# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-26-127781
**Filing Date:** 2026-3
**Character Count:** 21116
**Document Hash:** 3f239f8131e00f6ff7e2f3a585c8b0ba
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-127781.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001193125-26-127781

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07959
- **FILM NUMBER:** 26801407

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7235

**MAIL ADDRESS:**
- **STREET 1:** 615 E MICHIGAN STREET
- **STREET 2:** MK-WI-LC2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Huber Mid Cap Value Fund (Series ID: S000052294)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000164420 | Investor Class      | HUMDX           |
| C000164421 | Institutional Class | HUMEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Huber Mid Cap Value Fund** | **Huber Mid Cap Value Fund** | **Huber Mid Cap Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.4%** | **Shares** | **Value**  |
| **Asset Management - 0.1%** | **Asset Management - 0.1%** | |
| Virtus Investment Partners, Inc. | 109 | $17794 |
| **Banking - 22.2%** | **Banking - 22.2%** |  |
| Citigroup, Inc. | 6300 | 728973 |
| First Citizens BancShares, Inc. - Class A | 350 | 724350 |
| First Horizon Corp. | 21417 | 524502 |
| Southstate Bank Corp. | 2052 | 209981  |
| Truist Financial Corp. | 10000 | 514200 |
|  |  | 2702006 |
| **Biotech & Pharmaceuticals - 4.0%** | **Biotech & Pharmaceuticals - 4.0%** |  |
| GSK PLC - ADR | 9300 | 479880 |
| **Consumer Services - 4.4%** | **Consumer Services - 4.4%** |  |
| Upbound Group, Inc. | 28039 | 529937 |
| **Electric - 0.9%** | **Electric - 0.9%** |  |
| Vistra Corp. | 700 | 110845 |
| **Electric Utilities - 0.6%** | **Electric Utilities - 0.6%** |  |
| Entergy Corp. | 800 | 76712 |
| **Food - 0.1%** | **Food - 0.1%** |  |
| Lamb Weston Holdings, Inc. | 266 | 12217 |
| **Gas & Water Utilities - 0.5%** | **Gas & Water Utilities - 0.5%** |  |
| National Fuel Gas Co. | 700 | 58625 |
| **Health Care Facilities & Services - 3.9%** | **Health Care Facilities & Services - 3.9%** |  |
| Tenet Healthcare Corp. <sup>(a)</sup> | 2500 | 473200 |
| **Industrial Support Services - 3.2%** | **Industrial Support Services - 3.2%** |  |
| United Rentals, Inc. | 500 | 391030 |
| **Insurance - 1.6%** | **Insurance - 1.6%** |  |
| CNO Financial Group, Inc. | 4510 | 189646 |
| **Internet - 6.1%** | **Internet - 6.1%** |  |
| F5 Networks, Inc. <sup>(a)</sup> | 1800 | 496098 |
| VeriSign, Inc. | 1000 | 244230 |
|  |  | 740328 |
| **Internet Media & Services - 1.4%** | **Internet Media & Services - 1.4%** |  |
| Lyft, Inc. - Class A <sup>(a)</sup> | 10193 | 171956 |
| **Oil & Gas Producers - 12.4%** | **Oil & Gas Producers - 12.4%** |  |
| BP PLC - ADR | 3000 | 113640 |
| Cheniere Energy, Inc. | 700 | 148064 |
| Chord Energy Corp | 1300 | 130312  |
| Golar LNG Ltd. | 27339 | 1109690 |
|  |  | 1501706 |
| **Oil & Gas Services & Equipment - 13.4%** | **Oil & Gas Services & Equipment - 13.4%** |  |
| TETRA Technologies, Inc. <sup>(a)</sup> | 142924 | 1629334 |
| **Retail - 2.4%** | **Retail - 2.4%** |  |
| Dollar General Corp. | 2000 | 286860 |
| **Software - 1.5%** | **Software - 1.5%** |  |
| Weave Communications, Inc. <sup>(a)</sup> | 27896 | 181324 |
| **Specialty Finance - 8.0%** | **Specialty Finance - 8.0%** |  |
| Enova International, Inc. <sup>(a)</sup> | 5904 | 975164 |
| **Technology Services - 4.1%** | **Technology Services - 4.1%** |  |
| KBR, Inc. | 10994 | 470653 |
| Science Applications International Corp. | 300 | 30528 |
|  |  | 501181 |
| **Transportation & Logistics - 5.8%** | **Transportation & Logistics - 5.8%** |  |
| FedEx Corp. | 2200 | 708950 |
| **Transportation Equipment - 2.8%** | **Transportation Equipment - 2.8%** |  |
| General Motors Co. | 4000 | 336000 |
| **TOTAL COMMON STOCKS** (Cost $5,322,405) | **TOTAL COMMON STOCKS** (Cost $5,322,405) | 12074695 |
| **REAL ESTATE INVESTMENT TRUSTS - 0.6%** | **Shares** | **Value**  |
| **REITS - 0.6%** | **REITS - 0.6%** |  |
| Granite Real Estate Investment Trust | 1100 | 70845 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $29,536) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $29,536) | 70845 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.3%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.61% <sup>(b)</sup> | 80840 | 80840 |
| First American Treasury Obligations Fund - Class X, 3.59% <sup>(b)</sup> | 80839 | 80839 |
| **TOTAL MONEY MARKET FUNDS** (Cost $161,679) | **TOTAL MONEY MARKET FUNDS** (Cost $161,679) | 161679 |
| **TOTAL INVESTMENTS - 101.3% (**Cost $5,513,620**)** | **TOTAL INVESTMENTS - 101.3% (**Cost $5,513,620**)** | 12307219 |
| Liabilities in Excess of Other Assets - (1.3)% | Liabilities in Excess of Other Assets - (1.3)% | (156179) |
| **TOTAL NET ASSETS - 100.0%** |  | $12151040 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of January 31, 2026.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Huber Mid Cap Value Fund (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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $12074695 | $– | $– | $12074695 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | – | 70845 | – | 70845 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 161679 | – | – | 161679 |
| Total Investments | $12236374 | $70845 | $– | $12307219 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisors Series Trust

- **b. Investment Company Act file number:** 811-07959

- **c. CIK number of Registrant:** 0001027596

- **d. LEI of Registrant:** 2549003Z0J6URS6I4Y63

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 626-914-7363

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

- **a. Name of Series:** Huber Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000052294

- **c. LEI of Series:** 549300HYGP38RGBSDQ13

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

- **a. Date of fiscal year-end:** 2026-10-31

- **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:** $12217058.07

**Total Liabilities:** $66553.52

**Net Assets:** $12150504.55

**Cash Not Reported:** $647.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164420 | 1.21%                | 6.30%                | 5.60%                |
| Class ID C000164421 | 1.20%                | 6.34%                | 5.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-50084.80               | $179127.94                                 |
| Month 2  | $-15618.36               | $692413.04                                 |
| Month 3  | $-4214.68                | $657230.62                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| F5 Inc                         | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      1800 | NS      | $496098.00    | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                        | GSK PLC                                    | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      9300 | NS      | $479880.00    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati | Science Applications International Corp    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |       300 | NS      | $30528.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       700 | NS      | $148064.00    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                        | KBR Inc                                    | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     10994 | NS      | $470653.14    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group Inc                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     28039 | NS      | $529937.10    | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP           | SOUTHSTATE BANK CORP                       | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      2052 | NS      | $209981.16    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc       | Weave Communications Inc                   | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27896 | NS      | $181324.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      6300 | NS      | $728973.00    | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       800 | NS      | $76712.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/ | First Citizens BancShares Inc/NC           | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       350 | NS      | $724349.50    | 5.96%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      4000 | NS      | $336000.00    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     80516 | NS      | $80515.54     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      2200 | NS      | $708950.00    | 5.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     10000 | NS      | $514200.00    | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       500 | NS      | $391030.00    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       700 | NS      | $110845.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                  | Golar LNG Ltd                              | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | EC               | CORP              | BM        |     27339 | NS      | $1109690.01   | 9.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International Inc                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      5904 | NS      | $975163.68    | 8.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc        | CNO Financial Group Inc                    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |      4510 | NS      | $189645.50    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     80516 | NS      | $80515.55     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc       | Lamb Weston Holdings Inc                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |       266 | NS      | $12217.38     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |       700 | NS      | $58625.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc | Virtus Investment Partners Inc             | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |       109 | NS      | $17794.25     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Real Estate Investment | Granite Real Estate Investment Trust       | CUSIP: 387437205<br>LEI: 549300A6I7CLE0ZC0396 | Long             | EC               | CORP              | CA        |      1100 | NS      | $70845.50     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      2500 | NS      | $473200.00    | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc         | TETRA Technologies Inc                     | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    142924 | NS      | $1629333.60   | 13.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                       | Lyft Inc                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     10193 | NS      | $171955.91    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                   | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      1000 | NS      | $244230.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                     | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |      3000 | NS      | $113640.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      2000 | NS      | $286860.00    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp             | First Horizon Corp                         | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     21417 | NS      | $524502.33    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-25

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Treasurer & Vice President