Thoma Capital Management Llc Activity Analysis: Q2 Investments & Portfolio Shifts
Thoma Capital's portfolio saw notable changes in June 2026 with additions to Energy and Technology sectors, alongside reductions in certain ETF holdings.
As of the end of the second quarter in 2026 (June 30), Thoma Capital Management Llc's portfolio held a total value of $187,524,000. The investment firm demonstrated active management during this period.
Analysis of Thoma Capital's changed holdings reveals several key movements. Notably, the investor increased their position in ISHARES TR (IGLB), a fund tracking Treasury bonds maturing between 2035 and 2047, by acquiring an additional 44,506 shares. This resulted in the ETF's allocation rising to 4.24%. Similarly, they boosted their stake in another bond-focused ETF, ISHARES TR (IGIB), adding 39,119 shares which increased its portfolio weight by a significant 6.13%.
The investment activity also included the initiation of new positions and substantial increases in specific stocks. Thoma Capital added exposure to DEVON ENERGY CORP NEW (DVN), a company in the Energy sector, allocating 0.89% of their portfolio to it this quarter. Furthermore, they established new positions with companies like AIR PRODUCTS AND CHEMICALS I (APD) and MU, among others.
In contrast, the investor reduced their allocation in several areas. The sector breakdown shows that while Technology remains a focus with additions like AMD and ORACLE CORP (ORCL), they also decreased their position in the Consumer Cyclical sector, including exits from companies such as DKNG.
Specific stock transactions highlight significant shifts. Thoma Capital sold all of their shares in BNY MELLON STRATEGIC MUNS IN (LEO), a Financial Services ETF, reducing its allocation to just 0.04%. They also significantly decreased their position in the Technology sector's XLK fund (-20.94%) and sold shares of MARVELL TECHNOLOGY INC (MRVL) which saw an overall reduction.
Overall, Thoma Capital Management Llc showed a dynamic approach to portfolio management during Q2 2026, adding value through specific stock purchases and ETF allocations while strategically reducing exposure in certain sectors. The total number of holdings remained substantial at 53 positions throughout the quarter.