# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-006486
**Filing Date:** 2026-2
**Character Count:** 31662
**Document Hash:** 0e96a0154ece1934917dc580dfce10cd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-006486.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000894189-26-006486

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**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:** 26694236

**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

### Defiance Quantum ETF (Series ID: S000062478)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000202668 | Defiance Quantum ETF | QTUM            |

## 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:** Defiance Quantum ETF

- **b. EDGAR series identifier (if any):** S000062478

- **c. LEI of Series:** 5493007JFTRI1DSFM452

**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:** $3388298878.80

**Total Liabilities:** $211774834.64

**Net Assets:** $3176524044.16

**Cash Not Reported:** $19161.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202668 | 9.63%                | -5.68%               | 1.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-204036.68              | $257200482.32                              |
| Month 2  | $30448481.92             | $-219744421.82                             |
| Month 3  | $107298313.64            | $-63776102.86                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Orange SA                                 | Orange SA                                  | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | EC               | CORP              | FR        |   2510535 | NS      | $41868786.55  | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Renesas Electronics Corp                  | Renesas Electronics Corp                   | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |   2853658 | NS      | $38960273.82  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ON Semiconductor Corp                     | ON Semiconductor Corp                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |    724858 | NS      | $39251060.70  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Onto Innovation Inc                       | Onto Innovation Inc                        | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |    237212 | NS      | $37446286.32  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Oracle Corp                               | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    179093 | NS      | $34907016.63  | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Palantir Technologies Inc                 | Palantir Technologies Inc                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    212546 | NS      | $37780051.50  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM Inc                              | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    219195 | NS      | $37493304.75  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Quantum Computing Inc                     | Quantum Computing Inc                      | CUSIP: 74766W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3179905 | NS      | $32625825.30  | 1.03%             |  |  |  | No            | 1                  | On Loan: —       |
| RadNet Inc                                | RadNet Inc                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    517822 | NS      | $36946599.70  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| RTX Corp                                  | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    228594 | NS      | $41924139.60  | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Rigetti Computing Inc                     | Rigetti Computing Inc                      | CUSIP: 76655K103<br>LEI: 52990024JHY459DH8W71 | Long             | EC               | CORP              | US        |   1529082 | NS      | $33869166.30  | 1.07%             |  |  |  | No            | 1                  | On Loan: —       |
| Salesforce Inc                            | Salesforce Inc                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    151173 | NS      | $40047239.43  | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    184436 | NS      | $40457880.96  | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| STMicroelectronics NV                     | STMicroelectronics NV                      | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |   1517463 | NS      | $39362990.22  | 1.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Synopsys Inc                              | Synopsys Inc                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     83938 | NS      | $39427357.36  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| TSMC                                      | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    128780 | NS      | $39134954.20  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradata Corp                             | Teradata Corp                              | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |   1261518 | NS      | $38400607.92  | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Wipro Ltd                                 | Wipro Ltd                                  | CUSIP: 97651M109<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |  13819932 | NS      | $39248606.88  | 1.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Quantum Emotion Corp                      | Quantum Emotion Corp                       | CUSIP: 74767K103<br>LEI: 984500T1YCBEAFFA0495 | Long             | EC               | CORP              | CA        |  18628394 | NS      | $68085539.99  | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Reply SpA                                 | Reply SpA                                  | CUSIP: N/A<br>LEI: 815600DAEFB0388F3521       | Long             | EC               | CORP              | IT        |    292219 | NS      | $39364760.88  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    173063 | NS      | $37565054.78  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    180378 | NS      | $38629752.48  | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |    251478 | NS      | $36861645.24  | 1.16%             |  |  |  | No            | 1                  | On Loan: —       |
| Alphabet Inc                              | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    124729 | NS      | $39040177.00  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Astera Labs Inc                           | Astera Labs Inc                            | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |    243067 | NS      | $40436626.12  | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BTQ Technologies Corp                     | BTQ Technologies Corp                      | CUSIP: 055869101<br>LEI: 9845009I0C867C156D63 | Long             | EC               | CORP              | CA        |   6015000 | NS      | $30796800.00  | 0.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Baidu Inc                                 | Baidu Inc                                  | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             | EC               | CORP              | CN        |    316806 | NS      | $41393871.96  | 1.30%             |  |  |  | No            | 1                  | On Loan: —       |
| Booz Allen Hamilton Holding Co            | Booz Allen Hamilton Holding Corp           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    429366 | NS      | $36221315.76  | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     96712 | NS      | $33472023.20  | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    118143 | NS      | $36929138.94  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Cirrus Logic Inc                          | Cirrus Logic Inc                           | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |    316029 | NS      | $37449436.50  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    497690 | NS      | $38337060.70  | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |    187106 | NS      | $36887947.90  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Airbus SE                                 | Airbus SE                                  | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |    176855 | NS      | $41209254.69  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ASM International NV                      | ASM International NV                       | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     62512 | NS      | $38000858.76  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Asustek Computer Inc                      | Asustek Computer Inc                       | CUSIP: N/A<br>LEI: 254900B3WB4OGRB7HM13       | Long             | EC               | CORP              | TW        |   2087316 | NS      | $36404550.15  | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Alchip Technologies Ltd                   | Alchip Technologies Ltd                    | CUSIP: N/A<br>LEI: 529900HKE9RIY07SLX84       | Long             | EC               | CORP              | TW        |    365102 | NS      | $40785729.70  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| ASML Holding NV                           | ASML Holding NV                            | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     35681 | NS      | $38173674.66  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Lattice Semiconductor Corp                | Lattice Semiconductor Corp                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    509369 | NS      | $37479371.02  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Lockheed Martin Corp                      | Lockheed Martin Corp                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     85352 | NS      | $41282201.84  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| MKS Inc                                   | MKS Inc                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    237906 | NS      | $38017378.80  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Marvell Technology Inc                    | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    431920 | NS      | $36704561.60  | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     83459 | NS      | $40362441.58  | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Microchip Technology Inc                  | Microchip Technology Inc                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |    588212 | NS      | $37480868.64  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |    151453 | NS      | $43226200.73  | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| MongoDB Inc                               | MongoDB Inc                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |     93446 | NS      | $39218351.74  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| MediaTek Inc                              | MediaTek Inc                               | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    849284 | NS      | $38652348.63  | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Nokia Oyj                                 | Nokia Oyj                                  | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |   6421159 | NS      | $41544898.73  | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi Electric Corp                  | Mitsubishi Electric Corp                   | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |   1347711 | NS      | $39422341.61  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| NEC Corp                                  | NEC Corp                                   | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |   1119405 | NS      | $37921723.50  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Northrop Grumman Corp                     | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     71917 | NS      | $41007792.57  | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 210601978 | NS      | $210601978.26 | 6.63%             |  |  |  | No            | N/A                | On Loan: No      |
| Analog Devices Inc                        | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    141845 | NS      | $38468364.00  | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Materials Inc                     | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    145155 | NS      | $37303383.45  | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| ARM Holdings PLC                          | ARM Holdings PLC                           | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    282219 | NS      | $30849358.89  | 0.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Hewlett Packard Enterprise Co             | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |   1581141 | NS      | $37979006.82  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Honeywell International Inc               | Honeywell International Inc                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    207953 | NS      | $40569550.77  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    237367 | NS      | $40632483.06  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| NVE Corp                                  | NVE Corp                                   | CUSIP: 629445206<br>LEI: 5299003C1ATTWX8X0112 | Long             | EC               | CORP              | US        |    551045 | NS      | $32693499.85  | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Hitachi Ltd                               | Hitachi Ltd                                | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |   1278725 | NS      | $39990493.80  | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Hon Hai Precision Industry Co             | Hon Hai Precision Industry Co Ltd          | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   5327000 | NS      | $39078738.40  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| NTT Inc                                   | NTT Inc                                    | CUSIP: N/A<br>LEI: 353800VHQU5VIXVUA841       | Long             | EC               | CORP              | JP        |  40138431 | NS      | $40382982.35  | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Nutanix Inc                               | Nutanix Inc                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |    833987 | NS      | $43108788.03  | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    217322 | NS      | $40530553.00  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Tokyo Electron Ltd                        | Tokyo Electron Ltd                         | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |    189000 | NS      | $41382372.64  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Teradyne Inc                              | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    195772 | NS      | $37893628.32  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Instruments Inc                     | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    219847 | NS      | $38141256.03  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Arqit Quantum Inc                         | Arqit Quantum Inc                          | CUSIP: N/A<br>LEI: 254900G93Z1SN49J9J68       | Long             | EC               | CORP              | GB        |   1378655 | NS      | $30164971.40  | 0.95%             |  |  |  | No            | 1                  | On Loan: —       |
| Tower Semiconductor Ltd                   | Tower Semiconductor Ltd                    | CUSIP: N/A<br>LEI: 54930086ZSNXZOUX0C54       | Long             | EC               | CORP              | IL        |    315704 | NS      | $37069963.68  | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Coherent Corp                             | Coherent Corp                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    202277 | NS      | $37334265.89  | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| CoreWeave Inc                             | CoreWeave Inc                              | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |    453035 | NS      | $32441836.35  | 1.02%             |  |  |  | No            | 1                  | On Loan: —       |
| D-Wave Quantum Inc                        | D-Wave Quantum Inc                         | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |   1490284 | NS      | $38970926.60  | 1.23%             |  |  |  | No            | 1                  | On Loan: —       |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3773756 | NS      | $3773756.00   | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Intel Corp                                | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    979392 | NS      | $36139564.80  | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| IBM                                       | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    127738 | NS      | $37837272.98  | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| IonQ Inc                                  | IonQ Inc                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |    772974 | NS      | $34683343.38  | 1.09%             |  |  |  | No            | 1                  | On Loan: —       |
| KLA Corp                                  | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     32238 | NS      | $39171749.04  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Infineon Technologies AG                  | Infineon Technologies AG                   | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |    934511 | NS      | $41410166.10  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke KPN NV                        | Koninklijke KPN NV                         | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |   8825952 | NS      | $41213897.48  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Fujitsu Ltd                               | Fujitsu Ltd                                | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |   1523930 | NS      | $42088060.03  | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ABB Ltd                                   | ABB Ltd                                    | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |    544828 | NS      | $40725420.21  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Unichip Corp                       | Global Unichip Corp                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    575991 | NS      | $38954850.34  | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Accenture PLC                             | Accenture PLC                              | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |    146718 | NS      | $39364439.40  | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Elastic NV                                | Elastic NV                                 | CUSIP: N/A<br>LEI: 2549003I48WHHH937I59       | Long             | EC               | CORP              | US        |    506399 | NS      | $38202740.56  | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer