# EDGAR Filing Document

**Accession Number:** 0001591939
**File Stem:** 0000894189-26-014964
**Filing Date:** 2026-5
**Character Count:** 30204
**Document Hash:** 6f193e23aa3f7cf810f8c233121ffc99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-014964.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0000894189-26-014964

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Absolute Shares Trust
- **CENTRAL INDEX KEY:** 0001591939

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22917
- **FILM NUMBER:** 26983856

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WBI INVESTMENTS, INC.
- **STREET 2:** 331 NEWMAN SPRINGS ROAD, SUITE 105
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701
- **BUSINESS PHONE:** 732-842-4920

**MAIL ADDRESS:**
- **STREET 1:** C/O WBI INVESTMENTS, INC.
- **STREET 2:** 331 NEWMAN SPRINGS ROAD, SUITE 143
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701

## Series and Classes Contracts Data

### WBI BullBear Quality 3000 ETF (Series ID: S000044183)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000137333 | WBI BullBear Quality 3000 ETF | WBIL            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WBI BullBear Quality 3000 ETF** | **WBI BullBear Quality 3000 ETF** | **WBI BullBear Quality 3000 ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 77.3%** | **Shares**  | **Value**  |
| **Capital Goods - 13.7%** | **Capital Goods - 13.7%** | |
| Cummins, Inc. | 650 | $349713 |
| GE Vernova, Inc. | 808 | 705303 |
| General Dynamics Corp. | 1552 | 532678 |
| Howmet Aerospace, Inc. <sup>(a)</sup> | 2302 | 530519 |
| Rockwell Automation, Inc. <sup>(a)</sup> | 970 | 348114 |
| RTX Corp. | 2719 | 524495 |
| Vertiv Holdings Co. - Class A | 2718 | 681076 |
|  |  | 3671898 |
| **Consumer Discretionary Distribution & Retail - 6.3%** | **Consumer Discretionary Distribution & Retail - 6.3%** |  |
| eBay, Inc. | 6192 | 563596 |
| Ross Stores, Inc. | 2643 | 572553 |
| TJX Cos., Inc. | 3487 | 556874 |
|  |  | 1693023 |
| **Consumer Durables & Apparel - 2.0%** | **Consumer Durables & Apparel - 2.0%** |  |
| Tapestry, Inc. <sup>(a)</sup> | 3767 | 531561 |
| **Consumer Services - 5.1%** | **Consumer Services - 5.1%** |  |
| Darden Restaurants, Inc. | 2512 | 492453 |
| Expedia Group, Inc. | 1523 | 351645 |
| Yum! Brands, Inc. | 3420 | 531742 |
|  |  | 1375840 |
| **Consumer Staples Distribution & Retail - 4.1%** | **Consumer Staples Distribution & Retail - 4.1%** |  |
| Costco Wholesale Corp. | 547 | 545047 |
| Walmart, Inc. | 4357 | 541488 |
|  |  | 1086535 |
| **Energy - 1.9%** | **Energy - 1.9%** |  |
| Baker Hughes Co. | 8455 | 516178 |
| **Financial Services - 8.3%** | **Financial Services - 8.3%** |  |
| Block, Inc. <sup>(b)</sup> | 1679 | 101042 |
| Cboe Global Markets, Inc. | 1888 | 530660 |
| CME Group, Inc. | 1759 | 519521 |
| Interactive Brokers Group, Inc. - Class A | 8019 | 537834 |
| Tradeweb Markets, Inc. - Class A | 4383 | 515704 |
|  |  | 2204761 |
| **Food, Beverage & Tobacco - 1.7%** | **Food, Beverage & Tobacco - 1.7%** |  |
| Hershey Co. | 2163 | 449666 |
| **Health Care Equipment & Services - 6.7%** | **Health Care Equipment & Services - 6.7%** |  |
| Cencora, Inc. | 1042 | 327334 |
| Dexcom, Inc. <sup>(b)</sup> | 8099 | 508617 |
| ResMed, Inc. | 1465 | 328863 |
| STERIS PLC | 1247 | 275749 |
| Stryker Corp. <sup>(a)</sup> | 1084 | 356192 |
|  |  | 1796755 |
| **Insurance - 2.0%** | **Insurance - 2.0%** |  |
| Cincinnati Financial Corp. | 3316 | 521773 |
| **Materials - 2.2%** | **Materials - 2.2%** |  |
| Newmont Corp. | 5425 | 587256 |
| **Media & Entertainment - 4.7%** | **Media & Entertainment - 4.7%** |  |
| Charter Communications, Inc. - Class A <sup>(b)</sup> | 2403 | 518760 |
| Fox Corp. - Class B | 8636 | 458571 |
| Netflix, Inc. <sup>(b)</sup> | 2888 | 277681 |
|  |  | 1255012 |
| **Pharmaceuticals, Biotechnology & Life Sciences - 1.9%** | **Pharmaceuticals, Biotechnology & Life Sciences - 1.9%** |  |
| Bristol-Myers Squibb Co. | 8519 | 516677 |
| **Semiconductors & Semiconductor Equipment - 3.1%** | **Semiconductors & Semiconductor Equipment - 3.1%** |  |
| Advanced Micro Devices, Inc. <sup>(b)</sup> | 2677 | 544582 |
| QuickLogic Corp. <sup>(b)</sup> | 31025 | 291015 |
|  |  | 835597 |
| **Software & Services - 6.0%** | **Software & Services - 6.0%** |  |
| Fastly, Inc. - Class A <sup>(b)</sup> | 11413 | 331662 |
| Figma, Inc. - Class A <sup>(b)</sup> | 10563 | 223302 |
| HubSpot, Inc. <sup>(b)</sup> | 1073 | 261919 |
| RingCentral, Inc. - Class A <sup>(a)</sup> | 7263 | 270111 |
| ServiceTitan, Inc. - Class A <sup>(a)(b)</sup> | 3654 | 231883 |
| Wix.com Ltd. <sup>(a)(b)</sup> | 3117 | 280748 |
|  |  | 1599625 |
| **Technology Hardware & Equipment - 5.6%** | **Technology Hardware & Equipment - 5.6%** |  |
| Applied Optoelectronics, Inc. <sup>(a)(b)</sup> | 2603 | 220188 |
| Cisco Systems, Inc. | 6274 | 486800 |
| Keysight Technologies, Inc. <sup>(b)</sup> | 977 | 275875 |
| Motorola Solutions, Inc. | 1160 | 503405 |
|  |  | 1486268 |
| **Transportation - 2.0%** | **Transportation - 2.0%** |  |
| Union Pacific Corp. | 2219 | 538374 |
| **TOTAL COMMON STOCKS** (Cost $20,649,272) | **TOTAL COMMON STOCKS** (Cost $20,649,272) | 20666799 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.5%** | **Units**  | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.78% <sup>(c)</sup> | 2258262 | 2258262 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,258,262) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $2,258,262) | 2258262 |
| **TOTAL INVESTMENTS - 85.8% (**Cost $22,907,534**)** | **TOTAL INVESTMENTS - 85.8% (**Cost $22,907,534**)** | 22925061 |
| Money Market Deposit Account - 18.0% <sup>(d)</sup> | Money Market Deposit Account - 18.0% <sup>(d)</sup> | 4817468 |
| Liabilities in Excess of Other Assets - (3.8)% | Liabilities in Excess of Other Assets - (3.8)% | (1021825) |
| **TOTAL NET ASSETS - 100.0%** |  | $26720704 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $2,268,293.

(b) Non-income producing security.

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

(d) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and
 is subject to change daily. The rate as of March 31, 2026 was 1.77%.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
WBI BullBear Quality 3000 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 March 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 | $20666799 | $– | $– | $20666799 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 2258262 |
| Total Investments | $20666799 | $– | $– | $22925061 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of
 $2,258,262 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Absolute Shares Trust

- **b. Investment Company Act file number:** 811-22917

- **c. CIK number of Registrant:** 0001591939

- **d. LEI of Registrant:** 5493005LD0D8EHH9CD08

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

  - **Street Address 1:** 331 Newman Springs Rd

  - **City:** Red Bank

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07701

  - **Telephone number:** 732-842-4920

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

- **a. Name of Series:** WBI BullBear Quality 3000 ETF

- **b. EDGAR series identifier (if any):** S000044183

- **c. LEI of Series:** 549300SDWM2K8PGUIY86

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $29482397.16

**Total Liabilities:** $2333151.62

**Net Assets:** $27149245.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137333 | 2.01%                | 2.45%                | -7.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-117107.00              | $725976.70                                 |
| Month 2  | $918744.01               | $-192345.16                                |
| Month 3  | $-833162.59              | $-1353176.77                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ResMed Inc                                | ResMed Inc                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1483 | NS      | $332903.84    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                           | RingCentral Inc                           | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |      7354 | NS      | $273495.26    | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Rockwell Automation Inc                   | Rockwell Automation Inc                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |       982 | NS      | $352420.16    | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Yum! Brands Inc                           | Yum! Brands Inc                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      3462 | NS      | $538271.76    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      1055 | NS      | $331417.70    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc               | Applied Optoelectronics Inc               | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |      2635 | NS      | $222894.65    | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Baker Hughes Co                           | Baker Hughes Co                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8561 | NS      | $522649.05    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                   | Bristol-Myers Squibb Co                   | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      8625 | NS      | $523106.25    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                   | Cboe Global Markets Inc                   | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      1911 | NS      | $537124.77    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                             | CME Group Inc                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1781 | NS      | $526018.35    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                 | Cincinnati Financial Corp                 | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |      3357 | NS      | $528223.95    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      6352 | NS      | $492851.68    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                            | Cloudflare Inc                            | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      1392 | NS      | $287225.28    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                   | Comfort Systems USA Inc                   | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       380 | NS      | $524016.20    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                     | Costco Wholesale Corp                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       553 | NS      | $551025.79    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                               | Cummins Inc                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       658 | NS      | $354017.16    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                    | Darden Restaurants Inc                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      2543 | NS      | $498529.72    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                | Dexcom Inc                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      8200 | NS      | $514960.00    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                  | eBay Inc                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      6269 | NS      | $570604.38    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                         | Expedia Group Inc                         | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1542 | NS      | $356032.38    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastly Inc                                | Fastly Inc                                | CUSIP: 31188V100<br>LEI: 549300E2FZC83FJ3H565 | Long             | EC               | CORP              | US        |     11556 | NS      | $335817.36    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                                 | Figma Inc                                 | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |     10695 | NS      | $226092.30    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                  | RTX Corp                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      2753 | NS      | $531053.70    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                          | ServiceTitan Inc                          | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3699 | NS      | $234738.54    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Block Inc                                 | Block Inc                                 | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |      1700 | NS      | $102306.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                              | Stryker Corp                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1097 | NS      | $360463.23    | 1.33%             |  |  |  | No            |                  1 | On Loan: —       |
| TJX Cos Inc/The                           | TJX Cos Inc/The                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      3530 | NS      | $563741.00    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                              | Tapestry Inc                              | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      3814 | NS      | $538193.54    | 1.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Tradeweb Markets Inc                      | Tradeweb Markets Inc                      | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4437 | NS      | $522057.42    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBFS 2                    | US BANK MMDA - USBFS 2                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   4817468 | NS      | $4817467.92   | 17.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                        | Vertiv Holdings Co                        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      2752 | NS      | $689596.16    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | Walmart Inc                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      4411 | NS      | $548199.08    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                | STERIS PLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1262 | NS      | $279066.06    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                               | Wix.com Ltd                               | CUSIP: N/A<br>LEI: 5493008P6N29Q1AG9464       | Long             | EC               | CORP              | IL        |      3156 | NS      | $284260.92    | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      2710 | NS      | $551295.30    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                           | Ross Stores Inc                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      2676 | NS      | $579701.88    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                  | Fox Corp                                  | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      8744 | NS      | $464306.40    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                            | GE Vernova Inc                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       818 | NS      | $714032.20    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                     | General Dynamics Corp                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1571 | NS      | $539198.62    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                            | Hershey Co/The                            | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      2190 | NS      | $455279.10    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                      | Howmet Aerospace Inc                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      2330 | NS      | $536971.80    | 1.98%             |  |  |  | No            |                  1 | On Loan: —       |
| HubSpot Inc                               | HubSpot Inc                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      1086 | NS      | $265092.60    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc             | Interactive Brokers Group Inc             | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      8119 | NS      | $544541.33    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                 | Keysight Technologies Inc                 | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |       989 | NS      | $279263.93    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                         | Lam Research Corp                         | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      2548 | NS      | $544405.68    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                     | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |       862 | NS      | $605779.12    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc              | Monolithic Power Systems Inc              | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       519 | NS      | $567448.65    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                    | Motorola Solutions Inc                    | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      1174 | NS      | $509480.78    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                               | Netflix Inc                               | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      2924 | NS      | $281142.60    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                              | Newmont Corp                              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      5493 | NS      | $594617.25    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| QuickLogic Corp                           | QuickLogic Corp                           | CUSIP: 74837P405<br>LEI: 529900V52LUN2EHHCH56 | Long             | EC               | CORP              | US        |     31414 | NS      | $294663.32    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2258262 | NS      | $2258262.00   | 8.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-07

**Name of Applicant:** Absolute Shares Trust

**Signature:** /s/Fred Teufel

**Name of Signer:** Fred Teufel

**Title:** Treasurer