Tema Etfs 13F: Exits BWX Technologies (BWXT) Stake

Tema Etfs disclosed in a filing on October 16, 2026, that it sold out of its entire position in BWX Technologies, Inc. (NYSE: BWXT). The fund cut 81,179 shares, which resulted in a 100% decrease in its holdings.

What Changed in Tema Etfs's BWX Technologies Position

Tema Etfs completely exited its position in BWX Technologies, reducing its shares from 81,179 to 0. This major move reflects a shift in the fund's strategy regarding this stock.

Other Institutional Activity in BWX Technologies

Several other institutional investors made changes to their positions in BWX Technologies as well. Blackrock Inc. reduced its holdings by 363,376 shares, ending with 12,123,786 shares valued at about $1.66 billion. Vanguard Portfolio Management LLC cut its stake by 135,971 shares, leaving it with 4,755,063 shares worth approximately $651.5 million. Meanwhile, Vanguard Capital Management LLC increased its holdings by 46,263 shares to a total of 4,140,330 shares, valued at about $567.3 million. State Street Corporation added 50,608 shares, bringing its total to 3,799,375 shares worth roughly $520.6 million. JPMorgan Chase & Co. increased its stake by 81,305 shares, totaling 2,654,239 shares valued at around $363.7 million.

BWX Technologies, Inc. Stock Up 1.4%

As of October 16, 2026, BWX Technologies shares were trading around $139.11. This price is below its 50-day moving average of about $151.15 and its 200-day moving average of around $188.14. The stock is also 42.5% below its 52-week high of $241.82, though it sits 5.7% above its low of $131.60.

Recent Earnings

BWX Technologies reported trailing twelve-month (TTM) revenue of about $3.51 billion and earnings per share (EPS) of $3.86. The company's revenue growth year-over-year stands at 18.0%, and it has a net margin of 10.1%. The next earnings report is expected on November 2, 2026.

Dividend

BWX Technologies pays an annual dividend of $1.06 per share, which results in a dividend yield of 0.77%. Its payout ratio is 26.9%.

Insider Buying and Selling at BWX Technologies, Inc.

Recent insider transactions include Chief Executive Officer Rex D. Geveden selling 10,000 shares on August 12, 2026, valued at approximately $1.73 million, and another 10,000 shares on May 12, 2026, worth about $2.05 million. Additionally, Officer Kevin James Gorman sold 1,344 shares on March 2, 2026, for about $288,574, and Chief Financial Officer Michael Thomas Fitzgerald sold 2,417 shares on May 11, 2026, valued at nearly $505,757.

Analysts Set New Price Targets

On September 30, 2026, Northland Capital Markets maintained its Outperform rating with a price target of $220. B of A Securities also kept its Buy rating with a $210 target. Truist Securities maintained a Hold rating with a target of $182, while JP Morgan reiterated its Overweight rating with a new target of $190, down from $230.

About BWX Technologies

BWX Technologies, Inc. manufactures and sells nuclear components both in the U.S. and internationally. The company operates mainly in the government and commercial sectors, providing essential products and services in aerospace and defense.

Bottom Line

Investors should monitor BWX Technologies closely as it prepares to report earnings on November 2, 2026. The recent filing by Tema Etfs shows a significant shift in holdings, and market conditions appear challenging with the stock trading well below its historical highs. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.