SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Thoma Capital Management LLC

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

Reported Value
$146M
Q1 2025
Positions
63
Filings on Record
6
2019–present window
Filed
Mar 18, 2025
original filing

Summary

Thoma Capital Management LLC reported $146M in U.S.-listed holdings across 63 positions for Q1 2025.

Its largest position, Spdr S P 500 Etf Tr, represents 18.9% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+74.4%
share of reported value
Largest Position
+18.9%
Spdr S P 500 Etf Tr

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: 69.9%Common Stock: 26.1%Closed-End Fund: 3.2%Other: 0.6%REIT: 0.2%
  • ETP · 69.9% · $102M
  • Common Stock · 26.1% · $38M
  • Closed-End Fund · 3.2% · $5M
  • Other · 0.6% · $815,736
  • REIT · 0.2% · $342,335

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR S&P 500 ETF TRNEW+47.0K47.0K+$28M$28M
ISHARES TRNEW+532.9K532.9K+$27M$27M
ISHARES TRNEW+60.7K60.7K+$12M$12M
ISHARES TRNEW+39.7K39.7K+$11M$11M
SELECT SECTOR SPDR TRNEW+43.4K43.4K+$10M$10M
AMPLIFY ETF TRNEW+77.1K77.1K+$6M$6M
SELECT SECTOR SPDR TRNEW+37.4K37.4K+$5M$5M
AAPLAPPLE INCNEW+15.2K15.2K+$4M$4M

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

Holdings — Q1 2025

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1ISHARES TRISHS 5-10YR INVT · S&P 500 VAL ETF · RUS 2000 GRW ETF34.55%$50M633.2K
2SPDR S&P 500 ETF TRTR UNIT18.87%$28M47.0K
3SELECT SECTOR SPDR TRTECHNOLOGY · SBI HEALTHCARE10.43%$15M80.8K
4AMPLIFY ETF TRAMPLIFY CYBERSEC3.93%$6M77.1K
5AAPLAPPLE INChistory →COM2.61%$4M15.2K
6NUVEEN PFD & INCOME OPPORTUNCOM2.52%$4M467.2K
7AMZNAMAZON COM INChistory →COM1.46%$2M9.7K
8MSFTMICROSOFT CORPhistory →COM1.31%$2M4.5K
9GOOGLALPHABET INCCAP STK CL A · CAP STK CL C1.22%$2M9.4K
10NVDANVIDIA CORPORATIONhistory →COM1.07%$2M11.6K
11NDQINVESCO QQQ TRUNIT SER 10.93%$1M2.7K
12IBMINTERNATIONAL BUSINESS MACHSCOM0.78%$1M5.2K
13JEFJEFFERIES FINL GROUP INCCOM0.77%$1M14.4K
14TSLATESLA INCCOM0.77%$1M2.8K
15METAMETA PLATFORMS INCCL A0.75%$1M1.9K
16DISDISNEY WALT COCOM0.71%$1M9.3K
17LEOBNY MELLON STRATEGIC MUNS INCOM0.67%$980,396162.3K
18ORCLORACLE CORPCOM0.63%$920,9345.5K
19DKNGDRAFTKINGS INC NEWCOM CL A0.62%$901,65424.2K
20MRVLMARVELL TECHNOLOGY INCCOM0.60%$882,9518.0K
21CTRACOTERRA ENERGY INCCOM0.57%$827,76232.4K
22LLYELI LILLY & COCOM0.56%$818,6031.1K
23EATON CORP PLCSHS0.56%$815,7362.5K
24BXBLACKSTONE INCCOM0.55%$800,3174.6K
25HONGBPHONEYWELL INTL INCCOM0.51%$743,8553.3K
26AEPAMERICAN ELEC PWR CO INCCOM0.51%$743,2078.1K
27GEHCGE HEALTHCARE TECHNOLOGIES ICOMMON STOCK0.51%$741,7089.5K
28WMTWALMART INCCOM0.50%$726,7278.0K
29JPMJPMORGAN CHASE & CO.COM0.49%$721,4613.0K
30NETCLOUDFLARE INCCL A COM0.49%$720,3796.7K
31RBLXROBLOX CORPCL A0.47%$687,43511.9K
32BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.47%$687,2041.5K
33TROWPRICE T ROWE GROUP INCCOM0.47%$684,0456.0K
34AMGNAMGEN INCCOM0.47%$683,1872.6K
35LNGCHENIERE ENERGY INCCOM NEW0.47%$679,6393.2K
36KOCOCA COLA COCOM0.46%$668,52110.7K
37CHVCHEVRON CORP NEWCOM0.45%$658,5004.5K
38FANGDIAMONDBACK ENERGY INCCOM0.44%$639,8033.9K
39DHRDANAHER CORPORATIONCOM0.42%$617,9012.7K
40SPDR DOW JONES INDL AVERAGEUT SER 10.40%$582,9351.4K
41WSCWILLSCOT HLDGS CORPCOM CL A0.38%$559,28416.7K
42ABBVABBVIE INCCOM0.38%$551,1913.1K
43AVGOBROADCOM INCCOM0.37%$543,1172.3K
44DVNDEVON ENERGY CORP NEWCOM0.36%$530,10016.2K
45LMTLOCKHEED MARTIN CORPCOM0.36%$523,8431.1K
46PFEPFIZER INCCOM0.36%$522,97819.7K

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 ↗.