Thomas E. Kelso

CAPL

DIRECTOR · CROSSAMERICA PARTNERS LP · CIK 0001964243

FILING MIX · LIFETIME100%/0%

BUYS

SELLS

TOTAL VALUE

$30.3K

COMPANIES

ACTIVE SINCE

Feb 2023

HOLDINGS NOW

9,144

AVG SELL PX

—

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

3 backtested trades · 8 horizonsHow are these numbers computed? →

Forward-return performance of every backtestable P/S trade by Thomas E. Kelso, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	3	+33.33%	-1.94%	+0.23%	-2.17%	+0.01%	—
14d	3	+33.33%	-0.68%	+0.34%	-1.01%	+0.90%	—
30d	3	+100.00%	+3.75%	+3.41%	+0.35%	+0.24%	—
60d	3	+66.67%	+0.82%	+5.29%	-4.46%	-6.30%	—
90d	3	+33.33%	-0.61%	+5.14%	-5.75%	-6.05%	—
180d	3	+66.67%	+2.62%	+10.60%	-7.98%	-10.00%	—
1y	3	+100.00%	+9.47%	+18.80%	-9.33%	-4.63%	—
2y	3	+66.67%	+11.94%	+41.41%	-29.46%	-26.02%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

CAPL · 9,144 shares · as of Jul 23, 2025

Trading cadence · quarterly flow

BUY ● SELL ●

2023

2024

2025

FLOW · 13 buys / 0 sellsCOVERAGE · 11 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED	DETAILS
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	3,419	—	—	0	Jul 23, 2025	Jul 23, 2025 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASEGRANT Stock grant	3,154	—	—	9,144	Jul 23, 2025	Jul 23, 2025 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	3,419	—	—	9,144	Jul 21, 2025	Jul 23, 2025 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	3,249	—	—	3,419	Jul 25, 2024	Jul 25, 2024 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	3,249	—	—	5,725	Jul 25, 2024	Jul 25, 2024 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASEGRANT Stock grant	3,419	—	—	1,476	Jul 23, 2024	Jul 24, 2024 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	500	$19.52	$9.8K	2,476	May 16, 2024	May 17, 2023 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	500	$21.64	$10.8K	1,976	Mar 4, 2024	Mar 5, 2024 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASEGRANT Stock grant	3,249	—	—	1,476	Jul 25, 2023	Jul 26, 2023 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	976	—	—	0	Jul 21, 2023	Jul 24, 2023 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	976	—	—	1,476	Jul 21, 2023	Jul 24, 2023 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASE	500	$19.43	$9.7K	500	May 15, 2023	May 17, 2023 ↗	View →
CAPL CROSSAMERICA PARTNERS LP	PURCHASEGRANT Stock grant	976	—	—	0	Feb 24, 2023	Feb 28, 2023 ↗	View →

Other insiders · CAPL

Loading peer insiders…

About this filer

CIK 0001964243

ROLE

Director

PRIMARY

CAPL

COMPANIES

ACTIVE SINCE

Feb 2023

MARKETPEEL · /INSIDER/0001964243DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Thomas E. Kelso

The morning brief, before the bell.