Thematics Asset Management
13F Reported Value
ⓘ$2.2B
Holdings
125
Latest Filing
2025-09-30
Filing Quarter
Q3 2025
Portfolio Overview
Thematics Asset Management disclosed 125 positions worth $2.2B in its Form 13F-HR for Q3 2025, led by $NVDA (NVIDIA CORP) at 4.9% of the equity portfolio, followed by $NOW and $SNPS. During the quarter the fund opened 4 new positions and exited 5 — including a new stake in $FROG and a full exit from $CYBR. The portfolio is most concentrated in Technology (51.6% of disclosed assets). All figures are sourced directly from Thematics Asset Management’s Form 13F-HR filing with the SEC under CIK 1956031.
AI Fund Analysis
Stable
$NVDA
$NOW
$SNPS
$SNOW
$DXCM
$DHR
$CLH
$ESTC
$TMOSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q3 2025
Click any card to unlockTop Holdings
- 90.2#1
Quality
$108.4M581,083 sh - 76.0#115
Quality
$73.2M79,558 sh - 63.1#701
Quality
$70.3M142,535 sh CADENCE DESIGN SYSTEM INC
—Quality
$51.6M146,965 sh- 49.6
Quality
$44.9M199,260 sh - 56.3
Quality
$44.7M192,300 sh - —
Quality
$44.2M523,283 sh - 80.2
Quality
$44.0M180,819 sh - 69.8
Quality
$42.9M211,207 sh - —
Quality
$41.9M424,873 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
| NVIDIA CORP$NVDA | 90.2#1 | $108.4M | 581,083 |
| ServiceNow, Inc.$NOW | 76.0#115 | $73.2M | 79,558 |
| SYNOPSYS INC$SNPS | 63.1#701 | $70.3M | 142,535 |
| CADENCE DESIGN SYSTEM INC | — | $51.6M | 146,965 |
| Snowflake Inc.$SNOW | 49.6 | $44.9M | 199,260 |
| CLEAN HARBORS INC$CLH | 56.3 | $44.7M | 192,300 |
| Elastic N.V.$ESTC | — | $44.2M | 523,283 |
 Alphabet Inc.$GOOG | 80.2 | $44.0M | 180,819 |
 PTC INC.$PTC | 69.8 | $42.9M | 211,207 |
 nVent Electric plc$NVT | — | $41.9M | 424,873 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Thematics Asset Management's 125 positions.
Showing top 10 of 125 holdings.
Sector Allocation
Technology
$1.1B
Industrials
$332.5M
Healthcare
$260.7M
Utilities
$113.4M
Other
$103.6M
Consumer Discretionary
$70.8M
Materials
$61.0M
Real Estate
$53.3M
Full Holdings — Thematics Asset Management (Q3 2025)
All 125 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $NVDA | NVIDIA CORP | $108.4M | 4.9% | -19% | 90.2 |
| 2 | $NOW | ServiceNow, Inc. | $73.2M | 3.3% | +8% | 76 |
| 3 | $SNPS | SYNOPSYS INC | $70.3M | 3.2% | -8% | 63.1 |
| 4 | — | CADENCE DESIGN SYSTEM INC | $51.6M | 2.3% | -11% | — |
| 5 | $SNOW | Snowflake Inc. | $44.9M | 2.0% | +0% | 49.6 |
| 6 | $CLH | CLEAN HARBORS INC | $44.7M | 2.0% | +1% | 56.3 |
| 7 | $ESTC | Elastic N.V. | $44.2M | 2.0% | +10% | — |
| 8 | $GOOG | Alphabet Inc. | $44.0M | 2.0% | -16% | 80.2 |
| 9 | $PTC | PTC INC. | $42.9M | 1.9% | +10% | 69.8 |
| 10 | $NVT | nVent Electric plc | $41.9M | 1.9% | -29% | — |
| 11 |  $VRT | Vertiv Holdings Co | $40.1M | 1.8% | -9% | 82.7 |
| 12 |  $ECL | ECOLAB INC. | $36.9M | 1.7% | -12% | 64.3 |
| 13 |  $ISRG | INTUITIVE SURGICAL INC | $34.9M | 1.6% | +8% | 81.4 |
| 14 |  $MSFT | MICROSOFT CORP | $34.6M | 1.6% | +26% | 83.7 |
| 15 |  $CRWD | CrowdStrike Holdings, Inc. | $32.7M | 1.5% | +28% | 55 |
| 16 |  $MDB | MongoDB, Inc. | $32.5M | 1.5% | -7% | 54.6 |
| 17 |  $HOLX | HOLOGIC INC | $31.5M | 1.4% | +0% | 62.3 |
| 18 | $TMO | THERMO FISHER SCIENTIFIC INC. | $29.3M | 1.3% | +17% | 63.7 |
| 19 |  $JBTM | JBT MAREL Corp | $29.3M | 1.3% | +0% | 55.7 |
| 20 |  $MSI | Motorola Solutions, Inc. | $29.2M | 1.3% | -1% | 73.8 |
| 21 |  $STE | STERIS plc | $28.4M | 1.3% | +1% | — |
| 22 |  $AVGO | Broadcom Inc. | $28.3M | 1.3% | +16% | 86.4 |
| 23 |  $ZS | Zscaler, Inc. | $28.2M | 1.3% | -7% | 57.9 |
| 24 |  $BSY | BENTLEY SYSTEMS INC | $27.4M | 1.2% | +0% | 70.1 |
| 25 |  $EQIX | EQUINIX INC | $27.1M | 1.2% | -2% | 61.4 |
| 26 |  $OSIS | OSI SYSTEMS INC | $26.5M | 1.2% | -5% | 64.1 |
| 27 |  $ROL | ROLLINS INC | $26.4M | 1.2% | +1% | 73.2 |
| 28 |  $DLR | DIGITAL REALTY TRUST, INC. | $26.2M | 1.2% | +1% | 70.2 |
| 29 |  $APG | APi Group Corp | $25.6M | 1.2% | +38% | 61.3 |
| 30 |  $AMD | ADVANCED MICRO DEVICES INC | $25.2M | 1.1% | -44% | 78.8 |
| 31 |  $VRNS | VARONIS SYSTEMS INC | $25.0M | 1.1% | -8% | 44.5 |
| 32 | $DXCM | DEXCOM INC | $24.4M | 1.1% | +7% | 77.9 |
| 33 |  $KLAC | KLA CORP | $23.7M | 1.1% | -29% | 84.4 |
| 34 |  $PANW | Palo Alto Networks Inc | $22.9M | 1.0% | +10% | 66.5 |
| 35 |  $APTV | Aptiv PLC | $22.5M | 1.0% | +57% | — |
| 36 |  $CNM | Core & Main, Inc. | $22.5M | 1.0% | +15% | 63.4 |
| 37 |  $PRCT | PROCEPT BioRobotics Corp | $22.5M | 1.0% | +60% | 34.8 |
| 38 |  $MANH | MANHATTAN ASSOCIATES INC | $22.4M | 1.0% | +0% | 70.1 |
| 39 |  $WCN | Waste Connections, Inc. | $20.8M | 0.9% | +7% | — |
| 40 | — | SPS COMM INC | $20.5M | 0.9% | +12% | — |
| 41 |  $S | SentinelOne, Inc. | $20.4M | 0.9% | +13% | 41.4 |
| 42 |  $WMS | ADVANCED DRAINAGE SYSTEMS, INC. | $20.2M | 0.9% | -3% | 58 |
| 43 |  $CLBT | Cellebrite DI Ltd. | $19.8M | 0.9% | +23% | — |
| 44 |  $WAB | WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | $18.9M | 0.9% | -22% | 70.8 |
| 45 |  $TYL | TYLER TECHNOLOGIES INC | $18.4M | 0.8% | -10% | 69.3 |
| 46 |  $ROP | ROPER TECHNOLOGIES INC | $18.4M | 0.8% | +0% | 72.2 |
| 47 |  $AXON | AXON ENTERPRISE, INC. | $18.3M | 0.8% | -6% | 55.6 |
| 48 |  $ADSK | Autodesk, Inc. | $18.2M | 0.8% | -2% | 76.4 |
| 49 | $DHR | DANAHER CORP /DE/ | $18.2M | 0.8% | +8% | 63.9 |
| 50 |  $MDT | Medtronic plc | $17.6M | 0.8% | +0% | — |
| 51 |  $IEX | IDEX CORP /DE/ | $17.6M | 0.8% | +11% | 60.6 |
| 52 |  $WTRG | Essential Utilities, Inc. | $16.5M | 0.8% | +0% | 70.9 |
| 53 |  $FROG | JFrog Ltd | $16.4M | 0.7% | NEW | — |
| 54 |  $XYL | Xylem Inc. | $16.1M | 0.7% | -15% | 65.6 |
| 55 |  $ZBRA | ZEBRA TECHNOLOGIES CORP | $15.8M | 0.7% | NEW | 65.9 |
| 56 |  $CYRX | Cryoport, Inc. | $15.5M | 0.7% | -14% | 59.7 |
| 57 |  $FERG | Ferguson Enterprises Inc. /DE/ | $15.5M | 0.7% | -8% | 58.9 |
| 58 |  $FOUR | Shift4 Payments, Inc. | $15.2M | 0.7% | +1% | 60 |
| 59 |  $LFUS | LITTELFUSE INC /DE | $15.1M | 0.7% | -8% | 58.7 |
| 60 |  $MSA | MSA Safety Inc | $15.0M | 0.7% | -13% | 59.1 |
| 61 |  $ACM | AECOM | $14.6M | 0.7% | -5% | 58.2 |
| 62 |  $VLTO | Veralto Corp | $13.8M | 0.6% | +0% | 74.4 |
| 63 |  $SYM | Symbotic Inc. | $13.8M | 0.6% | -58% | 55.1 |
| 64 |  $AIT | APPLIED INDUSTRIAL TECHNOLOGIES INC | $13.4M | 0.6% | +0% | 64.2 |
| 65 |  $PNR | PENTAIR plc | $13.2M | 0.6% | +0% | — |
| 66 |  $WM | WASTE MANAGEMENT INC | $13.1M | 0.6% | +0% | 70.7 |
| 67 |  $GNRC | GENERAC HOLDINGS INC. | $13.0M | 0.6% | +17% | 58.2 |
| 68 |  $FISV | FISERV INC | $12.4M | 0.6% | -22% | 67.4 |
| 69 | — | FORTUNE BRANDS INNOVATIONS I | $12.3M | 0.6% | NEW | — |
| 70 |  $TRU | TransUnion | $12.1M | 0.6% | +6% | 69.1 |
| 71 |  $AWK | American Water Works Company, Inc. | $11.9M | 0.5% | +0% | 61.7 |
| 72 |  $TTEK | TETRA TECH INC | $11.5M | 0.5% | +10% | 63 |
| 73 |  $A | AGILENT TECHNOLOGIES, INC. | $11.5M | 0.5% | +0% | 64.6 |
| 74 |  $AOS | SMITH A O CORP | $10.8M | 0.5% | +0% | 66.7 |
| 75 |  $MOD | MODINE MANUFACTURING CO | $9.5M | 0.4% | -11% | 48.8 |
| 76 |  $HQY | HEALTHEQUITY, INC. | $9.4M | 0.4% | -3% | 72.3 |
| 77 |  $ZWS | Zurn Elkay Water Solutions Corp | $9.3M | 0.4% | +0% | 67.4 |
| 78 | — | MIDDLESEX WTR CO | $9.3M | 0.4% | +0% | — |
| 79 |  $CTAS | CINTAS CORP | $9.2M | 0.4% | -29% | 76.3 |
| 80 |  $ARGX | ARGENX SE | $8.5M | 0.4% | +0% | — |
| 81 |  $NDAQ | NASDAQ, INC. | $8.5M | 0.4% | -5% | 78.5 |
| 82 |  $BSX | BOSTON SCIENTIFIC CORP | $8.1M | 0.4% | +10% | 79.9 |
| 83 |  $INTU | INTUIT INC. | $7.7M | 0.3% | +13% | 82 |
| 84 |  $SPGI | S&P Global Inc. | $7.5M | 0.3% | -5% | 79.4 |
| 85 |  $MSCI | MSCI Inc. | $7.2M | 0.3% | -5% | 77.6 |
| 86 |  $RPD | Rapid7, Inc. | $7.1M | 0.3% | -4% | 52.4 |
| 87 |  $HUBS | HUBSPOT INC | $6.8M | 0.3% | +6% | 58.1 |
| 88 |  $CSGP | COSTAR GROUP, INC. | $6.7M | 0.3% | -12% | 49.5 |
| 89 |  $LLY | ELI LILLY & Co | $6.6M | 0.3% | +0% | 89.3 |
| 90 |  $COST | COSTCO WHOLESALE CORP /NEW | $6.5M | 0.3% | -5% | 67 |
| 91 |  $HTO | H2O AMERICA | $6.4M | 0.3% | +24% | 65.9 |
| 92 |  $TMUS | T-Mobile US, Inc. | $6.4M | 0.3% | -5% | 72.7 |
| 93 |  $ADBE | ADOBE INC. | $6.3M | 0.3% | -5% | 80.4 |
| 94 |  $LH | LABCORP HOLDINGS INC. | $6.2M | 0.3% | +7% | 54.8 |
| 95 |  $MAS | MASCO CORP /DE/ | $5.9M | 0.3% | -26% | 59.9 |
| 96 |  $SYK | STRYKER CORP | $5.6M | 0.3% | +19% | 69.8 |
| 97 |  $PLNT | Planet Fitness, Inc. | $5.4M | 0.3% | -7% | 69.2 |
| 98 | — | BJS WHSL CLUB HLDGS INC | $5.4M | 0.2% | +19% | — |
| 99 |  $ALC | ALCON INC | $5.3M | 0.2% | +0% | — |
| 100 |  $VRTX | VERTEX PHARMACEUTICALS INC / MA | $4.9M | 0.2% | +19% | 76.6 |
| 101 |  $NTRA | Natera, Inc. | $4.9M | 0.2% | +0% | 46.4 |
| 102 |  $ORCL | ORACLE CORP | $4.9M | 0.2% | +1% | 67.2 |
| 103 |  $MTD | METTLER TOLEDO INTERNATIONAL INC/ | $4.8M | 0.2% | -64% | 68.8 |
| 104 |  $VZ | VERIZON COMMUNICATIONS INC | $4.6M | 0.2% | -5% | 71.6 |
| 105 | — | CALIFORNIA WTR SVC GROUP | $4.6M | 0.2% | -35% | — |
| 106 |  $TTC | TORO CO | $4.6M | 0.2% | -43% | 69.5 |
| 107 |  $NFLX | NETFLIX INC | $4.6M | 0.2% | -5% | 86.7 |
| 108 |  $WIX | Wix.com Ltd. | $4.6M | 0.2% | -5% | — |
| 109 |  $DSGX | DESCARTES SYSTEMS GROUP INC | $4.5M | 0.2% | -5% | — |
| 110 |  $CVS | CVS HEALTH Corp | $4.4M | 0.2% | +0% | 51.3 |
| 111 |  $NYT | NEW YORK TIMES CO | $4.1M | 0.2% | -19% | 71.3 |
| 112 |  $MRK | Merck & Co., Inc. | $4.0M | 0.2% | +0% | 70.9 |
| 113 |  $UNIT | Uniti Group Inc. | $3.9M | 0.2% | NEW | — |
| 114 |  $EXK | ENDEAVOUR SILVER CORP | $3.9M | 0.2% | +10% | — |
| 115 |  $DIS | Walt Disney Co | $3.8M | 0.2% | -1% | 68.9 |
| 116 |  $AMZN | AMAZON COM INC | $3.8M | 0.2% | -14% | 74.6 |
| 117 |  $IQV | IQVIA HOLDINGS INC. | $3.7M | 0.2% | +27% | 59.7 |
| 118 |  $ALRM | Alarm.com Holdings, Inc. | $3.6M | 0.2% | -5% | 62.9 |
| 119 |  $GRMN | GARMIN LTD | $3.6M | 0.2% | -71% | — |
| 120 |  $TOST | Toast, Inc. | $3.5M | 0.2% | +13% | 69.5 |
| 121 |  $TEAM | Atlassian Corp | $3.5M | 0.2% | -5% | 56.8 |
| 122 |  $UNH | UNITEDHEALTH GROUP INC | $3.2M | 0.1% | -17% | 66.8 |
| 123 |  $SFM | Sprouts Farmers Market, Inc. | $3.0M | 0.1% | +20% | 73.4 |
| 124 |  $ALNY | ALNYLAM PHARMACEUTICALS, INC. | $2.8M | 0.1% | +0% | 60.9 |
| 125 |  $PGNY | Progyny, Inc. | $2.7M | 0.1% | +0% | 59 |
New Positions (4)
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