# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0000894189-26-005246
**Filing Date:** 2026-2
**Character Count:** 18660
**Document Hash:** d46195aefecbe84839e2d1a26d6c105a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005246.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005246

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**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:** 26680131

**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 China Generative Artificial Intelligence ETF (Series ID: S000081032)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000243671 | Themes China Generative Artificial Intelligence ETF | DRGN            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes China Generative Artificial Intelligence ETF** | **Themes China Generative Artificial Intelligence ETF** | **Themes China Generative Artificial Intelligence ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.2%** | **Shares** | **Value**  |
| **Consumer Discretionary Products - 0.6%** | **Consumer Discretionary Products - 0.6%** | |
| ECARX Holdings, Inc. - Class A <sup>(a)</sup> | 70824 | $121817 |
| **Financial Services - 1.1%** | **Financial Services - 1.1%** |  |
| Bairong, Inc. <sup>(a)(b)</sup> | 165100 | 246079 |
| **Industrial Products - 4.0%** | **Industrial Products - 4.0%** |  |
| RoboSense Technology Co. Ltd. <sup>(a)</sup> | 181800 | 854958 |
| **Media - 22.3%** | **Media - 22.3%** |  |
| 360 Security Technology, Inc. - Class A | 604500 | 966245 |
| Baidu, Inc. - ADR <sup>(a)</sup> | 11078 | 1447452 |
| Kingsoft Corp. Ltd. | 286800 | 1048041 |
| Kuaishou Technology <sup>(b)</sup> | 157000 | 1290060 |
|  |  | 4751798 |
| **Retail & Wholesale - Discretionary - 4.9%** | **Retail & Wholesale - Discretionary - 4.9%** |  |
| Zhejiang Dahua Technology Co. Ltd. - Class A | 382900 | 1037775 |
| **Software & Technology Services - 30.6% <sup>(c)</sup>** | **Software & Technology Services - 30.6% <sup>(c)</sup>** |  |
| AInnovation Technology Group Co. Ltd. - Class H <sup>(a)(b)</sup> | 205500 | 149187 |
| Arcsoft Corp. Ltd. - Class A | 115600 | 818843 |
| Beijing Fourth Paradigm Technology Co. Ltd. - Class H <sup>(a)</sup> | 134400 | 760184 |
| Cambricon Technologies Corp. Ltd. - Class A <sup>(a)</sup> | 7300 | 1416042 |
| Iflytek Co. Ltd. - Class A | 147600 | 1062199 |
| Kingsoft Cloud Holdings Ltd. <sup>(a)</sup> | 1277500 | 904445 |
| TRS Information Technology Corp. Ltd. - Class A <sup>(a)</sup> | 334800 | 953403 |
| Tuya, Inc. - ADR | 99800 | 210578 |
| WiMi Hologram Cloud, Inc. <sup>(a)</sup> | 4000 | 9480 |
| Yidu Tech, Inc. <sup>(a)(b)</sup> | 361700 | 243993 |
|  |  | 6528354 |
| **Tech Hardware & Semiconductors - 34.7% <sup>(c)</sup>** | **Tech Hardware & Semiconductors - 34.7% <sup>(c)</sup>** |  |
| Foxconn Industrial Internet Co. Ltd. - Class A | 161400 | 1433122 |
| Hygon Information Technology Co. Ltd. - Class A | 46000 | 1477195 |
| IEIT Systems Co. Ltd. | 107300 | 1022614 |
| Montage Technology Co. Ltd. - Class A | 60800 | 1024912 |
| Xiaomi Corp. - Class B <sup>(a)(b)</sup> | 253900 | 1282109 |
| Yuanjie Semiconductor Technology Co. Ltd. - Class A | 12500 | 1148355 |
|  |  | 7388307 |
| **TOTAL COMMON STOCKS** (Cost $21,438,361) | **TOTAL COMMON STOCKS** (Cost $21,438,361) | 20929088 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.1%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(d)</sup> | 23513 | 23513 |
| **TOTAL MONEY MARKET FUNDS** (Cost $23,513) | **TOTAL MONEY MARKET FUNDS** (Cost $23,513) | 23513 |
| **TOTAL INVESTMENTS - 98.3% (**Cost $21,461,874**)** | **TOTAL INVESTMENTS - 98.3% (**Cost $21,461,874**)** | 20952601 |
| Other Assets in Excess of Liabilities - 1.7% | Other Assets in Excess of Liabilities - 1.7% | 359402 |
| **TOTAL NET ASSETS - 100.0%** |  | $21312003 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt<br>

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of December 31, 2025, the value of these securities total $3,211,428 or 15.1% of the Fund's net assets.

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

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

**Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)** 

Themes China Generative Artificial Intelligence ETF (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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $20929088 | $– | $– | $20929088 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 23513 | – | – | 23513 |
| Total Investments | $20952601 | $– | $– | $20952601 |
| 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 China Generative Artificial Intelligence ETF

- **b. EDGAR series identifier (if any):** S000081032

- **c. LEI of Series:** 529900IUSHU4DUUCR830

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $21323604.44

**Total Liabilities:** $11582.65

**Net Assets:** $21312021.79

**Cash Not Reported:** $355310.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243671 | -6.75%               | -6.07%               | 1.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-89761.05               | $-1567578.29                               |
| Month 2  | $0.00                    | $-1372344.87                               |
| Month 3  | $-356555.05              | $564994.04                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ECARX Holdings Inc             | ECARX Holdings Inc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     70824 | NS      | $121817.28    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TRS                            | TRS Information Technology Corp Ltd       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    334800 | NS      | $953402.55    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 Security Technology Inc    | 360 Security Technology Inc               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    604500 | NS      | $966245.00    | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| AInnovation Technology Group C | AInnovation Technology Group Co Ltd       | CUSIP: N/A<br>LEI: 83680037CPV87M152N26       | Long             | EC               | CORP              | CN        |    205500 | NS      | $149186.66    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambricon Technologies Corp Lt | Cambricon Technologies Corp Ltd           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      7300 | NS      | $1416042.16   | 6.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Corp Ltd              | Kingsoft Corp Ltd                         | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |    289800 | NS      | $1059004.20   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Montage Technology Co Ltd      | Montage Technology Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     60800 | NS      | $1024912.17   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuaishou Technology            | Kuaishou Technology                       | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | CN        |    157000 | NS      | $1290060.00   | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yidu Tech Inc                  | Yidu Tech Inc                             | CUSIP: N/A<br>LEI: 894500MV4XUIRRLRHV44       | Long             | EC               | CORP              | CN        |    361700 | NS      | $243993.09    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tuya Inc                       | Tuya Inc                                  | CUSIP: 90114C107<br>LEI: 254900XKWS2MIZHXCO08 | Long             | EC               | CORP              | CN        |     99800 | NS      | $210578.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| IEIT Systems Co Ltd            | IEIT Systems Co Ltd                       | CUSIP: N/A<br>LEI: 3003002K6ZLEBRGRI729       | Long             | EC               | CORP              | CN        |    107300 | NS      | $1022614.00   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Foxconn Industrial Internet Co | Foxconn Industrial Internet Co Ltd        | CUSIP: Y2620V100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    161400 | NS      | $1433121.78   | 6.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcsoft Corp Ltd               | Arcsoft Corp Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    115600 | NS      | $818843.33    | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Cloud Holdings Ltd    | Kingsoft Cloud Holdings Ltd               | CUSIP: N/A<br>LEI: 875500HZE0VKCD0Z8K15       | Long             | EC               | CORP              | CN        |   1277500 | NS      | $904445.12    | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RoboSense Technology Co Ltd    | RoboSense Technology Co Ltd               | CUSIP: N/A<br>LEI: 25490065NK9R5M2MV343       | Long             | EC               | CORP              | CN        |    181800 | NS      | $854957.79    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WiMi Hologram Cloud Inc        | WiMi Hologram Cloud Inc                   | CUSIP: N/A<br>LEI: 25490023IKJN5F1FKH37       | Long             | EC               | CORP              | CN        |      4000 | NS      | $9480.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     23513 | NS      | $23513.06     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Fourth Paradigm Techno | Beijing Fourth Paradigm Technology Co Ltd | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    134400 | NS      | $760184.51    | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Baidu Inc                      | Baidu Inc                                 | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |     11078 | NS      | $1447451.48   | 6.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Bairong Inc                    | Bairong Inc                               | CUSIP: N/A<br>LEI: 655600R1JGW8TTPKVN84       | Long             | EC               | CORP              | CN        |    165100 | NS      | $246079.12    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuanjie Semiconductor Technolo | Yuanjie Semiconductor Technology Co Ltd   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     12500 | NS      | $1148354.71   | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DAHUA INC                      | Zhejiang Dahua Technology Co Ltd          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    382900 | NS      | $1037774.80   | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Iflytek Co Ltd                 | Iflytek Co Ltd                            | CUSIP: N/A<br>LEI: 3003000T23C63KVWOH32       | Long             | EC               | CORP              | CN        |    147600 | NS      | $1062198.72   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                    | Xiaomi Corp                               | CUSIP: N/A<br>LEI: 2549001ACVFAZRNMKL32       | Long             | EC               | CORP              | CN        |    253900 | NS      | $1282109.04   | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hygon Information Technology C | Hygon Information Technology Co Ltd       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     46000 | NS      | $1477194.97   | 6.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-02-24

**Name of Applicant:** Themes ETF Trust

**Signature:** /s/ Dobromir Kamburov

**Name of Signer:** Dobromir Kamburov

**Title:** Treasurer