# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001145549-25-055230
**Filing Date:** 2025-8
**Character Count:** 13377
**Document Hash:** 1b06ee1df842105c0c53c6df323c21c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055230.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055230

**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:** 251268806

**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:** 2025-06-30

**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:** $9767435.13

**Total Liabilities:** $674279.64

**Net Assets:** $9093155.49

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260028 |  | 6.89%                | 5.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $0.00                    | $165358.43                                 |
| Month 3  | $0.00                    | $353561.33                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pan Pacific International Hold | Pan Pacific International Holdings Corp | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763 | Long             | EC               | CORP              | JP        |     10400 | NS      | $357046.63    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| M3 Inc                         | M3 Inc                                  | CUSIP: N/A<br>LEI: 3538001UOKRWIODYM055 | Long             | EC               | CORP              | JP        |     13000 | NS      | $178694.31    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Resorttrust Inc                | Resorttrust Inc                         | CUSIP: N/A<br>LEI: 353800FM9MYWH105SE11 | Long             | EC               | CORP              | JP        |     31200 | NS      | $380374.54    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tomy Co Ltd                    | Tomy Co Ltd                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3900 | NS      | $87884.66     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Yonex Co Ltd                   | Yonex Co Ltd                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14300 | NS      | $287098.90    | 3.16%             |  |  |  | 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        |    334976 | NS      | $334976.14    | 3.68%             |  |  |  | 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        |     16900 | NS      | $486133.13    | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Smaregi Inc                    | Smaregi Inc                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13000 | NS      | $274498.94    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Next Holdings Co Ltd         | U-Next Holdings Co Ltd                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7800 | NS      | $124145.52    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Bus Consult               | OBIC Business Consultants Co Ltd        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5200 | NS      | $307330.82    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sega Sammy Holdings Inc        | Sega Sammy Holdings Inc                 | CUSIP: N/A<br>LEI: 5493006B6WMKNQ8QNP51 | Long             | EC               | CORP              | JP        |     11700 | NS      | $279853.92    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oro Co Ltd                     | Oro Co Ltd                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     20800 | NS      | $429550.35    | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| IG Port Inc                    | IG Port Inc                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     24700 | NS      | $373804.56    | 4.11%             |  |  |  | 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        |     13000 | NS      | $270898.96    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceres Inc/Japan                | Ceres Inc/Japan                         | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9100 | NS      | $157562.39    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AlphaPolis Co Ltd              | AlphaPolis Co Ltd                       | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28600 | NS      | $297592.86    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Furuno Electric Co Ltd         | Furuno Electric Co Ltd                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18200 | NS      | $473128.18    | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hikari Tsushin Inc             | Hikari Tsushin Inc                      | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94 | Long             | EC               | CORP              | JP        |      1300 | NS      | $383038.53    | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsuburaya Fields Holdings Inc  | Tsuburaya Fields Holdings Inc           | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19500 | NS      | $280663.92    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Internet Initiative Japan Inc  | Internet Initiative Japan Inc           | CUSIP: N/A<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |     13000 | NS      | $255869.02    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Transaction Co Ltd             | Transaction Co Ltd                      | CUSIP: N/A<br>LEI: 353800P5SK25ZQ3C7789 | Long             | EC               | CORP              | JP        |     11700 | NS      | $189539.27    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Furyu Corp                     | Furyu Corp                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37700 | NS      | $263869.99    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Visional Inc                   | Visional Inc                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      5200 | NS      | $399958.46    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Garage Inc             | Digital Garage Inc                      | CUSIP: N/A<br>LEI: 353800XMG9BC18FQ8862 | Long             | EC               | CORP              | JP        |     10400 | NS      | $340198.69    | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Starts Publishing Corp         | Starts Publishing Corp                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9100 | NS      | $262708.99    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kotobuki Spirits Co Ltd        | Kotobuki Spirits Co Ltd                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18200 | NS      | $259244.00    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanrio Co Ltd                  | Sanrio Co Ltd                           | CUSIP: N/A<br>LEI: 3538002Q5JQLOMSPH125 | Long             | EC               | CORP              | JP        |      3900 | NS      | $188135.28    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ULS Group Inc                  | ULS Group Inc                           | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9100 | NS      | $392488.49    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Finatext Holdings Ltd          | Finatext Holdings Ltd                   | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     41600 | NS      | $335230.71    | 3.69%             |  |  |  | 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        |     13000 | NS      | $319498.77    | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Macnica Holdings Inc           | Macnica Holdings Inc                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6500 | NS      | $87344.66     | 0.96%             |  |  |  | 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