# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0000894189-26-001075
**Filing Date:** 2026-1
**Character Count:** 21191
**Document Hash:** f01bb07b9d08bd481adec29699dfd509
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-001075.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0000894189-26-001075

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tema ETF Trust
- **CENTRAL INDEX KEY:** 0001944285

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23823
- **FILM NUMBER:** 26548816

**BUSINESS ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 3024994928 EXT. 801

**MAIL ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

## Series and Classes Contracts Data

### Tema American Reshoring ETF (Series ID: S000078298)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000239058 | Tema American Reshoring ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tema American Reshoring ETF** | **Tema American Reshoring ETF** | **Tema American Reshoring ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.0%** | **Shares** | **Value**  |
| **Building Products - 2.6%** | **Building Products - 2.6%** | |
| Modine Manufacturing Co. <sup>(a)</sup> | 28449 | $4612436 |
| **Chemicals - 2.9%** | **Chemicals - 2.9%** |  |
| Linde PLC | 11771 | 4829877 |
| Solstice Advanced Materials, Inc. <sup>(a)</sup> | 6310 | 300861 |
|  |  | 5130738 |
| **Commercial Services & Supplies - 1.4%** | **Commercial Services & Supplies - 1.4%** |  |
| Clean Harbors, Inc. <sup>(a)</sup> | 10979 | 2498381 |
| **Construction & Engineering - 4.3%** | **Construction & Engineering - 4.3%** |  |
| API Group Corp. <sup>(a)</sup> | 194613 | 7698890 |
| **Construction Materials - 7.5%** | **Construction Materials - 7.5%** |  |
| CRH PLC | 56332 | 6757587 |
| Vulcan Materials Co. | 21968 | 6529768 |
|  |  | 13287355 |
| **Electrical Equipment - 19.5%** | **Electrical Equipment - 19.5%** |  |
| ABB Ltd. | 83628 | 6010470 |
| Eaton Corp. PLC | 16549 | 5724134 |
| Emerson Electric Co. | 13361 | 1782090 |
| Powell Industries, Inc. | 30189 | 9757688 |
| Rockwell Automation, Inc. | 29154 | 11540902 |
|  |  | 34815284 |
| **Electronic Equipment, Instruments & Components - 5.1%** | **Electronic Equipment, Instruments & Components - 5.1%** |  |
| Cognex Corp. | 240756 | 9172804 |
| **Industrial Conglomerates - 2.7%** | **Industrial Conglomerates - 2.7%** |  |
| Honeywell International, Inc. | 25241 | 4851068 |
| **Life Sciences Tools & Services - 3.0%** | **Life Sciences Tools & Services - 3.0%** |  |
| Lonza Group AG | 7866 | 5387000 |
| **Machinery - 32.8% <sup>(b)</sup>** | **Machinery - 32.8% <sup>(b)</sup>** |  |
| Atmus Filtration Technologies, Inc. | 88977 | 4503126 |
| Caterpillar, Inc. | 20099 | 11572200 |
| Ingersoll Rand, Inc. | 88610 | 7118928 |
| Parker-Hannifin Corp. | 10280 | 8858276 |
| SPX Technologies, Inc. <sup>(a)</sup> | 36260 | 7797350 |
| Terex Corp. | 181174 | 8372051 |
| Timken Co. | 125139 | 10185063 |
|  |  | 58406994 |
| **Metals & Mining - 6.0%** | **Metals & Mining - 6.0%** |  |
| ATI, Inc. <sup>(a)</sup> | 77353 | 7797183 |
| Commercial Metals Co. | 44936 | 2866018 |
|  |  | 10663201 |
| **Semiconductors & Semiconductor Equipment - 1.3%** | **Semiconductors & Semiconductor Equipment - 1.3%** |  |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 8185 | 2386009 |
| **Trading Companies & Distributors - 9.9%** | **Trading Companies & Distributors - 9.9%** |  |
| Applied Industrial Technologies, Inc. | 37055 | 9590575 |
| Fastenal Co. | 130770 | 5283108 |
| Herc Holdings, Inc. | 20533 | 2756966 |
|  |  | 17630649 |
| **TOTAL COMMON STOCKS** (Cost $151,060,860) | **TOTAL COMMON STOCKS** (Cost $151,060,860) | 176540809 |
| **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  | **SHORT-TERM INVESTMENTS**<br> ****  |
| **MONEY MARKET FUNDS - 0.9%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.91% <sup>(c)</sup> | 1613974 | 1613974 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,613,974) | **TOTAL MONEY MARKET FUNDS** (Cost $1,613,974) | 1613974 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $152,674,834**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $152,674,834**)** | 178154783 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 135036 |
| **TOTAL NET ASSETS - 100.0%** |  | $178289819 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

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

(a) Non-income producing security.

(b) 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.

(c) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### Tema ETF Trust

#### Tema American Reshoring ETF
Notes to Quarterly Schedule of Investments

November 30, 2025 (Unaudited)

#### Investment Valuation
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund's (observable inputs) and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs).

The three levels defined by the hierarchy are as follows:

**• Level 1** — Quoted prices in active markets for identical assets that the Fund's have the ability to access.

**• Level 2** — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

**• Level 3** — Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's investments as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
| **Investments:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $176540809 | $– | $– | $176540809 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1613974 | – | – | 1613974 |
| **Total Investments** | $178154783 | $– | $– | $178154783 |
| 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. |

---

---

| |
|:---|
| **Allocation of Portfolio Holdings by Country as of November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| United States | $151889583 | 85.3% |
| Ireland | 12481721 | 7.0 |
| Switzerland | 11397470 | 6.3 |
| Taiwan | 2386009 | 1.3 |
| Other Assets in Excess of Liabilities | 135036 | 0.1 |
|  | $**178289819** | 100.0<br> **%** |

---

---

| |
|:---|
| **Sector Classification as of November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| Industrials | $133698449 | 75.0% |
| Materials | 21284111 | 12.0 |
| Information Technology | 11558813 | 6.4 |
| Health Care | 5387000 | 3.0 |
| Consumer Discretionary | 4612436 | 2.6 |
| Money Market Funds | 1613974 | 0.9 |
| Other Assets in Excess of Liabilities | 135036 | 0.1 |
|  | $**178289819** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tema ETF Trust

- **b. Investment Company Act file number:** 811-23823

- **c. CIK number of Registrant:** 0001944285

- **d. LEI of Registrant:** 549300JKGDXNE2CLUY37

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

  - **Street Address 1:** 200 Vesey Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10281

  - **Telephone number:** 3024994928 EXT 801

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

- **a. Name of Series:** Tema American Reshoring ETF

- **b. EDGAR series identifier (if any):** S000078298

- **c. LEI of Series:** 549300E0RPLRINA1AM73

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $178397186.31

**Total Liabilities:** $107374.06

**Net Assets:** $178289812.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239058 | 2.31%                | 2.77%                | 0.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $457618.18               | $3453598.11                                |
| Month 2  | $236199.29               | $4592670.05                                |
| Month 3  | $77885.38                | $-220908.63                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Applied Industrial Technologie | Applied Industrial Technologies Inc       | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     37055 | NS      | $9590575.10   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                    | Cognex Corp                               | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    240756 | NS      | $9172803.60   | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp           | Parker-Hannifin Corp                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     10280 | NS      | $8858276.00   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc          | Powell Industries Inc                     | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     30189 | NS      | $9757688.58   | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1613974 | NS      | $1613973.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                     | Terex Corp                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |    181174 | NS      | $8372050.54   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                       | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     21968 | NS      | $6529768.32   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                            | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     16549 | NS      | $5724133.61   | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc              | Clean Harbors Inc                         | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     10979 | NS      | $2498381.24   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    130770 | NS      | $5283108.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                        | ATI Inc                                   | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     77353 | NS      | $7797182.40   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co           | Commercial Metals Co                      | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     44936 | NS      | $2866018.08   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     13361 | NS      | $1782090.18   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     25241 | NS      | $4851067.79   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co        | Modine Manufacturing Co                   | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     28449 | NS      | $4612436.37   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials In | Solstice Advanced Materials Inc           | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |      6310 | NS      | $300860.80    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |     11771 | NS      | $4829876.72   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                   | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |     83628 | NS      | $6010469.63   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies  | Atmus Filtration Technologies Inc         | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88977 | NS      | $4503125.97   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     29154 | NS      | $11540902.44  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                        | CRH PLC                                   | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     56332 | NS      | $6757586.72   | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp                            | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    194613 | NS      | $7698890.28   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                           | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     20099 | NS      | $11572200.24  | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                         | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     20533 | NS      | $2756965.91   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     88610 | NS      | $7118927.40   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lonza Group AG                 | Lonza Group AG                            | CUSIP: N/A<br>LEI: 549300EFW4H2TCZ71055       | Long             | EC               | CORP              | CH        |      7866 | NS      | $5387000.37   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc           | SPX Technologies Inc                      | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     36260 | NS      | $7797350.40   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      8185 | NS      | $2386009.35   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                  | Timken Co/The                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |    125139 | NS      | $10185063.21  | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

**Name of Applicant:** Tema ETF Trust

**Signature:** /s/ Josh Hunter

**Name of Signer:** Josh Hunter

**Title:** Treasurer