(null)

NPORT-P false 0001683471 XXXXXXXX S000068603 C000219509 Listed Funds Trust 811-23226 0001683471 549300C5D73JL0P1YC11 615 East Michigan Street Milwaukee 53202 414-765-4711 Roundhill Sports Betting & iGaming ETF S000068603 5493005SLJO6R4VTRX63 2021-12-31 2021-09-30 N 406825543.600000000000 13755029.110000000000 393070514.490000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Bally's Corp 549300NS4D5IK406VT62 Bally's Corp 05875B106 134146.000000000000 NS USD 6726080.440000000000 1.7111638223 Long EC CORP US N 1 N N N Boyd Gaming Corp 254900787YGRYS2A1Z35 Boyd Gaming Corp 103304101 120859.000000000000 NS USD 7645540.340000000000 1.9450811135 Long EC CORP US N 1 N N N Caesars Entertainment Inc 549300FA4CTCW903Y781 Caesars Entertainment Inc 12769G100 107334.000000000000 NS USD 12051461.520000000000 3.0659795318 Long EC CORP US N 1 N N N Churchill Downs Inc 529900FODTBQC8MIS994 Churchill Downs Inc 171484108 54690.000000000000 NS USD 13129975.200000000000 3.3403612624 Long EC CORP US N 1 N N N DraftKings Inc 5493008P45UYYL683Z97 DraftKings Inc 26142R104 322112.000000000000 NS USD 15512913.920000000000 3.9465982179 Long EC CORP US N 1 N N N First American Government Obli 549300R5MYM6VZF1RM44 First American Government Obligations Fund 31846V336 7986875.170000000000 NS USD 7986875.170000000000 2.0319191788 Long STIV RF US N 1 N N Golden Nugget Online Gaming In N/A Golden Nugget Online Gaming Inc 38113L107 855451.000000000000 NS USD 14859183.870000000000 3.7802845348 Long EC CORP US N 1 N N N MGM Resorts International 54930066VBP7DZEGGJ87 MGM Resorts International 552953101 169462.000000000000 NS USD 7312285.300000000000 1.8602986056 Long EC CORP US N 1 N N N Tabcorp Holdings Ltd 213800OCCFUN67NEY278 Tabcorp Holdings Ltd Q8815D101 2972758.000000000000 NS 10543598.730000000000 2.6823682625 Long EC CORP AU N 1 N N N Tokyotokeiba Co Ltd N/A Tokyotokeiba Co Ltd J88462106 171100.000000000000 NS 6747389.650000000000 1.7165850404 Long EC CORP JP N 1 N N N Penn National Gaming Inc N/A Penn National Gaming Inc 707569109 216593.000000000000 NS USD 15694328.780000000000 3.9927514788 Long EC CORP US N 1 N N N OPAP SA 213800M4NRGFJCI34834 OPAP SA X3232T104 460451.000000000000 NS 7140098.950000000000 1.8164931448 Long EC CORP GR N 1 N N N Rush Street Interactive Inc N/A Rush Street Interactive Inc 782011100 1334028.000000000000 NS USD 25626677.880000000000 6.5196133862 Long EC CORP US N 1 N N N Scientific Games Corp 529900JXALYBOHXKFM62 Scientific Games Corp 80874P109 148246.000000000000 NS USD 12314795.220000000000 3.1329735419 Long EC CORP US N 1 N N N Skillz Inc N/A Skillz Inc 83067L109 397372.000000000000 NS USD 3902193.040000000000 0.9927463130 Long EC CORP US N 1 N N bet-at-home.com AG 3912001C5KDIBFOBIM91 bet-at-home.com AG D0452K104 42597.000000000000 NS 1167548.300000000000 0.2970327860 Long EC CORP DE N 1 N N N 888 Holdings PLC 213800H84UJQYSVF9750 888 Holdings PLC X19526106 2025970.000000000000 NS 11746337.220000000000 2.9883536890 Long EC CORP GI N 1 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC G3167C109 611073.000000000000 NS 17549861.660000000000 4.4648125497 Long EC CORP GB N 1 N N N Playtech Plc 21380068TTB6Z9ZEU548 Playtech Plc G7132V100 1929252.000000000000 NS 12205286.030000000000 3.1051136069 Long EC CORP IM N 1 N N N Angler Gaming PLC 635400VUR11XYFCJ1S78 Angler Gaming PLC X0170M109 3321688.000000000000 NS 5254832.160000000000 1.3368675508 Long EC CORP MT N 1 N N N Gaming Realms PLC 213800MJYF3DX78F6A39 Gaming Realms PLC G3739B100 3972668.000000000000 NS 1874784.330000000000 0.4769587799 Long EC CORP GB N 1 N N N Scout Gaming Group AB 549300EHKPPLIZZHT343 Scout Gaming Group AB W8046J102 174749.000000000000 NS 577266.640000000000 0.1468608351 Long EC CORP SE N 1 N N N Aspire Global PLC 549300XFM1OQ2NJBR582 Aspire Global PLC X02446106 302427.000000000000 NS 2578833.540000000000 0.6560740236 Long EC CORP MT N 1 N N N Better Collective A/S 2549001EPXH6NK7I2R78 Better Collective A/S K1R986114 369075.000000000000 NS 7863655.120000000000 2.0005711011 Long EC CORP DK N 1 N N N La Francaise des Jeux SAEM 969500R4CLSQFTYYI535 La Francaise des Jeux SAEM F55896108 121566.000000000000 NS 6268147.810000000000 1.5946624280 Long EC CORP FR N 1 N N N XLMedia PLC 2138008U4S6FBDHGWY81 XLMedia PLC G9828U107 3129671.000000000000 NS 1793447.280000000000 0.4562660423 Long EC CORP JE N 1 N N N Gaming Innovation Group Inc 549300Z7163BIIXBP377 Gaming Innovation Group Inc 36467X206 1190299.000000000000 NS 2686243.410000000000 0.6833998764 Long EC CORP MT N 1 N N N Betmakers Technology Group Ltd N/A Betmakers Technology Group Ltd Q14884102 13419898.000000000000 NS 10420906.510000000000 2.6511544687 Long EC CORP AU N 1 N N N Evolution AB 549300SUH6ZR1RF6TA88 Evolution AB W3287P115 63488.000000000000 NS 9685157.520000000000 2.4639745702 Long EC CORP SE N 1 N N N PointsBet Holdings Ltd N/A PointsBet Holdings Ltd Q7262X107 1923550.000000000000 NS 14172663.380000000000 3.6056287250 Long EC CORP AU N 1 N N N Betsson AB 549300W61XW8OFGBG077 Betsson AB W1556U633 1223048.000000000000 NS 10177445.910000000000 2.5892163199 Long EC CORP SE N 1 N N N Bragg Gaming Group Inc 9845000EB9E6A9887Q16 Bragg Gaming Group Inc 104833306 678500.000000000000 NS 6512657.380000000000 1.6568674423 Long EC CORP CA N 1 N N Kambi Group PLC 2138003TN71ZS4RHIJ87 Kambi Group PLC X4170A107 308837.000000000000 NS 7363894.380000000000 1.8734283312 Long EC CORP MT N 1 N N N BlueBet Holdings Ltd N/A BlueBet Holdings Ltd N/A 3198342.000000000000 NS 4389613.900000000000 1.1167497276 Long EC CORP AU N 1 N N N Score Media and Gaming Inc N/A Score Media and Gaming Inc 80919D202 579783.000000000000 NS 19871474.810000000000 5.0554478338 Long EC CORP CA N 1 N N N Flutter Entertainment PLC 635400EG4YIJLJMZJ782 Flutter Entertainment PLC G3643J108 90240.000000000000 NS 17861837.790000000000 4.5441815480 Long EC CORP IE N 1 N N N Kindred Group PLC 213800D1MJVOT6SNBX11 Kindred Group PLC X4S1CH103 923261.000000000000 NS 13977849.980000000000 3.5560667780 Long EC CORP MT N 1 N N N LeoVegas AB 549300Z1CNOA0L1K8J51 LeoVegas AB W5S14M117 1588186.000000000000 NS 6215828.750000000000 1.5813520783 Long EC CORP SE N 1 N N N Catena Media PLC 549300609A73DL5C5Z86 Catena Media PLC X1R6QC105 882225.000000000000 NS 5981972.670000000000 1.5218573893 Long EC CORP MT N 1 N N Gamesys Group PLC 213800J9SZ4YJ2RYMU17 Gamesys Group PLC G3727J107 273779.000000000000 NS 6829247.620000000000 1.7374103038 Long EC CORP GB N 1 N N N GAN Ltd N/A GAN Ltd G3728V109 645240.000000000000 NS USD 9594718.800000000000 2.4409663015 Long EC CORP GB N 1 N N N Genius Sports Ltd N/A Genius Sports Ltd G3934V109 579373.000000000000 NS USD 10811100.180000000000 2.7504225785 Long EC CORP GB N 1 N N International Game Technology 549300UQ6KHRCZDRGZ76 International Game Technology PLC G4863A108 301780.000000000000 NS USD 7942849.600000000000 2.0207187533 Long EC CORP US N 1 N N N 2021-11-26 Listed Funds Trust /s/Travis Babich Travis Babich Treasurer XXXX

Roundhill Sports Betting & iGaming ETF
Schedule of Investments
September 30, 2021 (Unaudited)
	Shares		Value
COMMON STOCKS — 99.8%
Advertising — 0.5%
XLMedia PLC (a)(b)		3,137,252	$	1,797,792

Entertainment — 80.0% (e)
888 Holdings PLC (b)		2,028,225		11,759,411
Angler Gaming PLC (b)		3,325,386		5,260,682
Aspire Global PLC (a)(b)(d)		302,761		2,581,682
Bally's Corp. (a)		134,298		6,733,702
bet-at-home.com AG (b)		42,639		1,168,699
Betmakers Technology Group, Ltd. (a)(b)		13,434,832		10,432,503
BETSSON AB (a)		1,224,408		10,188,763
BlueBet Holdings, Ltd. (a)(b)		3,209,625		4,405,099
Caesars Entertainment, Inc. (a)		107,452		12,064,711
Churchill Downs, Inc.		54,753		13,145,100
DraftKings, Inc. - Class A (a)		322,455		15,529,433
Entain PLC (a)(b)		611,730		17,568,731
Evolution Gaming Group AB (b)(d)		63,560		9,696,141
Flutter Entertainment PLC (a)(b)		90,331		17,879,850
Gaming Realms PLC (a)(b)		3,977,087		1,876,870
GAN, Ltd. (a)(b)		645,962		9,605,455
Genius Sports, Ltd. (a)(b)(f)		580,019		10,823,155
Golden Nugget Online Gaming, Inc. (a)		856,397		14,875,616
International Game Technology PLC (a)(b)		302,114		7,951,640
Kambi Group PLC (a)(b)		309,170		7,371,834
Kindred Group PLC - SDR (b)		924,247		13,992,778
La Francaise des Jeux SAEM (b)(d)		121,697		6,274,902
LeoVegas AB (b)(d)		1,589,945		6,222,713
OPAP SA (b)		460,953		7,147,883
Penn National Gaming, Inc. (a)		216,823		15,710,995
PointsBet Holdings, Ltd. (a)(b)		1,923,550		14,172,663
Rush Street Interactive, Inc. (a)		1,335,460		25,654,187
Scientific Games Corp. (a)		148,405		12,328,003
Tabcorp Holdings, Ltd. (b)		2,976,070		10,555,346
Tokyotokeiba Co., Ltd. (b)		171,100		6,747,390
				309,725,937
Internet — 7.4%
Catena Media PLC (a)(b)(f)		883,199		5,988,577
Gaming Innovation Group, Inc. (a)		1,191,623		2,689,231
Score Media and Gaming, Inc. (b)		580,421		19,893,342
				28,571,150
Lodging — 3.9%
Boyd Gaming Corp. (a)		120,991		7,653,891
MGM Resorts International		169,643		7,320,095
				14,973,986

Software — 8.0%
Better Collective AS (a)(b)	369,487		7,872,433
Bragg Gaming Group, Inc. (f)	679,255		6,519,904
Playtech PLC (a)(b)	1,931,398		12,218,863
Scout Gaming Group AB (a)(b)	174,945		577,914
Skillz, Inc. (a)(f)	397,814		3,906,534
			31,095,648
TOTAL COMMON STOCKS (Cost $383,356,728)			386,164,513

SHORT-TERM INVESTMENTS — 0.1%
Money Market Fund — 0.1%
First American Government Obligations Fund - Class X, 0.03% (c)	412,217		412,217
TOTAL SHORT-TERM INVESTMENTS (Cost $412,217)			412,217

INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.0%
First American Government Obligations Fund - Class X, 0.03% (c)			7,574,659
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $7,574,659)	7,574,659		7,574,659

TOTAL INVESTMENTS (Cost $391,343,604) — 101.9%			394,151,389
Other assets and liabilities, net — (1.9)%			(7,152,073	)
NET ASSETS — 100.0%		$	386,999,316

PLC	Public Limited Company
SDR	Special Drawing Rights
(a)	Non-income producing security.
(b)	Foreign issued security, or represents a foreign issued security.
(c)	The rate shown is the annualized seven-day yield at period end.
(d)	Security exempt from registration pursuant to Rule 144a under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(e)	To the extent the Fund invests more heavily in particular sectors of the economy, its performance will be especially sensitive to developments that significantly affect those sectors.
(f)	All or a portion of this security is on loan as of September 30, 2021. The market value of securities out on loan is $7,479,204.

Percentages are stated as a percent of net assets.

	COUNTRY	Percentage of Net Assets
	United States	34.9%
	Australia	10.1%
	Malta	8.9%
	Isle of Man	7.6%
	Sweden	6.8%
	Canada	6.7%
	Ireland	4.5%
	United Kingdom	4.2%
	Gibraltar	3.0%
	Guernsey	2.8%
	Bermuda	2.4%
	Denmark	2.0%
	Greece	1.8%
	Japan	1.7%
	France	1.6%
	Germany	0.3%
	Jersey	0.5%
	Total Country	99.8%
	SHORT-TERM INVESTMENTS	0.1%
	INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING	2.0%
	TOTAL INVESTMENTS	101.9%
	Other assets and liabilities, net	-(1.9)%
	NET ASSETS	100.0%

Fair Value Measurements
Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels.
Level 1 Includes quoted prices in active markets for identical securities. Level 2 Includes other significant observable inputs
(including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 Includes significant
unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the
securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.

The Fund did not hold any investments during the period with significant unobservable inputs which would be classified as Level 3.

The following is a summary of the inputs used to value the Fund’s investments carried at fair value as of September 30, 2021:

	Level 1		Level 2		Level 3		Total
Investments - Assets:
Common Stocks*	$	386,164,513	$	-	$	-	$	386,164,513
Money Market Funds		412,217		-		-		412,217
Investments Purchased With Proceeds From Securities Lending		7,574,659		-		-		7,574,659
Total Investments - Assets	$	394,151,389	$	-	$	-	$	394,151,389

* See the Schedule of Investments for industry classifications.