# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-004632
**Filing Date:** 2026-3
**Character Count:** 36677
**Document Hash:** dace618ac09b1fadec0216840a3b5c58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004632.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004632

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26817004

**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 MIDCAP FUND (Series ID: S000074487)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000232438 | WESTWOOD QUALITY MIDCAP FUND INSTITUTIONAL SHARES | WWMCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.0%** | **Shares** | **Value** |
| **Consumer Discretionary - 11.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Automotive - 2.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modine Manufacturing Company <sup>(a)</sup> | &nbsp;&nbsp;189 | &nbsp;&nbsp;$34901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Home Construction - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toll Brothers, Inc. | &nbsp;&nbsp;173 | &nbsp;&nbsp;24997 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure Facilities & Services - 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | &nbsp;&nbsp;176 | &nbsp;&nbsp;31655 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vail Resorts, Inc. | &nbsp;&nbsp;152 | &nbsp;&nbsp;20227 |
|  |  | &nbsp;&nbsp;51882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Discretionary - 4.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lithia Motors, Inc. | &nbsp;&nbsp;70 | &nbsp;&nbsp;22641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;O'Reilly Automotive, Inc. <sup>(a)</sup> | &nbsp;&nbsp;324 | &nbsp;&nbsp;31885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ulta Beauty, Inc. <sup>(a)</sup> | &nbsp;&nbsp;38 | &nbsp;&nbsp;24599 |
|  |  | &nbsp;&nbsp;79125 |
| **Consumer Staples - 6.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Food - 1.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McCormick & Company, Inc. | &nbsp;&nbsp;358 | &nbsp;&nbsp;22135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Household Products - 3.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Church & Dwight Company, Inc. | &nbsp;&nbsp;279 | &nbsp;&nbsp;26854 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interparfums, Inc. | &nbsp;&nbsp;271 | &nbsp;&nbsp;26441 |
|  |  | &nbsp;&nbsp;53295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Consumer Staples - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;350 | &nbsp;&nbsp;32354 |
| **Energy - 6.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Oil & Gas Producers - 6.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chord Energy Corporation | &nbsp;&nbsp;350 | &nbsp;&nbsp;35084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diamondback Energy, Inc. | &nbsp;&nbsp;162 | &nbsp;&nbsp;26560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;113 | &nbsp;&nbsp;23071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Resources Corporation - Class A | &nbsp;&nbsp;1714 | &nbsp;&nbsp;27647 |
|  |  | &nbsp;&nbsp;112362 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.0% (Continued)** | **Shares** | **Value** |
| **Financials - 15.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Asset Management - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LPL Financial Holdings, Inc. | &nbsp;&nbsp;87 | &nbsp;&nbsp;$31712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banking - 4.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;174 | &nbsp;&nbsp;23980 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc. | &nbsp;&nbsp;501 | &nbsp;&nbsp;25391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SouthState Bank Corporation | &nbsp;&nbsp;251 | &nbsp;&nbsp;25685 |
|  |  | &nbsp;&nbsp;75056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Institutional Financial Services - 3.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. | &nbsp;&nbsp;196 | &nbsp;&nbsp;34061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piper Sandler Companies | &nbsp;&nbsp;69 | &nbsp;&nbsp;23898 |
|  |  | &nbsp;&nbsp;57959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance - 5.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American International Group, Inc. | &nbsp;&nbsp;549 | &nbsp;&nbsp;41109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur J. Gallagher & Company | &nbsp;&nbsp;90 | &nbsp;&nbsp;22443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brown & Brown, Inc. | &nbsp;&nbsp;406 | &nbsp;&nbsp;29273 |
|  |  | &nbsp;&nbsp;92825 |
| **Health Care - 6.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Facilities & Services - 2.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Henry Schein, Inc. <sup>(a)</sup> | &nbsp;&nbsp;314 | &nbsp;&nbsp;23701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKesson Corporation | &nbsp;&nbsp;19 | &nbsp;&nbsp;15793 |
|  |  | &nbsp;&nbsp;39494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Medical Equipment & Devices - 4.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avantor, Inc. <sup>(a)</sup> | &nbsp;&nbsp;1282 | &nbsp;&nbsp;13999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooper Companies, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;399 | &nbsp;&nbsp;32471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp;267 | &nbsp;&nbsp;23248 |
|  |  | &nbsp;&nbsp;69718 |
| **Industrials - 9.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 4.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. | &nbsp;&nbsp;79 | &nbsp;&nbsp;16229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp;54 | &nbsp;&nbsp;26349 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Littelfuse, Inc. | &nbsp;&nbsp;87 | &nbsp;&nbsp;28167 |
|  |  | &nbsp;&nbsp;70745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Machinery - 3.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSA Safety, Inc. | &nbsp;&nbsp;184 | &nbsp;&nbsp;32595 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.0% (Continued)** | **Shares** | **Value** |
| **Industrials - 9.8% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Machinery - 3.5% (Continued)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Veralto Corporation | &nbsp;&nbsp;243 | &nbsp;&nbsp;$24052 |
|  |  | &nbsp;&nbsp;56647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation & Logistics - 1.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Old Dominion Freight Line, Inc. | &nbsp;&nbsp;184 | &nbsp;&nbsp;31869 |
| **Materials - 13.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chemicals - 3.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corteva, Inc. | &nbsp;&nbsp;460 | &nbsp;&nbsp;33488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hawkins, Inc. | &nbsp;&nbsp;154 | &nbsp;&nbsp;20059 |
|  |  | &nbsp;&nbsp;53547 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Construction Materials - 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | &nbsp;&nbsp;154 | &nbsp;&nbsp;23414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eagle Materials, Inc. | &nbsp;&nbsp;137 | &nbsp;&nbsp;27922 |
|  |  | &nbsp;&nbsp;51336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Containers & Packaging - 3.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Holdings, Inc. | &nbsp;&nbsp;232 | &nbsp;&nbsp;24286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Packaging Corporation of America | &nbsp;&nbsp;154 | &nbsp;&nbsp;34272 |
|  |  | &nbsp;&nbsp;58558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Metals & Mining - 3.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cameco Corporation | &nbsp;&nbsp;222 | &nbsp;&nbsp;27392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver Corporation | &nbsp;&nbsp;386 | &nbsp;&nbsp;21076 |
|  |  | &nbsp;&nbsp;48468 |
| **Real Estate - 7.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*REITs - 7.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Agree Realty Corporation | &nbsp;&nbsp;435 | &nbsp;&nbsp;31420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Realty Investment Trust | &nbsp;&nbsp;311 | &nbsp;&nbsp;31461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Healthpeak Properties, Inc. | &nbsp;&nbsp;1873 | &nbsp;&nbsp;32290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ventas, Inc. | &nbsp;&nbsp;398 | &nbsp;&nbsp;30913 |
|  |  | &nbsp;&nbsp;126084 |
| **Technology - 11.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 7.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allegro MicroSystems, Inc. <sup>(a)</sup> | &nbsp;&nbsp;763 | &nbsp;&nbsp;28162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corporation <sup>(a)</sup> | &nbsp;&nbsp;286 | &nbsp;&nbsp;23029 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology, Inc. | &nbsp;&nbsp;481 | &nbsp;&nbsp;37961 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** | **WESTWOOD QUALITY MIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.0% (Continued)** | **Shares** | **Value** |
| **Technology - 11.9% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 7.3% (Continued)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rambus, Inc. <sup>(a)</sup> | &nbsp;&nbsp;252 | &nbsp;&nbsp;$28685 |
|  |  | &nbsp;&nbsp;117837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Software - 3.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pegasystems, Inc. | &nbsp;&nbsp;554 | &nbsp;&nbsp;24204 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verra Mobility Corporation <sup>(a)</sup> | &nbsp;&nbsp;1366 | &nbsp;&nbsp;26364 |
|  |  | &nbsp;&nbsp;50568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Technology Services - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CACI International, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;40 | &nbsp;&nbsp;24823 |
| **Utilities - 6.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electric Utilities - 6.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alliant Energy Corporation | &nbsp;&nbsp;355 | &nbsp;&nbsp;23398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CMS Energy Corporation | &nbsp;&nbsp;437 | &nbsp;&nbsp;31241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTE Energy Company | &nbsp;&nbsp;175 | &nbsp;&nbsp;23517 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evergy, Inc. | &nbsp;&nbsp;315 | &nbsp;&nbsp;24170 |
|  |  | &nbsp;&nbsp;102326 |
| **Total Common Stocks** (Cost $1,313,235) | **Total Common Stocks** (Cost $1,313,235) | &nbsp;&nbsp;$1570623 |
| **MONEY MARKET FUNDS - 2.8%** | **Shares** | **Value** |
| First American Treasury Obligations Fund - Class X, 3.59% <sup>(b)</sup> <br> (Cost $44,611) | &nbsp;&nbsp;44611 | &nbsp;&nbsp;$44611 |
| **Investments at Value - 99.8%** (Cost $1,357,846) | **Investments at Value - 99.8%** (Cost $1,357,846) | &nbsp;&nbsp;$1615234 |
| **Other Assets in Excess of Liabilities - 0.2%** | **Other Assets in Excess of Liabilities - 0.2%** | &nbsp;&nbsp;3908 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$1619142 |

---

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> The rate shown is the 7-day effective yield as of January 31, 2026.

## 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 MIDCAP FUND

- **b. EDGAR series identifier (if any):** S000074487

- **c. LEI of Series:** 549300KN2XZ7PMSLZB87

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **Yes**

### Fund Information

**Total Assets:** $1646496.40

**Total Liabilities:** $27354.27

**Net Assets:** $1619142.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232438 | 2.64%                | 0.07%                | 4.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2636.01                 | $34985.60                                  |
| Month 2  | $8964.49                 | $-9393.85                                  |
| Month 3  | $18374.34                | $54041.63                                  |

### 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        |       154 | NS      | $23414.16     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                 | Agree Realty Corporation                         | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |       435 | NS      | $31420.05     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc          | Allegro MicroSystems, Inc.                       | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       763 | NS      | $28162.33     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation        | Alliant Energy Corporation                       | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       355 | NS      | $23398.05     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc. | American International Group, Inc.               | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       549 | NS      | $41109.12     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                       | Avantor, Inc.                                    | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1282 | NS      | $13999.44     | 0.86%             |  |  |  | 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        |       350 | NS      | $32354.00     | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.             | BWX Technologies, Inc.                           | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |        79 | NS      | $16228.97     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                 | Brown & Brown, Inc.                              | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       406 | NS      | $29272.60     | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation            | CMS Energy Corporation                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       437 | NS      | $31241.13     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.           | CACI International, Inc.                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |        40 | NS      | $24823.20     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                | Cameco Corporation                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |       222 | NS      | $27392.58     | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.           | Church & Dwight Company, Inc.                    | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |       279 | NS      | $26853.75     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.        | Cooper Companies, Inc. (The)                     | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       399 | NS      | $32470.62     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                       | Corteva, Inc.                                    | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       460 | NS      | $33488.00     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                | Crown Holdings, Inc.                             | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       232 | NS      | $24285.76     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.        | Cullen/Frost Bankers, Inc.                       | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |       174 | NS      | $23980.68     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                    | DTE Energy Company                               | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       175 | NS      | $23516.50     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc            | Diamondback Energy, Inc.                         | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       162 | NS      | $26559.90     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.              | Eagle Materials, Inc.                            | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |       137 | NS      | $27921.97     | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                        | Evergy, Inc.                                     | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       315 | NS      | $24169.95     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust   | Federal Realty Investment Trust REIT             | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |       311 | NS      | $31460.76     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.         | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |     44611 | PA      | $44611.14     | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                  | Arthur J Gallagher & Company                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |        90 | NS      | $22443.30     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.              | Glacier Bancorp, Inc.                            | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |       501 | NS      | $25390.68     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.   | Gulfport Energy Corporation                      | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |       113 | NS      | $23071.21     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                       | Hawkins, Inc.                                    | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |       154 | NS      | $20058.50     | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc         | Healthpeak Properties, Inc.                      | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      1873 | NS      | $32290.52     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated              | Hubbell, Inc.                                    | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |        54 | NS      | $26348.76     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                  | Interparfums, Inc.                               | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       271 | NS      | $26441.47     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc     | Intercontinental Exchange, Inc.                  | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       196 | NS      | $34060.88     | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc.       | LPL Financial Holdings, Inc.                     | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |        87 | NS      | $31711.50     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation | Lattice Semiconductor Corporation                | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |       286 | NS      | $23028.72     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated        | Lithia Motors, Inc. Class A                      | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |        70 | NS      | $22640.80     | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                   | Littelfuse, Inc.                                 | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |        87 | NS      | $28167.12     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                   | MSA Safety, Inc.                                 | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |       184 | NS      | $32595.60     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc            | Marvell Technology, Inc.                         | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       481 | NS      | $37960.52     | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Company, Incorporated | McCormick & Company Inc Non-Voting Shares        | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |       358 | NS      | $22135.14     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mckesson Corp.                    | McKesson Corporation                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        19 | NS      | $15792.99     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.          | Modine Manufacturing Company                     | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |       189 | NS      | $34900.74     | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.          | O'Reilly Automotive, Inc.                        | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       324 | NS      | $31884.84     | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                | Chord Energy Corporation                         | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |       350 | NS      | $35084.00     | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.    | Old Dominion Freight Line, Inc.                  | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       184 | NS      | $31868.80     | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America  | Packaging Corp of America                        | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       154 | NS      | $34272.70     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.         | Pan American Silver Corporation                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |       386 | NS      | $21075.60     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                   | Pegasystems, Inc.                                | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |       554 | NS      | $24204.26     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp            | Permian Resources Corporation                    | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |      1714 | NS      | $27646.82     | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies           | Piper Sandler Cos                                | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |        69 | NS      | $23898.15     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                       | Rambus, Inc.                                     | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |       252 | NS      | $28685.16     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                | Henry Schein, Inc.                               | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |       314 | NS      | $23700.72     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.             | SOUTHSTATE BANK CORP                             | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       251 | NS      | $25684.83     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc               | Texas Roadhouse, Inc.                            | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       176 | NS      | $31655.36     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.               | Toll Brothers, Inc.                              | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       173 | NS      | $24996.77     | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                   | Ulta Beauty, Inc.                                | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        38 | NS      | $24599.68     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                | Vail Resorts, Inc.                               | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       152 | NS      | $20226.64     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                       | Ventas, Inc. REIT                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |       398 | NS      | $30912.66     | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp.                     | Veralto Corporation                              | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       243 | NS      | $24052.14     | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation        | Verra Mobility Corporation                       | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |      1366 | NS      | $26363.80     | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc        | Zimmer Biomet Holdings, Inc.                     | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       267 | NS      | $23247.69     | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

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

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer