# EDGAR Filing Document

**Accession Number:** 0001467831
**File Stem:** 0001145549-23-008873
**Filing Date:** 2023-2
**Character Count:** 35408
**Document Hash:** 11948fdd61e17399823994f1ee822f9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008873.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001145549-23-008873

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Managers Trust
- **CENTRAL INDEX KEY:** 0001467831
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22310
- **FILM NUMBER:** 23660965

**BUSINESS ADDRESS:**
- **STREET 1:** 30 MAPLE STREET
- **STREET 2:** SUITE 2
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901
- **BUSINESS PHONE:** (908) 897-0513

**MAIL ADDRESS:**
- **STREET 1:** 30 MAPLE STREET
- **STREET 2:** SUITE 2
- **CITY:** SUMMIT
- **STATE:** NJ
- **ZIP:** 07901

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FactorShares Trust
- **DATE OF NAME CHANGE:** 20090929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FactorETF Trust
- **DATE OF NAME CHANGE:** 20090707

## Series and Classes Contracts Data

### ETFMG Alternative Harvest ETF (Series ID: S000051172)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000161092 | ETFMG Alternative Harvest ETF | MJ              |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **ETFMG Alternative Harvest ETF** | | |
| **Schedule of Investments** | | |
| **December 31, 2022 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 75.3%** | | |
| **Australia - 2.4%** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 2.4% (g)** | | |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incannex Healthcare, Ltd. (a) | 60127146 | $7164085 |
| **Canada - 35.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Village Farms International, Inc. (a) | 1488482 | 1994566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 35.1% (g)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Aurora Cannabis, Inc. (a)(b) | 10768904 | 9935391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Auxly Cannabis Group, Inc. (a)(b) | 25189432 | 372074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canopy Growth Corp. (a)(b) | 8615123 | 19900934 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charlottes Web Holdings, Inc. (a)(b) | 8297121 | 4473337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cronos Group, Inc. (a)(b) | 9713123 | 24671332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HEXO Corp. (a)(b) | 1761395 | 1779009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; High Tide, Inc. (a)(b) | 3535351 | 5457078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Organigram Holdings, Inc. (a)(b) | 14157461 | 11325969 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SNDL, Inc. (a)(b) | 12488306 | 26100560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Valens Co., Inc. (a)(b) | 3975025 | 2671546 |
| &nbsp;&nbsp;&nbsp; Total Pharmaceuticals |  | 106687230 |
| Total Canada |  | 108681796 |
| **Denmark - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tobacco - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scandinavian Tobacco Group AS (h) | 185085 | 3253135 |
| **Ireland - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 1.1% (g)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Jazz Pharmaceuticals PLC (a) | 21351 | 3401428 |
| **Israel - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 1.7% (g)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intercure, Ltd. (a) | 1553332 | 5125996 |
| **Mexico - 0.0% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering - 0.0% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Empresas ICA SAB de CV (a)(c) | 155893 | – |
| **United Kingdom - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tobacco - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; British American Tobacco PLC | 82844 | 3286578 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Imperial Brands PLC | 132658 | 3321422 |
| &nbsp;&nbsp;&nbsp; Total Tobacco |  | 6608000 |
| **United States - 31.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mativ Holdings, Inc. | 137849 | 2881044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Scotts Miracle-Gro Co. (b) | 61337 | 2980365 |
| &nbsp;&nbsp;&nbsp; Total Chemicals |  | 5861409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interactive Media & Services - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leafly Holdings, Inc. (a) | 467981 | 305077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Agrify Corp. (a)(b) | 55404 | 18450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hydrofarm Holdings Group, Inc. (a) | 2185116 | 3386929 |
| &nbsp;&nbsp;&nbsp; Total Machinery |  | 3405379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals - 7.2% (g)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tilray Brands, Inc. (a)(b) | 7780676 | 20930018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Zynerba Pharmaceuticals, Inc. (a) | 1510872 | 800762 |
| &nbsp;&nbsp;&nbsp; Total Pharmaceuticals |  | 21730780 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Real Estate Investment Trusts (REITs) - 10.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AFC Gamma, Inc. (b) | 781398 | 12291391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chicago Atlantic Real Estate Finance, Inc. | 809480 | 12198864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Innovative Industrial Properties, Inc. (b) | 65507 | 6639134 |
| &nbsp;&nbsp;&nbsp; Total Real Estate Investment Trusts (REITs) |  | 31129389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Software - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WM Technology, Inc. (a)(b) | 3984524 | 4024369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Specialty Retail - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GrowGeneration Corp. (a)(b) | 3166116 | 12411175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Tobacco - 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22nd Century Group, Inc. (a)(b) | 2537758 | 2336006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Altria Group, Inc. | 68933 | 3150927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 35055 | 3547917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turning Point Brands, Inc. | 139458 | 3016477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Vector Group, Ltd. | 299420 | 3551121 |
| &nbsp;&nbsp;&nbsp; Total Tobacco |  | 15602448 |
| Total United States |  | 94470026 |
| TOTAL COMMON STOCKS (Cost $707,670,414) |  | 228704466 |
| **EXCHANGE TRADED FUNDS - 23.2%** |  |  |
| ETFMG US Alternative Harvest ETF (f) | 36021589 | 70602314 |
| TOTAL EXCHANGE TRADED FUNDS (Cost $101,211,324) |  | 70602314 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 41.8%** |  |  |
| ETFMG Sit Ultra Short ETF (f) | 600000 | 29004000 |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.49% (e) | 97858890 | 97858890 |
| TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL (Cost $127,707,687) |  | 126862890 |
| **SHORT-TERM INVESTMENTS - 1.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.08% (e) | 3743741 | 3743741 |
| TOTAL SHORT-TERM INVESTMETNS (Cost $3,743,741) |  | 3743741 |
| **Total Investments (Cost $940,333,166) - 141.6%** |  | 429913411 |
| **Liabilities in Excess of Other Assets - (41.6)%** |  | (126145697) |
| **TOTAL NET ASSETS - 100.0%** |  | $303767714 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| | |
|:---|:---|
| PLC | Public Limited Company |
| (a) | Non-income producing security. |
| (b) | This security or a portion of this security was out on loan at December 31, 2022. |
| (c) | Value determined using significant unobservable inputs. The value of these securities total $0, which represents 0.0% of total net assets. Classified as Level 3 in the fair value hierarchy. |
| (d) | Amount is less than 0.05%. |
| (e) | The rate shown is the annualized seven-day yield at period end. |
| (f) | Affiliated Security. Please refer to Note 9 of the Notes to Financial Statements. |
| (g) | As of December 31, 2022, the Fund had a significant portion of its assets invested in the Pharmaceutical industry. |
| (h) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. This security may be resold in transitions exempt from registration to qualified institutional investors. At December 31, 2022, the market value of these securities total $3,253,135; which represents 1.1% of total net assets. |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Security Name | Value at <br> September 30, <br> 2022 | Purchases | Sales | Net Realized Gain <br> (Losses) | Net Change in <br> Unrealized <br> Appreciation <br> (Depreciation) | Dividend <br> Income | Value at <br> December 31, <br> 2022 | Ending Shares |
| Charlottes Web Holdings, Inc. | 3139750 | 566900 | (141455) | (743145) | 1651287 | - | 4473337 | 8297121 |
| ETFMG Sit Ultra Short ETF | 28845000 | - | - | - | 159000 | - | 29004000 | 600000 |
| ETFMG US Alternative Harvest ETF | 83831447 | 2097781 | (10288962) | (451412) | (4586538) | - | 70602314 | 36021589 |
| GrowGeneration Corp. | 10283893 | 1783505 | (485712) | (2343782) | 3173271 | - | 12411175 | 3166116 |
| SNDL, Inc. | 27301618 | 1423358 | (1484463) | (3532192) | 2392238 | - | 26100560 | 12488306 |
|  | $153401708 | $5871544 | $(12400592) | $(7070532) | $2789258 | $- | $142591386 | 60573132 |

---

---

| |
|:---|
| The Global Industry Classification Standard (GICS<sup>®)</sup> was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services"). |
| The accompanying notes are an integral part of these financial statements. |

---

------

ETF Managers Trust

---

| | |
|:---|:---|
| The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). | The following is a summary of significant accounting policies consistently followed by ETFMG Prime Junior Silver Miners ETF ("SILJ"), ETFMG Prime 2x Daily Junior Silver Miners ETF ("SILX"), ETFMG Prime Cyber Security ETF ("HACK"), ETFMG Prime Mobile Payments ETF ("IPAY"), ETFMG Sit Ultra Short ETF ("VALT"), ETFMG Travel Tech ETF ("AWAY"), ETFMG Treatments, Testing and Advancements ETF ("GERM"), ETFMG Alternative Harvest U.S. ETF ("MJUS"), ETFMG Alternative Harvest ETF ("MJ"), ETFMG 2x Daily Travel Tech ETF ("AWYX"), Wedbush ETFMG Video Game Tech ETF ("GAMR"), Wedbush ETFMG Global Cloud Technology ETF ("IVES"), BlueStar Israel Technology ETF ("ITEQ"), Etho Climate Leadership U.S. ETF ("ETHO") and AI Powered Equity ETF ("AIEQ") (each a "Fund," or collectively the "Funds"). |
| **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | **Security Valuation**. Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on the valuation date (or at approximately 4:00 pm Eastern Time if a security's primary exchange is normally open at that time), or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be used.<br>Securities for which quotations are not readily available are valued at their respective fair values as determined in good faith by the Board of Trustees (the "Board"). When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Funds' Board. The use of fair value pricing by a Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, AIEQ, HACK, VALT, AWAY, GERM, MJUS, SILX, AWYX, IVES, ITEQ and ETHO did not hold any fair valued securities. As of December 31, 2022, SILJ held three fair valued securities and MJ, IPAY and GAMR held one fair valued security.<br>As described above, the Funds utilize various methods to measure the fair value of their investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| Level 1 | Unadjusted quoted prices in active markets for identical assets or liabilities that the Funds have 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 Funds' own assumptions about the assumptions a market participant would use in valuing the asset or liability and would be based on the best information available. |
| The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: | The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Funds' investments as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **MJ** | | | | |
| Assets^ | Level 1 | Level 2 | Level 3 | Total |
| Common Stocks | $228704466 | $- | $-<br><sup>(1)</sup> | $228704466 |
| Short-Term Investments | 3743741 | - | - | 3743741 |
| ETFMG Sit Ultra Short ETF\*\* | 29004000 | - | - | 29004000 |
| ETFMG U.S. Alternative Harvest ETF | 70602314 | - | - | 70602314 |
| Investments Purchased with Securities Lending Collateral\* | - | - | - | 97858890 |
| Total Investments in Securities | $332054521 | $- | $- | $429913411 |

---

---

| |
|:---|
| <sup>(1)</sup> Includes a security valued at $0. |
| ^ See Schedule of Investments for classifications by country and industry |
| \* Certain investments that are measured at fair value used the net asset value per share (or its equivalent) practical expedient have not been |
| &nbsp;&nbsp;&nbsp;&nbsp; categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value |
| &nbsp;&nbsp;&nbsp;&nbsp; hierarchy to the amounts presented in the Schedules of Investments. |
| \*\* Investment was purchased with collateral. |
| \*\*\* Swap contracts are derivative instruments, which are presented at the unrealized appreciation/depreciation on the instrument. |

---

## 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 Managers Trust

- **b. Investment Company Act file number:** 811-22310

- **c. CIK number of Registrant:** 0001467831

- **d. LEI of Registrant:** 549300K4RW5UJ3CZL626

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

  - **Street Address 1:** 30 Maple Street

  - **City:** Summit

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07901

  - **Telephone number:** 908-897-0513

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

- **a. Name of Series:** ETFMG Alternative Harvest ETF

- **b. EDGAR series identifier (if any):** S000051172

- **c. LEI of Series:** 5493003O7BRWBH63XT11

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $465556461.37

**Total Liabilities:** $161800737.03

**Net Assets:** $303755724.34

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161092 | 19.93%               | 3.92%                | -24.69%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-962306.51              | $65811887.37                               |
| Month 2  | $-85588510.94            | $100671680.99                              |
| Month 3  | $-26597866.41            | $-76332696.43                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AFC Gamma Inc                             | AFC Gamma Inc                              | CUSIP: 00109K105<br>LEI: 5493005G0MGS3E0E7218 | Long             | EC               | CORP              | US        |    781398 | NS      | $12291390.54  | 4.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Agrify Corp                               | Agrify Corp                                | CUSIP: 00853E206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55404 | NS      | $18449.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Altria Group Inc                          | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     68933 | NS      | $3150927.43   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC              | British American Tobacco PLC               | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |     82844 | NS      | $3286578.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC                       | Imperial Brands PLC                        | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |    132658 | NS      | $3321421.71   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Cannabis Inc                       | Aurora Cannabis Inc                        | CUSIP: 05156X884<br>LEI: 549300F6VHCLKCUWDT34 | Long             | EC               | CORP              | CA        |  10768904 | NS      | $9935390.83   | 3.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Canopy Growth Corp                        | Canopy Growth Corp                         | CUSIP: 138035100<br>LEI: 529900CSD7NH1UBC9X07 | Long             | EC               | CORP              | CA        |   8615123 | NS      | $19900934.13  | 6.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Chicago Atlantic Real Estate F            | Chicago Atlantic Real Estate Finance Inc   | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    809480 | NS      | $12198863.60  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cronos Group Inc                          | Cronos Group Inc                           | CUSIP: 22717L101<br>LEI: 549300CWB04E8UOTWX71 | Long             | EC               | CORP              | CA        |   9713123 | NS      | $24671332.42  | 8.12%             |  |  |  | No            |                  1 | On Loan: —       |
| ETFMG US Alternative Harvest E            | ETFMG US Alternative Harvest ETF           | CUSIP: 26924G755<br>LEI: 549300WCURV52FYKK198 | Long             | EC               | RF                | US        |  36021589 | NS      | $70602314.44  | 23.24%            |  |  |  | No            |                  1 | On Loan: —       |
| ETFMG Sit Ultra Short ETF                 | ETFMG Sit Ultra Short ETF                  | CUSIP: 26924G789<br>LEI: N/A                  | Long             | EC               | RF                | US        |  29604000 | NS      | $58008000.00  | 19.10%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   8411335 | NS      | $8411335.33   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GrowGeneration Corp                       | GrowGeneration Corp                        | CUSIP: 39986L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3166116 | NS      | $12411174.72  | 4.09%             |  |  |  | No            |                  1 | On Loan: —       |
| HEXO Corp                                 | HEXO Corp                                  | CUSIP: 428304406<br>LEI: 529900NCXLID5EDY2E78 | Long             | EC               | CORP              | CA        |   1761395 | NS      | $1779008.95   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Hydrofarm Holdings Group Inc              | Hydrofarm Holdings Group Inc               | CUSIP: 44888K209<br>LEI: 5493005Y60YG0W2FYJ83 | Long             | EC               | CORP              | US        |   2185116 | NS      | $3386929.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti            | Innovative Industrial Properties Inc       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     65507 | NS      | $6639134.45   | 2.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Leafly Holdings Inc                       | Leafly Holdings Inc                        | CUSIP: 52178J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    467981 | NS      | $305076.81    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Organigram Holdings Inc                   | Organigram Holdings Inc                    | CUSIP: 68620P101<br>LEI: 529900J3EQ1VWW76L728 | Long             | EC               | CORP              | CA        |  14157461 | NS      | $11325968.80  | 3.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Philip Morris International In            | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     35055 | NS      | $3547916.55   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings Inc                        | Mativ Holdings Inc                         | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    137849 | NS      | $2881044.10   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                 | Scotts Miracle-Gro Co/The                  | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     61337 | NS      | $2980364.83   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| SNDL Inc                                  | SNDL Inc                                   | CUSIP: 83307B101<br>LEI: 549300O3OT13PHMLHI97 | Long             | EC               | CORP              | CA        |  12488306 | NS      | $26100559.54  | 8.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Tilray Brands Inc                         | Tilray Brands Inc                          | CUSIP: 88688T100<br>LEI: 549300Y4V60733TO1478 | Long             | EC               | CORP              | CA        |   7780676 | NS      | $20930018.44  | 6.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Turning Point Brands Inc                  | Turning Point Brands Inc                   | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |    139458 | NS      | $3016476.54   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| 22nd Century Group Inc                    | 22nd Century Group Inc                     | CUSIP: 90137F103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2537758 | NS      | $2336006.24   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Vector Group Ltd                          | Vector Group Ltd                           | CUSIP: 92240M108<br>LEI: 549300TUIF4WWN6NDN50 | Long             | EC               | CORP              | US        |    299420 | NS      | $3551121.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Farms International In            | Village Farms International Inc            | CUSIP: 92707Y108<br>LEI: 529900TR69X5FFZ6K955 | Long             | EC               | CORP              | CA        |   1488482 | NS      | $1994565.88   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| WM Technology Inc                         | WM Technology Inc                          | CUSIP: 92971A109<br>LEI: 549300APSNIYJ4PTIL34 | Long             | EC               | CORP              | US        |   3984524 | NS      | $4024369.24   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Zynerba Pharmaceuticals Inc               | Zynerba Pharmaceuticals Inc                | CUSIP: 98986X109<br>LEI: 549300JLJ5VQU2CN6016 | Long             | EC               | CORP              | US        |   1510872 | NS      | $800762.16    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  97931192 | NS      | $97931192.02  | 32.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Empresas ICA SAB de CV                    | Empresas ICA SAB de CV                     | CUSIP: P37149104<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    155893 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Auxly Cannabis Group Inc                  | Auxly Cannabis Group Inc                   | CUSIP: 05335P109<br>LEI: 549300Y0HPQ6B7DCNG82 | Long             | EC               | CORP              | CA        |  25189432 | NS      | $372074.33    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Charlottes Web Holdings Inc               | Charlottes Web Holdings Inc                | CUSIP: 16106R109<br>LEI: 5493008O89WUQELR8M88 | Long             | EC               | CORP              | US        |   8297121 | NS      | $4473337.02   | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| High Tide Inc                             | High Tide Inc                              | CUSIP: 42981E401<br>LEI: 529900J22WX18I890H12 | Long             | EC               | CORP              | CA        |   3535351 | NS      | $5457077.98   | 1.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Valens Co Inc/The                         | Valens Co Inc/The                          | CUSIP: 91914P603<br>LEI: 894500EMQAMN2XU3CJ29 | Long             | EC               | CORP              | CA        |   3975025 | NS      | $2671545.61   | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| Incannex Healthcare Ltd                   | Incannex Healthcare Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |  60127146 | NS      | $7164085.48   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Scandinavian Tobacco Group A/S            | Scandinavian Tobacco Group A/S             | CUSIP: K8553U105<br>LEI: 5299003KG4JS99TRML67 | Long             | EC               | CORP              | DK        |    185085 | NS      | $3253135.04   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                  | Jazz Pharmaceuticals PLC                   | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |     21351 | NS      | $3401427.81   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercure Ltd                             | Intercure Ltd                              | CUSIP: N/A<br>LEI: 549300KI5ESXF8F5GP06       | Long             | EC               | CORP              | IL        |   1553332 | NS      | $5125995.60   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** ETF Managers Trust

**Signature:** /s/ John Flanagan

**Name of Signer:** John Flanagan

**Title:** Chief Financial Officer