# THAMES CAPITAL MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1714267. Source: https://holderbook.com/funds/1714267-thames-capital-management-llc/

- Reported value: $1.2B
- Positions: 56
- Weight of the ten largest: 36.6%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $57.2M | 337,558 | 4.7% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $54.7M | 146,383 | 4.5% | 12 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $52.4M | 45,388 | 4.3% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $50.9M | 43,318 | 4.2% | 9 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $40.9M | 122,240 | 3.4% | 26 |
| HUT 8 CORP | [HUT](https://holderbook.com/stocks/HUT/) | $40.6M | 351,973 | 3.3% | 4 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $38.9M | 66,972 | 3.2% | 1 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $36.8M | 77,008 | 3.0% | 8 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $36.7M | 132,768 | 3.0% | 1 |
| MKS INC. | [MKSI](https://holderbook.com/stocks/MKSI/) | $35.3M | 79,395 | 2.9% | 2 |
| NOKIA CORP | [NOK](https://holderbook.com/stocks/NOK/) | $33.9M | 2,550,584 | 2.8% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $33.7M | 14,808 | 2.8% | 3 |
| RIOT PLATFORMS INC | [RIOT](https://holderbook.com/stocks/RIOT/) | $32.9M | 1,201,609 | 2.7% | 1 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $31.2M | 223,725 | 2.6% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $28.6M | 94,720 | 2.4% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $27.9M | 57,733 | 2.3% | 1 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $26.9M | 1,090,203 | 2.2% | 5 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $26.2M | 150,619 | 2.2% | 1 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $26.2M | 70,220 | 2.2% | 2 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $25.1M | 142,139 | 2.1% | 28 |
| FLEX LTD | [FLEX](https://holderbook.com/stocks/FLEX/) | $24.2M | 149,474 | 2.0% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $23.2M | 116,169 | 1.9% | 13 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $22.8M | 60,391 | 1.9% | 1 |
| FORGENT POWER SOLUTIONS INC | [FPS](https://holderbook.com/stocks/FPS/) | $22.3M | 398,912 | 1.8% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $21.4M | 153,039 | 1.8% | 1 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $20.8M | 3,622,886 | 1.7% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $20.3M | 28,138 | 1.7% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $18.1M | 45,883 | 1.5% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $17.9M | 61,806 | 1.5% | 26 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $17.8M | 34,663 | 1.5% | 31 |
| SILICON MOTION TECHNOLOGY CO | [SIMO](https://holderbook.com/stocks/SIMO/) | $17.6M | 52,823 | 1.4% | 2 |
| VARONIS SYS INC | [VRNS](https://holderbook.com/stocks/VRNS/) | $16.0M | 381,281 | 1.3% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $15.7M | 45,662 | 1.3% | 31 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $15.6M | 19,514 | 1.3% | 4 |
| AMKOR TECHNOLOGY INC | [AMKR](https://holderbook.com/stocks/AMKR/) | $15.3M | 177,301 | 1.3% | 1 |
| FABRINET | [FN](https://holderbook.com/stocks/FN/) | $14.7M | 26,114 | 1.2% | 2 |
| CIPHER DIGITAL INC | [CIFR](https://holderbook.com/stocks/CIFR/) | $14.6M | 595,538 | 1.2% | 1 |
| ARTERIS INC | [AIP](https://holderbook.com/stocks/AIP/) | $14.3M | 293,973 | 1.2% | 12 |
| PENGUIN SOLUTIONS INC | [PENG](https://holderbook.com/stocks/PENG/) | $14.1M | 185,128 | 1.2% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $14.0M | 24,794 | 1.1% | 13 |
| BROOKDALE SR LIVING INC | [BKD](https://holderbook.com/stocks/BKD/) | $12.2M | 757,710 | 1.0% | 3 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $12.1M | 31,457 | 1.0% | 2 |
| APPLIED DIGITAL CORP | [APLD](https://holderbook.com/stocks/APLD/) | $10.7M | 288,167 | 0.9% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $9.7M | 22,365 | 0.8% | 1 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $9.0M | 4,561 | 0.7% | 4 |
| STERLING INFRASTRUCTURE INC | [STRL](https://holderbook.com/stocks/STRL/) | $7.6M | 9,002 | 0.6% | 2 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $7.2M | 19,655 | 0.6% | 4 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $7.1M | 8,324 | 0.6% | 2 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $6.8M | 17,960 | 0.6% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $6.7M | 28,290 | 0.6% | 1 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $6.6M | 13,202 | 0.5% | 30 |
| CANTOR EQUITY PARTNERS I INC | [CEPO](https://holderbook.com/stocks/CEPO/) | $4.9M | 362,904 | 0.4% | 1 |
| IREN LIMITED | [IREN](https://holderbook.com/stocks/IREN/) | $4.6M | 99,516 | 0.4% | 2 |
| LATTICE SEMICONDUCTOR CORP | [LSCC](https://holderbook.com/stocks/LSCC/) | $4.5M | 29,530 | 0.4% | 1 |
| QUANTUMSCAPE CORP | [QS](https://holderbook.com/stocks/QS/) | $4.3M | 574,028 | 0.4% | 5 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $4.2M | 10,576 | 0.3% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +57.4% | +14.8% | +42.5% | 100% |
| Q1 2026 | +4.4% | -4.6% | +9.0% | 100% |
| Q4 2025 | -1.4% | +2.4% | -3.8% | 100% |
| Q3 2025 | +10.7% | +7.8% | +2.9% | 100% |
| Q2 2025 | +24.4% | +10.5% | +14.0% | 100% |
| Q1 2025 | -9.3% | -4.6% | -4.7% | 100% |
| Q4 2024 | +5.4% | +2.1% | +3.3% | 100% |
| Q3 2024 | +6.6% | +5.4% | +1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 56 |
| Q1 2026 | $557.9M | 43 |
| Q4 2025 | $687.8M | 48 |
| Q3 2025 | $700.8M | 58 |
| Q2 2025 | $441.4M | 43 |
| Q1 2025 | $260.4M | 28 |
| Q4 2024 | $368.9M | 37 |
| Q3 2024 | $321.0M | 38 |
| Q2 2024 | $255.4M | 25 |
| Q1 2024 | $240.3M | 24 |
| Q4 2023 | $194.1M | 24 |
| Q3 2023 | $175.0M | 25 |