Thoma Capital Management LLC Diversified Active

CIK: 0002060298 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 8, 2026

Total Value ($000): $173,584 (100.0% shares, 0.0% debt)

Holdings (60)

New Positions (3)

VONG VANGUARD SCOTTSDALE FDS 0.3%

Value ($000) $566 Shares 4,646 Est. Cost $121.75 Unrealized —

SGOV ISHARES TR 0.2%

Value ($000) $349 Shares 3,476 Est. Cost $100.38 Unrealized —

IWP ISHARES TR 0.1%

Value ($000) $200 Shares 1,463 Est. Cost $136.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VONG	VANGUARD SCOTTSDALE FDS	4,646	$566	0.3%	$121.75	—	VNG RUS1000GRW	92206C680
SGOV	ISHARES TR	3,476	$349	0.2%	$100.38	—	0-3 MNTH TREASRY	46436E718
IWP	ISHARES TR	1,463	$200	0.1%	$136.94	—	RUS MD CP GR ETF	464287481

Increased Positions (17)

SPY SPDR S&P 500 ETF TR 25.5%

Value ($000) $44,323 (+13.2%) Shares 64,997 (+10.6%) Est. Cost $603.50 Unrealized —

IVE ISHARES TR 13.5%

Value ($000) $23,356 (+22.0%) Shares 110,134 (+18.8%) Est. Cost $195.96 Unrealized —

IGLB ISHARES TR 2.3%

Value ($000) $4,047 (+558.8%) Shares 80,209 (+573.1%) Est. Cost $50.37 Unrealized —

XLK SELECT SECTOR SPDR TR 5.7%

Value ($000) $9,873 (-17.9%) Shares 68,574 (+60.7%) Est. Cost $198.64 Unrealized —

LNG CHENIERE ENERGY INC 0.4%

Value ($000) $693 (-16.1%) Shares 3,564 (+1.4%) Est. Cost $206.01 Unrealized +1.9%

DLR DIGITAL RLTY TR INC 0.2%

Value ($000) $426 (+40.4%) Shares 2,751 (+56.9%) Est. Cost $168.27 Unrealized -3.1%

RTX RTX CORPORATION 0.2%

Value ($000) $339 (+36.1%) Shares 1,847 (+24.2%) Est. Cost $157.99 Unrealized +9.7%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.5%

Value ($000) $814 (+10.7%) Shares 9,918 (+1.4%) Est. Cost $84.46 Unrealized -7.8%

V VISA INC 0.2%

Value ($000) $398 (+21.6%) Shares 1,134 (+18.4%) Est. Cost $304.85 Unrealized +11.7%

BX BLACKSTONE INC 0.5%

Value ($000) $803 (-8.1%) Shares 5,208 (+1.9%) Est. Cost $166.68 Unrealized -9.1%

TROW PRICE T ROWE GROUP INC 0.5%

Value ($000) $916 (+6.3%) Shares 8,951 (+6.6%) Est. Cost $105.59 Unrealized -3.2%

HON HONEYWELL INTL INC 0.4%

Value ($000) $740 (-4.4%) Shares 3,791 (+3.2%) Est. Cost $203.08 Unrealized -4.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.5%

Value ($000) $903 (+1.7%) Shares 1,796 (+1.8%) Est. Cost $466.36 Unrealized +6.7%

HD HOME DEPOT INC 0.2%

Value ($000) $339 (+3.0%) Shares 984 (+21.3%) Est. Cost $361.25 Unrealized +0.9%

PLTR PALANTIR TECHNOLOGIES INC 0.5%

Value ($000) $896 (+1.0%) Shares 5,042 (+3.7%) Est. Cost $70.69 Unrealized +156.1%

CVX CHEVRON CORP NEW 0.4%

Value ($000) $761 (-0.9%) Shares 4,993 (+1.0%) Est. Cost $145.64 Unrealized +4.0%

DIS DISNEY WALT CO 0.6%

Value ($000) $1,066 (+0.4%) Shares 9,367 (+1.0%) Est. Cost $103.61 Unrealized +5.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	64,997 (+10.6%)	$44,323 (+13.2%)	25.5%	$603.50	—	TR UNIT	78462F103
IVE	ISHARES TR	110,134 (+18.8%)	$23,356 (+22.0%)	13.5%	$195.96	—	S&P 500 VAL ETF	464287408
IGLB	ISHARES TR	80,209 (+573.1%)	$4,047 (+558.8%)	2.3%	$50.37	—	10+ YR INVST GRD	464289511
XLK	SELECT SECTOR SPDR TR	68,574 (+60.7%)	$9,873 (-17.9%)	5.7%	$198.64	—	STATE STREET TEC	81369Y803
LNG	CHENIERE ENERGY INC	3,564 (+1.4%)	$693 (-16.1%)	0.4%	$206.01	+1.9%	COM NEW	16411R208
DLR	DIGITAL RLTY TR INC	2,751 (+56.9%)	$426 (+40.4%)	0.2%	$168.27	-3.1%	COM	253868103
RTX	RTX CORPORATION	1,847 (+24.2%)	$339 (+36.1%)	0.2%	$157.99	+9.7%	COM	75513E101
GEHC	GE HEALTHCARE TECHNOLOGIES I	9,918 (+1.4%)	$814 (+10.7%)	0.5%	$84.46	-7.8%	COMMON STOCK	36266G107
V	VISA INC	1,134 (+18.4%)	$398 (+21.6%)	0.2%	$304.85	+11.7%	COM CL A	92826C839
BX	BLACKSTONE INC	5,208 (+1.9%)	$803 (-8.1%)	0.5%	$166.68	-9.1%	COM	09260D107
TROW	PRICE T ROWE GROUP INC	8,951 (+6.6%)	$916 (+6.3%)	0.5%	$105.59	-3.2%	COM	74144T108
HON	HONEYWELL INTL INC	3,791 (+3.2%)	$740 (-4.4%)	0.4%	$203.08	-4.0%	COM	438516106
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,796 (+1.8%)	$903 (+1.7%)	0.5%	$466.36	+6.7%	CL B NEW	084670702
HD	HOME DEPOT INC	984 (+21.3%)	$339 (+3.0%)	0.2%	$361.25	+0.9%	COM	437076102
PLTR	PALANTIR TECHNOLOGIES INC	5,042 (+3.7%)	$896 (+1.0%)	0.5%	$70.69	+156.1%	CL A	69608A108
CVX	CHEVRON CORP NEW	4,993 (+1.0%)	$761 (-0.9%)	0.4%	$145.64	+4.0%	COM	166764100
DIS	DISNEY WALT CO	9,367 (+1.0%)	$1,066 (+0.4%)	0.6%	$103.61	+5.7%	COM	254687106

Exited Positions (2)

JEF JEFFERIES FINL GROUP INC 0.6%

Value ($000) $1,016 Shares 15,524 Est. Cost $67.65 Unrealized -16.2%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $239 Shares 1,556 Est. Cost $165.73 Unrealized -11.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
JEF	JEFFERIES FINL GROUP INC	15,524	$1,016	0.6%	$67.65	-16.2%	—	47233W109
PG	PROCTER AND GAMBLE CO	1,556	$239	0.1%	$165.73	-11.2%	—	742718109

Decreased Positions (30)

IGIB ISHARES TR 19.4%

Value ($000) $33,656 (-8.6%) Shares 624,646 (-8.3%) Est. Cost $51.93 Unrealized —

IWO ISHARES TR 4.9%

Value ($000) $8,545 (-21.3%) Shares 26,454 (-22.0%) Est. Cost $287.82 Unrealized —

— NUVEEN PFD & INCOME OPPORTUN 0.7%

Value ($000) $1,253 (-64.8%) Shares 154,498 (-64.4%) Est. Cost $7.86 Unrealized —

HACK AMPLIFY ETF TR 3.0%

Value ($000) $5,247 (-19.7%) Shares 65,291 (-13.3%) Est. Cost $74.49 Unrealized —

ORCL ORACLE CORP 0.6%

Value ($000) $971 (-39.5%) Shares 4,980 (-12.7%) Est. Cost $176.46 Unrealized +34.9%

— BNY MELLON STRATEGIC MUNS IN 0.1%

Value ($000) $145 (-77.2%) Shares 22,857 (-77.6%) Est. Cost $6.04 Unrealized —

MSFT MICROSOFT CORP 1.1%

Value ($000) $1,972 (-12.5%) Shares 4,078 (-6.2%) Est. Cost $422.35 Unrealized +18.5%

LLY ELI LILLY & CO 0.6%

Value ($000) $1,077 (+32.3%) Shares 1,003 (-6.0%) Est. Cost $821.14 Unrealized +16.4%

NET CLOUDFLARE INC 0.7%

Value ($000) $1,190 (-16.5%) Shares 6,036 (-9.1%) Est. Cost $98.77 Unrealized +114.2%

NVDA NVIDIA CORPORATION 1.2%

Value ($000) $2,022 (-10.2%) Shares 10,843 (-10.2%) Est. Cost $137.02 Unrealized +35.8%

GOOG ALPHABET INC 0.6%

Value ($000) $965 (+25.7%) Shares 3,076 (-2.4%) Est. Cost $175.67 Unrealized +63.0%

META META PLATFORMS INC 0.7%

Value ($000) $1,200 (-13.8%) Shares 1,818 (-4.1%) Est. Cost $587.37 Unrealized +13.6%

GOOGL ALPHABET INC 0.8%

Value ($000) $1,469 (+14.2%) Shares 4,693 (-11.3%) Est. Cost $174.14 Unrealized +64.0%

ETN EATON CORP PLC 0.5%

Value ($000) $789 (-17.8%) Shares 2,477 (-3.4%) Est. Cost $345.57 Unrealized +2.6%

WSC WILLSCOT HLDGS CORP 0.1%

Value ($000) $199 (-45.1%) Shares 10,581 (-38.4%) Est. Cost $36.68 Unrealized -45.0%

AVGO BROADCOM INC 0.3%

Value ($000) $580 (-17.3%) Shares 1,676 (-21.1%) Est. Cost $182.87 Unrealized +95.2%

AMZN AMAZON COM INC 1.2%

Value ($000) $2,000 (-4.9%) Shares 8,666 (-9.5%) Est. Cost $205.06 Unrealized +11.6%

QQQ INVESCO QQQ TR 0.8%

Value ($000) $1,429 (-6.7%) Shares 2,326 (-8.8%) Est. Cost $511.30 Unrealized —

DKNG DRAFTKINGS INC NEW 0.5%

Value ($000) $842 (-10.2%) Shares 24,431 (-2.5%) Est. Cost $39.60 Unrealized -16.9%

CAVA CAVA GROUP INC 0.2%

Value ($000) $291 (-22.1%) Shares 4,952 (-19.8%) Est. Cost $96.65 Unrealized -42.3%

CTRA COTERRA ENERGY INC 0.5%

Value ($000) $812 (+8.1%) Shares 30,867 (-2.9%) Est. Cost $24.02 Unrealized +4.5%

JPM JPMORGAN CHASE & CO. 0.5%

Value ($000) $834 (-5.9%) Shares 2,588 (-7.8%) Est. Cost $228.03 Unrealized +35.7%

AMGN AMGEN INC 0.4%

Value ($000) $692 (+7.0%) Shares 2,115 (-7.8%) Est. Cost $285.93 Unrealized +10.5%

IYW ISHARES TR 0.2%

Value ($000) $302 (-11.3%) Shares 1,514 (-13.0%) Est. Cost $159.11 Unrealized —

MRVL MARVELL TECHNOLOGY INC 0.4%

Value ($000) $731 (-4.7%) Shares 8,597 (-5.7%) Est. Cost $89.80 Unrealized -2.6%

IBM INTERNATIONAL BUSINESS MACHS 0.7%

Value ($000) $1,243 (-2.6%) Shares 4,195 (-7.2%) Est. Cost $216.31 Unrealized +38.1%

TSLA TESLA INC 0.7%

Value ($000) $1,209 (-2.5%) Shares 2,688 (-3.6%) Est. Cost $322.26 Unrealized +37.6%

AAPL APPLE INC 1.8%

Value ($000) $3,070 (+0.6%) Shares 11,291 (-5.7%) Est. Cost $234.51 Unrealized +14.4%

ABBV ABBVIE INC 0.2%

Value ($000) $342 (-3.1%) Shares 1,496 (-1.8%) Est. Cost $177.41 Unrealized +28.3%

AEP AMERICAN ELEC PWR CO INC 0.6%

Value ($000) $966 (+0.1%) Shares 8,379 (-2.4%) Est. Cost $93.93 Unrealized +25.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IGIB	ISHARES TR	624,646 (-8.3%)	$33,656 (-8.6%)	19.4%	$51.93	—	ISHS 5-10YR INVT	464288638
IWO	ISHARES TR	26,454 (-22.0%)	$8,545 (-21.3%)	4.9%	$287.82	—	RUS 2000 GRW ETF	464287648
—	NUVEEN PFD & INCOME OPPORTUN	154,498 (-64.4%)	$1,253 (-64.8%)	0.7%	$7.86	—	COM	67073B106
HACK	AMPLIFY ETF TR	65,291 (-13.3%)	$5,247 (-19.7%)	3.0%	$74.49	—	AMPLIFY CYBERSEC	032108664
ORCL	ORACLE CORP	4,980 (-12.7%)	$971 (-39.5%)	0.6%	$176.46	+34.9%	COM	68389X105
—	BNY MELLON STRATEGIC MUNS IN	22,857 (-77.6%)	$145 (-77.2%)	0.1%	$6.04	—	COM	05588W108
MSFT	MICROSOFT CORP	4,078 (-6.2%)	$1,972 (-12.5%)	1.1%	$422.35	+18.5%	COM	594918104
LLY	ELI LILLY & CO	1,003 (-6.0%)	$1,077 (+32.3%)	0.6%	$821.14	+16.4%	COM	532457108
NET	CLOUDFLARE INC	6,036 (-9.1%)	$1,190 (-16.5%)	0.7%	$98.77	+114.2%	CL A COM	18915M107
NVDA	NVIDIA CORPORATION	10,843 (-10.2%)	$2,022 (-10.2%)	1.2%	$137.02	+35.8%	COM	67066G104
GOOG	ALPHABET INC	3,076 (-2.4%)	$965 (+25.7%)	0.6%	$175.67	+63.0%	CAP STK CL C	02079K107
META	META PLATFORMS INC	1,818 (-4.1%)	$1,200 (-13.8%)	0.7%	$587.37	+13.6%	CL A	30303M102
GOOGL	ALPHABET INC	4,693 (-11.3%)	$1,469 (+14.2%)	0.8%	$174.14	+64.0%	CAP STK CL A	02079K305
ETN	EATON CORP PLC	2,477 (-3.4%)	$789 (-17.8%)	0.5%	$345.57	+2.6%	SHS	G29183103
WSC	WILLSCOT HLDGS CORP	10,581 (-38.4%)	$199 (-45.1%)	0.1%	$36.68	-45.0%	COM CL A	971378104
AVGO	BROADCOM INC	1,676 (-21.1%)	$580 (-17.3%)	0.3%	$182.87	+95.2%	COM	11135F101
AMZN	AMAZON COM INC	8,666 (-9.5%)	$2,000 (-4.9%)	1.2%	$205.06	+11.6%	COM	023135106
QQQ	INVESCO QQQ TR	2,326 (-8.8%)	$1,429 (-6.7%)	0.8%	$511.30	—	UNIT SER 1	46090E103
DKNG	DRAFTKINGS INC NEW	24,431 (-2.5%)	$842 (-10.2%)	0.5%	$39.60	-16.9%	COM CL A	26142V105
CAVA	CAVA GROUP INC	4,952 (-19.8%)	$291 (-22.1%)	0.2%	$96.65	-42.3%	COM	148929102
CTRA	COTERRA ENERGY INC	30,867 (-2.9%)	$812 (+8.1%)	0.5%	$24.02	+4.5%	COM	127097103
JPM	JPMORGAN CHASE & CO.	2,588 (-7.8%)	$834 (-5.9%)	0.5%	$228.03	+35.7%	COM	46625H100
AMGN	AMGEN INC	2,115 (-7.8%)	$692 (+7.0%)	0.4%	$285.93	+10.5%	COM	031162100
IYW	ISHARES TR	1,514 (-13.0%)	$302 (-11.3%)	0.2%	$159.11	—	U.S. TECH ETF	464287721
MRVL	MARVELL TECHNOLOGY INC	8,597 (-5.7%)	$731 (-4.7%)	0.4%	$89.80	-2.6%	COM	573874104
IBM	INTERNATIONAL BUSINESS MACHS	4,195 (-7.2%)	$1,243 (-2.6%)	0.7%	$216.31	+38.1%	COM	459200101
TSLA	TESLA INC	2,688 (-3.6%)	$1,209 (-2.5%)	0.7%	$322.26	+37.6%	COM	88160R101
AAPL	APPLE INC	11,291 (-5.7%)	$3,070 (+0.6%)	1.8%	$234.51	+14.4%	COM	037833100
ABBV	ABBVIE INC	1,496 (-1.8%)	$342 (-3.1%)	0.2%	$177.41	+28.3%	COM	00287Y109
AEP	AMERICAN ELEC PWR CO INC	8,379 (-2.4%)	$966 (+0.1%)	0.6%	$93.93	+25.3%	COM	025537101

Unchanged Positions (10)

WMT WALMART INC 0.5%

Value ($000) $932 Shares 8,365 Est. Cost $86.47 Unrealized +24.0%

KO COCA COLA CO 0.5%

Value ($000) $806 Shares 11,530 Est. Cost $63.31 Unrealized +9.6%

FANG DIAMONDBACK ENERGY INC 0.4%

Value ($000) $698 Shares 4,645 Est. Cost $167.92 Unrealized -12.4%

DVN DEVON ENERGY CORP NEW 0.4%

Value ($000) $712 Shares 19,435 Est. Cost $36.11 Unrealized -3.8%

DIA SPDR DOW JONES INDL AVERAGE 0.4%

Value ($000) $658 Shares 1,370 Est. Cost $425.50 Unrealized —

LMT LOCKHEED MARTIN CORP 0.3%

Value ($000) $492 Shares 1,018 Est. Cost $527.20 Unrealized -9.7%

BA BOEING CO 0.4%

Value ($000) $764 Shares 3,519 Est. Cost $161.95 Unrealized +27.0%

PEG PUBLIC SVC ENTERPRISE GRP IN 0.1%

Value ($000) $241 Shares 2,997 Est. Cost $85.29 Unrealized -4.9%

CSX CSX CORP 0.1%

Value ($000) $210 Shares 5,803 Est. Cost $33.93 Unrealized +5.2%

VTEB VANGUARD MUN BD FDS 0.1%

Value ($000) $221 Shares 4,400 Est. Cost $50.13 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMT	WALMART INC	8,365	$932	0.5%	$86.47	+24.0%	COM	931142103
KO	COCA COLA CO	11,530	$806	0.5%	$63.31	+9.6%	COM	191216100
FANG	DIAMONDBACK ENERGY INC	4,645	$698	0.4%	$167.92	-12.4%	COM	25278X109
DVN	DEVON ENERGY CORP NEW	19,435	$712	0.4%	$36.11	-3.8%	COM	25179M103
DIA	SPDR DOW JONES INDL AVERAGE	1,370	$658	0.4%	$425.50	—	UT SER 1	78467X109
LMT	LOCKHEED MARTIN CORP	1,018	$492	0.3%	$527.20	-9.7%	COM	539830109
BA	BOEING CO	3,519	$764	0.4%	$161.95	+27.0%	COM	097023105
PEG	PUBLIC SVC ENTERPRISE GRP IN	2,997	$241	0.1%	$85.29	-4.9%	COM	744573106
CSX	CSX CORP	5,803	$210	0.1%	$33.93	+5.2%	COM	126408103
VTEB	VANGUARD MUN BD FDS	4,400	$221	0.1%	$50.13	—	TAX EXEMPT BD	922907746