- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 11755 Wilshire Blvd, Suite 2400 Los Angeles CA United States of America 90025
- IPO Date
- Dec 8, 2023
- Business
- Themes Cybersecurity ETF (SPAM) is a passively managed exchange-traded fund that seeks to track the price and yield performance, before fees and expenses, of the Solactive Cybersecurity Index (SOCYBERN), which comprises the largest 35 companies by market capitalization deriving revenues from digital security software; the fund invests at least 80% of its net assets in securities comprising the index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). Top holdings include Akamai Technologies Inc. (AKAM, 5.85%), Qualys Inc. (QLYS, 5.60%), CACI International Inc. (CACI, 5.45%), Okta Inc. (OKTA, 5.00%), Crowdstrike Holdings Inc. (CRWD, 4.91%), Fortinet Inc. (FTNT, 4.88%), Check Point Software Technologies Ltd. (CHKP, 4.79%), CyberArk Software Ltd. (CYBR, 4.50%), Palo Alto Networks Inc. (PANW, 4.39%), and Trend Micro Inc./Japan (4704 JP, 4.33%), with the top 10 holdings representing approximately 49.7% of the portfolio; the fund features a total expense ratio of 0.35%, 36 holdings, quarterly rebalancing, and trades on Nasdaq under ticker SPAM (CUSIP: 882927304). Launched on December 8, 2023, by Themes ETFs (Themes ETF Trust), the fund operates globally with exposure to developed markets in the technology sector, focusing on mid-cap growth equities in cybersecurity software and services. In recent developments, Themes ETFs expanded its Leverage Shares product suite through Leverage Shares by Themes with the launch of four new single-stock leveraged daily ETFs on December 16, 2025—IREG (2x Long IREN Ltd.), BEG (2x Long Bloom Energy Corp.), GEV (2x Long GE Vernova Inc.), and SATS (2x Long EchoStar Corp.)—bringing the total to 53 such funds and underscoring the issuer's focus on thematic and leveraged investment products. Themes ETFs, headquartered in Greenwich, Connecticut and established in 2023, continues to broaden its lineup of sector-focused ETFs, including offerings in generative AI, uranium and nuclear, transatlantic defense, and global systemically important banks, positioning SPAM within a diverse portfolio targeting emerging market opportunities.