Arkolith/Funds/Thomist Capital Management, LP

Thomist Capital Management, LP

CIK 1767809
Holdings as of Mar 31, 2026·disclosed May 15, 2026·~45-day 13F lag·13F-HR
Active Filer

Thomist Capital Management, LP holds a focused book of 43 stocks worth $292.5M as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Aris Mining Corp and trimmed Core Natural Resources Inc. Their largest long position is HF Sinclair Corp at 12% of the equity book. They also disclosed $19.8M in put options (a bearish bet) and $59.2M in call options (bullish), shown separately below and excluded from the equity book.

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Use Arkolith to show THOMIST CAPITAL MANAGEMENT, LP's latest
holdings, largest changes, and filing provenance.
Opened
28
new positions
Added to
8
existing
Trimmed
7
reduced
Sold out
43
exited

Concentration

Top-heavy: focused book

Top 5 holdings
40%
Top 10 holdings
61%
Top 20 holdings
85%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

97% mapped to company sectors

Industrials
29%
Materials
28%
Energy
26%
Financials
12%
ETF / fund or unclassified
3%
Consumer Discretionary
1%
Utilities
1%
Information Technology
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

43 positions
#SecurityValueShares% PortLast moveHistory
1HF Sinclair Corp
COM
$35.3M566.1K
12.1%
+84%
Added · +258K sh
2Core Natural Resources Inc
COM SHS
$23.5M224.8K
8.0%
−3.9%
Reduced · −9K sh
3Aris Mining Corporation
COM
$21.3M1.15M
7.3%
New
New position
4Steel Dynamics Inc
COM
$19.0M105.3K
6.5%
New
New position
5Delek US Hldgs Inc New
COM
$16.8M372.9K
5.7%
New
New position
6SSR Mining In
COM
$16.1M548.9K
5.5%
New
New position
7Equinox Gold Corp
COM
$12.9M890.9K
4.4%
New
New position
8Controladora Vuela Comp De A
SPON ADR RP 10
$11.1M1.54M
3.8%
+52%
Added · +529K sh
9Permian Resources Corp
CLASS A COM
$10.9M511.3K
3.7%
New
New position
10Southwest Airls Co
COM
$10.8M288.0K
3.7%
+180%
Added · +185K sh
11Vanguard Index FDS
S&P 500 ETF SHS
$10.2M17.0K
3.5%
New
New position
12Royal Gold Inc
COM
$9.5M37.3K
3.2%
New
New position
13Westlake Corporation
COM
$8.5M73.0K
2.9%
−35%
Reduced · −39K sh
14Baytex Energy Corp
COM
$8.4M1.89M
2.9%
−37%
Reduced · −1.1M sh
15Peabody Engr Corp
COM
$7.6M231.6K
2.6%
New
New position
16Eastman Chem Co
COM
$6.5M84.7K
2.2%
New
New position
17Rice Acquisition Corp 3
UNIT 99/99/9999
$5.4M506.3K
1.8%
+1.3%
Added · +6K sh
18Scorpio Tankers Inc
SHS
$4.6M61.9K
1.6%
New
New position
19Ferroglobe PLC
SHS
$4.5M1.08M
1.5%
−25%
Reduced · −367K sh
20DHT Holdings Inc
SHS NEW
$4.4M241.7K
1.5%
New
New position
21Olin Corp
COM PAR $1
$4.0M134.0K
1.4%
−74%
Reduced · −372K sh
22Polaris Inc
COM
$3.7M68.8K
1.3%
+175%
Added · +44K sh
23Ryanair Holdings PLC
SPONSORED ADR
$3.2M55.0K
1.1%
New
New position
24Camping World Hldgs Inc
CL A
$3.1M457.3K
1.1%
+179%
Added · +293K sh
25BRP Inc
COM SUN VTG
$2.9M40.1K
1.0%
New
New position
26Harley Davidson Inc
COM
$2.8M140.6K
1.0%
New
New position
27Par Pac Holdings Inc
COM NEW
$2.8M44.8K
1.0%
+431%
Added · +36K sh
28Okeanis Eco Tankers Cor
SHS
$2.8M55.1K
1.0%
New
New position
29Kosmos Energy Ltd
COM
$2.6M927.2K
0.9%
New
New position
30Osisko Development Corp
COM NEW
$2.6M790.0K
0.9%
New
New position
31Cheniere Energy Inc
COM NEW
$2.3M8.1K
0.8%
New
New position
32Nordic American Tankers Limi
COM
$2.0M338.9K
0.7%
New
New position
33Nvidia Corporation
COM
$1.4M8.1K
0.5%
New
New position
34Hut 8 Corp
COM
$1.4M29.6K
0.5%
+117%
Added · +16K sh
35Solaris Res Inc
COM NEW
$1.3M154.6K
0.5%
New
New position
36Ranger Energy Svcs Inc
COM CL A
$1.3M73.9K
0.4%
New
New position
37Alaska Air Group Inc
COM
$1.0M28.4K
0.4%
New
New position
38Expro Group Holdings NV
COM
$951K54.6K
0.3%
New
New position
39Riot Platforms Inc
COM
$834K67.5K
0.3%
New
New position
40Amplify Energy Corp New
COM
$816K130.8K
0.3%
−96%
Reduced · −3.0M sh
41Iren Limited
ORDINARY SHARES
$703K20.5K
0.2%
New
New position
42Futurefuel Corp
COM
$365K94.9K
0.1%
New
New position
43Infinity Nat Res Inc
COM CL A
$207K11.8K
0.1%
−94%
Reduced · −191K sh
Showing all 43 positions

Largest options & derivatives disclosed

Put / call positions from the 13F — totals include every disclosed option leg

Put notional (bearish)$19.8M
Call notional (bullish)$59.2M
TypeUnderlyingNotional valueUnderlying shares
CALL · bullishDARLING INGREDIENTS INC$27.8M450K
PUT · bearishCF INDUSTRIES HOLD$19.5M150K
CALL · bullishFREEPORT MCMORAN INC$8.8M150K
CALL · bullishBUNGE GLOBAL SA$6.5M51K
CALL · bullishHF SINCLAIR CORP$4.4M70K
CALL · bullishVANECK ETF TRUST$2.8M30K
CALL · bullishFUTUREFUEL CORP$2.7M700K
CALL · bullishDELEK US HLDGS INC NEW$2.3M50K
CALL · bullishB2GOLD CORP$1.1M250K
CALL · bullishMP MATERIALS CORP$965K20K
CALL · bullishJETBLUE AIRWAYS CORP$853K193K
CALL · bullishADVANCED MICRO DEVICES INC$712K4K
CALL · bullishFRONTIER GROUP HLDGS INC$353K100K
PUT · bearishFERMI INC$292K50K

13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 15, 202657$371.5M13F-HR
Q4 2025Dec 31, 2025Feb 13, 202665$471.0M13F-HR
Q3 2025Sep 30, 2025Nov 14, 202576$506.3M13F-HR
Q2 2025Jun 30, 2025Aug 13, 202543$269.1M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.