Thomist Capital Management, LP Quant / Systematic

CIK: 0001767809 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $269,068 (100.0% shares, 0.0% debt)

Holdings (43)

DK DELEK US HLDGS INC NEW 17.5%

Value ($000) $46,977 Shares 2,100,000 Est. Cost $16.40 Unrealized 0.0%

SDRL SEADRILL LTD 12.3%

Value ($000) $33,177 Shares 1,273,094 Est. Cost $36.31 Unrealized -35.0%

PARR PAR PAC HOLDINGS INC 8.2%

Value ($000) $22,101 Shares 704,300 Est. Cost $19.02 Unrealized +0.2%

METC RAMACO RES INC 5.6%

Value ($000) $14,959 Shares 735,100 Est. Cost $9.61 Unrealized 0.0%

CMC COMMERCIAL METALS CO 5.6%

Value ($000) $14,950 Shares 298,871 Est. Cost $45.91 Unrealized 0.0%

AA ALCOA CORP 5.0%

Value ($000) $13,400 Shares 447,100 Est. Cost $26.80 Unrealized 0.0%

HBM HUDBAY MINERALS INC 5.0%

Value ($000) $13,395 Shares 1,268,513 Est. Cost $8.14 Unrealized +2.3%

DK DELEK US HLDGS INC NEW 4.9%

Value ($000) $13,051 Shares 615,907 Est. Cost $16.40 Unrealized 0.0%

METC RAMACO RES INC 4.1%

Value ($000) $11,050 Shares 905,747 Est. Cost $9.61 Unrealized 0.0%

AA ALCOA CORP 2.8%

Value ($000) $7,415 Shares 260,437 Est. Cost $26.80 Unrealized 0.0%

TSN TYSON FOODS INC 2.2%

Value ($000) $6,027 Shares 109,100 Est. Cost $56.24 Unrealized -0.2%

IPX IPERIONX LTD 2.2%

Value ($000) $5,836 Shares 1,885,203 Est. Cost $3.10 Unrealized —

WLK WESTLAKE CORPORATION 2.0%

Value ($000) $5,452 Shares 71,600 Est. Cost $98.13 Unrealized -18.2%

GSM FERROGLOBE PLC 1.9%

Value ($000) $5,193 Shares 1,418,951 Est. Cost $5.20 Unrealized -30.1%

OLN OLIN CORP 1.9%

Value ($000) $5,155 Shares 252,331 Est. Cost $20.30 Unrealized 0.0%

PARR PAR PAC HOLDINGS INC 1.9%

Value ($000) $5,111 Shares 192,131 Est. Cost $19.02 Unrealized +0.2%

GLD SPDR GOLD TR 1.6%

Value ($000) $4,428 Shares 14,700 Est. Cost $241.57 Unrealized —

MTDR MATADOR RES CO 1.6%

Value ($000) $4,289 Shares 88,952 Est. Cost $44.16 Unrealized 0.0%

CENX CENTURY ALUM CO 1.5%

Value ($000) $4,003 Shares 221,746 Est. Cost $17.36 Unrealized -2.2%

DAR DARLING INGREDIENTS INC 1.4%

Value ($000) $3,738 Shares 98,059 Est. Cost $38.01 Unrealized -13.4%

CLMT CALUMET INC 1.2%

Value ($000) $3,188 Shares 200,000 Est. Cost — Unrealized —

TKR TIMKEN CO 1.1%

Value ($000) $3,060 Shares 41,800 Est. Cost $68.02 Unrealized 0.0%

DINO HF SINCLAIR CORP 1.1%

Value ($000) $2,906 Shares 70,604 Est. Cost $38.99 Unrealized -13.9%

IAG IAMGOLD CORP 1.0%

Value ($000) $2,821 Shares 398,400 Est. Cost $7.01 Unrealized 0.0%

LBRT LIBERTY ENERGY INC 0.9%

Value ($000) $2,446 Shares 210,700 Est. Cost $12.11 Unrealized 0.0%

SGML SIGMA LITHIUM CORPORATION 0.7%

Value ($000) $2,005 Shares 433,914 Est. Cost $14.39 Unrealized -54.1%

OLN OLIN CORP 0.7%

Value ($000) $1,894 Shares 100,000 Est. Cost $20.30 Unrealized 0.0%

VOO VANGUARD INDEX FDS 0.6%

Value ($000) $1,594 Shares 2,812 Est. Cost $566.95 Unrealized —

PEJ INVESCO EXCHANGE TRADED FD T 0.5%

Value ($000) $1,396 Shares 24,600 Est. Cost $56.75 Unrealized —

IREN IREN LIMITED 0.3%

Value ($000) $938 Shares 67,000 Est. Cost $8.12 Unrealized 0.0%

SM SM ENERGY CO 0.3%

Value ($000) $931 Shares 37,100 Est. Cost $23.52 Unrealized 0.0%

RIOT RIOT PLATFORMS INC 0.3%

Value ($000) $867 Shares 82,200 Est. Cost $8.50 Unrealized 0.0%

LUV SOUTHWEST AIRLS CO 0.3%

Value ($000) $852 Shares 26,500 Est. Cost $29.68 Unrealized 0.0%

INVX INNOVEX INTERNATIONAL INC 0.3%

Value ($000) $761 Shares 48,609 Est. Cost $16.05 Unrealized -4.3%

WGO WINNEBAGO INDS INC 0.2%

Value ($000) $598 Shares 20,500 Est. Cost $32.78 Unrealized 0.0%

ASTL ALGOMA STL GROUP INC 0.2%

Value ($000) $535 Shares 100,000 Est. Cost $7.59 Unrealized -26.8%

SNCY SUN CTRY AIRLS HLDGS INC 0.2%

Value ($000) $507 Shares 42,700 Est. Cost $10.99 Unrealized 0.0%

CWH CAMPING WORLD HLDGS INC 0.2%

Value ($000) $495 Shares 27,400 Est. Cost $15.21 Unrealized 0.0%

THO THOR INDS INC 0.2%

Value ($000) $484 Shares 5,400 Est. Cost $77.74 Unrealized 0.0%

DOO BRP INC 0.1%

Value ($000) $357 Shares 7,400 Est. Cost $39.14 Unrealized 0.0%

PII POLARIS INC 0.1%

Value ($000) $307 Shares 7,500 Est. Cost $37.69 Unrealized 0.0%

SPHR SPHERE ENTERTAINMENT CO 0.1%

Value ($000) $212 Shares 5,000 Est. Cost $33.86 Unrealized 0.0%

RUN SUNRUN INC 0.1%

Value ($000) $205 Shares 20,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DK	DELEK US HLDGS INC NEW	2,100,000	$46,977	17.5%	$16.40	0.0%	Call	24665A103
SDRL	SEADRILL LTD	1,273,094	$33,177	12.3%	$36.31	-35.0%	COM	G7997W102
PARR	PAR PAC HOLDINGS INC	704,300	$22,101	8.2%	$19.02	+0.2%	Call	69888T207
METC	RAMACO RES INC	735,100	$14,959	5.6%	$9.61	0.0%	Call	75134P600
CMC	COMMERCIAL METALS CO	298,871	$14,950	5.6%	$45.91	0.0%	COM	201723103
AA	ALCOA CORP	447,100	$13,400	5.0%	$26.80	0.0%	Call	013872106
HBM	HUDBAY MINERALS INC	1,268,513	$13,395	5.0%	$8.14	+2.3%	COM	443628102
DK	DELEK US HLDGS INC NEW	615,907	$13,051	4.9%	$16.40	0.0%	COM	24665A103
METC	RAMACO RES INC	905,747	$11,050	4.1%	$9.61	0.0%	COM CL A	75134P600
AA	ALCOA CORP	260,437	$7,415	2.8%	$26.80	0.0%	COM	013872106
TSN	TYSON FOODS INC	109,100	$6,027	2.2%	$56.24	-0.2%	CL A	902494103
IPX	IPERIONX LTD	1,885,203	$5,836	2.2%	$3.10	—	SPONSORED ADS	44916E100
WLK	WESTLAKE CORPORATION	71,600	$5,452	2.0%	$98.13	-18.2%	COM	960413102
GSM	FERROGLOBE PLC	1,418,951	$5,193	1.9%	$5.20	-30.1%	SHS	G33856108
OLN	OLIN CORP	252,331	$5,155	1.9%	$20.30	0.0%	COM PAR $1	680665205
PARR	PAR PAC HOLDINGS INC	192,131	$5,111	1.9%	$19.02	+0.2%	COM NEW	69888T207
GLD	SPDR GOLD TR	14,700	$4,428	1.6%	$241.57	—	GOLD SHS	78463V107
MTDR	MATADOR RES CO	88,952	$4,289	1.6%	$44.16	0.0%	COM	576485205
CENX	CENTURY ALUM CO	221,746	$4,003	1.5%	$17.36	-2.2%	COM	156431108
DAR	DARLING INGREDIENTS INC	98,059	$3,738	1.4%	$38.01	-13.4%	COM	237266101
CLMT	CALUMET INC	200,000	$3,188	1.2%	—	—	Call	131428104
TKR	TIMKEN CO	41,800	$3,060	1.1%	$68.02	0.0%	COM	887389104
DINO	HF SINCLAIR CORP	70,604	$2,906	1.1%	$38.99	-13.9%	COM	403949100
IAG	IAMGOLD CORP	398,400	$2,821	1.0%	$7.01	0.0%	COM	450913108
LBRT	LIBERTY ENERGY INC	210,700	$2,446	0.9%	$12.11	0.0%	COM CL A	53115L104
SGML	SIGMA LITHIUM CORPORATION	433,914	$2,005	0.7%	$14.39	-54.1%	COM	826599102
OLN	OLIN CORP	100,000	$1,894	0.7%	$20.30	0.0%	Call	680665205
VOO	VANGUARD INDEX FDS	2,812	$1,594	0.6%	$566.95	—	S&P 500 ETF SHS	922908363
PEJ	INVESCO EXCHANGE TRADED FD T	24,600	$1,396	0.5%	$56.75	—	LEISURE AND ENTE	46137V720
IREN	IREN LIMITED	67,000	$938	0.3%	$8.12	0.0%	ORDINARY SHARES	Q4982L109
SM	SM ENERGY CO	37,100	$931	0.3%	$23.52	0.0%	COM	78454L100
RIOT	RIOT PLATFORMS INC	82,200	$867	0.3%	$8.50	0.0%	COM	767292105
LUV	SOUTHWEST AIRLS CO	26,500	$852	0.3%	$29.68	0.0%	COM	844741108
INVX	INNOVEX INTERNATIONAL INC	48,609	$761	0.3%	$16.05	-4.3%	COM	457651107
WGO	WINNEBAGO INDS INC	20,500	$598	0.2%	$32.78	0.0%	COM	974637100
ASTL	ALGOMA STL GROUP INC	100,000	$535	0.2%	$7.59	-26.8%	Call	015658107
SNCY	SUN CTRY AIRLS HLDGS INC	42,700	$507	0.2%	$10.99	0.0%	COM	866683105
CWH	CAMPING WORLD HLDGS INC	27,400	$495	0.2%	$15.21	0.0%	CL A	13462K109
THO	THOR INDS INC	5,400	$484	0.2%	$77.74	0.0%	COM	885160101
DOO	BRP INC	7,400	$357	0.1%	$39.14	0.0%	COM SUN VTG	05577W200
PII	POLARIS INC	7,500	$307	0.1%	$37.69	0.0%	COM	731068102
SPHR	SPHERE ENTERTAINMENT CO	5,000	$212	0.1%	$33.86	0.0%	CL A	55826T102
RUN	SUNRUN INC	20,000	$205	0.1%	—	—	Call	86771W105