# Portfolio overlap — FINE vs MINAX

Comparing **Themes European Luxury ETF** (2025-06-30) and **Madison International Stock Fund** (2025-01-31).

- Shared positions: 3
- Themes European Luxury ETF covered by Madison International Stock Fund: 0.03531404620234647797201020138
- Madison International Stock Fund covered by Themes European Luxury ETF: 0.03531404620234647797201020138

## Themes European Luxury ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| BURBERRY GROUP PLC COMMON STOCK | 0.056736 |  |
| Givaudan SA ADR | 0.048356 |  |
| FERRETTI SPA | 0.048286 |  |
| FERRARI NV | 0.047918 | ✓ |
| HUGO BOSS -ORD | 0.046754 |  |
| Porsche Automobil Holding SE PREFERRED STOCK | 0.046497 |  |
| ACCOR SA | 0.045631 |  |
| Hermes International SCA | 0.044804 | ✓ |
| CIE FINANCI-REG | 0.044760 |  |
| INTERPARFUMS SA | 0.043888 |  |
| ERMENEGILDO ZEGNA NV | 0.043697 |  |
| BRUNELLO CUCINEL | 0.043333 |  |
| MONCLER SPA | 0.041494 |  |
| COATS GROUP PLC | 0.040878 |  |
| SWATCH GROUP-BR | 0.039644 |  |
| INTERCONTINENTAL HOTELS GROUP PLC | 0.038573 |  |
| WATCHES OF SWITZ | 0.038006 |  |
| Kering S.A. ADR | 0.037591 |  |
| LUXEXPERIENCE BV ADR | 0.035910 |  |
| FERRAGAMO SPA | 0.035301 |  |
| ASTON MARTIN | 0.035131 |  |
| PRADA SPA | 0.033759 |  |
| CAPRI HOLDINGS LTD | 0.031546 |  |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.031508 | ✓ |

## Madison International Stock Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| State Street Navigator Securities Lending Portfolio II | 0.052297 |  |
| DEUTSCHE TELEKOM | 0.029887 |  |
| Airbus SE | 0.028003 |  |
| ALIBABA GROUP HOLDING LTD SPON ADR | 0.027116 |  |
| ASTRAZENECA PLC | 0.026628 |  |
| Kerry Group Public Limited Company | 0.026293 |  |
| HDFC BANK LTD SPON ADR | 0.026155 |  |
| Larsen & Toubro Ltd. | 0.025147 |  |
| PAN PACIFIC INTERNATIONAL HOLDINGS LTD | 0.024216 |  |
| TAIWAN SEMIC MFG CO LTD SP ADR | 0.022896 |  |
| TENCENT HOLDINGS LTD | 0.022620 |  |
| ADIDAS AG | 0.022125 |  |
| PING AN-H | 0.021431 |  |
| CYBER-ARK SOFTWARE LTD | 0.021347 |  |
| SONY GROUP CORP | 0.021332 |  |
| LONZA GROUP -REG | 0.021217 |  |
| TORAY INDUSTRIES | 0.020759 |  |
| AIA Group Ltd | 0.019650 |  |
| PARTNERS GROUP HOLDING AG COMMON STOCK | 0.019233 |  |
| DAIICHI SANKYO | 0.019094 |  |
| CAMECO CORP | 0.018628 |  |
| SIEMENS AG-REG | 0.018442 |  |
| ASML HOLDING-NY | 0.018396 |  |
| GRUPO MEXICO-B | 0.017991 |  |
| State Street Navigator Securities Lending Government Money Market Portfolio | 0.017858 |  |
| Infosys Ltd. SPONSORED ADR | 0.017778 |  |
| SHELL PLC | 0.017644 |  |
| WAL-MART MEX-ADR | 0.017546 |  |
| MITSUBISHI UFJ F | 0.017459 |  |
| KION GROUP AG | 0.017269 |  |
| CANADIAN PACIFIC KANSAS CITY LTD | 0.016671 |  |
| SAP SE | 0.016658 |  |
| WISE PLC - A | 0.016597 |  |
| CYBERAGENT INC | 0.016331 |  |
| SIKA AG-REG | 0.016090 |  |
| Prudential Public Limited Company | 0.015807 |  |
| TREASURY WINE ES | 0.014735 |  |
| Hermes International SCA | 0.013932 | ✓ |
| MURATA MFG CO | 0.013050 |  |
| KEYENCE CORP | 0.012341 |  |
| WORLDLINE | 0.012189 |  |
| FOMENTO ECONO MEX(FEMSA)SP ADR | 0.012119 |  |
| ITAU UNIBANCO HLDG SA SPON ADR | 0.011996 |  |
| NXP SEMICONDUCTORS NV | 0.011568 |  |
| NORSK HYDRO ASA | 0.011466 |  |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 0.011430 | ✓ |
| L'Air Liquide, societe anonyme pour l'Etude et l'Exploitation des procedes Georges Claude | 0.010847 |  |
| LASERTEC CORP | 0.010845 |  |
| CARLSBERG-B | 0.010780 |  |
| SHISEIDO CO LTD | 0.010223 |  |


## Sources

- N-PORT (fund A) — accession `0001145549-25-054753` (as of 2025-06-30)
  <https://www.sec.gov/Archives/edgar/data/1976322/000114554925054753/0001145549-25-054753-index.htm>
- N-PORT (fund B) — accession `0001752724-25-065806` (as of 2025-01-31)
  <https://www.sec.gov/Archives/edgar/data/1040612/000175272425065806/0001752724-25-065806-index.htm>

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