Tema ETFs LLC

Name: Tema ETFs LLC 13F holdings, Q2 2025
Creator: Tema ETFs LLC
Published: 2025-08-13

Q2 2026Q1 2026Q4 2025Q3 2025Q1 2025Q4 2024

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Tema ETFs LLC reported 165 stock positions worth $376.6 million. Its top holding was Eaton (ETN) at 2.7% of the portfolio, followed by Eli Lilly (LLY, 2.4%) and Rockwell Automation (ROK, 2.4%). Compared with Q1 2025, it opened 29 new positions, sold out of 11, added to 67 and reduced 61. The biggest buy was a new position in Eaton (ETN) and the biggest sale Vulcan Materials (VMC, shares −49%).

Most Recent 13F: Q2 2026
Location: New York, NY
CIK: 0002056807
Portfolio Value: $376.6M (Q2 2025)
SEC Filing: 0001172661-25-003219 ↗ filed Aug 13, 2025

Holdings Value

Holdings 165 stocks · $376.6M


ETN Eaton Corp. PLC	2.67%	28,145	$10.0M	New
LLY Eli Lilly & Co.	2.44%	11,784	$9.2M	Reduce -2.9%
ROK Rockwell Automation Inc.	2.42%	27,434	$9.1M	Reduce -34.9%
CGNX Cognex Corp.	2.05%	243,408	$7.7M	New
TKR Timken Co.	2.00%	104,009	$7.5M	Reduce -30.4%
APG Api Group Corp.	1.96%	144,369	$7.4M	Reduce -40.0%
AIT Applied Industrial Tech Inc.	1.94%	31,355	$7.3M	Reduce -35.1%
FAST Fastenal Co.	1.87%	167,938	$7.1M	Reduce -32.6%
PH Parker Hannifin Corp.	1.80%	9,688	$6.8M	Reduce -33.9%
SPXC SPX Technologies Inc.	1.76%	39,520	$6.6M	Reduce -35.3%
IR Ingersoll-Rand Inc.	1.75%	79,409	$6.6M	Reduce -22.3%
TEX Terex Corp.	1.66%	133,824	$6.2M	Reduce -35.2%
ATI Ati Inc.	1.62%	70,654	$6.1M	Reduce -39.2%
CRH CRH PLC	1.50%	61,346	$5.6M	New
ITRI Itron Inc.	1.47%	42,026	$5.5M	Add +34.6%
PWR Quanta Services Inc.	1.44%	14,328	$5.4M	Add +34.9%
VMC Vulcan Materials Co.	1.43%	20,681	$5.4M	Reduce -49.3%
BBIO Bridgebio Pharma Inc.	1.42%	123,587	$5.3M	Reduce -17.1%
GEV GE Vernova Inc.	1.40%	9,955	$5.3M	Reduce -1.9%
LIN Linde PLC	1.38%	11,109	$5.2M	New
HRI Herc Holdings Inc. filed as HERC HLDGS INC	1.35%	38,572	$5.1M	Reduce -35.1%
CLH Clean Harbors Inc.	1.34%	21,905	$5.1M	Reduce -46.1%
BELFB Bel Fuse Inc. Class B	1.34%	51,717	$5.1M	Add +34.6%
CAT Caterpillar Inc.	1.33%	12,950	$5.0M	Reduce -35.1%
NEE Nextera Energy Inc.	1.27%	68,672	$4.8M	Add +35.1%
ETR Entergy Corp.	1.19%	54,108	$4.5M	Add +55.1%
HUBB Hubbell Inc.	1.13%	10,452	$4.3M	Add +34.9%
OGE Oge Energy Corp.	1.12%	95,420	$4.2M	Add +34.7%
APH Amphenol Corp. Class A	1.05%	39,935	$3.9M	Add +35.1%
GILD Gilead Sciences Inc.	1.05%	35,528	$3.9M	Reduce -8.0%
VRT Vertiv Holdings Co. Class A	1.04%	30,573	$3.9M	Add +34.8%
AEP American Electric Power	1.02%	36,909	$3.8M	Add +34.8%
JCI Johnson Controls Internation	1.01%	36,107	$3.8M	New
TSM Taiwan Semiconductor-SP ADR	0.99%	16,428	$3.7M	Reduce -3.5%
AMGN Amgen Inc.	0.96%	12,977	$3.6M	Add +33.3%
VRTX Vertex Pharmaceuticals Inc.	0.95%	8,068	$3.6M	Reduce -4.5%
GE General Electric filed as GE AEROSPACE	0.95%	13,846	$3.6M	Reduce -13.1%
BMY Bristol-Myers Squibb Co.	0.94%	76,241	$3.5M	Add +1.6%
RVMD Revolution Medicines Inc.	0.92%	94,227	$3.5M	Reduce -0.4%
PNW Pinnacle West Capital	0.92%	38,709	$3.5M	Add +34.9%
V Visa Inc. Class A	0.92%	9,745	$3.5M	Add +8.5%
EMR Emerson Electric Co.	0.88%	24,788	$3.3M	Reduce -8.9%
NI Nisource Inc.	0.83%	77,817	$3.1M	Add +34.9%
MRK Merck & Co. Inc.	0.82%	38,884	$3.1M	Reduce -0.8%
BWXT BWX Technologies Inc.	0.81%	21,134	$3.0M	Add +73.4%
INTU Intuit Inc.	0.79%	3,765	$3.0M	Add +38.4%
EXEL Exelixis Inc.	0.78%	66,615	$2.9M	Reduce -6.8%
POWL Powell Industries Inc.	0.78%	13,932	$2.9M	Add +34.8%
REGN Regeneron Pharmaceuticals	0.74%	5,307	$2.8M	Add +23.4%
ATMU Atmus Filtration Technologie	0.74%	76,485	$2.8M	Reduce -50.1%
MRUS Merus NV	0.72%	51,215	$2.7M	New
GMAB Genmab A/S -SP ADR	0.71%	130,217	$2.7M	Add +26.7%
TMO Thermo Fisher Scientific Inc.	0.70%	6,473	$2.6M	Reduce -3.7%
PPL PPL Corp.	0.68%	76,070	$2.6M	Add +34.8%
XEL Xcel Energy Inc.	0.68%	37,813	$2.6M	Add +34.7%
ABBV Abbvie Inc.	0.66%	13,366	$2.5M	Reduce -1.7%
NUVL Nuvalent Inc. Class A	0.64%	31,762	$2.4M	Reduce -6.0%
ABT Abbott Laboratories	0.63%	17,443	$2.4M	Reduce -0.0%
HON Honeywell International Inc.	0.61%	9,899	$2.3M	Reduce -0.1%
SMMT Summit Therapeutics Inc.	0.60%	106,943	$2.3M	Add +9.0%
ACLX Arcellx Inc.	0.59%	33,869	$2.2M	Add +19.1%
IDA Idacorp Inc.	0.59%	19,230	$2.2M	New
ICE Intercontinental Exchange Inc.	0.57%	11,663	$2.1M	Add +7.7%
BEP Brookfield Renewable Partner	0.56%	83,130	$2.1M	New
ET Energy Transfer LP	0.56%	116,114	$2.1M	New
NVT Nvent Electric PLC	0.56%	28,657	$2.1M	New
ZLAB Zai Lab Ltd.-ADR	0.55%	58,835	$2.1M	Reduce -8.4%
LEGN Legend Biotech Corp.-ADR	0.53%	56,688	$2.0M	Add +9.0%
PFGC Performance Food Group Co.	0.53%	22,665	$2.0M	Add +35.7%
MCO Moody's Corp.	0.52%	3,867	$1.9M	Reduce -39.7%
UNH Unitedhealth Group Inc.	0.51%	6,132	$1.9M	Reduce -12.2%
CME Cme Group Inc.	0.51%	6,902	$1.9M	Add +7.8%
ONC Beone Medicines Ltd.-ADR	0.50%	7,707	$1.9M	Add +8.8%
BSX Boston Scientific Corp.	0.49%	17,309	$1.9M	Reduce -4.9%
MSCI MSCI Inc.	0.48%	3,122	$1.8M	Add +7.6%
MDT Medtronic PLC	0.48%	20,568	$1.8M	New
SPGI S&P Global Inc.	0.48%	3,398	$1.8M	Reduce -27.1%
ALNY Alnylam Pharmaceuticals Inc.	0.46%	5,301	$1.7M	Reduce -18.1%
CRNX Crinetics Pharmaceuticals Inc.	0.44%	58,101	$1.7M	Reduce -1.2%
SHW The Sherwin-Williams Co.	0.44%	4,845	$1.7M	Reduce -16.1%
LRCX Lam Research Corp.	0.42%	16,332	$1.6M	Add +6.2%
KLAC KLA Corp.	0.42%	1,757	$1.6M	Reduce -16.4%
CPRT Copart Inc.	0.40%	31,029	$1.5M	Add +3.1%
GFL GFL Environmental Inc.-Sub VT	0.40%	30,106	$1.5M	Reduce -35.2%
ARGX Argenx SE - ADR	0.40%	2,753	$1.5M	Reduce -5.8%
FICO Fair Isaac Corp.	0.40%	826	$1.5M	Reduce -27.1%
AON Aon PLC Class A	0.39%	4,156	$1.5M	New
IDYA Ideaya Biosciences Inc.	0.39%	69,694	$1.5M	Add +24.0%
DE Deere & Co.	0.35%	2,580	$1.3M	Add +7.6%
SNPS Synopsys Inc.	0.32%	2,386	$1.2M	New
FTNT Fortinet Inc.	0.32%	11,363	$1.2M	Add +117.6%
ALGN Align Technology Inc.	0.32%	6,341	$1.2M	Add +107.3%
CGON CG Oncology Inc.	0.32%	46,081	$1.2M	Add +61.0%
CNI Canadian Natl Railway Co.	0.31%	11,357	$1.2M	Add +26.3%
CP Canadian Pacific Kansas City	0.31%	14,744	$1.2M	Reduce -13.2%
JANX Janux Therapeutics Inc.	0.31%	50,065	$1.2M	Add +9.0%
LOW Lowe's Cos Inc.	0.31%	5,200	$1.2M	Reduce -2.5%
CBOE Cboe Global Markets Inc.	0.31%	4,946	$1.2M	Add +108.3%
USFD US Foods Holding Corp.	0.30%	14,893	$1.1M	Add +25.0%
PODD Insulet Corp.	0.30%	3,598	$1.1M	Reduce -13.0%
EW Edwards Lifesciences Corp.	0.30%	14,421	$1.1M	Reduce -12.8%
AEIS Advanced Energy Industries	0.30%	8,453	$1.1M	New
ON On Semiconductor	0.30%	21,258	$1.1M	New
IONS Ionis Pharmaceuticals Inc.	0.30%	28,161	$1.1M	Add +12.0%
IMNM Immunome Inc.	0.29%	115,431	$1.1M	New
WAT Waters Corp.	0.28%	3,024	$1.1M	Add +7.4%
DHR Danaher Corp.	0.27%	5,221	$1.0M	Reduce -12.5%
IDXX Idexx Laboratories Inc.	0.27%	1,918	$1.0M	Add +7.7%
ELV Elevance Health Inc.	0.27%	2,631	$1.0M	New
MCK McKesson Corp.	0.27%	1,392	$1.0M	Reduce -11.6%
MLM Martin Marietta Materials	0.27%	1,818	$998K	New
DXCM Dexcom Inc.	0.26%	11,401	$995K	Reduce -25.3%
NRIX Nurix Therapeutics Inc.	0.25%	81,112	$924K	Add +37.1%
COGT Cogent Biosciences Inc.	0.22%	117,639	$845K	Add +64.4%
CHD Church & Dwight Co. Inc.	0.22%	8,481	$815K	New
SNDX Syndax Pharmaceuticals Inc.	0.21%	86,301	$808K	Add +307.7%
DAWN Day One Biopharmaceuticals I	0.21%	124,310	$808K	Add +36.4%
ANET Arista Networks Inc.	0.21%	7,862	$804K	New
CYTK Cytokinetics Inc.	0.21%	23,996	$793K	Reduce -26.4%
ASND Ascendis Pharma A/S	0.19%	4,078	$704K	Reduce -33.2%
IMCR Immunocore Holdings PLC-ADR	0.18%	22,206	$697K	Add +43.9%
MASI Masimo Corp.	0.18%	3,949	$664K	Reduce -13.1%
ELVN Enliven Therapeutics Inc.	0.17%	32,579	$654K	Add +37.8%
ZYME Zymeworks Inc.	0.17%	51,855	$651K	Add +57.1%
HCM Hutchmed China-ADR	0.17%	42,565	$641K	New
KEYS Keysight Technologies Inc.	0.17%	3,875	$635K	New
JPM JPMorgan Chase & Co.	0.17%	2,173	$630K	New
AAPG Ascentage Pharma GR-ADR	0.16%	15,495	$610K	New
GH Guardant Health Inc.	0.16%	11,350	$591K	Add +11.7%
ICLR Icon PLC	0.15%	3,959	$576K	New
ARWR Arrowhead Pharmaceuticals Inc.	0.15%	35,359	$559K	Add +18.3%
AKRO Akero Therapeutics Inc.	0.15%	10,239	$546K	Reduce -13.1%
MDGL Madrigal Pharmaceuticals Inc.	0.14%	1,801	$545K	Reduce -20.9%
SRRK Scholar Rock Holding Corp.	0.14%	15,153	$537K	New
ARVN Arvinas Inc.	0.14%	72,114	$531K	Add +88.2%
VKTX Viking Therapeutics Inc.	0.14%	19,755	$524K	Add +2.7%
MIRM Mirum Pharmaceuticals Inc.	0.13%	9,947	$506K	Reduce -13.0%
NBIX Neurocrine Biosciences Inc.	0.13%	3,904	$491K	No change
RCUS Arcus Biosciences Inc.	0.13%	59,662	$486K	Add +291.2%
TEVA Teva Pharmaceutical-SP ADR	0.13%	28,861	$484K	No change
INSM Insmed Inc.	0.13%	4,765	$480K	Reduce -48.1%
GPCR Structure Therapeutics Inc.	0.13%	22,880	$475K	Add +1.3%
ILMN Illumina Inc.	0.12%	4,835	$461K	Add +37.6%
WST West Pharmaceutical Services	0.11%	1,977	$433K	Reduce -12.9%
BDX Becton Dickinson and Co.	0.11%	2,438	$420K	Add +8.3%
REPL Replimune Group Inc.	0.10%	40,906	$380K	Add +9.0%
SYK Stryker Corp.	0.09%	898	$355K	Add +12.5%
SDGR Schrodinger Inc.	0.09%	17,493	$352K	Add +6.3%
RLAY Relay Therapeutics Inc.	0.09%	97,150	$336K	Add +9.0%
CGEM Cullinan Therapeutics Inc.	0.09%	42,692	$321K	Add +9.0%
BIIB Biogen Inc.	0.08%	2,511	$315K	Add +0.4%
MREO Mereo Biopharma Group PL-ADR	0.07%	102,583	$278K	Reduce -84.3%
AUTL Autolus Therapeutics PLC	0.07%	120,388	$274K	Add +9.0%
NUVB Nuvation Bio Inc.	0.07%	139,648	$272K	New
ANAB Anaptysbio Inc.	0.07%	11,404	$253K	New
CPRX Catalyst Pharmaceuticals Inc.	0.07%	11,352	$246K	No change
AXSM Axsome Therapeutics Inc.	0.06%	2,327	$243K	No change
RACE Ferrari NV	0.06%	469	$230K	New
ACAD Acadia Pharmaceuticals Inc.	0.06%	10,596	$229K	No change
CELC Celcuity Inc.	0.06%	17,011	$227K	Add +8.9%
NTLA Intellia Therapeutics Inc.	0.06%	24,053	$226K	Reduce -9.4%
DNLI Denali Therapeutics Inc.	0.06%	15,174	$212K	No change
RCKT Rocket Pharmaceuticals Inc.	0.02%	32,030	$78K	Reduce -13.1%
TALK Talkspace Inc.	0.02%	27,834	$77K	No change
VYGR Voyager Therapeutics Inc.	0.01%	14,960	$47K	No change

Portfolio Sells Q1 2025 → Q2 2025


VMC Vulcan Materials Co.	Reduce -49.3%	1.43%	−1.41
AIT Applied Industrial Tech Inc.	Reduce -35.1%	1.94%	−1.32
TKR Timken Co.	Reduce -30.4%	2.00%	−1.21
WCC Wesco International Inc.	Sold out	0.00%	−1.16
CLH Clean Harbors Inc.	Reduce -46.1%	1.34%	−1.05
HRI Herc Holdings Inc.	Reduce -35.1%	1.35%	−1.04
FAST Fastenal Co.	Reduce -32.6%	1.87%	−1.01
ATMU Atmus Filtration Technologie	Reduce -50.1%	0.74%	−0.94
PH Parker Hannifin Corp.	Reduce -33.9%	1.80%	−0.86
ROK Rockwell Automation Inc.	Reduce -34.9%	2.42%	−0.83
TXNM TXNM Energy Inc.	Sold out	0.00%	−0.77
IR Ingersoll-Rand Inc.	Reduce -22.3%	1.75%	−0.69
TEX Terex Corp.	Reduce -35.2%	1.66%	−0.67
CAT Caterpillar Inc.	Reduce -35.1%	1.33%	−0.63
APG Api Group Corp.	Reduce -40.0%	1.96%	−0.61
SPXC SPX Technologies Inc.	Reduce -35.3%	1.76%	−0.59
UNH Unitedhealth Group Inc.	Reduce -12.2%	0.51%	−0.59
LLY Eli Lilly & Co.	Reduce -2.9%	2.44%	−0.56
BPMC Blueprint Medicines Corp.	Sold out	0.00%	−0.55
MCO Moody's Corp.	Reduce -39.7%	0.52%	−0.38
MREO Mereo Biopharma Group PL-ADR	Reduce -84.3%	0.07%	−0.37
TER Teradyne Inc.	Sold out	0.00%	−0.34
TMO Thermo Fisher Scientific Inc.	Reduce -3.7%	0.70%	−0.30
ADI Analog Devices Inc.	Sold out	0.00%	−0.28
VRTX Vertex Pharmaceuticals Inc.	Reduce -4.5%	0.95%	−0.27
GFL GFL Environmental Inc.-Sub VT	Reduce -35.2%	0.40%	−0.27
GILD Gilead Sciences Inc.	Reduce -8.0%	1.05%	−0.25
DCI Donaldson Co. Inc.	Sold out	0.00%	−0.24
MRK Merck & Co. Inc.	Reduce -0.8%	0.82%	−0.23
SPGI S&P Global Inc.	Reduce -27.1%	0.48%	−0.23
FICO Fair Isaac Corp.	Reduce -27.1%	0.40%	−0.22
TECH Bio-Techne Corp.	Sold out	0.00%	−0.20
ABBV Abbvie Inc.	Reduce -1.7%	0.66%	−0.19
ATI Ati Inc.	Reduce -39.2%	1.62%	−0.19
CYTK Cytokinetics Inc.	Reduce -26.4%	0.21%	−0.18
SHW The Sherwin-Williams Co.	Reduce -16.1%	0.44%	−0.16
ZLAB Zai Lab Ltd.-ADR	Reduce -8.4%	0.55%	−0.15
CRNX Crinetics Pharmaceuticals Inc.	Reduce -1.2%	0.44%	−0.15
LNTH Lantheus Holdings Inc.	Sold out	0.00%	−0.13
BBIO Bridgebio Pharma Inc.	Reduce -17.1%	1.42%	−0.12
ARGX Argenx SE - ADR	Reduce -5.8%	0.40%	−0.11
ASND Ascendis Pharma A/S	Reduce -33.2%	0.19%	−0.10
DHR Danaher Corp.	Reduce -12.5%	0.27%	−0.09
INCY Incyte Corp.	Sold out	0.00%	−0.09
INSM Insmed Inc.	Reduce -48.1%	0.13%	−0.08
MDGL Madrigal Pharmaceuticals Inc.	Reduce -20.9%	0.14%	−0.08
RVMD Revolution Medicines Inc.	Reduce -0.4%	0.92%	−0.08
NUVL Nuvalent Inc. Class A	Reduce -6.0%	0.64%	−0.07
ORIC Oric Pharmaceuticals Inc.	Sold out	0.00%	−0.07
LOW Lowe's Cos Inc.	Reduce -2.5%	0.31%	−0.07

Portfolio Buys Q1 2025 → Q2 2025


ETN Eaton Corp. PLC	New	2.67%	+2.67
CGNX Cognex Corp.	New	2.05%	+2.05
CRH CRH PLC	New	1.50%	+1.50
LIN Linde PLC	New	1.38%	+1.38
JCI Johnson Controls Internation	New	1.01%	+1.01
MRUS Merus NV	New	0.72%	+0.72
PWR Quanta Services Inc.	Add +34.9%	1.44%	+0.63
IDA Idacorp Inc.	New	0.59%	+0.59
BEP Brookfield Renewable Partner	New	0.56%	+0.56
ET Energy Transfer LP	New	0.56%	+0.56
NVT Nvent Electric PLC	New	0.56%	+0.56
VRT Vertiv Holdings Co. Class A	Add +34.8%	1.04%	+0.55
ITRI Itron Inc.	Add +34.6%	1.47%	+0.49
BELFB Bel Fuse Inc. Class B	Add +34.6%	1.34%	+0.48
MDT Medtronic PLC	New	0.48%	+0.48
APH Amphenol Corp. Class A	Add +35.1%	1.05%	+0.47
BWXT BWX Technologies Inc.	Add +73.4%	0.81%	+0.45
AON Aon PLC Class A	New	0.39%	+0.39
HUBB Hubbell Inc.	Add +34.9%	1.13%	+0.37
SNPS Synopsys Inc.	New	0.32%	+0.32
ETR Entergy Corp.	Add +55.1%	1.19%	+0.30
AEIS Advanced Energy Industries	New	0.30%	+0.30
ON On Semiconductor	New	0.30%	+0.30
INTU Intuit Inc.	Add +38.4%	0.79%	+0.29
IMNM Immunome Inc.	New	0.29%	+0.29
ELV Elevance Health Inc.	New	0.27%	+0.27
MLM Martin Marietta Materials	New	0.27%	+0.27
POWL Powell Industries Inc.	Add +34.8%	0.78%	+0.25
CHD Church & Dwight Co. Inc.	New	0.22%	+0.22
ANET Arista Networks Inc.	New	0.21%	+0.21
NEE Nextera Energy Inc.	Add +35.1%	1.27%	+0.19
ALGN Align Technology Inc.	Add +107.3%	0.32%	+0.17
HCM Hutchmed China-ADR	New	0.17%	+0.17
FTNT Fortinet Inc.	Add +117.6%	0.32%	+0.17
KEYS Keysight Technologies Inc.	New	0.17%	+0.17
JPM JPMorgan Chase & Co.	New	0.17%	+0.17
AAPG Ascentage Pharma GR-ADR	New	0.16%	+0.16
ICLR Icon PLC	New	0.15%	+0.15
OGE Oge Energy Corp.	Add +34.7%	1.12%	+0.15
CBOE Cboe Global Markets Inc.	Add +108.3%	0.31%	+0.15
NI Nisource Inc.	Add +34.9%	0.83%	+0.14
SRRK Scholar Rock Holding Corp.	New	0.14%	+0.14
SNDX Syndax Pharmaceuticals Inc.	Add +307.7%	0.21%	+0.14
PFGC Performance Food Group Co.	Add +35.7%	0.53%	+0.13
AEP American Electric Power	Add +34.8%	1.02%	+0.12
IDYA Ideaya Biosciences Inc.	Add +24.0%	0.39%	+0.11
GMAB Genmab A/S -SP ADR	Add +26.7%	0.71%	+0.11
CGON CG Oncology Inc.	Add +61.0%	0.32%	+0.11
PNW Pinnacle West Capital	Add +34.9%	0.92%	+0.10
COGT Cogent Biosciences Inc.	Add +64.4%	0.22%	+0.10

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	583	$3.1B	RKLB, ECHO, ASTS, VSAT, POWL
Q1 2026	574	$1.5B	POWL, NEE, NVDA, CAT, BELFB
Q4 2025	558	$1.3B	NVDA, POWL, AAPL, LLY, CAT
Q3 2025	512	$1.2B	NVDA, MSFT, AAPL, LLY, CAT
Q2 2025	165	$376.6M	ETN, LLY, ROK, CGNX, TKR
Q1 2025	147	$334.7M	AIT, ROK, TKR, LLY, FAST
Q4 2024	148	$240.9M	ROK, AIT, PRIM, CLH, TKR