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TCM
Thames Capital Management Portfolio holdings
AUM
$558M
1-Year Est. Return
236.21%
This Fund
S&P 500
This Quarter
Est. Return
-3.29%
1 Year Est. Return
+236.21%
3 Year Est. Return
+642.41%
5 Year Est. Return
+875.45%
10 Year Est. Return
–
AUM
$260M
AUM Growth
-$108M
(-29%)
Cap. Flow
-$93.4M
Cap. Flow
% of AUM
-35.86%
Top 10 Holdings %
Top 10 Hldgs %
58.68%
Holding
42
New
5
Increased
3
Reduced
12
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Direxion Daily Financial Bull 3x ETF
FAS
|
+$16.8M |
| 2 |
Direxion Daily Regional Banks Bull 3X ETF
DPST
|
+$10.9M |
| 3 |
Robinhood
HOOD
|
+$3.75M |
| 4 |
Salesforce
CRM
|
+$1.43M |
| 5 |
SAP
SAP
|
+$1.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Argan
AGX
|
+$16.1M |
| 2 |
BILL Holdings
BILL
|
+$12.4M |
| 3 |
TSMC
TSM
|
+$10.4M |
| 4 |
Spotify
SPOT
|
+$8.38M |
| 5 |
Vistra
VST
|
+$8.04M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.47% |
| 2 | Industrials | 15.62% |
| 3 | Financials | 14.82% |
| 4 | Communication Services | 11.46% |
| 5 | Consumer Discretionary | 7.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
UFP Technologies
UFPT
$2.07B
| $1.6M | 0.62% |
7,955
| – | – |
|
|
27
SAP
SAP
$219B
| $1.29M | 0.49% |
+4,794
| New | +$1.31M |
|
|
FLD
28
Fold Holdings
FLD
$23.4M
| $489K | 0.19% |
+78,883
| New | +$541K |
|
29
Arcosa
ACA
$7.14B
| – | – |
-10,374
| Closed | -$1M |
|
|
30
Argan
AGX
$8.31B
| – | – |
-117,384
| Closed | -$16.1M |
|
|
31
BILL Holdings
BILL
$4.7B
| – | – |
-146,366
| Closed | -$12.4M |
|
32
CarGurus
CARG
$3.33B
| – | – |
-76,169
| Closed | -$2.78M |
|
33
Comfort Systems
FIX
$62.3B
| – | – |
-16,155
| Closed | -$6.85M |
|
34
Kornit Digital
KRNT
$734M
| – | – |
-35,690
| Closed | -$1.1M |
|
35
Limbach Holdings
LMB
$873M
| – | – |
-52,385
| Closed | -$4.48M |
|
36
Pegasystems
PEGA
$5.16B
| – | – |
-60,900
| Closed | -$2.84M |
|
37
Construction Partners
ROAD
$6.11B
| – | – |
-76,790
| Closed | -$6.79M |
|
|
SMLR
38
DELISTED
Semler Scientific
SMLR
| – | – |
-119,722
| Closed | -$6.46M |
|
39
Sterling Infrastructure
STRL
$18.8B
| – | – |
-44,760
| Closed | -$7.54M |
|
40
Toast
TOST
$19B
| – | – |
-121,619
| Closed | -$4.43M |
|
|
41
Vistra
VST
$52.6B
| – | – |
-58,289
| Closed | -$8.04M |
|
42
WIX.com
WIX
$2.38B
| – | – |
-24,793
| Closed | -$5.32M |
|
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Thames Capital Management's Q1 2025 Portfolio in Review
As of Q1 2025, Thames Capital Management held 42 positions worth $260M, down 29% from $369M the previous quarter. Its ten largest holdings account for 59% of the portfolio.
Thames Capital Management withdrew a net $93.4M in Q1 2025, closing 14 positions and reducing 12 holdings. Its most notable exit was Argan, an estimated $16.1M position sold in full.
By sector, the portfolio is most concentrated in Technology at 37% of assets, down from 41% a quarter earlier, followed by Industrials and Financials.
Against the trend, Thames Capital Management opened a new position in Direxion Daily Financial Bull 3x ETF worth $16.1M.
- Thames Capital Management's largest Q1 2025 buy was Direxion Daily Financial Bull 3x ETF: 102,119 shares worth $16.1M.
- Thames Capital Management added most to Salesforce in Q1 2025, an estimated $1.43M increase.
- Thames Capital Management's biggest Q1 2025 reduction was TSMC, cutting an estimated $10.4M.
- Thames Capital Management fully exited Argan in Q1 2025, selling an estimated $16.1M.
- Thames Capital Management's ten largest holdings make up 59% of its $260M portfolio in Q1 2025.
- Thames Capital Management opened 5 new positions and closed 14 in Q1 2025.
- Thames Capital Management's portfolio value fell 29% quarter-over-quarter to $260M.
Based on Thames Capital Management's 13F filing for Q1 2025, filed 13 May 2025.