Themes ETF Trust NPORT-P/A Themes Generative Artificial Intelligence ETF (Dec 2024 report)

Themes Generative Artificial Intelligence ETF
Schedule of Investments
December 31, 2024 (Unaudited)
COMMON STOCKS - 99.7%	Shares		Value
Consumer Discretionary Products - 1.1%
Tesla, Inc. (a)		601	$	242,708
Financial Services - 2.9%
Fair Isaac Corp. (a)		35		69,682
Northern Data AG (a)		11,485		530,595
				600,277
Health Care - 0.2%
CorVel Corp. (a)		348		38,719
Media - 7.0%
Alphabet, Inc. - Class A		4,072		770,829
Baidu, Inc. - Class A (a)		40,500		431,248
Meta Platforms, Inc. - Class A		415		242,987
				1,445,064
Retail & Wholesale - Discretionary - 4.8%
Alibaba Group Holding Ltd.		9,080		96,334
Amazon.com, Inc. (a)		4,068		892,478
				988,812
Software & Tech Services - 6.5%
Pagaya Technologies Ltd. - Class A (a)		26,982		250,663
Palantir Technologies, Inc. - Class A (a)		8,270		625,460
Veritone, Inc. (a)		143,169		469,594
				1,345,717
Software & Technology Services - 49.1%(b)
Accenture PLC - Class A		56		19,700
BigBear.ai Holdings, Inc. (a)		300,847		1,338,769
C3.ai, Inc. - Class A (a)		23,788		819,021
ExlService Holdings, Inc. (a)		6,986		310,039
Grid Dynamics Holdings, Inc. (a)		39,592		880,526
International Business Machines Corp.		1,067		234,559
Microsoft Corp.		1,631		687,467
Oracle Corp.		3,727		621,067
PKSHA Technology, Inc. (a)		25,200		614,204
Salesforce, Inc.		1,730		578,391
SentinelOne, Inc. - Class A (a)		4,815		106,893
Snowflake, Inc. - Class A (a)		3,695		570,545
SoundHound AI, Inc. - Class A (a)		118,224		2,345,564
Synopsys, Inc. (a)		336		163,081
TELUS International CDA, Inc. (a)		16,147		63,467
UiPath, Inc. - Class A (a)		54,395		691,360
Zeta Global Holdings Corp. - Class A (a)		6,817		122,638
				10,167,291
Tech Hardware & Semiconductors - 28.1%(b)
Advanced Micro Devices, Inc. (a)		4,979		601,414
Ambarella, Inc. (a)		7,568		550,496
Apple, Inc.		1,845		462,025
Arista Networks, Inc. (a)		4,436		490,311
Broadcom, Inc.		3,429		794,979
CEVA, Inc. (a)		14,384		453,815
Intel Corp.		33,620		674,081
Lattice Semiconductor Corp. (a)		3,038		172,103
NVIDIA Corp.		6,086		817,289
QuickLogic Corp. (a)		71,339		806,131
				5,822,644
TOTAL COMMON STOCKS (Cost $17,681,967)				20,651,232
SHORT-TERM INVESTMENTS - 0.3%			Value
Money Market Funds - 0.3%	Shares
First American Treasury Obligations Fund - Class X, 4.40% (c)		62,628		62,628
TOTAL SHORT-TERM INVESTMENTS (Cost $62,628)				62,628
TOTAL INVESTMENTS - 100.0% (Cost $17,744,595)				20,713,860
Liabilities in Excess of Other Assets - (0.0)% (d)				(1,879	)
TOTAL NET ASSETS - 100.0%			$	20,711,981
two				–	%
Percentages are stated as a percent of net assets.				–	%

PLC - Public Limited Company

(a)	Non-income producing security.
(b)	To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(c)	The rate shown represents the 7-day annualized effective yield as of December 31, 2024.
(d)	Represents less than 0.05% of net assets.

Summary of Fair Value Disclosure as of December 31, 2024 (Unaudited)

Themes Generative Artificial Intelligence ETF has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of December 31, 2024:

	Level 1		Level 2		Level 3		Total
Investments:
Common Stocks	$	20,651,232	$	–	$	–	$	20,651,232
Money Market Funds		62,628		–		–		62,628
Total Investments	$	20,713,860	$	–	$	–	$	20,713,860
Refer to the Schedule of Investments for further disaggregation of investment categories.