# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-010291
**Filing Date:** 2026-3
**Character Count:** 20170
**Document Hash:** 6dc2faf4858db5b99777dbba2435e807
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-010291.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000894189-26-010291

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 26818096

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### The Acquirers Fund (Series ID: S000065204)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000211051 | The Acquirers Fund | ZIG             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **The Acquirers Fund** | **The Acquirers Fund** | **The Acquirers Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.8%** | **Shares** | **Value**  |
| **Communications - 3.2%** | **Communications - 3.2%** | |
| VeriSign, Inc. | 4371 | $1067529 |
| **Consumer, Cyclical - 28.3% <sup>(a)</sup>** | **Consumer, Cyclical - 28.3% <sup>(a)</sup>** |  |
| Bath & Body Works, Inc. | 54330 | 1184394 |
| Buckle, Inc. | 19289 | 912370 |
| Crocs, Inc. <sup>(b)</sup> | 12118 | 1016943 |
| Deckers Outdoor Corp. <sup>(b)</sup> | 10848 | 1294600 |
| Dillard's, Inc. - Class A | 1656 | 1006119 |
| Domino's Pizza, Inc. | 2484 | 1019260 |
| Lululemon Athletica, Inc. <sup>(b)</sup> | 5107 | 891171 |
| Williams-Sonoma, Inc. | 5626 | 1151361 |
| Yum! Brands, Inc. | 6899 | 1072795 |
|  |  | 9549013 |
| **Consumer, Non-cyclical - 15.4%** | **Consumer, Non-cyclical - 15.4%** |  |
| Altria Group, Inc. | 18337 | 1136711 |
| BellRing Brands, Inc. <sup>(b)</sup> | 37154 | 924020 |
| Cal-Maine Foods, Inc. | 12466 | 1041285 |
| H&R Block, Inc. | 24680 | 973626 |
| National Beverage Corp. <sup>(b)</sup> | 32988 | 1124231 |
|  |  | 5199873 |
| **Energy - 17.6%** | **Energy - 17.6%** |  |
| APA Corp. | 44034 | 1162938 |
| Chord Energy Corp. | 11788 | 1181629 |
| Devon Energy Corp. | 29661 | 1192669 |
| Magnolia Oil & Gas Corp. - Class A | 48920 | 1247949 |
| Matador Resources Co. | 25770 | 1165835 |
|  |  | 5951020 |
| **Financial - 6.2%** | **Financial - 6.2%** |  |
| Artisan Partners Asset Management, Inc. - Class A | 25853 | 1150976 |
| Synchrony Financial | 12740 | 925306 |
|  |  | 2076282 |
| **Industrial - 29.1% <sup>(a)</sup>** | **Industrial - 29.1% <sup>(a)</sup>** |  |
| Boise Cascade Co. | 14358 | 1160270 |
| Builders FirstSource, Inc. <sup>(b)</sup> | 10362 | 1185413 |
| Hafnia Ltd. | 200203 | 1229246 |
| Louisiana-Pacific Corp. | 13443 | 1125717 |
| Matson, Inc. | 8584 | 1376015 |
| Mueller Industries, Inc. | 9381 | 1277129 |
| Old Dominion Freight Line, Inc. | 6856 | 1187459 |
| Trex Co., Inc. <sup>(b)</sup> | 30404 | 1259334 |
|  |  | 9800583 |
| **TOTAL COMMON STOCKS** (Cost $33,666,708) | **TOTAL COMMON STOCKS** (Cost $33,666,708) | 33644300 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.0% <sup>(c)</sup>** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.61% <sup>(d)</sup> | 5000 | 5000 |
| First American Treasury Obligations Fund - Class X, 3.59% <sup>(d)</sup> | 5000 | 5000 |
| **TOTAL MONEY MARKET FUNDS** (Cost $10,000) | **TOTAL MONEY MARKET FUNDS** (Cost $10,000) | 10000 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $33,676,708**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $33,676,708**)** | 33654300 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 83608 |
| **TOTAL NET ASSETS - 100.0%** |  | $33737908 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(b) Non-income producing security.

(c) Represents less than 0.05% of net assets.

(d) The rate shown represents the 7-day annualized yield as of January 31, 2026.

------

#### <br>

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
The Acquirers Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $33644300 | $– | $– | $33644300 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 10000 | – | – | 10000 |
| Total Investments | $33654300 | $– | $– | $33654300 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

**Item A.2. Information about the Series.**

- **a. Name of Series:** The Acquirers Fund

- **b. EDGAR series identifier (if any):** S000065204

- **c. LEI of Series:** 549300HVWWSTHI0ODM56

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $33759165.46

**Total Liabilities:** $21257.39

**Net Assets:** $33737908.07

**Cash Not Reported:** $80644.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211051 | 2.27%                | -0.48%               | 6.16%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $695004.96                                 |
| Month 2  | $-502694.79              | $261594.51                                 |
| Month 3  | $91214.37                | $1818525.65                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Devon Energy Corp              | Devon Energy Corp                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     29661 | NS      | $1192668.81   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                  | Dillard's Inc                              | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      1656 | NS      | $1006119.36   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      9381 | NS      | $1277129.34   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp         | National Beverage Corp                     | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     32988 | NS      | $1124231.04   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                | Yum! Brands Inc                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      6899 | NS      | $1072794.50   | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc       | Builders FirstSource Inc                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     10362 | NS      | $1185412.80   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp           | Deckers Outdoor Corp                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     10848 | NS      | $1294600.32   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc        | Lululemon Athletica Inc                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |      5107 | NS      | $891171.50    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      4371 | NS      | $1067529.33   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc               | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     18337 | NS      | $1136710.63   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp        | Magnolia Oil & Gas Corp                    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48920 | NS      | $1247949.20   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      8584 | NS      | $1376015.20   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp              | Chord Energy Corp                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     11788 | NS      | $1181629.12   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hafnia Ltd                     | Hafnia Ltd                                 | CUSIP: N/A<br>LEI: 5493001KCFT0SCGJ2647       | Long             | EC               | CORP              | SG        |    200203 | NS      | $1229246.42   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem | Artisan Partners Asset Management Inc      | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     25853 | NS      | $1150975.56   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                 | Buckle Inc/The                             | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     19289 | NS      | $912369.70    | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc            | Cal-Maine Foods Inc                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     12466 | NS      | $1041284.98   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                      | Crocs Inc                                  | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     12118 | NS      | $1016942.56   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp         | Louisiana-Pacific Corp                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     13443 | NS      | $1125716.82   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     44034 | NS      | $1162937.94   | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands Inc                        | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     37154 | NS      | $924019.98    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co               | Boise Cascade Co                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     14358 | NS      | $1160269.98   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |      5000 | NS      | $5000.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |      5000 | NS      | $5000.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                                | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30404 | NS      | $1259333.68   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc            | Williams-Sonoma Inc                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      5626 | NS      | $1151360.90   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc          | Bath & Body Works Inc                      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     54330 | NS      | $1184394.00   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                  | H&R Block Inc                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     24680 | NS      | $973626.00    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     25770 | NS      | $1165834.80   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      6856 | NS      | $1187459.20   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial            | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     12740 | NS      | $925306.20    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc             | Domino's Pizza Inc                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      2484 | NS      | $1019259.72   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer