# EDGAR Filing Document

**Accession Number:** 0001587551
**File Stem:** 0000910472-25-003446
**Filing Date:** 2025-11
**Character Count:** 25761
**Document Hash:** d2352bfbb7533ce8c6cf532817358a16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003446.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000910472-25-003446

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capitol Series Trust
- **CENTRAL INDEX KEY:** 0001587551

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22895
- **FILM NUMBER:** 251493288

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 5135873447

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

## Series and Classes Contracts Data

### FullerThaler Behavioral Mid-Cap Value Fund (Series ID: S000060087)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000196717 | Investor Shares      | FTVNX           |
| C000196718 | Institutional Shares | FTVSX           |
| C000196719 | R6 Shares            | FTVZX           |
| C000206947 | A Shares             | FTVAX           |
| C000225339 | C Shares             | FTVCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Capitol Series Trust

- **b. Investment Company Act file number:** 811-22895

- **c. CIK number of Registrant:** 0001587551

- **d. LEI of Registrant:** 549300MZI5K7U8BD2Q02

- **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:** FULLERTHALER BEHAVIORAL MID-CAP VALUE

- **b. EDGAR series identifier (if any):** S000060087

- **c. LEI of Series:** 549300PP1ER2XXCRP044

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $375179792.49

**Total Liabilities:** $316441.18

**Net Assets:** $374863351.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196719 | 0.29%                | 3.20%                | -3.92%               |
| Class ID C000196717 | 0.27%                | 3.16%                | -3.98%               |
| Class ID C000225339 | -0.79%               | 2.13%                | -4.98%               |
| Class ID C000206947 | -5.53%               | -2.73%               | -9.51%               |
| Class ID C000196718 | 0.26%                | 3.23%                | -3.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2003278.50              | $-1034942.19                               |
| Month 2  | $3288139.69              | $8513805.97                                |
| Month 3  | $12089463.32             | $-28823659.01                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amcor PLC                                  | Amcor PLC                                    | CUSIP: G0250X107<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | US        |   1865138 | NS      | $15256828.84  | 4.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Pinnacle West Capital Corp.                | Pinnacle West Capital Corp.                  | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     22405 | NS      | $2008832.30   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                        | Synchrony Financial                          | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     95593 | NS      | $6791882.65   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corporation                         | Kemper Corp.                                 | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |    143210 | NS      | $7382475.50   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co.                         | U-Haul Holdings Co.                          | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    146945 | NS      | $7479500.50   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                    | KeyCorp                                      | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |    527815 | NS      | $9864862.35   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)   | First Citizens BancShares, Inc.              | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      2145 | NS      | $3837748.20   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                          | Hillenbrand, Inc.                            | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |    201670 | NS      | $5453156.80   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                         | Henry Schein, Inc.                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     34820 | NS      | $2311003.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                     | Roper Technologies, Inc.                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      3840 | NS      | $1914969.60   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group, Ltd.                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |     31000 | NS      | $10857130.00  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock plc                       | Smurfit WestRock PLC                         | CUSIP: G8267P108<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |    152710 | NS      | $6500864.70   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp.                           | NCR Atleos Corp.                             | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     42743 | NS      | $1680227.33   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation                 | American Tower Corp.                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     27330 | NS      | $5256105.60   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Company          | Graphic Packaging Holding Co.                | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    800930 | NS      | $15674200.10  | 4.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Labcorp Holdings Inc                       | Labcorp Holdings, Inc.                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20770 | NS      | $5962236.20   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                             | Public Storage                               | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      8785 | NS      | $2537547.25   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                              | Centene Corp.                                | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     23355 | NS      | $833306.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                    | Advance Auto Parts, Inc.                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    149885 | NS      | $9202939.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Reynolds Consumer Products Inc.            | Reynolds Consumer Products, Inc.             | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |    184600 | NS      | $4517162.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Olin Corporation                           | Olin Corp.                                   | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    248510 | NS      | $6210264.90   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                           | Donaldson Co., Inc.                          | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     62055 | NS      | $5079201.75   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                  | Healthpeak Properties, Inc.                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    626510 | NS      | $11997666.50  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                    | Aramark                                      | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |    114990 | NS      | $4415616.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                 | Americold Realty Trust                       | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    958940 | NS      | $11737425.60  | 3.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Dentsply Sirona Inc                        | Dentsply Sirona, Inc.                        | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |    759880 | NS      | $9642877.20   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV               | Lyondellbasell Industries NV                 | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     96760 | NS      | $4745110.40   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                       | Edison International                         | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     23370 | NS      | $1291893.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                        | Flowers Foods, Inc.                          | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    243150 | NS      | $3173107.50   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Brixmor Property Group Inc                 | Brixmor Property Group, Inc.                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    195295 | NS      | $5405765.60   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                        | Global Payments, Inc.                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    202105 | NS      | $16790883.40  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corporation                            | LKQ Corp.                                    | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    199090 | NS      | $6080208.60   | 1.62%             |  |  |  | No            |                  1 | On Loan: —       |
| NCR Voyix Corporation                      | NCR Voyix Corp.                              | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     89160 | NS      | $1118958.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                    | Republic Services, Inc.                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      7230 | NS      | $1659140.40   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                     | Verisk Analytics, Inc.                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      7455 | NS      | $1875007.05   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                       | M&T Bank Corp.                               | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     17530 | NS      | $3464278.60   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                               | AMETEK, Inc.                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     13820 | NS      | $2598160.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                    | Dow, Inc.                                    | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |    313660 | NS      | $7192223.80   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                           | Concentrix Corp.                             | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |    106990 | NS      | $4937588.50   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Globe Life Inc                             | Globe Life, Inc.                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |     29655 | NS      | $4239775.35   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                             | Brink's Co./The                              | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     51885 | NS      | $6063281.10   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Agco Corporation                           | AGCO Corp.                                   | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |    102120 | NS      | $10933988.40  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                   | Devon Energy Corp.                           | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    274255 | NS      | $9615380.30   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                        | Reich & Tang Deposit Account                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   2008207 | PA      | $2008207.05   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                 | Alliant Energy Corp.                         | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     32740 | NS      | $2207003.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| W. P. Carey Inc                            | WP Carey, Inc.                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     33405 | NS      | $2257175.85   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                            | Dollar Tree, Inc.                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    135675 | NS      | $12803649.75  | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                           | Markel Corp.                                 | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      4370 | NS      | $8352643.20   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                         | Atmos Energy Corp.                           | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     12665 | NS      | $2162548.75   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                 | CarMax, Inc.                                 | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |     84865 | NS      | $3807892.55   | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Centerpoint Energy Inc                     | CenterPoint Energy, Inc.                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     74945 | NS      | $2907866.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc               | Citizens Financial Group, Inc.               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    183255 | NS      | $9741835.80   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation                       | Celanese Corp.                               | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |     91700 | NS      | $3858736.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                 | Dollar General Corp.                         | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    103030 | NS      | $10648150.50  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion                                   | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     74615 | NS      | $6251244.70   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services, Inc. | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |    207930 | NS      | $13710904.20  | 3.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Amdocs Limited                             | Amdocs Ltd.                                  | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |     27720 | NS      | $2274426.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy, Inc.                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     18025 | NS      | $4235514.50   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                     | CMS Energy Corp.                             | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     24705 | NS      | $1809888.30   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                     | Ingredion, Inc.                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     33250 | NS      | $4060157.50   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MUFG Collateral                            | MUFG Collateral                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |  52676465 | PA      | $52676465.25  | 14.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                       | Old National Bancorp                         | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     90885 | NS      | $1994925.75   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company               | Sherwin-Williams Co./The                     | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      8134 | NS      | $2816478.84   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc.                        | Ally Financial, Inc.                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |    282180 | NS      | $11061456.00  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Capitol Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller