Thematics Asset Management
Last filed Nov 14, 2025
Inactive · not filing 13F
$2.2B
125
-$80.8M
25.7%
Holdings
| Company | Value | % of portfolio | % of company | POSITION CHANGE qoq % | First reported |
|---|---|---|---|---|---|
| Q3 2025 | |||||
 NVDA | $108M | 4.92% | 0.00% | -19.0% | Q4 2022 |
 NOW | $73.2M | 3.32% | 0.04% | +8.2% | Q4 2022 |
 SNPS | $70.3M | 3.19% | 0.08% | -7.6% | Q4 2022 |
 CDNS | $51.6M | 2.34% | 0.05% | -10.6% | Q4 2022 |
 SNOW | $44.9M | 2.04% | 0.06% | Not reported | Q4 2022 |
 CLH | $44.7M | 2.03% | 0.36% | +0.8% | Q4 2022 |
 ESTC | $44.2M | 2.01% | 0.49% | +10.2% | Q1 2024 |
 GOOGL | $44M | 1.99% | 0.00% | -16.1% | Q4 2022 |
 PTC | $42.9M | 1.95% | 0.18% | +9.9% | Q4 2022 |
 NVT | $41.9M | 1.90% | 0.26% | -28.9% | Q4 2022 |
 VRT | $40.1M | 1.82% | 0.07% | -9.4% | Q3 2024 |
 ECL | $36.9M | 1.68% | 0.05% | -11.7% | Q4 2022 |
 ISRG | $34.9M | 1.58% | 0.02% | +8.2% | Q4 2022 |
 MSFT | $34.6M | 1.57% | 0.00% | +25.6% | Q4 2022 |
 CRWD | $32.7M | 1.48% | 0.03% | +28.0% | Q4 2022 |
 MDB | $32.5M | 1.47% | 0.13% | -7.3% | Q1 2024 |
| HOLX | $31.5M | 1.43% | 0.21% | +0.1% | Q4 2022 |
 TMO | $29.3M | 1.33% | 0.02% | +16.7% | Q4 2022 |
 JBTM | $29.3M | 1.33% | 0.40% | Not reported | Q4 2022 |
 MSI | $29.2M | 1.33% | 0.04% | -0.9% | Q3 2023 |
 STE | $28.4M | 1.29% | 0.12% | +1.3% | Q4 2022 |
 AVGO | $28.3M | 1.29% | 0.00% | +16.2% | Q1 2025 |
 ZS | $28.2M | 1.28% | 0.06% | -7.2% | Q4 2022 |
 BSY | $27.4M | 1.24% | Not reported | Not reported | Q2 2024 |
 EQIX | $27.1M | 1.23% | 0.04% | -2.2% | Q4 2022 |
 OSIS | $26.5M | 1.20% | 0.63% | -5.5% | Q2 2023 |
 ROL | $26.4M | 1.20% | 0.09% | +0.8% | Q4 2022 |
 DLR | $26.2M | 1.19% | 0.04% | +0.6% | Q4 2022 |
 APG | $25.6M | 1.16% | 0.18% | -8.2% | Q4 2022 |
 AMD | $25.2M | 1.14% | 0.01% | -44.3% | Q4 2022 |
 VRNS | $25M | 1.13% | 0.37% | -8.1% | Q4 2022 |
 DXCM | $24.4M | 1.11% | 0.09% | +7.3% | Q4 2022 |
 KLAC | $23.7M | 1.07% | 0.02% | -29.2% | Q4 2022 |
 PANW | $22.9M | 1.04% | 0.02% | +10.0% | Q4 2022 |
 APTV | $22.5M | 1.02% | 0.12% | +56.9% | Q4 2022 |
 CNM | $22.5M | 1.02% | Not reported | +14.8% | Q4 2022 |
 PRCT | $22.5M | 1.02% | 1.13% | +59.6% | Q4 2024 |
 MANH | $22.4M | 1.02% | 0.18% | Not reported | Q4 2023 |
 WCN | $20.8M | 0.95% | 0.05% | +7.2% | Q4 2022 |
 SPSC | $20.5M | 0.93% | 0.52% | +12.4% | Q4 2022 |
 S | $20.4M | 0.93% | Not reported | +12.6% | Q3 2024 |
 WMS | $20.2M | 0.92% | 0.20% | -3.3% | Q4 2022 |
 CLBT | $19.8M | 0.90% | 0.44% | +22.6% | Q2 2025 |
 WAB | $18.9M | 0.86% | 0.06% | -22.4% | Q4 2022 |
 TYL | $18.4M | 0.84% | 0.07% | -9.8% | Q4 2022 |
 ROP | $18.4M | 0.83% | 0.03% | Not reported | Q4 2022 |
 AXON | $18.3M | 0.83% | 0.03% | -5.6% | Q4 2024 |
 ADSK | $18.2M | 0.83% | 0.03% | -1.6% | Q4 2022 |
 DHR | $18.2M | 0.83% | 0.01% | +8.3% | Q4 2022 |
 MDT | $17.6M | 0.80% | 0.01% | Not reported | Q4 2022 |
| Q2 2025 | |||||
| NVDA | $113M | 5.10% | 0.00% | -20.9% | Q4 2022 |
| SNPS | $79.1M | 3.56% | 0.10% | -0.2% | Q4 2022 |
| NOW | $75.6M | 3.40% | 0.04% | -5.9% | Q4 2022 |
| CDNS | $50.7M | 2.28% | 0.06% | -10.2% | Q4 2022 |
| SNOW | $44.6M | 2.01% | 0.06% | -32.1% | Q4 2022 |
| CLH | $44.1M | 1.98% | 0.36% | +6.0% | Q4 2022 |
| NVT | $43.8M | 1.97% | 0.37% | -14.7% | Q4 2022 |
| ECL | $41.2M | 1.85% | 0.05% | +0.7% | Q4 2022 |
| ESTC | $40.1M | 1.80% | 0.45% | +11.8% | Q1 2024 |
| AMD | $39.7M | 1.78% | 0.02% | +0.3% | Q4 2022 |
| ISRG | $39.1M | 1.76% | 0.02% | -0.9% | Q4 2022 |
| GOOGL | $38M | 1.71% | 0.00% | -10.6% | Q4 2022 |
| VRT | $37.7M | 1.70% | 0.08% | -2.2% | Q3 2024 |
| PTC | $33.1M | 1.49% | 0.16% | -6.3% | Q4 2022 |
| ZS | $31.8M | 1.43% | 0.07% | -27.7% | Q4 2022 |
| HOLX | $30.3M | 1.36% | 0.21% | -0.2% | Q4 2022 |
| DXCM | $29.5M | 1.33% | 0.09% | +7.1% | Q4 2022 |
| BSY | $28.7M | 1.29% | Not reported | Not reported | Q2 2024 |
| EQIX | $28.1M | 1.26% | 0.04% | +1.0% | Q4 2022 |
| KLAC | $27.7M | 1.25% | 0.00% | -14.9% | Q4 2022 |
| STE | $27.2M | 1.22% | 0.12% | -24.6% | Q4 2022 |
| MSI | $27.1M | 1.22% | 0.04% | +5.1% | Q3 2023 |
| CRWD | $26.5M | 1.19% | 0.02% | -50.6% | Q4 2022 |
| MSFT | $26.4M | 1.19% | 0.00% | +221.5% | Q4 2022 |
| DLR | $26.2M | 1.18% | 0.04% | -10.9% | Q4 2022 |
| WAB | $25.4M | 1.14% | 0.07% | -6.3% | Q4 2022 |
| OSIS | $25.3M | 1.14% | 0.67% | -9.8% | Q2 2023 |
| ROL | $25.2M | 1.13% | 0.09% | -4.8% | Q4 2022 |
| JBTM | $25.1M | 1.13% | 0.40% | Not reported | Q4 2022 |
| VRNS | $24M | 1.08% | 0.42% | -5.1% | Q4 2022 |
| SPSC | $23.8M | 1.07% | 0.46% | Not reported | Q4 2022 |
 SYM | $23.8M | 1.07% | 0.10% | -17.4% | Q1 2024 |
| MDB | $23.7M | 1.07% | 0.14% | Not reported | Q1 2024 |
| TYL | $23.1M | 1.04% | 0.08% | +23.6% | Q4 2022 |
| PRCT | $22.7M | 1.02% | 0.71% | +74.5% | Q4 2024 |
| AXON | $22.4M | 1.01% | 0.03% | -11.7% | Q4 2024 |
| CNM | $22M | 0.99% | Not reported | -6.4% | Q4 2022 |
| MANH | $21.6M | 0.97% | 0.18% | Not reported | Q4 2023 |
 FISV | $21.4M | 0.96% | 0.02% | +112.4% | Q4 2022 |
| TMO | $21M | 0.95% | 0.01% | +2.0% | Q4 2022 |
| PANW | $20.9M | 0.94% | 0.02% | -3.5% | Q4 2022 |
| ROP | $20.9M | 0.94% | 0.03% | Not reported | Q4 2022 |
| WCN | $20.6M | 0.93% | 0.04% | Not reported | Q4 2022 |
| AVGO | $20.4M | 0.92% | 0.00% | +91.3% | Q1 2025 |
 FOUR | $19.3M | 0.87% | 0.23% | -7.3% | Q4 2023 |
| S | $18.8M | 0.85% | Not reported | +6.5% | Q3 2024 |
| APG | $18.4M | 0.83% | 0.20% | -26.8% | Q4 2022 |
| ADSK | $18.1M | 0.81% | 0.03% | Not reported | Q4 2022 |
| WMS | $17.3M | 0.78% | 0.21% | +54.4% | Q4 2022 |
 IEX | $17.1M | 0.77% | 0.13% | +4.3% | Q4 2022 |
| Q1 2025 | |||||
| NVDA | $98.2M | 4.97% | 0.00% | -4.0% | Q4 2022 |
| SNPS | $66.3M | 3.35% | 0.10% | +9.7% | Q4 2022 |
| NOW | $62.2M | 3.15% | 0.04% | +14.6% | Q4 2022 |
| CDNS | $46.6M | 2.35% | 0.07% | +7.3% | Q4 2022 |
| SNOW | $42.9M | 2.17% | 0.09% | +4.2% | Q4 2022 |
| ECL | $38.5M | 1.95% | 0.05% | +0.3% | Q4 2022 |
| ESTC | $37.8M | 1.91% | 0.41% | +5.9% | Q1 2024 |
| GOOGL | $37.3M | 1.89% | 0.00% | -1.9% | Q4 2022 |
| CRWD | $37.2M | 1.88% | 0.22% | +4.2% | Q4 2022 |
| NVT | $36.7M | 1.86% | 0.43% | -1.2% | Q4 2022 |
| ISRG | $36M | 1.82% | 0.02% | +0.2% | Q4 2022 |
| CLH | $35.5M | 1.79% | 0.34% | +0.3% | Q4 2022 |
| STE | $34M | 1.72% | 0.15% | -20.8% | Q4 2022 |
| PTC | $31.8M | 1.61% | 0.17% | -1.2% | Q4 2022 |
| HOLX | $28.8M | 1.46% | 0.21% | -10.6% | Q4 2022 |
| AMD | $28.7M | 1.45% | 0.02% | +3.7% | Q4 2022 |
| EQIX | $28.5M | 1.44% | 0.04% | -2.5% | Q4 2022 |
| ZS | $27.8M | 1.41% | 0.09% | -13.5% | Q4 2022 |
| MSI | $26.9M | 1.36% | 0.04% | +4.0% | Q3 2023 |
| APG | $26.4M | 1.34% | 0.27% | +2.9% | Q4 2022 |
| JBTM | $25.5M | 1.29% | 0.40% | +10.7% | Q4 2022 |
| ROL | $25.3M | 1.28% | 0.10% | -10.9% | Q4 2022 |
| TMO | $25.3M | 1.28% | 0.01% | +15.9% | Q4 2022 |
| KLAC | $24.7M | 1.25% | 0.03% | -1.9% | Q4 2022 |
| OSIS | $24.3M | 1.23% | 0.74% | -15.7% | Q2 2023 |
| DLR | $24.2M | 1.22% | 0.05% | +9.6% | Q4 2022 |
| WAB | $23.5M | 1.19% | 0.08% | -2.1% | Q4 2022 |
| SPSC | $23.3M | 1.18% | 0.46% | +12.7% | Q4 2022 |
| ROP | $21.7M | 1.10% | 0.03% | -1.9% | Q4 2022 |
| VRT | $21.7M | 1.10% | 0.08% | +101.5% | Q3 2024 |
| WCN | $21.6M | 1.09% | 0.04% | Not reported | Q4 2022 |
| DXCM | $21.5M | 1.09% | 0.08% | +22.9% | Q4 2022 |
| BSY | $20.9M | 1.06% | Not reported | +12.4% | Q2 2024 |
| VRNS | $20.2M | 1.02% | 0.44% | +10.2% | Q4 2022 |
| MDB | $19.8M | 1.00% | 0.14% | -14.7% | Q1 2024 |
| MANH | $18.9M | 0.96% | 0.18% | +15.3% | Q4 2023 |
| CNM | $18.8M | 0.95% | Not reported | -15.3% | Q4 2022 |
| TYL | $18.3M | 0.93% | 0.07% | -1.9% | Q4 2022 |
| PANW | $18M | 0.91% | 0.02% | -8.0% | Q4 2022 |
| MDT | $17.8M | 0.90% | 0.02% | -15.7% | Q4 2022 |
| S | $17.6M | 0.89% | Not reported | -2.3% | Q3 2024 |
 WTRG | $17.5M | 0.89% | 0.16% | Not reported | Q4 2022 |
| FOUR | $17.1M | 0.87% | 0.25% | +2.8% | Q4 2023 |
| IEX | $16.9M | 0.85% | 0.12% | Not reported | Q4 2022 |
 MSA | $16.5M | 0.83% | 0.29% | -17.9% | Q4 2022 |
| AXON | $16.1M | 0.82% | 0.04% | +89.1% | Q4 2024 |
| DHR | $15.4M | 0.78% | 0.01% | +2.5% | Q4 2022 |
 XYL | $15.4M | 0.78% | 0.05% | -10.4% | Q4 2022 |
| ADSK | $15.3M | 0.77% | 0.03% | Not reported | Q4 2022 |
| SYM | $15M | 0.76% | 0.13% | -1.9% | Q1 2024 |
| Q4 2024 | |||||
| NVDA | $127M | 5.53% | 0.00% | -12.1% | Q4 2022 |
| NOW | $72.3M | 3.15% | 0.01% | -16.1% | Q4 2022 |
| SNPS | $68.4M | 2.99% | 0.09% | +0.1% | Q4 2022 |
| CDNS | $51.3M | 2.24% | 0.06% | +8.3% | Q4 2022 |
| NVT | $48.3M | 2.11% | 0.43% | -18.0% | Q4 2022 |
| ANSS | $47.8M | 2.09% | 0.16% | -22.1% | Q4 2022 |
| GOOGL | $46.5M | 2.03% | 0.00% | -15.2% | Q4 2022 |
| SNOW | $43.5M | 1.90% | 0.09% | -19.7% | Q4 2022 |
| CLH | $41.3M | 1.80% | 0.33% | -9.6% | Q4 2022 |
| ESTC | $39.7M | 1.73% | 0.39% | -9.7% | Q1 2024 |
| STE | $39M | 1.70% | 0.19% | -24.2% | Q4 2022 |
| PTC | $38.2M | 1.67% | 0.17% | Not reported | Q4 2022 |
| ISRG | $37.8M | 1.65% | 0.02% | -12.9% | Q4 2022 |
| HOLX | $37.6M | 1.64% | 0.23% | +0.3% | Q4 2022 |
| ECL | $35.4M | 1.55% | 0.05% | -18.8% | Q4 2022 |
| CRWD | $34.6M | 1.51% | 0.21% | Not reported | Q4 2022 |
| EQIX | $33.9M | 1.48% | 0.04% | -10.1% | Q4 2022 |
| AMD | $32.5M | 1.42% | 0.02% | Not reported | Q4 2022 |
| MDB | $30.8M | 1.34% | 0.18% | +49.9% | Q1 2024 |
| ZS | $29.2M | 1.28% | 0.11% | +10.2% | Q4 2022 |
| SPSC | $28.6M | 1.25% | 0.41% | +36.5% | Q4 2022 |
| DLR | $27.3M | 1.19% | 45.75% | -17.7% | Q4 2022 |
| MSI | $27.3M | 1.19% | 0.04% | -11.9% | Q3 2023 |
| APG | $25.8M | 1.13% | 0.26% | -12.2% | Q4 2022 |
| MANH | $25.6M | 1.12% | 0.16% | Not reported | Q4 2023 |
| WAB | $25.1M | 1.09% | 0.08% | -16.1% | Q4 2022 |
| OSIS | $24.8M | 1.08% | 0.88% | -20.9% | Q2 2023 |
| ROL | $24.4M | 1.06% | 0.11% | -6.9% | Q4 2022 |
| JBTM | $23.9M | 1.04% | 0.59% | Not reported | Q4 2022 |
| CNM | $23.4M | 1.02% | Not reported | -5.2% | Q4 2022 |
| KLAC | $23.4M | 1.02% | 0.03% | Not reported | Q4 2022 |
| TMO | $22.8M | 1.00% | 0.01% | -18.6% | Q4 2022 |
| MSA | $22.7M | 0.99% | 0.35% | -4.2% | Q4 2022 |
| BSY | $22.1M | 0.96% | Not reported | Not reported | Q2 2024 |
| S | $22M | 0.96% | Not reported | +3.1% | Q3 2024 |
| FOUR | $21.2M | 0.92% | 0.25% | -27.9% | Q4 2023 |
| PANW | $20.9M | 0.91% | 0.02% | -36.7% | Q4 2022 |
| VRNS | $20.1M | 0.88% | 0.40% | -14.7% | Q4 2022 |
| DXCM | $20M | 0.87% | 0.07% | +4.3% | Q4 2022 |
| ROP | $19.5M | 0.85% | 0.04% | Not reported | Q4 2022 |
| IEX | $19.5M | 0.85% | 0.12% | +0.5% | Q4 2022 |
| WCN | $19M | 0.83% | 0.04% | -1.8% | Q4 2022 |
| MDT | $18.8M | 0.82% | 0.02% | -28.2% | Q4 2022 |
| TYL | $18.5M | 0.81% | 0.07% | +23.9% | Q4 2022 |
 TER | $18.4M | 0.80% | 0.09% | Not reported | Q4 2022 |
 LFUS | $18.1M | 0.79% | 0.31% | -11.5% | Q4 2022 |
| SYM | $17.9M | 0.78% | 0.13% | -28.0% | Q1 2024 |
| ADSK | $17.2M | 0.75% | 0.03% | -2.2% | Q4 2022 |
| VRT | $16.9M | 0.74% | 0.04% | +4.9% | Q3 2024 |
| DHR | $16.9M | 0.74% | 0.01% | +16.2% | Q4 2022 |