# EDGAR Filing Document

**Accession Number:** 0001552947
**File Stem:** 0000910472-25-006236
**Filing Date:** 2025-12
**Character Count:** 13343
**Document Hash:** c76634a6d3ed6ff4ac18b63adf76e476
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006236.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006236

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Two Roads Shared Trust
- **CENTRAL INDEX KEY:** 0001552947

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22718
- **FILM NUMBER:** 251606999

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

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

## Series and Classes Contracts Data

### Anfield U.S. Equity Sector Rotation ETF (Series ID: S000067047)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000215718 | Anfield U.S. Equity Sector Rotation ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Two Roads Shared Trust

- **b. Investment Company Act file number:** 811-22718

- **c. CIK number of Registrant:** 0001552947

- **d. LEI of Registrant:** 549300REHU8QC2CK4V30

- **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:** 402-895-1600

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

- **a. Name of Series:** Anfield US Equity Sector Rotation ETF

- **b. EDGAR series identifier (if any):** S000067047

- **c. LEI of Series:** 549300NDF0K5C4SFNU15

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $155169141.96

**Total Liabilities:** $154030.46

**Net Assets:** $155015111.50

**Cash Not Reported:** $129168.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215718 | 2.07%                | 4.25%                | 2.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $352268.17               | $2801845.73                                |
| Month 2  | $8855906.99              | $-2658838.52                               |
| Month 3  | $590337.72               | $2564750.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Celsius Holdings Inc.                 | CELSIUS HOLDINGS          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21967 | NS      | $1323072.41   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                 | NEWMARKET CORP            | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      1407 | NS      | $1080435.30   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA    | MILLICOM INTL             | CUSIP: L6388F110<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     24224 | NS      | $1141192.64   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                | LIBERTY MEDIA CO          | CUSIP: 531229748<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     12300 | NS      | $1079202.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES U.S. FINANCIAL SE | CUSIP: 464287770<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     83452 | NS      | $7354624.76   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD CN ST E          | CUSIP: 92204A207<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |      9279 | NS      | $1931052.69   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                      | RBC BEARINGS INC          | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3030 | NS      | $1298445.90   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti PLC                 | ANGLOGOLD ASHANT          | CUSIP: G0378L100<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     17056 | NS      | $1159808.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                  | ROIVANT SCIENCES          | CUSIP: G76279101<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |     78618 | NS      | $1571573.82   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                            | NASDAQ INC                | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     13161 | NS      | $1125133.89   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                          | NVIDIA CORP               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6489 | NS      | $1313957.61   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-CONS DISCRE          | CUSIP: 81369Y407<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     18219 | NS      | $4371284.67   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company             | NATL FUEL GAS CO          | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     12428 | NS      | $980693.48    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | ADV MICRO DEVICE          | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      7112 | NS      | $1821525.44   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO Inc                               | QXO INC                   | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58863 | NS      | $1040109.21   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                          | FASTENAL CO               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     24050 | NS      | $989657.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES EXPANDED          | CUSIP: 464287515<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    178702 | NS      | $20641868.02  | 13.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc             | PALANTIR TECHN-A          | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6417 | NS      | $1286415.99   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.   | HUNTINGTON INGAL          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      4146 | NS      | $1335094.92   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Companies Inc                  | ROCKET COS INC-A          | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59191 | NS      | $986122.06    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation         | BOSTON SCIENTIFC          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     11682 | NS      | $1176611.04   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust                | SPDR S&P 500 ETF          | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     34087 | NS      | $23249379.22  | 15.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-COMM SERV            | CUSIP: 81369Y852<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |    223558 | NS      | $25666693.98  | 16.56%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard World Fund                   | VANGUARD CN DI E          | CUSIP: 92204A108<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | RF                | US        |     12333 | NS      | $4875974.88   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II | INVESCO KBW BANK ETF      | CUSIP: 46138E628<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     75166 | NS      | $5787782.00   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                   | NEWMONT CORP              | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     13712 | NS      | $1110260.64   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                         | ISHARES SEMICOND          | CUSIP: 464287523<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     81004 | NS      | $24831776.20  | 16.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                         | WOODWARD INC              | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      4825 | NS      | $1264680.75   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ARK ETF Trust                         | ARK NEXT GENERAT          | CUSIP: 00214Q401<br>LEI: 2549000Z0EWMH3U0CQ16 | Long             | EC               | RF                | US        |     41609 | NS      | $7360632.10   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust              | SPDR-INDU SELECT          | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     31469 | NS      | $4879583.14   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc         | INTERCONTINENTAL          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      6836 | NS      | $1000038.44   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Two Roads Shared Trust

**Signature:** Laura Szalyga

**Name of Signer:** Laura Szalyga

**Title:** Treasurer