Themes ETF Trust NPORT-P/A Themes Uranium & Nuclear ETF (Dec 2024 report)

Themes Uranium & Nuclear ETF
Schedule of Investments
December 31, 2024 (Unaudited)
COMMON STOCKS - 99.7%	Shares		Value
Industrial Products - 10.2%
BWX Technologies, Inc.		922	$	102,702
Chengdu Guoguang Electric Co. Ltd. - Class A		9,000		58,358
Mirion Technologies, Inc. (a)		5,945		103,740
NuScale Power Corp. (a)		6,077		108,960
RongFa Nuclear Equipment Co. Ltd. - Class A (a)		97,400		61,248
				435,008
Materials - 42.6%(b)
American Lithium Corp. (a)		12,847		4,916
Atha Energy Corp. (a)		14,987		5,839
Bannerman Energy Ltd. (a)		36,905		66,243
Boss Energy Ltd. (a)		80,992		121,816
Cameco Corp.		6,321		325,009
Centrus Energy Corp. - Class A (a)		1,614		107,508
CGN Mining Co. Ltd.		685,869		143,944
Denison Mines Corp. (a)		67,298		122,194
Encore Energy Corp. (a)		10,138		34,206
Energy Fuels, Inc./Canada (a)		20,333		104,308
IsoEnergy Ltd. (a)		12,645		22,784
Laramide Resources Ltd. (a)		12,126		5,399
Lotus Resources Ltd. (a)		516,278		63,910
NAC Kazatomprom JSC - GDR		3,750		141,563
NexGen Energy Ltd. (a)		20,202		133,232
Paladin Energy Ltd. (a)		31,206		146,021
Peninsula Energy Ltd. (a)		65,764		51,288
Uranium Energy Corp. (a)		9,611		64,298
Uranium Royalty Corp. (a)		11,419		25,023
Ur-Energy, Inc. (a)		3,850		4,393
Yellow Cake PLC (a)(c)		21,624		135,301
				1,829,195
Tech Hardware & Semiconductors - 1.4%
Silex Systems Ltd. (a)		19,677		61,504
Utilities - 45.5%(b)
American Electric Power Co., Inc.		3,301		304,451
CGN Power Co. Ltd. - Class A		278,600		157,635
China National Nuclear Power Co. Ltd. - Class A		114,700		163,897
Constellation Energy Corp.		1,636		365,990
Duke Energy Corp.		2,821		303,935
Endesa SA		4,211		90,598
Kyushu Electric Power Co., Inc.		8,600		77,230
Oklo, Inc. (a)		8,084		171,623
PG&E Corp.		11,568		233,442
TXNM Energy, Inc.		1,717		84,425
				1,953,226
TOTAL COMMON STOCKS (Cost $4,528,682)				4,278,933
TOTAL INVESTMENTS - 99.7% (Cost $4,528,682)				4,278,933
Other Assets in Excess of Liabilities - 0.3%				11,569
TOTAL NET ASSETS - 100.0%			$	4,290,502
two				–	%
Percentages are stated as a percent of net assets.				–	%

GDR - Global Depositary Receipt

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)	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 December 31, 2024, the value of these securities total $135,301 or 3.2% of the Fund’s net assets.

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

Themes Uranium & Nuclear 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	$	4,278,933	$	–	$	–	$	4,278,933
Total Investments	$	4,278,933	$	–	$	–	$	4,278,933
Refer to the Schedule of Investments for further disaggregation of investment categories.