# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0000894189-26-005037
**Filing Date:** 2026-2
**Character Count:** 13905
**Document Hash:** 8471f39c32a67c6dec9b0fd053d4dfc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005037.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005037

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23226
- **FILM NUMBER:** 26678178

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

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

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

## Series and Classes Contracts Data

### Horizon Kinetics Japan Owner Operator ETF (Series ID: S000092105)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000260028 | Horizon Kinetics Japan Owner Operator ETF | JAPN            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

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

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

- **a. Name of Series:** Horizon Kinetics Japan Owner Operator ETF

- **b. EDGAR series identifier (if any):** S000092105

- **c. LEI of Series:** 529900NMVE880LQBLG33

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $24976436.97

**Total Liabilities:** $27531.77

**Net Assets:** $24948905.20

**Delayed Delivery Securities:** $3583.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260028 | -3.30%               | -3.08%               | -3.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44.02                  | $-778817.88                                |
| Month 2  | $-1247.98                | $-735533.93                                |
| Month 3  | $73623.91                | $-1003064.48                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OBIC Bus Consult               | OBIC Business Consultants Co Ltd        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15600 | NS      | $841282.34    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kotobuki Spirits Co Ltd        | Kotobuki Spirits Co Ltd                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     54600 | NS      | $638500.75    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| M&A Capital Partners Co Ltd    | M&A Capital Partners Co Ltd             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     45700 | NS      | $982544.90    | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Visional Inc                   | Visional Inc                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15600 | NS      | $996242.30    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Net Protections Holdings Inc   | Net Protections Holdings Inc            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     75000 | NS      | $251682.67    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AlphaPolis Co Ltd              | AlphaPolis Co Ltd                       | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     85800 | NS      | $897165.46    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Holdings Inc           | Macnica Holdings Inc                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19500 | NS      | $297641.07    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Garage Inc             | Digital Garage Inc                      | CUSIP: N/A<br>LEI: 353800XMG9BC18FQ8862 | Long             | EC               | CORP              | JP        |     15200 | NS      | $262408.37    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Furuno Electric Co Ltd         | Furuno Electric Co Ltd                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     54600 | NS      | $2779725.03   | 11.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Yonex Co Ltd                   | Yonex Co Ltd                            | CUSIP: N/A<br>LEI: 353800AI38G8HRG7UJ91 | Long             | EC               | CORP              | JP        |     42900 | NS      | $908660.56    | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Port Inc                    | IG Port Inc                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     74100 | NS      | $619292.48    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikari Tsushin Inc             | Hikari Tsushin Inc                      | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |      3900 | NS      | $1088551.47   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                         | M3 Inc                                  | CUSIP: N/A<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |     39000 | NS      | $525988.07    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Resorttrust Inc                | Resorttrust Inc                         | CUSIP: N/A<br>LEI: 353800FM9MYWH105SE11 | Long             | EC               | CORP              | JP        |     93600 | NS      | $1171903.41   | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan Pacific International Hold | Pan Pacific International Holdings Corp | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |    156000 | NS      | $927868.83    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc        | Sega Sammy Holdings Inc                 | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |     35100 | NS      | $548182.08    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc  | Internet Initiative Japan Inc           | CUSIP: N/A<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |     39000 | NS      | $688088.93    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ULS Group Inc                  | ULS Group Inc                           | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    273000 | NS      | $1187827.36   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| KeePer Technical Laboratory Co | KeePer Technical Laboratory Co Ltd      | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     39000 | NS      | $875817.41    | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Co Ltd                  | Sanrio Co Ltd                           | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |     11700 | NS      | $367022.23    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Smaregi Inc                    | Smaregi Inc                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13000 | NS      | $253373.31    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tomy Co Ltd                    | Tomy Co Ltd                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11700 | NS      | $205829.53    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Starts Publishing Corp         | Starts Publishing Corp                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     27300 | NS      | $662710.13    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsuburaya Fields Holdings Inc  | Tsuburaya Fields Holdings Inc           | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     58500 | NS      | $692318.73    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBGFS 7        | US BANK MMDA - USBGFS 7                 | CUSIP: N/A<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1596063 | NS      | $1596062.96   | 6.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Transaction Co Ltd             | Transaction Co Ltd                      | CUSIP: N/A<br>LEI: 353800P5SK25ZQ3C7789 | Long             | EC               | CORP              | JP        |     70200 | NS      | $491751.57    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Holding | Japan Elevator Service Holdings Co Ltd  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    101400 | NS      | $1124654.06   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Oro Co Ltd                     | Oro Co Ltd                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     62400 | NS      | $834017.03    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Finatext Holdings Ltd          | Finatext Holdings Ltd                   | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    124800 | NS      | $787439.47    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceres Inc/Japan                | Ceres Inc/Japan                         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     27300 | NS      | $338408.88    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Next Holdings Co Ltd         | U-Next Holdings Co Ltd                  | CUSIP: N/A<br>LEI: 5299008NVOZT1CQ62M22 | Long             | EC               | CORP              | JP        |     23400 | NS      | $298872.69    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Furyu Corp                     | Furyu Corp                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    113100 | NS      | $770619.80    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Listed Funds Trust

**Title:** Treasurer