Managers / Q3 2022 · view latest →
THOMIST CAPITAL MANAGEMENT, LP
CIK 0001767809 · 3773 RICHMOND AVE, SUITE 777, HOUSTON, TX, 77046 · 8326782412
Summary
Thomist Capital Management, LP reported $134M in U.S.-listed holdings across 20 positions for Q3 2022.
The portfolio is heavily concentrated: BTU alone accounts for 31.2% of reported value.
Compared with Q2 2022, the fund opened 14 new positions and exited 16.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 89.1% · $119M
- Other · 10.9% · $15M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BTUPEABODY ENERGY CORP | NEW | +1.68M | 1.68M | +$42M | $42M |
| BUNGE LIMITED | NEW | +164.3K | 164.3K | +$14M | $14M |
| DINOHF SINCLAIR CORP | NEW | +172.7K | 172.7K | +$9M | $9M |
| ADMARCHER DANIELS MIDLAND CO | NEW | +97.9K | 97.9K | +$8M | $8M |
| RANGER OIL CORPORATION | NEW | +203.1K | 203.1K | +$6M | $6M |
| NFENEW FORTRESS ENERGY INC | NEW | +114.0K | 114.0K | +$5M | $5M |
| SGMLSIGMA LITHIUM CORPORATION | NEW | +147.5K | 147.5K | +$4M | $4M |
| VLOVALERO ENERGY CORP | NEW | +30.0K | 30.0K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BTUPEABODY ENERGY CORPhistory → | COM | 31.15% | $42M | 1.68M |
| 2 | BUNGE LIMITED | COM | 10.14% | $14M | 164.3K |
| 3 | PDC ENERGY INC | COM | 9.51% | $13M | 220.2K |
| 4 | MPCMARATHON PETE CORPhistory → | COM | 7.85% | $11M | 105.8K |
| 5 | DINOHF SINCLAIR CORPhistory → | COM | 6.95% | $9M | 172.7K |
| 6 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 5.89% | $8M | 97.9K |
| 7 | RANGER OIL CORPORATION | CLASS A COM | 4.77% | $6M | 203.1K |
| 8 | NFENEW FORTRESS ENERGY INChistory → | COM CL A | 3.72% | $5M | 114.0K |
| 9 | CFCF INDS HLDGS INChistory → | COM | 3.59% | $5M | 49.9K |
| 10 | SGMLSIGMA LITHIUM CORPORATIONhistory → | COM | 3.00% | $4M | 147.5K |
| 11 | SMSM ENERGY COhistory → | COM | 2.56% | $3M | 91.1K |
| 12 | VLOVALERO ENERGY CORPhistory → | COM | 2.40% | $3M | 30.0K |
| 13 | PARRPAR PAC HOLDINGS INChistory → | COM NEW | 2.22% | $3M | 181.4K |
| 14 | DARDARLING INGREDIENTS INChistory → | COM | 1.81% | $2M | 36.6K |
| 15 | EXECHESAPEAKE ENERGY CORPhistory → | COM | 1.61% | $2M | 22.8K |
| 16 | CVICVR ENERGY INC | COM | 0.87% | $1M | 40.0K |
| 17 | RICE ACQUISITION CORP II | SHS CL A | 0.78% | $1M | 105.3K |
| 18 | CRKCOMSTOCK RES INC | COM | 0.69% | $922,000 | 53.3K |
| 19 | NATNORDIC AMERICAN TANKERS LIMI | COM | 0.44% | $583,000 | 218.2K |
| 20 | TELLURIAN INC NEW | COM | 0.05% | $69,000 | 28.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $371M | 57 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $471M | 65 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $506M | 76 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $269M | 43 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $254M | 38 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $385M | 50 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $510M | 29 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $280M | 37 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $243M | 27 | Apr 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $226M | 29 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $161M | 25 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $159M | 22 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $169M | 20 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $203M | 29 | Feb 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $134M | 20 | Oct 21, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $143M | 22 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $188M | 20 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $102M | 13 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.