# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-000703
**Filing Date:** 2026-1
**Character Count:** 15265
**Document Hash:** 4619dc9adc13f04cda64352d8b013bea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-000703.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000910472-26-000703

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20251130

**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:** 26567799

**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

### Lyrical U.S. Value Equity Fund (Series ID: S000039711)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000123053 | Institutional Class | LYRIX           |
| C000138389 | Investor Class      | LYRBX           |
| C000236985 | C Class             | LYRCX           |
| C000236986 | A Class             | LRYAX           |

## 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:** LYRICAL U.S. VALUE EQUITY FUND

- **b. EDGAR series identifier (if any):** S000039711

- **c. LEI of Series:** 549300TMI4O41KM0XV37

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $1140498052.81

**Total Liabilities:** $57206622.84

**Net Assets:** $1083291429.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236986 | -5.84%               | -7.46%               | -3.45%               |
| Class ID C000123053 | -0.13%               | -1.74%               | 2.43%                |
| Class ID C000138389 | -0.14%               | -1.79%               | 2.45%                |
| Class ID C000236985 | -1.20%               | -2.84%               | 1.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $75761283.93             | $-77534724.94                              |
| Month 2  | $-916823.04              | $-18623813.71                              |
| Month 3  | $-1200146.47             | $27940199.96                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Global Payments Inc                        | Global Payments, Inc.                          | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    375941 | NS      | $28481290.16  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                            | LKQ Corporation                                | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    594917 | NS      | $17663085.73  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.            | Affiliated Managers Group, Inc.                | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     89238 | NS      | $23989851.54  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                 | Corpay, Inc.                                   | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |    155548 | NS      | $46011098.40  | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                            | Gen Digital, Inc.                              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |   1311905 | NS      | $34594934.85  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                      | Uber Technologies, Inc.                        | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    557499 | NS      | $48803462.46  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC         | Johnson Controls International plc             | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |    493693 | NS      | $57421432.83  | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                              | Assurant, Inc.                                 | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    127537 | NS      | $29098841.92  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                              | Centene Corporation                            | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    574776 | NS      | $22611687.84  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                     | F5, Inc.                                       | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |    133665 | NS      | $31967321.40  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                            | Primerica, Inc.                                | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     79752 | NS      | $20521784.64  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                  | Amcor plc                                      | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | CH        |   2551319 | NS      | $21737237.88  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                           | NRG Energy, Inc.                               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    439286 | NS      | $74454584.14  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                 | Ameriprise Financial, Inc.                     | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     96166 | NS      | $43826692.84  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                    | WEX, Inc.                                      | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     92525 | NS      | $13727009.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                         | HCA Healthcare, Inc.                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    112224 | NS      | $57042336.96  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services, Inc.   | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    690224 | NS      | $45396032.48  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cigna Group                            | Cigna Group (The)                              | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    123846 | NS      | $34340018.88  | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                           | Concentrix Corporation                         | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |    130703 | NS      | $4732755.63   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                             | TD SYNNEX Corporation                          | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    163706 | NS      | $24961890.88  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                 | Lithia Motors, Inc. Class A                    | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     60591 | NS      | $19318834.44  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc.                                | NetApp, Inc.                                   | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |    431822 | NS      | $48174062.32  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.            | SS&C Technologies Holdings, Inc.               | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    556653 | NS      | $47838758.82  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                           | Lear Corporation                               | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    132707 | NS      | $14247423.52  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                  | WESCO International, Inc.                      | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    112780 | NS      | $30158499.80  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                         | Henry Schein, Inc.                             | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |    279118 | NS      | $20813829.26  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                  | eBay, Inc.                                     | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    650830 | NS      | $53882215.70  | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                 | Adient plc                                     | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | US        |    201500 | NS      | $3921190.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                       | AerCap Holdings N.V.                           | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |    399682 | NS      | $53557388.00  | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Invts T                         | Invesco Treasury Portfolio Institutional Class | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |  24446713 | PA      | $24446712.84  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                          | Expedia Group, Inc.                            | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |    277269 | NS      | $70894910.61  | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                    | Arrow Electronics, Inc.                        | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |    151010 | NS      | $16310590.10  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                  | Flex Ltd.                                      | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |    919583 | NS      | $54356551.13  | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Lyrical U.S. Value Equity Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer