# EDGAR Filing Document

**Accession Number:** 0001944285
**File Stem:** 0000894189-26-001079
**Filing Date:** 2026-1
**Character Count:** 20299
**Document Hash:** 42812779f3f7420d44b05057e54edfbc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-001079.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0000894189-26-001079

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tema ETF Trust
- **CENTRAL INDEX KEY:** 0001944285

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23823
- **FILM NUMBER:** 26548819

**BUSINESS ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036
- **BUSINESS PHONE:** 3024994928 EXT. 801

**MAIL ADDRESS:**
- **STREET 1:** 1919 M STREET, N.W., SUITE 700
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20036

## Series and Classes Contracts Data

### Tema Alternative Asset Managers ETF (Series ID: S000078303)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000239063 | Tema Alternative Asset Managers ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tema Alternative Asset Managers ETF** | **Tema Alternative Asset Managers ETF** | **Tema Alternative Asset Managers ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.4%** | **Shares** | **Value**  |
| **Capital Markets - 87.3% <sup>(a)</sup>** | **Capital Markets - 87.3% <sup>(a)</sup>** | |
| 3i Group PLC | 1380 | $57687 |
| Ares Management Corp. - Class A | 802 | 125794 |
| Blackstone, Inc. | 730 | 106887 |
| Blue Owl Capital, Inc. - Class A | 7492 | 112380 |
| Bridgepoint Group PLC <sup>(b)</sup> | 18310 | 68590 |
| Brookfield Asset Management Ltd. – Class A | 2189 | 115448 |
| Brookfield Corp. – Class A | 2709 | 127323 |
| Carlyle Group, Inc. | 2014 | 109823 |
| Cohen & Steers, Inc. | 936 | 59202 |
| CVC Capital Partners PLC <sup>(b)</sup> | 4360 | 72042 |
| DigitalBridge Group, Inc. – Class A | 10425 | 101227 |
| EQT AB | 3452 | 119562 |
| Gimv NV | 319 | 16731 |
| Hamilton Lane, Inc. - Class A | 960 | 118977 |
| ICG PLC | 4031 | 110772 |
| KKR & Co., Inc. | 967 | 118274 |
| Molten Ventures PLC <sup>(c)</sup> | 4970 | 32328 |
| Onex Corp. | 830 | 66105 |
| Partners Group Holding AG | 94 | 111522 |
| StepStone Group, Inc. - Class A | 1911 | 120699 |
| Tikehau Capital SCA | 1120 | 19780 |
| TPG, Inc. – Class A | 2179 | 128735 |
|  |  | 2019888 |
| **Financial Services - 11.6%** | **Financial Services - 11.6%** |  |
| Apollo Global Management, Inc. | 945 | 124598 |
| Eurazeo SE | 380 | 24097 |
| Kinnevik AB – Class B <sup>(c)</sup> | 2840 | 26381 |
| Sofina SA | 240 | 67727 |
| Wendel SE | 260 | 24256 |
|  |  | 267059 |
| **Metals & Mining - 0.5%** | **Metals & Mining - 0.5%** |  |
| Wheaton Precious Metals Corp. | 110 | 12106 |
| **TOTAL COMMON STOCKS** (Cost $2,453,226) | **TOTAL COMMON STOCKS** (Cost $2,453,226) | 2299053 |
| **SHORT-TERM INVESTMENTS**<br> **** | **SHORT-TERM INVESTMENTS**<br> **** | **SHORT-TERM INVESTMENTS**<br> **** |
| **MONEY MARKET FUNDS - 0.4%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.91% <sup>(d)</sup> | 9793 | 9793 |
| **TOTAL MONEY MARKET FUNDS** (Cost $9,793) | **TOTAL MONEY MARKET FUNDS** (Cost $9,793) | 9793 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $2,463,019**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $2,463,019**)** | 2308846 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 4349 |
| **TOTAL NET ASSETS - 100.0%** |  | $2313195 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

PLC - Public Limited Company<br>

(a) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of November 30, 2025, the value of these securities total $140,632 or 6.1% of the Fund's net assets.

(c) Non-income producing security.

(d) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### Tema ETF Trust

#### Tema Alternative Asset Managers ETF
Notes to Quarterly Schedule of Investments

November 30, 2025 (Unaudited)

#### Investment Valuation
The Fund discloses the fair value of their investments in a hierarchy that distinguishes between: (1) market participant assumptions developed based on market data obtained from sources independent of the Fund's (observable inputs) and (2) the Fund's own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs).

The three levels defined by the hierarchy are as follows:

**• Level 1** — Quoted prices in active markets for identical assets that the Fund's have the ability to access.

**• Level 2** — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

**• Level 3** — Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's investments as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
| **Investments:** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $2299053 | $– | $– | $2299053 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 9793 | – | – | 9793 |
| **Total Investments** | $2308846 | $– | $– | $2308846 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

---

| |
|:---|
| **Allocation of Portfolio Holdings by Country as of November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| United States | $1351837 | 58.4% |
| United Kingdom | 269377 | 11.7 |
| Canada | 205534 | 8.9 |
| Sweden | 145943 | 6.3 |
| Switzerland | 111522 | 4.8 |
| Belgium | 84458 | 3.6 |
| Luxembourg | 72042 | 3.1 |
| France | 68133 | 3.0 |
| Other Assets in Excess of Liabilities | 4349 | 0.2 |
|  | $**2313195** | 100.0<br> **%** |

---

---

| |
|:---|
| **Sector Classification as of November 30, 2025** |
| (% of Net Assets) |

---

---

| | | |
|:---|:---|:---|
| Financials | $2286947 | 98.9% |
| Materials | 12106 | 0.5 |
| Money Market Funds | 9793 | 0.4 |
| Other Assets in Excess of Liabilities | 4349 | 0.2 |
|  | $**2313195** | 100.0<br> **%** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23823

- **c. CIK number of Registrant:** 0001944285

- **d. LEI of Registrant:** 549300JKGDXNE2CLUY37

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

  - **Street Address 1:** 200 Vesey Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10281

  - **Telephone number:** 3024994928 EXT 801

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

- **a. Name of Series:** Tema Alternative Asset Managers ETF

- **b. EDGAR series identifier (if any):** S000078303

- **c. LEI of Series:** 5299000YID6IDN7NMD93

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**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:** $2314863.57

**Total Liabilities:** $1711.25

**Net Assets:** $2313152.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239063 |  | -5.56%               | -0.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $132.70                  | $-135494.22                                |
| Month 3  | $-2.15                   | $-18914.43                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apollo Global Management Inc   | Apollo Global Management Inc             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |       945 | NS      | $124598.25    | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                          | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |      2709 | NS      | $127323.00    | 5.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Lt | Brookfield Asset Management Ltd          | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | US        |      2189 | NS      | $115447.86    | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp                      | Onex Corp                                | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |       830 | NS      | $66105.41     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurazeo SE                     | Eurazeo SE                               | CUSIP: N/A<br>LEI: 969500C656AA39O94N60       | Long             | EC               | CORP              | FR        |       380 | NS      | $24096.96     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                        | TPG Inc                                  | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      2179 | NS      | $128735.32    | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Wheaton Precious Metals Corp   | Wheaton Precious Metals Corp             | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |       110 | NS      | $12105.50     | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The          | Carlyle Group Inc/The                    | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      2014 | NS      | $109823.42    | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc              | Hamilton Lane Inc                        | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |       960 | NS      | $118977.60    | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tikehau Capital SCA            | Tikehau Capital SCA                      | CUSIP: N/A<br>LEI: 969500BY8TEU16U3SJ94       | Long             | EC               | CORP              | FR        |      1120 | NS      | $19779.77     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                           | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       730 | NS      | $106886.60    | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc        | DigitalBridge Group Inc                  | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |     10425 | NS      | $101226.75    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sofina SA                      | Sofina SA                                | CUSIP: N/A<br>LEI: 5493000GMVR38VUO5D39       | Long             | EC               | CORP              | BE        |       240 | NS      | $67727.23     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Partners Group Holding AG      | Partners Group Holding AG                | CUSIP: N/A<br>LEI: 549300I3IVVWZWDHI788       | Long             | EC               | CORP              | CH        |        94 | NS      | $111521.85    | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgepoint Group PLC          | Bridgepoint Group PLC                    | CUSIP: N/A<br>LEI: 213800KFNMVI8PDZX472       | Long             | EC               | CORP              | GB        |     18310 | NS      | $68590.40     | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp                     | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |       802 | NS      | $125793.70    | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc             | Cohen & Steers Inc                       | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |       936 | NS      | $59202.00     | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                             | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |       967 | NS      | $118273.77    | 5.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CVC Capital Partners PLC       | CVC Capital Partners PLC                 | CUSIP: N/A<br>LEI: 213800E8UQS1KA32YD39       | Long             | EC               | CORP              | LU        |      4360 | NS      | $72041.87     | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gimv NV                        | Gimv NV                                  | CUSIP: N/A<br>LEI: 549300UFHGFY5IOON989       | Long             | EC               | CORP              | BE        |       319 | NS      | $16730.83     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group Inc            | StepStone Group Inc                      | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1911 | NS      | $120698.76    | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT AB                         | EQT AB                                   | CUSIP: N/A<br>LEI: 213800U7P9GOIRKCTB34       | Long             | EC               | CORP              | SE        |      3452 | NS      | $119562.13    | 5.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnevik AB                    | Kinnevik AB                              | CUSIP: N/A<br>LEI: 2138006PZH76JOS6MN27       | Long             | EC               | CORP              | SE        |      2840 | NS      | $26381.11     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendel SE                      | Wendel SE                                | CUSIP: N/A<br>LEI: 969500M98ZMIZYJD5O34       | Long             | EC               | CORP              | FR        |       260 | NS      | $24255.93     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ICG PLC                        | ICG PLC                                  | CUSIP: N/A<br>LEI: 549300OGASR5WRKJ8R68       | Long             | EC               | CORP              | GB        |      4031 | NS      | $110771.66    | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc           | Blue Owl Capital Inc                     | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7614 | NS      | $114210.00    | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |      9793 | NS      | $9792.81      | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                   | 3i Group PLC                             | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      1380 | NS      | $57687.24     | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Molten Ventures PLC            | Molten Ventures PLC                      | CUSIP: N/A<br>LEI: 213800IPCR3SAYJWSW10       | Long             | EC               | CORP              | GB        |      4970 | NS      | $32328.09     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

**Name of Applicant:** Tema ETF Trust

**Signature:** /s/ Josh Hunter

**Name of Signer:** Josh Hunter

**Title:** Treasurer