Thoma Capital Management
TOWSON, MDfiles as Thoma Capital Management LLC
$188m in 53 US stocks at the end of 30 June 2026. The top 10 are 81.9% of the money. It changed about 5.9% of the portfolio this quarter.
Value
$188m
Stocks
53
Top 10 share
81.9%
Turnover
5.9%
What changed this quarter
New
Bought for the first time this quarter.
- Air Products & ChemicalsAPD0.1% of the fund
- Micron TechnologyMU0.1% of the fund
- J P Morgan Exchange Traded FJMST0.1% of the fund
- Advanced Micro DevicesAMD0.1% of the fund
Added
Bought more of a stock they already held.
- Ishares TRIGIB19.2% of the fund+6%
- Ishares TRIVE16.1% of the fund+10%
- Ishares TRIGLB4.2% of the fund+39%
- Devon EnergyDVN0.9% of the fund+100%
- Meta PlatformsMETA0.6% of the fund+19%
- WalmartWMT0.5% of the fund+5%
- Cheniere EnergyLNG0.5% of the fund+2%
- BoeingBA0.5% of the fund+4%
- BlackstoneBX0.4% of the fund+5%
- JPMorgan ChaseJPM0.3% of the fund+8%
- RTXRTX0.3% of the fund+47%
- Cava GroupCAVA0.2% of the fund+6%
- Home DepotHD0.2% of the fund+3%
- Invesco QQQ TRQQQ0.2% of the fund+15%
Cut
Sold some of their stake.
- Select Sector Spdr TRXLK5.3% of the fund-21%
- Amplify ETF TRHACK3.8% of the fund-2%
- Ishares TRIWO3.0% of the fund-40%
- Marvell TechnologyMRVL1.3% of the fund-8%
- Amazon.comAMZN1.1% of the fund-4%
- NvidiaNVDA0.9% of the fund-9%
- MicrosoftMSFT0.9% of the fund-5%
- CloudflareNET0.7% of the fund-7%
- Eli LillyLLY0.7% of the fund-3%
- International Business MachinesIBM0.7% of the fund-4%
- Price T Rowe GroupTROW0.6% of the fund-3%
- American Electric PowerAEP0.6% of the fund-5%
- TeslaTSLA0.6% of the fund-2%
- AlphabetGOOG0.5% of the fund-3%
- Diamondback EnergyFANG0.5% of the fund-3%
- OracleORCL0.3% of the fund-27%
- BroadcomAVGO0.3% of the fund-17%
- DraftKingsDKNG0.2% of the fund-38%
- VisaV0.1% of the fund-31%
- BNY Mellon Strategic MunicipalsLEO<0.1% of the fund-53%
Sold out
Sold their entire stake.
- Coterra EnergyCTRA-100%
- Honeywell InternationalHON-100%
- GE HealthCare TechnologiesGEHC-100%
- Ishares TRIYW-100%
- CorningGLW-100%
- NextEra EnergyNEE-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 26.2%
- Value
- $49m
- Shares
- 65,874
Held
- Ishares TRIGIB
- Share
- 19.2%
- Value
- $36m
- Shares
- 677,770
+6%
- Ishares TRIVE
- Share
- 16.1%
- Value
- $30m
- Shares
- 132,595
+10%
- Select Sector Spdr TRXLK
- Share
- 5.3%
- Value
- $10m
- Shares
- 52,541
-21%
- Ishares TRIGLB
- Share
- 4.2%
- Value
- $8m
- Shares
- 158,874
+39%
- Amplify ETF TRHACK
- Share
- 3.8%
- Value
- $7m
- Shares
- 67,253
-2%
- Ishares TRIWO
- Share
- 3.0%
- Value
- $6m
- Shares
- 14,419
-40%
- Invesco QQQ TRQQQ
- Share
- 0.2%
- Value
- $353,274
- Shares
- 479
+15%
- Ishares TRSGOV
- Share
- 0.2%
- Value
- $324,761
- Shares
- 3,226
Held
- J P Morgan Exchange Traded FJMST
- Share
- 0.1%
- Value
- $255,612
- Shares
- 5,012
New
- BNY Mellon Strategic MunicipalsLEO
- Share
- <0.1%
- Value
- $70,079
- Shares
- 10,848
-53%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | 26.2% | $49m | 65,874 | Held |
| Ishares TRIGIB | 19.2% | $36m | 677,770 | +6% |
| Ishares TRIVE | 16.1% | $30m | 132,595 | +10% |
| Select Sector Spdr TRXLK | 5.3% | $10m | 52,541 | -21% |
| Ishares TRIGLB | 4.2% | $8m | 158,874 | +39% |
| Amplify ETF TRHACK | 3.8% | $7m | 67,253 | -2% |
| Ishares TRIWO | 3.0% | $6m | 14,419 | -40% |
| AppleAAPL | 1.6% | $3m | 10,677 | Held |
| Marvell TechnologyMRVL | 1.3% | $2m | 8,001 | -8% |
| Amazon.comAMZN | 1.1% | $2m | 8,329 | -4% |
| NvidiaNVDA | 0.9% | $2m | 8,639 | -9% |
| MicrosoftMSFT | 0.9% | $2m | 4,535 | -5% |
| Devon EnergyDVN | 0.9% | $2m | 40,546 | +100% |
| AlphabetGOOGL | 0.9% | $2m | 4,686 | Held |
| CloudflareNET | 0.7% | $1m | 5,719 | -7% |
| Eli LillyLLY | 0.7% | $1m | 1,042 | -3% |
| International Business MachinesIBM | 0.7% | $1m | 4,343 | -4% |
| Meta PlatformsMETA | 0.6% | $1m | 2,162 | +19% |
| Price T Rowe GroupTROW | 0.6% | $1m | 10,308 | -3% |
| American Electric PowerAEP | 0.6% | $1m | 8,368 | -5% |
| TeslaTSLA | 0.6% | $1m | 2,617 | -2% |
| Coca-ColaKO | 0.6% | $1m | 12,950 | Held |
| EatonETN | 0.6% | $1m | 2,443 | Held |
| Berkshire HathawayBRK-B | 0.5% | $980,264 | 1,959 | Held |
| AlphabetGOOG | 0.5% | $977,348 | 2,766 | -3% |
| WalmartWMT | 0.5% | $944,348 | 8,337 | +5% |
| Cheniere EnergyLNG | 0.5% | $907,492 | 3,796 | +2% |
| Diamondback EnergyFANG | 0.5% | $866,271 | 4,928 | -3% |
| BoeingBA | 0.5% | $866,209 | 4,001 | +4% |
| ChevronCVX | 0.5% | $854,613 | 5,155 | Held |
| Walt DisneyDIS | 0.5% | $850,521 | 8,836 | Held |
| AmgenAMGN | 0.4% | $794,373 | 2,193 | Held |
| Digital Realty TrustDLR | 0.4% | $751,569 | 4,185 | Held |
| BlackstoneBX | 0.4% | $728,262 | 6,189 | +5% |
| JPMorgan ChaseJPM | 0.3% | $653,509 | 1,996 | +8% |
| RTXRTX | 0.3% | $645,651 | 3,403 | +47% |
| Palantir TechnologiesPLTR | 0.3% | $639,935 | 5,485 | Held |
| OracleORCL | 0.3% | $524,346 | 3,577 | -27% |
| BroadcomAVGO | 0.3% | $471,699 | 1,248 | -17% |
| Cava GroupCAVA | 0.2% | $447,179 | 5,698 | +6% |
| AbbVieABBV | 0.2% | $428,763 | 1,703 | Held |
| Home DepotHD | 0.2% | $390,562 | 1,107 | +3% |
| DraftKingsDKNG | 0.2% | $390,292 | 15,451 | -38% |
| Invesco QQQ TRQQQ | 0.2% | $353,274 | 479 | +15% |
| Ishares TRSGOV | 0.2% | $324,761 | 3,226 | Held |
| CSXCSX | 0.2% | $318,594 | 6,703 | Held |
| Air Products & ChemicalsAPD | 0.1% | $260,637 | 889 | New |
| Micron TechnologyMU | 0.1% | $259,715 | 225 | New |
| J P Morgan Exchange Traded FJMST | 0.1% | $255,612 | 5,012 | New |
| Public Service Enterprise GroupPEG | 0.1% | $243,237 | 2,997 | Held |
| Advanced Micro DevicesAMD | 0.1% | $232,364 | 400 | New |
| VisaV | 0.1% | $224,381 | 654 | -31% |
| BNY Mellon Strategic MunicipalsLEO | <0.1% | $70,079 | 10,848 | -53% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 19.4% since 30 June 2025.
Where the money is
Technology7.3%
Media & telecom2.5%
Retail & consumer2.3%
Energy2.3%
Financial services2.0%
Industrials1.5%
Health care1.3%
Everyday goods1.1%
Utilities0.7%
Real estate0.4%
Materials0.1%
Other78.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.