# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001193125-26-236594
**Filing Date:** 2026-5
**Character Count:** 18927
**Document Hash:** d5ff9cf07a15a1325d45c3edc3b85e7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-236594.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001193125-26-236594

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20260630

**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:** 261013289

**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

### Spear Alpha ETF (Series ID: S000072639)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000229040 | Spear Alpha ETF | SPRX            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Spear Alpha ETF** | **Spear Alpha ETF** | **Spear Alpha ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 91.9%** | **Shares**  | **Value**  |
| **Aerospace/Defense - 23.9%** | **Aerospace/Defense - 23.9%** | |
| AeroVironment, Inc. <sup>(a)</sup> | 45700 | $8365385 |
| Intuitive Machines, Inc. <sup>(a)</sup> | 231189 | 4290868 |
| Karman Holdings, Inc. <sup>(a)</sup> | 127974 | 10244319 |
| Kratos Defense & Security Solutions, Inc. <sup>(a)</sup> | 89439 | 6306344 |
| Rocket Lab Corp. <sup>(a)</sup> | 78224 | 5023545 |
|  |  | 34230461 |
| **Computer Data Security - 0.2%** | **Computer Data Security - 0.2%** |  |
| Crowdstrike Holdings, Inc. - Class A <sup>(a)</sup> | 851 | 332239 |
| **Computer Software - 0.4%** | **Computer Software - 0.4%** |  |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | 2679 | 552785 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 2 | 301 |
|  |  | 553086 |
| **Computers-Other - 3.2%** | **Computers-Other - 3.2%** |  |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 6500 | 4567940 |
| **Electric-Generation - 0.0% <sup>(b)</sup>** | **Electric-Generation - 0.0% <sup>(b)</sup>** |  |
| Constellation Energy Corp. | 16 | 4468 |
| **Electronic Components-Semiconductors - 8.5%** | **Electronic Components-Semiconductors - 8.5%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 2316 | 471144 |
| Marvell Technology, Inc. | 35802 | 3546188 |
| NVIDIA Corp. | 46520 | 8113088 |
|  |  | 12130420 |
| **Investment Companies - 4.8%** | **Investment Companies - 4.8%** |  |
| Terawulf, Inc. <sup>(a)</sup> | 474206 | 6842793 |
| **Lasers-Systems-Components - 8.6%** | **Lasers-Systems-Components - 8.6%** |  |
| Coherent Corp. <sup>(a)</sup> | 51712 | 12318315 |
| **Networking Products - 3.8%** | **Networking Products - 3.8%** |  |
| Arista Networks, Inc. <sup>(a)</sup> | 43919 | 5392375 |
| **Satellite Telecommunication - 7.8%** | **Satellite Telecommunication - 7.8%** |  |
| AST SpaceMobile, Inc. <sup>(a)</sup> | 69306 | 5743388 |
| EchoStar Corp. - Class A <sup>(a)</sup> | 45669 | 5346470 |
|  |  | 11089858 |
| **Semiconductor Equipment - 23.7%** | **Semiconductor Equipment - 23.7%** |  |
| Astera Labs, Inc. <sup>(a)</sup> | 46282 | 5072507 |
| KLA Corp. | 6887 | 10140488 |
| Lam Research Corp. | 31887 | 6812976 |
| MKS, Inc. | 35651 | 8192956 |
| Teradyne, Inc. | 12638 | 3746662 |
|  |  | 33965589 |
| **Telecommunication Equipment - 2.8%** | **Telecommunication Equipment - 2.8%** |  |
| Ciena Corp. <sup>(a)</sup> | 3938 | 1528849 |
| Credo Technology Group Holding Ltd. <sup>(a)</sup> | 26348 | 2473287 |
|  |  | 4002136 |
| **Telecommunication Services - 4.2%** | **Telecommunication Services - 4.2%** |  |
| Applied Digital Corp. <sup>(a)</sup> | 251886 | 5979774 |
| **TOTAL COMMON STOCKS** (Cost $129,164,771) | **TOTAL COMMON STOCKS** (Cost $129,164,771) | 131409454 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 8.2%** |  |  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(c)</sup> | 11790372 | 11790372 |
| **TOTAL MONEY MARKET FUNDS** (Cost $11,790,372) | **TOTAL MONEY MARKET FUNDS** (Cost $11,790,372) | 11790372 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $140,955,143**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $140,955,143**)** | 143199826 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (81629) |
| **TOTAL NET ASSETS - 100.0%** |  | $143118197 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Spear Alpha ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $131409454 | $– | $– | $131409454 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 11790372 | – | – | 11790372 |
| Total Investments | $143199826 | $– | $– | $143199826 |
| 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. |

---

## 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:** Spear Alpha ETF

- **b. EDGAR series identifier (if any):** S000072639

- **c. LEI of Series:** 5493008UAZ2YXP941O45

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $146100599.09

**Total Liabilities:** $2806845.47

**Net Assets:** $143293753.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229040 | 5.28%                | -3.80%               | -8.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1867831.53             | $9195772.59                                |
| Month 2  | $4369038.38              | $-9606139.80                               |
| Month 3  | $5723886.95              | $-18352484.86                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Crowdstrike Holdings Inc       | Crowdstrike Holdings Inc                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       851 | NS      | $332238.91    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                | Rocket Lab Corp                            | CUSIP: 773121108<br>LEI: 254900LNRW7906KUMM93 | Long             | EC               | CORP              | US        |     78224 | NS      | $5023545.28   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Digital Corp           | Applied Digital Corp                       | CUSIP: 038169207<br>LEI: 2549004NE2B6RYXINZ02 | Long             | EC               | CORP              | US        |    251886 | NS      | $5979773.64   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     31887 | NS      | $6812976.42   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     46520 | NS      | $8113088.00   | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                  | Snowflake Inc                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |         2 | NS      | $301.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     12638 | NS      | $3746661.48   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                   | Terawulf Inc                               | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Long             | EC               | CORP              | US        |    674206 | NS      | $9728792.58   | 6.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2316 | NS      | $471143.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     45700 | NS      | $8365385.00   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                  | Coherent Corp                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     51712 | NS      | $12318315.52  | 8.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |        16 | NS      | $4468.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Machines Inc         | Intuitive Machines Inc                     | CUSIP: 46125A100<br>LEI: 254900386IE2PEPLVM59 | Long             | EC               | CORP              | US        |    231189 | NS      | $4290867.84   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc            | AST SpaceMobile Inc                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     69306 | NS      | $5743388.22   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp                              | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     45669 | NS      | $5346469.83   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc            | Karman Holdings Inc                        | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127974 | NS      | $10244318.70  | 7.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc          | Lumentum Holdings Inc                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      6500 | NS      | $4567940.00   | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |     35802 | NS      | $3546188.10   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                       | KLA Corp                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      6887 | NS      | $10140487.67  | 7.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                | Astera Labs Inc                            | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     46282 | NS      | $5072507.20   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                     | Ciena Corp                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      3938 | NS      | $1528849.74   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc            | Arista Networks Inc                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     43919 | NS      | $5392374.82   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                 | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      2679 | NS      | $552784.86    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     35651 | NS      | $8192956.31   | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding | Credo Technology Group Holding Ltd         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     26348 | NS      | $2473286.76   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  11790372 | NS      | $11790372.05  | 8.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     89439 | NS      | $6306343.89   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-19

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Travis Babich

**Title:** Treasurer