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Thematics Asset Management — 13F Holdings & Portfolio

CIK 1956031 · latest 13F-HR filed 2025-11-14

Backtest portfolio

Thematics Asset Management manages $2.20B in 13F-reported U.S. long-equity assets across 125 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are NVDA (4.92%), NOW (3.32%), SNPS (3.19%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 4 new positions and exited 5; 41 existing positions rose in reported value and 44 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.20B

Long-equity book

Holdings
125

Distinct positions

Period
2025-09-30

Filed 2025-11-14

Q/Q Activity
+4 / −5 / ↑41 / ↓44

vs 2025-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 25
NVDA4.9% · -19%NOW3.3% · +8%SNPS3.2% · -8%CDNS2.3% · -11%SNOW2.0% · 0%CLH2.0% · +1%ESTC2.0% · +10%GOOGL2.0% · -16%PTC1.9% · +10%NVT1.9% · -29%VRT1.8% · -9%ECL1.7% · -12%ISRG1.6% · +8%MSFT1.6% · +26%CRWD1.5% · +28%MDB1.5% · -7%HOLX1.4% · +0%TMO1.3% · +17%JBTM1.3% · 0%MSI1.3% · -1%STE1.3% · +1%AVGO1.3% · +16%ZS1.3% · -7%BSY1.2% · 0%EQIX1.2% · -2%OSIS1.2% · -6%ROL1.2% · +1%DLR1.2% · +1%APG1.2% · +38%AMD1.1% · -44%VRNS1.1% · -8%DXCM1.1% · +7%KLAC1.1% · -29%PANW1.0% · +10%APTV1.0% · +57%CNM1.0% · +15%PRCT1.0% · +60%MANH1.0% · 0%WCN0.9% · +7%SPSC0.9% · +12%S0.9% · +12%WMS0.9% · -3%CLBT0.9% · +23%WAB0.9% · -22%TYL0.8% · -10%ROP0.8% · 0%AXON0.8% · -6%ADSK0.8% · -2%DHR0.8% · +8%MDT0.8% · 0%IEX0.8% · +11%WTRG0.7% · 0%FROG0.7% · newXYL0.7% · -15%ZBRA0.7% · newCYRX0.7% · -14%FERG0.7% · -8%FOUR0.7% · +1%LFUS0.7% · -8%MSA0.7% · -13%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 25 → Q3 25

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

2 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 25.7%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Name Title / Status Ownership Type

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 41 →

Top Trims

Show all 44 →

New Positions

Show all 4 →

Exited Positions

Show all 5 →

Thematics Asset Management Holdings (2025-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 NVIDIA CORPORATION NVDA 67066G104 $108.4M 4.92% 581,083 SH
2 SERVICENOW INC NOW 81762P102 $73.2M 3.32% 79,558 SH
3 SYNOPSYS INC SNPS 871607107 $70.3M 3.19% 142,535 SH
4 CADENCE DESIGN SYSTEM INC CDNS 127387108 $51.6M 2.34% 146,965 SH
5 SNOWFLAKE INC SNOW 833445109 $44.9M 2.04% 199,260 SH
6 CLEAN HARBORS INC CLH 184496107 $44.7M 2.03% 192,300 SH
7 ELASTIC N V ESTC N14506104 $44.2M 2.01% 523,283 SH
8 ALPHABET INC GOOGL 02079K305 $44.0M 1.99% 180,819 SH
9 PTC INC PTC 69370C100 $42.9M 1.95% 211,207 SH
10 NVENT ELECTRIC PLC NVT G6700G107 $41.9M 1.90% 424,873 SH
11 VERTIV HOLDINGS CO VRT 92537N108 $40.1M 1.82% 265,879 SH
12 ECOLAB INC ECL 278865100 $36.9M 1.68% 134,873 SH
13 INTUITIVE SURGICAL INC ISRG 46120E602 $34.9M 1.58% 77,935 SH
14 MICROSOFT CORP MSFT 594918104 $34.6M 1.57% 66,712 SH
15 CROWDSTRIKE HLDGS INC CRWD 22788C105 $32.7M 1.48% 66,702 SH
16 MONGODB INC MDB 60937P106 $32.5M 1.47% 104,601 SH
17 HOLOGIC INC HOLX 436440101 $31.5M 1.43% 466,255 SH
18 THERMO FISHER SCIENTIFIC INC TMO 883556102 $29.3M 1.33% 60,484 SH
19 JBT MAREL CORPORATION JBTM 477839104 $29.3M 1.33% 208,552 SH
20 MOTOROLA SOLUTIONS INC MSI 620076307 $29.2M 1.33% 63,926 SH
21 STERIS PLC STE G8473T100 $28.4M 1.29% 114,736 SH
22 BROADCOM INC AVGO 11135F101 $28.3M 1.29% 85,831 SH
23 ZSCALER INC ZS 98980G102 $28.2M 1.28% 94,104 SH
24 BENTLEY SYS INC BSY 08265T208 $27.4M 1.24% 531,483 SH
25 EQUINIX INC EQIX 29444U700 $27.1M 1.23% 34,582 SH
26 OSI SYSTEMS INC OSIS 671044105 $26.5M 1.20% 106,411 SH
27 ROLLINS INC ROL 775711104 $26.4M 1.20% 450,005 SH
28 DIGITAL RLTY TR INC DLR 253868103 $26.2M 1.19% 151,408 SH
29 API GROUP CORP APG 00187Y100 $25.6M 1.16% 744,569 SH
30 ADVANCED MICRO DEVICES INC AMD 007903107 $25.2M 1.14% 155,867 SH
31 VARONIS SYS INC VRNS 922280102 $25.0M 1.13% 434,697 SH
32 DEXCOM INC DXCM 252131107 $24.4M 1.11% 362,294 SH
33 KLA CORP KLAC 482480100 $23.7M 1.07% 21,938 SH
34 PALO ALTO NETWORKS INC PANW 697435105 $22.9M 1.04% 112,364 SH
35 APTIV PLC APTV G3265R107 $22.5M 1.02% 261,454 SH
36 CORE & MAIN INC CNM 21874C102 $22.5M 1.02% 418,000 SH
37 PROCEPT BIOROBOTICS CORP PRCT 74276L105 $22.5M 1.02% 630,053 SH
38 MANHATTAN ASSOCIATES INC MANH 562750109 $22.4M 1.02% 109,238 SH
39 WASTE CONNECTIONS INC WCN 94106B101 $20.8M 0.95% 118,469 SH
40 SPS COMM INC SPSC 78463M107 $20.5M 0.93% 196,914 SH
41 SENTINELONE INC S 81730H109 $20.4M 0.93% 1,158,750 SH
42 ADVANCED DRAIN SYS INC DEL WMS 00790R104 $20.2M 0.92% 145,500 SH
43 CELLEBRITE DI LTD CLBT M2197Q107 $19.8M 0.90% 1,066,850 SH
44 WABTEC WAB 929740108 $18.9M 0.86% 94,141 SH
45 TYLER TECHNOLOGIES INC TYL 902252105 $18.4M 0.84% 35,170 SH
46 ROPER TECHNOLOGIES INC ROP 776696106 $18.4M 0.83% 36,820 SH
47 AXON ENTERPRISE INC AXON 05464C101 $18.3M 0.83% 25,568 SH
48 AUTODESK INC ADSK 052769106 $18.2M 0.83% 57,386 SH
49 DANAHER CORPORATION DHR 235851102 $18.2M 0.83% 91,702 SH
50 MEDTRONIC PLC MDT G5960L103 $17.6M 0.80% 184,899 SH
Filing History
Period Filed AUM Holdings Accession
2025-09-30 2025-11-14 $2.20B 125 0001104659-25-111995
2025-06-30 2025-08-13 $2.22B 126 0001104659-25-077560