# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-012536
**Filing Date:** 2023-2
**Character Count:** 12301
**Document Hash:** 92986d4f901e5c2c0c441f6a5cfcab80
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-012536.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-012536

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 23679672

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Defiance Next Gen H2 ETF (Series ID: S000071206)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000226000 | Defiance Next Gen H2 ETF | HDRO            |

## 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 Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** Defiance Next Gen H2 ETF

- **b. EDGAR series identifier (if any):** S000071206

- **c. LEI of Series:** 549300TYV82D51XJEK95

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

- **a. Date of fiscal year-end:** 2022-12-31

- **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:** $38154427.64

**Total Liabilities:** $244642.83

**Net Assets:** $37909784.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226000 | -3.05%               | 16.55%               | -10.04%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-516347.18              | $-664453.15                                |
| Month 2  | $7197.00                 | $5961737.52                                |
| Month 3  | $-2696139.26             | $-1550305.93                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advent Technologies Holdings I | Advent Technologies Holdings Inc           | CUSIP: 00788A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    871710 | NS      | $1577795.10   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      4988 | NS      | $1537600.88   | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ballard Power Systems Inc      | Ballard Power Systems Inc                  | CUSIP: 058586108<br>LEI: 549300OHZ8BMF53YYS26 | Long             | EC               | CORP              | CA        |    424899 | NS      | $2035266.21   | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    122700 | NS      | $2346024.00   | 6.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    490435 | NS      | $490434.72    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FuelCell Energy Inc            | FuelCell Energy Inc                        | CUSIP: 35952H601<br>LEI: 549300SRU8020X1X9J22 | Long             | EC               | CORP              | US        |    723797 | NS      | $2012155.66   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SOL SpA                        | SOL SpA                                    | CUSIP: N/A<br>LEI: 81560096A9AEBBBD4B25       | Long             | EC               | CORP              | IT        |     83711 | NS      | $1581323.92   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pungkuk Ethanol Co Ltd         | Pungkuk Ethanol Co Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     32943 | NS      | $313928.94    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Sanso Holdings Corp     | Nippon Sanso Holdings Corp                 | CUSIP: N/A<br>LEI: 353800F1K6653B4VPY57       | Long             | EC               | CORP              | JP        |     28300 | NS      | $410950.02    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                             | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    222004 | NS      | $2746189.48   | 7.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ITM Power PLC                  | ITM Power PLC                              | CUSIP: N/A<br>LEI: 21380042MB2JKZ6RRP12       | Long             | EC               | CORP              | GB        |   1613306 | NS      | $1778417.00   | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NEL ASA                        | NEL ASA                                    | CUSIP: N/A<br>LEI: 549300G6XN5IXMRKEG37       | Long             | EC               | CORP              | NO        |   1711860 | NS      | $2407656.11   | 6.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Xebec Adsorption Inc           | Xebec Adsorption Inc                       | CUSIP: 983891102<br>LEI: 549300Q17BK8NU6M1E92 | Long             | EC               | CORP              | CA        |   1244898 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SFC Energy AG                  | SFC Energy AG                              | CUSIP: N/A<br>LEI: 3912003HZPSTWYICYA50       | Long             | EC               | CORP              | DE        |     65397 | NS      | $1751848.69   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AFC Energy PLC                 | AFC Energy PLC                             | CUSIP: N/A<br>LEI: 213800SRJST19GNS9U35       | Long             | EC               | CORP              | GB        |   2159993 | NS      | $480679.77    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                             | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |     10849 | NS      | $1533002.06   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| S-Fuelcell Co Ltd              | S-Fuelcell Co Ltd                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     99584 | NS      | $1598699.25   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceres Power Holdings PLC       | Ceres Power Holdings PLC                   | CUSIP: N/A<br>LEI: 213800N7AAHSXQUOA733       | Long             | EC               | CORP              | GB        |    498600 | NS      | $2103390.03   | 5.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Fuel Cell Co Ltd        | Doosan Fuel Cell Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     92075 | NS      | $2137130.29   | 5.64%             |  |  |  | No            |                  1 | On Loan: No      |
| McPhy Energy SA                | McPhy Energy SA                            | CUSIP: N/A<br>LEI: 969500W5X02DTT3BZS69       | Long             | EC               | CORP              | FR        |    112866 | NS      | $1470766.88   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hydrogen Corp            | First Hydrogen Corp                        | CUSIP: 32057N104<br>LEI: 549300VFMUFOYGZY1M87 | Long             | EC               | CORP              | CA        |     66732 | NS      | $230984.97    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexagon Purus ASA              | Hexagon Purus ASA                          | CUSIP: N/A<br>LEI: 549300CM3T0GK8X3FW75       | Long             | EC               | CORP              | NO        |     68045 | NS      | $142983.61    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cell Impact AB                 | Cell Impact AB                             | CUSIP: N/A<br>LEI: 549300PS6XPVP3MP2W76       | Long             | EC               | CORP              | SE        |    174647 | NS      | $183539.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Iljin Hysolus Co ltd           | Iljin Hysolus Co ltd                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     70172 | NS      | $1656492.05   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumhan Fuel Cell Co Ltd        | Bumhan Fuel Cell Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     87322 | NS      | $1802375.80   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| PowerCell Sweden AB            | PowerCell Sweden AB                        | CUSIP: N/A<br>LEI: 54930075IJ7TGOK3VC02       | Long             | EC               | CORP              | SE        |    191531 | NS      | $2188374.26   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                  | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |      4749 | NS      | $1549028.82   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-16

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer