Tema ETFs LLC
Long book
$1.49B
Q1 2026
Positions
574
Top-10 weight
19%
concentration
Last quarter
+15.8%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsTema ETFs LLC is an institutional manager, running a $1.49B US long book across 574 positions.
The portfolio is broadly diversified across 574 positions (top 10 only 19%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: POWELL INDUSTRIES INC, NEXTERA ENERGY INC, NVIDIA CORP, CATERPILLAR INC, BEL FUSE INC-CL B.
Over the last 6 quarters its long book ran on average 1.7pp per quarter ahead of the S&P 500, beating the index in 5 of 6 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2024
-7.5%
Q1 2025
+10.9%
Q2 2025
+10.8%
Q3 2025
+4.2%
Q4 2025
+3.8%
Q1 2026
+15.8%
Sector allocation
Technology 23%
Industrials 22%
Healthcare 15%
Utilities 13%
Financials 7%
Consumer discretionary 6%
Services media 4%
Other 3%
Long book by quarter
What does Tema ETFs own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| POWL POWELL INDUSTRIES INC | Industrials | 84.7K | $45.8M | 3.1% | +10.9% |
| NEE NEXTERA ENERGY INC | Utilities | 347.4K | $32.3M | 2.2% | +41.9% |
| NVDA NVIDIA CORP | Technology | 174.8K | $30.5M | 2.0% | -0.8% |
| CAT CATERPILLAR INC | Industrials | 41.5K | $29.4M | 2.0% | +8.5% |
| BELFB BEL FUSE INC-CL B | Technology | 133.3K | $26.4M | 1.8% | +48.3% |
| AAPL APPLE INC | Technology | 99.4K | $25.2M | 1.7% | +11.4% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 181.3K | $23.8M | 1.6% | +74.1% |
| GEV GE VERNOVA INC | Industrials | 26.6K | $23.2M | 1.6% | +35.4% |
| LLY ELI LILLY & CO | Healthcare | 23.7K | $21.8M | 1.5% | +10.1% |
| PWR QUANTA SERVICES INC | Industrials | 39.6K | $21.8M | 1.5% | +21.1% |
| MOD MODINE MANUFACTURING CO | Industrials | 98.5K | $21.3M | 1.4% | +85.3% |
| ETR ENTERGY CORP | Utilities | 184.4K | $20.7M | 1.4% | +49.9% |
| HUBB HUBBELL INC | Technology | 36.4K | $17.9M | 1.2% | +47.4% |
| ET ENERGY TRANSFER LP | Utilities | 926.1K | $17.9M | 1.2% | +43.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 70.8K | $17.3M | 1.2% | +2.7% |
| NI NISOURCE INC | Utilities | 367.6K | $17.2M | 1.2% | +46.5% |
| IDA IDACORP INC | Utilities | 118.0K | $16.9M | 1.1% | +48.6% |
| TKR TIMKEN CO | Industrials | 163.6K | $16.5M | 1.1% | +29.5% |
| APH AMPHENOL CORP-CL A | Technology | 126.5K | $16.0M | 1.1% | +14.4% |
| OGE OGE ENERGY CORP | Utilities | 326.4K | $15.7M | 1.1% | +48.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 74.1K | $15.4M | 1.0% | +4.6% |
| MSFT MICROSOFT CORP | Technology | 41.1K | $15.2M | 1.0% | +2.5% |
| VRT VERTIV HOLDINGS CO-A | Technology | 60.7K | $15.2M | 1.0% | +38.7% |
| CGNX COGNEX CORP | Technology | 308.7K | $15.1M | 1.0% | +27.0% |
| AVGO BROADCOM INC | Technology | 47.7K | $14.7M | 1.0% | +5.6% |
| MRK MERCK & CO. INC. | Healthcare | 115.9K | $13.9M | 0.9% | +4.8% |
| ITRI ITRON INC | Technology | 143.4K | $12.9M | 0.9% | +48.5% |
| ABBV ABBVIE INC | Healthcare | 57.8K | $12.6M | 0.8% | +11.6% |
| AEIS ADVANCED ENERGY INDUSTRIES | Technology | 38.5K | $12.4M | 0.8% | +48.6% |
| META META PLATFORMS INC-CLASS A | Technology | 20.8K | $11.9M | 0.8% | +6.1% |
| ATI ATI INC | Industrials | 81.3K | $11.8M | 0.8% | +4.0% |
| TEX TEREX CORP | Industrials | 199.0K | $11.8M | 0.8% | +8.7% |
| AIT APPLIED INDUSTRIAL TECH INC | Consumer discretionary | 44.1K | $11.7M | 0.8% | +17.9% |
| TSLA TESLA INC | Industrials | 30.8K | $11.4M | 0.8% | +11.7% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 55.8K | $11.4M | 0.8% | +48.5% |
| PH PARKER HANNIFIN CORP | Industrials | 12.7K | $11.4M | 0.8% | +11.1% |
| XEL XCEL ENERGY INC | Utilities | 137.3K | $10.9M | 0.7% | +44.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 22.3K | $10.7M | 0.7% | +0.5% |
| JPM JPMORGAN CHASE & CO | Financials | 36.2K | $10.6M | 0.7% | -0.9% |
| IR INGERSOLL-RAND INC | Industrials | 131.0K | $10.5M | 0.7% | +12.7% |
| PPL PPL CORP | Utilities | 273.8K | $10.5M | 0.7% | +45.1% |
| V VISA INC-CLASS A SHARES | Services media | 34.2K | $10.3M | 0.7% | -7.5% |
| XOM EXXON MOBIL CORP | Energy | 60.9K | $10.3M | 0.7% | -10.4% |
| EXE EXPAND ENERGY CORP | Energy | 91.6K | $10.1M | 0.7% | +132.3% |
| GOOGL ALPHABET INC-CL A | Technology | 33.6K | $9.7M | 0.6% | +6.4% |
| BE BLOOM ENERGY CORP- A | Industrials | 70.5K | $9.6M | 0.6% | New |
| RVMD REVOLUTION MEDICINES INC | Healthcare | 98.2K | $9.5M | 0.6% | -2.4% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 154.6K | $9.4M | 0.6% | +21.0% |
| SPXC SPX TECHNOLOGIES INC | Industrials | 46.6K | $9.3M | 0.6% | +27.2% |
| WMT WALMART INC | Consumer discretionary | 70.2K | $8.7M | 0.6% | -3.9% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 574 | $1.49B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 16, 2026 | 558 | $1.29B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 512 | $1.20B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 165 | $376.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 147 | $334.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 148 | $240.9M | canonical | SEC ↗ |
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