# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0000894189-26-005254
**Filing Date:** 2026-2
**Character Count:** 22995
**Document Hash:** 22bb167134c67aceb9c3abedd6df4e32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005254.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005254

**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:** 26680139

**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 Silver Miners ETF (Series ID: S000081028)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000243667 | Themes Silver Miners ETF | AGMI            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes Silver Miners ETF** | **Themes Silver Miners ETF** | **Themes Silver Miners ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.8%** | **Shares** | **Value**  |
| **Materials - 99.8% <sup>(a)</sup>** | **Materials - 99.8% <sup>(a)</sup>** | |
| AbraSilver Resource Corp. <sup>(b)</sup> | 19394 | $150907 |
| Americas Gold & Silver Corp. <sup>(b)</sup> | 29776 | 152725 |
| Andean Silver Ltd. <sup>(b)</sup> | 22990 | 37282 |
| Avino Silver & Gold Mines Ltd. <sup>(b)</sup> | 3037 | 18896 |
| Aya Gold & Silver, Inc. <sup>(b)</sup> | 17026 | 243627 |
| Baiyin Nonferrous Group Co. Ltd. - Class A | 1200 | 1005 |
| Coeur Mining, Inc. <sup>(b)</sup> | 12687 | 226209 |
| Discovery Silver Corp. <sup>(b)</sup> | 56092 | 342466 |
| Endeavour Silver Corp. <sup>(b)</sup> | 35525 | 333935 |
| First Majestic Silver Corp. | 44152 | 736644 |
| Fortuna Mining Corp. <sup>(b)</sup> | 811 | 7947 |
| Freeport-McMoRan, Inc. | 3794 | 192697 |
| Fresnillo PLC | 11020 | 495244 |
| GoGold Resources, Inc. <sup>(b)</sup> | 50229 | 106493 |
| Hecla Mining Co. | 11811 | 226653 |
| Hochschild Mining PLC | 6282 | 43482 |
| Industrias Penoles SAB de CV <sup>(b)</sup> | 16704 | 878209 |
| Inner Mongolia Xingye Silver&Tin Mining Co. Ltd. - Class A | 2100 | 10698 |
| Jiangxi Copper Co. Ltd. - Class A | 2200 | 17290 |
| Jiangxi Copper Co. Ltd. - Class H | 18016 | 99262 |
| KGHM Polska Miedz SA <sup>(b)</sup> | 2425 | 189677 |
| MMG Ltd. <sup>(b)</sup> | 10510 | 11843 |
| Newmont Corp. | 7472 | 746079 |
| OR Royalties, Inc. | 3718 | 131703 |
| Pan American Silver Corp. | 6639 | 343967 |
| Shandong Gold Mining Co. Ltd. - Class A | 600 | 3324 |
| Shandong Gold Mining Co. Ltd. - Class H <sup>(c)</sup> | 2612 | 11612 |
| Silvercorp Metals, Inc. | 29281 | 244906 |
| Southern Copper Corp. | 1615 | 231675 |
| SSR Mining, Inc. <sup>(b)</sup> | 4010 | 87899 |
| Teck Resources Ltd. - Class B | 1198 | 57354 |
| Triple Flag Precious Metals Corp. | 7169 | 238227 |
| Vizsla Silver Corp. <sup>(b)</sup> | 45900 | 251479 |
| Wheaton Precious Metals Corp. | 4042 | 475187 |
| Yunnan Chihong Zinc&Germanium Co. Ltd. | 800 | 837 |
| Zhuzhou Smelter Group Co. Ltd. - Class A <sup>(b)</sup> | 200 | 461 |
| Zijin Mining Group Co. Ltd. - Class A | 13400 | 66097 |
| Zijin Mining Group Co. Ltd. - Class H | 64969 | 297685 |
| **TOTAL COMMON STOCKS** (Cost $5,969,067) | **TOTAL COMMON STOCKS** (Cost $5,969,067) | 7711683 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.3%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(d)</sup> | 20084 | 20084 |
| **TOTAL MONEY MARKET FUNDS** (Cost $20,084) | **TOTAL MONEY MARKET FUNDS** (Cost $20,084) | 20084 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $5,989,151**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $5,989,151**)** | 7731767 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (4208) |
| **TOTAL NET ASSETS - 100.0%** |  | $7727559 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

PLC - Public Limited Company<br>

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

(b) Non-income producing security.

(c) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of December 31, 2025, the value of these securities total $11,612 or 0.2% of the Fund's net assets.

(d) 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 Silver Miners 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 | $7711683 | $– | $– | $7711683 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 20084 | – | – | 20084 |
| Total Investments | $7731767 | $– | $– | $7731767 |
| 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 Silver Miners ETF

- **b. EDGAR series identifier (if any):** S000081028

- **c. LEI of Series:** 529900SUZ4G3KIGXHC08

**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:** $7735151.12

**Total Liabilities:** $7591.85

**Net Assets:** $7727559.27

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243667 | -2.64%               | 14.67%               | 12.44%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14.28                  | $-281976.63                                |
| Month 2  | $-0.61                   | $915210.74                                 |
| Month 3  | $283269.57               | $611612.27                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                           | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      3794 | NS      | $192697.26    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                | Hecla Mining Co                                | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     11811 | NS      | $226653.09    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Americas Gold & Silver Corp    | Americas Gold & Silver Corp                    | CUSIP: 03062D803<br>LEI: 5493005AKGOT669Z4P51 | Long             | EC               | CORP              | CA        |     29776 | NS      | $152725.25    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd          | Jiangxi Copper Co Ltd                          | CUSIP: N/A<br>LEI: 3003002E74YFQ6MEZY56       | Long             | EC               | CORP              | CN        |     18016 | NS      | $99261.96     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                                   | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      7472 | NS      | $746079.20    | 9.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Andean Silver Ltd              | Andean Silver Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     22990 | NS      | $37282.08     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrias Penoles SAB de CV   | Industrias Penoles SAB de CV                   | CUSIP: P55409141<br>LEI: 549300WA2HB7776CB324 | Long             | EC               | CORP              | MX        |     16704 | NS      | $878208.80    | 11.36%            |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp     | First Majestic Silver Corp                     | CUSIP: 32076V103<br>LEI: 529900PWCU5DUH1DYR51 | Long             | EC               | CORP              | CA        |     44152 | NS      | $736644.06    | 9.53%             |  |  |  | No            |                  1 | On Loan: No      |
| KGHM Polska Miedz SA           | KGHM Polska Miedz SA                           | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |      2425 | NS      | $189676.88    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd      | Zijin Mining Group Co Ltd                      | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |     64969 | NS      | $297685.19    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                        | MMG Ltd                                        | CUSIP: N/A<br>LEI: 529900XB5IQXFMSWEC48       | Long             | EC               | CORP              | AU        |     10510 | NS      | $11843.28     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Gold Mining Co Ltd    | Shandong Gold Mining Co Ltd                    | CUSIP: N/A<br>LEI: 300300KC2K8BC07OSV77       | Long             | EC               | CORP              | CN        |      2612 | NS      | $11612.32     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Discovery Silver Corp          | Discovery Silver Corp                          | CUSIP: 254677107<br>LEI: 98450041CCB3E8QD3F53 | Long             | EC               | CORP              | CA        |     56092 | NS      | $342465.45    | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangxi Copper Co Ltd          | Jiangxi Copper Co Ltd                          | CUSIP: Y4446C118<br>LEI: 3003002E74YFQ6MEZY56 | Long             | EC               | CORP              | CN        |      2200 | NS      | $17289.84     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Shandong Gold Mining Co Ltd    | Shandong Gold Mining Co Ltd                    | CUSIP: N/A<br>LEI: 300300KC2K8BC07OSV77       | Long             | EC               | CORP              | CN        |       600 | NS      | $3323.63      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc               | OR Royalties Inc                               | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |      3718 | NS      | $131703.15    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhuzhou Smelter Group Co Ltd   | Zhuzhou Smelter Group Co Ltd                   | CUSIP: N/A<br>LEI: 3003003VKM8YGNFCSH57       | Long             | EC               | CORP              | CN        |       200 | NS      | $460.78       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vizsla Silver Corp             | Vizsla Silver Corp                             | CUSIP: 92859G608<br>LEI: 549300ADJF7HWIEDL366 | Long             | EC               | CORP              | CA        |     45900 | NS      | $251479.36    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Avino Silver & Gold Mines Ltd  | Avino Silver & Gold Mines Ltd                  | CUSIP: 053906103<br>LEI: 549300DZZNDMPML1VJ37 | Long             | EC               | CORP              | CA        |      3037 | NS      | $18896.20     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Xingye Silver & Tin            | Inner Mongolia Xingye Silver&Tin Mining Co Ltd | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2100 | NS      | $10698.11     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ch Zn&Ge                       | Yunnan Chihong Zinc&Germanium Co Ltd           | CUSIP: N/A<br>LEI: 3003001EM2VD5NJ1WN41       | Long             | EC               | CORP              | CN        |       800 | NS      | $836.85       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AbraSilver Resource Corp       | AbraSilver Resource Corp                       | CUSIP: 00379L304<br>LEI: 254900WR30BQ8MPSYU80 | Long             | EC               | CORP              | CA        |     19394 | NS      | $150907.38    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd             | Teck Resources Ltd                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |      1198 | NS      | $57353.52     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund       | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     20084 | NS      | $20084.14     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp       | Pan American Silver Corp                       | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |      6639 | NS      | $343966.59    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                 | SSR Mining Inc                                 | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |      4010 | NS      | $87899.20     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresnillo PLC                  | Fresnillo PLC                                  | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | MX        |     11020 | NS      | $495244.18    | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GoGold Resources Inc           | GoGold Resources Inc                           | CUSIP: 38045Y102<br>LEI: 549300PNCGJ26Y676N19 | Long             | EC               | CORP              | CA        |     50229 | NS      | $106492.58    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp                   | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |      4042 | NS      | $475186.42    | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Baiyin Nonferrous Group Co Ltd | Baiyin Nonferrous Group Co Ltd                 | CUSIP: N/A<br>LEI: 3003000UG92IRWM5LQ12       | Long             | EC               | CORP              | CN        |      1200 | NS      | $1004.56      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Triple Flag Precious Metals Co | Triple Flag Precious Metals Corp               | CUSIP: 89679M104<br>LEI: 254900R7NJ1TEYIM4E61 | Long             | EC               | CORP              | CA        |      7169 | NS      | $238226.72    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zijin Mining Group Co Ltd      | Zijin Mining Group Co Ltd                      | CUSIP: N/A<br>LEI: 836800JRNL2393Z2I561       | Long             | EC               | CORP              | CN        |     13400 | NS      | $66097.32     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortuna Mining Corp            | Fortuna Mining Corp                            | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |       811 | NS      | $7947.22      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc          | Silvercorp Metals Inc                          | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |     29281 | NS      | $244906.11    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                           | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      1615 | NS      | $231675.14    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc               | Coeur Mining Inc                               | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     12687 | NS      | $226209.21    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp          | Endeavour Silver Corp                          | CUSIP: 29258Y103<br>LEI: 549300IF2E29780PPV02 | Long             | EC               | CORP              | CA        |     35525 | NS      | $333935.00    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hochschild Mining PLC          | Hochschild Mining PLC                          | CUSIP: N/A<br>LEI: 549300JK10TVQ3CCJQ89       | Long             | EC               | CORP              | PE        |      6282 | NS      | $43482.11     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Aya Gold & Silver Inc          | Aya Gold & Silver Inc                          | CUSIP: 05466C109<br>LEI: 549300BWX8KJOTUL4M51 | Long             | EC               | CORP              | CA        |     17026 | NS      | $243627.29    | 3.15%             |  |  |  | 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