NPORT-EX 2 cloud-computing.htm CLOD

Themes Cloud Computing ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Industrial Products - 0.9%
        
Hexagon AB - Class B
    
1,011
    
$
12,025
  
                 
Industrial Services - 1.4%
          
Paychex, Inc.
    
158
      
17,724
  
                 
Media - 15.8%
          
Alphabet, Inc. - Class A
    
261
      
81,693
  
AppLovin Corp. - Class A (a)
    
102
      
68,730
  
GoDaddy, Inc. - Class A (a)
    
65
      
8,065
  
Prosus NV
    
615
      
38,197
  
VeriSign, Inc.
    
39
      
9,475
  
             
206,160
  
                 
Retail & Wholesale - Discretionary - 8.6%
          
Amazon.com, Inc. (a)
    
283
      
65,322
  
MercadoLibre, Inc. (a)
    
23
      
46,328
  
             
111,650
  
                 
Software & Technology Services - 72.1% (b)
          
Adobe, Inc. (a)
    
182
      
63,698
  
Atlassian Corp. - Class A (a)
    
81
      
13,133
  
Autodesk, Inc. (a)
    
104
      
30,785
  
Booz Allen Hamilton Holding Corp.
    
56
      
4,724
  
Cadence Design Systems, Inc. (a)
    
131
      
40,948
  
Check Point Software Technologies Ltd. (a)
    
41
      
7,608
  
Cloudflare, Inc. - Class A (a)
    
149
      
29,375
  
Commvault Systems, Inc. (a)
    
22
      
2,758
  
Confluent, Inc. - Class A (a)
    
124
      
3,750
  
CoreWeave, Inc. - Class A (a)
    
116
      
8,307
  
Crowdstrike Holdings, Inc. - Class A (a)
    
119
      
55,783
  
CyberArk Software Ltd. (a)
    
23
      
10,259
  
Dassault Systemes SE
    
321
      
8,993
  
Datadog, Inc. - Class A (a)
    
152
      
20,671
  
Dynatrace, Inc. (a)
    
143
      
6,198
  
Fortinet, Inc. (a)
    
298
      
23,664
  
HubSpot, Inc. (a)
    
23
      
9,230
  
Intuit, Inc.
    
97
      
64,255
  
Microsoft Corp.
    
121
      
58,518
  
MongoDB, Inc. (a)
    
37
      
15,529
  
Nebius Group NV (a)
    
102
      
8,538
  
Nutanix, Inc. - Class A (a)
    
121
      
6,255
  
Okta, Inc. (a)
    
79
      
6,831
  
Oracle Corp.
    
221
      
43,075
  
Palo Alto Networks, Inc. (a)
    
296
      
54,523
  
Rubrik, Inc. - Class A (a)
    
56
      
4,283
  
Salesforce, Inc.
    
265
      
70,201
  
SAP SE
    
230
      
56,316
  
ServiceNow, Inc. (a)
    
343
      
52,544
  
Snowflake, Inc. - Class A (a)
    
158
      
34,659
  
Strategy, Inc. - Class A (a)
    
122
      
18,538
  
Synopsys, Inc. (a)
    
89
      
41,805
  
Twilio, Inc. - Class A (a)
    
71
      
10,099
  
Wix.com Ltd. (a)
    
26
      
2,701
  
Workday, Inc. - Class A (a)
    
103
      
22,122
  
Xero Ltd. (a)
    
79
      
6,011
  
Zoom Communications, Inc. - Class A (a)
    
130
      
11,218
  
Zscaler, Inc. (a)
    
47
      
10,571
  
             
938,476
  
                 
Tech Hardware & Semiconductors - 0.8%
          
F5, Inc. (a)
    
28
      
7,147
  
InterDigital, Inc.
    
12
      
3,821
  
             
10,968
  
                 
Telecommunications - 0.2%
          
Applied Digital Corp. (a)
    
113
      
2,771
  
TOTAL COMMON STOCKS (Cost $1,274,297)
      
1,299,774
  
                 
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 0.1%
  
Shares
    
Value
 
First American Treasury Obligations Fund - Class X, 3.68% (c)
    
1,564
      
1,564
  
TOTAL MONEY MARKET FUNDS (Cost $1,564)
      
1,564
  
                 
TOTAL INVESTMENTS - 99.9% (Cost $1,275,861)
      
1,301,338
  
Other Assets in Excess of Liabilities - 0.1%
      
970
  
TOTAL NET ASSETS - 100.0%
          
$
1,302,308
  
                 
Percentages are stated as a percent of net assets.
          

(a)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in a particular industries or sectors 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 yield as of December 31, 2025.
Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Themes Cloud Computing 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 December 31, 2025:
 

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
1,299,774
    
$
–
    
$
–
    
$
1,299,774
  
  Money Market Funds
    
1,564
      
–
      
–
      
1,564
  
Total Investments
  
$
1,301,338
    
$
–
    
$
–
    
$
1,301,338
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.