THOMIST CAPITAL MANAGEMENT, LP Quant / Systematic

Location: Houston, TX

CIK: 0001767809 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value: $254M (100.0% shares, 0.0% debt)

Holdings (38)

SDRL SEADRILL LTD 16.0%

Value $40.67M Shares 1,611,825 Share Price $25.23 * Est. Cost/Share $36.31 Unrealized @ Report Date -14.7%

SPY SPDR S&P 500 ETF TR 7.5%

Value $19.11M Shares 34,400 Share Price $555.66 Est. Cost/Share $555.66 Unrealized @ Report Date —

DINO HF SINCLAIR CORP 7.1%

Value $18.13M Shares 548,434 Share Price $33.06 Est. Cost/Share $38.99 Unrealized @ Report Date -14.0%

SOC SABLE OFFSHORE CORP 6.0%

Value $15.33M Shares 591,500 Share Price $25.91 Est. Cost/Share $21.75 Unrealized @ Report Date +17.7%

HBM HUDBAY MINERALS INC 5.1%

Value $12.96M Shares 1,684,700 Share Price $7.69 * Est. Cost/Share $8.14 Unrealized @ Report Date 0.0%

SOC SABLE OFFSHORE CORP 3.9%

Value $9.85M Shares 500,000 Share Price $19.70 * Est. Cost/Share $21.75 Unrealized @ Report Date +17.7%

GLD SPDR GOLD TR 3.7%

Value $9.357M Shares 32,940 Share Price $284.06 Est. Cost/Share $241.57 Unrealized @ Report Date —

DAR DARLING INGREDIENTS INC 3.6%

Value $9.168M Shares 290,600 Share Price $31.55 * Est. Cost/Share $38.01 Unrealized @ Report Date -8.0%

GPOR GULFPORT ENERGY CORP 3.2%

Value $8.161M Shares 44,566 Share Price $183.13 Est. Cost/Share $181.66 Unrealized @ Report Date 0.0%

CTVA CORTEVA INC 3.1%

Value $7.919M Shares 129,700 Share Price $61.06 Est. Cost/Share $61.25 Unrealized @ Report Date 0.0%

NUE NUCOR CORP 3.1%

Value $7.746M Shares 63,518 Share Price $121.95 * Est. Cost/Share $140.88 Unrealized @ Report Date -10.0%

GSM FERROGLOBE PLC 2.9%

Value $7.279M Shares 1,999,768 Share Price $3.64 * Est. Cost/Share $5.20 Unrealized @ Report Date -26.8%

ADM ARCHER DANIELS MIDLAND CO 2.9%

Value $7.243M Shares 151,300 Share Price $47.87 * Est. Cost/Share $53.18 Unrealized @ Report Date -12.0%

STLD STEEL DYNAMICS INC 2.7%

Value $6.796M Shares 54,818 Share Price $123.97 Est. Cost/Share $130.47 Unrealized @ Report Date -4.2%

CRGY CRESCENT ENERGY COMPANY 2.5%

Value $6.452M Shares 579,150 Share Price $11.14 * Est. Cost/Share $13.13 Unrealized @ Report Date 0.0%

CNR CORE NATURAL RESOURCES INC 2.5%

Value $6.437M Shares 83,500 Share Price $77.09 * Est. Cost/Share $84.05 Unrealized @ Report Date 0.0%

MPC MARATHON PETE CORP 2.5%

Value $6.34M Shares 44,000 Share Price $144.10 Est. Cost/Share $145.16 Unrealized @ Report Date 0.0%

— UNITED STATES STL CORP NEW 2.4%

Value $6.132M Shares 142,600 Share Price $43.00 Est. Cost/Share $31.55 Unrealized @ Report Date —

DIA SPDR DOW JONES INDL AVERAGE 2.3%

Value $5.819M Shares 14,000 Share Price $415.62 Est. Cost/Share $415.62 Unrealized @ Report Date —

BG BUNGE GLOBAL SA 2.0%

Value $5.151M Shares 67,400 Share Price $76.43 * Est. Cost/Share $72.67 Unrealized @ Report Date 0.0%

SGML SIGMA LITHIUM CORPORATION 2.0%

Value $5.106M Shares 443,980 Share Price $11.50 Est. Cost/Share $14.39 Unrealized @ Report Date -20.2%

LYB LYONDELLBASELL INDUSTRIES N 1.9%

Value $4.866M Shares 69,700 Share Price $69.82 Est. Cost/Share $68.81 Unrealized @ Report Date 0.0%

WLK WESTLAKE CORPORATION 1.8%

Value $4.569M Shares 46,100 Share Price $99.12 * Est. Cost/Share $108.01 Unrealized @ Report Date 0.0%

ASTL ALGOMA STL GROUP INC 1.7%

Value $4.213M Shares 737,877 Share Price $5.71 * Est. Cost/Share $7.59 Unrealized @ Report Date -2.6%

SLV ISHARES SILVER TR 1.3%

Value $3.304M Shares 106,590 Share Price $31.00 Est. Cost/Share $26.43 Unrealized @ Report Date —

DAR DARLING INGREDIENTS INC 1.3%

Value $3.281M Shares 100,000 Share Price $32.81 * Est. Cost/Share $38.01 Unrealized @ Report Date -8.0%

PPC PILGRIMS PRIDE CORP 1.2%

Value $3.134M Shares 58,700 Share Price $53.39 * Est. Cost/Share $50.02 Unrealized @ Report Date 0.0%

PARR PAR PAC HOLDINGS INC 0.6%

Value $1.594M Shares 111,789 Share Price $14.26 * Est. Cost/Share $19.00 Unrealized @ Report Date -17.4%

APA APA CORPORATION 0.6%

Value $1.584M Shares 100,000 Share Price $15.84 Est. Cost/Share — Unrealized @ Report Date —

— VITAL ENERGY INC 0.4%

Value $1.113M Shares 51,636 Share Price $21.56 Est. Cost/Share $21.56 Unrealized @ Report Date —

TSN TYSON FOODS INC 0.4%

Value $951K Shares 15,255 Share Price $62.37 * Est. Cost/Share $56.88 Unrealized @ Report Date 0.0%

IBIT ISHARES BITCOIN TRUST ETF 0.4%

Value $923K Shares 19,400 Share Price $47.56 Est. Cost/Share $47.56 Unrealized @ Report Date —

— VITAL ENERGY INC 0.3%

Value $699K Shares 50,000 Share Price $13.98 Est. Cost/Share $21.56 Unrealized @ Report Date —

CENX CENTURY ALUM CO 0.3%

Value $699K Shares 37,646 Share Price $18.56 * Est. Cost/Share $19.21 Unrealized @ Report Date 0.0%

— UNITED STATES STL CORP NEW 0.3%

Value $641K Shares 15,100 Share Price $42.44 Est. Cost/Share $31.55 Unrealized @ Report Date —

ATLX ATLAS LITHIUM CORP 0.2%

Value $514K Shares 96,956 Share Price $5.30 * Est. Cost/Share $25.22 Unrealized @ Report Date -76.4%

INVX INNOVEX INTERNATIONAL INC 0.1%

Value $367K Shares 20,509 Share Price $17.91 * Est. Cost/Share $16.99 Unrealized @ Report Date 0.0%

— BERRY CORP 0.0%

Value $119K Shares 37,499 Share Price $3.17 Est. Cost/Share $3.17 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SDRL	SEADRILL LTD	1,611,825	$40.67M	16.0%	$25.23 *	$36.31	-14.7%	COM	G7997W102
SPY	SPDR S&P 500 ETF TR	34,400	$19.11M	7.5%	$555.66	$555.66	—	TR UNIT	78462F103
DINO	HF SINCLAIR CORP	548,434	$18.13M	7.1%	$33.06	$38.99	-14.0%	COM	403949100
SOC	SABLE OFFSHORE CORP	591,500	$15.33M	6.0%	$25.91	$21.75	+17.7%	COM SHS	78574H104
HBM	HUDBAY MINERALS INC	1,684,700	$12.96M	5.1%	$7.69 *	$8.14	0.0%	COM	443628102
SOC	SABLE OFFSHORE CORP	500,000	$9.85M	3.9%	$19.70 *	$21.75	+17.7%	Call	78574H104
GLD	SPDR GOLD TR	32,940	$9.357M	3.7%	$284.06	$241.57	—	GOLD SHS	78463V107
DAR	DARLING INGREDIENTS INC	290,600	$9.168M	3.6%	$31.55 *	$38.01	-8.0%	COM	237266101
GPOR	GULFPORT ENERGY CORP	44,566	$8.161M	3.2%	$183.13	$181.66	0.0%	COMMON SHARES	402635502
CTVA	CORTEVA INC	129,700	$7.919M	3.1%	$61.06	$61.25	0.0%	COM	22052L104
NUE	NUCOR CORP	63,518	$7.746M	3.1%	$121.95 *	$140.88	-10.0%	COM	670346105
GSM	FERROGLOBE PLC	1,999,768	$7.279M	2.9%	$3.64 *	$5.20	-26.8%	SHS	G33856108
ADM	ARCHER DANIELS MIDLAND CO	151,300	$7.243M	2.9%	$47.87 *	$53.18	-12.0%	COM	039483102
STLD	STEEL DYNAMICS INC	54,818	$6.796M	2.7%	$123.97	$130.47	-4.2%	COM	858119100
CRGY	CRESCENT ENERGY COMPANY	579,150	$6.452M	2.5%	$11.14 *	$13.13	0.0%	CL A COM	44952J104
CNR	CORE NATURAL RESOURCES INC	83,500	$6.437M	2.5%	$77.09 *	$84.05	0.0%	COM SHS	218937100
MPC	MARATHON PETE CORP	44,000	$6.34M	2.5%	$144.10	$145.16	0.0%	COM	56585A102
—	UNITED STATES STL CORP NEW	142,600	$6.132M	2.4%	$43.00	$31.55	—	COM	912909108
DIA	SPDR DOW JONES INDL AVERAGE	14,000	$5.819M	2.3%	$415.62	$415.62	—	UT SER 1	78467X109
BG	BUNGE GLOBAL SA	67,400	$5.151M	2.0%	$76.43 *	$72.67	0.0%	COM SHS	H11356104
SGML	SIGMA LITHIUM CORPORATION	443,980	$5.106M	2.0%	$11.50	$14.39	-20.2%	COM	826599102
LYB	LYONDELLBASELL INDUSTRIES N	69,700	$4.866M	1.9%	$69.82	$68.81	0.0%	SHS - A -	N53745100
WLK	WESTLAKE CORPORATION	46,100	$4.569M	1.8%	$99.12 *	$108.01	0.0%	COM	960413102
ASTL	ALGOMA STL GROUP INC	737,877	$4.213M	1.7%	$5.71 *	$7.59	-2.6%	COM	015658107
SLV	ISHARES SILVER TR	106,590	$3.304M	1.3%	$31.00	$26.43	—	ISHARES	46428Q109
DAR	DARLING INGREDIENTS INC	100,000	$3.281M	1.3%	$32.81 *	$38.01	-8.0%	Call	237266101
PPC	PILGRIMS PRIDE CORP	58,700	$3.134M	1.2%	$53.39 *	$50.02	0.0%	COM	72147K108
PARR	PAR PAC HOLDINGS INC	111,789	$1.594M	0.6%	$14.26 *	$19.00	-17.4%	COM NEW	69888T207
APA	APA CORPORATION	100,000	$1.584M	0.6%	$15.84	—	—	Call	03743Q108
—	VITAL ENERGY INC	51,636	$1.113M	0.4%	$21.56	$21.56	—	COM	516806205
TSN	TYSON FOODS INC	15,255	$951K	0.4%	$62.37 *	$56.88	0.0%	CL A	902494103
IBIT	ISHARES BITCOIN TRUST ETF	19,400	$923K	0.4%	$47.56	$47.56	—	SHS BEN INT	46438F101
—	VITAL ENERGY INC	50,000	$699K	0.3%	$13.98	$21.56	—	Call	516806205
CENX	CENTURY ALUM CO	37,646	$699K	0.3%	$18.56 *	$19.21	0.0%	COM	156431108
—	UNITED STATES STL CORP NEW	15,100	$641K	0.3%	$42.44	$31.55	—	Call	912909108
ATLX	ATLAS LITHIUM CORP	96,956	$514K	0.2%	$5.30 *	$25.22	-76.4%	COM NEW	105861306
INVX	INNOVEX INTERNATIONAL INC	20,509	$367K	0.1%	$17.91 *	$16.99	0.0%	COM	457651107
—	BERRY CORP	37,499	$119K	0.0%	$3.17	$3.17	—	COM	08579X101