SEC 13F Intelligence

Managers / Q4 2024 · view latest →

THOMIST CAPITAL MANAGEMENT, LP

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

Reported Value
$385M
Q4 2024
Positions
50
Filings on Record
18
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Thomist Capital Management, LP reported $385M in U.S.-listed holdings across 50 positions for Q4 2024.

Its largest position, STLD, represents 9.0% of the portfolio.

Compared with Q3 2024, the fund opened 30 new positions and exited 9.

Portfolio Metrics

Turnover
+56.2%
vs prior filed quarter
Top-10 Concentration
+51.6%
share of reported value
Largest Position
+9.0%
Steel Dynamics
New / Exited
30 / 9
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: 76.0%Other: 19.4%ETP: 3.7%ADR: 0.9%
  • Common Stock · 76.0% · $292M
  • Other · 19.4% · $75M
  • ETP · 3.7% · $14M
  • ADR · 0.9% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
STLDSTEEL DYNAMICS INCNEW+305.7K305.7K+$35M$35M
WARRIOR MET COAL INCNEW+588.9K588.9K+$32M$32M
CHRDCHORD ENERGY CORPORATIONNEW+161.3K161.3K+$18M$18M
NUCOR CORPNEW+146.1K146.1K+$17M$17M
NUENUCOR CORPNEW+143.7K143.7K+$17M$17M
STEEL DYNAMICS INCNEW+139.6K139.6K+$16M$16M
HCCWARRIOR MET COAL INCNEW+220.7K220.7K+$12M$12M
CFCF INDS HLDGS INCNEW+131.7K131.7K+$11M$11M

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

Holdings — Q4 2024

45 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1STLDSTEEL DYNAMICS INChistory →COM9.05%$35M305.7K
2ASTLALGOMA STL GROUP INChistory →COM8.79%$34M3.50M
3SDRLSEADRILL 2021 LTDhistory →COM6.98%$27M700.4K
4CHRDCHORD ENERGY CORPORATIONhistory →COM NEW4.80%$18M161.3K
5DARDARLING INGREDIENTS INChistory →COM4.47%$17M520.4K
6NUENUCOR CORPhistory →COM4.34%$17M143.7K
7PSXPHILLIPS 66history →COM4.32%$17M148.5K
8HCCWARRIOR MET COAL INChistory →COM3.13%$12M220.7K
9BTUPEABODY ENERGY CORPhistory →COM2.88%$11M533.8K
10CFCF INDS HLDGS INChistory →COM2.88%$11M131.7K
11ADMARCHER DANIELS MIDLAND COhistory →COM2.80%$11M215.2K
12DINOHF SINCLAIR CORPhistory →COM2.46%$9M274.2K
13GSMFERROGLOBE PLChistory →SHS2.44%$9M2.48M
14SOCSABLE OFFSHORE CORPhistory →COM SHS1.84%$7M300.0K
15GLDSPDR GOLD TRhistory →GOLD SHS1.65%$6M26.4K
16CLFCLEVELAND-CLIFFS INC NEWhistory →COM1.44%$6M590.3K
17CONSOL ENERGY INC NEWCOM1.30%$5M47.3K
18XOPSPDR SER TRhistory →S&P OILGAS EXP1.27%$5M37.5K
19AAALCOA CORPhistory →COM1.26%$5M130.1K
20UNITED STATES STL CORP NEWCOM1.10%$4M136.4K
21CIVICIVITAS RESOURCES INChistory →COM NEW1.05%$4M90.6K
22VLOVALERO ENERGY CORPCOM0.98%$4M31.5K
23PTENPATTERSON-UTI ENERGY INCCOM0.91%$4M431.6K
24IPXIPERIONX LTDSPONSORED ADS0.90%$3M939.1K
25HUNHUNTSMAN CORPCOM0.79%$3M172.9K
26HONHONEYWELL INTL INCCOM0.77%$3M13.1K
27SLVISHARES SILVER TRISHARES0.77%$3M112.2K
28EOGEOG RES INCCOM0.53%$2M16.6K
29COPCONOCOPHILLIPSCOM0.52%$2M20.3K
30PRPERMIAN RESOURCES CORPCLASS A COM0.52%$2M138.5K
31FANGDIAMONDBACK ENERGY INCCOM0.52%$2M12.2K
32WFRDWEATHERFORD INTL PLCORD SHS0.50%$2M27.8K
33CDECOEUR MNG INCCOM NEW0.41%$2M280.0K
34IRENIREN LIMITEDORDINARY SHARES0.36%$1M139.0K
35GPREGREEN PLAINS INCCOM0.29%$1M126.0K
36NBRNABORS INDUSTRIES LTDSHS0.28%$1M20.0K
37NPKINPK INTERNATIONAL INCCOM SHS0.21%$824,715110.7K
38CVICVR ENERGY INCCOM0.20%$781,37642.1K
39SGMLSIGMA LITHIUM CORPORATIONCOM0.20%$772,80070.0K
40ATLXATLAS LITHIUM CORPCOM NEW0.17%$662,356102.1K
41APLDAPPLIED DIGITAL CORPCOM NEW0.15%$595,80574.8K
42DIVERSIFIED ENERGY COMPANY PSHS NEW0.14%$546,74432.7K
43HUTHUT 8 CORPCOM0.13%$501,68824.2K
44CORZCORE SCIENTIFIC INC NEWCOM0.13%$490,79735.4K
45PARRPAR PAC HOLDINGS INCCOM NEW0.10%$377,83523.5K

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 ↗.