Q2 2025 · 13F-HR
THOMIST CAPITAL MANAGEMENT, LPholdings as filed
Filed 2025-08-13 · accession 0001420506-25-001916
$269.1M
Reported value
43
Positions
2025-06-30
Period end
The Brief · THOMIST CAPITAL MANAGEMENT, LP · Q2 2025
AI · grounded in 13F
THOMIST CAPITAL MANAGEMENT, LP established a new position in DK valued at $60.0M. The fund also initiated new stakes in SDRL for $33.2M and PARR for $27.2M. Additional new positions include METC at $26.0M and AA at $20.8M. The fund ended the period with 38 positions and total AUM of $269.1M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 24665A103 | DK | DELEK US HLDGS INC NEW | $47.0M | 17.5% | 2,100,000 | CALL | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $33.2M | 12.3% | 1,273,094 | Common | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $22.1M | 8.21% | 704,300 | CALL | SOLE |
| 75134P600 | METC | RAMACO RES INC | $15.0M | 5.56% | 735,100 | CALL | SOLE |
| 201723103 | CMC | COMMERCIAL METALS CO | $14.9M | 5.56% | 298,871 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $13.4M | 4.98% | 447,100 | CALL | SOLE |
| 443628102 | HBM | HUDBAY MINERALS INC | $13.4M | 4.98% | 1,268,513 | Common | SOLE |
| 24665A103 | DK | DELEK US HLDGS INC NEW | $13.1M | 4.85% | 615,907 | Common | SOLE |
| 75134P600 | METC | RAMACO RES INC | $11.1M | 4.11% | 905,747 | Common | SOLE |
| 013872106 | AA | ALCOA CORP | $7.4M | 2.76% | 260,437 | Common | SOLE |
| 902494103 | TSN | TYSON FOODS INC | $6.0M | 2.24% | 109,100 | Common | SOLE |
| 44916E100 | IPX | IPERIONX LTD | $5.8M | 2.17% | 1,885,203 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $5.5M | 2.03% | 71,600 | Common | SOLE |
| G33856108 | GSM | FERROGLOBE PLC | $5.2M | 1.93% | 1,418,951 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $5.2M | 1.92% | 252,331 | Common | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $5.1M | 1.90% | 192,131 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $4.4M | 1.65% | 14,700 | Common | SOLE |
| 576485205 | MTDR | MATADOR RES CO | $4.3M | 1.59% | 88,952 | Common | SOLE |
| 156431108 | CENX | CENTURY ALUM CO | $4.0M | 1.49% | 221,746 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $3.7M | 1.39% | 98,059 | Common | SOLE |
| 131428104 | CLMT | CALUMET INC | $3.2M | 1.18% | 200,000 | CALL | SOLE |
| 887389104 | TKR | TIMKEN CO | $3.1M | 1.14% | 41,800 | Common | SOLE |
| 403949100 | DINO | HF SINCLAIR CORP | $2.9M | 1.08% | 70,604 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $2.8M | 1.05% | 398,400 | Common | SOLE |
| 53115L104 | LBRT | LIBERTY ENERGY INC | $2.4M | 0.91% | 210,700 | Common | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $2.0M | 0.75% | 433,914 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $1.9M | 0.70% | 100,000 | CALL | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $1.6M | 0.59% | 2,812 | Common | SOLE |
| 46137V720 | PEJ | INVESCO EXCHANGE TRADED FD T | $1.4M | 0.52% | 24,600 | Common | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $938,000 | 0.35% | 67,000 | Common | SOLE |
| 78454L100 | SM | SM ENERGY CO | $931,210 | 0.35% | 37,100 | Common | SOLE |
| 767292105 | RIOT | RIOT PLATFORMS INC | $867,210 | 0.32% | 82,200 | Common | SOLE |
| 844741108 | LUV | SOUTHWEST AIRLS CO | $852,240 | 0.32% | 26,500 | Common | SOLE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $761,217 | 0.28% | 48,609 | Common | SOLE |
| 974637100 | WGO | WINNEBAGO INDS INC | $597,936 | 0.22% | 20,500 | Common | SOLE |
| 015658107 | ASTL | ALGOMA STL GROUP INC | $535,000 | 0.20% | 100,000 | CALL | SOLE |
| 866683105 | SNCY | SUN CTRY AIRLS HLDGS INC | $506,849 | 0.19% | 42,700 | Common | SOLE |
| 13462K109 | CWH | CAMPING WORLD HLDGS INC | $495,375 | 0.18% | 27,400 | Common | SOLE |
| 885160101 | THO | THOR INDS INC | $484,488 | 0.18% | 5,400 | Common | SOLE |
| 05577W200 | DOO | BRP INC | $357,414 | 0.13% | 7,400 | Common | SOLE |
| 731068102 | PII | POLARIS INC | $307,050 | 0.11% | 7,500 | Common | SOLE |
| 55826T102 | SPHR | SPHERE ENTERTAINMENT CO | $212,350 | 0.08% | 5,000 | Common | SOLE |
| 86771W105 | RUN | SUNRUN INC | $205,200 | 0.08% | 20,000 | CALL | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.