# EDGAR Filing Document

**Accession Number:** 0000764859
**File Stem:** 0000910472-26-005217
**Filing Date:** 2026-4
**Character Count:** 37716
**Document Hash:** 92172e4f85b444dfbe35642b54074404
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005217.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0000910472-26-005217

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN PENSION INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000764859

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04262
- **FILM NUMBER:** 26825376

**BUSINESS ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551
- **BUSINESS PHONE:** 434-846-1361

**MAIL ADDRESS:**
- **STREET 1:** 106 ANNJO COURT
- **STREET 2:** SUITE A
- **CITY:** FOREST
- **STATE:** VA
- **ZIP:** 24551

## Series and Classes Contracts Data

### YORKTOWN SMALL-CAP FUND (Series ID: S000053763)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000169010 | Class A             | YOVAX           |
| C000169012 | Class L             | YOVLX           |
| C000169013 | Institutional Class | YOVIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** American Pension Investors Trust

- **b. Investment Company Act file number:** 811-04262

- **c. CIK number of Registrant:** 0000764859

- **d. LEI of Registrant:** 549300XN7GOBVVCYXP64

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2303 Yorktown Ave.

  - **City:** Lynchburg

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 24501

  - **Telephone number:** 434-846-1361

**Item A.2. Information about the Series.**

- **a. Name of Series:** YORKTOWN SMALL CAP FUND

- **b. EDGAR series identifier (if any):** S000053763

- **c. LEI of Series:** 54930008JUT6UXC3QX64

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $35216777.24

**Total Liabilities:** $62803.00

**Net Assets:** $35153974.24

**Cash Not Reported:** $136.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000169010 | -9.26%               | -7.50%               | -3.54%               |
| Class ID C000169012 | -3.77%               | -1.87%               | 2.28%                |
| Class ID C000169013 | -3.70%               | -1.81%               | 2.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17302.12                | $-1313086.01                               |
| Month 2  | $-187900.13              | $-415863.81                                |
| Month 3  | $-494257.95              | $1314947.52                                |

### Schedule of Portfolio Investments

| Name                                      | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acm Research Inc                          | ACM Research, Inc.                                        | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |     13300 | NS      | $772996.00    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                   | AZZ, Inc.                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      3750 | NS      | $466087.50    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc                | ACADIA Pharmaceuticals, Inc.                              | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     12050 | NS      | $302816.50    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.                       | AeroVironment, Inc.                                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1994 | NS      | $555109.66    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                  | Alignment Healthcare, Inc.                                | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12300 | NS      | $277119.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                  | Allegro MicroSystems, Inc.                                | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11300 | NS      | $417083.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                 | Argan, Inc.                                               | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |       670 | NS      | $232563.70    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                       | Axon Enterprise, Inc.                                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       775 | NS      | $374774.50    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                          | Badger Meter, Inc.                                        | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      1650 | NS      | $241857.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                              | Balchem Corporation                                       | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      2500 | NS      | $425425.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                               | Bancorp, Inc. (The)                                       | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      4300 | NS      | $255592.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                    | Boot Barn Holdings, Inc.                                  | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      2550 | NS      | $455124.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                   | Boyd Gaming Corporation                                   | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2700 | NS      | $228258.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc Del  | Bright Horizons Family Solutions, Inc.                    | CUSIP: 109194100<br>LEI: 254900BHOU40CFNXWQ75 | Long             | EC               | CORP              | US        |       740 | NS      | $68546.20     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd           | Brookfield Asset Management Ltd.                          | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |      5637 | NS      | $280215.27    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp.                  | CECO Environmental Corporation                            | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |      3200 | NS      | $215776.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc.                      | CSW Industrials, Inc.                                     | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      1300 | NS      | $350974.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                | Cactus, Inc.                                              | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      6950 | NS      | $390798.50    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc.                                | Calix, Inc.                                               | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      9000 | NS      | $402030.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries                          | Cavco Industries, Inc.                                    | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       800 | NS      | $393616.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.                      | Chefs' Warehouse, Inc. (The)                              | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      7050 | NS      | $443445.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs, Inc.                                     | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      2850 | NS      | $280326.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                | Construction Partners, Inc.                               | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      4800 | NS      | $527424.00    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc.                           | DraftKings, Inc.                                          | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |      9960 | NS      | $273999.60    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                          | elf Beauty, Inc.                                          | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      2650 | NS      | $225223.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                  | Enova International, Inc.                                 | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      2250 | NS      | $371632.50    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                          | Ensign Group, Inc. (The)                                  | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      2100 | NS      | $360486.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolv Technologies Holdings Inc.          | Evolv Technologies Holdings, Inc.                         | CUSIP: 30049H102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35900 | NS      | $222221.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstcash Holdings Inc                    | FirstCash Holdings, Inc.                                  | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2650 | NS      | $451825.00    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Freedom Holding Corp                      | Freedom Holding Corp                                      | CUSIP: 356390104<br>LEI: 254900RKI81EPUJ3RW71 | Long             | EC               | CORP              | KZ        |      3700 | NS      | $457690.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goosehead Insurance Inc                   | Goosehead Insurance, Inc.                                 | CUSIP: 38267D109<br>LEI: 549300WH5MBIWHJ9XY95 | Long             | EC               | CORP              | US        |      5050 | NS      | $312292.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                            | Gorman-Rupp Company (The)                                 | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      4300 | NS      | $234307.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                  | Group 1 Automotive, Inc.                                  | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       690 | NS      | $244439.40    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                       | Guardant Health, Inc.                                     | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |      5550 | NS      | $632922.00    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc | HA Sustainable Infrastructure Capital, Inc. Capital, Inc. | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     12000 | NS      | $412920.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                               | Hawkins, Inc.                                             | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      1450 | NS      | $188862.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                         | Herc Holdings, Inc.                                       | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      1700 | NS      | $243678.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc.                         | IES Holdings, Inc.                                        | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |       940 | NS      | $357472.60    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                | Insmed, Inc.                                              | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      5850 | NS      | $917689.50    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc           | Installed Building Products, Inc.                         | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      1600 | NS      | $461024.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp Inc                                | Intapp, Inc.                                              | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $224070.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                           | Interface, Inc.                                           | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      7225 | NS      | $227370.75    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                            | iRadimed Corporation                                      | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      2250 | NS      | $220230.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                               | Itron, Inc.                                               | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      3000 | NS      | $297240.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                | Kadant, Inc.                                              | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      1425 | NS      | $457482.00    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                 | Kinsale Capital Group, Inc.                               | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       660 | NS      | $261280.80    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc.                  | Kodiak Gas Services, Inc.                                 | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $315075.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.                 | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      6200 | NS      | $638662.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.               | LPL Financial Holdings, Inc.                              | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      2300 | NS      | $838350.00    | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc.                   | Liquidity Services, Inc.                                  | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |      4600 | NS      | $147200.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                   | Mueller Industries, Inc.                                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      6650 | NS      | $905331.00    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                          | NCR Atleos Corporation                                    | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     10400 | NS      | $387920.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO Security Technologies Inc.          | Napco Security Technologies, Inc.                         | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      9900 | NS      | $365211.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nerdwallet Inc                            | NerdWallet, Inc.                                          | CUSIP: 64082B102<br>LEI: 254900FJ2Y4SH71DJ379 | Long             | EC               | CORP              | US        |     15100 | NS      | $182106.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                         | PDF Solutions, Inc.                                       | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |      6850 | NS      | $218172.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                      | Palomar Holdings, Inc.                                    | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |      2000 | NS      | $247180.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                | Par Pacific Holdings, Inc.                                | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |      9900 | NS      | $373626.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                | Performance Food Group Company                            | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      2250 | NS      | $214762.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                   | Primoris Services Corporation                             | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      2050 | NS      | $303912.50    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                  | Procore Technologies, Inc.                                | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      4100 | NS      | $231609.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                               | Progyny, Inc.                                             | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11500 | NS      | $274505.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                               | Rambus, Inc.                                              | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      7000 | NS      | $796810.00    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc.                     | Ramaco Resources, Inc.                                    | CUSIP: 75134P600<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     19150 | NS      | $373616.50    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                     | Range Resources Corporation                               | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      5400 | NS      | $204390.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                          | RBC Bearings, Inc.                                        | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       970 | NS      | $484679.90    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                | Rhythm Pharmaceuticals, Inc.                              | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      3050 | NS      | $312686.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                        | Riot Platforms, Inc.                                      | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |     17100 | NS      | $264537.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                     | Robinhood Markets, Inc.                                   | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     12300 | NS      | $1223604.00   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Root Inc                                  | Root Inc                                                  | CUSIP: 77664L207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1750 | NS      | $108727.50    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida   | Seacoast Banking Corp. of Florida                         | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |      9250 | NS      | $309320.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                | Select Water Solutions, Inc.                              | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     19450 | NS      | $235150.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial Inc.                       | SmartFinancial, Inc.                                      | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6750 | NS      | $269460.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                          | StoneX Group, Inc.                                        | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      3300 | NS      | $370458.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                 | Super Micro Computer, Inc.                                | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      8700 | NS      | $253257.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse, Inc.                                     | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      1330 | NS      | $239213.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc.                               | UiPath, Inc.                                              | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     17250 | NS      | $217177.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc.        | United States Lime & Minerals, Inc.                       | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |      2100 | NS      | $253113.00    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute, Inc.       | Universal Technical Institute, Inc.                       | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |      8450 | NS      | $235163.50    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                | Upwork, Inc.                                              | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     21900 | NS      | $438657.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                   | V2X, Inc.                                                 | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5400 | NS      | $371682.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Velocity Financial Inc                    | Velocity Financial, Inc.                                  | CUSIP: 92262D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $263770.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                 | WESCO International, Inc.                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       950 | NS      | $274958.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                 | Zeta Global Holdings Corporation                          | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     11800 | NS      | $219244.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoominfo Technologies Inc                 | ZoomInfo Technologies, Inc.                               | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     33950 | NS      | $273297.50    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DLocal Limited                            | Dlocal Ltd./Uruguay                                       | CUSIP: G29018101<br>LEI: N/A                  | Long             | EC               | CORP              | UY        |     35400 | NS      | $476484.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd.                        | Grab Holdings Ltd.                                        | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | SG        |     52000 | NS      | $223600.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                           | Marex Group PLC                                           | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |      5900 | NS      | $232932.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NIQ Global Intelligence PLC               | NIQ Global Intelligence plc                               | CUSIP: G63755105<br>LEI: 529900Z0P0XAM4O3H416 | Long             | EC               | CORP              | US        |     17550 | NS      | $298174.50    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagseguro Digital Ltd                     | Pagseguro Digital Ltd.                                    | CUSIP: G68707101<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | BR        |     37800 | NS      | $425250.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                           | SharkNinja, Inc.                                          | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $413700.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                            | Tecnoglass, Inc.                                          | CUSIP: G87264100<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | US        |      4050 | NS      | $198085.50    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportradar Group AG                       | Sportradar Group A.G.                                     | CUSIP: H8088L103<br>LEI: 549300H1P33YOAT7Z533 | Long             | EC               | CORP              | CH        |     13600 | NS      | $246296.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Huntington Conservative Deposit Account                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |    560312 | PA      | $560312.22    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant S.A                               | Globant S.A.                                              | CUSIP: L44385109<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      4700 | NS      | $314336.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.                    | CyberArk Software Ltd.                                    | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       950 | NS      | $409288.50    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                                  | Nova Ltd.                                                 | CUSIP: M7516K103<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      1800 | NS      | $824112.00    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd.                                 | IREN Ltd.                                                 | CUSIP: Q4982L109<br>LEI: 254900FZF02RB3NNGB71 | Long             | EC               | CORP              | AU        |      9450 | NS      | $507843.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** American Pension Investors Trust

**Signature:** Dennis Stratton

**Name of Signer:** Dennis Stratton

**Title:** Chief Financial Officer & Treasurer