# EDGAR Filing Document

**Accession Number:** 0001408970
**File Stem:** 0001752724-23-035092
**Filing Date:** 2023-2
**Character Count:** 20564
**Document Hash:** c31e87577051b10429ddf1eeb53165e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035092.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035092

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AdvisorShares Trust
- **CENTRAL INDEX KEY:** 0001408970
- **IRS NUMBER:** 260636087
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22110
- **FILM NUMBER:** 23657111

**BUSINESS ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** (877) 843-3831

**MAIL ADDRESS:**
- **STREET 1:** 4800 MONTGOMERY LANE
- **STREET 2:** SUITE 150
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

## Series and Classes Contracts Data

### AdvisorShares Pure US Cannabis ETF (Series ID: S000066948)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000215439 | AdvisorShares Pure US Cannabis ETF | MSOS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AdvisorShares Trust

- **b. Investment Company Act file number:** 811-22110

- **c. CIK number of Registrant:** 0001408970

- **d. LEI of Registrant:** 549300K5KGUMX2I7WM68

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

  - **Street Address 1:** 4800 Montgomery Lane

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 877-843-3831

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

- **a. Name of Series:** AdvisorShares Pure US Cannabis ETF

- **b. EDGAR series identifier (if any):** S000066948

- **c. LEI of Series:** 549300U1LLTOEUUI7S22

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $958734550.87

**Total Liabilities:** $513026415.06

**Net Assets:** $445708135.81

**Cash Not Reported:** $143260000.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215439 | 22.55%               | 8.27%                | -40.36%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20676945.63            | $23706835.68                               |
| Month 2  | $-11163650.29            | $18939681.36                               |
| Month 3  | $-16032561.11            | $4203928.08                                |

**Designated Index Information**

- **Index Name:** US Marijuana Comp Idx TR

- **Index Identifier:** UMMAR Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COWEN INC.                     | TRS C21 INVESTMENTS INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1534417.87   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydrofarm Holdings Group Inc   | Hydrofarm Holdings Group Inc         | CUSIP: 44888K209<br>LEI: 5493005Y60YG0W2FYJ83 | Long             | EC               | CORP              | US        |   1073138 | NS      | $1663363.90   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS ACREAGE HOLDINGS INC             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1241541.51   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS VERANO HOLDINGS CORP             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2000126.24  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS LOWELL FARMS INC                 | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-45359.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS CURALEAF HOLDINGS                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3410727.09  | -0.77%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS JUSHI HOLDINGS INC               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $4637907.84   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS VAPEN MJ VENTURES                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $872293.10    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GOODNESS GROWTH HOLDINGS         | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-232317.92   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TRULIEVE CANNABIS CORPORATION    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2414245.46  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS PLANET 13 HOLDINGS               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1578708.54   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GLASS HOUSE BRANDS               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1430108.92   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| GrowGeneration Corp            | GrowGeneration Corp                  | CUSIP: 39986L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1309443 | NS      | $5133016.56   | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| COWEN INC.                     | TRS TERRASCEND CORP                  | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-5791701.04  | -1.30%            |  |  |  | No            |                  2 | On Loan: No      |
| Hempfusion Wellness Inc        | Hempfusion Wellness Inc              | CUSIP: 423821107<br>LEI: 549300IKC8T8NTH4GY17 | Long             | EC               | CORP              | CA        |   8014431 | NS      | $280505.09    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS 4FRONT VENTURES CORP             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1080793.05  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Power REIT                     | Power REIT                           | CUSIP: 73933H101<br>LEI: 549300GLI9IPZRYGFI71 | Long             | EC               | CORP              | US        |    277561 | NS      | $1096365.95   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RIV Capital Inc                | RIV Capital Inc                      | CUSIP: 768014102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   4504850 | NS      | $698194.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS CRESCO LABS                      | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2241257.18  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS COLUMBIA CARE INC                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-112072.58   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK TREASURY TRUST       | BLACKROCK TREASURY TRUST             | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 256709633 | NS      | $256709633.42 | 57.60%            |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS CURALEAF HLD INC                 | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $4421859.79   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TERRASCEND CORP                  | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-689955.76   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GOODNESS GROWTH HOLDING          | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $530304.32    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS AYR WELLNESS INC                 | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-7529132.71  | -1.69%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TRULIEVE CANNABIS CORPORATION    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $16485211.25  | 3.70%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TRULIEVE CANNABIS CORPORATION    | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $6258594.13   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GREEN THUMB INDUSTRIES           | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3378184.77  | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| Urban-Gro Inc                  | Urban-Gro Inc                        | CUSIP: 91704K202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    569497 | NS      | $1549031.84   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS C21 INVESTMENTS INC              | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-12717.95    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS PLANET 13 HOLDINGS               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3966693.30  | -0.89%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS CRESCO LABS INC                  | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $7018590.96   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GLASS HOUSE BRANDS               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-3212352.41  | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS MARIMED INC                      | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-2308.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS VAPEN MJ VENTURES                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-264.43      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties Inc | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     56465 | NS      | $5722727.75   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS JUSHI HOLDINGS INC               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-10298071.67 | -2.31%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GREEN THUMB                      | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $6882936.68   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC       | TRS ACREAGE HOLDINGS INC             | CUSIP: 000000000<br>LEI: DGQCSV2PHVF7I2743539 | N/A              | DE               | CORP              | GB        |         1 | NC      | $-30005.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TERRASCEND CORP                  | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $3496993.64   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS COLUMBIA CARE INC                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-17876233.70 | -4.01%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS 4FRONT VENTURES CORP             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $4644695.46   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS TPCO HOLD CORP                   | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $725431.07    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS GREEN THUMB INDUSTRIES           | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $13347157.54  | 2.99%             |  |  |  | No            |                  2 | On Loan: No      |
| AFC Gamma Inc                  | AFC Gamma Inc                        | CUSIP: 00109K105<br>LEI: 5493005G0MGS3E0E7218 | Long             | EC               | CORP              | US        |    135305 | NS      | $2128347.65   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| COWEN INC.                     | TRS COLUMBIA CARE INC                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $2130167.20   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS CURALEAF HOLDINGS                | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $16134551.39  | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS AYR STRATEGIES INC               | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $1235859.55   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS LOWELL FARMS INC                 | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $431093.03    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC DOMINION SECURITIES INC.   | RBC DOMINION SECURITIES INC          | CUSIP: 000000000<br>LEI: 549300QJJX6CVVUXLE15 | Long             | RA               | CORP              | US        |    200123 | PA      | $200123.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS CRESCO LABS INC                  | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $-1466111.93  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS VERANO HOLDINGS CORP             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $3325776.69   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| COWEN INC.                     | TRS VERANO HOLDINGS CORP             | CUSIP: 000000000<br>LEI: 5493008QI0EFC5WBED75 | N/A              | DE               | CORP              | US        |         1 | NC      | $10898885.54  | 2.45%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** AdvisorShares Trust

**Signature:** Dan Ahrens

**Name of Signer:** Dan Ahrens

**Title:** Secretary and Treasurer