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It should be under <domain>/servers/<managedserver>/logs. It will have the .out file extension.
to add to Fabio's information, the file is created only of the server life-cycle is under node-manager control.
In case the server is started as a background process using startweblogic.sh then the log file will contain the thread-dump output.
Refer to blog - http://middlewaresupport.wordpress.com/2013/01/23/thread-dump-what-when-and-how/ for different ways to capture thread dump.
Hope this helps..!