# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-25-154341
**Filing Date:** 2025-6
**Character Count:** 19892
**Document Hash:** ec0e7a4e1936b974af24831f711bbbb8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-154341.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-154341

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 251071198

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Westwood Quality Value Fund (Series ID: S000072844)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000229481 | Westwood Quality Value Fund A Class Shares       | WWLAX           |
| C000229483 | Westwood Quality Value Fund Institutional Shares | WHGLX           |
| C000240108 | Westwood Quality Value Fund Ultra Shares         | WHGQX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** WESTWOOD QUALITY VALUE FUND

- **b. EDGAR series identifier (if any):** S000072844

- **c. LEI of Series:** 549300L1KHD013NBVS54

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $179526014.58

**Total Liabilities:** $1880100.56

**Net Assets:** $177645914.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229481 | -0.49%               | -3.90%               | -2.58%               |
| Class ID C000229483 | -0.43%               | -3.85%               | -2.60%               |
| Class ID C000240108 | -0.43%               | -3.86%               | -2.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4241464.85              | $-5489057.16                               |
| Month 2  | $-145744.63              | $-7292376.79                               |
| Month 3  | $-1750064.19             | $-3208457.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UnitedHealth Group Inc.             | UnitedHealth Group, Inc.                             | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     11877 | NS      | $4886672.88   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                | JPMorgan Chase & Company                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     25686 | NS      | $6283309.32   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc.                       | Prologis, Inc. REIT                                  | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     35512 | NS      | $3629326.40   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc              | Marvell Technology, Inc.                             | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49416 | NS      | $2884411.92   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                    | Arthur J. Gallagher & Company                        | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     11534 | NS      | $3698838.46   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                   | Exxon Mobil Corporation                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     37249 | NS      | $3934611.87   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated      | Texas Instruments, Inc.                              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     22691 | NS      | $3631694.55   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                 | Abbott Laboratories                                  | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     40560 | NS      | $5303220.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                | BWX Technologies, Inc.                               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     36530 | NS      | $3986153.60   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                     | Salesforce, Inc.                                     | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     12092 | NS      | $3249241.32   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                       | Accenture plc Class A                                | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     11940 | NS      | $3571851.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.             | Church & Dwight Company, Inc.                        | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     31877 | NS      | $3166661.18   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                         | Walmart, Inc.                                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     46455 | NS      | $4517748.75   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                     | T-Mobile USA, Inc.                                   | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     18549 | NS      | $4580675.55   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                         | PepsiCo, Inc.                                        | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     13215 | NS      | $1791689.70   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.             | CACI International, Inc.                             | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      9450 | NS      | $4326871.50   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                    | South State Corporation                              | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     37488 | NS      | $3253208.64   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.               | WEC Energy Group, Inc.                               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     32327 | NS      | $3540453.04   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.           | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U | CUSIP: 31846V211<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   6091953 | PA      | $6091952.76   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation          | American Tower Corporation                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      7864 | NS      | $1772624.24   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                  | EOG Resources, Inc.                                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     15354 | NS      | $1694006.82   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.            | Darden Restaurants, Inc.                             | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     19106 | NS      | $3833427.84   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                            | Visa, Inc. Class A                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     13465 | NS      | $4652157.50   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation         | Progressive Corporation (The)                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     16103 | NS      | $4536859.22   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.             | Berkshire Hathaway, Inc. Class B                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6649 | NS      | $3545579.25   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co. (The)                   | Hershey Company (The)                                | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     21534 | NS      | $3600269.46   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                    | Boise Cascade Company                                | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     32374 | NS      | $3019846.72   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation           | Union Pacific Corporation                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     24338 | NS      | $5248733.08   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                        | Southern Company                                     | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     37794 | NS      | $3472890.66   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.            | O'Reilly Automotive, Inc.                            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2546 | NS      | $3603099.20   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                | TopBuild Corporation                                 | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     11652 | NS      | $3446195.52   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.               | Bank of America Corporation                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     82952 | NS      | $3308125.76   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                 | Walt Disney Company (The)                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     50077 | NS      | $4554503.15   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      9948 | NS      | $3612914.64   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                  | NextEra Energy, Inc.                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     51441 | NS      | $3440374.08   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | Alphabet, Inc. Class A                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     28153 | NS      | $4470696.40   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                   | Wells Fargo & Company                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     49130 | NS      | $3488721.30   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                       | Chevron Corporation                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24691 | NS      | $3359457.46   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc       | Intercontinental Exchange, Inc.                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     26837 | NS      | $4507810.89   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                   | Johnson & Johnson                                    | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     22282 | NS      | $3482899.42   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                   | Agree Realty Corporation                             | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     45827 | NS      | $3556633.47   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.         | Dick's Sporting Goods, Inc.                          | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      9687 | NS      | $1818637.38   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corporation        | General Dynamics Corporation                         | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     13396 | NS      | $3645319.52   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.              | Waste Management, Inc.                               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     16202 | NS      | $3780898.72   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                     | Microsoft Corporation                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16865 | NS      | $6666059.90   | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.           | Goldman Sachs Group, Inc. (The)                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      5934 | NS      | $3249161.70   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated | Vertex Pharmaceuticals, Inc.                         | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      7162 | NS      | $3649039.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-21

**Name of Applicant:** Westwood Quality Value Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer