Q3 2025 · 13F-HR
THOMIST CAPITAL MANAGEMENT, LPholdings as filed
Filed 2025-11-14 · accession 0001420506-25-003334
$506.3M
Reported value
76
Positions
2025-09-30
Period end
The Brief · THOMIST CAPITAL MANAGEMENT, LP · Q3 2025
AI · grounded in 13F
THOMIST CAPITAL MANAGEMENT, LP established a new position in SPDR SERIES TRUST valued at $55.1M. The fund also initiated new stakes in NUTRIEN LTD for $47.7M and SDRL for $38.7M. Additional new positions include SPDR S&P 500 ETF TR at $33.3M and BG at $22M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78464A908 | — | SPDR SERIES TRUST | $55.1M | 10.9% | 870,000 | CALL | SOLE |
| 67077M958 | NTR | NUTRIEN LTD | $47.7M | 9.43% | 813,000 | PUT | SOLE |
| G7997W102 | SDRL | SEADRILL LTD | $38.7M | 7.65% | 1,269,299 | Common | SOLE |
| 78462F953 | SPY | SPDR S&P 500 ETF TR | $33.3M | 6.58% | 50,000 | PUT | SOLE |
| H11356104 | BG | BUNGE GLOBAL SA | $22.0M | 4.34% | 266,664 | Common | SOLE |
| 237266101 | DAR | DARLING INGREDIENTS INC | $20.5M | 4.04% | 667,347 | Common | SOLE |
| 91913Y100 | VLO | VALERO ENERGY CORP | $19.8M | 3.91% | 114,900 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $17.0M | 3.36% | 48,300 | Common | SOLE |
| 403949100 | DINO | HF SINCLAIR CORP | $16.4M | 3.24% | 312,400 | Common | SOLE |
| 680665205 | OLN | OLIN CORP | $15.2M | 3.01% | 623,386 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $13.6M | 2.69% | 214,300 | Common | SOLE |
| 450913108 | IAG | IAMGOLD CORP | $13.5M | 2.66% | 1,050,227 | Common | SOLE |
| 767204100 | RIO | RIO TINTO PLC | $11.5M | 2.27% | 174,400 | Common | SOLE |
| 04040Y109 | ARIS | ARIS MNG CORP | $10.0M | 1.98% | 1,018,106 | Common | SOLE |
| H11356904 | BG | BUNGE GLOBAL SA | $8.1M | 1.60% | 100,000 | CALL | SOLE |
| 03212B903 | AMPY | AMPLIFY ENERGY CORP NEW | $7.9M | 1.56% | 1,500,000 | CALL | SOLE |
| 039483102 | ADM | ARCHER DANIELS MIDLAND CO | $7.7M | 1.52% | 127,300 | Common | SOLE |
| 902494103 | TSN | TYSON FOODS INC | $7.1M | 1.40% | 131,298 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $6.7M | 1.33% | 203,000 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $6.6M | 1.31% | 247,600 | Common | SOLE |
| 21240E105 | VLRS | CONTROLADORA VUELA COMP DE A | $6.6M | 1.31% | 972,195 | Common | SOLE |
| G33856108 | GSM | FERROGLOBE PLC | $6.5M | 1.28% | 1,494,911 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $6.4M | 1.27% | 18,700 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $6.2M | 1.23% | 44,770 | Common | SOLE |
| 185899901 | CLF | CLEVELAND-CLIFFS INC NEW | $6.1M | 1.21% | 500,300 | CALL | SOLE |
| Q4982L959 | — | IREN LIMITED | $6.1M | 1.21% | 130,000 | PUT | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $6.0M | 1.19% | 92,900 | Common | SOLE |
| 84265V105 | SCCO | SOUTHERN COPPER CORP | $5.9M | 1.16% | 48,700 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $5.1M | 1.00% | 22,900 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $4.5M | 0.88% | 41,900 | Common | SOLE |
| 75281A109 | RRC | RANGE RES CORP | $4.3M | 0.86% | 115,900 | Common | SOLE |
| 78574H904 | SOC | SABLE OFFSHORE CORP | $4.2M | 0.83% | 240,000 | CALL | SOLE |
| 826599102 | SGML | SIGMA LITHIUM CORPORATION | $3.9M | 0.77% | 570,089 | Common | SOLE |
| 960413102 | WLK | WESTLAKE CORPORATION | $3.6M | 0.70% | 46,200 | Common | SOLE |
| 447011907 | HUN | HUNTSMAN CORP | $2.7M | 0.53% | 300,000 | CALL | SOLE |
| 680665905 | OLN | OLIN CORP | $2.5M | 0.49% | 100,000 | CALL | SOLE |
| 156431108 | CENX | CENTURY ALUM CO | $2.5M | 0.49% | 83,991 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $2.4M | 0.48% | 17,900 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $2.2M | 0.43% | 64,900 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $2.1M | 0.42% | 38,800 | Common | SOLE |
| 17888H103 | CIVI | CIVITAS RESOURCES INC | $2.0M | 0.40% | 61,300 | Common | SOLE |
| 402635502 | GPOR | GULFPORT ENERGY CORP | $2.0M | 0.40% | 11,300 | Common | SOLE |
| G9087Q902 | TROX | TRONOX HOLDINGS PLC | $2.0M | 0.40% | 500,000 | CALL | SOLE |
| 69888T207 | PARR | PAR PAC HOLDINGS INC | $1.9M | 0.38% | 54,200 | Common | SOLE |
| 72919P952 | PLUG | PLUG POWER INC | $1.9M | 0.37% | 800,000 | PUT | SOLE |
| 449109907 | HYLN | HYLIION HOLDINGS CORP | $1.8M | 0.36% | 927,600 | CALL | SOLE |
| 844741108 | LUV | SOUTHWEST AIRLS CO | $1.8M | 0.36% | 55,410 | Common | SOLE |
| 88080T954 | WULF | TERAWULF INC | $1.7M | 0.34% | 150,000 | PUT | SOLE |
| 02156V959 | OKLO | OKLO INC | $1.7M | 0.33% | 15,100 | PUT | SOLE |
| 412822108 | HOG | HARLEY DAVIDSON INC | $1.7M | 0.33% | 57,850 | Common | SOLE |
| 731068102 | PII | POLARIS INC | $1.4M | 0.27% | 23,391 | Common | SOLE |
| 21873S958 | CRWV | COREWEAVE INC | $1.4M | 0.27% | 10,000 | PUT | SOLE |
| 201723103 | CMC | COMMERCIAL METALS CO | $1.3M | 0.26% | 22,600 | Common | SOLE |
| 17253J956 | CIFRW | CIPHER MINING INC | $1.3M | 0.25% | 100,000 | PUT | SOLE |
| 13462K109 | CWH | CAMPING WORLD HLDGS INC | $1.2M | 0.25% | 76,865 | Common | SOLE |
| 974637100 | WGO | WINNEBAGO INDS INC | $1.2M | 0.23% | 34,315 | Common | SOLE |
| 457651107 | INVX | INNOVEX INTERNATIONAL INC | $1.1M | 0.22% | 60,909 | Common | SOLE |
| 78464A888 | XHB | SPDR SERIES TRUST | $995,670 | 0.20% | 9,000 | Common | SOLE |
| 393222104 | GPRE | GREEN PLAINS INC | $949,770 | 0.19% | 103,800 | Common | SOLE |
| 885160101 | THO | THOR INDS INC | $923,558 | 0.18% | 8,820 | Common | SOLE |
| 05577W200 | DOO | BRP INC | $844,587 | 0.17% | 13,980 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $823,216 | 0.16% | 14,070 | Common | SOLE |
| 83419D201 | SLSR | SOLARIS RES INC | $805,600 | 0.16% | 126,800 | Common | SOLE |
| 51817R205 | LTM | LATAM AIRLINES GROUP SA | $801,244 | 0.16% | 17,945 | Common | SOLE |
| 80007P869 | SD | SANDRIDGE ENERGY INC | $666,000 | 0.13% | 59,200 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $581,295 | 0.11% | 4,875 | Common | SOLE |
| 830879102 | SKYW | SKYWEST INC | $558,306 | 0.11% | 5,545 | Common | SOLE |
| 92206C664 | VTWO | VANGUARD SCOTTSDALE FDS | $405,428 | 0.08% | 4,151 | Common | SOLE |
| 864159108 | RGR | STURM RUGER & CO INC | $384,930 | 0.08% | 9,000 | Common | SOLE |
| 866683105 | SNCY | SUN CTRY AIRLS HLDGS INC | $338,751 | 0.07% | 28,300 | Common | SOLE |
| G66721104 | NCLH | NORWEGIAN CRUISE LINE HLDG L | $314,523 | 0.06% | 12,708 | Common | SOLE |
| 038169207 | APLD | APPLIED DIGITAL CORP | $310,100 | 0.06% | 14,000 | Common | SOLE |
| 55826T102 | SPHR | SPHERE ENTERTAINMENT CO | $309,979 | 0.06% | 4,990 | Common | SOLE |
| 940923105 | WBI | WATERBRIDGE INFRASTRUCTURE L | $245,200 | 0.05% | 10,000 | Common | SOLE |
| 29970N104 | EVEX | EVE HLDG INC | $189,038 | 0.04% | 48,596 | Common | SOLE |
| 30049H102 | EVLV | EVOLV TECHNOLOGIES HLDNGS IN | $137,460 | 0.03% | 17,400 | Common | 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.