THAMES CAPITAL MANAGEMENT LLC

Roseland, NJ · CIK 1714267 · 13F filing filed 2025-08-11

SEC-registered investment adviser since 2018 · limited liability company

Assets managed$830.5m
Staff6 · 3 in investment roles
Main clients (by assets)Private funds 100%
Private funds1 (1 hedge) · $830.5m gross assets
Websitethamescapitalmanagement.com
Form ADV · 2026-03-27SEC adviser record

$441.4m reported value +69.5% vs Q1 2025

43positions

43.7%in top 10

21 new 4 added 3 reduced 6 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	GE VERNOVA INC COM GEV	GEV	54,439	$28.8m6.53%	6.53%	Unchanged
2	VERTIV HOLDINGS CO COM CL A VRT	VRT	178,980	$23.0m5.21%	5.21%	Added +17.7k	+17,702 11.0%
3	SPOTIFY TECHNOLOGY S A SHS SPOT	SPOT	27,881	$21.4m4.85%	4.85%	Unchanged
4	MICROSOFT CORP COM MSFT	MSFT	40,843	$20.3m4.60%	4.60%	Unchanged
5	MASTERCARD INCORPORATED CL A MA	MA	34,423	$19.3m4.38%	4.38%	Unchanged
6	META PLATFORMS INC CL A META	META	25,192	$18.6m4.21%	4.21%	Unchanged
7	VISA INC COM CL A V	V	45,489	$16.2m3.66%	3.66%	Unchanged
8	GE AEROSPACE COM NEW GE	GE	62,061	$16.0m3.62%	3.62%	Unchanged
9	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	65,127	$14.8m3.34%	3.34%	Added +51.5k	+51,471 376.9%
10	UBER TECHNOLOGIES INC COM UBER	UBER	157,970	$14.7m3.34%	3.34%	Unchanged
11	NVIDIA CORPORATION COM NVDA	NVDA	90,475	$14.3m3.24%	3.24%	Unchanged
12	AMPHENOL CORP CL A APH	APH	140,206	$13.8m3.14%	3.14%	Unchanged
13	NETFLIX INC COM NFLX	NFLX	9,963	$13.3m3.02%	3.02%	New
14	AMERICAN EXPRESS CO COM AXP	AXP	41,576	$13.3m3.00%	3.00%	New
15	SUPER MICRO COMPUTER INC COM NEW SMCI	SMCI	260,350	$12.8m2.89%	2.89%	New
16	APPLE INC COM AAPL	AAPL	61,806	$12.7m2.87%	2.87%	Unchanged
17	VISTRA CORP COM VST	VST	64,684	$12.5m2.84%	2.84%	New
18	MICRON TECHNOLOGY INC COM MU	MU	92,276	$11.4m2.58%	2.58%	New
19	LPL FINL HLDGS INC COM LPLA	LPLA	28,954	$10.9m2.46%	2.46%	New
20	ROCKET COS INC COM CL A RKT	RKT	716,902	$10.2m2.30%	2.30%	New
21	SALESFORCE INC COM CRM	CRM	32,695	$8.9m2.02%	2.02%	Reduced -19.2k	-19,156 -36.9%
22	STATE STR CORP COM STT	STT	82,216	$8.7m1.98%	1.98%	New
23	MAPLEBEAR INC COM CART	CART	192,225	$8.7m1.97%	1.97%	Added +30.5k	+30,489 18.9%
24	NOVANTA INC COM NOVT	NOVT	63,767	$8.2m1.86%	1.86%	Added +10.5k	+10,466 19.6%
25	AMAZON COM INC COM AMZN	AMZN	34,546	$7.6m1.72%	1.72%	Reduced -10.7k	-10,708 -23.7%
26	LIVE NATION ENTERTAINMENT IN COM LYV	LYV	49,972	$7.6m1.71%	1.71%	New
27	BBB FOODS INC CL A COM TBBB	TBBB	264,481	$7.3m1.66%	1.66%	New
28	CHEWY INC CL A CHWY	CHWY	163,731	$7.0m1.58%	1.58%	Unchanged
29	EVERCORE INC CLASS A EVR	EVR	21,344	$5.8m1.31%	1.31%	New
30	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	13,927	$5.6m1.28%	1.28%	Unchanged
31	NEBIUS GROUP N.V. SHS CLASS A NBIS	NBIS	97,431	$5.4m1.22%	1.22%	New
32	TERAWULF INC COM WULF	WULF	1,134,689	$5.0m1.13%	1.13%	New
33	CAMECO CORP COM CCJ	CCJ	64,183	$4.8m1.08%	1.08%	New
34	AMRIZE LTD SHS AMRZ	AMRZ	94,494	$4.7m1.06%	1.06%	New
35	TWILIO INC CL A TWLO	TWLO	35,799	$4.5m1.01%	1.01%	Reduced -38.8k	-38,799 -52.0%
36	ARM HOLDINGS PLC SPONSORED ADS ARM	ARM	25,533	$4.1m0.94%	0.94%	New
37	EXLSERVICE HOLDINGS INC COM EXLS	EXLS	93,276	$4.1m0.93%	0.93%	Unchanged
38	ARTERIS INC COM AIP	AIP	293,973	$2.8m0.63%	0.63%	Unchanged
39	QUANTUMSCAPE CORP COM CL A QS	QS	415,479	$2.8m0.63%	0.63%	New
40	ORACLE CORP COM ORCL	ORCL	12,456	$2.7m0.62%	0.62%	New
41	APPLOVIN CORP COM CL A APP	APP	7,777	$2.7m0.62%	0.62%	New
42	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	9,194	$2.7m0.61%	0.61%	New
43	SHARPLINK INC COM NEW SBET	SBET	157,748	$1.6m0.35%	0.35%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
DIREXION SHS ETF TR FAS	FAS	102,119	$16.1m102.1k shares
DIREXION SHS ETF TR DPST	DPST	99,897	$8.6m99.9k shares
ROBINHOOD MKTS INC HOOD	HOOD	78,947	$3.3m78.9k shares
UFP TECHNOLOGIES INC UFPT	UFPT	7,955	$1.6m8.0k shares
SAP SE SAP	SAP	4,794	$1.3m4.8k shares
FTAC EMERALD ACQUISITION COR FLD	FLD	78,883	$489.1k78.9k shares