# EDGAR Filing Document

**Accession Number:** 0001645192
**File Stem:** 0001413042-25-000875
**Filing Date:** 2025-10
**Character Count:** 20941
**Document Hash:** db1addfdd49cbcc6851f062657ba4aeb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000875.hdr.sgml**: 20251015

**ACCESSION NUMBER**: 0001413042-25-000875

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251015

**DATE AS OF CHANGE**: 20251015

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WP Trust
- **CENTRAL INDEX KEY:** 0001645192

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23086
- **FILM NUMBER:** 251393582

**BUSINESS ADDRESS:**
- **STREET 1:** 127 NW 13TH STREET SUITE 13
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33432
- **BUSINESS PHONE:** 800-950-9112

**MAIL ADDRESS:**
- **STREET 1:** 127 NW 13TH STREET SUITE 13
- **CITY:** BOCA RATON
- **STATE:** FL
- **ZIP:** 33432

## Series and Classes Contracts Data

### WP Large Cap Income Plus Fund (Series ID: S000060197)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000197011 | Institutional Class Shares | WPLCX           |

## Nport-Ex

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** |
|  |  | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
|  |  | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **Shares** |  |  |  | **Fair Value** | **% of Net Assets** |
| **COMMON STOCKS** | **COMMON STOCKS** |  |  |  |  |
| **Air Freight & Logistics** | **Air Freight & Logistics** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | United Parcel Service, Inc. - Class B + |  |  | $87440 | 0.36% |
| **Banks** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65000 | Bank of America Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3298100 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11900 | JPMorgan Chase & Co. + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3586898 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000 | Mitsubishi UFJ Financial Group, Inc. - ADR + | Mitsubishi UFJ Financial Group, Inc. - ADR + |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000 | UBS Group AG (Switzerland) + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1013000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29400 | Wells Fargo & Company + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2416092 |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11537290 | 48.14% |
| **Beverages** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | Diageo PLC - ADR + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201294 | 0.84% |
| **Biotechnology** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440000 | ImmunityBio, Inc. \* + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1029600 | 4.30% |
| **Diversified Financial Services** | **Diversified Financial Services** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | Berkshire Hathaway Inc. - Class B \* + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005960 | 4.20% |
| **Hotels, Restaurants & Leisure** | **Hotels, Restaurants & Leisure** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | McDonald's Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;313540 | 1.31% |
| **Oil, Gas & Consumable Fuels** | **Oil, Gas & Consumable Fuels** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | Chevron Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;321200 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8600 | Exxon Mobil Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;982894 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000 | Occidental Petroleum Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333270 |  |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1637364 | 6.84% |
| **Software** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7650 | Microsoft Corporation + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3876179 | 16.17% |
| **Technology Hardware, Storage & Peripherals** | **Technology Hardware, Storage & Peripherals** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16000 | Apple Inc. + |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3714240 | 15.50% |
| **Total for Common Stocks (Cost $7,869,320)** | **Total for Common Stocks (Cost $7,869,320)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23402907 | 97.66% |
| **MONEY MARKET FUNDS** | **MONEY MARKET FUNDS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659930 | Federated Hermes Government Obligations Fund - Institutional | Federated Hermes Government Obligations Fund - Institutional | Federated Hermes Government Obligations Fund - Institutional |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Class 4.17% \*\* |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;659930 | 2.75% |
| **Total for Money Market Funds (Cost $659,930)** | **Total for Money Market Funds (Cost $659,930)** |  |  |  |  |
| **PUT OPTIONS PURCHASED** | **PUT OPTIONS PURCHASED** |  | **Notional** |  |  |
| **Expiration Date/Exercise Price** | **Expiration Date/Exercise Price** | **Contracts** | **Amount** | **Fair Value** | **% of Net Assets** |
| CBOE S&P 500 Index \* | CBOE S&P 500 Index \* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;September 19, 2025 Puts @ $4,350 | &nbsp;&nbsp;&nbsp;&nbsp;September 19, 2025 Puts @ $4,350 | 20 | $8700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;October 17, 2025 Puts @ $4,350 | &nbsp;&nbsp;&nbsp;&nbsp;October 17, 2025 Puts @ $4,350 | 20 | 8700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4650 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;November 21, 2025 Puts @ $4,350 | &nbsp;&nbsp;&nbsp;&nbsp;November 21, 2025 Puts @ $4,350 | 20 | 8700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14400 |  |
| **Total for Options Purchased (Premiums Paid - $62,327)** | **Total for Options Purchased (Premiums Paid - $62,327)** | **Total for Options Purchased (Premiums Paid - $62,327)** | $26100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20050 | 0.08% |
| **Total Investment Securities (Cost - $8,591,577)** | **Total Investment Securities (Cost - $8,591,577)** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24082887 | 100.49% |
|  | Liabilities in Excess of Other Assets |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(117043) | -0.49% |
|  | Net Assets |  |  | $23965844 | 100.00% |
| ADR - American Depositary Receipt | ADR - American Depositary Receipt |  |  |  |  |
| \* Non-Income Producing Securities. | \* Non-Income Producing Securities. |  |  |  |  |
| \*\* The rate shown represents the 7-day yield at August 31, 2025. | \*\* The rate shown represents the 7-day yield at August 31, 2025. | \*\* The rate shown represents the 7-day yield at August 31, 2025. |  |  |  |
| + Portion or all of the security is pledged as collateral for options written. | + Portion or all of the security is pledged as collateral for options written. | + Portion or all of the security is pledged as collateral for options written. | + Portion or all of the security is pledged as collateral for options written. |  |  |
| **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** | **WP Large Cap Income Plus Fund** |  |  |  |
|  |  | **Schedule of Options Written** | **Schedule of Options Written** | **Schedule of Options Written** | **Schedule of Options Written** |
|  |  | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **Underlying Security** | **Underlying Security** |  |  | **Notional** | **Fair Value** |
| **Expiration Date/Exercise Price** | **Expiration Date/Exercise Price** | **Contracts** |  | **Amount** |  |
| **Put Options Written** | **Put Options Written** |  |  |  |  |
| CBOE S&P 500 Index \* | CBOE S&P 500 Index \* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;June 18, 2026 Puts @ $4,600 | &nbsp;&nbsp;&nbsp;&nbsp;June 18, 2026 Puts @ $4,600 | 20 |  | $9200000 | $97000 |
| **Total Put Options Written (Premiums Received $172,113)** | **Total Put Options Written (Premiums Received $172,113)** | **Total Put Options Written (Premiums Received $172,113)** |  | $9200000 | $97000 |
| \* Non-Income Producing Securities. | \* Non-Income Producing Securities. |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23086

- **c. CIK number of Registrant:** 0001645192

- **d. LEI of Registrant:** 549300N7GBLBE3X3CK58

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

  - **Street Address 1:** 127 NW 13th Street

  - **City:** Boca Raton

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33432

  - **Telephone number:** 619-588-9700

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

- **a. Name of Series:** WP Large Cap Income Plus Fund

- **b. EDGAR series identifier (if any):** S000060197

- **c. LEI of Series:** 549300DQBKNS7VICBS58

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $24131045.04

**Total Liabilities:** $165201.36

**Net Assets:** $23965843.68

**Cash Not Reported:** $4393.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000197011 | 4.95%                | 2.45%                | 3.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $718138.63               | $367597.17                                 |
| Month 2  | $-16702.74               | $500823.05                                 |
| Month 3  | $914548.49               | $-84569.82                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** S&P500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc.                           | Apple, Inc.                                                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     16000 | NS      | $3714240.00   | 15.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation          | Bank of America Corporation                                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     65000 | NS      | $3298100.00   | 13.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.              | Berkshire Hathaway Inc. Class B                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      2000 | NS      | $1005960.00   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                  | Chevron Corporation                                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $321200.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                           | Diageo PLC - ADR                                                     | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |      1800 | NS      | $201294.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corporation              | Exxon Mobil Corporation                                              | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      8600 | NS      | $982894.00    | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust       | Federated Hermes Money Market Obligations Fund - Institutional Class | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    659930 | NS      | $659930.21    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmunityBio, Inc.                    | ImmunityBio, Inc.                                                    | CUSIP: 45256X103<br>LEI: 529900J9XLBR4HFL4B83 | Long             | EC               | CORP              | US        |    440000 | NS      | $1029600.00   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                 | JPMorgan Chase & Co.                                                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     11900 | NS      | $3586898.00   | 14.97%            |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corporation               | McDonald's Corporation                                               | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1000 | NS      | $313540.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                | Microsoft Corporation                                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7650 | NS      | $3876178.50   | 16.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group, Inc. ADR                             | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     80000 | NS      | $1223200.00   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corporation     | Occidental Petroleum Corporation                                     | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      7000 | NS      | $333270.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.               | SPX Us 06/18/26 P4600                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |       -20 | NC      | $-97000.00    | -0.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.               | SPX Us 10/17/25 P4350                                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $4650.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.               | SPXW Us 09/19/25 P4350                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $1000.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.               | SPXW Us 11/21/25 P4350                                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | N/A              | DE               | CORP              | US        |        20 | NC      | $14400.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                         | UBS Group AG (Switzerland)                                           | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     25000 | NS      | $1013000.00   | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.          | United Parcel Service, Inc. Class B                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      1000 | NS      | $87440.00     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                | Wells Fargo & Company                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     29400 | NS      | $2416092.00   | 10.08%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-13

**Name of Applicant:** WP Trust

**Signature:** /s/ James Craft

**Name of Signer:** James Craft

**Title:** Treasurer