Q3 2026 13F · SEC CIK 2060298

Thoma Capital Management LLC

Wealth managerFiled 2026-10-19 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $191.3M
Reported positions: 54
Holdings vs S&P 500, 3 yrs: —
Assets under management: $310.1M

Thoma Capital Management LLC is a wealth manager that reported 54 positions worth $191.3M in its Q3 2026 13F, filed 2026-10-19. Its largest holdings were State Str Spdr S&p 500 ETF T (SPY, 26.0%), Ishares Tr (IGIB, 18.4%), Ishares Tr (IVE, 17.2%).

Thoma Capital Management LLC holdings largest 50 of 54 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Thoma Capital Management LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SPYState Str Spdr S&p 500 ETF T	26.0%	26.2%	65,184	-1.0%	$49.7M
IGIBIshares Tr	18.4%	19.2%	698,644	+3.1%	$35.2M
IVEIshares Tr	17.2%	16.1%	144,377	+8.9%	$33.0M
XLKSelect Sector Spdr Tr	5.2%	5.3%	51,167	-2.6%	$10.0M
IGLBIshares Tr	4.0%	4.2%	166,932	+5.1%	$7.6M
HACKAmplify ETF Tr	4.0%	3.8%	62,651	-6.8%	$7.6M
IWOIshares Tr	2.6%	3.0%	14,191	-1.6%	$5.1M
AAPLApple Inc	1.8%	1.6%	10,560	-1.1%	$3.5M
MSFTMicrosoft Corp	1.2%	0.9%	4,427	-2.4%	$2.3M
AMZNAmazon Com Inc	1.1%	1.1%	8,225	-1.2%	$2.0M
MRVLMarvell Technology Inc	1.1%	1.3%	7,656	-4.3%	$2.0M
NVDANvidia Corporation	1.0%	0.9%	8,277	-4.2%	$1.9M
NETCloudflare Inc	0.9%	0.7%	5,137	-10.2%	$1.8M
DVNDevon Energy Corp New	0.9%	0.9%	37,673	-7.1%	$1.7M
GOOGLAlphabet Inc	0.8%	0.9%	4,678	-0.2%	$1.6M
METAMeta Platforms Inc	0.8%	0.7%	2,108	-2.5%	$1.5M
LLYEli Lilly & Co	0.6%	0.7%	1,014	-2.7%	$1.2M
KOCoca Cola Co	0.6%	0.6%	12,818	-1.0%	$1.1M
TROWPrice T Rowe Group Inc	0.6%	0.6%	10,156	-1.5%	$1.1M
CVXChevron Corporation	0.5%	0.5%	5,107	-0.9%	$1.0M
ETNEaton Corp PLC	0.5%	0.6%	2,413	-1.2%	$1.0M
LNGCheniere Energy Inc	0.5%	0.5%	3,723	-1.9%	$1.0M
AEPAmerican Elec Pwr Co Inc	0.5%	0.6%	8,291	-0.9%	$984K
IBMInternational Business Machs	0.5%	0.7%	4,439	+2.2%	$976K
BRK-BBerkshire Hathaway Inc Del	0.5%	0.5%	1,941	-0.9%	$967K
PLTRPalantir Technologies Inc	0.5%	0.3%	5,133	-6.4%	$960K
AMGNAmgen Inc	0.5%	0.4%	2,193	+0.0%	$925K
DISDisney Walt Co	0.5%	0.5%	8,753	-0.9%	$918K
GOOGAlphabet Inc	0.5%	0.5%	2,644	-4.4%	$901K
FANGDiamondback Energy Inc	0.5%	0.5%	4,900	-0.6%	$901K
WMTWalmart Inc	0.5%	0.5%	8,517	+2.2%	$885K
TSLATesla Inc	0.4%	0.6%	2,376	-9.2%	$843K
DLRDigital Rlty Tr Inc	0.4%	0.4%	4,293	+2.6%	$754K
BABoeing Co	0.4%	0.5%	4,006	+0.1%	$745K
BXBlackstone Inc	0.4%	0.4%	6,297	+1.7%	$706K
JPMJpmorgan Chase & Co	0.3%	0.3%	1,927	-3.5%	$638K
RTXRtx Corporation	0.3%	0.3%	3,385	-0.5%	$628K
ORCLOracle Corp	0.3%	0.3%	3,588	+0.3%	$493K
JMSTJ P Morgan Exchange Traded F	0.2%	0.1%	9,004	+79.6%	$455K
ABBVAbbvie Inc	0.2%	0.2%	1,707	+0.2%	$447K
AVGOBroadcom Inc	0.2%	0.3%	1,208	-3.2%	$424K
HONHoneywell Intl Inc	0.2%	—	1,946	—	$411K
HDHome Depot Inc	0.2%	0.2%	1,192	+7.7%	$339K
APDAir Products and Chemicals I	0.2%	0.1%	1,172	+31.8%	$326K
SGOVIshares Tr	0.2%	0.2%	3,226	+0.0%	$325K
QQQInvesco Qqq Tr	0.2%	0.2%	436	-9.0%	$323K
CSXCsx Corp	0.2%	0.2%	6,703	+0.0%	$312K
CAVACava Group Inc	0.2%	0.2%	5,753	+1.0%	$311K
HONAHoneywell Aerospace Inc	0.2%	—	1,955	—	$303K
LENLennar Corp	0.1%	—	3,010	—	$246K

What Thoma Capital Management LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

JMST J P Morgan Exchange Traded F+79.6% shares
APD Air Products and Chemicals I+31.8% shares
IVE Ishares Tr+8.9% shares
HD Home Depot Inc+7.7% shares
IGLB Ishares Tr+5.1% shares

Reduced

NET Cloudflare Inc-10.2% shares
TSLA Tesla Inc-9.2% shares
QQQ Invesco Qqq Tr-9.0% shares
DVN Devon Energy Corp New-7.1% shares
HACK Amplify ETF Tr-6.8% shares
PLTR Palantir Technologies Inc-6.4% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +16.2% /yr; S&P 500 +22.0%
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$191.3M	54
Q2 2026	$187.5M	53
Q1 2026	$169.1M	55
Q4 2025	$173.6M	60
Q3 2025	$174.1M	59
Q2 2025	$157.1M	58
Q4 2024	$146.0M	63

Questions about Thoma Capital Management LLC's portfolio

What stocks does Thoma Capital Management LLC own?

Thoma Capital Management LLC's latest 13F, for Q3 2026 and filed Oct 19, 2026, lists 54 positions worth $191.3M. The largest are State Str Spdr S&p 500 ETF T (SPY) at 26.0%, Ishares Tr (IGIB) at 18.4%, Ishares Tr (IVE) at 17.2%, Select Sector Spdr Tr (XLK) at 5.2% and Ishares Tr (IGLB) at 4.0%.

What did Thoma Capital Management LLC buy last quarter?

In Q3 2026, Thoma Capital Management LLC added J P Morgan Exchange Traded F (JMST) (+79.6% shares), Air Products and Chemicals I (APD) (+31.8% shares) and Ishares Tr (IVE) (+8.9% shares), compared with its Q2 2026 filing.

What did Thoma Capital Management LLC sell last quarter?

In Q3 2026, Thoma Capital Management LLC cut from its top 50 Draftkings Inc (DKNG), cut from its top 50 Micron Technology Inc (MU), cut from its top 50 Public Svc Enterprise Group (PEG), Cloudflare Inc (NET) (-10.2% shares), Tesla Inc (TSLA) (-9.2% shares) and Invesco Qqq Tr (QQQ) (-9.0% shares), compared with its Q2 2026 filing.

When is Thoma Capital Management LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Thoma Capital Management LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Thoma Capital Management LLC manage?

Thoma Capital Management LLC reported $310.1M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $191.3M.