# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-006139
**Filing Date:** 2025-12
**Character Count:** 25484
**Document Hash:** 9d7a1a34058de8c50d583445a2cbfc8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-006139.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000910472-25-006139

**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:** 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:** 251605339

**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 Smidcap Fund (Series ID: S000072843)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000229479 | Westwood Quality Smidcap Fund Ultra Shares         | WWSMX           |
| C000229480 | Westwood Quality Smidcap Fund Institutional Shares | WHGMX           |

## 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 SMIDCAP FUND

- **b. EDGAR series identifier (if any):** S000072843

- **c. LEI of Series:** 5493003XJJMCGXUKRT92

**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:** $96680797.90

**Total Liabilities:** $990866.06

**Net Assets:** $95689931.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229479 | 4.13%                | -0.00%               | -3.62%               |
| Class ID C000229480 | 4.13%                | -0.00%               | -3.67%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $23212.81                | $3869024.00                                |
| Month 2  | $379659.60               | $-477896.58                                |
| Month 3  | $2685005.87              | $-6311321.47                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Drainage System Inc              | ADVANCED DRAINAGE SYSTEMS, INC.                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     14742 | NS      | $2064617.10   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation            | Wintrust Financial Corporation                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     15580 | NS      | $2025711.60   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                           | MSA Safety, Inc.                                     | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     12399 | NS      | $1947014.97   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.                     | SOUTHSTATE BANK CORP                                 | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27404 | NS      | $2429364.60   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                    | Cheesecake Factory, Inc. (The)                       | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     29140 | NS      | $1451172.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corporation            | Warner Music Group Corp.                             | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45379 | NS      | $1450312.84   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corporation                        | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    154974 | NS      | $1946473.44   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.            | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     14535 | NS      | $1316871.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                | Sensient Technologies Corporation                    | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     21840 | NS      | $2059293.60   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                | Lithia Motors, Inc. Class A                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      6163 | NS      | $1935675.04   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                   | Piper Sandler Cos                                    | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      4429 | NS      | $1414002.54   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                | Cooper Companies, Inc. (The)                         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     13224 | NS      | $924489.84    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                           | Marex Group PLC                                      | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     41437 | NS      | $1257612.95   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | Academy Sports & Outdoors, Inc.                      | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     29455 | NS      | $1410599.95   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                   | COPT Defense Properties REIT                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     51542 | NS      | $1451938.14   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                        | Timken Company (The)                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     23622 | NS      | $1854563.22   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                        | Chord Energy Corporation                             | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     15110 | NS      | $1370779.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                   | CACI International, Inc.                             | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      2493 | NS      | $1401689.25   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America          | Packaging Corporation of America                     | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     10007 | NS      | $1958970.32   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                | Brixmor Property Group, Inc.                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     40889 | NS      | $1069656.24   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation               | Mercury General Corporation                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     18106 | NS      | $1399593.80   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust           | Federal Realty Investment Trust REIT                 | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     14766 | NS      | $1420341.54   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                               | Avantor, Inc.                                        | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65211 | NS      | $770794.02    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                     | BWX Technologies, Inc.                               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      4490 | NS      | $959108.90    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                        | Avista Corporation                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     50181 | NS      | $1909387.05   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Company                                | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     12888 | NS      | $908475.12    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc            | BJ's Wholesale Club Holdings, Inc.                   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     17049 | NS      | $1504744.74   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                        | Crown Holdings, Inc.                                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     16707 | NS      | $1623586.26   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.               | RenaissanceRe Holdings Ltd.                          | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      5971 | NS      | $1517171.39   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                 | Moog, Inc. Class A                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      4784 | NS      | $980002.40    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                        | Domino's Pizza, Inc.                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3703 | NS      | $1475497.38   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                          | Royal Gold, Inc.                                     | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      8362 | NS      | $1461593.98   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                               | IDACORP, Inc.                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     17963 | NS      | $2317586.26   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                      | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      3252 | NS      | $1528440.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                  | Modine Manufacturing Company                         | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     12448 | NS      | $1907158.08   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                             | BlackLine, Inc.                                      | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     12596 | NS      | $721121.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                        | Vail Resorts, Inc.                                   | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      6590 | NS      | $977494.70    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                      | Glacier Bancorp, Inc.                                | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     45843 | NS      | $1872686.55   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                           | Blue Bird Corporation                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     22221 | NS      | $1110161.16   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                     | Teleflex, Inc.                                       | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      8310 | NS      | $1034345.70   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                           | Pegasystems, Inc.                                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     23795 | NS      | $1514551.75   | 1.58%             |  |  |  | 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        |   2684372 | PA      | $2684371.73   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.           | Gulfport Energy Corporation                          | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      5645 | NS      | $1050026.45   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                      | PotlatchDeltic Corporation REIT                      | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     47551 | NS      | $1902040.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                     | US Foods Holding Corporation                         | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     13479 | NS      | $978844.98    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                | Cullen/Frost Bankers, Inc.                           | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     18914 | NS      | $2329069.96   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials, Inc.                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      8629 | NS      | $1832109.28   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.            | Rexford Industrial Realty, Inc.                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     45402 | NS      | $1876010.64   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse, Inc.                                | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      8517 | NS      | $1393210.86   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                          | Inter Parfums, Inc.                                  | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17765 | NS      | $1583749.75   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                 | National Fuel Gas Company                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     24159 | NS      | $1906386.69   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                         | Newmark Group, Inc. Class A                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63044 | NS      | $1124074.52   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                    | Integer Holdings Corporation                         | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     21845 | NS      | $1410531.65   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation                | Verra Mobility Corporation                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     82706 | NS      | $1919606.26   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                        | Henry Schein, Inc.                                   | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     23332 | NS      | $1474582.40   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                   | XPO Logistics, Inc.                                  | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     10553 | NS      | $1518260.11   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                              | Evercore Partners, Inc. Class A                      | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      4423 | NS      | $1302838.88   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                 | Pan American Silver Corporation                      | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     42564 | NS      | $1498678.44   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                            | Amdocs Ltd.                                          | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     11338 | NS      | $955339.88    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                           | Littelfuse, Inc.                                     | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      5670 | NS      | $1379567.70   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                               | Rambus, Inc.                                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      8964 | NS      | $921857.76    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited            | Axalta Coating Systems Ltd.                          | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     67369 | NS      | $1917995.43   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                 | AAR Corporation                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     24201 | NS      | $2037966.21   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

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

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer