Skip to main content
Livermore
Livermore
ZHEN

Thomist Capital Management, LP

SEC CIK
0001767809
Latest filing
Aug 14, 2026

The latest 13F from Thomist Capital Management, LP covers Q2 2026 (filed Aug 14, 2026): 39 long positions worth $271.2M. The top 10 holdings make up 69.1% of the portfolio, and the largest is Darling Ingredients Inc. (DAR) at 11.4%. Livermore has 19 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
21
Est. +$122.7M
Added
11
Est. +$45.6M
Reduced
7
Est. −$45.1M
Sold out
25
Est. −$140.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. DARDarling Ingredients Inc.
    11.4%$30.9MHistory
  2. ARISAris Mining Corp
    9.6%$26.1MHistory
  3. DHTDHT Holdings, Inc.
    8.5%$23.0MHistory
  4. CNRCore Natural Resources, Inc.
    7.9%$21.3MHistory
  5. GPREGreen Plains Inc.
    7.2%$19.5MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. DARDarling Ingredients Inc.
    +$30.9MNewHistory
  2. GPREGreen Plains Inc.
    +$19.5MNewHistory
  3. DHTDHT Holdings, Inc.
    +$19.0MAddedHistory
  4. HBMHudbay Minerals Inc.
    +$17.3MNewHistory
  5. FROFrontline plc
    +$12.9MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. DARDarling Ingredients Inc.
    +11.40 pp0.0% → 11.4%History
  2. GPREGreen Plains Inc.
    +7.20 pp0.0% → 7.2%History
  3. DHTDHT Holdings, Inc.
    +6.96 pp1.5% → 8.5%History
  4. HBMHudbay Minerals Inc.
    +6.38 pp0.0% → 6.4%History
  5. FROFrontline plc
    +4.74 pp0.0% → 4.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DINOHF Sinclair Corp
    −$32.7MReducedHistory
  2. STLDSteel Dynamics Inc
    −$19.0MSold outHistory
  3. SSRMSSR Mining Inc.
    −$16.1MSold outHistory
  4. EQXEquinox Gold Corp.
    −$12.9MSold outHistory
  5. PRPermian Resources Corp
    −$10.9MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DINOHF Sinclair Corp
    −9.58 pp12.1% → 2.5%History
  2. STLDSteel Dynamics Inc
    −6.48 pp6.5% → 0.0%History
  3. SSRMSSR Mining Inc.
    −5.52 pp5.5% → 0.0%History
  4. EQXEquinox Gold Corp.
    −4.40 pp4.4% → 0.0%History
  5. PRPermian Resources Corp
    −3.73 pp3.7% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$271.2M
−$21.2M (−7.3%) vs. prior quarter
Positions
39
−4 vs. prior quarter
Top 10 concentration
69.1%
Top 10 as share of value
Turnover
59.7%
Q2 2026, one quarter
Average holding period
2.3 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $396.1M (Q3 2024)

Q4 2021: $101.8MQ1 2022: $188.3MQ2 2022: $108.9MQ3 2022: $133.8MQ4 2022: $203.0MQ1 2023: $169.4MQ2 2023: $158.0MQ3 2023: $150.6MQ4 2023: $226.3MQ1 2024: $238.9MQ2 2024: $274.9MQ3 2024: $396.1MQ4 2024: $310.6MQ1 2025: $237.7MQ2 2025: $165.8MQ3 2025: $320.9MQ4 2025: $366.6MQ1 2026: $292.5MQ2 2026: $271.2M
Q4 2021Q2 2026
13F filings of Thomist Capital Management, LP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202639$271.2MDARARISDHTvs. Q1 2026SEC
Q1 2026May 15, 202643$292.5MDINOCNRARISvs. Q4 2025SEC
Q4 2025Feb 13, 202658$366.6MSDRLSOCCNRvs. Q3 2025SEC
Q3 2025Nov 14, 202559$320.9MSDRLBGDARvs. Q2 2025SEC
Q2 2025Aug 13, 202535$165.8MSDRLCMCHBMvs. Q1 2025SEC
Q1 2025May 14, 202533$237.7MSDRLSPYDINOvs. Q4 2024SEC
Q4 2024Feb 14, 202545$310.6MSTLDASTLSDRLvs. Q3 2024SEC
Q3 2024Nov 14, 202428$396.1MBTUPSXASTLvs. Q2 2024SEC
Q2 2024Aug 12, 202435$274.9MBTUASTLMPCvs. Q1 2024SEC
Q1 2024Apr 30, 202426$238.9MBTUASTLMPCvs. Q4 2023SEC
Q4 2023Feb 14, 202428$226.3MASTLSGMLTECKvs. Q3 2023SEC
Q3 2023Nov 14, 202324$150.6MSGMLASTLRIOvs. Q2 2023SEC
Q2 2023Aug 11, 202320$158.0MSGMLVanguard S&P 500 ETFASTLvs. Q1 2023SEC
Q1 2023May 15, 202320$169.4MSGMLPDCECHRDvs. Q4 2022SEC
Q4 2022Feb 9, 202329$203.0MMPCPDCEMGYvs. Q3 2022SEC
Q3 2022Oct 21, 202220$133.8MBTUBGPDCEvs. Q2 2022SEC
Q2 2022Aug 12, 202218$108.9MPDCECHRDDKvs. Q1 2022SEC
Q1 2022May 13, 202217$188.3MVanguard Index FDSCF Inds Hldgs IncPBFvs. Q4 2021SEC
Q4 2021Feb 11, 202213$101.8MPDCECHRDVLO–SEC

13D and 13G filings

Companies where Thomist Capital Management, LP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Thomist Capital Management, LP does not currently report owning 5% or more of any company.

Latest filings

6 filings on file made by Thomist Capital Management, LP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Thomist Capital Management, LP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
AMPYAmplify Energy Corp.May 11, 20264:01 PM ET13G/A0.30%130.8K shares−7.50 ppfrom 7.80%Below 5%Mar 31, 2026SEC
AMPYAmplify Energy Corp.Feb 12, 20264:01 PM ET13G7.80%3.15M sharesNewDec 31, 2025SEC
BTUPeabody Energy CorpNov 13, 202413D/AOld format–––SEC
BTUPeabody Energy CorpOct 16, 202413D/AOld format–––SEC
BTUPeabody Energy CorpSep 24, 202413D/AOld format–––SEC
BTUPeabody Energy CorpAug 20, 202413DOld format–New–SEC