Q2 2026 13F · SEC CIK 1767809
Thomist Capital Management, LP
Hedge fundFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $271.2M
- Reported positions
- 39
- Top holdings a year, 3 yrs
- +15.2%
- Assets under management
- $736.2M
Thomist Capital Management, LP is a hedge fund that reported 39 positions worth $271.2M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Darling Ingredients Inc (DAR, 11.4%), Aris Mining Corporation (ARIS, 9.6%), DHT Holdings, Inc. (DHT, 8.5%). A portfolio copying its top holdings returned 15.2% a year over the last 3 years, against 20.4% for the S&P 500.
Thomist Capital Management, LP holdings all 39 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 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.
What Thomist Capital Management, LP bought and sold in Q2 2026, against Q1 2026.
New positions
- DAR Darling Ingredients Inc11.4% of 13F
- GPRE Green Plains Inc7.2% of 13F
- HBM Hudbay Minerals Inc6.4% of 13F
- FRO Frontline PLC4.7% of 13F
- IAG Iamgold Corp2.4% of 13F
- PPG Ppg Inds Inc2.0% of 13F
- UAL United Airls Hldgs Inc1.9% of 13F
- TGB Trekor Metals Ltd1.5% of 13F
Added to
- DHT DHT Holdings, Inc.+474.7% shares
- ECO Okeanis Eco Tankers Cor+143.1% shares
- BTU Peabody Engr Corp+82.4% shares
- RNGR Ranger Energy Services Inc+53.6% shares
- ARIS Aris Mining Corporation+52.6% shares
- PARR Par Pac Holdings Inc+47.6% shares
- WLK Westlake Corp+31.8% shares
- CNR Core Nat Res Inc+18.6% shares
Reduced
- DINO Hf Sinclair Corp-82.9% shares
- RIOT Riot Platforms Inc-45.8% shares
- DK Delek US Hldgs Inc New-45.8% shares
- RYAAY Ryanair Holdings PLC Sponsored-37.5% shares
- HUT Hut 8 Corp-28.4% shares
- FF Futurefuel Corp-21.2% shares
- GSM Ferroglobe PLC-14.9% shares
Sold out
- STLD Steel Dynamics Incwas 6.5%
- SSRM Ssr Mng Incwas 5.5%
- EQX Equinox Gold Corpwas 4.4%
- PR Permian Resources Corpwas 3.7%
- LUV Southwest Airls Cowas 3.7%
- VOO Vanguard Index Fdswas 3.5%
- RGLD Royal Gold Incwas 3.2%
- BTE Baytex Energy Corpwas 2.9%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +96.4% /yr
- S&P 500 +20.1%
- 3 years
- +15.2% /yr
- S&P 500 +20.4%
- 5 years
- +16.7% /yr
- S&P 500 +11.9%
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.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $271.2M | 39 |
| Q1 2026 | $292.5M | 43 |
| Q4 2025 | $366.6M | 58 |
| Q3 2025 | $320.9M | 59 |
| Q2 2025 | $165.8M | 35 |
| Q1 2025 | $237.7M | 33 |
| Q4 2024 | $310.6M | 45 |
| Q3 2024 | $396.1M | 28 |
| Q2 2024 | $276.9M | 35 |
| Q1 2024 | $238.9M | 26 |
| Q4 2023 | $226.3M | 28 |
| Q3 2023 | $150.6M | 24 |
Questions about Thomist Capital Management, LP's portfolio
What stocks does Thomist Capital Management, LP own?
Thomist Capital Management, LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 39 positions worth $271.2M. The largest are Darling Ingredients Inc (DAR) at 11.4%, Aris Mining Corporation (ARIS) at 9.6%, DHT Holdings, Inc. (DHT) at 8.5%, Core Nat Res Inc (CNR) at 7.9% and Green Plains Inc (GPRE) at 7.2%.
What did Thomist Capital Management, LP buy last quarter?
In Q2 2026, Thomist Capital Management, LP added a new position in Darling Ingredients Inc (DAR), a new position in Green Plains Inc (GPRE), a new position in Hudbay Minerals Inc (HBM), a new position in Frontline PLC (FRO), a new position in Iamgold Corp (IAG), DHT Holdings, Inc. (DHT) (+474.7% shares), Okeanis Eco Tankers Cor (ECO) (+143.1% shares) and Peabody Engr Corp (BTU) (+82.4% shares), compared with its Q1 2026 filing.
What did Thomist Capital Management, LP sell last quarter?
In Q2 2026, Thomist Capital Management, LP sold all of Steel Dynamics Inc (STLD), sold all of Ssr Mng Inc (SSRM), sold all of Equinox Gold Corp (EQX), sold all of Permian Resources Corp (PR), sold all of Southwest Airls Co (LUV), Hf Sinclair Corp (DINO) (-82.9% shares), Riot Platforms Inc (RIOT) (-45.8% shares) and Delek US Hldgs Inc New (DK) (-45.8% shares), compared with its Q1 2026 filing.
How has Thomist Capital Management, LP's portfolio performed?
A portfolio copying Thomist Capital Management, LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.2% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +96.4% against +20.1%. Over 5 years: +16.7% a year against +11.9%.
When is Thomist Capital Management, LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Thomist Capital Management, LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Thomist Capital Management, LP manage?
Thomist Capital Management, LP reported $736.2M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $271.2M.