# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-25-054035
**Filing Date:** 2025-8
**Character Count:** 20478
**Document Hash:** 2a5484029c206c580449582ece7d6fb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-054035.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001145549-25-054035

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 251258124

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

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

## Series and Classes Contracts Data

### U.S. Global Jets ETF (Series ID: S000048544)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000153068 | U.S. Global Jets ETF | JETS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

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

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

- **a. Name of Series:** U.S. Global Jets ETF

- **b. EDGAR series identifier (if any):** S000048544

- **c. LEI of Series:** 549300UL07KE1VGTTL75

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

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

- **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:** $953172419.93

**Total Liabilities:** $138810620.21

**Net Assets:** $814361799.72

**Cash Not Reported:** $24866445.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000153068 | -4.68%               | 14.36%               | 1.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8198.43                 | $-32065622.15                              |
| Month 2  | $12656497.04             | $95078731.94                               |
| Month 3  | $17290491.35             | $-5192182.14                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| First American Government Obli            | First American Government Obligations Fund   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3964714 | NS      | $3964713.82   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Frontier Group Holdings Inc               | Frontier Group Holdings Inc                  | CUSIP: 35909R108<br>LEI: 549300DT3Y2BHO6G7T02 | Long             | EC               | CORP              | US        |   6204862 | NS      | $22523649.06  | 2.77%             |  |  |  | No            | 1                  | On Loan: —       |
| JetBlue Airways Corp                      | JetBlue Airways Corp                         | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |   5021419 | NS      | $21240602.37  | 2.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Latam Airlines Group SA                   | Latam Airlines Group SA                      | CUSIP: 51817R205<br>LEI: 549300HX3UUDPEFTG707 | Long             | EC               | CORP              | CL        |    107017 | NS      | $4349170.88   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Qantas Airways Ltd                        | Qantas Airways Ltd                           | CUSIP: N/A<br>LEI: YLXNW6TI6QSK1H8H0N82       | Long             | EC               | CORP              | AU        |   1204987 | NS      | $8517490.59   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Singapore Airlines Ltd                    | Singapore Airlines Ltd                       | CUSIP: N/A<br>LEI: 549300ZG62N2599PWR15       | Long             | EC               | CORP              | SG        |    773970 | NS      | $4242682.58   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Norwegian Air Shuttle ASA                 | Norwegian Air Shuttle ASA                    | CUSIP: N/A<br>LEI: 549300IEUH2FEM2Y6B51       | Long             | EC               | CORP              | NO        |   2969238 | NS      | $4299465.11   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryanair Holdings PLC                      | Ryanair Holdings PLC                         | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    140783 | NS      | $8118955.61   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabre Corp                                | Sabre Corp                                   | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |   5646761 | NS      | $17843764.76  | 2.19%             |  |  |  | No            | 1                  | On Loan: —       |
| SkyWest Inc                               | SkyWest Inc                                  | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |    240403 | NS      | $24754296.91  | 3.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Southwest Airlines Co                     | Southwest Airlines Co                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   2657069 | NS      | $86195318.36  | 10.58%            |  |  |  | No            | 1                  | On Loan: —       |
| Sun Country Airlines Holdings             | Sun Country Airlines Holdings Inc            | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |   2076107 | NS      | $24394257.25  | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Textron Inc                               | Textron Inc                                  | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    212794 | NS      | $17085230.26  | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Trip.com Group Ltd                        | Trip.com Group Ltd                           | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | SG        |    134738 | NS      | $7901036.32   | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| TripAdvisor Inc                           | TripAdvisor Inc                              | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |   1163738 | NS      | $15186780.90  | 1.86%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 113047941 | NS      | $113047941.25 | 13.88%            |  |  |  | No            | N/A                | On Loan: No      |
| Turk Hava Yollari AO                      | Turk Hava Yollari AO                         | CUSIP: N/A<br>LEI: 789000EV8M3BL7ZPFB03       | Long             | EC               | CORP              | TR        |   1119391 | NS      | $7969997.01   | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Airlines Co Ltd                     | Japan Airlines Co Ltd                        | CUSIP: N/A<br>LEI: 3538002MH5L1QZZ93477       | Long             | EC               | CORP              | JP        |    206623 | NS      | $4220558.69   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Pegasus Hava Tasimaciligi AS              | Pegasus Hava Tasimaciligi AS                 | CUSIP: N/A<br>LEI: 789000B1MW5PQ58A8T03       | Long             | EC               | CORP              | TR        |    608161 | NS      | $3925317.74   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Tongcheng Travel Holdings Ltd             | Tongcheng Travel Holdings Ltd                | CUSIP: G8918W106<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |   1525819 | NS      | $3805825.01   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Flughafen Zurich AG                       | Flughafen Zurich AG                          | CUSIP: N/A<br>LEI: 529900PFO97GCN5SYB55       | Long             | EC               | CORP              | CH        |     15350 | NS      | $4372172.16   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| MakeMyTrip Ltd                            | MakeMyTrip Ltd                               | CUSIP: N/A<br>LEI: 529900DNT8HNJ7RYUO60       | Long             | EC               | CORP              | IN        |     42204 | NS      | $4136836.08   | 0.51%             |  |  |  | No            | 1                  | On Loan: —       |
| United Airlines Holdings Inc              | United Airlines Holdings Inc                 | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |   1102816 | NS      | $87817238.08  | 10.78%            |  |  |  | No            | 1                  | On Loan: No      |
| Embraer SA                                | Embraer SA                                   | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |    175040 | NS      | $9961526.40   | 1.22%             |  |  |  | No            | 1                  | On Loan: —       |
| Expedia Group Inc                         | Expedia Group Inc                            | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95298 | NS      | $16074866.64  | 1.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Alaska Air Group Inc                      | Alaska Air Group Inc                         | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    479052 | NS      | $23703492.96  | 2.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Allegiant Travel Co                       | Allegiant Travel Co                          | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |    430153 | NS      | $23636907.35  | 2.90%             |  |  |  | No            | 1                  | On Loan: No      |
| American Airlines Group Inc               | American Airlines Group Inc                  | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7718224 | NS      | $86598473.28  | 10.63%            |  |  |  | No            | 1                  | On Loan: No      |
| Boeing Co/The                             | Boeing Co/The                                | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     77873 | NS      | $16316729.69  | 2.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Booking Holdings Inc                      | Booking Holdings Inc                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3018 | NS      | $17471926.32  | 2.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Delta Air Lines Inc                       | Delta Air Lines Inc                          | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |   1766167 | NS      | $86860093.06  | 10.67%            |  |  |  | No            | 1                  | On Loan: No      |
| Airbus SE                                 | Airbus SE                                    | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |     44409 | NS      | $9272777.90   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Lufthansa AG                     | Deutsche Lufthansa AG                        | CUSIP: N/A<br>LEI: 529900PH63HYJ86ASW55       | Long             | EC               | CORP              | DE        |    483722 | NS      | $4091178.26   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| ANA Holdings Inc                          | ANA Holdings Inc                             | CUSIP: N/A<br>LEI: 5493008IRKIY0G3TE305       | Long             | EC               | CORP              | JP        |    201494 | NS      | $3949285.20   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Cathay Pacific Airways Ltd                | Cathay Pacific Airways Ltd                   | CUSIP: N/A<br>LEI: EQNZNT235RBOJ6LJQZ02       | Long             | EC               | CORP              | HK        |   3190612 | NS      | $4349014.76   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| El Al Israel Airlines                     | El Al Israel Airlines                        | CUSIP: N/A<br>LEI: 549300TW18OUVFDCDP95       | Long             | EC               | CORP              | IL        |   1015049 | NS      | $3977866.22   | 0.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Air China Ltd                             | Air China Ltd                                | CUSIP: N/A<br>LEI: 213800I9TWC9K22N4502       | Long             | EC               | CORP              | CN        |   5407237 | NS      | $4105393.35   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Amadeus IT Group SA                       | Amadeus IT Group SA                          | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |     95362 | NS      | $8029490.96   | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| easyJet PLC                               | easyJet PLC                                  | CUSIP: N/A<br>LEI: 2138001S47XKWIB7TH90       | Long             | EC               | CORP              | GB        |    521418 | NS      | $3809074.01   | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Airports of Thailand PCL                  | Airports of Thailand PCL                     | CUSIP: N/A<br>LEI: 5299006VS4CU6LW0TY22       | Long             | EC               | CORP              | TH        |   4378694 | NS      | $4074456.68   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Air France-KLM                            | Air France-KLM                               | CUSIP: N/A<br>LEI: 969500AQW31GYO8JZD66       | Long             | EC               | CORP              | FR        |    395846 | NS      | $4315030.55   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| Bombardier Inc                            | Bombardier Inc                               | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |    217908 | NS      | $18984839.45  | 2.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Air Canada                                | Air Canada                                   | CUSIP: 008911877<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | EC               | CORP              | CA        |   1773663 | NS      | $27443421.63  | 3.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Copa Holdings SA                          | Copa Holdings SA                             | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     40269 | NS      | $4428381.93   | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| General Dynamics Corp                     | General Dynamics Corp                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     59749 | NS      | $17426393.34  | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Aeroportuario del Surest            | Grupo Aeroportuario del Sureste SAB de CV    | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     13279 | NS      | $4234274.73   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Aeroportuario del Pacifi            | Grupo Aeroportuario del Pacifico SAB de CV   | CUSIP: P4959P100<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    170181 | NS      | $3895811.26   | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| International Consolidated Air            | International Consolidated Airlines Group SA | CUSIP: N/A<br>LEI: 959800TZHQRUSH1ESL13       | Long             | EC               | CORP              | GB        |   1772544 | NS      | $8301652.84   | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeroports de Paris SA                     | Aeroports de Paris SA                        | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |     34087 | NS      | $4272268.38   | 0.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Aena SME SA                               | Aena SME SA                                  | CUSIP: N/A<br>LEI: 959800R7QMXKF0NFMT29       | Long             | EC               | CORP              | ES        |    305839 | NS      | $8163584.44   | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-19

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer