THEMATICS ASSET MANAGEMENT

Filed: 8/13/2025ACC: 0001104659-25-077560

📋 What this filing means

THEMATICS ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 126 equity positions with a total reported market value of $2.22B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

126

Positions

$2.22B

Total AUM (reported)

20.66M

Total Shares

Allocation by class

COMMON STOCK$2.22B99.7%

AMERICAN DEPOSITORY RECEIPT$6.38M0.3%

Portfolio Concentration

Top 3$268.02M12.1%

4–10$304.04M13.7%

11–25$464.70M20.9%

Rest$1.19B53.4%

Top 3 weight

12.1%

Top 10 weight

25.7%

Voting Authority Distribution

Total shares with voting rights: 20.66M

Sole

Full voting authority

20.46M

% of voting shares99.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

202.56K

% of voting shares1.0%

Investment Discretion (by position count)

Sole0

Shared0

Other126

Dominant voting typeSole · 99.0% of voting shares

Institutional Holdings126

Rows:

NVIDIA CORPORATION

DFND

Common Stock

Shares717.23K

TypeSH

Market value$113.31M

5.10%

Sole

716.24K

Shared

0.00

None

985.00

SYNOPSYS INC

DFND

Common Stock

Shares154.32K

TypeSH

Market value$79.12M

3.56%

Sole

153.10K

Shared

0.00

None

1.22K

SERVICENOW INC

DFND

Common Stock

Shares73.52K

TypeSH

Market value$75.59M

3.40%

Sole

72.84K

Shared

0.00

None

680.00

CADENCE DESIGN SYSTEM INC

DFND

Common Stock

Shares164.46K

TypeSH

Market value$50.68M

2.28%

Sole

164.46K

Shared

0.00

None

0.00

SNOWFLAKE INC

DFND

Common Stock

Shares199.26K

TypeSH

Market value$44.59M

2.01%

Sole

199.26K

Shared

0.00

None

0.00

CLEAN HARBORS INC

DFND

Common Stock

Shares190.84K

TypeSH

Market value$44.12M

1.98%

Sole

188.32K

Shared

0.00

None

2.51K

NVENT ELECTRIC PLC

DFND

Common Stock

Shares597.42K

TypeSH

Market value$43.76M

1.97%

Sole

590.88K

Shared

0.00

None

6.54K

ECOLAB INC

DFND

Common Stock

Shares152.78K

TypeSH

Market value$41.17M

1.85%

Sole

150.74K

Shared

0.00

None

2.04K

ELASTIC N V

DFND

Common Stock

Shares474.94K

TypeSH

Market value$40.05M

1.80%

Sole

469.54K

Shared

0.00

None

5.40K

ADVANCED MICRO DEVICES INC

DFND

Common Stock

Shares279.62K

TypeSH

Market value$39.68M

1.78%

Sole

279.62K

Shared

0.00

None

0.00

INTUITIVE SURGICAL INC

DFND

Common Stock

Shares72.02K

TypeSH

Market value$39.14M

1.76%

Sole

72.02K

Shared

0.00

None

0.00

ALPHABET INC

DFND

Common Stock

Shares215.61K

TypeSH

Market value$38.00M

1.71%

Sole

215.61K

Shared

0.00

None

0.00

VERTIV HOLDINGS CO

DFND

Common Stock

Shares293.50K

TypeSH

Market value$37.69M

1.70%

Sole

289K

Shared

0.00

None

4.50K

CYBERARK SOFTWARE LTD

DFND

Common Stock

Shares81.88K

TypeSH

Market value$33.31M

1.50%

Sole

80K

Shared

0.00

None

1.88K

PTC INC

DFND

Common Stock

Shares192.14K

TypeSH

Market value$33.11M

1.49%

Sole

192.14K

Shared

0.00

None

0.00

ZSCALER INC

DFND

Common Stock

Shares101.35K

TypeSH

Market value$31.82M

1.43%

Sole

99K

Shared

0.00

None

2.35K

HOLOGIC INC

DFND

Common Stock

Shares465.70K

TypeSH

Market value$30.34M

1.36%

Sole

465.70K

Shared

0.00

None

0.00

DEXCOM INC

DFND

Common Stock

Shares337.69K

TypeSH

Market value$29.48M

1.33%

Sole

332.75K

Shared

0.00

None

4.94K

BENTLEY SYS INC

DFND

Common Stock

Shares531.48K

TypeSH

Market value$28.68M

1.29%

Sole

531.48K

Shared

0.00

None

0.00

EQUINIX INC

DFND

Common Stock

Shares35.35K

TypeSH

Market value$28.12M

1.26%

Sole

34.66K

Shared

0.00

None

692.00

KLA CORP

DFND

Common Stock

Shares30.96K

TypeSH

Market value$27.74M

1.25%

Sole

30.96K

Shared

0.00

None

0.00

STERIS PLC

DFND

Common Stock

Shares113.25K

TypeSH

Market value$27.20M

1.22%

Sole

111.75K

Shared

0.00

None

1.50K

MOTOROLA SOLUTIONS INC

DFND

Common Stock

Shares64.48K

TypeSH

Market value$27.11M

1.22%

Sole

63K

Shared

0.00

None

1.48K

CROWDSTRIKE HLDGS INC

DFND

Common Stock

Shares52.11K

TypeSH

Market value$26.54M

1.19%

Sole

52.11K

Shared

0.00

None

0.00

MICROSOFT CORP

DFND

Common Stock

Shares53.10K

TypeSH

Market value$26.41M

1.19%

Sole

53.10K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORPORATIONDFND	Common Stock	717.23K	SH	$113.31M 5.10%	716.24K	985.00
SYNOPSYS INCDFND	Common Stock	154.32K	SH	$79.12M 3.56%	153.10K	1.22K
SERVICENOW INCDFND	Common Stock	73.52K	SH	$75.59M 3.40%	72.84K	680.00
CADENCE DESIGN SYSTEM INCDFND	Common Stock	164.46K	SH	$50.68M 2.28%	164.46K	0.00
SNOWFLAKE INCDFND	Common Stock	199.26K	SH	$44.59M 2.01%	199.26K	0.00
CLEAN HARBORS INCDFND	Common Stock	190.84K	SH	$44.12M 1.98%	188.32K	2.51K
NVENT ELECTRIC PLCDFND	Common Stock	597.42K	SH	$43.76M 1.97%	590.88K	6.54K
ECOLAB INCDFND	Common Stock	152.78K	SH	$41.17M 1.85%	150.74K	2.04K
ELASTIC N VDFND	Common Stock	474.94K	SH	$40.05M 1.80%	469.54K	5.40K
ADVANCED MICRO DEVICES INCDFND	Common Stock	279.62K	SH	$39.68M 1.78%	279.62K	0.00
INTUITIVE SURGICAL INCDFND	Common Stock	72.02K	SH	$39.14M 1.76%	72.02K	0.00
ALPHABET INCDFND	Common Stock	215.61K	SH	$38.00M 1.71%	215.61K	0.00
VERTIV HOLDINGS CODFND	Common Stock	293.50K	SH	$37.69M 1.70%	289K	4.50K
CYBERARK SOFTWARE LTDDFND	Common Stock	81.88K	SH	$33.31M 1.50%	80K	1.88K
PTC INCDFND	Common Stock	192.14K	SH	$33.11M 1.49%	192.14K	0.00
ZSCALER INCDFND	Common Stock	101.35K	SH	$31.82M 1.43%	99K	2.35K
HOLOGIC INCDFND	Common Stock	465.70K	SH	$30.34M 1.36%	465.70K	0.00
DEXCOM INCDFND	Common Stock	337.69K	SH	$29.48M 1.33%	332.75K	4.94K
BENTLEY SYS INCDFND	Common Stock	531.48K	SH	$28.68M 1.29%	531.48K	0.00
EQUINIX INCDFND	Common Stock	35.35K	SH	$28.12M 1.26%	34.66K	692.00
KLA CORPDFND	Common Stock	30.96K	SH	$27.74M 1.25%	30.96K	0.00
STERIS PLCDFND	Common Stock	113.25K	SH	$27.20M 1.22%	111.75K	1.50K
MOTOROLA SOLUTIONS INCDFND	Common Stock	64.48K	SH	$27.11M 1.22%	63K	1.48K
CROWDSTRIKE HLDGS INCDFND	Common Stock	52.11K	SH	$26.54M 1.19%	52.11K	0.00
MICROSOFT CORPDFND	Common Stock	53.10K	SH	$26.41M 1.19%	53.10K	0.00

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