# EDGAR Filing Document

**Accession Number:** 0001896670
**File Stem:** 0001410368-25-031759
**Filing Date:** 2025-11
**Character Count:** 26420
**Document Hash:** feace206ff87493acaefbe5692bc4981
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031759.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031759

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Thrivent ETF Trust
- **CENTRAL INDEX KEY:** 0001896670

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23759
- **FILM NUMBER:** 251524946

**BUSINESS ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE
- **STREET 2:** SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211
- **BUSINESS PHONE:** 612-844-7190

**MAIL ADDRESS:**
- **STREET 1:** 901 MARQUETTE AVENUE
- **STREET 2:** SUITE 2500
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402-3211

## Series and Classes Contracts Data

### Thrivent Small-Mid Cap Equity ETF (Series ID: S000075337)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000234286 | Thrivent Small-Mid Cap Equity ETF | TSME            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Thrivent ETF Trust

- **b. Investment Company Act file number:** 811-23759

- **c. CIK number of Registrant:** 0001896670

- **d. LEI of Registrant:** 549300TD5WNREV0BEU12

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

  - **Street Address 1:** 901 MARQUETTE AVENUE

  - **City:** MINNEAPOLIS

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55402-3211

  - **Telephone number:** 612-844-7190

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

- **a. Name of Series:** Thrivent Small-Mid Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000075337

- **c. LEI of Series:** 549300GX7BZWJZP1MT76

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $648029664.32

**Total Liabilities:** $305133.84

**Net Assets:** $647724530.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234286 | 7.06%                | 3.81%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4693074.94              | $29099355.66                               |
| Month 2  | $4886089.40              | $14448333.10                               |
| Month 3  | $4703613.68              | $-4963776.70                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Zebra Technologies Corp            | Zebra Technologies Corp                                      | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |     24769 | NS      | $7360356.04   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                 | Champion Homes Inc                                           | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77388 | NS      | $5910121.56   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc   | Colliers International Group Inc                             | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     54556 | NS      | $8522192.76   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                    | Core & Main Inc                                              | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    222241 | NS      | $11963233.03  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc      | Advanced Drainage Systems Inc                                | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     50842 | NS      | $7051785.40   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                   | IES Holdings Inc                                             | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |     26931 | NS      | $10709112.15  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                  | Tractor Supply Co                                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    144308 | NS      | $8206795.96   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc         | Climb Global Solutions Inc                                   | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |     91869 | NS      | $12387615.96  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                 | nVent Electric PLC                                           | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |    132439 | NS      | $13063782.96  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd             | Arch Capital Group Ltd                                       | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     91320 | NS      | $8285463.60   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc              | Burlington Stores Inc                                        | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     24156 | NS      | $6147702.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc          | Merit Medical Systems Inc                                    | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     61467 | NS      | $5115898.41   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                        | Hawkins Inc                                                  | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     34806 | NS      | $6359752.32   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc         | Casey's General Stores Inc                                   | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     21826 | NS      | $12338674.32  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                   | InterDigital Inc                                             | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26657 | NS      | $9202796.11   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc              | Triumph Financial Inc                                        | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    113164 | NS      | $5662726.56   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                | Viking Holdings Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    150704 | NS      | $9367760.64   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                | Churchill Downs Inc                                          | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     56375 | NS      | $5468938.75   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co            | Modine Manufacturing Co                                      | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    110163 | NS      | $15660772.08  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC          | Gates Industrial Corp PLC                                    | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    464403 | NS      | $11526482.46  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                       | Appfolio Inc                                                 | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |     18993 | NS      | $5235610.38   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                      | Coherent Corp                                                | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     85444 | NS      | $9204027.68   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc             | Group 1 Automotive Inc                                       | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     26861 | NS      | $11751956.11  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                   | Knife River Corp                                             | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66346 | NS      | $5100017.02   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc        | Raymond James Financial Inc                                  | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     53180 | NS      | $9178868.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CompoSecure Inc                    | CompoSecure Inc                                              | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    603425 | NS      | $12563308.50  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                  | Talen Energy Corp                                            | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |     22127 | NS      | $9412383.26   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                      | Celestica Inc                                                | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     51874 | NS      | $12780716.12  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                   | Ryder System Inc                                             | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     56728 | NS      | $10701169.92  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                   | I3 Verticals Inc                                             | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |    322111 | NS      | $10455723.06  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                         | Arcosa Inc                                                   | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     65047 | NS      | $6095554.37   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                           | Saia Inc                                                     | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     20204 | NS      | $6048269.44   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc              | ICF International Inc                                        | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     10613 | NS      | $984886.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc             | Patrick Industries Inc                                       | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    110463 | NS      | $11425188.09  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                | Quanta Services Inc                                          | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     21365 | NS      | $8854083.30   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute Inc  | Universal Technical Institute Inc                            | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    324011 | NS      | $10546558.05  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp               | Ares Management Corp                                         | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     55213 | NS      | $8828006.57   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                      | REV Group Inc                                                | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |    126925 | NS      | $7192839.75   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                 | Steel Dynamics Inc                                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     51662 | NS      | $7203232.66   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc               | OneMain Holdings Inc                                         | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |    212853 | NS      | $12017680.38  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc           | Turning Point Brands Inc                                     | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |    135822 | NS      | $13427362.92  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc               | Kyndryl Holdings Inc                                         | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    492507 | NS      | $14789985.21  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc               | Labcorp Holdings Inc                                         | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49664 | NS      | $14256547.84  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp | Enterprise Financial Services Corp                           | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    155501 | NS      | $9015947.98   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors       | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  13453949 | NS      | $13453949.31  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                       | Bel Fuse Inc                                                 | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |    142845 | NS      | $20144001.90  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp            | CECO Environmental Corp                                      | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    337729 | NS      | $17291724.80  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                     | Littelfuse Inc                                               | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     45841 | NS      | $11873277.41  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co             | International Paper Co                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    184806 | NS      | $8574998.40   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                       | NiSource Inc                                                 | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    196730 | NS      | $8518409.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                    | Bio-Techne Corp                                              | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    150000 | NS      | $8344500.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc            | MDU Resources Group Inc                                      | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    511246 | NS      | $9105291.26   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                   | HealthEquity Inc                                             | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     67233 | NS      | $6371671.41   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                 | LSI Industries Inc                                           | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    435728 | NS      | $10287538.08  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc          | Kinsale Capital Group Inc                                    | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     12139 | NS      | $5162231.14   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corp | Federal Agricultural Mortgage Corp                           | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |     53787 | NS      | $9035140.26   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc           | Builders FirstSource Inc                                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     57019 | NS      | $6913553.75   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc               | Limbach Holdings Inc                                         | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |    135977 | NS      | $13206086.24  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                | Federal Signal Corp                                          | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    102912 | NS      | $12245498.88  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc    | Installed Building Products Inc                              | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     40009 | NS      | $9868619.94   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                  | FTAI Aviation Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    105307 | NS      | $17571526.02  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                         | STERIS PLC                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     42608 | NS      | $10542923.52  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                     | SharkNinja Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    114371 | NS      | $11797368.65  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                      | TopBuild Corp                                                | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     22427 | NS      | $8765817.22   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp    | Old Republic International Corp                              | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    246777 | NS      | $10480619.19  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc              | Element Solutions Inc                                        | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    435636 | NS      | $10964958.12  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-14

**Name of Applicant:** Thrivent ETF Trust

**Signature:** Sarah L. Bergstrom

**Name of Signer:** Sarah L. Bergstrom

**Title:** Treasurer and Principal Accounting Officer