NPORT-EX 2 generative.htm WISE

Themes Generative Artificial Intelligence ETF
  
Schedule of Investments
  
December 31, 2025 (Unaudited)
  
   
COMMON STOCKS - 99.8%
  
Shares
    
Value
 
Consumer Discretionary Products - 1.0%
        
Pony AI, Inc. - ADR (a)
    
25,101
    
$
363,965
  
                 
Financial Services - 4.5%
          
Bairong, Inc. (a)(b)
    
1,135,996
      
1,693,185
  
                 
Health Care - 1.2%
          
CorVel Corp. (a)
    
5,038
      
340,921
  
JMDC, Inc.
    
3,700
      
94,130
  
             
435,051
  
                 
Media - 4.0%
          
Alphabet, Inc. - Class A
    
4,800
      
1,502,400
  
                 
Retail & Wholesale - Discretionary - 3.8%
          
Amazon.com, Inc. (a)
    
6,156
      
1,420,928
  
                 
Software & Technology Services - 49.0% (c)
          
Amdocs Ltd.
    
3,538
      
284,844
  
Beijing Fourth Paradigm Technology Co. Ltd. - Class H (a)
    
175,211
      
991,017
  
BigBear.ai Holdings, Inc. (a)
    
209,904
      
1,133,482
  
C3.ai, Inc. - Class A (a)
    
67,223
      
906,166
  
Cerence, Inc. (a)
    
60,107
      
642,544
  
Datasection, Inc. (a)
    
40,900
      
520,911
  
Duos Technologies Group, Inc. (a)
    
41,994
      
472,432
  
Gorilla Technology Group, Inc. (a)
    
94,124
      
1,027,834
  
Grid Dynamics Holdings, Inc. (a)
    
144,291
      
1,302,948
  
Microsoft Corp.
    
2,909
      
1,406,851
  
nCino, Inc. (a)
    
20,512
      
525,928
  
Palantir Technologies, Inc. - Class A (a)
    
7,525
      
1,337,569
  
PKSHA Technology, Inc. (a)
    
37,800
      
847,025
  
Pluszero, Inc. (a)
    
2,400
      
44,050
  
Rezolve AI PLC (a)
    
264,884
      
680,752
  
Salesforce, Inc.
    
892
      
236,300
  
Snowflake, Inc. - Class A (a)
    
2,679
      
587,665
  
SoundHound AI, Inc. - Class A (a)
    
102,624
      
1,023,161
  
UiPath, Inc. - Class A (a)
    
12,165
      
199,384
  
Veritone, Inc. (a)
    
591,429
      
2,750,145
  
Yidu Tech, Inc. (a)(b)
    
208,045
      
140,341
  
Zeta Global Holdings Corp. - Class A (a)
    
60,402
      
1,229,181
  
             
18,290,530
  
                 
Tech Hardware & Semiconductors - 36.3% (c)
          
Advanced Micro Devices, Inc. (a)
    
9,514
      
2,037,518
  
Ambarella, Inc. (a)
    
9,878
      
699,758
  
Apple, Inc.
    
7,681
      
2,088,157
  
Arista Networks, Inc. (a)
    
6,114
      
801,118
  
BrainChip Holdings Ltd. (a)
    
3,845,831
      
449,141
  
Broadcom, Inc.
    
4,503
      
1,558,488
  
CEVA, Inc. (a)
    
43,631
      
938,939
  
Intel Corp. (a)
    
43,428
      
1,602,493
  
Lattice Semiconductor Corp. (a)
    
14,690
      
1,080,890
  
NVIDIA Corp.
    
9,606
      
1,791,519
  
Zepp Health Corp. - ADR (a)
    
18,163
      
489,311
  
             
13,537,332
  
TOTAL COMMON STOCKS (Cost $34,522,419)
      
37,243,391
  
                 
SHORT-TERM INVESTMENTS
  
MONEY MARKET FUNDS - 0.2%
  
Shares
    
Value
 
First American Treasury Obligations Fund - Class X, 3.68% (d)
    
75,768
      
75,768
  
TOTAL MONEY MARKET FUNDS (Cost $75,768)
      
75,768
  
                 
TOTAL INVESTMENTS - 100.0% (Cost $34,598,187)
      
37,319,159
  
Liabilities in Excess of Other Assets - (0.0)% (e)
      
(6,987
)
TOTAL NET ASSETS - 100.0%
          
$
37,312,172
  
                 
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
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, 2025, the value of these securities total $1,833,526 or 4.9% of the Fund’s net assets.
(c)
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.
(d)
The rate shown represents the 7-day annualized yield as of December 31, 2025.
(e)
Represents less than 0.05% of net assets.
Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
 
Themes Generative Artificial Intelligence 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
  
$
37,243,391
    
$
–
    
$
–
    
$
37,243,391
  
  Money Market Funds
    
75,768
      
–
      
–
      
75,768
  
Total Investments
  
$
37,319,159
    
$
–
    
$
–
    
$
37,319,159
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.