# EDGAR Filing Document

**Accession Number:** 0001683471
**File Stem:** 0001193125-26-236586
**Filing Date:** 2026-5
**Character Count:** 20336
**Document Hash:** add26ef3c1038b6659afdc29b70a92b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-236586.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001193125-26-236586

**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**: 20261231

**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:** 261013277

**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 Texas ETF (Series ID: S000100870)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000270791 | Horizon Kinetics Texas ETF | TEXX            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Horizon Kinetics Texas ETF** | **Horizon Kinetics Texas ETF** | **Horizon Kinetics Texas ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 91.7%** | **Shares**  | **Value**  |
| **Building-Residential/Commercial - 5.9%** | **Building-Residential/Commercial - 5.9%** | |
| DR Horton, Inc. | 610 | $83704 |
| Green Brick Partners, Inc. <sup>(a)</sup> | 880 | 56716 |
| LGI Homes, Inc. <sup>(a)</sup> | 1745 | 68980 |
|  |  | 209400 |
| **Commercial Services - 3.1%** | **Commercial Services - 3.1%** |  |
| Quanta Services, Inc. | 200 | 109804 |
| **Consumer Products-Miscellaneous - 2.5%** | **Consumer Products-Miscellaneous - 2.5%** |  |
| Kimberly-Clark Corp. | 920 | 88752 |
| **Distribution/Wholesale - 0.8%** | **Distribution/Wholesale - 0.8%** |  |
| Copart, Inc. <sup>(a)</sup> | 500 | 16600 |
| Fermi, Inc. <sup>(a)</sup> | 1500 | 8760 |
|  |  | 25360 |
| **Electric-Integrated - 2.9%** | **Electric-Integrated - 2.9%** |  |
| CenterPoint Energy, Inc. | 2385 | 102937 |
| **Engineering-Research & Development Services - 2.9%** | **Engineering-Research & Development Services - 2.9%** |  |
| Fluor Corp. <sup>(a)</sup> | 2180 | 101697 |
| **Independent Power Producer - 5.1%** | **Independent Power Producer - 5.1%** |  |
| NRG Energy, Inc. | 625 | 91338 |
| Vistra Corp. | 595 | 89446 |
|  |  | 180784 |
| **Investment Management/Advisory Services - 1.7%** | **Investment Management/Advisory Services - 1.7%** |  |
| TPG, Inc. | 1490 | 60360 |
| **Oil Companies-Exploration & Production - 22.5%** | **Oil Companies-Exploration & Production - 22.5%** |  |
| ConocoPhillips | 980 | 129360 |
| Diamondback Energy, Inc. | 840 | 166144 |
| EOG Resources, Inc. | 880 | 127221 |
| Landbridge Co. LLC - Class A | 3275 | 226139 |
| Occidental Petroleum Corp. | 2215 | 143975 |
|  |  | 792839 |
| **Oil Companies-Integrated - 7.1%** | **Oil Companies-Integrated - 7.1%** |  |
| Chevron Corp. | 590 | 122071 |
| Exxon Mobil Corp. | 750 | 127245 |
|  |  | 249316 |
| **Oil-Field Services - 7.2%** | **Oil-Field Services - 7.2%** |  |
| SLB Ltd. | 2690 | 138239 |
| WaterBridge Infrastructure LLC - Class A | 4280 | 114661 |
|  |  | 252900 |
| **Oil-US Royalty Trusts - 14.9%** | **Oil-US Royalty Trusts - 14.9%** |  |
| Permian Basin Royalty Trust | 10000 | 215200 |
| Sabine Royalty Trust | 1375 | 103593 |
| Texas Pacific Land Corp. | 431 | 204535 |
|  |  | 523328 |
| **Pipelines - 12.9%** | **Pipelines - 12.9%** |  |
| Cheniere Energy, Inc. | 60 | 17026 |
| Energy Transfer LP | 5375 | 103738 |
| Enterprise Products Partners LP | 2860 | 108222 |
| Kinder Morgan, Inc. | 3350 | 112325 |
| Plains All American Pipeline LP | 5000 | 111650 |
|  |  | 452961 |
| **Steel-Producers - 2.2%** |  |  |
| Commercial Metals Co. | 1250 | 76787 |
| **TOTAL COMMON STOCKS** (Cost $3,081,558) | **TOTAL COMMON STOCKS** (Cost $3,081,558) | 3227225 |
| **TOTAL INVESTMENTS - 91.7% (**Cost $3,081,558**)** | **TOTAL INVESTMENTS - 91.7% (**Cost $3,081,558**)** | 3227225 |
| Money Market Deposit Account - 8.3% <sup>(b)</sup> | Money Market Deposit Account - 8.3% <sup>(b)</sup> | 293111 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | 428 |
| **TOTAL NET ASSETS - 100.0%** |  | $3520764 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

LLC - Limited Liability Company <br> LP - Limited Partnership <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

(b) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and
 is subject to change daily. The rate as of March 31, 2026 was 3.49%.

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

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Horizon Kinetics Texas 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 | $3227225 | $– | $– | $3227225 |
| Total Investments | $3227225 | $– | $– | $3227225 |
| 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 March 31, 2026** | **Allocation of Portfolio Holdings by Country as of March 31, 2026** | |
| (% of Net Assets) | (% of Net Assets) |  |
| United States | $3227225 | 91.7% |
| Other Assets in Excess of Liabilities | 293539 | 8.3 |
|  | $**3520764** | 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:** 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 Texas ETF

- **b. EDGAR series identifier (if any):** S000100870

- **c. LEI of Series:** 5299007BZJQVXOHVSU97

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $3522968.74

**Total Liabilities:** $2204.78

**Net Assets:** $3520763.96

**Cash Not Reported:** $28.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000270791 | 0.65%                | 10.53%               | -0.71%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-135.13                 | $8383.16                                   |
| Month 2  | $665.52                  | $136547.83                                 |
| Month 3  | $0.00                    | $736.27                                    |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ConocoPhillips                 | ConocoPhillips                  | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |       980 | NS      | $129360.00    | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                      | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       500 | NS      | $16600.00     | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                   | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       610 | NS      | $83704.20     | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc          | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       840 | NS      | $166143.60    | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc               | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       880 | NS      | $127221.60    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP              | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |      5375 | NS      | $103737.50    | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      2860 | NS      | $108222.40    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |       750 | NS      | $127245.00    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Fermi Inc                      | Fermi Inc                       | CUSIP: 314911108<br>LEI: 529900TSHBYBCFMYZ228 | Long             | EC               | CORP              | US        |      1500 | NS      | $8760.00      | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                     | Fluor Corp                      | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      2180 | NS      | $101697.00    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc       | Green Brick Partners Inc        | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |       880 | NS      | $56716.00     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       920 | NS      | $88752.40     | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      3350 | NS      | $112325.50    | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Landbridge Co LLC              | Landbridge Co LLC               | CUSIP: 514952100<br>LEI: 529900P7NBGGY6C0SF08 | Long             | EC               | CORP              | US        |      3275 | NS      | $226138.75    | 6.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc         | CenterPoint Energy Inc          | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      2385 | NS      | $102936.60    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |        60 | NS      | $17025.60     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       590 | NS      | $122071.00    | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co           | Commercial Metals Co            | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      1250 | NS      | $76787.50     | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                  | LGI Homes Inc                   | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      1745 | NS      | $68979.85     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                 | NRG Energy Inc                  | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       625 | NS      | $91337.50     | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp       | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      2215 | NS      | $143975.00    | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Royalty Trust    | Permian Basin Royalty Trust     | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $215200.00    | 6.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains All American Pipeline L | Plains All American Pipeline LP | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |      5000 | NS      | $111650.00    | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc             | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       200 | NS      | $109804.00    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabine Royalty Trust           | Sabine Royalty Trust            | CUSIP: 785688102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1375 | NS      | $103592.50    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |      2690 | NS      | $138239.10    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                        | TPG Inc                         | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      1490 | NS      | $60359.90     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp         | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       431 | NS      | $204535.36    | 5.81%             |  |  |  | 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        |    293111 | NS      | $293110.98    | 8.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                     | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       595 | NS      | $89446.35     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WaterBridge Infrastructure LLC | WaterBridge Infrastructure LLC  | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4280 | NS      | $114661.20    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Listed Funds Trust

**Signature:** /s/Travis Babich

**Name of Signer:** Listed Funds Trust

**Title:** Treasurer