CIK: 0002060298
Total reported value
$169.1M
Reporting period: 2026-03-31 · Number of holdings: 55
Thoma Capital Management LLC disclosed 55 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $169.1M and a quarterly turnover rate of 11.8%.
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Thoma Capital Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.135 — mathematically equivalent to about 7 equally-sized positions, well below its 55 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.56), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 17% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add IVE
+9.8% $2.2M
Add IGLB
+42.6% $1.6M
Add IGIB
+2.2% $333.1K
Trim QQQ
-82.0% -$1.2M
Trim XLK
-3.1% -$1.0M
Trim IWO
-8.8% -$976.2K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 25.20% | -0.33% | +0.80% | |
| 2 | IGIB | Ishares 5-10y Inv Grade CORP | ETF-Corp Bonds | 20.10% | +0.71% | +2.24% | |
| 3 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 15.10% | +1.64% | +9.81% | |
| 4 | XLK | Ss Technology Select Sector | ETF-Tech | 5.22% | -0.47% | -3.08% | |
| 5 | IWO | Ishares Russell 2000 Growth | ETF-Small Cap | 4.48% | -0.44% | -8.83% | |
| 6 | IGLB | Ishares 10+ Year Inv Gr CORP | ETF-Other | 3.36% | +1.03% | +42.59% | |
| 7 | HACK | Amplify Cybersecurity ETF | ETF-Other | 3.06% | +0.04% | +5.43% | |
| 8 | AAPL | Apple INC | Stock-Tech | 1.59% | -0.18% | -6.03% | |
| 9 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.07% | -0.08% | +0.24% | |
| 10 | MSFT | Microsoft CORP | Stock-Tech | 1.05% | -0.09% | +17.48% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 0.97% | -0.19% | -12.88% | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.79% | -0.06% | -0.58% | |
| 13 | NET | Cloudflare INC - Class A | Stock-Tech | 0.75% | +0.06% | +1.76% | |
| 14 | AEP | American Electric Power | Stock-Utilities | 0.68% | +0.12% | +4.57% | |
| 15 | IBM | Intl Business Machines CORP | Stock-Tech | 0.65% | -0.07% | +7.32% | |
| 16 | CVX | Chevron CORP | Stock-Energy | 0.62% | +0.18% | +2.16% | |
| 17 | LNG | Cheniere Energy INC | Stock-Energy | 0.62% | +0.22% | +4.35% | |
| 18 | CTRA | Coterra Energy INC | Stock-Energy | 0.62% | +0.15% | -3.24% | |
| 19 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.61% | -0.07% | -0.06% | |
| 20 | DVN | Devon Energy CORP | Stock-Energy | 0.60% | +0.19% | +4.43% | |
| 21 | FANG | Diamondback Energy INC | Stock-Energy | 0.59% | +0.19% | +8.98% | |
| 22 | TSLA | Tesla INC | Stock-Consumer Disc | 0.59% | -0.11% | -0.60% | |
| 23 | WMT | Walmart INC | Stock-Consumer Staples | 0.59% | — | -4.64% | |
| 24 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.58% | -0.04% | +6.68% | |
| 25 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.57% | +0.11% | +10.62% | |
| 26 | TROW | T Rowe Price Group INC | Stock-Financials | 0.57% | — | +18.98% | |
| 27 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.56% | — | +9.74% | |
| 28 | HON | Honeywell International INC | Stock-Industrials | 0.53% | +0.10% | +5.28% | |
| 29 | MRVL | Marvell Technology INC | Stock-Tech | 0.51% | +0.09% | +1.33% | |
| 30 | ETN | Eaton Corporation plc | Stock-Industrials | 0.51% | +0.06% | -2.83% | |
| 31 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.50% | -0.11% | -5.57% | |
| 32 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.48% | -0.08% | -7.51% | |
| 33 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.47% | -0.05% | +6.66% | |
| 34 | BA | Boeing Co/the | Stock-Industrials | 0.45% | — | +9.80% | |
| 35 | AMGN | Amgen INC | Stock-Healthcare | 0.45% | — | +2.41% | |
| 36 | DLR | Digital Realty Trust INC | Stock-Real Estate | 0.45% | +0.20% | +52.27% | |
| 37 | ORCL | Oracle CORP | Stock-Tech | 0.43% | -0.13% | -1.31% | |
| 38 | GEHC | GE Healthcare Technology | Stock-Healthcare | 0.41% | -0.06% | -1.10% | |
| 39 | BX | Blackstone INC | Stock-Financials | 0.40% | -0.06% | +12.88% | |
| 40 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.32% | -0.16% | -28.86% | |
| 41 | DKNG | Draftkings Inc-cl A | Stock-Consumer Disc | 0.32% | -0.16% | +1.21% | |
| 42 | AVGO | Broadcom INC | Stock-Tech | 0.27% | -0.06% | -10.50% | |
| 43 | RTX | Rtx CORP | Stock-Industrials | 0.26% | +0.06% | +25.45% | |
| 44 | CAVA | Cava Group INC | Stock-Consumer Disc | 0.26% | +0.09% | +8.97% | |
| 45 | ABBV | Abbvie INC | Stock-Healthcare | 0.22% | — | +13.57% | |
| 46 | HD | Home Depot INC | Stock-Consumer Disc | 0.21% | — | +9.45% | |
| 47 | SGOV | Ishares 0-3 Month Treasury B | ETF-Gov Bonds | 0.19% | — | -7.19% | |
| 48 | V | Visa Inc-class A Shares | Stock-Financials | 0.17% | -0.06% | -15.87% | |
| 49 | IYW | Ishares Ustechnology ETF | ETF-Tech | 0.16% | — | +0.53% | |
| 50 | CSX | Csx CORP | Stock-Industrials | 0.16% | — | +15.51% |
Performance for Q3 2026
+4.1%
Performance Last 4 Quarters
+14.8%
Based on 89% of reported portfolio value with available pricing
Thoma Capital Management LLC's most significant position changes for 2026-03-31: Sold out: Nuveen Prefered & Income Opp (JPC); Sold out: Ss Spdr Dow Jones Indus Avg (DIA); Sold out: Vanguard Russell 1000 Growth (VONG); Sold out: Lockheed Martin CORP (LMT); New buy: Corning INC (GLW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IVE | Ishares S&p 500 Value ETF | +1.6% | +9.81% | Add |
| 2 | IGLB | Ishares 10+ Year Inv Gr CORP | +1% | +42.59% | Add |
| 3 | IGIB | Ishares 5-10y Inv Grade CORP | +0.7% | +2.24% | Add |
| 4 | LNG | Cheniere Energy INC | +0.2% | +4.35% | Add |
| 5 | DLR | Digital Realty Trust INC | +0.2% | +52.27% | Add |
| 6 | DVN | Devon Energy CORP | +0.2% | +4.43% | Add |
| 7 | FANG | Diamondback Energy INC | +0.2% | +8.98% | Add |
| 8 | CVX | Chevron CORP | +0.2% | +2.16% | Add |
| 9 | CTRA | Coterra Energy INC | +0.2% | -3.24% | Trim |
| 10 | AEP | American Electric Power | +0.1% | +4.57% | Add |
| 11 | KO | Coca-cola Co/the | +0.1% | +10.62% | Add |
| 12 | HON | Honeywell International INC | +0.1% | +5.28% | Add |
| 13 | CAVA | Cava Group INC | +0.1% | +8.97% | Add |
| 14 | MRVL | Marvell Technology INC | +0.1% | +1.33% | Add |
| 15 | RTX | Rtx CORP | +0.1% | +25.45% | Add |
| 16 | NET | Cloudflare INC - Class A | +0.1% | +1.76% | Add |
| 17 | ETN | Eaton Corporation plc | +0.1% | -2.83% | Trim |
| 18 | HACK | Amplify Cybersecurity ETF | 0% | +5.43% | Add |
| 19 | LLY | Eli Lilly & Co | 0% | +6.68% | Add |
| 20 | PLTR | Palantir Technologies Inc-a | -0.1% | +6.66% | Add |
| 21 | GOOGL | Alphabet Inc-cl A | -0.1% | -0.58% | Trim |
| 22 | BX | Blackstone INC | -0.1% | +12.88% | Add |
| 23 | AVGO | Broadcom INC | -0.1% | -10.50% | Trim |
| 24 | GEHC | GE Healthcare Technology | -0.1% | -1.10% | Trim |
| 25 | V | Visa Inc-class A Shares | -0.1% | -15.87% | Trim |
| 26 | META | Meta Platforms Inc-class A | -0.1% | -0.06% | Trim |
| 27 | IBM | Intl Business Machines CORP | -0.1% | +7.32% | Add |
| 28 | AMZN | Amazon.com INC | -0.1% | +0.24% | Add |
| 29 | GOOG | Alphabet Inc-cl C | -0.1% | -7.51% | Trim |
| 30 | MSFT | Microsoft CORP | -0.1% | +17.48% | Add |
| 31 | TSLA | Tesla INC | -0.1% | -0.60% | Trim |
| 32 | DIS | Walt Disney Co/the | -0.1% | -5.57% | Trim |
| 33 | ORCL | Oracle CORP | -0.1% | -1.31% | Trim |
| 34 | DKNG | Draftkings Inc-cl A | -0.2% | +1.21% | Add |
| 35 | JPM | Jpmorgan Chase & Co | -0.2% | -28.86% | Trim |
| 36 | AAPL | Apple INC | -0.2% | -6.03% | Trim |
| 37 | NVDA | Nvidia CORP | -0.2% | -12.88% | Trim |
| 38 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.3% | +0.80% | Add |
| 39 | IWO | Ishares Russell 2000 Growth | -0.4% | -8.83% | Trim |
| 40 | XLK | Ss Technology Select Sector | -0.5% | -3.08% | Trim |
| 41 | QQQ | Invesco Qqq Trust Series 1 | -0.7% | -82.03% | Trim |
| 42 | JPC | Nuveen Prefered & Income Opp | — | EXIT | Sold out |
| 43 | DIA | Ss Spdr Dow Jones Indus Avg | — | EXIT | Sold out |
| 44 | VONG | Vanguard Russell 1000 Growth | — | EXIT | Sold out |
| 45 | LMT | Lockheed Martin CORP | — | EXIT | Sold out |
| 46 | GLW | Corning INC | — | NEW | New buy |
| 47 | VTEB | Vanguard Tax-exempt Bond ETF | — | EXIT | Sold out |
| 48 | NEE | Nextera Energy INC | — | NEW | New buy |
| 49 | IWP | Ishares Russell Mid-cap Grow | — | EXIT | Sold out |
| 50 | WSC | Willscot Holdings CORP | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-04-20 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-08 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-21 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-10-01 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-10-01 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-03-18 | 13F-HR | View on EDGAR |
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