---
ticker: "SPAM"
name: "Themes Cybersecurity ETF"
url: "https://etf.net/etf/SPAM"
grade: "B"
score: 56
graded_at: "2026-10-12"
category: "Cybersecurity"
category_rank: "4 of 9"
methodology: "https://etf.net/methodology"
---

# SPAM: Themes Cybersecurity ETF

Grade **B**, Score 56 of 100. Rank 4 of 9 in Cybersecurity.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 79 | 2 of 9 |
| Mission | Not scored | — |
| Risk | 49 | 6 of 9 |
| Tradability | 22 | 7 of 9 |
| Holdings | 73 | 2 of 8 |
| Durability | 18 | 8 of 9 |

## Top holdings

The fund holds 41 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ZS | Zscaler Inc | 6.19% |
| 2 | OKTA | Okta Inc | 6.09% |
| 3 | RBRK | Rubrik Inc | 5.60% |
| 4 | CRWD | Crowdstrike Holdings Inc | 5.42% |
| 5 | PANW | Palo Alto Networks Inc | 4.96% |
| 6 | CACI | CACI International Inc | 4.89% |
| 7 | FTNT | Fortinet Inc | 4.85% |
| 8 | S | SentinelOne Inc | 4.81% |
| 9 | BAH | Booz Allen Hamilton Holding Corp | 4.63% |
| 10 | FFIV | F5 Inc | 4.44% |
| 11 | QLYS | Qualys Inc | 4.07% |
| 12 | CHKP | Check Point Software Technologies Ltd | 3.87% |
| 13 | NBIS | Nebius Group NV | 3.82% |
| 14 | 4704.T | Trend Micro Inc/Japan | 3.62% |
| 15 | CRWV | CoreWeave Inc | 3.51% |
| 16 | AKAM | Akamai Technologies Inc | 3.16% |
| 17 | VRNS | Varonis Systems Inc | 3.09% |
| 18 | NXT.AX | NEXTDC Ltd | 2.94% |
| 19 | BB | BlackBerry Ltd | 2.87% |
| 20 | TENB | Tenable Holdings Inc | 2.62% |
| 21 | FSLY | Fastly Inc | 2.34% |
| 22 | YOU | Clear Secure Inc | 2.26% |
| 23 | NTSK | Netskope Inc | 2.14% |
| 24 | ALRM | Alarm.com Holdings Inc | 1.56% |
| 25 | ATEN | A10 Networks Inc | 1.19% |
| 26 | NETC.CO | Netcompany Group A/S | 1.04% |
| 27 | ARLO | Arlo Technologies Inc | 0.73% |
| 28 | SAIL | SailPoint Inc | 0.64% |
| 29 | RDWR | Radware Ltd | 0.62% |
| 30 | RPD | Rapid7 Inc | 0.50% |

Source: etf.net, https://etf.net/etf/SPAM. Please cite the page URL.