Thoma Capital Management LLC
Net buyer this quarter
$188M
46
+$384K
38.8%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q2 2026 | |||||
 SPY | $49.2M | 26.23% | Not reported | +0.5% | Q4 2024 |
 IGLB | $7.95M | 4.24% | Not reported | +38.9% | Q4 2024 |
 AAPL | $3.09M | 1.65% | 0.00% | +0.6% | Q4 2024 |
 MRVL | $2.38M | 1.27% | 0.00% | -8.2% | Q4 2024 |
 AMZN | $1.99M | 1.06% | 0.00% | -4.1% | Q4 2024 |
 NVDA | $1.73M | 0.92% | 0.00% | -8.5% | Q4 2024 |
 MSFT | $1.69M | 0.90% | 0.00% | -5.3% | Q4 2024 |
 DVN | $1.68M | 0.89% | 0.01% | +99.8% | Q4 2024 |
 GOOGL | $1.67M | 0.89% | 0.00% | +0.4% | Q4 2024 |
 NET | $1.4M | 0.75% | Not reported | -6.9% | Q4 2024 |
 LLY | $1.25M | 0.67% | 0.00% | -2.6% | Q4 2024 |
 IBM | $1.22M | 0.65% | 0.00% | -3.5% | Q4 2024 |
 META | $1.22M | 0.65% | Not reported | +19.0% | Q4 2024 |
 TROW | $1.17M | 0.62% | 0.00% | -3.2% | Q4 2024 |
 AEP | $1.14M | 0.61% | 0.00% | -4.5% | Q4 2024 |
 TSLA | $1.1M | 0.59% | 0.00% | -2.1% | Q4 2024 |
 KO | $1.05M | 0.56% | 0.00% | +1.5% | Q4 2024 |
 ETN | $1.04M | 0.56% | 0.00% | +1.5% | Q4 2024 |
 BRK.B | $980K | 0.52% | Not reported | -0.6% | Q4 2024 |
| GOOG | $977K | 0.52% | Not reported | -2.8% | Q4 2024 |
 WMT | $944K | 0.50% | 0.00% | +4.5% | Q4 2024 |
 LNG | $907K | 0.48% | 0.00% | +2.1% | Q4 2024 |
 FANG | $866K | 0.46% | 0.00% | -2.7% | Q4 2024 |
 BA | $866K | 0.46% | 0.00% | +3.6% | Q4 2024 |
 CVX | $855K | 0.46% | 0.00% | +1.1% | Q4 2024 |
 DIS | $851K | 0.45% | 0.00% | -0.1% | Q4 2024 |
 AMGN | $794K | 0.42% | 0.00% | +1.3% | Q4 2024 |
 DLR | $752K | 0.40% | 0.00% | -0.1% | Q4 2024 |
 BX | $728K | 0.39% | 0.00% | +5.3% | Q4 2024 |
 JPM | $654K | 0.35% | 0.00% | +8.4% | Q4 2024 |
 RTX | $646K | 0.34% | 0.00% | +46.9% | Q3 2025 |
 PLTR | $640K | 0.34% | 0.00% | +2.0% | Q4 2024 |
 ORCL | $524K | 0.28% | 0.00% | -27.2% | Q4 2024 |
 AVGO | $472K | 0.25% | 0.00% | -16.8% | Q4 2024 |
 CAVA | $447K | 0.24% | 0.00% | +5.6% | Q1 2025 |
 ABBV | $429K | 0.23% | 0.00% | +0.2% | Q4 2024 |
 HD | $391K | 0.21% | 0.00% | +2.8% | Q2 2025 |
 DKNG | $390K | 0.21% | Not reported | -37.5% | Q4 2024 |
 QQQ | $353K | 0.19% | Not reported | +14.6% | Q4 2024 |
 CSX | $319K | 0.17% | 0.00% | Not reported | Q3 2025 |
 APD | $261K | 0.14% | 0.00% | New | Q2 2026 |
 MU | $260K | 0.14% | 0.00% | New | Q2 2026 |
 PEG | $243K | 0.13% | 0.00% | Not reported | Q4 2024 |
 AMD | $232K | 0.12% | 0.00% | New | Q2 2026 |
 V | $224K | 0.12% | 0.00% | -31.5% | Q4 2024 |
 LEO | $70.1K | 0.04% | Not reported | -52.8% | Q4 2024 |
| Q1 2026 | |||||
| SPY | $42.6M | 25.20% | Not reported | +0.8% | Q4 2024 |
| IGLB | $5.68M | 3.36% | Not reported | +42.6% | Q4 2024 |
| AAPL | $2.69M | 1.59% | 0.00% | -6.0% | Q4 2024 |
| AMZN | $1.81M | 1.07% | 0.00% | +0.2% | Q4 2024 |
| MSFT | $1.77M | 1.05% | 0.00% | +17.5% | Q4 2024 |
| NVDA | $1.65M | 0.97% | 0.00% | -12.9% | Q4 2024 |
| GOOGL | $1.34M | 0.79% | 0.00% | -0.6% | Q4 2024 |
| NET | $1.27M | 0.75% | Not reported | +1.8% | Q4 2024 |
| AEP | $1.15M | 0.68% | 0.00% | +4.6% | Q4 2024 |
| IBM | $1.09M | 0.65% | 0.00% | +7.3% | Q4 2024 |
| CVX | $1.06M | 0.62% | 0.00% | +2.2% | Q4 2024 |
| LNG | $1.06M | 0.62% | 0.00% | +4.4% | Q4 2024 |
| CTRA | $1.05M | 0.62% | Not reported | -3.2% | Q4 2024 |
| META | $1.04M | 0.61% | Not reported | -0.1% | Q4 2024 |
| DVN | $1.02M | 0.60% | 0.00% | +4.4% | Q4 2024 |
| FANG | $1M | 0.59% | 0.00% | +9.0% | Q4 2024 |
| TSLA | $993K | 0.59% | 0.00% | -0.6% | Q4 2024 |
| WMT | $991K | 0.59% | 0.00% | -4.6% | Q4 2024 |
| LLY | $985K | 0.58% | 0.00% | +6.7% | Q4 2024 |
| KO | $970K | 0.57% | 0.00% | +10.6% | Q4 2024 |
| TROW | $960K | 0.57% | 0.00% | +19.0% | Q4 2024 |
| BRK.B | $945K | 0.56% | Not reported | +9.7% | Q4 2024 |
 HON | $902K | 0.53% | 0.00% | +5.3% | Q4 2024 |
| MRVL | $863K | 0.51% | 0.00% | +1.3% | Q4 2024 |
| ETN | $861K | 0.51% | 0.00% | -2.8% | Q4 2024 |
| DIS | $853K | 0.50% | 0.00% | -5.6% | Q4 2024 |
| GOOG | $816K | 0.48% | Not reported | -7.5% | Q4 2024 |
| PLTR | $787K | 0.47% | 0.00% | +6.7% | Q4 2024 |
| BA | $769K | 0.45% | 0.00% | +9.8% | Q4 2024 |
| AMGN | $762K | 0.45% | 0.00% | +2.4% | Q4 2024 |
| DLR | $755K | 0.45% | 0.00% | +52.3% | Q4 2024 |
| ORCL | $723K | 0.43% | 0.00% | -1.3% | Q4 2024 |
 GEHC | $698K | 0.41% | 0.00% | -1.1% | Q4 2024 |
| BX | $676K | 0.40% | 0.00% | +12.9% | Q4 2024 |
| JPM | $542K | 0.32% | 0.00% | -28.9% | Q4 2024 |
| DKNG | $535K | 0.32% | Not reported | +1.2% | Q4 2024 |
| AVGO | $464K | 0.27% | 0.00% | -10.5% | Q4 2024 |
| RTX | $447K | 0.26% | 0.00% | +25.5% | Q3 2025 |
| CAVA | $437K | 0.26% | 0.00% | +9.0% | Q1 2025 |
| ABBV | $370K | 0.22% | 0.00% | +13.6% | Q4 2024 |
| HD | $354K | 0.21% | 0.00% | +9.5% | Q2 2025 |
| V | $288K | 0.17% | 0.00% | -15.9% | Q4 2024 |
| CSX | $275K | 0.16% | 0.00% | +15.5% | Q3 2025 |
 GLW | $268K | 0.16% | 0.00% | New | Q1 2026 |
| PEG | $243K | 0.14% | 0.00% | Not reported | Q4 2024 |
| QQQ | $242K | 0.14% | Not reported | -82.0% | Q4 2024 |
 NEE | $208K | 0.12% | 0.00% | New | Q1 2026 |
| LEO | $145K | 0.09% | Not reported | +0.5% | Q4 2024 |
| Q4 2025 | |||||
| SPY | $44.3M | 25.53% | Not reported | +10.6% | Q4 2024 |
| IGLB | $4.05M | 2.33% | Not reported | +573.1% | Q4 2024 |
| AAPL | $3.07M | 1.77% | 0.00% | -5.7% | Q4 2024 |
| NVDA | $2.02M | 1.17% | 0.00% | -10.2% | Q4 2024 |
| AMZN | $2M | 1.15% | 0.00% | -9.5% | Q4 2024 |
| MSFT | $1.97M | 1.14% | 0.00% | -6.2% | Q4 2024 |
| GOOGL | $1.47M | 0.85% | 0.00% | -11.3% | Q4 2024 |
| QQQ | $1.43M | 0.82% | Not reported | -8.8% | Q4 2024 |
 JPC | $1.25M | 0.72% | Not reported | -64.4% | Q4 2024 |
| IBM | $1.24M | 0.72% | 0.00% | -7.2% | Q4 2024 |
| TSLA | $1.21M | 0.70% | 0.00% | -3.6% | Q4 2024 |
| META | $1.2M | 0.69% | Not reported | -4.1% | Q4 2024 |
| NET | $1.19M | 0.69% | Not reported | -9.1% | Q4 2024 |
| LLY | $1.08M | 0.62% | 0.00% | -6.0% | Q4 2024 |
| DIS | $1.07M | 0.61% | 0.00% | +1.0% | Q4 2024 |
| ORCL | $971K | 0.56% | 0.00% | -12.7% | Q4 2024 |
| AEP | $966K | 0.56% | 0.00% | -2.4% | Q4 2024 |
| GOOG | $965K | 0.56% | Not reported | -2.4% | Q4 2024 |
| WMT | $932K | 0.54% | 0.00% | -0.4% | Q4 2024 |
| TROW | $916K | 0.53% | 0.00% | +6.6% | Q4 2024 |
| BRK.B | $903K | 0.52% | Not reported | +1.8% | Q4 2024 |
| PLTR | $896K | 0.52% | 0.00% | +3.7% | Q4 2024 |
| DKNG | $842K | 0.49% | Not reported | -2.5% | Q4 2024 |
| JPM | $834K | 0.48% | 0.00% | -7.8% | Q4 2024 |
| GEHC | $814K | 0.47% | 0.00% | +1.4% | Q4 2024 |
| CTRA | $812K | 0.47% | Not reported | -2.9% | Q4 2024 |
| KO | $806K | 0.46% | 0.00% | +0.2% | Q4 2024 |
| BX | $803K | 0.46% | 0.00% | +1.9% | Q4 2024 |
| ETN | $789K | 0.45% | 0.00% | -3.4% | Q4 2024 |
| BA | $764K | 0.44% | 0.00% | +0.8% | Q4 2024 |
| CVX | $761K | 0.44% | 0.00% | +1.0% | Q4 2024 |
| HON | $740K | 0.43% | 0.00% | +3.2% | Q4 2024 |
| MRVL | $731K | 0.42% | 0.00% | -5.7% | Q4 2024 |
| DVN | $712K | 0.41% | 0.00% | +0.1% | Q4 2024 |
| FANG | $698K | 0.40% | 0.00% | +0.5% | Q4 2024 |
| LNG | $693K | 0.40% | 0.00% | +1.4% | Q4 2024 |
| AMGN | $692K | 0.40% | 0.00% | -7.8% | Q4 2024 |
| DIA | $658K | 0.38% | Not reported | Not reported | Q4 2024 |
| AVGO | $580K | 0.33% | 0.00% | -21.1% | Q4 2024 |
 LMT | $492K | 0.28% | 0.00% | Not reported | Q4 2024 |
| DLR | $426K | 0.25% | 0.00% | +56.9% | Q4 2024 |
| V | $398K | 0.23% | 0.00% | +18.4% | Q4 2024 |
| ABBV | $342K | 0.20% | 0.00% | -1.8% | Q4 2024 |
| RTX | $339K | 0.20% | 0.00% | +24.2% | Q3 2025 |
| HD | $339K | 0.20% | 0.00% | +21.3% | Q2 2025 |
| CAVA | $291K | 0.17% | 0.00% | -19.8% | Q1 2025 |
| PEG | $241K | 0.14% | 0.00% | Not reported | Q4 2024 |
| CSX | $210K | 0.12% | 0.00% | Not reported | Q3 2025 |
 WSC | $199K | 0.11% | 0.01% | -38.4% | Q4 2024 |
| LEO | $145K | 0.08% | Not reported | -77.6% | Q4 2024 |
| Q3 2025 | |||||
| SPY | $39.2M | 22.49% | Not reported | +9.1% | Q4 2024 |
| JPC | $3.56M | 2.04% | Not reported | -2.8% | Q4 2024 |
| AAPL | $3.05M | 1.75% | 0.00% | -14.2% | Q4 2024 |
| MSFT | $2.25M | 1.29% | 0.00% | -4.7% | Q4 2024 |
| NVDA | $2.25M | 1.29% | 0.00% | -3.3% | Q4 2024 |
| AMZN | $2.1M | 1.21% | 0.00% | -0.2% | Q4 2024 |
| ORCL | $1.6M | 0.92% | 0.00% | +1.1% | Q4 2024 |
| QQQ | $1.53M | 0.88% | Not reported | 0.0% | Q4 2024 |
| NET | $1.43M | 0.82% | Not reported | -3.3% | Q4 2024 |
| META | $1.39M | 0.80% | Not reported | +1.5% | Q4 2024 |
| GOOGL | $1.29M | 0.74% | 0.00% | -10.3% | Q4 2024 |
| IBM | $1.28M | 0.73% | 0.00% | -7.2% | Q4 2024 |
| TSLA | $1.24M | 0.71% | 0.00% | +2.1% | Q4 2024 |
| DIS | $1.06M | 0.61% | 0.00% | -0.9% | Q4 2024 |
 JEF | $1.02M | 0.58% | 0.01% | +5.7% | Q4 2024 |
| AEP | $966K | 0.55% | 0.00% | +4.5% | Q4 2024 |
| ETN | $960K | 0.55% | 0.00% | +0.2% | Q4 2024 |
| DKNG | $937K | 0.54% | Not reported | -0.8% | Q4 2024 |
| BRK.B | $887K | 0.51% | Not reported | +4.4% | Q4 2024 |
| PLTR | $887K | 0.51% | 0.00% | +5.1% | Q4 2024 |
| JPM | $886K | 0.51% | 0.00% | -4.3% | Q4 2024 |
| BX | $873K | 0.50% | 0.00% | +2.2% | Q4 2024 |
| WMT | $865K | 0.50% | 0.00% | -6.1% | Q4 2024 |
| TROW | $862K | 0.50% | 0.00% | +14.1% | Q4 2024 |
| LNG | $826K | 0.47% | 0.00% | +3.5% | Q4 2024 |
| LLY | $814K | 0.47% | 0.00% | +0.2% | Q4 2024 |
| HON | $773K | 0.44% | 0.00% | +3.6% | Q4 2024 |
| GOOG | $768K | 0.44% | Not reported | -2.5% | Q4 2024 |
| CVX | $768K | 0.44% | 0.00% | +1.8% | Q4 2024 |
| MRVL | $766K | 0.44% | 0.00% | +4.3% | Q4 2024 |
| KO | $763K | 0.44% | 0.00% | +3.6% | Q4 2024 |
| BA | $753K | 0.43% | 0.00% | +4.1% | Q4 2024 |
| CTRA | $752K | 0.43% | Not reported | +1.2% | Q4 2024 |
| GEHC | $735K | 0.42% | 0.00% | +2.8% | Q4 2024 |
| AVGO | $701K | 0.40% | 0.00% | -8.0% | Q4 2024 |
| DVN | $681K | 0.39% | 0.00% | +2.2% | Q4 2024 |
| FANG | $662K | 0.38% | 0.00% | +3.4% | Q4 2024 |
| AMGN | $647K | 0.37% | 0.00% | -8.9% | Q4 2024 |
| LEO | $638K | 0.37% | Not reported | -14.9% | Q4 2024 |
| DIA | $635K | 0.36% | Not reported | Not reported | Q4 2024 |
| IGLB | $614K | 0.35% | Not reported | +10.9% | Q4 2024 |
| LMT | $508K | 0.29% | 0.00% | -5.6% | Q4 2024 |
| CAVA | $373K | 0.21% | 0.01% | +2.1% | Q1 2025 |
| WSC | $363K | 0.21% | 0.01% | +0.9% | Q4 2024 |
| ABBV | $353K | 0.20% | 0.00% | -13.3% | Q4 2024 |
| HD | $329K | 0.19% | 0.00% | +16.2% | Q2 2025 |
| V | $327K | 0.19% | 0.00% | -2.3% | Q4 2024 |
| DLR | $303K | 0.17% | 0.00% | +0.9% | Q4 2024 |
| PEG | $250K | 0.14% | 0.00% | Not reported | Q4 2024 |
| RTX | $249K | 0.14% | 0.00% | New | Q3 2025 |