Thematics Asset Management

PARIS, I0 · CIK 1956031 · 13F filing filed 2025-11-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Others nearbyParis

$2.2bn reported value -0.9% vs Q2 2025

125positions

25.7%in top 10

4 new 42 added 56 reduced 5 sold out vs Q2 2025

This report includes the holdings of 1 other manager that shares the investment decisions:

Natixis Investment Managers SA – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q3 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	NVIDIA CORPORATION COM NVDA	NVDA	581,083	$108.4m4.92%	4.92%	Reduced -136.1k	-136,142 -19.0%
2	SERVICENOW INC COM NOW	NOW	79,558	$73.2m3.32%	3.32%	Added +6.0k	+6,034 8.2%
3	SYNOPSYS INC COM SNPS	SNPS	142,535	$70.3m3.19%	3.19%	Reduced -11.8k	-11,785 -7.6%
4	CADENCE DESIGN SYSTEM INC COM CDNS	CDNS	146,965	$51.6m2.34%	2.34%	Reduced -17.5k	-17,491 -10.6%
5	SNOWFLAKE INC CL A SNOW	SNOW	199,260	$44.9m2.04%	2.04%	Unchanged
6	CLEAN HARBORS INC COM CLH	CLH	192,300	$44.7m2.03%	2.03%	Added +1.5k	+1,463 0.8%
7	ELASTIC N V ORD SHS ESTC	ESTC	523,283	$44.2m2.01%	2.01%	Added +48.3k	+48,346 10.2%
8	ALPHABET INC CAP STK CL A GOOGL	GOOGL	180,819	$44.0m1.99%	1.99%	Reduced -34.8k	-34,788 -16.1%
9	PTC INC COM PTC	PTC	211,207	$42.9m1.95%	1.95%	Added +19.1k	+19,065 9.9%
10	NVENT ELECTRIC PLC SHS NVT	NVT	424,873	$41.9m1.90%	1.90%	Reduced -172.5k	-172,543 -28.9%
11	VERTIV HOLDINGS CO COM CL A VRT	VRT	265,879	$40.1m1.82%	1.82%	Reduced -27.6k	-27,625 -9.4%
12	ECOLAB INC COM ECL	ECL	134,873	$36.9m1.68%	1.68%	Reduced -17.9k	-17,909 -11.7%
13	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	77,935	$34.9m1.58%	1.58%	Added +5.9k	+5,916 8.2%
14	MICROSOFT CORP COM MSFT	MSFT	66,712	$34.6m1.57%	1.57%	Added +13.6k	+13,616 25.6%
15	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	66,702	$32.7m1.48%	1.48%	Added +14.6k	+14,592 28.0%
16	MONGODB INC CL A MDB	MDB	104,601	$32.5m1.47%	1.47%	Reduced -8.2k	-8,212 -7.3%
17	HOLOGIC INC COM HOLX	HOLX	466,255	$31.5m1.43%	1.43%	Added +559	+559 0.1%
18	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	60,484	$29.3m1.33%	1.33%	Added +8.6k	+8,647 16.7%
19	JOHN BEAN TECHNOLOGIES CORP COM JBTM	JBTM	208,552	$29.3m1.33%	1.33%	Unchanged
20	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	63,926	$29.2m1.33%	1.33%	Reduced -554	-554 -0.9%
21	STERIS PLC SHS USD STE	STE	114,736	$28.4m1.29%	1.29%	Added +1.5k	+1,487 1.3%
22	BROADCOM INC COM AVGO	AVGO	85,831	$28.3m1.29%	1.29%	Added +12.0k	+11,989 16.2%
23	ZSCALER INC COM ZS	ZS	94,104	$28.2m1.28%	1.28%	Reduced -7.2k	-7,243 -7.2%
24	BENTLEY SYS INC COM CL B BSY	BSY	531,483	$27.4m1.24%	1.24%	Unchanged
25	EQUINIX INC COM EQIX	EQIX	34,582	$27.1m1.23%	1.23%	Reduced -772	-772 -2.2%
26	OSI SYSTEMS INC COM OSIS	OSIS	106,411	$26.5m1.20%	1.20%	Reduced -6.2k	-6,172 -5.5%
27	ROLLINS INC COM ROL	ROL	450,005	$26.4m1.20%	1.20%	Added +3.8k	+3,754 0.8%
28	DIGITAL RLTY TR INC COM DLR	DLR	151,408	$26.2m1.19%	1.19%	Added +969	+969 0.6%
29	API GROUP CORP COM STK APG	APG	744,569	$25.6m1.16%	1.16%	Reduced -66.2k	-66,244 -8.2%
30	ADVANCED MICRO DEVICES INC COM AMD	AMD	155,867	$25.2m1.14%	1.14%	Reduced -123.8k	-123,756 -44.3%
31	VARONIS SYS INC COM VRNS	VRNS	434,697	$25.0m1.13%	1.13%	Reduced -38.2k	-38,151 -8.1%
32	DEXCOM INC COM DXCM	DXCM	362,294	$24.4m1.11%	1.11%	Added +24.6k	+24,608 7.3%
33	KLA CORP COM NEW KLAC	KLAC	21,938	$23.7m1.07%	1.07%	Reduced -9.0k	-9,026 -29.1%
34	PALO ALTO NETWORKS INC COM PANW	PANW	112,364	$22.9m1.04%	1.04%	Added +10.3k	+10,254 10.0%
35	APTIV PLC COM SHS APTV	APTV	261,454	$22.5m1.02%	1.02%	Added +94.8k	+94,782 56.9%
36	CORE & MAIN INC CL A CNM	CNM	418,000	$22.5m1.02%	1.02%	Added +54.0k	+54,000 14.8%
37	PROCEPT BIOROBOTICS CORP COM PRCT	PRCT	630,053	$22.5m1.02%	1.02%	Added +235.3k	+235,344 59.6%
38	MANHATTAN ASSOCIATES INC COM MANH	MANH	109,238	$22.4m1.02%	1.02%	Unchanged
39	WASTE CONNECTIONS INC COM WCN	WCN	118,469	$20.8m0.95%	0.95%	Added +8.0k	+8,000 7.2%
40	SPS COMM INC COM SPSC	SPSC	196,914	$20.5m0.93%	0.93%	Added +21.7k	+21,724 12.4%
41	SENTINELONE INC CL A S	S	1,158,750	$20.4m0.93%	0.93%	Added +129.2k	+129,188 12.6%
42	ADVANCED DRAIN SYS INC DEL COM WMS	WMS	145,500	$20.2m0.92%	0.92%	Reduced -5.0k	-5,000 -3.3%
43	CELLEBRITE DI LTD ORDINARY SHARES CLBT	CLBT	1,066,850	$19.8m0.90%	0.90%	Added +196.9k	+196,924 22.6%
44	WABTEC COM WAB	WAB	94,141	$18.9m0.86%	0.86%	Reduced -27.2k	-27,187 -22.4%
45	TYLER TECHNOLOGIES INC COM TYL	TYL	35,170	$18.4m0.84%	0.84%	Reduced -3.8k	-3,808 -9.8%
46	ROPER TECHNOLOGIES INC COM ROP	ROP	36,820	$18.4m0.83%	0.83%	Unchanged
47	AXON ENTERPRISE INC COM AXON	AXON	25,568	$18.3m0.83%	0.83%	Reduced -1.5k	-1,524 -5.6%
48	AUTODESK INC COM ADSK	ADSK	57,386	$18.2m0.83%	0.83%	Reduced -946	-946 -1.6%
49	DANAHER CORPORATION COM DHR	DHR	91,702	$18.2m0.83%	0.83%	Added +7.0k	+7,000 8.3%
50	MEDTRONIC PLC SHS MDT	MDT	184,899	$17.6m0.80%	0.80%	Unchanged
51	IDEX CORP COM IEX	IEX	108,154	$17.6m0.80%	0.80%	Added +11.0k	+11,000 11.3%
52	ESSENTIAL UTILS INC COM WTRG	WTRG	412,726	$16.5m0.75%	0.75%	Unchanged
53	JFROG LTD ORD SHS FROG	FROG	346,739	$16.4m0.74%	0.74%	New
54	XYLEM INC COM XYL	XYL	109,373	$16.1m0.73%	0.73%	Reduced -19.3k	-19,296 -15.0%
55	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	53,188	$15.8m0.72%	0.72%	New
56	CRYOPORT INC COM PAR $0.001 CYRX	CYRX	1,638,623	$15.5m0.70%	0.70%	Reduced -276.3k	-276,262 -14.4%
57	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	68,804	$15.5m0.70%	0.70%	Reduced -6.0k	-6,000 -8.0%
58	SHIFT4 PMTS INC CL A FOUR	FOUR	196,367	$15.2m0.69%	0.69%	Added +1.9k	+1,910 1.0%
59	LITTELFUSE INC COM LFUS	LFUS	58,303	$15.1m0.69%	0.69%	Reduced -5.2k	-5,155 -8.1%
60	MSA SAFETY INC COM MSA	MSA	86,935	$15.0m0.68%	0.68%	Reduced -13.4k	-13,365 -13.3%
61	AECOM COM ACM	ACM	112,081	$14.6m0.66%	0.66%	Reduced -6.0k	-6,000 -5.1%
62	VERALTO CORP COM SHS VLTO	VLTO	129,882	$13.8m0.63%	0.63%	Unchanged
63	SYMBOTIC INC CLASS A COM SYM	SYM	255,465	$13.8m0.62%	0.62%	Reduced -356.0k	-356,029 -58.2%
64	APPLIED INDL TECHNOLOGIES IN COM AIT	AIT	51,335	$13.4m0.61%	0.61%	Unchanged
65	PENTAIR PLC SHS PNR	PNR	119,237	$13.2m0.60%	0.60%	Unchanged
66	WASTE MGMT INC DEL COM WM	WM	59,403	$13.1m0.60%	0.60%	Unchanged
67	GENERAC HLDGS INC COM GNRC	GNRC	77,742	$13.0m0.59%	0.59%	Added +11.2k	+11,210 16.9%
68	FISERV INC COM FISV	FISV	96,135	$12.4m0.56%	0.56%	Reduced -27.7k	-27,710 -22.4%
69	FORTUNE BRANDS INNOVATIONS I COM FBIN	FBIN	230,136	$12.3m0.56%	0.56%	New
70	TRANSUNION COM TRU	TRU	144,722	$12.1m0.55%	0.55%	Added +8.6k	+8,603 6.3%
71	AMERICAN WTR WKS CO INC NEW COM AWK	AWK	85,742	$11.9m0.54%	0.54%	Unchanged
72	TETRA TECH INC NEW COM TTEK	TTEK	345,750	$11.5m0.52%	0.52%	Added +30.0k	+30,000 9.5%
73	AGILENT TECHNOLOGIES INC COM A	A	89,657	$11.5m0.52%	0.52%	Unchanged
74	SMITH A O CORP COM AOS	AOS	147,000	$10.8m0.49%	0.49%	Unchanged
75	MODINE MFG CO COM MOD	MOD	67,000	$9.5m0.43%	0.43%	Reduced -8.0k	-8,000 -10.7%
76	HEALTHEQUITY INC COM HQY	HQY	99,242	$9.4m0.43%	0.43%	Reduced -2.8k	-2,767 -2.7%
77	ZURN ELKAY WATER SOLNS CORP COM ZWS	ZWS	197,277	$9.3m0.42%	0.42%	Unchanged
78	MIDDLESEX WTR CO COM MSEX	MSEX	171,000	$9.3m0.42%	0.42%	Unchanged
79	CINTAS CORP COM CTAS	CTAS	44,997	$9.2m0.42%	0.42%	Reduced -18.5k	-18,461 -29.1%
80	ARGENX SE SPONSORED ADR ARGX	ARGX	11,576	$8.5m0.39%	0.39%	Unchanged
81	NASDAQ INC COM NDAQ	NDAQ	95,567	$8.5m0.38%	0.38%	Reduced -4.5k	-4,511 -4.5%
82	BOSTON SCIENTIFIC CORP COM BSX	BSX	83,346	$8.1m0.37%	0.37%	Added +7.3k	+7,268 9.6%
83	INTUIT COM INTU	INTU	11,327	$7.7m0.35%	0.35%	Added +1.3k	+1,265 12.6%
84	S&P GLOBAL INC COM SPGI	SPGI	15,488	$7.5m0.34%	0.34%	Reduced -735	-735 -4.5%
85	MSCI INC COM MSCI	MSCI	12,742	$7.2m0.33%	0.33%	Reduced -604	-604 -4.5%
86	RAPID7 INC COM RPD	RPD	376,738	$7.1m0.32%	0.32%	Reduced -14.2k	-14,240 -3.6%
87	HUBSPOT INC COM HUBS	HUBS	14,553	$6.8m0.31%	0.31%	Added +785	+785 5.7%
88	COSTAR GROUP INC COM CSGP	CSGP	79,915	$6.7m0.31%	0.31%	Reduced -10.9k	-10,909 -12.0%
89	ELI LILLY & CO COM LLY	LLY	8,655	$6.6m0.30%	0.30%	Unchanged
90	COSTCO WHSL CORP NEW COM COST	COST	6,978	$6.5m0.29%	0.29%	Reduced -344	-344 -4.7%
91	SJW GROUP COM HTO	HTO	132,246	$6.4m0.29%	0.29%	Added +26.0k	+26,000 24.5%
92	T-MOBILE US INC COM TMUS	TMUS	26,625	$6.4m0.29%	0.29%	Reduced -1.3k	-1,314 -4.7%
93	ADOBE INC COM ADBE	ADBE	17,899	$6.3m0.29%	0.29%	Reduced -849	-849 -4.5%
94	LABCORP HOLDINGS INC COM SHS LH	LH	21,459	$6.2m0.28%	0.28%	Added +1.4k	+1,444 7.2%
95	MASCO CORP COM MAS	MAS	83,517	$5.9m0.27%	0.27%	Reduced -29.0k	-29,000 -25.8%
96	STRYKER CORPORATION COM SYK	SYK	15,021	$5.6m0.25%	0.25%	Added +2.4k	+2,388 18.9%
97	PLANET FITNESS INC CL A PLNT	PLNT	52,483	$5.4m0.25%	0.25%	Reduced -4.0k	-4,024 -7.1%
98	BJS WHSL CLUB HLDGS INC COM BJ	BJ	57,453	$5.4m0.24%	0.24%	Added +9.3k	+9,261 19.2%
99	ALCON AG ORD SHS ALC	ALC	71,249	$5.3m0.24%	0.24%	Unchanged
100	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	12,629	$4.9m0.22%	0.22%	Added +2.0k	+2,031 19.2%

Sold out since Q2 2025

Security	Ticker	Shares held before	Value then
CYBERARK SOFTWARE LTD CYBR	CYBR	81,875	$33.3m81.9k shares
OKTA INC OKTA	OKTA	129,977	$13.0m130.0k shares
GODADDY INC GDDY	GDDY	26,474	$4.8m26.5k shares
GARTNER INC IT	IT	10,352	$4.2m10.4k shares
SOHO HOUSE & CO INC SHCO	SHCO	548,754	$4.0m548.8k shares