# THRC Management, LLC

> Institutional holdings reported to the SEC as of Q1 2022 on Form 13F. CIK 1834450. Source: https://holderbook.com/funds/1834450-thrc-management-llc/

- Reported value: $634.3M
- Positions: 19
- Weight of the ten largest: 95.5%
- Filed: 2022-05-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NEXTIER OILFIELD SOLUTIONS | [NEX](https://holderbook.com/stocks/NEX/) | $162.9M | 17,625,889 | 25.7% | 2 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $96.0M | 700,000 | 15.1% | 2 |
| PROPETRO HLDG CORP | [PUMP](https://holderbook.com/stocks/PUMP/) | $87.8M | 6,303,468 | 13.8% | 2 |
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $78.3M | 1,478,229 | 12.3% | 2 |
| LIBERTY ENERGY INC | [LBRT](https://holderbook.com/stocks/LBRT/) | $77.7M | 5,242,100 | 12.2% | 2 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $36.3M | 3,218,875 | 5.7% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $21.2M | 40 | 3.3% | 2 |
| U S SILICA HLDGS INC | [SLCA](https://holderbook.com/stocks/SLCA/) | $21.1M | 1,131,294 | 3.3% | 1 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $12.5M | 70,000 | 2.0% | 2 |
| TRIUMPH FINANCIAL INC | [TFIN](https://holderbook.com/stocks/TFIN/) | $12.3M | 130,439 | 1.9% | 2 |
| COMSTOCK RES INC | [CRK](https://holderbook.com/stocks/CRK/) | $9.8M | 751,100 | 1.5% | 2 |
| SELECT WATER SOLUTIONS INC | [WTTR](https://holderbook.com/stocks/WTTR/) | $9.4M | 1,096,460 | 1.5% | 2 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $3.8M | 100,000 | 0.6% | 2 |
| TEXAS CAP BANCSHARES INC | [TCBI](https://holderbook.com/stocks/TCBI/) | $2.9M | 50,974 | 0.5% | 2 |
| SMART SAND INC | [SND](https://holderbook.com/stocks/SND/) | $886.0K | 256,806 | 0.1% | 2 |
| LIBERTY ENERGY INC | [LBRT](https://holderbook.com/stocks/LBRT/) | $844.0K | 0 | 0.1% | 2 |
| NEXTIER OILFIELD SOLUTIONS | [NEX](https://holderbook.com/stocks/NEX/) | $360.0K | 0 | 0.1% | 2 |
| THIRD COAST BANCSHARES INC | [TCBX](https://holderbook.com/stocks/TCBX/) | $211.0K | 9,116 | 0.0% | 1 |
| US WELL SERVICES INC | - | $63.0K | 57,403 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2022 | +57.3% | -4.9% | +62.2% | 87% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2022 | $634.3M | 19 |
| Q4 2021 | $558.4M | 26 |