# EDGAR Filing Document

**Accession Number:** 0001976322
**File Stem:** 0001145549-25-054762
**Filing Date:** 2025-8
**Character Count:** 34663
**Document Hash:** be46cea6d548958016b7f1b54a333b88
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054762.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001145549-25-054762

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20250930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23872
- **FILM NUMBER:** 251264408

**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 Transatlantic Defense ETF (Series ID: S000085497)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000250780 | Themes Transatlantic Defense ETF | NATO            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Themes Transatlantic Defense ETF** | **Themes Transatlantic Defense ETF** | **Themes Transatlantic Defense ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.2%** | **Shares** | **Value**  |
| **Consumer Discretionary Products - 0.1%** | **Consumer Discretionary Products - 0.1%** | |
| Colt CZ Group SE | 534 | $18266 |
| Smith & Wesson Brands, Inc. | 1733 | 15043 |
|  |  | 33309 |
| **Financial Services - 0.6%** | **Financial Services - 0.6%** |  |
| FTAI Aviation Ltd. | 2072 | 238363 |
| **Industrial Products - 96.7%<sup>(a)</sup>** | **Industrial Products - 96.7%<sup>(a)</sup>** |  |
| AAR Corp. <sup>(b)</sup> | 699 | 48084 |
| AeroVironment, Inc. <sup>(b)</sup> | 527 | 150169 |
| Airbus SE | 11909 | 2486647 |
| Altinay Savunma Teknolojileri AS <sup>(b)</sup> | 7239 | 14890 |
| Archer Aviation, Inc. - Class A <sup>(b)</sup> | 10146 | 110084 |
| Aselsan Elektronik Sanayi Ve Ticaret AS | 24536 | 92924 |
| Astronics Corp. <sup>(b)</sup> | 921 | 30835 |
| Avio SpA | 833 | 23206 |
| Axon Enterprise, Inc. <sup>(b)</sup> | 1495 | 1237770 |
| BAE Systems PLC | 62852 | 1627550 |
| Bodycote PLC | 3670 | 29445 |
| Boeing Co. <sup>(b)</sup> | 14619 | 3063119 |
| Bombardier, Inc. - Class B <sup>(b)</sup> | 1730 | 150723 |
| BWX Technologies, Inc. | 1852 | 266799 |
| Byrna Technologies, Inc. <sup>(b)</sup> | 804 | 24828 |
| Cadre Holdings, Inc. | 487 | 15511 |
| Chemring Group PLC | 5533 | 42911 |
| Cirrus Aircraft Ltd. | 3716 | 20403 |
| Cohort PLC | 1073 | 22829 |
| Crane Co. | 980 | 186092 |
| Curtiss-Wright Corp. | 762 | 372275 |
| Dassault Aviation SA | 366 | 129426 |
| Ducommun, Inc. <sup>(b)</sup> | 344 | 28425 |
| Exail Technologies SA <sup>(b)</sup> | 351 | 40933 |
| General Dynamics Corp. | 4614 | 1345719 |
| General Electric Co. | 13509 | 3477082 |
| HEICO Corp. | 847 | 277816 |
| Hexcel Corp. | 1621 | 91570 |
| Honeywell International, Inc. | 12781 | 2976439 |
| Howmet Aerospace, Inc. | 8347 | 1553627 |
| Huntington Ingalls Industries, Inc. | 809 | 195341 |
| Intuitive Machines, Inc. <sup>(b)</sup> | 2120 | 23044 |
| Joby Aviation, Inc. <sup>(b)</sup> | 9365 | 98801 |
| Karman Holdings, Inc. <sup>(b)</sup> | 1057 | 53241 |
| Kratos Defense & Security Solutions, Inc. <sup>(b)</sup> | 3026 | 140558 |
| L3Harris Technologies, Inc. | 3892 | 976269 |
| Leonardo DRS, Inc. | 1325 | 61586 |
| Leonardo SpA | 8343 | 469566 |
| Loar Holdings, Inc. <sup>(b)</sup> | 410 | 35330 |
| Lockheed Martin Corp. | 4792 | 2219367 |
| Melrose Industries PLC | 25927 | 188904 |
| Mercury Systems, Inc. <sup>(b)</sup> | 1062 | 57199 |
| Mirion Technologies, Inc. <sup>(b)</sup> | 4170 | 89780 |
| Moog, Inc. - Class A | 525 | 95009 |
| MTU Aero Engines AG | 1088 | 483425 |
| National Presto Industries, Inc. | 137 | 13421 |
| Northrop Grumman Corp. | 2780 | 1389944 |
| OSI Systems, Inc. <sup>(b)</sup> | 287 | 64535 |
| QinetiQ Group PLC | 9979 | 70611 |
| Redwire Corp. <sup>(b)</sup> | 1429 | 23293 |
| RENK Group AG | 1092 | 87290 |
| Rheinmetall AG | 923 | 1953790 |
| Rocket Lab Corp. <sup>(b)</sup> | 8496 | 303902 |
| Rolls-Royce Holdings PLC | 168435 | 2237107 |
| RTX Corp. | 19793 | 2890174 |
| Saab AB | 6408 | 357351 |
| Safran SA | 6112 | 1986384 |
| SDT Uzay VE Savunma Teknolojileri AS | 3055 | 13872 |
| Senior PLC | 10528 | 26590 |
| Spirit AeroSystems Holdings, Inc. - Class A <sup>(b)</sup> | 2342 | 89347 |
| Textron, Inc. | 3769 | 302613 |
| Thales SA | 1828 | 537463 |
| TransDigm Group, Inc. | 1069 | 1625564 |
| Triumph Group, Inc. <sup>(b)</sup> | 1522 | 39192 |
| Virgin Galactic Holdings, Inc. <sup>(b)</sup> | 4240 | 11575 |
|  |  | 39149569 |
| **Software & Technology Services - 0.2%** | **Software & Technology Services - 0.2%** |  |
| Amentum Holdings, Inc. <sup>(b)</sup> | 2911 | 68729 |
| **Tech Hardware & Semiconductors - 1.6%** | **Tech Hardware & Semiconductors - 1.6%** |  |
| Hensoldt AG | 1273 | 146054 |
| Teledyne Technologies, Inc. <sup>(b)</sup> | 954 | 488744 |
|  |  | 634798 |
| **TOTAL COMMON STOCKS** (Cost $35,526,679) | **TOTAL COMMON STOCKS** (Cost $35,526,679) | 40124768 |
| **SHORT-TERM INVESTMENTS - 0.4%** |  | **Value**  |
| **Money Market Funds - 0.4%** | **<u>Shares</u>** |  |
| First American Treasury Obligations Fund - Class X, 4.24% <sup>(c)</sup> | 154921 | 154921 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $154,921) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $154,921) | 154921 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $35,681,600**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $35,681,600**)** | 40279689 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 180667 |
| **TOTAL NET ASSETS - 100.0%** |  | $40460356 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

PLC - Public Limited Company<br>

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

(b) Non-income producing security.

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

------

**Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)** 

Themes Transatlantic Defense ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 40124768 |  |  | 40124768 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 154921 |  |  | 154921 |
| Total Investments | 40279689 |  |  | 40279689 |
| 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 Transatlantic Defense ETF

- **b. EDGAR series identifier (if any):** S000085497

- **c. LEI of Series:** 529900QUWB78QWNRGQ63

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $37276276.90

**Total Liabilities:** $10156.43

**Net Assets:** $37266120.47

**Cash Not Reported:** $11158.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250780 | 5.02%                | 12.15%               | 5.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-131.76                 | $889630.93                                 |
| Month 2  | $547619.71               | $1735334.08                                |
| Month 3  | $5530.71                 | $1808445.34                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| General Electric Co            | General Electric Co                      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     12447 | NS      | $3203733.33   | 8.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Wesson Brands Inc      | Smith & Wesson Brands Inc                | CUSIP: 831754106<br>LEI: 5493004PFHUPOR1PWN79 | Long             | EC               | CORP              | US        |      1598 | NS      | $13870.64     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohort PLC                     | Cohort PLC                               | CUSIP: N/A<br>LEI: 213800WE61C73LZZNW11       | Long             | EC               | CORP              | GB        |       992 | NS      | $21105.80     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                       | Crane Co                                 | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |       908 | NS      | $172420.12    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                   | Ducommun Inc                             | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |       317 | NS      | $26193.71     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                    | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      4254 | NS      | $1240721.64   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                      | Airbus SE                                | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |     10973 | NS      | $2291206.55   | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                     | HEICO Corp                               | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       784 | NS      | $257152.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                              | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      1495 | NS      | $84452.55     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      4414 | NS      | $2044299.96   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc | National Presto Industries Inc           | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       128 | NS      | $12538.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aselsan Elektronik Sanayi Ve T | Aselsan Elektronik Sanayi Ve Ticaret AS  | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |     22607 | NS      | $85618.49     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK Group AG                  | RENK Group AG                            | CUSIP: N/A<br>LEI: 894500H8CNSZ53EI6K63       | Long             | EC               | CORP              | DE        |      1011 | NS      | $80815.21     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Colt CZ Group SE               | Colt CZ Group SE                         | CUSIP: N/A<br>LEI: 315700O990GR61YDGF96       | Long             | EC               | CORP              | CZ        |       492 | NS      | $16829.49     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Aircraft Ltd            | Cirrus Aircraft Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3681 | NS      | $20210.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                        | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |       491 | NS      | $139910.45    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc           | Amentum Holdings Inc                     | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      2686 | NS      | $63416.46     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc            | Archer Aviation Inc                      | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9345 | NS      | $101393.25    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                     | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      1708 | NS      | $246054.48    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      3586 | NS      | $899512.24    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc               | Leonardo DRS Inc                         | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      1226 | NS      | $56984.48     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc        | Mirion Technologies Inc                  | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |      3846 | NS      | $82804.38     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                       | Moog Inc                                 | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |       489 | NS      | $88494.33     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwire Corp                   | Redwire Corp                             | CUSIP: 75776W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1321 | NS      | $21532.30     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Exail Technologies SA          | Exail Technologies SA                    | CUSIP: N/A<br>LEI: 549300EWC06TYV07XE53       | Long             | EC               | CORP              | FR        |       324 | NS      | $37784.03     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Altinay Savunma Teknolojileri  | Altinay Savunma Teknolojileri AS         | CUSIP: N/A<br>LEI: 789000AJWY3NGXUEV977       | Long             | EC               | CORP              | TR        |      6670 | NS      | $13719.33     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                  | Boeing Co/The                            | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     13467 | NS      | $2821740.51   | 7.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC             | Chemring Group PLC                       | CUSIP: N/A<br>LEI: 213800U9A54VQJ5P2J41       | Long             | EC               | CORP              | GB        |      5101 | NS      | $39560.55     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      2564 | NS      | $1281948.72   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                | OSI Systems Inc                          | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       269 | NS      | $60487.34     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG            | MTU Aero Engines AG                      | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |      1007 | NS      | $447434.30    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC              | QinetiQ Group PLC                        | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |      9196 | NS      | $65070.80     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp                           | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |       849 | NS      | $28424.52     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     11773 | NS      | $2741696.24   | 7.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Machines Inc         | Intuitive Machines Inc                   | CUSIP: 46125A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1958 | NS      | $21283.46     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     18236 | NS      | $2662820.72   | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                      | Safran SA                                | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      5635 | NS      | $1831360.07   | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                   | Leonardo SpA                             | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |      7686 | NS      | $432588.18    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Aviation SA           | Dassault Aviation SA                     | CUSIP: N/A<br>LEI: 969500CVFTUT88V8QN95       | Long             | EC               | CORP              | FR        |       339 | NS      | $119877.73    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Avio SpA                       | Avio SpA                                 | CUSIP: N/A<br>LEI: 8156008F25C4B0E7C860       | Long             | EC               | CORP              | IT        |       770 | NS      | $21451.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc             | Cadre Holdings Inc                       | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |       451 | NS      | $14364.35     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bodycote PLC                   | Bodycote PLC                             | CUSIP: N/A<br>LEI: 213800V93QFW53NB7Y29       | Long             | EC               | CORP              | GB        |      3382 | NS      | $27134.18     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG                    | Hensoldt AG                              | CUSIP: N/A<br>LEI: 894500686FYLLZD3M624       | Long             | EC               | CORP              | DE        |      1174 | NS      | $134696.15    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd              | FTAI Aviation Ltd                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1910 | NS      | $219726.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries  | Huntington Ingalls Industries Inc        | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       746 | NS      | $180129.16    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Senior PLC                     | Senior PLC                               | CUSIP: N/A<br>LEI: 5493002HQHWN5JQHKQ51       | Long             | EC               | CORP              | GB        |      9700 | NS      | $24498.98     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                | Rocket Lab Corp                          | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7830 | NS      | $280079.10    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc            | TransDigm Group Inc                      | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       988 | NS      | $1502392.32   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Virgin Galactic Holdings Inc   | Virgin Galactic Holdings Inc             | CUSIP: 92766K403<br>LEI: 549300C631IMXCSMN048 | Long             | EC               | CORP              | US        |      3907 | NS      | $10666.11     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc      | Teledyne Technologies Inc                | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       882 | NS      | $451857.42    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SDT Uzay VE Savunma Teknolojil | SDT Uzay VE Savunma Teknolojileri AS     | CUSIP: N/A<br>LEI: 789000GK4YB4RJQ6U234       | Long             | EC               | CORP              | TR        |      2815 | NS      | $12782.04     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Byrna Technologies Inc         | Byrna Technologies Inc                   | CUSIP: 12448X201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       741 | NS      | $22882.08     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp            | Curtiss-Wright Corp                      | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       708 | NS      | $345893.40    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc            | Karman Holdings Inc                      | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       976 | NS      | $49161.12     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc  | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      2792 | NS      | $129688.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc              | Loar Holdings Inc                        | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       383 | NS      | $33003.11     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Melrose Industries PLC         | Melrose Industries PLC                   | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |     23884 | NS      | $174018.93    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                       | AAR Corp                                 | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |       645 | NS      | $44369.55     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                | BAE Systems PLC                          | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |     57893 | NS      | $1499137.22   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc            | Axon Enterprise Inc                      | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      1378 | NS      | $1140901.32   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    154921 | NS      | $154921.45    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                      | Thales SA                                | CUSIP: N/A<br>LEI: 529900FNDVTQJOVVPZ19       | Long             | EC               | CORP              | FR        |      1684 | NS      | $495124.92    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc           | Howmet Aerospace Inc                     | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      7690 | NS      | $1431339.70   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Bombardier Inc                 | Bombardier Inc                           | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |      1595 | NS      | $138961.48    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                        | Saab AB                                  | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |      5904 | NS      | $329244.62    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Rheinmetall AG                 | Rheinmetall AG                           | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |       851 | NS      | $1801381.74   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings In | Spirit AeroSystems Holdings Inc          | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2162 | NS      | $82480.30     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Group Inc              | Triumph Group Inc                        | CUSIP: 896818101<br>LEI: 5493007L6S47Q14SL582 | Long             | EC               | CORP              | US        |      1405 | NS      | $36178.75     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc            | Mercury Systems Inc                      | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |       981 | NS      | $52836.66     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                    | Textron Inc                              | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      3472 | NS      | $278766.88    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                 | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |    155142 | NS      | $2060552.89   | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc              | Joby Aviation Inc                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      8627 | NS      | $91014.85     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** Themes ETF Trust

**Signature:** /s/ Dobromir Kamburov

**Name of Signer:** Dobromir Kamburov

**Title:** Treasurer