# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0000894189-26-005043
**Filing Date:** 2026-2
**Character Count:** 20855
**Document Hash:** aeb81d4f7fc58043e977417261bf43ac
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005043.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Listed Funds Trust
- **CENTRAL INDEX KEY:** 0001683471

**ORGANIZATION NAME:**
- **EIN:** 826272597
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23226
- **FILM NUMBER:** 26678184

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-5144

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Active Weighting Funds ETF Trust
- **DATE OF NAME CHANGE:** 20160830

## Series and Classes Contracts Data

### Horizon Kinetics SPAC Active ETF (Series ID: S000078973)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000239792 | Horizon Kinetics SPAC Active ETF | SPAQ            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Listed Funds Trust

- **b. Investment Company Act file number:** 811-23226

- **c. CIK number of Registrant:** 0001683471

- **d. LEI of Registrant:** 549300C5D73JL0P1YC11

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1692

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

- **a. Name of Series:** Horizon Kinetics SPAC Active ETF

- **b. EDGAR series identifier (if any):** S000078973

- **c. LEI of Series:** 549300AI8RU2XFLJZ173

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $9860015.05

**Total Liabilities:** $7987.41

**Net Assets:** $9852027.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239792 | 1.79%                | -0.56%               | 0.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $151390.17               | $-25407.34                                 |
| Month 2  | $39827.78                | $-60294.61                                 |
| Month 3  | $121128.44               | $-104811.92                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| APEX TREASURY CORP-CL A        | Apex Treasury Corp                         | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     28500 | NS      | $7980.00      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners V Inc   | Cantor Equity Partners V Inc               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     40000 | NS      | $410000.00    | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION ACQUISITION CORP     | Centurion Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     25003 | NS      | $7988.46      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL CAPITAL CORP IX      | Churchill Capital Corp IX                  | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     10001 | NS      | $8502.85      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolution Global Acquisition C | Evolution Global Acquisition Corp          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     41750 | NS      | $412072.50    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp     | Flag Ship Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     40003 | NS      | $7200.54      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     46288 | NS      | $12497.76     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| WEN ACQUISITION CORP-A         | Wen Acquisition Corp                       | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      7701 | NS      | $2389.62      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp           | Wen Acquisition Corp                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     41043 | NS      | $414534.30    | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 7        | US BANK MMDA - USBGFS 7                    | CUSIP: N/A<br>LEI: N/A       | Long             | STIV             | RF                | US        |    102741 | NS      | $102740.66    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AI Infrastructure Acquisition  | AI Infrastructure Acquisition Corp         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     63234 | NS      | $628545.96    | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldel Financial II Inc         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50888 | NS      | $534832.88    | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BTC DEVELOPMENT CORP-CL A      | BTC Development Corp                       | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      6291 | NS      | $3617.33      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     37549 | NS      | $384877.25    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Graf Global Corp               | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     37149 | NS      | $399537.50    | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAF GLOBAL CORP-CL A          | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     23575 | NS      | $10655.90     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     44021 | NS      | $6383.05      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LIONHEART HOLDINGS - CL A      | Lionheart Holdings                         | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     20002 | NS      | $3020.30      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SILVERBOX CORP IV-A            | Silverbox Corp IV                          | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     15622 | NS      | $4375.72      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     30281 | NS      | $5299.18      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IB Acquisition Corp            | IB Acquisition Corp                        | CUSIP: 44934N116<br>LEI: N/A | Long             | EC               | CORP              | US        |     46288 | NS      | $3193.87      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALDEL FINANCIAL II INC         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     25512 | NS      | $10459.92     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AA MISSION ACQUISITION COR-A   | AA Mission Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     21430 | NS      | $3636.67      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EVOLUTION GLOBAL ACQUIS-CL A   | Evolution Global Acquisition Corp          | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     20875 | NS      | $7986.78      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Acquisition Corp        | Indigo Acquisition Corp                    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     34021 | NS      | $342931.68    | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUNCH TWO ACQUISITION- CL A   | Launch Two Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     11307 | NS      | $3567.36      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Acquisition Corp III L | Oaktree Acquisition Corp III Life Sciences | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50006 | NS      | $531563.78    | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| OTG ACQUISITION CORP I-CL A    | OTG Acquisition Corp I                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     25188 | NS      | $8060.16      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Roman DBDR Acquisition Corp II | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     45718 | NS      | $476838.74    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ROMAN DBDR ACQUISITION CORP    | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     22858 | NS      | $13257.64     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     30281 | NS      | $4844.96      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     42871 | NS      | $433425.81    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TITAN ACQUISITION CORP-CL A    | Titan Acquisition Corp                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     21196 | NS      | $7416.48      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     46288 | NS      | $482320.96    | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Apex Treasury Corp             | Apex Treasury Corp                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     47000 | NS      | $464830.00    | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Daedalus Special Acquisition C | Daedalus Special Acquisition Corp          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     52000 | NS      | $522600.00    | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     45419 | NS      | $7171.66      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp               | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     19578 | NS      | $206352.12    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GIGCAPITAL7 CORP-A             | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     36693 | NS      | $15044.13     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp III         | Legato Merger Corp III                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     45718 | NS      | $497411.84    | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III    | NewHold Investment Corp III                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     23308 | NS      | $241470.88    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWHOLD INVESTMENT CORP II-A   | NewHold Investment Corp III                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     16655 | NS      | $6995.93      | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| OTG Acquisition Corp I         | OTG Acquisition Corp I                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50377 | NS      | $503770.00    | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     42871 | NS      | $8574.20      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER ACQUISITION CORP       | Voyager Acquisition Corp                   | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     23575 | NS      | $5417.54      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BTC Development Corp           | BTC Development Corp                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     25164 | NS      | $252017.46    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     60729 | NS      | $12753.09     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP         | BERTO ACQUISITION CORP                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      9894 | NS      | $3660.78      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hawk Acquisition Corp    | Black Hawk Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |      2857 | NS      | $4314.07      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BLUE WATER ACQUISITION C-A     | Blue Water Acquisition Corp III            | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |      8491 | NS      | $4988.46      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Crane Harbor Acquisition Corp  | Crane Harbor Acquisition Corp II           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     36191 | NS      | $364262.42    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     37549 | NS      | $12391.17     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| M3-BRIGADE ACQUISITION V-A     | M3-Brigade Acquisition V Corp              | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     15887 | NS      | $13901.13     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Acquisition Corp         | Titan Acquisition Corp                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     42392 | NS      | $434941.92    | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AI Infrastructure Acquisition  | AI Infrastructure Acquisition Corp         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     63234 | NS      | $16440.84     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     55966 | NS      | $563577.62    | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Listed Funds Trust

**Title:** Treasurer