Thoma Capital Management LLC — Q2 2025 13F Holdings

Name: Thoma Capital Management LLC — 13F Holdings, Q2 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0002060298

Total reported value

$169.1M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	21.19%	-0.33%	+11.58%
2	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	20.85%	+0.71%	+8.05%
3	IVE	Ishares S&p 500 Value ETF	ETF-Large Cap & Growth	10.46%	+1.64%	+18.35%
4	XLK	Ss Technology Select Sector	ETF-Tech	7.02%	-0.47%	-2.25%
5	IWO	Ishares Russell 2000 Growth	ETF-Small Cap	6.43%	-0.44%	-5.05%
6	HACK	Amplify Cybersecurity ETF	ETF-Other	4.21%	+0.04%	-1.54%
7	JPC	Nuveen Prefered & Income Opp	Stock-Other	2.28%	-0.72%	EXIT
8	AAPL	Apple INC	Stock-Tech	1.82%	-0.18%	-5.96%
9	MSFT	Microsoft CORP	Stock-Tech	1.44%	-0.09%	+0.77%
10	AMZN	Amazon.com INC	Stock-Consumer Disc	1.34%	-0.08%	-5.02%
11	NVDA	Nvidia CORP	Stock-Tech	1.26%	-0.19%	+0.18%
12	IBM	Intl Business Machines CORP	Stock-Tech	0.91%	-0.07%	+0.06%
13	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.90%	-0.68%	-1.28%
14	META	Meta Platforms Inc-class A	Stock-Comm Services	0.88%	-0.07%	+1.19%
15	NET	Cloudflare INC - Class A	Stock-Tech	0.86%	+0.06%	+1.42%
16	ORCL	Oracle CORP	Stock-Tech	0.79%	-0.13%	+0.64%
17	DIS	Walt Disney Co/the	Stock-Comm Services	0.74%	-0.11%	-0.26%
18	DKNG	Draftkings Inc-cl A	Stock-Consumer Disc	0.69%	-0.16%	+2.71%
19	GOOGL	Alphabet Inc-cl A	Stock-Comm Services	0.66%	-0.06%	-1.16%
20	ETN	Eaton Corporation plc	Stock-Industrials	0.58%	+0.06%	+1.07%
21	WMT	Walmart INC	Stock-Consumer Staples	0.56%	—	+0.78%
22	TSLA	Tesla INC	Stock-Consumer Disc	0.55%	-0.11%	+0.04%
23	AEP	American Electric Power	Stock-Utilities	0.54%	+0.12%	-1.48%
24	JPM	Jpmorgan Chase & Co	Stock-Financials	0.54%	-0.16%	-1.64%
25	LLY	Eli Lilly & Co	Stock-Healthcare	0.53%	-0.04%	+0.47%
26	LNG	Cheniere Energy INC	Stock-Energy	0.53%	+0.22%	-1.88%
27	HON	Honeywell International INC	Stock-Industrials	0.53%	+0.10%	-0.53%
28	BRK-B	Berkshire Hathaway Inc-cl B	Stock-Other	0.52%	—	+3.55%
29	JEF	Jefferies Financial Group In	Stock-Financials	0.51%	—	+6.26%
30	CTRA	Coterra Energy INC	Stock-Energy	0.51%	+0.15%	-6.30%
31	KO	Coca-cola Co/the	Stock-Consumer Staples	0.50%	+0.11%	+0.46%
32	BX	Blackstone INC	Stock-Financials	0.48%	-0.06%	+5.04%
33	TROW	T Rowe Price Group INC	Stock-Financials	0.45%	—	+12.19%
34	LEO	Bny Mellon Strategic Muni	Stock-Other	0.45%	—	-1.43%
35	GEHC	GE Healthcare Technology	Stock-Healthcare	0.45%	-0.06%	+0.11%
36	AMGN	Amgen INC	Stock-Healthcare	0.45%	—	+1.41%
37	BA	Boeing Co/the	Stock-Industrials	0.45%	—	-0.68%
38	CVX	Chevron CORP	Stock-Energy	0.44%	+0.18%	+2.71%
39	MRVL	Marvell Technology INC	Stock-Tech	0.43%	+0.09%	+7.24%
40	AVGO	Broadcom INC	Stock-Tech	0.41%	-0.06%	—
41	PLTR	Palantir Technologies Inc-a	Stock-Tech	0.40%	-0.05%	+6.32%
42	FANG	Diamondback Energy INC	Stock-Energy	0.39%	+0.19%	+1.59%
43	DVN	Devon Energy CORP	Stock-Energy	0.38%	+0.19%	-0.08%
44	DIA	Ss Spdr Dow Jones Indus Avg	ETF-Large Cap & Growth	0.38%	-0.38%	EXIT
45	GOOG	Alphabet Inc-cl C	Stock-Comm Services	0.37%	-0.08%	+0.03%
46	IGLB	Ishares 10+ Year Inv Gr CORP	ETF-Other	0.34%	+1.03%	-0.40%
47	CAVA	Cava Group INC	Stock-Consumer Disc	0.32%	+0.09%	+95.89%
48	LMT	Lockheed Martin CORP	Stock-Industrials	0.32%	-0.28%	EXIT
49	WSC	Willscot Holdings CORP	Stock-Industrials	0.30%	-0.11%	EXIT
50	V	Visa Inc-class A Shares	Stock-Financials	0.22%	-0.06%	—

1–50 of 58

Holding changes this quarter

Position changes disclosed by Thoma Capital Management LLC for the quarter ending Q2 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SPY	Ss Spdr S&p 500 ETF Trust-us	+2.3%	+11.58%	Add
2	IVE	Ishares S&p 500 Value ETF	+1%	+18.35%	Add
3	XLK	Ss Technology Select Sector	+0.6%	-2.25%	Trim
4	NET	Cloudflare INC - Class A	+0.3%	+1.42%	Add
5	NVDA	Nvidia CORP	+0.3%	+0.18%	Add
6	HACK	Amplify Cybersecurity ETF	+0.3%	-1.54%	Trim
7	MSFT	Microsoft CORP	+0.3%	+0.77%	Add
8	ORCL	Oracle CORP	+0.2%	+0.64%	Add
9	META	Meta Platforms Inc-class A	+0.1%	+1.19%	Add
10	PLTR	Palantir Technologies Inc-a	+0.1%	+6.32%	Add
11	AVGO	Broadcom INC	+0.1%	—	Unchanged
12	CAVA	Cava Group INC	+0.1%	+95.89%	Add
13	DKNG	Draftkings Inc-cl A	+0.1%	+2.71%	Add
14	ETN	Eaton Corporation plc	+0.1%	+1.07%	Add
15	DIS	Walt Disney Co/the	+0.1%	-0.26%	Trim
16	MRVL	Marvell Technology INC	+0.1%	+7.24%	Add
17	IBM	Intl Business Machines CORP	+0.1%	+0.06%	Add
18	TSLA	Tesla INC	+0.1%	+0.04%	Add
19	QQQ	Invesco Qqq Trust Series 1	+0.1%	-1.28%	Trim
20	BA	Boeing Co/the	+0.1%	-0.68%	Trim
21	JPM	Jpmorgan Chase & Co	0%	-1.64%	Trim
22	TROW	T Rowe Price Group INC	0%	+12.19%	Add
23	GOOGL	Alphabet Inc-cl A	0%	-1.16%	Trim
24	WMT	Walmart INC	0%	+0.78%	Add
25	GOOG	Alphabet Inc-cl C	0%	+0.03%	Add
26	IYW	Ishares Ustechnology ETF	0%	—	Unchanged
27	BX	Blackstone INC	0%	+5.04%	Add
28	HON	Honeywell International INC	—	-0.53%	Trim
29	DLR	Digital Realty Trust INC	—	-7.50%	Trim
30	AMZN	Amazon.com INC	0%	-5.02%	Trim
31	JEF	Jefferies Financial Group In	0%	+6.26%	Add
32	DIA	Ss Spdr Dow Jones Indus Avg	0%	—	Unchanged
33	IGIB	Ishares 5-10y Inv Grade CORP	-0.1%	+8.05%	Add
34	LEO	Bny Mellon Strategic Muni	-0.1%	-1.43%	Trim
35	ABBV	Abbvie INC	-0.1%	-11.35%	Trim
36	LLY	Eli Lilly & Co	-0.1%	+0.47%	Add
37	AMGN	Amgen INC	-0.1%	+1.41%	Add
38	GEHC	GE Healthcare Technology	-0.1%	+0.11%	Add
39	BRK-B	Berkshire Hathaway Inc-cl B	-0.1%	+3.55%	Add
40	FANG	Diamondback Energy INC	-0.1%	+1.59%	Add
41	AEP	American Electric Power	-0.1%	-1.48%	Trim
42	CVX	Chevron CORP	-0.1%	+2.71%	Add
43	DVN	Devon Energy CORP	-0.1%	-0.08%	Trim
44	CTRA	Coterra Energy INC	-0.2%	-6.30%	Trim
45	JPC	Nuveen Prefered & Income Opp	-0.2%	+0.52%	Add
46	IWO	Ishares Russell 2000 Growth	-0.2%	-5.05%	Trim
47	AAPL	Apple INC	-0.5%	-5.96%	Trim
48	XLV	Ss Health Care Select Sector	—	EXIT	Sold out
49	PFE	Pfizer INC	—	EXIT	Sold out
50	HD	Home Depot INC	—	NEW	New buy