SEC 13F Intelligence

Managers / Q1 2026

Thoma Capital Management LLC

CIK 0002060298 · 401 JEFFERSON AVENUE, TOWSON, MD, 21286 · 410-823-5442

Reported Value
$169M
Q1 2026
Positions
55
Filings on Record
6
2019–present window
Filed
Apr 20, 2026
original filing

Summary

Thoma Capital Management LLC reported $169M in U.S.-listed holdings across 55 positions for Q1 2026.

The portfolio is heavily concentrated: State Str Spdr S P 500 Etf T alone accounts for 25.2% of reported value.

Compared with Q4 2025, the fund opened 2 new positions and exited 7.

Portfolio Metrics

Turnover
+4.6%
vs prior filed quarter
Top-10 Concentration
+80.2%
share of reported value
Largest Position
+25.2%
State Str Spdr S P 500 Etf T
New / Exited
2 / 7
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. 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
Q1 ’25: $146MQ1 ’25Q3 ’25: $174MQ3 ’25Q4 ’25: $174MQ4 ’25Q1 ’26: $169MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 77.0%Common Stock: 22.0%Other: 0.5%REIT: 0.4%Closed-End Fund: 0.1%
  • ETP · 77.0% · $130M
  • Common Stock · 22.0% · $37M
  • Other · 0.5% · $860,912
  • REIT · 0.4% · $754,970
  • Closed-End Fund · 0.1% · $144,502

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GLWCORNING INCNEW+2.0K2.0K+$268,477$268,477
NEENEXTERA ENERGY INCNEW+2.2K2.2K+$208,265$208,265
NUVEEN PFD & INCOME OPPORTUNSOLD OUT−154.5K0−$1M$0
SPDR DOW JONES INDL AVERAGESOLD OUT−1.4K0−$658,381$0
VANGUARD SCOTTSDALE FDSSOLD OUT−4.6K0−$565,651$0
LMTLOCKHEED MARTIN CORPSOLD OUT−1.0K0−$492,376$0
VANGUARD MUN BD FDSSOLD OUT−4.4K0−$221,276$0
ISHARES TRSOLD OUT−1.5K0−$200,343$0

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

Holdings — Q1 2026

44 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRISHS 5-10YR INVT · S&P 500 VAL ETF · RUS 2000 GRW ETF · 10+ YR INVST GRD · 0-3 MNTH TREASRY · U.S. TECH ETF43.39%$73M902.8K
2STATE STR SPDR S&P 500 ETF TTR UNIT25.20%$43M65.5K
3SELECT SECTOR SPDR TRSTATE STREET TEC5.22%$9M66.5K
4AMPLIFY ETF TRAMPLIFY CYBERSEC3.06%$5M68.8K
5AAPLAPPLE INChistory →COM1.59%$3M10.6K
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.28%$2M7.5K
7AMZNAMAZON COM INChistory →COM1.07%$2M8.7K
8MSFTMICROSOFT CORPhistory →COM1.05%$2M4.8K
9NVDANVIDIA CORPORATIONCOM0.97%$2M9.4K
10NETCLOUDFLARE INCCL A COM0.75%$1M6.1K
11AEPAMERICAN ELEC PWR CO INCCOM0.68%$1M8.8K
12IBMINTERNATIONAL BUSINESS MACHSCOM0.65%$1M4.5K
13CHVCHEVRON CORPORATIONCOM0.62%$1M5.1K
14LNGCHENIERE ENERGY INCCOM NEW0.62%$1M3.7K
15CTRACOTERRA ENERGY INCCOM0.62%$1M29.9K
16METAMETA PLATFORMS INCCL A0.61%$1M1.8K
17DVNDEVON ENERGY CORP NEWCOM0.60%$1M20.3K
18FANGDIAMONDBACK ENERGY INCCOM0.59%$1M5.1K
19TSLATESLA INCCOM0.59%$993,3162.7K
20WMTWALMART INCCOM0.59%$991,4808.0K
21LLYELI LILLY & COCOM0.58%$984,7941.1K
22KOCOCA COLA COCOM0.57%$970,01812.8K
23TROWPRICE T ROWE GROUP INCCOM0.57%$960,07110.7K
24BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.56%$944,5032.0K
25HONGBPHONEYWELL INTL INCCOM0.53%$902,3034.0K
26MRVLMARVELL TECHNOLOGY INCCOM0.51%$862,8408.7K
27EATON CORP PLCSHS0.51%$860,9122.4K
28DISDISNEY WALT COCOM0.50%$852,5018.8K
29PLTRPALANTIR TECHNOLOGIES INCCL A0.47%$786,6945.4K
30BABOEING COCOM0.45%$769,1563.9K
31AMGNAMGEN INCCOM0.45%$762,3522.2K
32FQIDIGITAL RLTY TR INCCOM0.45%$754,9704.2K
33ORCLORACLE CORPCOM0.43%$723,1224.9K
34GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.41%$698,2769.8K
35BXBLACKSTONE INCCOM0.40%$676,0915.9K
36JPMJPMORGAN CHASE & COCOM0.32%$541,5881.8K
37DKNGDRAFTKINGS INC NEWCOM CL A0.32%$534,57624.7K
38AVGOBROADCOM INCCOM0.27%$464,4841.5K
39RTXRTX CORPORATIONCOM0.26%$446,9492.3K
40CAVACAVA GROUP INCCOM0.26%$436,5365.4K
41ABBVABBVIE INCCOM0.22%$369,6681.7K
42HDHOME DEPOT INCCOM0.21%$354,4331.1K
43VVISA INCCOM CL A0.17%$288,337954
44CSXCSX CORPCOM0.16%$275,1586.7K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$169M55Apr 20, 202613F-HRchanges · EDGAR ↗
Q4 2025$174M60Jan 8, 202613F-HRchanges · EDGAR ↗
Q3 2025$174M59Oct 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$146M63Mar 18, 202513F-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 ↗.