TAM

Thematics Asset Management Portfolio holdings

AUM $2.22B

1-Year Est. Return 16.4%

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4

This Quarter Est. Return

1 Year Est. Return

+16.4%

3 Year Est. Return

5 Year Est. Return

10 Year Est. Return

AUM

$1.98B

AUM Growth

-$314M (-14%)

Cap. Flow

Cap. Flow % of AUM

Top 10 Holdings % Top 10 Hldgs %

Holding

139

New

Increased

Reduced

Closed

Top Buys

1		+$13.1M
2		+$12M
3		+$10.9M
4	ServiceNow NOW	+$7.9M
5	Axon Enterprise AXON	+$7.6M

Top Sells

1		+$47.8M
2		+$37.3M
3		+$18.4M
4	Avantor AVTR	+$15.6M
5	Global Payments GPN	+$15.1M

Sector Composition

1	Technology	46.64%
2	Industrials	22.58%
3	Healthcare	14.62%
4	Communication Services	3.09%
5	Real Estate	3.04%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal
101	HTO 101 H2O America HTO $1.76B	$5.26M	0.27%	96,246
102	102 GoDaddy GDDY $17.7B	$4.94M	0.25%	27,422 -5,945
103	103 Stryker SYK $141B	$4.81M	0.24%	12,929 +12,586
104	104 CVS Health CVS $103B	$4.53M	0.23%	66,911 -10,118
105	105 New York Times NYT $9.06B	$4.51M	0.23%	90,932 +5,439
106	106 Natera NTRA $24.8B	$4.44M	0.22%	31,426 -17,907
107	107 Merck MRK $210B	$4.4M	0.22%	49,015 -24,642
108	108 Atlassian TEAM $39.5B	$4.4M	0.22%	20,722 +1,294
109	109 Netflix NFLX $503B	$4.3M	0.22%	4,615 -713
110	110 Alarm.com ALRM $2.52B	$4.13M	0.21%	74,284 -1,688
111	111 Labcorp LH $23.6B	$4.06M	0.21%	17,443 -7,780
112	112 Sprouts Farmers Market SFM $10.9B	$4.03M	0.2%	26,410 -19,654
113	113 Gartner IT $17.9B	$3.91M	0.2%	9,309 +1,342
114	114 Vertex Pharmaceuticals VRTX $105B	$3.86M	0.2%	7,956 +7,801
115	115 WIX.com WIX $7.38B	$3.76M	0.19%	23,042 +3,489
116	116 Amazon AMZN $2.29T	$3.48M	0.18%	18,298 -1,216
117	BPMC 117 DELISTED Blueprint Medicines BPMC	$3.33M	0.17%	37,601 +36,775
118	118 Soho House & Co SHCO $1.73B	$3.01M	0.15%	487,026 -4,789
119	119 Walt Disney DIS $198B	$2.95M	0.15%	29,863 -679
120	120 IQVIA IQV $35B	$2.8M	0.14%	15,875 +15,487
121	121 Oracle ORCL $892B	$2.8M	0.14%	20,010 -7,159
122	122 Modine Manufacturing MOD $8.42B	$2.69M	0.14%	+35,000
123	123 Exact Sciences EXAS $11.6B	$2.53M	0.13%	58,406 -29,166
124	124 Toast TOST $21.8B	$2.45M	0.12%	+73,771
125	125 Progyny PGNY $1.83B	$1.8M	0.09%	80,655 -31,831