# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001145549-25-055229
**Filing Date:** 2025-8
**Character Count:** 18036
**Document Hash:** c65fdee0270e36ff1798a0575786540d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055229.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055229

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251268805

**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 SPAC Active ETF (Series ID: S000078973)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000239792 | Horizon Kinetics SPAC Active ETF | SPAQ            |

## 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 SPAC Active ETF

- **b. EDGAR series identifier (if any):** S000078973

- **c. LEI of Series:** 549300AI8RU2XFLJZ173

**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:** $16511552.60

**Total Liabilities:** $11698.64

**Net Assets:** $16499853.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239792 | 0.73%                | 2.14%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $80951.92                | $51138.60                                  |
| Month 2  | $160364.30               | $110852.54                                 |
| Month 3  | $142807.85               | $15690.68                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| US BANK MMDA - USBGFS 7        | US BANK MMDA - USBGFS 7                    | CUSIP: N/A<br>LEI: N/A       | Long             | STIV             | RF                | US        |    223161 | NS      | $223160.78    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Silverbox Corp IV              | Silverbox Corp IV                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     43660 | NS      | $478513.60    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ALDEL FINANCIAL II INC         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     37377 | NS      | $19436.04     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionheart Holdings             | Lionheart Holdings                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     58612 | NS      | $617770.48    | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| LIONHEART HOLDINGS - CL A      | Lionheart Holdings                         | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     29306 | NS      | $10642.47     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Oaktree Acquisition Corp III L | Oaktree Acquisition Corp III Life Sciences | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     73266 | NS      | $767827.68    | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Flag Ship Acquisition Corp     | Flag Ship Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     58612 | NS      | $7613.70      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axiom Intelligence Acquisition | Axiom Intelligence Acquisition Corp 1      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | GB        |     82000 | NS      | $828200.00    | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BERTO ACQUISITION CORP         | BERTO ACQUISITION CORP                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     28996 | NS      | $312286.92    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Centurion Acquisition Corp     | Centurion Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     73266 | NS      | $775154.28    | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURION ACQUISITION CORP     | Centurion Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     36633 | NS      | $11722.56     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GigCapital7 Corp               | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     63636 | NS      | $658632.60    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAF GLOBAL CORP-CL A          | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     34540 | NS      | $9843.90      | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     67822 | NS      | $698566.60    | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Launch Two Acquisition Corp    | Launch Two Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     73266 | NS      | $763431.72    | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-Brigade Acquisition V Corp  | M3-Brigade Acquisition V Corp              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     39190 | NS      | $442455.10    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE ACQUISITION CORP I-A   | Oaktree Acquisition Corp III Life Sciences | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     14654 | NS      | $12823.72     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ROMAN DBDR ACQUISITION CORP    | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     33492 | NS      | $16746.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulpower Acquisition Corp     | Soulpower Acquisition Corp                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     44366 | NS      | $458744.44    | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| IB Acquisition Corp            | IB Acquisition Corp                        | CUSIP: 44934N116<br>LEI: N/A | Long             | EC               | CORP              | US        |     67822 | NS      | $3262.24      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldel Financial II Inc         | Aldel Financial II Inc                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     71173 | NS      | $746604.77    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hawk Acquisition Corp    | Black Hawk Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |      4186 | NS      | $4821.85      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHURCHILL CAPITAL CORP IX      | Churchill Capital Corp IX                  | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     14654 | NS      | $14654.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     66548 | NS      | $678789.60    | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Acquisition Corp II       | Ares Acquisition Corp II                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     60708 | NS      | $687821.64    | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GIGCAPITAL7 CORP-A             | GigCapital7 Corp                           | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     63636 | NS      | $10022.67     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Jackson Acquisition Co II      | Jackson Acquisition Co II                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     67822 | NS      | $18651.05     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Roman DBDR Acquisition Corp II | Roman DBDR Acquisition Corp II             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     66986 | NS      | $690625.66    | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wen Acquisition Corp           | Wen Acquisition Corp                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     23507 | NS      | $249174.20    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTESIAN GROWTH CORP III      | CARTESIAN GROWTH CORP III                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     23507 | NS      | $238125.91    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Era Acquisition Corp I   | Fifth Era Acquisition Corp I               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     55014 | NS      | $572145.60    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Legato Merger Corp III         | Legato Merger Corp III                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     66986 | NS      | $715410.48    | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LAUNCH TWO ACQUISITION- CL A   | Launch Two Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     36633 | NS      | $15385.86     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Oyster Enterprises II Acquisit | Oyster Enterprises II Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     62815 | NS      | $635687.80    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sizzle Acquisition Corp II     | Sizzle Acquisition Corp II                 | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     44366 | NS      | $451645.88    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Capital Corp X       | Churchill Capital Corp X                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     47015 | NS      | $484254.50    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Graf Global Corp               | Graf Global Corp                           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     69080 | NS      | $722576.80    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| M3-BRIGADE ACQUISITION V-A     | M3-Brigade Acquisition V Corp              | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     21633 | NS      | $37857.75     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYAGER ACQUISITION CORP       | Voyager Acquisition Corp                   | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     34540 | NS      | $10016.60     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Cantor Equity Partners III Inc | Cantor Equity Partners III Inc             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     25000 | NS      | $263750.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Drugs Made In America Acquisit | Drugs Made In America Acquisition Corp     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     66548 | NS      | $8311.85      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Energy Transition Corp  | Nabors Energy Transition Corp II           | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     40216 | NS      | $446397.60    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NewHold Investment Corp III    | NewHold Investment Corp III                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     48802 | NS      | $519741.30    | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SILVERBOX CORP IV-A            | Silverbox Corp IV                          | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     22887 | NS      | $26320.05     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Titan Acquisition Corp         | Titan Acquisition Corp                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     62112 | NS      | $640685.28    | 3.88%             |  |  |  | No            |                  2 | On Loan: No      |
| AA MISSION ACQUISITION COR-A   | AA Mission Acquisition Corp                | CUSIP: N/A<br>LEI: N/A       | N/A              | DE               | CORP              | US        |     31399 | NS      | $3510.41      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Water Acquisition Corp II | Blue Water Acquisition Corp III            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | US        |     50000 | NS      | $500250.00    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Listed Funds Trust

**Title:** Treasurer