SEC 13F Intelligence

Managers / Q3 2023 · view latest →

THOMIST CAPITAL MANAGEMENT, LP

CIK 0001767809 · 3773 RICHMOND AVE, SUITE 777, HOUSTON, TX, 77046 · 8326782412

Reported Value
$161M
Q3 2023
Positions
25
Filings on Record
18
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Thomist Capital Management, LP reported $161M in U.S.-listed holdings across 25 positions for Q3 2023.

Its largest position, SGML, represents 17.8% of the portfolio.

Compared with Q2 2023, the fund opened 13 new positions and exited 10.

Portfolio Metrics

Turnover
+37.3%
vs prior filed quarter
Top-10 Concentration
+81.4%
share of reported value
Largest Position
+17.8%
Sigma Lithium Corporation
New / Exited
13 / 10
positions this quarter

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

13F Reported Value
Q4 ’21: $102MQ4 ’21Q1 ’22: $188MQ2 ’22: $143MQ3 ’22: $134MQ3 ’22Q4 ’22: $203MQ1 ’23: $169MQ2 ’23: $159MQ2 ’23Q3 ’23: $161MQ4 ’23: $226MQ1 ’24: $243MQ1 ’24Q2 ’24: $280MQ3 ’24: $510MQ4 ’24: $385MQ4 ’24Q1 ’25: $254MQ2 ’25: $269MQ3 ’25: $506MQ3 ’25Q4 ’25: $471MQ1 ’26: $371Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.6%ADR: 9.2%ETP: 6.2%
  • Common Stock · 84.6% · $136M
  • ADR · 9.2% · $15M
  • ETP · 6.2% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SILVERBOW RES INCNEW+270.1K270.1K+$10M$10M
TECKTECK RESOURCES LTDNEW+147.9K147.9K+$6M$6M
STLDSTEEL DYNAMICS INCNEW+18.8K18.8K+$2M$2M
FCXFREEPORT-MCMORAN INCNEW+45.0K45.0K+$2M$2M
NXENEXGEN ENERGY LTDNEW+250.0K250.0K+$1M$1M
CRGYCRESCENT ENERGY COMPANYNEW+104.8K104.8K+$1M$1M
HBMHUDBAY MINERALS INCNEW+237.9K237.9K+$1M$1M
ARCH RESOURCES INCNEW+6.5K6.5K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SGMLSIGMA LITHIUM CORPORATIONhistory →COM17.82%$29M884.4K
2ASTLALGOMA STL GROUP INChistory →COM13.45%$22M3.19M
3RIORIO TINTO PLChistory →SPONSORED ADR9.19%$15M232.6K
4MPCMARATHON PETE CORPhistory →COM8.71%$14M92.7K
5BTEBAYTEX ENERGY CORPhistory →COM8.45%$14M3.09M
6XLESELECT SECTOR SPDR TRhistory →ENERGY6.17%$10M110.0K
7SILVERBOW RES INCCOM6.00%$10M270.1K
8BTUPEABODY ENERGY CORPhistory →COM5.89%$9M364.9K
9TECKTECK RESOURCES LTDhistory →CL B3.96%$6M147.9K
10PARRPAR PAC HOLDINGS INChistory →COM NEW1.75%$3M78.5K
11KOSKOSMOS ENERGY LTDhistory →COM1.67%$3M328.5K
12MURMURPHY OIL CORPhistory →COM1.62%$3M57.5K
13STLDSTEEL DYNAMICS INChistory →COM1.25%$2M18.8K
14ATLXATLAS LITHIUM CORPhistory →COM NEW1.14%$2M60.0K
15FCXFREEPORT-MCMORAN INChistory →CL B1.04%$2M45.0K
16NXENEXGEN ENERGY LTDCOM0.93%$1M250.0K
17CRGYCRESCENT ENERGY COMPANYCL A COM0.82%$1M104.8K
18HBMHUDBAY MINERALS INCCOM0.72%$1M237.9K
19ARCH RESOURCES INCCL A0.69%$1M6.5K
20RUNSUNRUN INCCOM0.66%$1M85.0K
21NOVAQSUNNOVA ENERGY INTL INC.COM0.65%$1M100.0K
22AMTXAEMETIS INCCOM NEW0.37%$598,492144.2K
23VERTEX ENERGY INCCOM0.37%$594,520133.6K
24ALTOALTO INGREDIENTS INCCOM0.19%$309,27670.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$371M57May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$471M65Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$506M76Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$269M43Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$254M38May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$385M50Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$510M29Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$280M37Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$243M27Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$226M29Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$161M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$159M22Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$169M20May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$203M29Feb 9, 202313F-HRchanges · EDGAR ↗
Q3 2022$134M20Oct 21, 202213F-HRchanges · EDGAR ↗
Q2 2022$143M22Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$188M20May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$102M13Feb 11, 202213F-HRchanges · 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 ↗.