# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0000894189-26-005260
**Filing Date:** 2026-2
**Character Count:** 36377
**Document Hash:** 3b8e86aa02798d7202355c05b6de6bc8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005260.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005260

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Themes ETF Trust
- **CENTRAL INDEX KEY:** 0001976322

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23872
- **FILM NUMBER:** 26680145

**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 Small Cap Cash Flow Champions ETF (Series ID: S000081034)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000243673 | Themes US Small Cap Cash Flow Champions ETF | SMCF            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes US Small Cap Cash Flow Champions ETF** | **Themes US Small Cap Cash Flow Champions ETF** | **Themes US Small Cap Cash Flow Champions ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.7%** | **Shares** | **Value**  |
| **Banking - 20.4%** | **Banking - 20.4%** | |
| Ameris Bancorp | 467 | $34684 |
| Atlantic Union Bankshares Corp. | 1006 | 35512 |
| Bancorp, Inc. <sup>(a)</sup> | 302 | 20391 |
| Bank OZK | 752 | 34607 |
| East West Bancorp, Inc. | 972 | 109243 |
| Eastern Bankshares, Inc. | 1334 | 24586 |
| FB Financial Corp. | 289 | 16126 |
| First BanCorp Puerto Rico | 1139 | 23611 |
| First Bancorp Southern Pines NC | 274 | 13916 |
| Hope Bancorp, Inc. | 835 | 9152 |
| International Bancshares Corp. | 365 | 24250 |
| Live Oak Bancshares, Inc. | 225 | 7729 |
| OFG Bancorp | 302 | 12376 |
| Park National Corp. | 104 | 15827 |
| S&T Bancorp, Inc. | 262 | 10310 |
| Simmons First National Corp. - Class A | 862 | 16249 |
| UMB Financial Corp. | 513 | 59015 |
|  |  | 467584 |
| **Consumer Discretionary Products - 5.5%** | **Consumer Discretionary Products - 5.5%** |  |
| Garrett Motion, Inc. | 652 | 11365 |
| Toll Brothers, Inc. | 701 | 94789 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 613 | 19291 |
|  |  | 125445 |
| **Consumer Discretionary Services - 0.5%** | **Consumer Discretionary Services - 0.5%** |  |
| Perdoceo Education Corp. | 423 | 12407 |
| **Consumer Staple Products - 1.1%** | **Consumer Staple Products - 1.1%** |  |
| Cal-Maine Foods, Inc. | 316 | 25144 |
| **Financial Services - 11.3%** | **Financial Services - 11.3%** |  |
| Artisan Partners Asset Management, Inc. - Class A | 453 | 18455 |
| Bread Financial Holdings, Inc. | 317 | 23467 |
| Dave, Inc. <sup>(a)</sup> | 55 | 12178 |
| Enova International, Inc. <sup>(a)</sup> | 173 | 27196 |
| Fidelity National Financial, Inc. | 1868 | 101974 |
| MGIC Investment Corp. | 1654 | 48330 |
| Virtu Financial, Inc. - Class A | 560 | 18659 |
| Virtus Investment Partners, Inc. | 47 | 7668 |
|  |  | 257927 |
| **Health Care - 0.5%** | **Health Care - 0.5%** |  |
| Dynavax Technologies Corp. <sup>(a)</sup> | 809 | 12442 |
| **Industrial Products - 3.7%** | **Industrial Products - 3.7%** |  |
| Mueller Industries, Inc. | 739 | 84837 |
| **Industrial Services - 7.5%** | **Industrial Services - 7.5%** |  |
| Argan, Inc. | 92 | 28825 |
| FLEX LNG Ltd. | 210 | 5240 |
| Matson, Inc. | 223 | 27552 |
| Scorpio Tankers, Inc. | 327 | 16621 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 208 | 63696 |
| Teekay Tankers Ltd. | 180 | 9616 |
| Tutor Perini Corp. | 314 | 21044 |
|  |  | 172594 |
| **Insurance - 21.1%** | **Insurance - 21.1%** |  |
| CNA Financial Corp. | 151 | 7209 |
| F&G Annuities & Life, Inc. | 254 | 7846 |
| Hanover Insurance Group, Inc. | 255 | 46606 |
| Horace Mann Educators Corp. | 280 | 12930 |
| Jackson Financial, Inc. - Class A | 505 | 53858 |
| Mercury General Corp. | 183 | 17213 |
| NMI Holdings, Inc. - Class A <sup>(a)</sup> | 522 | 21292 |
| Old Republic International Corp. | 1636 | 74667 |
| Reinsurance Group of America, Inc. | 464 | 94406 |
| RenaissanceRe Holdings Ltd. | 340 | 95594 |
| SiriusPoint Ltd. <sup>(a)</sup> | 708 | 15498 |
| White Mountains Insurance Group Ltd. | 18 | 37405 |
|  |  | 484524 |
| **Materials - 3.0%** | **Materials - 3.0%** |  |
| Alpha Metallurgical Resources, Inc. <sup>(a)</sup> | 73 | 14591 |
| Core Natural Resources, Inc. | 349 | 30890 |
| Peabody Energy Corp. | 774 | 22988 |
|  |  | 68469 |
| **Media - 0.6%** | **Media - 0.6%** |  |
| Magnite, Inc. <sup>(a)</sup> | 890 | 14445 |
| **Oil & Gas - 12.3%** | **Oil & Gas - 12.3%** |  |
| APA Corp. | 2483 | 60734 |
| Civitas Resources, Inc. | 548 | 14845 |
| DNOW, Inc. <sup>(a)</sup> | 707 | 9368 |
| Hess Midstream LP - Class A | 809 | 27911 |
| HF Sinclair Corp. | 1103 | 50826 |
| Matador Resources Co. | 834 | 35395 |
| Murphy Oil Corp. | 949 | 29656 |
| RPC, Inc. | 626 | 3406 |
| Talos Energy, Inc. <sup>(a)</sup> | 842 | 9279 |
| Weatherford International PLC | 508 | 39756 |
|  |  | 281176 |
| **Retail & Wholesale - Discretionary - 9.5%** | **Retail & Wholesale - Discretionary - 9.5%** |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 770 | 79225 |
| Dillard's, Inc. - Class A | 57 | 34561 |
| ePlus, Inc. | 183 | 16049 |
| PC Connection, Inc. | 69 | 3986 |
| QXO, Inc. <sup>(a)</sup> | 4342 | 83757 |
|  |  | 217578 |
| **Retail & Wholesale - Staples - 0.5%** | **Retail & Wholesale - Staples - 0.5%** |  |
| Andersons, Inc. | 221 | 11751 |
| **Software & Technology Services - 1.7%** | **Software & Technology Services - 1.7%** |  |
| Clear Secure, Inc. - Class A | 570 | 19996 |
| DXC Technology Co. <sup>(a)</sup> | 1236 | 18107 |
|  |  | 38103 |
| **Telecommunications - 0.5%** | **Telecommunications - 0.5%** |  |
| VEON Ltd. - ADR <sup>(a)</sup> | 211 | 11092 |
| **TOTAL COMMON STOCKS** (Cost $2,233,678) | **TOTAL COMMON STOCKS** (Cost $2,233,678) | 2285518 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 2.5%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(b)</sup> | 56414 | 56414 |
| **TOTAL MONEY MARKET FUNDS** (Cost $56,414) | **TOTAL MONEY MARKET FUNDS** (Cost $56,414) | 56414 |
| **TOTAL INVESTMENTS - 102.2% (**Cost $2,290,092**)** | **TOTAL INVESTMENTS - 102.2% (**Cost $2,290,092**)** | 2341932 |
| Liabilities in Excess of Other Assets - (2.2)% | Liabilities in Excess of Other Assets - (2.2)% | (50486) |
| **TOTAL NET ASSETS - 100.0%** |  | $2291446 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt <br> LP - Limited Partnership <br> PLC - Public Limited Company

(a) Non-income producing security.

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

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
Themes US Small Cap Cash Flow Champions ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $2285518 | $– | $– | $2285518 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 56414 | – | – | 56414 |
| Total Investments | $2341932 | $– | $– | $2341932 |
| 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 Small Cap Cash Flow Champions ETF

- **b. EDGAR series identifier (if any):** S000081034

- **c. LEI of Series:** 529900NWUI6U4GVZDC68

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2292051.02

**Total Liabilities:** $597.93

**Net Assets:** $2291453.09

**Cash Not Reported:** $138.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243673 | -2.93%               | 4.16%                | 0.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-74586.55               | $-54636.53                                 |
| Month 2  | $122744.78               | $23316.69                                  |
| Month 3  | $-2038.31                | $14477.64                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tri Pointe Homes Inc           | Tri Pointe Homes Inc                     | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       613 | NS      | $19291.11     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc       | Builders FirstSource Inc                 | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       705 | NS      | $72537.45     | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp      | Dynavax Technologies Corp                | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |       809 | NS      | $12442.42     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                | S&T Bancorp Inc                          | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       262 | NS      | $10309.70     | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd             | Teekay Tankers Ltd                       | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |       180 | NS      | $9615.60      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                       | Bank OZK                                 | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |       735 | NS      | $33824.70     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     56276 | NS      | $56275.92     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp     | Horace Mann Educators Corp               | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |       280 | NS      | $12930.40     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc          | Jackson Financial Inc                    | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |       487 | NS      | $51938.55     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection Inc                        | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |        69 | NS      | $3985.44      | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc            | Scorpio Tankers Inc                      | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MC        |       327 | NS      | $16621.41     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                 | Ameris Bancorp                           | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |       447 | NS      | $33198.69     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                      | Argan Inc                                | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |        92 | NS      | $28825.44     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                | Bancorp Inc/The                          | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |       302 | NS      | $20391.04     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp             | CNA Financial Corp                       | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |       151 | NS      | $7208.74      | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc            | Cal-Maine Foods Inc                      | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |       316 | NS      | $25144.12     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International Inc                  | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |       173 | NS      | $27195.60     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines N | First Bancorp/Southern Pines NC          | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       274 | NS      | $13916.46     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc             | Garrett Motion Inc                       | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |       652 | NS      | $11364.36     | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th | Hanover Insurance Group Inc/The          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |       245 | NS      | $44778.65     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | Hess Midstream LP                        | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       809 | NS      | $27910.50     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                     | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |       814 | NS      | $34546.16     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW Inc                                 | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |       707 | NS      | $9367.75      | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp        | Perdoceo Education Corp                  | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |       423 | NS      | $12406.59     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                        | QXO Inc                                  | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4202 | NS      | $81056.58     | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Grou | White Mountains Insurance Group Ltd      | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |        17 | NS      | $35326.51     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc          | Civitas Resources Inc                    | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |       548 | NS      | $14845.32     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co              | DXC Technology Co                        | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |      1236 | NS      | $18107.40     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc          | East West Bancorp Inc                    | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |       942 | NS      | $105871.38    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares Inc         | Eastern Bankshares Inc                   | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |      1334 | NS      | $24585.62     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc               | Hope Bancorp Inc                         | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |       835 | NS      | $9151.60      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC  | Weatherford International PLC            | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | US        |       488 | NS      | $38190.88     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                | SiriusPoint Ltd                          | CUSIP: N/A<br>LEI: 549300OGXFI85N3YZZ51       | Long             | EC               | CORP              | BM        |       708 | NS      | $15498.12     | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc   | Bread Financial Holdings Inc             | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |       317 | NS      | $23467.51     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources  | Alpha Metallurgical Resources Inc        | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |        73 | NS      | $14591.24     | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp | Atlantic Union Bankshares Corp           | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       982 | NS      | $34664.60     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                      | ePlus Inc                                | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |       183 | NS      | $16049.10     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| International Bancshares Corp  | International Bancshares Corp            | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |       365 | NS      | $24250.60     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp           | MGIC Investment Corp                     | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      1612 | NS      | $47102.64     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                               | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |       223 | NS      | $27551.65     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |       717 | NS      | $82311.60     | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                | Murphy Oil Corp                          | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |       926 | NS      | $28937.50     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                    | OFG Bancorp                              | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |       302 | NS      | $12375.96     | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp            | Peabody Energy Corp                      | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |       774 | NS      | $22987.80     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC Inc                                  | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       626 | NS      | $3405.44      | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc               | Talos Energy Inc                         | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |       842 | NS      | $9278.84      | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON Ltd                       | VEON Ltd                                 | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | AE        |       211 | NS      | $11092.27     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LNG Ltd                   | FLEX LNG Ltd                             | CUSIP: N/A<br>LEI: 21380084THHU3MPC3647       | Long             | EC               | CORP              | BM        |       210 | NS      | $5239.50      | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd     | RenaissanceRe Holdings Ltd               | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |       331 | NS      | $93063.96     | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp              | FB Financial Corp                        | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |       289 | NS      | $16126.20     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc        | Live Oak Bancshares Inc                  | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       225 | NS      | $7728.75      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                    | Magnite Inc                              | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |       890 | NS      | $14444.70     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Cor | Old Republic International Corp          | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      1581 | NS      | $72156.84     | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc         | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |       453 | NS      | $92167.38     | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp    | Simmons First National Corp              | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |       862 | NS      | $16248.70     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc            | Virtu Financial Inc                      | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |       560 | NS      | $18659.20     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                        | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       678 | NS      | $91679.16     | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp              | Tutor Perini Corp                        | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |       314 | NS      | $21044.28     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc | Virtus Investment Partners Inc           | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |        47 | NS      | $7668.05      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                 | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |      2398 | NS      | $58655.08     | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The              | Andersons Inc/The                        | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |       221 | NS      | $11750.57     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc               | Clear Secure Inc                         | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       570 | NS      | $19995.60     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc     | Core Natural Resources Inc               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |       349 | NS      | $30889.99     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave Inc                       | Dave Inc                                 | CUSIP: 23834J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        55 | NS      | $12177.55     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                  | Dillard's Inc                            | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |        54 | NS      | $32742.36     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc       | F&G Annuities & Life Inc                 | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       254 | NS      | $7845.77      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In | Fidelity National Financial Inc          | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |      1808 | NS      | $98698.72     | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico      | First BanCorp/Puerto Rico                | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |      1139 | NS      | $23611.47     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp               | HF Sinclair Corp                         | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |      1063 | NS      | $48983.04     | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp           | Mercury General Corp                     | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |       183 | NS      | $17212.98     | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc               | NMI Holdings Inc                         | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |       522 | NS      | $21292.38     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp             | Park National Corp                       | CUSIP: 700658107<br>LEI: 984500Q3E941TDF87712 | Long             | EC               | CORP              | US        |       104 | NS      | $15826.72     | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc    | Sterling Infrastructure Inc              | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |       201 | NS      | $61552.23     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                       | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |       495 | NS      | $56944.80     | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem | Artisan Partners Asset Management Inc    | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |       453 | NS      | $18455.22     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Themes ETF Trust

**Signature:** /s/ Dobromir Kamburov

**Name of Signer:** Dobromir Kamburov

**Title:** Treasurer