Skip to content
Disclosery

THAMES CAPITAL MANAGEMENT LLC

Follow

13F filer, CIK 1714267, Roseland, NJ

THAMES CAPITAL MANAGEMENT LLC reported $687,766,844 across 48 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-10. Its ten largest share positions make up 39.73% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001714267-26-000001

Period
2025-12-31
Reported value
$688M
Holdings
48
Top 10 weight
39.73%
New
12
Sold out
22

Largest buys vs the previous quarter

SecurityShares changeApprox. value
STTadded+179,878$23.2M
URInew+26,964$21.8M
MUnew+72,852$20.8M
AXPadded+52,679$19.5M
Cnew+152,640$17.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
IRENexited-512,993-$24.1M
BITFexited-7,033,331-$19.8M
CIFRexited-1,514,664-$19.1M
BEexited-213,901-$18.1M
ETHUexited-125,556-$16.3M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001714267-26-000001, largest first. % of portfolio is the value over $687,766,844, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GEVGE VERNOVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,209 shares; 2024Q4: 66,209 shares; 2025Q1: 54,439 shares; 2025Q2: 54,439 shares; 2025Q3: 54,439 shares; 2025Q4: 54,439 shares 54,439$35.6M5.17%0Timeline
STTSTATE STR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 82,216 shares; 2025Q3: 82,216 shares; 2025Q4: 262,094 shares 262,094$33.8M4.92%+179,878Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 120,362 shares; 2024Q4: 135,891 shares; 2025Q1: 90,475 shares; 2025Q2: 90,475 shares; 2025Q3: 90,475 shares; 2025Q4: 168,785 shares 168,785$31.5M4.58%+78,310Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 41,576 shares; 2025Q3: 27,784 shares; 2025Q4: 80,463 shares 80,463$29.8M4.33%+52,679Timeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,745 shares; 2024Q4: 164,745 shares; 2025Q1: 161,278 shares; 2025Q2: 178,980 shares; 2025Q3: 178,980 shares; 2025Q4: 178,980 shares 178,980$29M4.22%0Timeline
HUTHUT 8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 720,587 shares; 2025Q4: 528,246 shares 528,246$24.3M3.53%-192,341Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,165 shares; 2024Q4: 66,976 shares; 2025Q1: 13,656 shares; 2025Q2: 65,127 shares; 2025Q3: 65,127 shares; 2025Q4: 76,789 shares 76,789$23.3M3.39%+11,662Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,027 shares; 2024Q4: 33,027 shares; 2025Q1: 25,192 shares; 2025Q2: 25,192 shares; 2025Q3: 27,462 shares; 2025Q4: 33,767 shares 33,767$22.3M3.24%+6,305Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,843 shares; 2024Q4: 40,843 shares; 2025Q1: 40,843 shares; 2025Q2: 40,843 shares; 2025Q3: 40,843 shares; 2025Q4: 45,217 shares 45,217$21.9M3.18%+4,374Timeline
URIUNITED RENTALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 26,964 shares 26,964$21.8M3.17%newTimeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,423 shares; 2024Q4: 34,423 shares; 2025Q1: 34,423 shares; 2025Q2: 34,423 shares; 2025Q3: 34,423 shares; 2025Q4: 38,155 shares 38,155$21.8M3.17%+3,732Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 92,276 shares; 2025Q3: not reported; 2025Q4: 72,852 shares 72,852$20.8M3.02%newTimeline
APHAMPHENOL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,206 shares; 2024Q4: 140,206 shares; 2025Q1: 140,206 shares; 2025Q2: 140,206 shares; 2025Q3: 140,206 shares; 2025Q4: 152,712 shares 152,712$20.6M3%+12,506Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,644 shares; 2024Q4: 77,872 shares; 2025Q1: 62,061 shares; 2025Q2: 62,061 shares; 2025Q3: 62,061 shares; 2025Q4: 62,061 shares 62,061$19.1M2.78%0Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 716,902 shares; 2025Q3: 1,106,003 shares; 2025Q4: 938,659 shares 938,659$18.2M2.64%-167,344Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,469 shares; 2024Q4: 49,469 shares; 2025Q1: 45,489 shares; 2025Q2: 45,489 shares; 2025Q3: 45,489 shares; 2025Q4: 51,568 shares 51,568$18.1M2.63%+6,079Timeline
CCITIGROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 152,640 shares 152,640$17.8M2.59%newTimeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,806 shares; 2024Q4: 61,806 shares; 2025Q1: 61,806 shares; 2025Q2: 61,806 shares; 2025Q3: 61,806 shares; 2025Q4: 61,806 shares 61,806$16.8M2.44%0Timeline
AGXARGAN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,346 shares; 2024Q4: 117,384 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 41,383 shares; 2025Q4: 51,794 shares 51,794$16.2M2.36%+10,411Timeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,882 shares; 2024Q4: 42,882 shares; 2025Q1: 27,881 shares; 2025Q2: 27,881 shares; 2025Q3: 27,881 shares; 2025Q4: 27,881 shares 27,881$16.2M2.35%0Timeline
EVREVERCORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 21,344 shares; 2025Q3: 46,881 shares; 2025Q4: 46,881 shares 46,881$16M2.32%0Timeline
ONDSONDAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,963,257 shares; 2025Q4: 1,596,709 shares 1,596,709$15.6M2.27%-366,548Timeline
COHRCOHERENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 83,171 shares 83,171$15.4M2.23%newTimeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 331,276 shares 331,276$14M2.04%newTimeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 40,702 shares; 2025Q4: 40,702 shares 40,702$12.7M1.85%0Timeline
APPAPPLOVIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,777 shares; 2025Q3: 16,702 shares; 2025Q4: 18,727 shares 18,727$12.6M1.83%+2,025Timeline
PRIMPRIMORIS SVCS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 100,005 shares; 2025Q4: 100,005 shares 100,005$12.4M1.81%0Timeline
ASHASHLAND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 176,276 shares 176,276$10.3M1.5%newTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 68,220 shares; 2024Q4: 47,691 shares; 2025Q1: 45,254 shares; 2025Q2: 34,546 shares; 2025Q3: 33,716 shares; 2025Q4: 38,810 shares 38,810$8.96M1.3%+5,094Timeline
WULFTERAWULF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,134,689 shares; 2025Q3: 1,449,091 shares; 2025Q4: 770,267 shares 770,267$8.85M1.29%-678,824Timeline
FIXCOMFORT SYS USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 16,155 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,273 shares; 2025Q4: 9,273 shares 9,273$8.65M1.26%0Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 190,686 shares; 2024Q4: 182,576 shares; 2025Q1: 157,970 shares; 2025Q2: 157,970 shares; 2025Q3: 157,970 shares; 2025Q4: 105,224 shares 105,224$8.6M1.25%-52,746Timeline
JCIJOHNSON CONTROLS INTERNATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 66,704 shares 66,704$7.99M1.16%newTimeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,927 shares; 2024Q4: 13,927 shares; 2025Q1: 13,927 shares; 2025Q2: 13,927 shares; 2025Q3: 13,202 shares; 2025Q4: 13,202 shares 13,202$7.65M1.11%0Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,198 shares; 2024Q4: 47,266 shares; 2025Q1: 51,851 shares; 2025Q2: 32,695 shares; 2025Q3: 32,695 shares; 2025Q4: 27,755 shares 27,755$7.35M1.07%-4,940Timeline
NOVTNOVANTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,301 shares; 2024Q4: 53,301 shares; 2025Q1: 53,301 shares; 2025Q2: 63,767 shares; 2025Q3: 53,301 shares; 2025Q4: 53,301 shares 53,301$6.34M0.92%0Timeline
CLSCELESTICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 19,655 shares; 2025Q4: 19,655 shares 19,655$5.81M0.84%0Timeline
BKDBROOKDALE SR LIVING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 531,255 shares 531,255$5.73M0.83%newTimeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 22,636 shares 22,636$5.37M0.78%newTimeline
VTRVENTAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 61,830 shares 61,830$4.78M0.7%newTimeline
CHWYCHEWY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,685 shares; 2024Q4: 143,715 shares; 2025Q1: 163,731 shares; 2025Q2: 163,731 shares; 2025Q3: 141,813 shares; 2025Q4: 141,813 shares 141,813$4.69M0.68%0Timeline
WELLWELLTOWER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 25,195 shares 25,195$4.68M0.68%newTimeline
AIPARTERIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 293,973 shares; 2024Q4: 293,973 shares; 2025Q1: 293,973 shares; 2025Q2: 293,973 shares; 2025Q3: 293,973 shares; 2025Q4: 293,973 shares 293,973$4.56M0.66%0Timeline
AMPXAMPRIUS TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 526,832 shares; 2025Q4: 526,832 shares 526,832$4.16M0.6%0Timeline
CECOCECO ENVIRONMENTAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 69,403 shares; 2025Q4: 69,403 shares 69,403$4.15M0.6%0Timeline
AHRAMERICAN HEALTHCARE REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 85,883 shares 85,883$4.04M0.59%newTimeline
QSQUANTUMSCAPE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 415,479 shares; 2025Q3: 686,706 shares; 2025Q4: 369,686 shares 369,686$3.85M0.56%-317,020Timeline
IDRIDAHO STRATEGIC RESOURCESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 127,632 shares; 2025Q4: 91,929 shares 91,929$3.7M0.54%-35,703Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IRENIREN LIMITED512,993$24.1Mshares
BITFBITFARMS LTD7,033,331$19.8Mshares
CIFRCIPHER DIGITAL INC1,514,664$19.1Mshares
BEBLOOM ENERGY CORP213,901$18.1Mshares
ETHUVOLATILITY SHS TR125,556$16.3Mshares
NFLXNETFLIX INC.9,963$11.9Mshares
BMNRBITMINE IMMERSION TECHS INC228,531$11.9Mshares
RIOTRIOT PLATFORMS INC588,943$11.2Mshares
VSTVISTRA CORP47,648$9.34Mshares
CCJCAMECO CORP107,062$8.98Mshares
LYVLIVE NATION ENTERTAINMENT IN49,972$8.17Mshares
BETRWBETTER HOME & FINANCE HOLDIN145,138$8.15Mshares
OPENOPENDOOR TECHNOLOGIES INC980,809$7.82Mshares
TLNTALEN ENERGY CORP13,849$5.89Mshares
GLXYGALAXY DIGITAL INC.170,358$5.76Mshares
EMEEMCOR GROUP INC7,791$5.06Mshares
ORCLORACLE CORP16,340$4.6Mshares
PGYPAGAYA TECHNOLOGIES LTD137,778$4.09Mshares
BWBABCOCK & WILCOX ENTERPRISES1,390,658$4.03Mshares
BAKKT INCBAKKT INC115,577$3.89Mshares
NBISNEBIUS GROUP N.V.33,087$3.71Mshares
GLWCORNING INC8,888$729Kshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001714267-26-000001 base2026-02-10acceptance time not in the bulk data set