# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0001145549-25-054765
**Filing Date:** 2025-8
**Character Count:** 44367
**Document Hash:** 4234bb0a0c0a72600335853b36ef2d89
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054765.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054765

**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:** 251264411

**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 Infrastructure ETF (Series ID: S000085500)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000250783 | Themes US Infrastructure ETF | HWAY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes US Infrastructure ETF** | **Themes US Infrastructure ETF** | **Themes US Infrastructure ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.8%** | **Shares** | **Value**  |
| **Consumer Discretionary Products - 0.5%** | **Consumer Discretionary Products - 0.5%** | |
| Cavco Industries, Inc. <sup>(a)</sup> | 6 | $2607 |
| Champion Homes, Inc. <sup>(a)</sup> | 48 | 3005 |
|  |  | 5612 |
| **Industrial Products - 31.8%<sup>(b)</sup>** | **Industrial Products - 31.8%<sup>(b)</sup>** |  |
| AGCO Corp. | 56 | 5777 |
| Argan, Inc. | 12 | 2646 |
| Astec Industries, Inc. | 19 | 792 |
| Atkore, Inc. | 32 | 2258 |
| AZZ, Inc. | 25 | 2362 |
| Caterpillar, Inc. | 151 | 58620 |
| Crane Co. | 43 | 8165 |
| Deere & Co. | 101 | 51358 |
| Donaldson Co., Inc. | 104 | 7212 |
| Dover Corp. | 117 | 21438 |
| Emerson Electric Co. | 422 | 56265 |
| Enpro, Inc. | 17 | 3256 |
| Gibraltar Industries, Inc. <sup>(a)</sup> | 25 | 1475 |
| Graco, Inc. | 140 | 12036 |
| Greenbrier Cos., Inc. | 25 | 1151 |
| Helios Technologies, Inc. | 28 | 934 |
| IDEX Corp. | 64 | 11236 |
| Janus International Group, Inc. <sup>(a)</sup> | 117 | 952 |
| Lindsay Corp. | 9 | 1298 |
| Mueller Industries, Inc. | 97 | 7709 |
| Mueller Water Products, Inc. - Class A | 130 | 3125 |
| Oshkosh Corp. | 56 | 6358 |
| SPX Technologies, Inc. <sup>(a)</sup> | 37 | 6204 |
| Terex Corp. | 56 | 2615 |
| Trinity Industries, Inc. | 69 | 1864 |
| Valmont Industries, Inc. | 17 | 5552 |
| Vontier Corp. | 132 | 4871 |
| Watts Water Technologies, Inc. - Class A | 24 | 5901 |
| Westinghouse Air Brake Technologies Corp. | 144 | 30146 |
| Xylem, Inc. | 207 | 26778 |
| Zurn Elkay Water Solutions Corp. | 124 | 4535 |
|  |  | 354889 |
| **Industrial Services - 42.1%<sup>(b)</sup>** | **Industrial Services - 42.1%<sup>(b)</sup>** |  |
| AECOM | 113 | 12753 |
| API Group Corp. <sup>(a)</sup> | 173 | 8832 |
| Applied Industrial Technologies, Inc. | 32 | 7438 |
| Arcosa, Inc. | 41 | 3555 |
| Comfort Systems USA, Inc. | 30 | 16086 |
| Construction Partners, Inc. - Class A <sup>(a)</sup> | 39 | 4145 |
| CSX Corp. | 1528 | 49859 |
| DXP Enterprises, Inc./TX <sup>(a)</sup> | 11 | 964 |
| Dycom Industries, Inc. <sup>(a)</sup> | 24 | 5865 |
| EMCOR Group, Inc. | 38 | 20326 |
| Fastenal Co. | 976 | 40992 |
| Fluor Corp. <sup>(a)</sup> | 145 | 7434 |
| Granite Construction, Inc. | 37 | 3460 |
| Great Lakes Dredge & Dock Corp. <sup>(a)</sup> | 55 | 671 |
| Herc Holdings, Inc. | 24 | 3161 |
| IES Holdings, Inc. <sup>(a)</sup> | 17 | 5036 |
| Jacobs Solutions, Inc. | 103 | 13539 |
| MRC Global, Inc. <sup>(a)</sup> | 72 | 987 |
| MSC Industrial Direct Co., Inc. - Class A | 37 | 3146 |
| MYR Group, Inc. <sup>(a)</sup> | 13 | 2359 |
| Norfolk Southern Corp. | 193 | 49402 |
| NV5 Global, Inc. <sup>(a)</sup> | 48 | 1108 |
| Quanta Services, Inc. | 125 | 47260 |
| Radius Recycling, Inc. | 22 | 653 |
| Ryder System, Inc. | 37 | 5883 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 25 | 5768 |
| Tetra Tech, Inc. | 231 | 8307 |
| Tutor Perini Corp. <sup>(a)</sup> | 37 | 1731 |
| Union Pacific Corp. | 197 | 45326 |
| United Rentals, Inc. | 56 | 42190 |
| Verra Mobility Corp. <sup>(a)</sup> | 139 | 3529 |
| WESCO International, Inc. | 37 | 6852 |
| WW Grainger, Inc. | 40 | 41610 |
|  |  | 470227 |
| **Materials - 23.1%** | **Materials - 23.1%** |  |
| Advanced Drainage Systems, Inc. | 57 | 6547 |
| Alcoa Corp. | 220 | 6492 |
| Apogee Enterprises, Inc. | 19 | 771 |
| ATI, Inc. <sup>(a)</sup> | 119 | 10274 |
| Boise Cascade Co. | 32 | 2778 |
| Carlisle Cos., Inc. | 37 | 13816 |
| Carpenter Technology Corp. | 41 | 11332 |
| Century Aluminum Co. <sup>(a)</sup> | 44 | 793 |
| Cleveland-Cliffs, Inc. <sup>(a)</sup> | 401 | 3048 |
| Commercial Metals Co. | 100 | 4891 |
| CRH PLC | 494 | 45349 |
| Eagle Materials, Inc. | 28 | 5659 |
| Kaiser Aluminum Corp. | 13 | 1039 |
| Knife River Corp. <sup>(a)</sup> | 45 | 3674 |
| Martin Marietta Materials, Inc. | 52 | 28546 |
| Nucor Corp. | 196 | 25390 |
| Owens Corning | 73 | 10039 |
| Reliance, Inc. | 46 | 14439 |
| Ryerson Holding Corp. | 22 | 475 |
| Simpson Manufacturing Co., Inc. | 37 | 5746 |
| Steel Dynamics, Inc. | 119 | 15233 |
| Trex Co., Inc. <sup>(a)</sup> | 91 | 4949 |
| UFP Industries, Inc. | 52 | 5167 |
| United States Lime & Minerals, Inc. | 9 | 898 |
| Vulcan Materials Co. | 113 | 29473 |
| Worthington Steel, Inc. | 28 | 835 |
|  |  | 257653 |
| **Oil & Gas - 0.1%** | **Oil & Gas - 0.1%** |  |
| DNOW, Inc. <sup>(a)</sup> | 91 | 1349 |
| **Retail & Wholesale - Discretionary - 1.9%** | **Retail & Wholesale - Discretionary - 1.9%** |  |
| BlueLinx Holdings, Inc. <sup>(a)</sup> | 8 | 595 |
| Builders FirstSource, Inc. <sup>(a)</sup> | 96 | 11202 |
| Pool Corp. | 32 | 9328 |
|  |  | 21125 |
| **Software & Technology Services - 0.0%<sup>(c)</sup>** | **Software & Technology Services - 0.0%<sup>(c)</sup>** |  |
| Amentum Holdings, Inc. <sup>(a)</sup> | 6 | 144 |
| **Utilities - 0.3%** | **Utilities - 0.3%** |  |
| Southwest Gas Holdings, Inc. | 49 | 3645 |
| **TOTAL COMMON STOCKS** (Cost $1,069,891) | **TOTAL COMMON STOCKS** (Cost $1,069,891) | 1114644 |
| **SHORT-TERM INVESTMENTS - 0.2%** |  | **Value**  |
| **Money Market Funds - 0.2%** | **<u>Shares</u>** |  |
| First American Treasury Obligations Fund - Class X, 4.24% <sup>(d)</sup> | 1721 | 1721 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,721) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,721) | 1721 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $1,071,612**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $1,071,612**)** | 1116365 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(e)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(e)</sup> | 125 |
| **TOTAL NET ASSETS - 100.0%** |  | $1116490 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

PLC - Public Limited Company<br>

(a) Non-income producing security.

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

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

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

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

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Themes US Infrastructure 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 | 1114644 |  |  | 1114644 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1721 |  |  | 1721 |
| Total Investments | 1116365 |  |  | 1116365 |
| 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 Infrastructure ETF

- **b. EDGAR series identifier (if any):** S000085500

- **c. LEI of Series:** 529900XYF9WDLQ3FZZ07

**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:** $1116749.61

**Total Liabilities:** $259.13

**Net Assets:** $1116490.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250783 | 0.81%                | 7.00%                | 4.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $7659.86                                   |
| Month 2  | $-2824.64                | $70734.86                                  |
| Month 3  | $6399.98                 | $45516.00                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BlueLinx Holdings Inc          | BlueLinx Holdings Inc                    | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |         8 | NS      | $595.04       | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc           | Dycom Industries Inc                     | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |        24 | NS      | $5865.36      | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc       | Gibraltar Industries Inc                 | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        25 | NS      | $1475.00      | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc        | Helios Technologies Inc                  | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |        28 | NS      | $934.36       | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International Inc                  | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |        37 | NS      | $6852.40      | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc/TX         | DXP Enterprises Inc/TX                   | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        11 | NS      | $964.15       | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                        | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |        24 | NS      | $3160.56      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |        97 | NS      | $7708.59      | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp          | Norfolk Southern Corp                    | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       193 | NS      | $49402.21     | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc             | Steel Dynamics Inc                       | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |       119 | NS      | $15233.19     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                              | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        91 | NS      | $4948.58      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc            | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        52 | NS      | $28545.92     | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc               | Ryder System Inc                         | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |        37 | NS      | $5883.00      | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc             | UFP Industries Inc                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |        52 | NS      | $5166.72      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc   | Watts Water Technologies Inc             | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |        24 | NS      | $5901.36      | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                      | Argan Inc                                | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |        12 | NS      | $2645.76      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |        64 | NS      | $11236.48     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp           | Kaiser Aluminum Corp                     | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        13 | NS      | $1038.70      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp               | Knife River Corp                         | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        45 | NS      | $3673.80      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                 | MRC Global Inc                           | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |        72 | NS      | $987.12       | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                  | MYR Group Inc                            | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |        13 | NS      | $2358.85      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |        73 | NS      | $10038.96     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                   | Reliance Inc                             | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |        46 | NS      | $14439.40     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc           | SPX Technologies Inc                     | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |        37 | NS      | $6204.16      | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc     | Southwest Gas Holdings Inc               | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |        49 | NS      | $3645.11      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                     | Terex Corp                               | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |        56 | NS      | $2614.64      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc         | Trinity Industries Inc                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |        69 | NS      | $1863.69      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals  | United States Lime & Minerals Inc        | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |         9 | NS      | $898.20       | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                   | Vontier Corp                             | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |       132 | NS      | $4870.80      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       113 | NS      | $29472.66     | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol | Westinghouse Air Brake Technologies Corp | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |       144 | NS      | $30146.40     | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                 | API Group Corp                           | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |       173 | NS      | $8831.65      | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                          | AECOM                                    | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |       113 | NS      | $12753.18     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc       | Builders FirstSource Inc                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        96 | NS      | $11202.24     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc           | Cavco Industries Inc                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         6 | NS      | $2606.58      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co           | Commercial Metals Co                     | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |       100 | NS      | $4891.00      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                        | ATI Inc                                  | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |       119 | NS      | $10274.46     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies Inc      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |        32 | NS      | $7438.40      | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                | WW Grainger Inc                          | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |        40 | NS      | $41609.60     | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                        | AZZ Inc                                  | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |        25 | NS      | $2362.00      | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co               | Boise Cascade Co                         | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |        32 | NS      | $2778.24      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      1528 | NS      | $49858.64     | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co            | Century Aluminum Co                      | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |        44 | NS      | $792.88       | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc        | Comfort Systems USA Inc                  | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |        30 | NS      | $16086.30     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc      | Construction Partners Inc                | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |        39 | NS      | $4144.92      | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |       104 | NS      | $7212.40      | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc          | Worthington Steel Inc                    | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |        28 | NS      | $835.24       | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc           | Astec Industries Inc                     | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |        19 | NS      | $792.11       | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       151 | NS      | $58619.71     | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       101 | NS      | $51357.49     | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                          | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        38 | NS      | $20325.82     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc       | Granite Construction Inc                 | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |        37 | NS      | $3459.87      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc  | Janus International Group Inc            | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       117 | NS      | $952.38       | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc              | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |        25 | NS      | $5768.25      | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech Inc                           | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |       231 | NS      | $8306.76      | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp              | Tutor Perini Corp                        | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |        37 | NS      | $1730.86      | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       197 | NS      | $45325.76     | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp            | Verra Mobility Corp                      | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |       139 | NS      | $3529.21      | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |      1721 | NS      | $1720.98      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                     | Fluor Corp                               | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |       145 | NS      | $7434.15      | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corp | Great Lakes Dredge & Dock Corp           | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |        55 | NS      | $670.45       | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc           | Jacobs Solutions Inc                     | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       103 | NS      | $13539.35     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                               | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |       117 | NS      | $21437.91     | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       422 | NS      | $56265.26     | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |       976 | NS      | $40992.00     | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The         | Greenbrier Cos Inc/The                   | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |        25 | NS      | $1151.25      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW Inc                                 | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |        91 | NS      | $1349.53      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc         | Apogee Enterprises Inc                   | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |        19 | NS      | $771.40       | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                     | Arcosa Inc                               | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |        41 | NS      | $3555.11      | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc                   | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |        17 | NS      | $5551.69      | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                      | AGCO Corp                                | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |        56 | NS      | $5776.96      | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                     | Atkore Inc                               | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |        32 | NS      | $2257.60      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp      | Carpenter Technology Corp                | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |        41 | NS      | $11331.58     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc           | Cleveland-Cliffs Inc                     | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |       401 | NS      | $3047.60      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                       | Crane Co                                 | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |        43 | NS      | $8165.27      | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |       140 | NS      | $12035.80     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                     | Nucor Corp                               | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       196 | NS      | $25389.84     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc               | Carlisle Cos Inc                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |        37 | NS      | $13815.80     | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc             | Champion Homes Inc                       | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        48 | NS      | $3005.28      | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc   | MSC Industrial Direct Co Inc             | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |        37 | NS      | $3145.74      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc                 | NV5 Global Inc                           | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        48 | NS      | $1108.32      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                   | Oshkosh Corp                             | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |        56 | NS      | $6358.24      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                                | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |        32 | NS      | $9327.36      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp           | Ryerson Holding Corp                     | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |        22 | NS      | $474.54       | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Radius Recycling Inc           | Radius Recycling Inc                     | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |        22 | NS      | $653.18       | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co Inc             | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |        37 | NS      | $5746.47      | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                      | Enpro Inc                                | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |        17 | NS      | $3256.35      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc     | Mueller Water Products Inc               | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |       130 | NS      | $3125.20      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       125 | NS      | $47260.00     | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                       | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        56 | NS      | $42190.40     | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       207 | NS      | $26777.52     | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Cor | Zurn Elkay Water Solutions Corp          | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |       124 | NS      | $4534.68      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc  | Advanced Drainage Systems Inc            | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |        57 | NS      | $6547.02      | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                               | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |       220 | NS      | $6492.20      | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings Inc                     | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |         6 | NS      | $143.63       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc            | Eagle Materials Inc                      | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |        28 | NS      | $5659.08      | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc               | IES Holdings Inc                         | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |        17 | NS      | $5035.91      | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                   | Lindsay Corp                             | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |         9 | NS      | $1298.25      | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                        | CRH PLC                                  | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | US        |       494 | NS      | $45349.20     | 4.06%             |  |  |  | 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