# EDGAR Filing Document

**Accession Number:** 0001771146
**File Stem:** 0001004726-26-001114
**Filing Date:** 2026-2
**Character Count:** 34255
**Document Hash:** 2a6bb72b8efdb30646a0bd220e7b81da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001114.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001004726-26-001114

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Opportunities Trust
- **CENTRAL INDEX KEY:** 0001771146

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23439
- **FILM NUMBER:** 26685782

**BUSINESS ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 804-267-7400

**MAIL ADDRESS:**
- **STREET 1:** 8370 STONY POINT PARKWAY, SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

## Series and Classes Contracts Data

### Formidable ETF (Series ID: S000071248)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000226143 | Formidable ETF | FORH            |

## Nport-Ex

**1**

QUARTERLY REPORT

**FORMIDABLE ETF**

**Schedule of Investments** **December 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **83.80%** | **COMMON STOCKS** |  |  |
| **5.81%** | **COMMUNICATION SERVICES** |  |  |
|  | Lithium Argentina AG ADR<sup>(A)</sup><sup>(B)</sup>  | 140399  | $783426<br>|
|  | Pinterest, Inc.<sup>(A)</sup><sup>(B)</sup>  | 14400  | 372816 |
|  |  |  | 1156242 |
| **7.32%** | **CONSUMER DISCRETIONARY** |  |  |
|  | ADT, Inc.  | 48268  | 389523 |
|  | Aptiv plc ADR<sup>(A)</sup>  | 5781  | 439876 |
|  | Pearson plc ADR  | 21583  | 303025 |
|  | Texas Roadhouse, Inc.  | 1945  | 322870 |
|  |  |  | 1455294 |
| **2.85%** | **CONSUMER STAPLES** |  |  |
|  | Nomad Foods Ltd. ADR  | 45351  | 567341 |
| **6.66%** | **ENERGY** |  |  |
|  | Alliance Resource Partners LP  | 24505  | 569251 |
|  | Plains GP Holdings LP  | 19118  | 365919 |
|  | Viper Energy, Inc. Class A  | 10106  | 390395 |
|  |  |  | 1325565 |
| **12.62%** | **FINANCIALS** |  |  |
|  | Acacia Research Corp.<sup>(A)</sup>  | 437428  | 1635981 |
|  | Global Payments, Inc.<sup>(B)</sup>  | 5126  | 396752 |
|  | Patria Investments Ltd. ADR<sup>(B)</sup>  | 30143  | 478972 |
|  |  |  | 2511705 |
| **9.78%** | **HEALTH CARE** |  |  |
|  | Corcept Therapeutics, Inc.<sup>(A)</sup>  | 6231  | 216839 |
|  | CytomX Therapeutics, Inc.<sup>(A)</sup><sup>(B)</sup>  | 45763  | 194950 |
|  | Royalty Pharma Plc ADR<sup>(B)</sup>  | 31548  | 1219015 |
|  | Viking Therapeutics, Inc.<sup>(A)</sup>  | 8945  | 314685 |
|  |  |  | 1945489 |

---

**2**

QUARTERLY REPORT

**FORMIDABLE ETF**

**Schedule of Investments - continued** **December** **31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **15.62%** | **INDUSTRIALS** |  |  |
|  | Amentum Holdings, Inc.<sup>(A)</sup>  | 7163  | $207727<br>|
|  | Corecivic, Inc.<sup>(A)</sup><sup>(B)</sup>  | 18348  | 350630 |
|  | Flux Power Holdings, Inc.<sup>(A)</sup>  | 480066  | 609684 |
|  | Generac Holdings, Inc.<sup>(A)</sup>  | 2514  | 342834 |
|  | Genpact Ltd. ADR<sup>(B)</sup>  | 14741  | 689584 |
|  | Grupo Aeroportuario del Sureste S.A.B. de C.V. ADR  | 1321  | 427211 |
|  | Huron Consulting Group, Inc.<sup>(A)</sup>  | 2782  | 481036 |
|  |  |  | 3108706 |
| **7.32%** | **INFORMATION TECHNOLOGY** |  |  |
|  | DocuSign, Inc.<sup>(A)</sup>  | 4875  | 333450 |
|  | First Solar, Inc.<sup>(A)</sup>  | 1561  | 407780 |
|  | Itron, Inc.<sup>(A)</sup>  | 4220  | 391869 |
|  | Nice Systems Ltd. ADR<sup>(A)</sup><sup>(B)</sup>  | 2864  | 323747 |
|  |  |  | 1456846 |
| **8.85%** | **MATERIALS** |  |  |
|  | Lithium Americas Corp. ADR<sup>(A)</sup><sup>(B)</sup>  | 62187  | 271135 |
|  | Pan American Silver Corp. ADR<sup>(B)</sup>  | 15806  | 818909 |
|  | Royal Gold, Inc.  | 3021  | 671538 |
|  |  |  | 1761582 |
| **1.98%** | **REAL ESTATE** |  |  |
|  | EPR Properties REIT  | 7890  | 393711 |
| **4.99%** | **UTILITIES** |  |  |
|  | Brookfield Infrastructure Partners LP ADR  | 22633  | 786270 |
|  | Talen Energy Corp.<sup>(A)</sup>  | 553  | 207287 |
|  |  |  | 993557 |
| **83.80%** | **TOTAL COMMON STOCKS**  | **TOTAL COMMON STOCKS**  | 16676038 |
|  | (Cost: $18,117,459)  | (Cost: $18,117,459)  |  |

---

**3**

QUARTERLY REPORT

**FORMIDABLE ETF**

**Schedule of Investments - continued** **December** **31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Principal**  | **Value** |
| **16.07%** | **SHORT TERM INVESTMENTS** |  |  |
| **16.07%** | **DEBT SECURITIES** |  |  |
|  | US Treasury 02/12/2026 0.039%<sup>(C)</sup>  | $1035000<br>| $1030777<br>|
|  | US Treasury Bill 03/19/2026 0.035%<sup>(C)</sup> | 1005000 | 997541 |
|  | US Treasury Bill 04/09/2026 0.037%<sup>(C)</sup> | 1180000 | 1168823 |
| **16.07%** | **TOTAL SHORT TERM INVESTMENTS**  | **TOTAL SHORT TERM INVESTMENTS**  | $3197141<br>|
|  | (Cost: $3,195,719)  | (Cost: $3,195,719)  |  |

---

---

| | |
|:---|:---|
| **0.21%** | **OPTIONS PURCHASED<sup>(A)</sup>** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Number of Contracts** | **Notional Amount** | **Exercise Price** | **Expiration Date** | **Value** |
| **0.21%** | **PUT OPTIONS** |  |  |  |  |  |
|  | iShares iBoxx $ High Yield Corporate Bond ETF  | 2000 | &nbsp;&nbsp; $16126000<br>| $77.00<br>| 01/16/26 | $4000<br>|
|  | iShares iBoxx $ High Yield Corporate Bond ETF  | 1000 | &nbsp;&nbsp; 8063000 | 78.00 | 01/16/26 | 3000 |
|  | iShares iBoxx $ High Yield Corporate Bond ETF  | 750 | &nbsp;&nbsp; 6047250 | 79.00 | 01/16/26 | 2250 |
|  | iShares Russell 2000 ETF  | 100 | &nbsp;&nbsp; 2461600 | 233.00 | 01/16/26 | 4300 |
|  | iShares Russell 2000 ETF  | 100 | &nbsp;&nbsp; 2461600 | 230.00 | 01/30/26 | 8800 |
|  | iShares Russell 2000 ETF  | 125 | &nbsp;&nbsp; 3077000 | 235.00 | 01/30/26 | 19500 |
|  | iShares Russell 2000 ETF  | 150 | &nbsp;&nbsp; 3692400 | 225.00 | 12/31/25 | 150 |
|  |  |  |  |  |  | 42000 |
| **0.21%** | **TOTAL OPTIONS PURCHASED**  | **TOTAL OPTIONS PURCHASED**  | **TOTAL OPTIONS PURCHASED**  | **TOTAL OPTIONS PURCHASED**  | **TOTAL OPTIONS PURCHASED**  | 42000 |
|  | (Cost: $91,719)  | (Cost: $91,719)  | (Cost: $91,719)  | (Cost: $91,719)  | (Cost: $91,719)  |  |
| **100.08%** | **TOTAL INVESTMENTS**  | **TOTAL INVESTMENTS**  | **TOTAL INVESTMENTS**  | **TOTAL INVESTMENTS**  | **TOTAL INVESTMENTS**  | 19915179 |
|  | (Cost: $21,310,969)  | (Cost: $21,310,969)  | (Cost: $21,310,969)  | (Cost: $21,310,969)  | (Cost: $21,310,969)  |  |
| **(0.08%)** | Liabilities in excess of other assets  | Liabilities in excess of other assets  | Liabilities in excess of other assets  | Liabilities in excess of other assets  | Liabilities in excess of other assets  | (16196) |
| **100.00%** | **NET ASSETS**  | **NET ASSETS**  | **NET ASSETS**  | **NET ASSETS**  | **NET ASSETS**  | **$** **19898983**<br>|

---

<sup>(A)</sup>Non-income producing

<sup>(B)</sup>All or a portion of the security is held as collateral for options written

<sup>(C)</sup>Zero coupon security. The rate shown is the yield-to-maturity on the date of purchase.

ADR - Security represented is held by the custodian in the form of American Depositary Receipts.

REIT - Real Estate Investment Trust

**4**

QUARTERLY REPORT

**FORMIDABLE ETF**

**Schedule of Investments - continued** **December** **31, 2025 (unaudited)**

---

| | |
|:---|:---|
| **(0.62%** | **OPTIONS WRITTEN** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Description** | **Number of Contracts** | **Notional Amount** | **Exercise Price** | **Expiration Date** | **Value** |
| **(0.56%)** | **CALL OPTIONS** |  |  |  |  |  |
|  | CytomX Therapeutics, Inc. | 275  | $(117150)<br>| $4.00<br>| 01/16/26 | $(13750) |
|  | CytomX Therapeutics, Inc. | 125  | (53250) | 5.00 | 02/20/26 | (4500) |
|  | Corecivic, Inc.  | 75  | (143325) | 22.00 | 02/20/26 | (2325) |
|  | Genpact Ltd.  | 75  | (350850) | 55.00 | 02/20/26 | (2250) |
|  | Global Payments, Inc.  | 25  | (193500) | 90.00 | 02/20/26 | (3250) |
|  | Lithium Americas Corp.  | 300  | (130800) | 5.50 | 01/16/26 | (1500) |
|  | Lithium Argentina AG  | 960  | (535680) | 5.00 | 01/16/26 | (76800) |
|  | Lithium Argentina AG  | 300  | (167400) | 7.50 | 01/16/26 | (2400) |
|  | Pan American Silver Corp.  | 50  | (259050) | 61.00 | 01/16/26 | (2250) |
|  | Patria Investments Ltd.  | 75  | (119175) | 17.50 | 02/20/26 | (2812) |
|  | Pinterest, Inc.  | 45  | (116505) | 30.00 | 01/16/26 | (135) |
|  | **TOTAL CALL OPTIONS**  | **TOTAL CALL OPTIONS**  | **TOTAL CALL OPTIONS**  | **TOTAL CALL OPTIONS**  | **TOTAL CALL OPTIONS**  | (111972) |
|  | (Premiums Received: $69,687) | (Premiums Received: $69,687) | (Premiums Received: $69,687) |  |  |  |
| **(0.06%)** | **PUT OPTIONS** |  |  |  |  |  |
|  | iShares Russell 2000 ETF | 100  | (2461600) | 222 | 01/16/26 | (1100) |
|  | iShares Russell 2000 ETF | 100  | (2461600) | 220 | 01/30/26 | (3500) |
|  | iShares Russell 2000 ETF | 125  | (3077000) | 225 | 01/30/26 | (6625) |
|  | iShares Russell 2000 ETF | 150  | (3692400) | 205 | 12/31/25 | (1200) |
|  | **TOTAL PUT OPTIONS**  | **TOTAL PUT OPTIONS**  | **TOTAL PUT OPTIONS**  | **TOTAL PUT OPTIONS**  | **TOTAL PUT OPTIONS**  | (12425) |
|  | (Premiums Received: $24,241) | (Premiums Received: $24,241) | (Premiums Received: $24,241) |  |  |  |
| **(0.62%)** | **TOTAL OPTIONS WRITTEN**  | **TOTAL OPTIONS WRITTEN**  | **TOTAL OPTIONS WRITTEN**  | **TOTAL OPTIONS WRITTEN**  | **TOTAL OPTIONS WRITTEN**  | $(124397) |
|  | (Premiums Received: $93,928)  | (Premiums Received: $93,928)  | (Premiums Received: $93,928)  | (Premiums Received: $93,928)  | (Premiums Received: $93,928)  |  |

---

**5**

QUARTERLY REPORT

**FORMIDABLE ETF**

**Schedule of Investments - continued** **December** **31, 2025 (unaudited)**

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund's investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining 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 summarizes the inputs used to value the Fund's investments as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Assets** | **Quoted Prices** | **Other<br>Significant<br>Observable<br>Inputs** | **Significant<br>Unobservable<br>Inputs** | **Total** |
|  COMMON STOCKS  | $16676038<br>| $—<br>| $—<br>| $16676038<br>|
|  SHORT TERM INVESTMENTS | 3197141 |  |  | 3197141 |
|  OPTIONS PURCHASED  |  | 42000 |  | 42000 |
|  | $19873179<br>| $42000<br>| $—<br>| $19915179<br>|
|  **Liabilities**  |  |  |  |  |
|  OPTIONS WRITTEN  | $—<br>| $(124397) | $—<br>| $(124397) |

---

The cost of investments for Federal income tax purposes has been estimated a/o December 31, 2025 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $21,310,969, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
|  Gross unrealized appreciation  | $1179296<br>|
|  Gross unrealized depreciation  | (2699483) |
|  Net unrealized appreciation  | $(1520187) |

---

## 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 Opportunities Trust

- **b. Investment Company Act file number:** 811-23439

- **c. CIK number of Registrant:** 0001771146

- **d. LEI of Registrant:** 549300FWST5041130Z58

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

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 804-267-7400

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

- **a. Name of Series:** Formidable ETF

- **b. EDGAR series identifier (if any):** S000071248

- **c. LEI of Series:** 549300ZI1GRRTDXF6G90

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

- **a. Date of fiscal year-end:** 2026-03-31

- **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:** $20048298.17

**Total Liabilities:** $149314.70

**Net Assets:** $19898983.47

**Cash Not Reported:** $116692.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226143 | -3.43%               | 1.60%                | -2.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $95075.35                | $-826519.91                                |
| Month 2  | $54618.17                | $325763.52                                 |
| Month 3  | $111330.63               | $-522613.74                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TEXAS ROADHOUSE, INC.                           | TEXAS ROADHOUSE INC                       | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      1945 | NS      | $322870.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CORCEPT THERAPEUTICS INCORPORATED               | CORCEPT THERAPEUTICS INC                  | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      6231 | NS      | $216838.80    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DOCUSIGN, INC.                                  | DOCUSIGN INC                              | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      4875 | NS      | $333450.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       100 | NC      | $8800.00      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                       | PAN AMERICAN SILVER CORP CALL OPTION      | CUSIP: N/A<br>LEI: 549300MKTF5851TYIB83       | N/A              | DE               |  | CA        |       -50 | NC      | $-2250.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR, INC.                               | FIRST SOLAR INC                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1561 | NS      | $407780.03    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF   | ISHARES IBOXX HIGH YLD CORP PUT OPTION    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       750 | NC      | $2250.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                           | LITHIUM AMERICAS CORP NEW                 | CUSIP: 53681J103<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |     62187 | NS      | $271135.32    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CytomX Therapeutics Inc                         | CYTOMX THERAPEUTICS INC CALL OPTION       | CUSIP: N/A<br>LEI: 5493004VW2FW0QLL3345       | N/A              | DE               |  | US        |      -125 | NC      | $-4500.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| NICE LTD                                        | NICE LTD                                  | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             |  | CORP              | IL        |      2864 | NS      | $323746.56    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -125 | NC      | $-6625.00     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                                 | PINTEREST INC CALL OPTION                 | CUSIP: N/A<br>LEI: 529900Y043CEBGO4HB65       | N/A              | DE               |  | US        |       -45 | NC      | $-135.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CytomX Therapeutics Inc                         | CYTOMX THERAPEUTICS INC CALL OPTION       | CUSIP: N/A<br>LEI: 5493004VW2FW0QLL3345       | N/A              | DE               |  | US        |      -275 | NC      | $-13750.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners L.P.         | BROOKFIELD INFRASTRUCTURE PARTNERS LP     | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             |  | CORP              | BM        |     22633 | NS      | $786270.42    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                       | PAN AMERICAN SILVER CORP                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     15806 | NS      | $818908.86    | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY PHARMA PLC                              | ROYALTY PHARMA PLC                        | CUSIP: G7709Q104<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     31548 | NS      | $1219014.72   | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING GROUP INC.                     | HURON CONSULTING GROUP INC                | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      2782 | NS      | $481035.62    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CORECIVIC, INC.                                 | CORECIVIC INC                             | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     18348 | NS      | $350630.28    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                            | GLOBAL PAYMENTS INC                       | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      5126 | NS      | $396752.40    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PINTEREST, INC.                                 | PINTEREST INC                             | CUSIP: 72352L106<br>LEI: 529900Y043CEBGO4HB65 | Long             | EC               | CORP              | US        |     14400 | NS      | $372816.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS GP HOLDINGS, L.P                         | PLAINS GP HOLDINGS LP                     | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             |  | CORP              | US        |     19118 | NS      | $365918.52    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc                         | VIKING THERAPEUTICS INC                   | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |      8945 | NS      | $314685.10    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                            | LITHIUM ARGENTINA AG CALL OPTION          | CUSIP: N/A<br>LEI: 25490091H0GF6CS01G98       | N/A              | DE               |  | CH        |      -960 | NC      | $-76800.00    | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| PATRIA INVESTMENTS LTD.                         | PATRIA INVESTMENTS LTD                    | CUSIP: G69451105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     30143 | NS      | $478972.27    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Limited                             | NOMAD FOODS LTD                           | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |     45351 | NS      | $567341.01    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF   | ISHARES IBOXX HIGH YLD CORP PUT OPTION    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2000 | NC      | $4000.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                        | UNITED STATES TREASURY BILL               | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1005000 | PA      | $997541.44    | 5.01%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       125 | NC      | $19500.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT INC.                                        | ADT INC                                   | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48268 | NS      | $389522.76    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       150 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANCE RESOURCE PARTNERS, L.P.                | ALLIANCE RESOURCE PARTNERS LP             | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             |  | CORP              | US        |     24505 | NS      | $569251.15    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                                       | APTIV HOLDINGS LTD                        | CUSIP: G3265R107<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      5781 | NS      | $439876.29    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                  | EPR PROPERTIES                            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      7890 | NS      | $393711.00    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                               | TALEN ENERGY CORP                         | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       553 | NS      | $207286.52    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CORECIVIC, INC.                                 | CORECIVIC INC CALL OPTION                 | CUSIP: N/A<br>LEI: 529900JFA3K6PTLT8B15       | N/A              | DE               |  | US        |       -75 | NC      | $-2325.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AMENTUM HOLDINGS, INC.                          | AMENTUM HOLDINGS INC                      | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |      7163 | NS      | $207727.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ACACIA RESEARCH CORPORATION                     | ACACIA RESEARCH CORP                      | CUSIP: 003881307<br>LEI: 529900BCN7BE6ESPDZ72 | Long             | EC               | CORP              | US        |    437428 | NS      | $1635980.72   | 8.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste, S.A.B. de C.V. | GRUPO AEROPORTUARIO DEL SURESTE SAB DE CV | CUSIP: 40051E202<br>LEI: 5299001W7JIDXCUOUC82 | Long             |  | CORP              | MX        |      1321 | NS      | $427211.40    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GENPACT LIMITED                                 | GENPACT LTD                               | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     14741 | NS      | $689583.98    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL GOLD, INC.                                | ROYAL GOLD INC                            | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      3021 | NS      | $671538.09    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF   | ISHARES IBOXX HIGH YLD CORP PUT OPTION    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1000 | NC      | $3000.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRIA INVESTMENTS LTD.                         | PATRIA INVESTMENTS LTD CALL OPTION        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | KY        |       -75 | NC      | $-2812.50     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PEARSON PLC                                     | PEARSON PLC                               | CUSIP: 705015105<br>LEI: 2138004JBXWWJKIURC57 | Long             |  | CORP              | GB        |     21583 | NS      | $303025.32    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CytomX Therapeutics Inc                         | CYTOMX THERAPEUTICS INC                   | CUSIP: 23284F105<br>LEI: 5493004VW2FW0QLL3345 | Long             | EC               | CORP              | US        |     45763 | NS      | $194950.38    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       100 | NC      | $4300.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -150 | NC      | $-1200.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-1100.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                        | UNITED STATES TREASURY BILL               | CUSIP: 912797SL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1180000 | PA      | $1168822.71   | 5.87%             | 2026-04-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENPACT LIMITED                                 | GENPACT LTD CALL OPTION                   | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | N/A              | DE               |  | BM        |       -75 | NC      | $-2250.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp                           | LITHIUM AMERICAS CORP CALL OPTION         | CUSIP: N/A<br>LEI: 529900Q9ENG7EHHZ5R75       | N/A              | DE               |  | CA        |      -300 | NC      | $-1500.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                            | LITHIUM ARGENTINA AG CALL OPTION          | CUSIP: N/A<br>LEI: 25490091H0GF6CS01G98       | N/A              | DE               |  | CH        |      -300 | NC      | $-2400.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Argentina AG                            | LITHIUM ARGENTINA AG                      | CUSIP: H5012F103<br>LEI: 25490091H0GF6CS01G98 | Long             | EC               | CORP              | CH        |    140399 | NS      | $783426.42    | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                        | UNITED STATES TREASURY BILL               | CUSIP: 912797RT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1035000 | PA      | $1030776.93   | 5.18%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENERAC HOLDINGS INC.                           | GENERAC HOLDINGS INC                      | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      2514 | NS      | $342834.18    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                        | ISHARES RUSSELL 2000 ETF PUT OPTION       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-3500.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| FLUX POWER HOLDINGS, INC.                       | FLUX POWER HOLDINGS INC                   | CUSIP: 344057302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    480066 | NS      | $609683.82    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY, INC.                              | VIPER ENERGY INC                          | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10106 | NS      | $390394.78    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC.                            | GLOBAL PAYMENTS INC CALL OPTION           | CUSIP: N/A<br>LEI: 549300NOMHGVQBX6S778       | N/A              | DE               |  | US        |       -25 | NC      | $-3250.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ITRON, INC.                                     | ITRON INC                                 | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      4220 | NS      | $391869.20    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** ETF Opportunities Trust

**Signature:** Karen Shupe

**Name of Signer:** Karen Shupe

**Title:** Treasurer