THEMATICS ASSET MANAGEMENT

Filed: 11/14/2025ACC: 0001104659-25-111995

📋 What this filing means

THEMATICS ASSET MANAGEMENT filed this quarterly 13F‑HR report disclosing 125 equity positions with a total reported market value of $2.20B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

125

Positions

$2.20B

Total AUM (reported)

20.76M

Total Shares

Allocation by class

COMMON STOCK$2.19B99.6%

AMERICAN DEPOSITORY RECEIPT$8.54M0.4%

Portfolio Concentration

Top 3$251.96M11.4%

4–10$314.18M14.3%

11–25$470.31M21.3%

Rest$1.17B53.0%

Top 3 weight

11.4%

Top 10 weight

25.7%

Voting Authority Distribution

Total shares with voting rights: 20.76M

Sole

Full voting authority

20.55M

% of voting shares99.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

209.41K

% of voting shares1.0%

Investment Discretion (by position count)

Sole0

Shared0

Other125

Dominant voting typeSole · 99.0% of voting shares

Institutional Holdings125

Rows:

NVIDIA CORPORATION

DFND

Common Stock

Shares581.08K

TypeSH

Market value$108.42M

4.92%

Sole

580.12K

Shared

0.00

None

965.00

SERVICENOW INC

DFND

Common Stock

Shares79.56K

TypeSH

Market value$73.22M

3.32%

Sole

78.85K

Shared

0.00

None

707.00

SYNOPSYS INC

DFND

Common Stock

Shares142.53K

TypeSH

Market value$70.33M

3.19%

Sole

141.45K

Shared

0.00

None

1.08K

CADENCE DESIGN SYSTEM INC

DFND

Common Stock

Shares146.97K

TypeSH

Market value$51.62M

2.34%

Sole

146.97K

Shared

0.00

None

0.00

SNOWFLAKE INC

DFND

Common Stock

Shares199.26K

TypeSH

Market value$44.94M

2.04%

Sole

199.26K

Shared

0.00

None

0.00

CLEAN HARBORS INC

DFND

Common Stock

Shares192.30K

TypeSH

Market value$44.66M

2.03%

Sole

189.82K

Shared

0.00

None

2.48K

ELASTIC N V

DFND

Common Stock

Shares523.28K

TypeSH

Market value$44.21M

2.01%

Sole

517.50K

Shared

0.00

None

5.78K

ALPHABET INC

DFND

Common Stock

Shares180.82K

TypeSH

Market value$43.96M

1.99%

Sole

180.82K

Shared

0.00

None

0.00

PTC INC

DFND

Common Stock

Shares211.21K

TypeSH

Market value$42.88M

1.95%

Sole

211.21K

Shared

0.00

None

0.00

NVENT ELECTRIC PLC

DFND

Common Stock

Shares424.87K

TypeSH

Market value$41.91M

1.90%

Sole

420.45K

Shared

0.00

None

4.42K

VERTIV HOLDINGS CO

DFND

Common Stock

Shares265.88K

TypeSH

Market value$40.11M

1.82%

Sole

262K

Shared

0.00

None

3.88K

ECOLAB INC

DFND

Common Stock

Shares134.87K

TypeSH

Market value$36.94M

1.68%

Sole

133.24K

Shared

0.00

None

1.64K

INTUITIVE SURGICAL INC

DFND

Common Stock

Shares77.94K

TypeSH

Market value$34.85M

1.58%

Sole

77.94K

Shared

0.00

None

0.00

MICROSOFT CORP

DFND

Common Stock

Shares66.71K

TypeSH

Market value$34.55M

1.57%

Sole

66.71K

Shared

0.00

None

0.00

CROWDSTRIKE HLDGS INC

DFND

Common Stock

Shares66.70K

TypeSH

Market value$32.71M

1.48%

Sole

66.70K

Shared

0.00

None

0.00

MONGODB INC

DFND

Common Stock

Shares104.60K

TypeSH

Market value$32.47M

1.47%

Sole

104.60K

Shared

0.00

None

0.00

HOLOGIC INC

DFND

Common Stock

Shares466.25K

TypeSH

Market value$31.47M

1.43%

Sole

466.25K

Shared

0.00

None

0.00

THERMO FISHER SCIENTIFIC INC

DFND

Common Stock

Shares60.48K

TypeSH

Market value$29.34M

1.33%

Sole

59.79K

Shared

0.00

None

694.00

JBT MAREL CORPORATION

DFND

Common Stock

Shares208.55K

TypeSH

Market value$29.29M

1.33%

Sole

208.55K

Shared

0.00

None

0.00

MOTOROLA SOLUTIONS INC

DFND

Common Stock

Shares63.93K

TypeSH

Market value$29.23M

1.33%

Sole

62.50K

Shared

0.00

None

1.43K

STERIS PLC

DFND

Common Stock

Shares114.74K

TypeSH

Market value$28.39M

1.29%

Sole

113.25K

Shared

0.00

None

1.49K

BROADCOM INC

DFND

Common Stock

Shares85.83K

TypeSH

Market value$28.32M

1.29%

Sole

85.83K

Shared

0.00

None

0.00

ZSCALER INC

DFND

Common Stock

Shares94.10K

TypeSH

Market value$28.20M

1.28%

Sole

92K

Shared

0.00

None

2.10K

BENTLEY SYS INC

DFND

Common Stock

Shares531.48K

TypeSH

Market value$27.36M

1.24%

Sole

531.48K

Shared

0.00

None

0.00

EQUINIX INC

DFND

Common Stock

Shares34.58K

TypeSH

Market value$27.09M

1.23%

Sole

33.92K

Shared

0.00

None

662.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORPORATIONDFND	Common Stock	581.08K	SH	$108.42M 4.92%	580.12K	965.00
SERVICENOW INCDFND	Common Stock	79.56K	SH	$73.22M 3.32%	78.85K	707.00
SYNOPSYS INCDFND	Common Stock	142.53K	SH	$70.33M 3.19%	141.45K	1.08K
CADENCE DESIGN SYSTEM INCDFND	Common Stock	146.97K	SH	$51.62M 2.34%	146.97K	0.00
SNOWFLAKE INCDFND	Common Stock	199.26K	SH	$44.94M 2.04%	199.26K	0.00
CLEAN HARBORS INCDFND	Common Stock	192.30K	SH	$44.66M 2.03%	189.82K	2.48K
ELASTIC N VDFND	Common Stock	523.28K	SH	$44.21M 2.01%	517.50K	5.78K
ALPHABET INCDFND	Common Stock	180.82K	SH	$43.96M 1.99%	180.82K	0.00
PTC INCDFND	Common Stock	211.21K	SH	$42.88M 1.95%	211.21K	0.00
NVENT ELECTRIC PLCDFND	Common Stock	424.87K	SH	$41.91M 1.90%	420.45K	4.42K
VERTIV HOLDINGS CODFND	Common Stock	265.88K	SH	$40.11M 1.82%	262K	3.88K
ECOLAB INCDFND	Common Stock	134.87K	SH	$36.94M 1.68%	133.24K	1.64K
INTUITIVE SURGICAL INCDFND	Common Stock	77.94K	SH	$34.85M 1.58%	77.94K	0.00
MICROSOFT CORPDFND	Common Stock	66.71K	SH	$34.55M 1.57%	66.71K	0.00
CROWDSTRIKE HLDGS INCDFND	Common Stock	66.70K	SH	$32.71M 1.48%	66.70K	0.00
MONGODB INCDFND	Common Stock	104.60K	SH	$32.47M 1.47%	104.60K	0.00
HOLOGIC INCDFND	Common Stock	466.25K	SH	$31.47M 1.43%	466.25K	0.00
THERMO FISHER SCIENTIFIC INCDFND	Common Stock	60.48K	SH	$29.34M 1.33%	59.79K	694.00
JBT MAREL CORPORATIONDFND	Common Stock	208.55K	SH	$29.29M 1.33%	208.55K	0.00
MOTOROLA SOLUTIONS INCDFND	Common Stock	63.93K	SH	$29.23M 1.33%	62.50K	1.43K
STERIS PLCDFND	Common Stock	114.74K	SH	$28.39M 1.29%	113.25K	1.49K
BROADCOM INCDFND	Common Stock	85.83K	SH	$28.32M 1.29%	85.83K	0.00
ZSCALER INCDFND	Common Stock	94.10K	SH	$28.20M 1.28%	92K	2.10K
BENTLEY SYS INCDFND	Common Stock	531.48K	SH	$27.36M 1.24%	531.48K	0.00
EQUINIX INCDFND	Common Stock	34.58K	SH	$27.09M 1.23%	33.92K	662.00

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