CLODETF / FundThemes Cloud Computing ETF
Verdicts genuinely change. Free email alert the moment CLOD's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Themes Cloud Computing ETF · Themes ETF Trust
52 holdings · as of 2026-06-30 (4.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 14.47% of portfolio weight is in non-compliant holdings, over the 5% threshold.
52 holdings, 45 matched (96% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
2.18% of this portfolio’s income is non-permissible — weighted across holdings, computed over 94% of portfolio weight (43 of 52 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
69.6% compliant 11.6% questionable 14.5% non-compliant 4.2% unscreened
All holdings (52)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PANW Palo Alto Networks Inc | COMPLIANT | 7.52% | AAOIFI0.3% Usmani1.6% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic1.6% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| CRWD Crowdstrike Holdings Inc | COMPLIANT | 7.12% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| APP AppLovin Corp | COMPLIANT | 5.02% | AAOIFI3.9% Usmani42.5% Dow Jones Islamic2.5% S&P Shariah3.4% MSCI Islamic42.5% MSCI Islamic M-Series3.4% FTSE Shariah42.5% |
| GOOG Alphabet Inc | QUESTIONABLE | 4.14% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| CDNS Cadence Design Systems Inc | COMPLIANT | 4.12% | AAOIFI0.3% Usmani1.9% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| NOW ServiceNow Inc | COMPLIANT | 4.09% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| ORCL Oracle Corp | NON_COMPLIANT | 3.92% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| FTNT Fortinet Inc | COMPLIANT | 3.81% | AAOIFI0.4% Usmani4.6% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.6% MSCI Islamic M-Series0.8% FTSE Shariah4.6% |
| AMZN Amazon.com Inc | QUESTIONABLE | 3.77% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| MSFT Microsoft Corp | QUESTIONABLE | 3.72% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| SAP SAP SE | COMPLIANT | 3.47% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| SNOW Snowflake Inc | COMPLIANT | 3.38% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| CRM Salesforce Inc | COMPLIANT | 3.38% | AAOIFI20.9% Usmani38.1% Dow Jones Islamic18.3% S&P Shariah17.8% MSCI Islamic38.1% MSCI Islamic M-Series17.8% FTSE Shariah35.8% |
| SNPS Synopsys Inc | COMPLIANT | 3.36% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| DDOG Datadog Inc | NON_COMPLIANT | 3.30% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| ADBE Adobe Inc | COMPLIANT | 3.25% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| MELI MercadoLibre Inc | COMPLIANT | 3.21% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| NET Cloudflare Inc | NON_COMPLIANT | 3.08% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| INTU Intuit Inc | COMPLIANT | 2.68% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
| Nebius Group NV | UNSCREENED | 2.26% | no in-house ratios for this holding |
| PRX.AS Prosus NV | NON_COMPLIANT | 2.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADSK Autodesk Inc | COMPLIANT | 1.64% | AAOIFI8.4% Usmani28.7% Dow Jones Islamic6.4% S&P Shariah6.7% MSCI Islamic28.7% MSCI Islamic M-Series6.7% FTSE Shariah26.9% |
| PAYX Paychex Inc | COMPLIANT | 1.28% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| TWLO Twilio Inc | COMPLIANT | 1.15% | AAOIFI3.1% Usmani9.8% Dow Jones Islamic5.4% S&P Shariah6.4% MSCI Islamic9.8% MSCI Islamic M-Series6.4% FTSE Shariah9.2% |
| MSTR Strategy Inc | COMPLIANT | 1.12% | AAOIFI12.5% Usmani12.9% Dow Jones Islamic7.5% S&P Shariah9.4% MSCI Islamic12.9% MSCI Islamic M-Series9.4% FTSE Shariah12.8% |
| MDB MongoDB Inc | COMPLIANT | 1.08% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| WDAY Workday Inc | COMPLIANT | 1.03% | AAOIFI8.4% Usmani23.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic23.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8% |
| FFIV F5 Inc | COMPLIANT | 0.94% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| OKTA Okta Inc | COMPLIANT | 0.93% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| ZM Zoom Communications Inc | COMPLIANT | 0.93% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.4% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| VRSN VeriSign Inc | COMPLIANT | 0.77% | AAOIFI0.0% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HEXA-B.ST Hexagon AB | COMPLIANT | 0.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AKAM Akamai Technologies Inc | NON_COMPLIANT | 0.66% | AAOIFI76.7% Usmani60.8% Dow Jones Islamic68.2% S&P Shariah65.1% MSCI Islamic60.8% MSCI Islamic M-Series65.1% FTSE Shariah48.7% |
| Dassault Systemes SE | UNSCREENED | 0.56% | no in-house ratios for this holding |
| ZS Zscaler Inc | COMPLIANT | 0.56% | AAOIFI7.7% Usmani23.6% Dow Jones Islamic5.6% S&P Shariah5.9% MSCI Islamic23.6% MSCI Islamic M-Series5.9% FTSE Shariah21.6% |
| RMBS Rambus Inc | COMPLIANT | 0.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DT Dynatrace Inc | COMPLIANT | 0.52% | AAOIFI1.1% Usmani3.9% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic3.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| NTNX Nutanix Inc | COMPLIANT | 0.49% | AAOIFI8.3% Usmani30.0% Dow Jones Islamic9.2% S&P Shariah9.9% MSCI Islamic29.9% MSCI Islamic M-Series9.9% FTSE Shariah26.6% |
| HUT Hut 8 Corp | NON_COMPLIANT | 0.45% | AAOIFI3.8% Usmani4.4% Dow Jones Islamic9.3% S&P Shariah12.7% MSCI Islamic4.4% MSCI Islamic M-Series12.7% FTSE Shariah4.1% |
| Check Point Software Technolog | UNSCREENED | 0.43% | no in-house ratios for this holding |
| GDDY GoDaddy Inc | NON_COMPLIANT | 0.41% | AAOIFI32.7% Usmani48.0% Dow Jones Islamic19.7% S&P Shariah20.9% MSCI Islamic48.0% MSCI Islamic M-Series20.9% FTSE Shariah47.2% |
| SGE.L Sage Group PLC/The | COMPLIANT | 0.40% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| APLD Applied Digital Corp | NON_COMPLIANT | 0.38% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| CACI International Inc | UNSCREENED | 0.37% | no in-house ratios for this holding |
| DOCN DigitalOcean Holdings Inc | COMPLIANT | 0.37% | AAOIFI9.5% Usmani58.0% Dow Jones Islamic23.7% S&P Shariah28.5% MSCI Islamic44.8% MSCI Islamic M-Series28.5% FTSE Shariah29.5% |
| HUBS HubSpot Inc | COMPLIANT | 0.37% | AAOIFI5.0% Usmani17.3% Dow Jones Islamic2.6% S&P Shariah2.4% MSCI Islamic17.3% MSCI Islamic M-Series2.4% FTSE Shariah10.5% |
| Cipher Digital Inc | UNSCREENED | 0.32% | no in-house ratios for this holding |
| IDCC InterDigital Inc | COMPLIANT | 0.27% | AAOIFI4.6% Usmani18.3% Dow Jones Islamic6.0% S&P Shariah7.5% MSCI Islamic18.3% MSCI Islamic M-Series7.5% FTSE Shariah17.8% |
| First American Treasury Obliga | UNSCREENED | 0.20% | no in-house ratios for this holding |
| DBX Dropbox Inc | NON_COMPLIANT | 0.16% | AAOIFI5.2% Usmani23.2% Dow Jones Islamic6.0% S&P Shariah6.2% MSCI Islamic13.3% MSCI Islamic M-Series6.2% FTSE Shariah0.0% |
| OCTV Octave Intelligence PLC | COMPLIANT | 0.13% | AAOIFI10.1% Usmani8.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic8.7% MSCI Islamic M-Series— FTSE Shariah7.9% |
| Wix.com Ltd | UNSCREENED | 0.09% | no in-house ratios for this holding |
The published standards disagree about this fund by 35 points of portfolio weight — 80.4% of it passes Dow Jones Islamic, 45.3% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 76.2% ratios fail on 14.6% 9.2% not rated under AAOIFI
ratios pass on 56.3% ratios fail on 28.3% 15.4% not rated under Usmani
ratios pass on 80.4% ratios fail on 10.2% 9.3% not rated under Dow Jones Islamic
ratios pass on 76.5% ratios fail on 14.2% 9.3% not rated under S&P Shariah
ratios pass on 45.3% ratios fail on 36.8% 17.9% not rated under MSCI Islamic
ratios pass on 76.5% ratios fail on 14.2% 9.3% not rated under MSCI Islamic M-Series
ratios pass on 56.6% ratios fail on 27.9% 15.4% not rated under FTSE Shariah
45 of 52 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 40 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Themes Cloud Computing ETF (CLOD) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for CLOD — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 41.70 | NEUTRAL |
| Stochastic %K (14) | 20.94 | NEUTRAL |
| CCI (20) | -57.57 | NEUTRAL |
| Williams %R (14) | -79.06 | NEUTRAL |
| MACD (12,26,9) | -0.08 | SELL |
| ROC (10) | -0.99 | SELL |
| Momentum (10) | -0.33 | SELL |
| EMA (10) | 33.26 | SELL |
| SMA (10) | 32.89 | BUY |
| EMA (20) | 33.81 | SELL |
| SMA (20) | 34.08 | SELL |
| EMA (30) | 34.13 | SELL |
| SMA (30) | 34.72 | SELL |
| EMA (50) | 34.27 | SELL |
| SMA (50) | 34.82 | SELL |
| EMA (100) | 33.72 | SELL |
| SMA (100) | 33.80 | SELL |
| EMA (200) | 32.22 | BUY |
| SMA (200) | 31.18 | BUY |
About Themes Cloud Computing ETF
The index is designed to provide exposure to companies that have business operations in the field of cloud computing based in developed market countries. The fund will invest, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that comprise the index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) based on the securities in the index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 44 |
| ⏲ 5-Min | NEUTRAL | 16 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.