Thames Capital Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Thames Capital Management LLC reported 28 stock positions worth $260.4 million. Its top holding was Mastercard Class A (MA) at 7.2% of the portfolio, followed by GE Vernova (GEV, 6.4%) and Dirx DLY Finacial B3X ETF-Ui (FAS, 6.2%). Compared with Q4 2024, it opened 5 new positions, sold out of 14, added to 3 and reduced 12. The biggest buy was a new position in Dirx DLY Finacial B3X ETF-Ui (FAS) and the biggest sale an exit from Argan (AGX).
- Most Recent 13F
- Q2 2026
- Location
- Roseland, NJ
- CIK
- 0001714267
- Portfolio Value
- $260.4M (Q1 2025)
- SEC Filing
- 0001714267-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 28 stocks · $260.4M
| MA Mastercard Inc. Class A | 7.24% | 34,423 | $18.9M | No change |
| GEV GE Vernova Inc. | 6.38% | 54,439 | $16.6M | Reduce -17.8% |
| FAS Dirx DLY Finacial B3X ETF-Ui | 6.20% | 102,119 | $16.1M | New |
| V Visa Inc. Class A | 6.12% | 45,489 | $15.9M | Reduce -8.1% |
| SPOT Spotify Technology SA | 5.89% | 27,881 | $15.3M | Reduce -35.0% |
| MSFT Microsoft Corp. | 5.89% | 40,843 | $15.3M | No change |
| META Meta Platforms Inc. Class A | 5.58% | 25,192 | $14.5M | Reduce -23.7% |
| CRM Salesforce Inc. | 5.34% | 51,851 | $13.9M | Add +9.7% |
| AAPL Apple Inc. | 5.27% | 61,806 | $13.7M | No change |
| GE General Electric filed as GE AEROSPACE | 4.77% | 62,061 | $12.4M | Reduce -20.3% |
| VRT Vertiv Holdings Co. Class A | 4.47% | 161,278 | $11.6M | Reduce -2.1% |
| UBER Uber Technologies Inc. | 4.42% | 157,970 | $11.5M | Reduce -13.5% |
| NVDA Nvidia Corp. | 3.77% | 90,475 | $9.8M | Reduce -33.4% |
| APH Amphenol Corp. Class A | 3.53% | 140,206 | $9.2M | No change |
| DPST Dirx DLY RGNL BNK B3X ETF-Ui | 3.32% | 99,897 | $8.6M | New |
| AMZN Amazon.com Inc. | 3.31% | 45,254 | $8.6M | Reduce -5.1% |
| TWLO Twilio Inc. Class A | 2.80% | 74,598 | $7.3M | Reduce -4.0% |
| TMO Thermo Fisher Scientific Inc. | 2.66% | 13,927 | $6.9M | No change |
| NOVT Novanta Inc. | 2.62% | 53,301 | $6.8M | No change |
| CART Maplebear Inc. | 2.48% | 161,736 | $6.5M | Add +13.1% |
| CHWY Chewy Inc. Class A | 2.04% | 163,731 | $5.3M | Add +13.9% |
| EXLS Exlservice Holdings Inc. | 1.69% | 93,276 | $4.4M | Reduce -35.1% |
| HOOD Robinhood Markets Inc. Class A | 1.26% | 78,947 | $3.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.87% | 13,656 | $2.3M | Reduce -79.6% |
| AIP Arteris Inc. | 0.78% | 293,973 | $2.0M | No change |
| UFPT Ufp Technologies Inc. | 0.62% | 7,955 | $1.6M | No change |
| SAP Sap SE-Sponsored ADR | 0.49% | 4,794 | $1.3M | New |
| FLD Fold Holdings Inc. filed as FOLD HLDGS INC | 0.19% | 78,883 | $489K | New |
Portfolio Sells Q4 2024 → Q1 2025
| AGX Argan Inc. | Sold out | 0.00% | −4.36 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −3.36 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -79.6% | 0.87% | −2.71 |
| VST Vistra Corp. | Sold out | 0.00% | −2.18 |
| STRL Sterling Infrastructure Inc. | Sold out | 0.00% | −2.04 |
| FIX Comfort Systems USA Inc. | Sold out | 0.00% | −1.86 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −1.84 |
| SMLR Semler Scientific Inc. | Sold out | 0.00% | −1.75 |
| WIX Wix.com Ltd. | Sold out | 0.00% | −1.44 |
| LMB Limbach Holdings Inc. | Sold out | 0.00% | −1.21 |
| TOST Toast Inc. Class A | Sold out | 0.00% | −1.20 |
| NVDA Nvidia Corp. | Reduce -33.4% | 3.77% | −1.18 |
| PEGA Pegasystems Inc. | Sold out | 0.00% | −0.77 |
| CARG Cargurus Inc. | Sold out | 0.00% | −0.75 |
| VRT Vertiv Holdings Co. Class A | Reduce -2.1% | 4.47% | −0.60 |
| KRNT Kornit Digital Ltd. | Sold out | 0.00% | −0.30 |
| ACA Arcosa Inc. | Sold out | 0.00% | −0.27 |
| EXLS Exlservice Holdings Inc. | Reduce -35.1% | 1.69% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -23.7% | 5.58% | +0.33 |
| AMZN Amazon.com Inc. | Reduce -5.1% | 3.31% | +0.47 |
| GEV GE Vernova Inc. | Reduce -17.8% | 6.38% | +0.48 |
| TWLO Twilio Inc. Class A | Reduce -4.0% | 2.80% | +0.53 |
| SPOT Spotify Technology SA | Reduce -35.0% | 5.89% | +0.69 |
| GE General Electric | Reduce -20.3% | 4.77% | +1.25 |
| UBER Uber Technologies Inc. | Reduce -13.5% | 4.42% | +1.43 |
| V Visa Inc. Class A | Reduce -8.1% | 6.12% | +1.88 |
Portfolio Buys Q4 2024 → Q1 2025
| FAS Dirx DLY Finacial B3X ETF-Ui | New | 6.20% | +6.20 |
| DPST Dirx DLY RGNL BNK B3X ETF-Ui | New | 3.32% | +3.32 |
| HOOD Robinhood Markets Inc. Class A | New | 1.26% | +1.26 |
| CRM Salesforce Inc. | Add +9.7% | 5.34% | +1.06 |
| CART Maplebear Inc. | Add +13.1% | 2.48% | +0.87 |
| CHWY Chewy Inc. Class A | Add +13.9% | 2.04% | +0.74 |
| SAP Sap SE-Sponsored ADR | New | 0.49% | +0.49 |
| FLD Fold Holdings Inc. | New | 0.19% | +0.19 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $1.2B | STT, GE, MU, GEV, VRT |
| Q1 2026 | 43 | $557.9M | GEV, VRT, TSM, NVDA, HUT |
| Q4 2025 | 48 | $687.8M | GEV, STT, NVDA, AXP, VRT |
| Q3 2025 | 56 | $688.8M | GEV, VRT, HUT, IREN, RKT |
| Q2 2025 | 43 | $441.4M | GEV, VRT, SPOT, MSFT, MA |
| Q1 2025 | 28 | $260.4M | MA, GEV, FAS, V, SPOT |
| Q4 2024 | 37 | $368.9M | GEV, META, SPOT, VRT, NVDA |
| Q3 2024 | 38 | $321.0M | META, MSFT, MA, GEV, VRT |
| Q2 2024 | 25 | $255.4M | MSFT, AAPL, META, MA, AMZN |
| Q1 2024 | 24 | $240.3M | MSFT, META, MA, UBER, AAPL |