORP-$28.6M -80.9%
- DELEK US HLDGS INC NEW-$6.5M -38.8%
- CORE NATURAL RESOURCES INC-$2.2M -9.4%
- FERROGLOBE PLC-$1.5M -34.3%
- WESTLAKE CORPORATION-$1.5M -17.7%
New Positions
- DARLING INGREDIENTS INC$30.9M
- GREEN PLAINS INC$19.5M
- HUDBAY MINERALS INC$17.3M
- FRONTLINE PLC$12.9M
- IAMGOLD CORP$6.4M
Exited Positions
- STEEL DYNAMICS INC$19.0M
- SSR MINING IN$16.1M
- EQUINOX GOLD CORP$12.9M
- PERMIAN RESOURCES CORP$10.9M
- SOUTHWEST AIRLS CO$10.8M
Thomist Capital Management, LP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | DARLING INGREDIENTS INC | DAR | 237266101 | $30.9M | 9.83% | 566,094 | SH |
| 2 | ARIS MINING CORPORATION | ARIS | 04040Y109 | $26.1M | 8.30% | 1,751,221 | SH |
| 3 | DHT HOLDINGS INC | DHT | Y2065G121 | $23.0M | 7.30% | 1,389,095 | SH |
| 4 | CORE NATURAL RESOURCES INC | CNR | 218937100 | $21.3M | 6.78% | 266,532 | SH |
| 5 | GREEN PLAINS INC | GPRE | 393222104 | $19.5M | 6.21% | 1,270,612 | SH |
| 6 | HUDBAY MINERALS INC | HBM | 443628102 | $17.3M | 5.50% | 734,227 | SH |
| 7 | CONTROLADORA VUELA COMP DE A | VLRS | 21240E105 | $16.4M | 5.23% | 1,754,714 | SH |
| 8 | PILGRIMS PRIDE CORP Call | PPC | 72147K908 | $14.1M | 4.47% | 500,000 | SH |
| 9 | FRONTLINE PLC | FRO | M46528101 | $12.9M | 4.09% | 369,740 | SH |
| 10 | MOSAIC CO Call | — | 61945C903 | $10.6M | 3.37% | 500,000 | SH |
| 11 | ISHARES TR Put | IFXAF | 464287955 | $10.5M | 3.34% | 35,000 | SH |
| 12 | DELEK US HLDGS INC NEW | DK | 24665A103 | $10.3M | 3.27% | 202,300 | SH |
| 13 | PEABODY ENGR CORP | BTU | 704551100 | $9.8M | 3.10% | 422,432 | SH |
| 14 | WESTLAKE CORPORATION | WLK | 960413102 | $7.0M | 2.23% | 96,200 | SH |
| 15 | VANECK ETF TRUST Call | GENZ | 92189F901 | $6.9M | 2.19% | 70,000 | SH |
| 16 | HF SINCLAIR CORP | DINO | 403949100 | $6.8M | 2.15% | 97,063 | SH |
| 17 | OKEANIS ECO TANKERS COR | ECO | Y64177101 | $6.7M | 2.13% | 133,922 | SH |
| 18 | IAMGOLD CORP | IAG | 450913108 | $6.4M | 2.04% | 404,362 | SH |
| 19 | RICE ACQUISITION CORP 3 | KRSP.U | G7553X122 | $5.7M | 1.81% | 531,645 | SH |
| 20 | PPG INDS INC | PPG | 693506107 | $5.5M | 1.74% | 45,100 | SH |
| 21 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $5.0M | 1.60% | 36,990 | SH |
| 22 | TREKOR METALS LTD | TGB | 89472Y107 | $4.2M | 1.33% | 608,925 | SH |
| 23 | MATADOR RES CO | MTDR | 576485205 | $4.0M | 1.27% | 80,200 | SH |
| 24 | PAR PAC HOLDINGS INC | PARR | 69888T207 | $3.7M | 1.18% | 66,060 | SH |
| 25 | AMERICAN AIRLINES GROUP INC | AAL | 02376R102 | $3.5M | 1.12% | 195,020 | SH |
| 26 | HMH HLDG INC | HMH | 40445M100 | $3.0M | 0.94% | 158,161 | SH |
| 27 | FERROGLOBE PLC | GSM | G33856108 | $2.9M | 0.93% | 922,217 | SH |
| 28 | CHEMOURS CO | CC | 163851108 | $2.9M | 0.93% | 142,900 | SH |
| 29 | CVR ENERGY INC | CVI | 12662P108 | $2.6M | 0.82% | 93,326 | SH |
| 30 | HUT 8 CORP | HUT | 44812J104 | $2.4M | 0.78% | 21,185 | SH |
| 31 | RYANAIR HOLDINGS PLC | RYAAY | 783513203 | $2.2M | 0.71% | 34,370 | SH |
| 32 | RANGER ENERGY SVCS INC | RNGR | 75282U104 | $1.8M | 0.58% | 113,460 | SH |
| 33 | EAGLEROCK LD LLC | EROK | 27005A105 | $1.5M | 0.47% | 70,000 | SH |
| 34 | RIOT PLATFORMS INC | RIOT | 767292105 | $1.0M | 0.32% | 36,600 | SH |
| 35 | SOLARIS RES INC | SLSR | 83419D201 | $983.7K | 0.31% | 182,360 | SH |
| 36 | MICRON TECHNOLOGY INC | MU | 595112103 | $958.1K | 0.30% | 830 | SH |
| 37 | CEREBRAS SYSTEMS INC Call | CBRS | 15675D903 | $663.0K | 0.21% | 3,000 | SH |
| 38 | ISHARES TR Put | IFXAF | 464287953 | $640.8K | 0.20% | 1,000 | SH |
| 39 | GREENLAND ENERGY CO | GLND | 70580B106 | $608.3K | 0.19% | 276,500 | SH |
| 40 | CEREBRAS SYSTEMS INC | CBRS | 15675D103 | $596.7K | 0.19% | 2,700 | SH |
| 41 | KEEL INFRASTRUCTURE CORP | KEEL | 486917107 | $475.3K | 0.15% | 82,800 | SH |
| 42 | BITDEER TECHNOLOGIES GROUP | BTDR | G11448100 | $455.5K | 0.14% | 28,700 | SH |
| 43 | FUTUREFUEL CORP | FF | 36116M106 | $337.8K | 0.11% | 74,727 | SH |
| 44 | GREENLAND ENERGY CO | GLNDW | 70580B114 | $225.2K | 0.07% | 265,000 | SH |
| 45 | SABLE OFFSHORE CORP | SOC | 78574H104 | $184.2K | 0.06% | 59,794 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-14 | $314.6M | 45 | 0001420506-26-001760 |
| 2026-03-31 | 2026-05-15 | $371.5M | 57 | 0001420506-26-001081 |
| 2025-12-31 | 2026-02-13 | $471.0M | 65 | 0001420506-26-000336 |
| 2025-09-30 | 2025-11-14 | $506.3M | 76 | 0001420506-25-003334 |
SUITE 777
HOUSTON, TX 77046