1y return+56.4%S&P 500 +20.9%
3y return+161.4%S&P 500 +68.5%
5y return+153.0%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2017: $480 against $280 in the S&P 500.2
Thames Capital Management LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| STTState Str Corp | $57.2M | 4.7% | +147.6% |
| GEGe Aerospace | $54.7M | 4.5% | +135.9% |
| MUMicron Technology Inc | $52.4M | 4.3% | −9.6% |
| GEVGe Vernova Inc | $50.9M | 4.2% | −14.0% |
| VRTVertiv Holdings Co | $40.9M | 3.4% | −26.0% |
| HUTHut 8 Corp | $40.6M | 3.3% | −17.2% |
| AMDAdvanced Micro Devices Inc | $38.9M | 3.2% | New |
| TSMTaiwan Semiconductor Manufac | $36.8M | 3.0% | |
| Nebius Group N.v.CUSIP N97284108 | $36.7M | 3.0% | New |
| MKSIMks Inc. | $35.3M | 2.9% | +17.3% |
| NOKNokia Corp | $33.9M | 2.8% | New |
| SNDKSandisk Corp | $33.7M | 2.8% | −34.6% |
| RIOTRiot Platforms Inc | $32.9M | 2.7% | New |
| INTCIntel Corp | $31.2M | 2.6% | New |
| KLACKla Corp | $28.6M | 2.4% | New |
| ALABAstera Labs Inc | $27.9M | 2.3% | New |
| WULFTerawulf Inc | $26.9M | 2.2% | +38.7% |
| NTRSNorthern Tr Corp | $26.2M | 2.2% | New |
| AEISAdvanced Energy Inds | $26.2M | 2.2% | +83.5% |
| APHAmphenol Corp | $25.1M | 2.1% | −2.4% |
| Flex LtdCUSIP Y2573F102 | $24.2M | 2.0% | New |
| NVDANvidia Corporation | $23.2M | 1.9% | |
| AVGOBroadcom Inc | $22.8M | 1.9% | New |
| FPSForgent Power Solutions Inc | $22.3M | 1.8% | New |
| CCitigroup Inc | $21.4M | 1.8% | New |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| VRTVertiv Holdings Co | June 30, 2020 | +2369.2% | $40.9M |
| AIPArteris Inc | September 30, 2023 | +646.4% | $14.3M |
| APHAmphenol Corp | June 30, 2020 | +636.1% | $25.1M |
| GEVGe Vernova Inc | June 30, 2024 | +585.0% | $50.9M |
| WULFTerawulf Inc | June 30, 2025 | +463.9% | $26.9M |
| NVDANvidia Corporation | June 30, 2023 | +373.0% | $23.2M |
| GEGe Aerospace | September 30, 2023 | +238.1% | $54.7M |
| HUTHut 8 Corp | September 30, 2025 | +231.6% | $40.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $17.9M |
| SIMOSilicon Motion Technology Co | March 31, 2026 | +196.8% | $17.6M |
Sold off last quarter
- ONDSOndas Inc was $14.6M
- PRIMPrimoris Svcs Corp was $14.3M
- RKTRocket Cos Inc was $13.3M
- DOCNDigitalocean Hldgs Inc was $12.5M
- SOXLDirexion Shares Etf Trust was $10.9M
- AMPXAmprius Technologies Inc was $8.9M
- Spotify Technology S ACUSIP L8681T102 was $7.2M
- AAOIApplied Optoelectronics Inc was $6.3M
- UBERUber Technologies Inc was $3.9M
- IDRIdaho Strategic Resources was $3.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +37.2% | +14.8% |
| March 31, 2026 | +4.4% | −4.6% |
| December 31, 2025 | −1.4% | +2.4% |
| September 30, 2025 | +10.7% | +7.8% |
| June 30, 2025 | +24.4% | +10.5% |
| March 31, 2025 | −9.3% | −4.6% |
| December 31, 2024 | +5.4% | +2.1% |
| September 30, 2024 | +6.6% | +5.4% |
| June 30, 2024 | +2.3% | +4.0% |
| March 31, 2024 | +18.1% | +10.0% |
| December 31, 2023 | +14.5% | +11.2% |
| September 30, 2023 | −4.8% | −3.6% |
| June 30, 2023 | +9.1% | +8.3% |
| March 31, 2023 | +7.9% | +7.0% |
| December 31, 2022 | +6.7% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −24.6% | −16.5% |
| March 31, 2022 | −1.6% | −4.9% |
| December 31, 2021 | +7.7% | +10.7% |
| September 30, 2021 | +1.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Thames Capital Management LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1714267&type=13F-HR&dateb=&owner=include&count=40CIK 1714267
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1714267/000171426726000003/Filed August 12, 2026 · accession 0001714267-26-000003