# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0001145549-25-054764
**Filing Date:** 2025-8
**Character Count:** 36783
**Document Hash:** 1dc2d5b7d297b54b001b8e0689ff61e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054764.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054764

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Themes ETF Trust
- **CENTRAL INDEX KEY:** 0001976322

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23872
- **FILM NUMBER:** 251264410

**BUSINESS ADDRESS:**
- **STREET 1:** 34 EAST PUTNAM STREET
- **STREET 2:** SUITE 112
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830
- **BUSINESS PHONE:** (646) 206-1788

**MAIL ADDRESS:**
- **STREET 1:** 34 EAST PUTNAM STREET
- **STREET 2:** SUITE 112
- **CITY:** GREENWICH
- **STATE:** CT
- **ZIP:** 06830

## Series and Classes Contracts Data

### Themes US Small Cap Cash Flow Champions ETF (Series ID: S000081034)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000243673 | Themes US Small Cap Cash Flow Champions ETF | SMCF            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes US Small Cap Cash Flow Champions ETF** | **Themes US Small Cap Cash Flow Champions ETF** | **Themes US Small Cap Cash Flow Champions ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.6%** | **Shares** | **Value**  |
| **Banking - 21.6%** | **Banking - 21.6%** | |
| Ameris Bancorp | 909 | $58812 |
| Axos Financial, Inc. <sup>(a)</sup> | 717 | 54521 |
| Bancorp, Inc. <sup>(a)</sup> | 613 | 34923 |
| Bank OZK | 1478 | 69555 |
| East West Bancorp, Inc. | 1927 | 194588 |
| Eastern Bankshares, Inc. | 2731 | 41702 |
| FB Financial Corp. | 488 | 22106 |
| First BanCorp Puerto Rico | 2230 | 46451 |
| Hope Bancorp, Inc. | 1600 | 17168 |
| International Bancshares Corp. | 741 | 49321 |
| Live Oak Bancshares, Inc. | 474 | 14125 |
| OFG Bancorp | 627 | 26836 |
| S&T Bancorp, Inc. | 535 | 20234 |
| Simmons First National Corp. - Class A | 1716 | 32535 |
| Synovus Financial Corp. | 1962 | 101533 |
| UMB Financial Corp. | 922 | 96958 |
| WSFS Financial Corp. | 811 | 44605 |
|  |  | 925973 |
| **Consumer Discretionary Products - 4.7%** | **Consumer Discretionary Products - 4.7%** |  |
| Toll Brothers, Inc. | 1396 | 159325 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 1270 | 40577 |
|  |  | 199902 |
| **Consumer Discretionary Services - 0.6%** | **Consumer Discretionary Services - 0.6%** |  |
| Perdoceo Education Corp. | 856 | 27983 |
| **Consumer Staple Products - 1.4%** | **Consumer Staple Products - 1.4%** |  |
| Cal-Maine Foods, Inc. | 588 | 58582 |
| **Financial Services - 7.8%** | **Financial Services - 7.8%** |  |
| Artisan Partners Asset Management, Inc. - Class A | 889 | 39409 |
| BGC Group, Inc. - Class A | 4896 | 50086 |
| Bread Financial Holdings, Inc. | 689 | 39356 |
| Enova International, Inc. <sup>(a)</sup> | 349 | 38921 |
| MGIC Investment Corp. | 3491 | 97189 |
| Virtu Financial, Inc. - Class A | 1129 | 50568 |
| Virtus Investment Partners, Inc. | 94 | 17052 |
|  |  | 332581 |
| **Health Care - 0.4%** | **Health Care - 0.4%** |  |
| Dynavax Technologies Corp. <sup>(a)</sup> | 1822 | 18074 |
| **Industrial Products - 3.6%** | **Industrial Products - 3.6%** |  |
| Mueller Industries, Inc. | 1571 | 124847 |
| Powell Industries, Inc. | 132 | 27780 |
|  |  | 152627 |
| **Industrial Services - 5.2%** | **Industrial Services - 5.2%** |  |
| FLEX LNG Ltd. | 412 | 9056 |
| Insperity, Inc. | 491 | 29519 |
| Matson, Inc. | 452 | 50330 |
| Scorpio Tankers, Inc. | 636 | 24886 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 412 | 95061 |
| Teekay Tankers Ltd. | 351 | 14644 |
|  |  | 223496 |
| **Insurance - 18.7%** | **Insurance - 18.7%** |  |
| Axis Capital Holdings Ltd. | 1058 | 109841 |
| CNA Financial Corp. | 296 | 13773 |
| F&G Annuities & Life, Inc. | 269 | 8603 |
| Hanover Insurance Group, Inc. | 497 | 84425 |
| Horace Mann Educators Corp. | 565 | 24278 |
| Jackson Financial, Inc. - Class A | 1015 | 90122 |
| Mercury General Corp. | 370 | 24916 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | 1073 | 45270 |
| Old Republic International Corp. | 3220 | 123777 |
| Reinsurance Group of America, Inc. | 920 | 182491 |
| SiriusPoint Ltd. <sup>(a)</sup> | 1376 | 28057 |
| White Mountains Insurance Group Ltd. | 35 | 62850 |
|  |  | 798403 |
| **Materials - 5.5%** | **Materials - 5.5%** |  |
| Alpha Metallurgical Resources, Inc. <sup>(a)</sup> | 152 | 17097 |
| Boise Cascade Co. | 530 | 46015 |
| Core Natural Resources, Inc. | 715 | 49864 |
| Peabody Energy Corp. | 1583 | 21244 |
| Ternium SA - ADR | 643 | 19354 |
| UFP Industries, Inc. | 819 | 81376 |
|  |  | 234950 |
| **Media - 1.0%** | **Media - 1.0%** |  |
| Magnite, Inc. <sup>(a)</sup> | 1802 | 43464 |
| **Oil & Gas - 16.1%** | **Oil & Gas - 16.1%** |  |
| APA Corp. | 5026 | 91926 |
| Chord Energy Corp. | 858 | 83097 |
| Civitas Resources, Inc. | 1152 | 31703 |
| CVR Energy, Inc. | 471 | 12646 |
| DNOW, Inc. <sup>(a)</sup> | 1445 | 21429 |
| Hess Midstream LP - Class A | 1463 | 56340 |
| HF Sinclair Corp. | 2171 | 89185 |
| Matador Resources Co. | 1632 | 77879 |
| Murphy Oil Corp. | 1937 | 43582 |
| Permian Resources Corp. | 7909 | 107721 |
| RPC, Inc. | 1205 | 5700 |
| Sitio Royalties Corp. - Class A | 1056 | 19409 |
| Weatherford International PLC | 989 | 49757 |
|  |  | 690374 |
| **Retail & Wholesale - Discretionary - 5.6%** | **Retail & Wholesale - Discretionary - 5.6%** |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 1572 | 183437 |
| Dillard's, Inc. - Class A | 110 | 45961 |
| PC Connection, Inc. | 156 | 10262 |
|  |  | 239660 |
| **Retail & Wholesale - Staples - 0.4%** | **Retail & Wholesale - Staples - 0.4%** |  |
| Andersons, Inc. | 450 | 16537 |
| **Software & Technology Services - 0.8%** | **Software & Technology Services - 0.8%** |  |
| Clear Secure, Inc. - Class A | 1179 | 32729 |
| **Tech Hardware & Semiconductors - 6.2%** | **Tech Hardware & Semiconductors - 6.2%** |  |
| Flex Ltd. <sup>(a)</sup> | 5362 | 267671 |
| **TOTAL COMMON STOCKS** (Cost $4,445,327) | **TOTAL COMMON STOCKS** (Cost $4,445,327) | 4263006 |
| **SHORT-TERM INVESTMENTS - 0.4%** |  | **Value**  |
| **Money Market Funds - 0.4%** | **<u>Shares</u>** |  |
| First American Treasury Obligations Fund - Class X, 4.24% <sup>(b)</sup> | 15026 | 15026 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $15,026) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $15,026) | 15026 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $4,460,353**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $4,460,353**)** | 4278032 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | 1391 |
| **TOTAL NET ASSETS - 100.0%** |  | $4279423 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ADR - American Depositary Receipt <br> LP - Limited Partnership <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

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

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Themes US Small Cap Cash Flow Champions ETF 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 4263006 |  |  | 4263006 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 15026 |  |  | 15026 |
| Total Investments | 4278032 |  |  | 4278032 |
| 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:** Themes ETF Trust

- **b. Investment Company Act file number:** 811-23872

- **c. CIK number of Registrant:** 0001976322

- **d. LEI of Registrant:** 529900NYKGD1N3B8DB45

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

  - **Street Address 1:** 34 East Putnam Avenue

  - **City:** Greenwich

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06830

  - **Telephone number:** 646-206-1788

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

- **a. Name of Series:** Themes US Small Cap Cash Flow Champions ETF

- **b. EDGAR series identifier (if any):** S000081034

- **c. LEI of Series:** 529900NWUI6U4GVZDC68

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $4280427.97

**Total Liabilities:** $1005.31

**Net Assets:** $4279422.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243673 | -6.03%               | 5.57%                | 6.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-45244.62               | $-194474.80                                |
| Month 2  | $0.00                    | $200990.41                                 |
| Month 3  | $0.00                    | $264881.33                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Core Natural Resources Inc     | Core Natural Resources Inc               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       715 | NS      | $49864.24     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                  | Insperity Inc                            | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |       491 | NS      | $29518.92     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                     | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      1632 | NS      | $77879.04     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Grou | White Mountains Insurance Group Ltd      | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |        35 | NS      | $62850.20     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc         | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |       920 | NS      | $182491.20    | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp    | Simmons First National Corp              | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |      1716 | NS      | $32535.36     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc             | UFP Industries Inc                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |       819 | NS      | $81375.84     | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc            | Scorpio Tankers Inc                      | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MC        |       636 | NS      | $24886.68     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc               | Hope Bancorp Inc                         | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |      1600 | NS      | $17168.00     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                | S&T Bancorp Inc                          | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       535 | NS      | $20233.70     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp         | Synovus Financial Corp                   | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      1962 | NS      | $101533.50    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc             | Axos Financial Inc                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |       717 | NS      | $54520.68     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp             | CNA Financial Corp                       | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |       296 | NS      | $13772.88     | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc            | Cal-Maine Foods Inc                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |       588 | NS      | $58582.44     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc          | Civitas Resources Inc                    | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      1152 | NS      | $31703.04     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc               | Clear Secure Inc                         | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1179 | NS      | $32729.04     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp      | Dynavax Technologies Corp                | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |      1822 | NS      | $18074.24     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp              | FB Financial Corp                        | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |       488 | NS      | $22106.40     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     15026 | NS      | $15025.84     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | Hess Midstream LP                        | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1463 | NS      | $56340.13     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc        | Live Oak Bancshares Inc                  | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       474 | NS      | $14125.20     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                    | Magnite Inc                              | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |      1802 | NS      | $43464.24     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW Inc                                 | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |      1445 | NS      | $21429.35     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd      | Axis Capital Holdings Ltd                | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |      1058 | NS      | $109841.56    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LNG Ltd                   | FLEX LNG Ltd                             | CUSIP: N/A<br>LEI: 21380084THHU3MPC3647       | Long             | EC               | CORP              | NO        |       412 | NS      | $9055.76      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources  | Alpha Metallurgical Resources Inc        | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       152 | NS      | $17096.96     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group Inc                  | BGC Group Inc                            | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |      4896 | NS      | $50086.08     | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc       | Builders FirstSource Inc                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      1572 | NS      | $183436.68    | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc               | NMI Holdings Inc                         | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      1073 | NS      | $45269.87     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Cor | Old Republic International Corp          | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      3220 | NS      | $123776.80    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      1396 | NS      | $159325.48    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                | SiriusPoint Ltd                          | CUSIP: N/A<br>LEI: 549300OGXFI85N3YZZ51       | Long             | EC               | CORP              | BM        |      1376 | NS      | $28056.64     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                 | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      5026 | NS      | $91925.54     | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co               | Boise Cascade Co                         | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |       530 | NS      | $46014.60     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                  | Dillard's Inc                            | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       110 | NS      | $45961.30     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp        | Perdoceo Education Corp                  | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |       856 | NS      | $27982.64     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp         | Permian Resources Corp                   | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |      7909 | NS      | $107720.58    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sitio Royalties Corp           | Sitio Royalties Corp                     | CUSIP: 82983N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1056 | NS      | $19409.28     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp            | WSFS Financial Corp                      | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |       811 | NS      | $44605.00     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC  | Weatherford International PLC            | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | US        |       989 | NS      | $49756.59     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc              | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       412 | NS      | $95060.76     | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc           | Tri Pointe Homes Inc                     | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1270 | NS      | $40576.50     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium SA                     | Ternium SA                               | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |       643 | NS      | $19354.30     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd             | Teekay Tankers Ltd                       | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |       351 | NS      | $14643.72     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                 | Ameris Bancorp                           | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |       909 | NS      | $58812.30     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                | Bancorp Inc/The                          | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |       613 | NS      | $34922.61     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc          | East West Bancorp Inc                    | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1927 | NS      | $194588.46    | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp           | Mercury General Corp                     | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |       370 | NS      | $24915.80     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      1571 | NS      | $124847.37    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                | Murphy Oil Corp                          | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |      1937 | NS      | $43582.50     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp            | Peabody Energy Corp                      | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      1583 | NS      | $21243.86     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc          | Powell Industries Inc                    | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |       132 | NS      | $27779.40     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                       | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |       922 | NS      | $96957.52     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc            | Virtu Financial Inc                      | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |      1129 | NS      | $50567.91     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc | Virtus Investment Partners Inc           | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |        94 | NS      | $17051.60     | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc         | Eastern Bankshares Inc                   | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |      2731 | NS      | $41702.37     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc       | F&G Annuities & Life Inc                 | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       269 | NS      | $8602.62      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp               | HF Sinclair Corp                         | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      2171 | NS      | $89184.68     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp  | International Bancshares Corp            | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |       741 | NS      | $49320.96     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc   | Bread Financial Holdings Inc             | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       689 | NS      | $39355.68     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The              | Andersons Inc/The                        | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |       450 | NS      | $16537.50     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem | Artisan Partners Asset Management Inc    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |       889 | NS      | $39409.37     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                       | Bank OZK                                 | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      1478 | NS      | $69554.68     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                 | CVR Energy Inc                           | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |       471 | NS      | $12646.35     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International Inc                  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |       349 | NS      | $38920.48     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico      | First BanCorp/Puerto Rico                | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |      2230 | NS      | $46450.90     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th | Hanover Insurance Group Inc/The          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |       497 | NS      | $84425.39     | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp     | Horace Mann Educators Corp               | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |       565 | NS      | $24278.05     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc          | Jackson Financial Inc                    | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      1015 | NS      | $90121.85     | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp           | MGIC Investment Corp                     | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      3491 | NS      | $97189.44     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                               | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       452 | NS      | $50330.20     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                    | OFG Bancorp                              | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |       627 | NS      | $26835.60     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp              | Chord Energy Corp                        | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       858 | NS      | $83097.30     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection Inc                        | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |       156 | NS      | $10261.68     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC Inc                                  | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1205 | NS      | $5699.65      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                       | Flex Ltd                                 | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | US        |      5362 | NS      | $267671.04    | 6.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Themes ETF Trust

**Signature:** /s/ Dobromir Kamburov

**Name of Signer:** Dobromir Kamburov

**Title:** Treasurer