Thematics Asset Management 13F annual report

Thematics Asset Management is an investment fund managing more than $2.45 trillion ran by Nolan Hoffmeyer. There are currently 137 companies in Mr. Hoffmeyer’s portfolio. The largest investments include NVIDIA Corp and Synopsys, together worth $198 billion.

Limited to 30 biggest holdings

$2.45 trillion Assets Under Management (AUM)

As of 6th August 2024, Thematics Asset Management’s top holding is 1,025,760 shares of NVIDIA Corp currently worth over $127 billion and making up 5.2% of the portfolio value. Relative to the number of outstanding shares of NVIDIA Corp, Thematics Asset Management owns more than approximately 0.1% of the company. In addition, the fund holds 118,957 shares of Synopsys worth $70.8 billion, whose value fell 5.0% in the past six months. The third-largest holding is ServiceNow Inc worth $66.7 billion and the next is Crowdstrike Inc worth $62.9 billion, with 164,181 shares owned.

Currently, Thematics Asset Management's portfolio is worth at least $2.45 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Thematics Asset Management

The Thematics Asset Management office and employees reside in Paris, France. According to the last 13-F report filed with the SEC, Nolan Hoffmeyer serves as the Deputy CEO at Thematics Asset Management.

Recent trades

In the most recent 13F filing, Thematics Asset Management revealed that it had opened a new position in Bentley Sys Inc and bought 411,105 shares worth $20.3 billion.

The investment fund also strengthened its position in NVIDIA Corp by buying 916,216 additional shares. This makes their stake in NVIDIA Corp total 1,025,760 shares worth $127 billion. NVIDIA Corp dropped approximately 0.1% in the past year.

On the other hand, there are companies that Thematics Asset Management is getting rid of from its portfolio. Thematics Asset Management closed its position in PayPal Inc on 13th August 2024. It sold the previously owned 150,000 shares for $10 billion. Nolan Hoffmeyer also disclosed a decreased stake in Crowdstrike Inc by approximately 0.1%. This leaves the value of the investment at $62.9 billion and 164,181 shares.

One of the largest hedge funds

The two most similar investment funds to Thematics Asset Management are Aspiriant and Giverny Capital. They manage $2.45 trillion and $2.46 trillion respectively.


Nolan Hoffmeyer investment strategy

Thematics Asset Management’s portfolio is diversified across 12 sectors. Currently, their heaviest sector is Technology — making up 40.6% of the total portfolio value. The fund focuses on investments in the United States as 66.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 52% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $83.7 billion.

The complete list of Thematics Asset Management trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
NVIDIA Corp
836.39%
1,025,760
$126,722,390,000 5.18%
Synopsys, Inc.
4.30%
118,957
$70,786,552,000 2.89%
ServiceNow Inc
11.27%
84,745
$66,666,349,000 2.72%
Crowdstrike Holdings Inc
8.18%
164,181
$62,912,517,000 2.57%
nVent Electric plc
24.91%
774,708
$59,350,380,000 2.42%
Ansys Inc.
16.72%
181,920
$58,487,280,000 2.39%
Steris Plc
No change
250,610
$55,018,919,000 2.25%
Alphabet Inc
3.94%
292,224
$53,228,602,000 2.17%
Clean Harbors, Inc.
5.27%
215,774
$48,797,290,000 1.99%
Cadence Design System Inc
5.06%
146,075
$44,954,581,000 1.84%
Ecolab, Inc.
2.60%
187,037
$44,514,806,000 1.82%
Snowflake Inc.
50.09%
302,052
$40,804,205,000 1.67%
Intuitive Surgical Inc
10.76%
88,576
$39,403,034,000 1.61%
Hologic, Inc.
3.25%
520,693
$38,661,455,000 1.58%
PTC Inc
3.97%
207,589
$37,712,694,000 1.54%
Altair Engr Inc
No change
376,281
$36,905,640,000 1.51%
Advanced Micro Devices Inc.
27.48%
223,152
$36,197,486,000 1.48%
KLA Corp.
No change
37,072
$30,566,235,000 1.25%
Thermo Fisher Scientific Inc.
No change
54,661
$30,227,533,000 1.23%
Digital Rlty Tr Inc
No change
195,500
$29,725,775,000 1.21%
Palo Alto Networks Inc
0.75%
84,348
$28,594,815,000 1.17%
Symbotic Inc
110.29%
805,509
$28,321,696,000 1.16%
Medtronic Plc
24.49%
354,417
$27,896,162,000 1.14%
MSA Safety Inc
5.71%
148,500
$27,871,965,000 1.14%
APi Group Corporation
3.07%
727,000
$27,357,010,000 1.12%
Stericycle Inc.
No change
470,000
$27,321,100,000 1.12%
Wabtec
14.50%
171,000
$27,026,550,000 1.10%
Rollins, Inc.
6.02%
546,000
$26,639,340,000 1.09%
Equinix Inc
1.04%
33,951
$25,687,327,000 1.05%
Motorola Solutions Inc
No change
66,000
$25,479,300,000 1.04%
Teradyne, Inc.
10.12%
162,807
$24,142,650,000 0.99%
CyberArk Software Ltd
No change
87,200
$23,842,224,000 0.97%
Roper Technologies Inc
3.97%
41,903
$23,619,045,000 0.96%
Manhattan Associates, Inc.
61.83%
94,730
$23,367,996,000 0.95%
OSI Systems, Inc.
No change
168,500
$23,172,120,000 0.95%
Shift4 Pmts Inc
6.90%
310,000
$22,738,500,000 0.93%
MongoDB Inc
135.94%
88,252
$22,059,470,000 0.90%
Visa Inc
0.12%
80,884
$21,229,623,000 0.87%
Dexcom Inc
1.74%
182,678
$20,712,032,000 0.85%
John Bean Technologies Corp
3.97%
217,839
$20,688,170,000 0.84%
Waste Connections Inc
0.43%
117,469
$20,599,364,000 0.84%
Core & Main, Inc.
No change
419,000
$20,505,860,000 0.84%
Bentley Sys Inc
Opened
411,105
$20,292,143,000 0.83%
Xylem Inc
10.80%
148,669
$20,163,976,000 0.82%
Cintas Corporation
16.18%
28,500
$19,957,410,000 0.82%
Fiserv, Inc.
12.22%
129,300
$19,270,872,000 0.79%
Rockwell Automation Inc
20.48%
68,752
$18,926,051,000 0.77%
Gentex Corp.
No change
547,000
$18,439,370,000 0.75%
Avantor, Inc.
No change
865,000
$18,338,000,000 0.75%
Mobileye Global Inc
17.12%
650,000
$18,255,250,000 0.75%
Varonis Sys Inc
9.13%
378,000
$18,132,660,000 0.74%
Sps Comm Inc
3.97%
95,529
$17,974,737,000 0.73%
Danaher Corp.
No change
67,196
$16,788,921,000 0.69%
Essential Utils Inc
3.75%
442,726
$16,526,962,000 0.67%
Littelfuse, Inc.
38.04%
63,500
$16,229,965,000 0.66%
Tyler Technologies, Inc.
3.97%
31,826
$16,001,476,000 0.65%
Global Pmts Inc
No change
164,710
$15,927,457,000 0.65%
Pentair plc
4.03%
206,737
$15,850,526,000 0.65%
Idex Corporation
26.55%
78,654
$15,825,185,000 0.65%
Ferguson Plc New
No change
81,538
$15,789,834,000 0.64%
Mettler-Toledo International, Inc.
27.91%
11,137
$15,564,960,000 0.64%
Zscaler Inc
11.36%
78,000
$14,990,820,000 0.61%
Advanced Drain Sys Inc Del
No change
89,500
$14,354,905,000 0.59%
Smith A O Corp
4.82%
174,000
$14,229,720,000 0.58%
Okta Inc
10.43%
146,000
$13,667,060,000 0.56%
Veralto Corp
No change
142,882
$13,640,945,000 0.56%
TransUnion
No change
178,500
$13,237,560,000 0.54%
Agilent Technologies Inc.
8.65%
100,460
$13,022,630,000 0.53%
Rapid7 Inc
5.06%
300,000
$12,969,000,000 0.53%
Autodesk Inc.
17.87%
52,111
$12,894,867,000 0.53%
Garmin Ltd
2.67%
77,310
$12,595,345,000 0.51%
American Wtr Wks Co Inc New
No change
95,242
$12,301,457,000 0.50%
ON Semiconductor Corp.
3.97%
174,907
$11,989,875,000 0.49%
Tetra Tech, Inc.
No change
57,750
$11,808,720,000 0.48%
Primo Water Corporation
10.77%
538,442
$11,770,342,000 0.48%
Toro Co.
12.56%
125,473
$11,732,980,000 0.48%
Waste Mgmt Inc Del
5.43%
54,848
$11,701,272,000 0.48%
AECOM
11.46%
126,472
$11,147,242,000 0.46%
Exponent Inc.
8.37%
109,500
$10,415,640,000 0.43%
Masco Corp.
No change
153,017
$10,201,643,000 0.42%
PayPal Holdings Inc
Closed
150,000
$10,048,500,000
Applied Indl Technologies In
6.21%
51,335
$9,958,990,000 0.41%
Fortinet Inc
No change
165,000
$9,944,550,000 0.41%
Adobe Inc
8.60%
17,451
$9,694,729,000 0.40%
Intuit Inc
9.64%
14,511
$9,536,774,000 0.39%
Costco Whsl Corp New
19.94%
10,915
$9,277,641,000 0.38%
Elastic N.V
17.37%
78,820
$8,978,386,000 0.37%
Zurn Elkay Water Solns Corp
0.38%
304,127
$8,941,334,000 0.37%
Middlesex Wtr Co
36.80%
171,000
$8,936,460,000 0.36%
S&P Global Inc
3.69%
19,794
$8,828,124,000 0.36%
California Wtr Svc Group
No change
172,470
$8,363,070,000 0.34%
Nasdaq Inc
4.31%
136,676
$8,236,096,000 0.34%
Planet Fitness Inc
22.03%
111,115
$8,176,953,000 0.33%
Microsoft Corporation
4.48%
18,282
$8,171,140,000 0.33%
MSCI Inc
5.82%
16,523
$7,959,955,000 0.33%
Natera Inc
6.71%
73,492
$7,958,449,000 0.33%
Costar Group, Inc.
4.32%
105,814
$7,845,050,000 0.32%
Boston Scientific Corp.
No change
94,698
$7,292,693,000 0.30%
T-Mobile US Inc
22.44%
41,079
$7,237,298,000 0.30%
Godaddy Inc
10.64%
51,150
$7,146,167,000 0.29%
Merck & Co Inc
No change
55,915
$6,922,277,000 0.28%
Descartes Sys Group Inc
4.48%
66,376
$6,427,852,000 0.26%
Frontier Communications Pare
26.99%
242,503
$6,348,729,000 0.26%
Match Group Inc.
Closed
170,698
$6,192,923,000
HubSpot Inc
34.89%
10,282
$6,064,221,000 0.25%
Zoetis Inc
No change
33,797
$5,859,048,000 0.24%
Powerschool Holdings Inc
65.99%
249,289
$5,581,581,000 0.23%
Bjs Whsl Club Hldgs Inc
15.29%
63,368
$5,566,245,000 0.23%
Alcon Ag
10.63%
62,183
$5,539,262,000 0.23%
New York Times Co.
4.48%
106,004
$5,428,465,000 0.22%
Atlassian Corporation
7.77%
30,248
$5,350,266,000 0.22%
SJW Group
No change
96,246
$5,218,458,000 0.21%
Tractor Supply Co.
No change
18,904
$5,104,080,000 0.21%
Verizon Communications Inc
4.48%
122,813
$5,064,808,000 0.21%
Healthequity Inc
4.48%
57,747
$4,977,791,000 0.20%
Vail Resorts Inc.
Closed
21,641
$4,822,264,000
Procter And Gamble Co
7.88%
29,058
$4,792,245,000 0.20%
Sprouts Fmrs Mkt Inc
13.03%
56,728
$4,745,864,000 0.19%
Labcorp Holdings Inc.
Opened
23,141
$4,709,425,000 0.19%
Netflix Inc.
16.18%
6,930
$4,676,918,000 0.19%
Alarm.com Holdings Inc
11.18%
73,065
$4,642,550,000 0.19%
Laboratory Corp Amer Hldgs
Closed
21,183
$4,627,638,000
Oracle Corp.
17.89%
31,837
$4,495,384,000 0.18%
Amazon.com Inc.
13.62%
22,786
$4,403,395,000 0.18%
Unitedhealth Group Inc
19.73%
8,531
$4,344,497,000 0.18%
CryoPort Inc
13.56%
617,200
$4,264,852,000 0.17%
Wix.com Ltd
17.64%
23,644
$3,761,051,000 0.15%
Gartner, Inc.
Opened
8,039
$3,609,993,000 0.15%
Exact Sciences Corp.
22.34%
83,216
$3,515,876,000 0.14%
Factset Resh Sys Inc
35.78%
8,609
$3,514,796,000 0.14%
CVS Health Corp
No change
56,312
$3,325,787,000 0.14%
Omnicell Com
Closed
110,057
$3,216,966,000
Progyny Inc
No change
109,150
$3,122,782,000 0.13%
Disney Walt Co
4.49%
30,815
$3,059,621,000 0.12%
Chipotle Mexican Grill
3,782.64%
48,300
$3,025,995,000 0.12%
Charter Communications Inc N
Closed
10,246
$2,977,795,000
Soho House & Co Inc
No change
474,155
$2,517,763,000 0.10%
Topgolf Callaway Brands Corp
No change
159,540
$2,422,615,000 0.10%
Lululemon Athletica inc.
19.42%
8,049
$2,404,236,000 0.10%
YETI Holdings Inc
No change
61,422
$2,343,249,000 0.10%
Idexx Labs Inc
33.56%
4,192
$2,042,342,000 0.08%
Nike, Inc.
No change
25,424
$1,916,207,000 0.08%
Lauder Estee Cos Inc
No change
14,367
$1,528,649,000 0.06%
No transactions found
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