Thames Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), Thames Capital Management LLC reported 43 stock positions worth $441.4 million. Its top holding was GE Vernova (GEV) at 6.5% of the portfolio, followed by Vertiv Class A (VRT, 5.2%) and Spotify Technology (SPOT, 4.8%). Compared with Q1 2025, it opened 21 new positions, sold out of 6, added to 4 and reduced 3. The biggest buy was a new position in Netflix (NFLX) and the biggest sale an exit from Dirx DLY Finacial B3X ETF-Ui (FAS).
- Most Recent 13F
- Q2 2026
- Location
- Roseland, NJ
- CIK
- 0001714267
- Portfolio Value
- $441.4M (Q2 2025)
- SEC Filing
- 0001714267-25-000006 ↗ filed Aug 11, 2025
Holdings Value
Holdings 43 stocks · $441.4M
| GEV GE Vernova Inc. | 6.53% | 54,439 | $28.8M | No change |
| VRT Vertiv Holdings Co. Class A | 5.21% | 178,980 | $23.0M | Add +11.0% |
| SPOT Spotify Technology SA | 4.85% | 27,881 | $21.4M | No change |
| MSFT Microsoft Corp. | 4.60% | 40,843 | $20.3M | No change |
| MA Mastercard Inc. Class A | 4.38% | 34,423 | $19.3M | No change |
| META Meta Platforms Inc. Class A | 4.21% | 25,192 | $18.6M | No change |
| V Visa Inc. Class A | 3.66% | 45,489 | $16.2M | No change |
| GE General Electric filed as GE AEROSPACE | 3.62% | 62,061 | $16.0M | No change |
| TSM Taiwan Semiconductor-SP ADR | 3.34% | 65,127 | $14.8M | Add +376.9% |
| UBER Uber Technologies Inc. | 3.34% | 157,970 | $14.7M | No change |
| NVDA Nvidia Corp. | 3.24% | 90,475 | $14.3M | No change |
| APH Amphenol Corp. Class A | 3.14% | 140,206 | $13.8M | No change |
| NFLX Netflix Inc. | 3.02% | 9,963 | $13.3M | New |
| AXP American Express Co. | 3.00% | 41,576 | $13.3M | New |
| SMCI Super Micro Computer Inc. | 2.89% | 260,350 | $12.8M | New |
| AAPL Apple Inc. | 2.87% | 61,806 | $12.7M | No change |
| VST Vistra Corp. | 2.84% | 64,684 | $12.5M | New |
| MU Micron Technology Inc. | 2.58% | 92,276 | $11.4M | New |
| LPLA LPL Financial Holdings Inc. | 2.46% | 28,954 | $10.9M | New |
| RKT Rocket Cos Inc. Class A | 2.30% | 716,902 | $10.2M | New |
| CRM Salesforce Inc. | 2.02% | 32,695 | $8.9M | Reduce -36.9% |
| STT State Street Corp. | 1.98% | 82,216 | $8.7M | New |
| CART Maplebear Inc. | 1.97% | 192,225 | $8.7M | Add +18.9% |
| NOVT Novanta Inc. | 1.86% | 63,767 | $8.2M | Add +19.6% |
| AMZN Amazon.com Inc. | 1.72% | 34,546 | $7.6M | Reduce -23.7% |
| LYV Live Nation Entertainment Inc. | 1.71% | 49,972 | $7.6M | New |
| TBBB BBB Foods Inc. Class A | 1.66% | 264,481 | $7.3M | New |
| CHWY Chewy Inc. Class A | 1.58% | 163,731 | $7.0M | No change |
| EVR Evercore Inc. Class A | 1.31% | 21,344 | $5.8M | New |
| TMO Thermo Fisher Scientific Inc. | 1.28% | 13,927 | $5.6M | No change |
| NBIS Nebius Group NV | 1.22% | 97,431 | $5.4M | New |
| WULF Terawulf Inc. | 1.13% | 1,134,689 | $5.0M | New |
| CCJ Cameco Corp. | 1.08% | 64,183 | $4.8M | New |
| AMRZ Amrize Ltd. | 1.06% | 94,494 | $4.7M | New |
| TWLO Twilio Inc. Class A | 1.01% | 35,799 | $4.5M | Reduce -52.0% |
| ARM Arm Holdings PLC-ADR | 0.94% | 25,533 | $4.1M | New |
| EXLS Exlservice Holdings Inc. | 0.93% | 93,276 | $4.1M | No change |
| AIP Arteris Inc. | 0.63% | 293,973 | $2.8M | No change |
| QS Quantumscape Corp. | 0.63% | 415,479 | $2.8M | New |
| ORCL Oracle Corp. | 0.62% | 12,456 | $2.7M | New |
| APP AppLovin Corp. Class A | 0.62% | 7,777 | $2.7M | New |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 9,194 | $2.7M | New |
| SBET Sharplink Inc. | 0.35% | 157,748 | $1.6M | New |
Portfolio Sells Q1 2025 → Q2 2025
| FAS Dirx DLY Finacial B3X ETF-Ui | Sold out | 0.00% | −6.20 |
| CRM Salesforce Inc. | Reduce -36.9% | 2.02% | −3.32 |
| DPST Dirx DLY RGNL BNK B3X ETF-Ui | Sold out | 0.00% | −3.32 |
| TWLO Twilio Inc. Class A | Reduce -52.0% | 1.01% | −1.80 |
| AMZN Amazon.com Inc. | Reduce -23.7% | 1.72% | −1.59 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −1.26 |
| UFPT Ufp Technologies Inc. | Sold out | 0.00% | −0.62 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.49 |
| FLD Fold Holdings Inc. | Sold out | 0.00% | −0.19 |
Portfolio Buys Q1 2025 → Q2 2025
| NFLX Netflix Inc. | New | 3.02% | +3.02 |
| AXP American Express Co. | New | 3.00% | +3.00 |
| SMCI Super Micro Computer Inc. | New | 2.89% | +2.89 |
| VST Vistra Corp. | New | 2.84% | +2.84 |
| MU Micron Technology Inc. | New | 2.58% | +2.58 |
| TSM Taiwan Semiconductor-SP ADR | Add +376.9% | 3.34% | +2.47 |
| LPLA LPL Financial Holdings Inc. | New | 2.46% | +2.46 |
| RKT Rocket Cos Inc. Class A | New | 2.30% | +2.30 |
| STT State Street Corp. | New | 1.98% | +1.98 |
| LYV Live Nation Entertainment Inc. | New | 1.71% | +1.71 |
| TBBB BBB Foods Inc. Class A | New | 1.66% | +1.66 |
| EVR Evercore Inc. Class A | New | 1.31% | +1.31 |
| NBIS Nebius Group NV | New | 1.22% | +1.22 |
| WULF Terawulf Inc. | New | 1.13% | +1.13 |
| CCJ Cameco Corp. | New | 1.08% | +1.08 |
| AMRZ Amrize Ltd. | New | 1.06% | +1.06 |
| ARM Arm Holdings PLC-ADR | New | 0.94% | +0.94 |
| VRT Vertiv Holdings Co. Class A | Add +11.0% | 5.21% | +0.74 |
| QS Quantumscape Corp. | New | 0.63% | +0.63 |
| ORCL Oracle Corp. | New | 0.62% | +0.62 |
| APP AppLovin Corp. Class A | New | 0.62% | +0.62 |
| IBM Intl Business Machines Corp. | New | 0.61% | +0.61 |
| SBET Sharplink Inc. | New | 0.35% | +0.35 |
| CART Maplebear Inc. | Add +18.9% | 1.97% | −0.51 |
| NOVT Novanta Inc. | Add +19.6% | 1.86% | −0.75 |
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 |