Background Thomist Capital is a Texas limited partnership that was formed in October 2018 for the purpose of providing discretionary portfolio management and investment advisory services to pooled investment vehicles. Thomist Capital is headquartered in Houston, Texas. Brian Kuzma, who is the sole member and the general partner of Thomist Capital, is the principal owner of the Firm (the “Principal”). Advisory Services Thomist Capital intends to provide discretionary portfolio management and investment advice to one affiliated (sponsored) private pooled investment vehicle, The Thomist Fund, LP (the “Fund”). Thomist Capital will provide its investment advisory services to the Fund pursuant to an investment management agreement between Thomist Capital and the Fund. Information about the Fund, and the particular investment objectives, strategies, restrictions, guidelines and risks associated with an investment, is described in the Fund’s governing documents, which are made available to investors only through Thomist Capital. In addition to the Fund, the Firm also offers investment advisory services to separate qualified clients on a discretionary basis (each, a “Managed Account” and collectively the “Managed Accounts”). The Fund and Managed Accounts shall be referred to herein as “Clients”. Thomist Capital’s strategy is to combine deep energy equity expertise and idea generation with the flexibility to execute trades in both the equity and commodity futures markets. Thomist Capital’s view is that energy and industrial equities price in long-term fundamentals before the commodity market reacts, creating an arbitrage opportunity in both these markets. Thomist Capital intends to maintain the Clients’ long/short equity portfolio close to market neutral and to maintain its commodity portfolio close to oil beta neutral. By straddling both the equity and commodity futures markets, Thomist Capital expects to have the opportunity to use bottoms-up research to limit exposure to the physical commodity markets. Pursuant to an investment management agreement (the “Investment Management Agreement”), Thomist Capital, LLC, the general partner of the Fund (the “General Partner”), has engaged Thomist Capital to provide discretionary asset management and other administrative services to the Clients in accordance with the Client’s

private placement memorandum, limited partnership agreement, investment management agreements and/or other similar disclosure and governing documents (collectively, the “governing documents”). Thomist Capital’s investment advisory services consist of managing the Clients portfolio of investments, including sourcing, selecting, determining investments in, and monitoring investments by the Clients and the execution of transactions on behalf of the Clients. Thomist Capital provides investment advisory services to the Clients in accordance with the investment objectives, policies, and guidelines set forth in the Clients governing documents, and is not tailored to the individualized needs or objectives of any particular investor or limited partner (“Limited Partner”). An investment in the Fund by an investor does not, in and of itself, create an advisory relationship between the investor and Thomist Capital. Investors are not permitted to impose restrictions or limitations on the management of the Fund. The General Partner may enter into side letter agreements or arrangements with one or more investors in the Fund that alter, modify, or change the terms of the interests held by such investors. ALL DISCUSSION OF THE FUND IN THIS BROCHURE, INCLUDING BUT NOT LIMITED TO ITS INVESTMENTS, THE STRATEGIES USED IN MANAGING THE FUND, AND CONFLICTS OF INTEREST FACED BY THOMIST CAPITAL IN CONNECTION WITH THE MANAGEMENT OF THE FUND ARE QUALIFIED IN THEIR ENTIRETY BY REFERENCE TO THE FUND’S GOVERNING DOCUMENTS. Wrap Fee Disclosure Thomist Capital does not participate in or sponsor any wrap fee programs. Assets Under Management As of December 31, 2023, Thomist Capital managed approximately $445,170,403.87 in discretionary assets and $0 in non-discretionary assets. The SEC has adopted a uniform method for advisers to calculate assets under management for regulatory purposes which it refers to as an adviser’s “regulatory assets under management.” Regulatory assets under management are generally an adviser’s gross assets, i.e., assets under management without deduction for outstanding indebtedness or other accrued but unpaid liabilities. Thomist Capital will report changes to its regulatory assets under management in Item 5 of Part 1 of Form ADV which you can find at www.adviserinfo.sec.gov.