THOMIST CAPITAL MANAGEMENT, LP
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| SPDR SERIES TRUST(Call) | 0 | 870,000 | +870,000 | 0 | 55,071,000 | — | +55,071,000 |
| NUTRIEN LTD(NTR)(Put) | 0 | 813,000 | +813,000 | 0 | 47,731,230 | — | +47,731,230 |
| SPDR S&P 500 ETF TR(SPY)(Put) | 0 | 50,000 | +50,000 | 0 | 33,309,000 | — | +33,309,000 |
| BUNGE GLOBAL SA(BG) | 0 | 266,664 | +266,664 | 0 | 21,981,114 | 6.85% | +21,981,114 |
| VALERO ENERGY CORP(VLO) | 0 | 114,900 | +114,900 | 0 | 19,778,886 | 6.16% | +19,778,886 |
| DARLING INGREDIENTS INC(DAR) | 98,059 | 667,347 | +569,288 | 3,738,009 | 20,454,186 | 6.37% | +16,716,177 |
| SPDR SERIES TRUST | 0 | 214,300 | +214,300 | 0 | 13,623,051 | 4.25% | +13,623,051 |
| HF SINCLAIR CORP(DINO) | 70,604 | 312,400 | +241,796 | 2,906,061 | 16,394,752 | 5.11% | +13,488,691 |
| SPDR GOLD TR(GLD) | 14,700 | 48,300 | +33,600 | 4,427,934 | 17,023,818 | 5.31% | +12,595,884 |
| RIO TINTO PLC(RIO) | 0 | 174,400 | +174,400 | 0 | 11,496,448 | 3.58% | +11,496,448 |
| IAMGOLD CORP(IAG) | 398,400 | 1,050,227 | +651,827 | 2,820,672 | 13,474,412 | 4.20% | +10,653,740 |
| OLIN CORP(OLN) | 252,331 | 623,386 | +371,055 | 5,155,122 | 15,236,406 | 4.75% | +10,081,284 |
| ARIS MNG CORP(ARIS) | 0 | 1,018,106 | +1,018,106 | 0 | 10,002,522 | 3.12% | +10,002,522 |
| BUNGE GLOBAL SA(BG)(Call) | 0 | 100,000 | +100,000 | 0 | 8,125,000 | — | +8,125,000 |
| AMPLIFY ENERGY CORP NEW(Call) | 0 | 1,500,000 | +1,500,000 | 0 | 7,875,000 | — | +7,875,000 |
| ARCHER DANIELS MIDLAND CO | 0 | 127,300 | +127,300 | 0 | 7,677,463 | 2.39% | +7,677,463 |
| BARRICK MNG CORP(B) | 0 | 203,000 | +203,000 | 0 | 6,727,420 | 2.10% | +6,727,420 |
| PEABODY ENERGY CORP(BTU) | 0 | 247,600 | +247,600 | 0 | 6,638,156 | 2.07% | +6,638,156 |
| CONTROLADORA VUELA COMP DE A | 0 | 972,195 | +972,195 | 0 | 6,630,370 | 2.07% | +6,630,370 |
| SHERWIN WILLIAMS CO(SHW) | 0 | 18,700 | +18,700 | 0 | 6,412,604 | 2.00% | +6,412,604 |
| STEEL DYNAMICS INC(STLD) | 0 | 44,770 | +44,770 | 0 | 6,217,658 | 1.94% | +6,217,658 |
| CLEVELAND-CLIFFS INC NEW(Call) | 0 | 500,300 | +500,300 | 0 | 6,103,660 | — | +6,103,660 |
| IREN LIMITED(Put) | 0 | 130,000 | +130,000 | 0 | 6,100,900 | — | +6,100,900 |
| ISHARES BITCOIN TRUST ETF(IBIT) | 0 | 92,900 | +92,900 | 0 | 6,035,713 | 1.88% | +6,035,713 |
| SOUTHERN COPPER CORP(SCCO) | 0 | 48,700 | +48,700 | 0 | 5,897,083 | 1.84% | +5,897,083 |
| SEADRILL LTD(SDRL) | 1,273,094 | 1,269,299 | -3,795 | 33,176,830 | 38,744,896 | 12.08% | +5,568,066 |
| AMAZON COM INC(AMZN) | 0 | 22,900 | +22,900 | 0 | 5,087,693 | 1.59% | +5,087,693 |
| EXPAND ENERGY CORPORATION(EXE) | 0 | 41,900 | +41,900 | 0 | 4,475,339 | 1.39% | +4,475,339 |
| RANGE RES CORP(RRC) | 0 | 115,900 | +115,900 | 0 | 4,332,342 | 1.35% | +4,332,342 |
| SABLE OFFSHORE CORP(Call) | 0 | 240,000 | +240,000 | 0 | 4,190,400 | — | +4,190,400 |
| HUNTSMAN CORP(HUN)(Call) | 0 | 300,000 | +300,000 | 0 | 2,694,000 | — | +2,694,000 |
| OLIN CORP(OLN)(Call) | 0 | 100,000 | +100,000 | 0 | 2,499,000 | — | +2,499,000 |
| NUCOR CORP(NUE) | 0 | 17,900 | +17,900 | 0 | 2,435,832 | 0.76% | +2,435,832 |
| ANTERO RESOURCES CORP(AR) | 0 | 64,900 | +64,900 | 0 | 2,177,395 | 0.68% | +2,177,395 |
| EQT CORP(EQT) | 0 | 38,800 | +38,800 | 0 | 2,113,048 | 0.66% | +2,113,048 |
| CIVITAS RESOURCES INC | 0 | 61,300 | +61,300 | 0 | 2,038,409 | 0.64% | +2,038,409 |
| GULFPORT ENERGY CORP(GPOR) | 0 | 11,300 | +11,300 | 0 | 2,036,034 | 0.63% | +2,036,034 |
| TRONOX HOLDINGS PLC(TROX)(Call) | 0 | 500,000 | +500,000 | 0 | 2,010,000 | — | +2,010,000 |
| SIGMA LITHIUM CORPORATION(SGML) | 433,914 | 570,089 | +136,175 | 2,004,683 | 3,876,605 | 1.21% | +1,871,922 |
| PLUG POWER INC(Put) | 0 | 800,000 | +800,000 | 0 | 1,864,000 | — | +1,864,000 |
| HYLIION HOLDINGS CORP(Call) | 0 | 927,600 | +927,600 | 0 | 1,827,372 | — | +1,827,372 |
| TERAWULF INC(WULF)(Put) | 0 | 150,000 | +150,000 | 0 | 1,713,000 | — | +1,713,000 |
| OKLO INC(OKLO)(Put) | 0 | 15,100 | +15,100 | 0 | 1,685,613 | — | +1,685,613 |
| HARLEY DAVIDSON INC(HOG) | 0 | 57,850 | +57,850 | 0 | 1,654,012 | 0.52% | +1,654,012 |
| COREWEAVE INC(CRWV)(Put) | 0 | 10,000 | +10,000 | 0 | 1,368,500 | — | +1,368,500 |
| FERROGLOBE PLC | 1,418,951 | 1,494,911 | +75,960 | 5,193,361 | 6,502,863 | 2.03% | +1,309,502 |
| CIPHER MINING INC(CIFR)(Put) | 0 | 100,000 | +100,000 | 0 | 1,259,000 | — | +1,259,000 |
| TYSON FOODS INC(TSN) | 109,100 | 131,298 | +22,198 | 6,026,684 | 7,112,661 | 2.22% | +1,085,977 |
| POLARIS INC(PII) | 7,500 | 23,391 | +15,891 | 307,050 | 1,390,762 | 0.43% | +1,083,712 |
| SPDR SERIES TRUST | 0 | 9,000 | +9,000 | 0 | 995,670 | 0.31% | +995,670 |
| SOUTHWEST AIRLS CO(LUV) | 26,500 | 55,410 | +28,910 | 852,240 | 1,808,623 | 0.56% | +956,383 |
| GREEN PLAINS INC(GPRE) | 0 | 103,800 | +103,800 | 0 | 949,770 | 0.30% | +949,770 |
| RYANAIR HOLDINGS PLC(RYAAY) | 0 | 14,070 | +14,070 | 0 | 823,216 | 0.26% | +823,216 |
| SOLARIS RES INC(SLSR) | 0 | 126,800 | +126,800 | 0 | 805,600 | 0.25% | +805,600 |
| LATAM AIRLINES GROUP SA(LTM) | 0 | 17,945 | +17,945 | 0 | 801,244 | 0.25% | +801,244 |
| CAMPING WORLD HLDGS INC | 27,400 | 76,865 | +49,465 | 495,375 | 1,249,931 | 0.39% | +754,556 |
| SANDRIDGE ENERGY INC | 0 | 59,200 | +59,200 | 0 | 666,000 | 0.21% | +666,000 |
| COPA HOLDINGS SA(CPA) | 0 | 4,875 | +4,875 | 0 | 581,295 | 0.18% | +581,295 |
| WINNEBAGO INDS INC(WGO) | 20,500 | 34,315 | +13,815 | 597,936 | 1,160,363 | 0.36% | +562,427 |
| SKYWEST INC(SKYW) | 0 | 5,545 | +5,545 | 0 | 558,306 | 0.17% | +558,306 |
| BRP INC(DOO) | 7,400 | 13,980 | +6,580 | 357,414 | 844,587 | 0.26% | +487,173 |
| THOR INDS INC(THO) | 5,400 | 8,820 | +3,420 | 484,488 | 923,558 | 0.29% | +439,070 |
| VANGUARD SCOTTSDALE FDS | 0 | 4,151 | +4,151 | 0 | 405,428 | 0.13% | +405,428 |
| STURM RUGER & CO INC | 0 | 9,000 | +9,000 | 0 | 384,930 | 0.12% | +384,930 |
| INNOVEX INTERNATIONAL INC(INVX) | 48,609 | 60,909 | +12,300 | 761,217 | 1,120,726 | 0.35% | +359,509 |
| NORWEGIAN CRUISE LINE HLDG L | 0 | 12,708 | +12,708 | 0 | 314,523 | 0.10% | +314,523 |
| APPLIED DIGITAL CORP | 0 | 14,000 | +14,000 | 0 | 310,100 | 0.10% | +310,100 |
| WATERBRIDGE INFRASTRUCTURE L(WBI) | 0 | 10,000 | +10,000 | 0 | 245,200 | 0.08% | +245,200 |
| EVE HLDG INC | 0 | 48,596 | +48,596 | 0 | 189,038 | 0.06% | +189,038 |
| EVOLV TECHNOLOGIES HLDNGS IN(EVLV) | 0 | 17,400 | +17,400 | 0 | 137,460 | 0.04% | +137,460 |
| SPHERE ENTERTAINMENT CO(SPHR) | 5,000 | 4,990 | -10 | 212,350 | 309,979 | 0.10% | +97,629 |
| SUN CTRY AIRLS HLDGS INC | 42,700 | 28,300 | -14,400 | 506,849 | 338,751 | 0.11% | -168,098 |
| SUNRUN INC(RUN)(Call) | 20,000 | 0 | -20,000 | 205,200 | 0 | — | -205,200 |
| ALGOMA STL GROUP INC(Call) | 100,000 | 0 | -100,000 | 535,000 | 0 | — | -535,000 |
| RIOT PLATFORMS INC(RIOT) | 82,200 | 0 | -82,200 | 867,210 | 0 | — | -867,210 |
| SM ENERGY CO(SM) | 37,100 | 0 | -37,100 | 931,210 | 0 | — | -931,210 |
| IREN LIMITED | 67,000 | 0 | -67,000 | 938,000 | 0 | — | -938,000 |
| INVESCO EXCHANGE TRADED FD T | 24,600 | 0 | -24,600 | 1,396,050 | 0 | — | -1,396,050 |
| CENTURY ALUM CO(CENX) | 221,746 | 83,991 | -137,755 | 4,002,515 | 2,468,915 | 0.77% | -1,533,600 |
| VANGUARD INDEX FDS | 2,812 | 0 | -2,812 | 1,594,263 | 0 | — | -1,594,263 |
| WESTLAKE CORPORATION(WLK) | 71,600 | 46,200 | -25,400 | 5,451,624 | 3,558,324 | 1.11% | -1,893,300 |
| OLIN CORP(OLN)(Call) | 100,000 | 0 | -100,000 | 1,894,000 | 0 | — | -1,894,000 |
| LIBERTY ENERGY INC(LBRT) | 210,700 | 0 | -210,700 | 2,446,227 | 0 | — | -2,446,227 |
| TIMKEN CO(TKR) | 41,800 | 0 | -41,800 | 3,060,178 | 0 | — | -3,060,178 |
| PAR PAC HOLDINGS INC(PARR) | 192,131 | 54,200 | -137,931 | 5,110,685 | 1,939,818 | 0.60% | -3,170,867 |
| CALUMET INC(CLMT)(Call) | 200,000 | 0 | -200,000 | 3,188,000 | 0 | — | -3,188,000 |
| MATADOR RES CO(MTDR) | 88,952 | 0 | -88,952 | 4,289,265 | 0 | — | -4,289,265 |
| IPERIONX LTD | 1,885,203 | 0 | -1,885,203 | 5,836,235 | 0 | — | -5,836,235 |
| ALCOA CORP(AA) | 260,437 | 0 | -260,437 | 7,414,641 | 0 | — | -7,414,641 |
| RAMACO RES INC | 905,747 | 0 | -905,747 | 11,050,113 | 0 | — | -11,050,113 |
| DELEK US HLDGS INC NEW(DK) | 615,907 | 0 | -615,907 | 13,051,069 | 0 | — | -13,051,069 |
| HUDBAY MINERALS INC(HBM) | 1,268,513 | 0 | -1,268,513 | 13,395,497 | 0 | — | -13,395,497 |
| ALCOA CORP(AA)(Call) | 447,100 | 0 | -447,100 | 13,399,587 | 0 | — | -13,399,587 |
| COMMERCIAL METALS CO(CMC) | 298,871 | 22,600 | -276,271 | 14,949,527 | 1,294,980 | 0.40% | -13,654,547 |
| RAMACO RES INC(Call) | 735,100 | 0 | -735,100 | 14,959,285 | 0 | — | -14,959,285 |
| PAR PAC HOLDINGS INC(PARR)(Call) | 704,300 | 0 | -704,300 | 22,100,934 | 0 | — | -22,100,934 |
| DELEK US HLDGS INC NEW(DK)(Call) | 2,100,000 | 0 | -2,100,000 | 46,977,000 | 0 | — | -46,977,000 |